NOT LISTED FOR SALE

Estimated Value: $441,000 - $556,000

8 Beds
4 Baths
3,180 Sq Ft
$162/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2025

Last sale price $515,500 $162 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,486 / mo

6 Days on Market

Highlights

  • Ranch Style House
  • Carpet
  • Heat Pump System
  • Cooling Available

About This Home

As of January 2025

Located in Northeast Raleigh, this offering features a one-story quadraplex. Residents are within five minutes of multiple dining, retail, entertainment and employment options as well as Duke Raleigh Hospital. All units have two-bedroom and one-bathroom floorplans with 795 square feet. There is plenty of value to be added and rent growth to realize. The units need work and are currently below market rents. Renovated two-bedroom units of similar size in the neighborhood are renting for $1,300-$1,400 per month. Tenants pay their own utilities. Driveway is shared with the adjacent quad which is also for sale.

Last Agent to Sell the Property

Reef Ivey IV

Deaton Investment Real Estate License #317890 Listed on: 10/04/2024

Co-Listed By

Thomas Furlow

Deaton Investment Real Estate License #222598

Last Buyer's Agent

Reef Ivey IV

Deaton Investment Real Estate License #317890 Listed on: 10/04/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,374

Year Built

  • Built in 1982

Lot Details

  • 19,166 Sq Ft Lot

Home Design

  • 3,180 Sq Ft Home
  • Ranch Style House
  • Brick Foundation
  • Shingle Roof
  • Masonite

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • Pepperdine Subdivision

Listing and Financial Details

  • The owner pays for insurance, taxes
  • Assessor Parcel Number 1726029636

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,374

Year Built

Built in 1982

Lot Details

0.44 Acres

Listing Details

  • Year Built: 1982
  • Prop. Type: Residential Income
  • Co List Office Phone: 919-847-1117
  • Subdivision Name: Pepperdine
  • Above Grade Finished Sq Ft: 3180.0
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • Architectural Style Ranch: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Vinyl: Yes
  • Flooring Laminate: Yes
  • Foundation Details BrickMortar: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: Other
  • General Property Information Above Grade Finished Area: 3180.0
  • General Property Information Lot Size Square Feet2: 19166.4
  • General Property Information Lot Size Acres: 0.44
  • General Property Information:Living Area3: 3180.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Vinyl
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Roof: Shingle
  • Acres: 0.44
  • Construction Type: Masonite
  • Foundation Details: Brick/Mortar
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: Off Street, Parking Lot
  • Parking Features:Parking Lot: Yes
  • Parking Features:Off Street: Yes
  • General Property Information:Open Parking YN2: No

Utilities

  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Lot Info

  • Lot Size Sq Ft: 19166.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 1726029636
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other
  • Owner Pays: Insurance, Taxes

Tax Info

  • Tax Annual Amount: 4373.69
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Dec 13, 2024
Sold by
Bought by
Seller's Agent
Reef Ivey IV
Deaton Investment Real Estate
Buyer's Agent
Reef Ivey IV
Deaton Investment Real Estate
List Price
$490,000
Sold Price
$515,500
Premium/Discount to List
$25,500
5.2%
Views
29
Current Estimated Value
$577,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,167
Avg. Annual Appreciation
0.11%
Original Mortgage
$872,500
Interest Rate
0.0681%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 15, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
0.0606%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,031,000 Tryon Title
$267,000 None Available
$165,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $872,500
Closed $214,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/09/2025 01/09/25 Sold $515,500 +5.2% $162 / Sq Ft
10/10/2024 10/10/24 Pending -- -- --
10/04/2024 10/04/24 For Sale $490,000 -- $154 / Sq Ft
Source: Doorify MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,391 $494,380 $150,000 $344,380
2024 $4,374 $494,380 $150,000 $344,380
2023 $3,252 $291,020 $60,000 $231,020
2022 $3,027 $291,020 $60,000 $231,020
2021 $2,912 $291,020 $60,000 $231,020
2020 $2,860 $291,020 $60,000 $231,020
2019 $2,800 $234,677 $56,000 $178,677
2018 $2,644 $234,677 $56,000 $178,677
2017 $2,521 $234,677 $56,000 $178,677
2016 $2,471 $234,677 $56,000 $178,677
2015 $2,555 $239,030 $56,000 $183,030
2014 $2,427 $239,030 $56,000 $183,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10056420

Doorify MLS

APN: 1726.13-02-9636-000

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