NOT LISTED FOR SALE

409 Gardner St Raleigh, NC 27607

University Park Neighborhood
6 Beds
4 Baths
3,132 Sq Ft
1930 Built

Last Sold November 03, 2022

Last sale price $1,260,000 $402 Per Sq Ft

11 Days on Market

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • 1-minute walk to Isabella Cannon Park
  • Olds Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of November 2022

This property is offered AS IS. Located in the urban core of Raleigh, N.C., this six unit building is uniquely situated inside the beltline across the street from Raleigh’s Rose Garden, and is within walking distance of N.C. State University. The property features (4), two-bedroom units on the main floor and (2) one-bedroom units on the lower level. There is a common laundry room in the basement shared by all residents. This property is well-positioned for value-add improvements. Buyers should research land values in the neighborhood and the potential to subdivide the lot. Owner pays water and is approximately $340 per month. Tenants pay all other utilities. Lease Exp. & Current Rents: Unit 405: 9/30/2022 ($1,175), Unit 407:VACANT ($1,300 Estimated Market Rent), Unit 409: 3/31/2023 ($850), Unit 411: 6/30/23 ($1,275), Unit 413: 3/31/23 ($1,175), Unit 415: 4/30/23 ($700)

Last Agent to Sell the Property

Daniel Pouge

Deaton Investment Real Estate License #339670 Listed on: 09/12/2022

Co-Listed By

Thomas Furlow

Deaton Investment Real Estate License #222598

Last Buyer's Agent

Thomas Furlow

Deaton Investment Real Estate License #222598

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,015

Year Built

  • Built in 1930

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction

Flooring

  • Wood
  • Luxury Vinyl Tile
  • Vinyl

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System

Additional Features

  • Basement

Community Details

Listing and Financial Details

  • The owner pays for water

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,015

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Year Built: 1930
  • Prop. Type: Residential Income
  • Co List Office Phone: 919-847-1117
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Basement YN: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Hardwood: Yes
  • Flooring Vinyl: Yes
  • Remarks and Miscellaneous Syndication Remarks2: This property is offered AS IS. This six unit building is in a great location inside the beltline. The property features (4) 2BD/1BA units on the main floor and (2) 1BD/1BA units on the lower level. Tenants share common laundry room. Owner pays water (approximately $340 per month). Lease Exp. & Current Rents: Unit 405: 9/30/2022 ($1,175), Unit 407:VACANT ($1,300 Estimated Market Rent), Unit 409: 3/31/2023 ($850), Unit 411: 6/30/23 ($1,275), Unit 413: 3/31/23 ($1,175), Unit 415: 4/30/23 ($700)
  • General Property Information Carport YN: No
  • Cooling Window Unit(s): Yes
  • General Property Information Number Of Units Total3: 6.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Luxury Vinyl, Vinyl
  • Basement YN: Yes

Exterior Features

  • Construction Type: Brick
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

  • Heating: Electric, Forced Air, Heat Pump, Natural Gas
  • Cooling: Central Air, Electric, Heat Pump, Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Schools

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

Rental Info

  • Owner Pays: Water

Tax Info

  • Tax Annual Amount: 7015.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 6

MLS Schools

  • Elementary School: Wake County Schools

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2022 11/03/22 Sold $1,260,000 -2.7% $402 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
09/12/2022 09/12/22 For Sale $1,295,000 -- $413 / 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
2025 $10,657 $1,208,227 $450,000 $758,227
2024 $10,613 $1,208,227 $450,000 $758,227
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Daniel Pouge

    Deaton Investment Real Estate

    Section Image
  • Thomas Furlow

    Seller Co-Listing Agent in 2022

    Thomas Furlow

    Deaton Investment Real Estate

    (919) 847-1117

    2 in this area

    65 Total Sales

    Thomas Furlow
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2473787

Doorify MLS
North Carolina Wake County Raleigh 27607 University Park

409 Gardner St, Raleigh, NC

Not Listed for Sale

Detached

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