NOT LISTED FOR SALE

4012 Burlington Mills Rd Unit A, B & D Wake Forest, NC 27587

Estimated Value: $578,000 - $614,000

-- Bed
9 Baths
-- Sq Ft
1975 Built

Last Sold November 08, 2021

Last sale price $475,000

Est. 39% increase in value since last sale

Current estimated payment $3,781/month

38 Days on Market

Highlights

  • Window Unit Cooling System
  • Carpet
  • Heating Available
  • Rolesville Elementary School Rated 9+

About This Home

As of November 2021

Wonderful opportunity. 3 Triplex units with total of seven 3 bedroom 1 bath units and two 2 bedroom 1 bath units. Wake Forest Area with good access to shopping and highways. Units are occupied and are in need of TLC. SOLD AS IS. Great investment opportunity with possibility of increasing cap rate to 9%

Last Agent to Sell the Property

Marti Hampton

EXP Realty LLC License #132302 Listed on: 07/16/2021

EXP Realty LLC

Last Buyer's Agent

Morgan Womble

Compass -- Raleigh License #193878

Compass -- Raleigh

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,059

Year Built

  • Built in 1975

Parking

  • Off-Street Parking

Home Design

  • Masonite

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Well
  • Septic Tank

Additional Features

  • Carpet
  • Crawl Space

Community Details

  • 9 Units
  • Gross Income $5,025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,059

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Year Built: 1975
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Basement YN: Yes
  • Flooring Carpet: Yes
  • Water Source Well: Yes
  • Contract Information Lease Term: 30 Days
  • General Property Information Carport YN: No
  • Cooling Window Unit(s): Yes
  • General Property Information Number Of Units Total3: 9.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Basement: Crawl Space
  • Basement YN: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Construction Type: Masonite
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Heating: Electric
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Sewer Septic Tank: Yes

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Rental Info

  • Lease Term: 30 Days
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 4059.0
  • Tax Year: 2020

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 5025.0

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Nov 2, 2021
Sold by
Powell Housing Llc
Bought by
Citadel Properties Llc
Seller's Agent
Marti Hampton
EXP Realty LLC
Buyer's Agent
Morgan Womble
Compass -- Raleigh
List Price
$529,000
Sold Price
$475,000
Premium/Discount to List
-$54,000
-10.21%
Current Estimated Value
$661,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,333
Avg. Annual Appreciation
5.87%
Original Mortgage
$350,000
Outstanding Balance
$320,040
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$275,960

Purchase Details

Closed on
Sep 12, 2012
Sold by
The Powell Housing Limited Partnership
Bought by
The Powell Housing Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Citadel Properties Llc $475,000 None Listed On Document
Citadel Properties Llc $475,000 None Listed On Document
The Powell Housing Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Citadel Properties Llc $350,000
Closed Citadel Properties Llc $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $475,000 -- --
11/08/2021 11/08/21 Sold $475,000 -10.2% --
08/23/2021 08/23/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $529,000 -- --
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,752 $558,398 $343,920 $214,478
2024 $3,648 $558,398 $343,920 $214,478
2023 $4,557 $561,337 $223,920 $337,417
2022 $4,234 $561,337 $223,920 $337,417
2021 $4,125 $561,337 $223,920 $337,417
2020 $4,059 $561,337 $223,920 $337,417
2019 $3,924 $458,401 $183,920 $274,481
2018 $3,620 $458,401 $183,920 $274,481
2017 $3,439 $458,401 $183,920 $274,481
2016 $3,373 $458,401 $183,920 $274,481
2015 $3,925 $633,779 $263,920 $369,859
2014 $4,410 $633,779 $263,920 $369,859
Source: Public Records

Agents Affiliated with this Home

  • Marti Hampton

    Seller's Agent in 2021

    Marti Hampton

    EXP Realty LLC

    (919) 601-7710

    83 in this area

    1,316 Total Sales

    Marti Hampton
    Section Image
  • Morgan Womble

    Buyer's Agent in 2021

    Morgan Womble

    Compass -- Raleigh

    (919) 369-5552

    18 in this area

    212 Total Sales

    Morgan Womble
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2396208

Doorify MLS

APN: 1749.04-71-9721-000

North Carolina Wake County Wake Forest 27587

4012 Burlington Mills Rd Unit A, B & D, Wake Forest, NC

This home is located at 4012 Burlington Mills Rd Unit A, B & D, Wake Forest, NC 27587 since 16 July 2021 and is currently estimated at $596,000. This property was built in 1975. 4012 Burlington Mills Rd Unit A, B & D is a home located in Wake County with nearby schools including Rolesville Elementary School, Wake Forest-Rolesville Middle School, and Heritage High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

Nearby Homes