NOT LISTED FOR SALE

405 Jones Franklin Rd Raleigh, NC 27606

Estimated Value: $521,000 - $730,000

-- Bed
3 Baths
3,120 Sq Ft
$202/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $535,000 $171 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,840/month

17 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Adams Elementary Rated A-
  • Carpet

About This Home

As of October 2022

Move in ready; turn key duplex in highly desirable area! Close to NCSU, I-40, Fenton, WakeMed Soccer Park and more! Great opportunity for an investor or owner occupant who wants to live in one side and lease the other to help pay for the property! New Carpet & New Paint! Unit 1 with 4 BR/ 4 BA. Unit 2 features 4BR/ 4BA. Plenty of parking; fenced in yard on Unit 2.

Last Agent to Sell the Property

Sherrie Smith

NorthGroup Real Estate, Inc. License #182911 Listed on: 08/31/2022

Last Buyer's Agent

Amanda Sanchez

Valor Realty License #281106

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,977

Year Built

  • Built in 1930

Lot Details

  • 0.33

Parking

  • 3 Parking Spaces

Home Design

  • Brick Foundation
  • Aluminum Siding

Flooring

  • Carpet
  • Vinyl

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,977

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Year Built: 1930
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Vinyl: Yes
  • Foundation Details BrickMortar: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl

Exterior Features

  • Construction Type: Aluminum Siding
  • Foundation Details: Brick/Mortar
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Information:Parking Total: 3.0

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Schools

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

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 3977.0
  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Oct 21, 2022
Sold by
Keech Michelle D and Keech John Michael
Bought by
Martinez Daniel Humberto Con
Seller's Agent
Sherrie Smith
NorthGroup Real Estate, Inc.
Buyer's Agent
Amanda Sanchez
Valor Realty
List Price
$585,000
Sold Price
$535,000
Premium/Discount to List
-$50,000
-8.55%
Current Estimated Value
$629,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,702
Avg. Annual Appreciation
6.76%
Original Mortgage
$401,250
Outstanding Balance
$386,421
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$255,230

Purchase Details

Closed on
Mar 14, 2017
Sold by
Leonhard Matt E and Leonhard Janet L
Bought by
Keech Michelle D and Keech John Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2002
Sold by
Cary Holdings Llc
Bought by
Leonhard Matt E and Leonhard Janet L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
6.18%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 1, 2001
Sold by
Kistler Kistler W
Bought by
Cary Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,575
Interest Rate
7.11%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Martinez Daniel Humberto Con $535,000 --
Keech Michelle D $330,500 None Available
Leonhard Matt E $330,000 --
Cary Holdings Llc $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Daniel Humberto Con $401,250
Previous Owner Keech Michelle D $232,500
Previous Owner Leonhard Matt E $33,000
Previous Owner Leonhard Matt E $264,000
Previous Owner Cary Holdings Llc $86,575
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $535,000 -- --
10/27/2022 10/27/22 Sold $535,000 -8.5% $171 / Sq Ft
09/17/2022 09/17/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $585,000 -- $188 / Sq Ft
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
2024 $4,712 $537,995 $130,500 $407,495
2023 $4,278 $388,836 $90,000 $298,836
2022 $3,977 $388,836 $90,000 $298,836
2021 $3,823 $388,836 $90,000 $298,836
2020 $3,754 $388,836 $90,000 $298,836
2019 $3,390 $289,028 $59,500 $229,528
2018 $3,198 $289,028 $59,500 $229,528
2017 $3,047 $289,028 $59,500 $229,528
2016 $2,985 $289,028 $59,500 $229,528
2015 $2,843 $270,697 $62,000 $208,697
2014 $2,698 $270,697 $62,000 $208,697
Source: Public Records

Agents Affiliated with this Home

  • Sherrie Smith

    Seller's Agent in 2022

    Sherrie Smith

    NorthGroup Real Estate, Inc.

    (919) 906-2595

    203 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    Amanda Sanchez

    Valor Realty

    (919) 745-9350

    66 Total Sales

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Map

Source: Doorify MLS

MLS Number: 2471674

Doorify MLS

APN: 0783.06-27-5587-000

North Carolina Wake County Raleigh 27606

405 Jones Franklin Rd, Raleigh, NC

This home is located at 405 Jones Franklin Rd, Raleigh, NC 27606 since 31 August 2022 and is currently estimated at $630,859, approximately $202 per square foot. This property was built in 1930. 405 Jones Franklin Rd is a home located in Wake County with nearby schools including Adams Elementary, Lufkin Road Middle School, and Learn With The Best School.

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