NOT LISTED FOR SALE

500 Forest Dr Garner, NC 27529

Estimated Value: $477,000 - $612,000

Studio
5 Baths
-- Sq Ft
1984 Built

Last Sold December 09, 2021

Last sale price $1,050,000

Est. 47% decrease in value since last sale

Current estimated payment $3,144/month

11 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Heating Available
  • Landscaped with Trees
  • Central Air

About This Home

As of December 2021

TWO RENOVATED TRIPLEXES = Incredible 6 UNIT investment opportunity in desirable Garner location! 2020 Reno w/New exterior vinyl siding+paint; New kitchens cabs, granite, subway tile backsplashes & stainless appliances; New tiled walk-in showers in primary baths & New paint, carpet & vinyl throughout. Each 2-story TH offers rear covered upper deck & lower patio, 2 parking spaces, addt'l storage in attic+priv W/D hook-ups. No HOA. All units have same floorplans & features.

Last Agent to Sell the Property

Annette Holt

Compass -- Cary License #231450 Listed on: 10/11/2021

Compass -- Cary

Co-Listed By

Davis Holt

Compass -- Cary License #275522

Last Buyer's Agent

Carolyn Graven

Keller Williams Elite Realty License #319609

Keller Williams Elite Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,700

Year Built

  • Built in 1984

Lot Details

  • Corner Lot
  • Landscaped with Trees

Parking

  • 2 Parking Spaces

Home Design

  • Slab Foundation
  • Vinyl Siding

Flooring

  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry in unit

Schools

  • Vandora Springs Elementary School
  • North Garner Middle School
  • Garner High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • 6 Units
  • Gross Income $5,605

Listing and Financial Details

  • 3 Month Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,700

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 1984
  • Prop. Type: Residential Income
  • Co List Office Phone: 919-726-6548
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Lot Features Hardwood Trees: Yes
  • Flooring Vinyl: Yes
  • Remarks and Miscellaneous Syndication Remarks2: TWO RENOVATED TRIPLEXES = Incredible 6 UNIT investment opportunity in desirable Garner location! 2020 Reno w/New exterior vinyl siding+paint; New kitchens cabs, granite, subway tile backsplashes & stainless appliances; New tiled walk-in showers in primary baths & New paint, carpet & vinyl throughout. Each 2-story TH offers rear covered upper deck & lower patio, 2 parking spaces, addt'l storage in attic+priv W/D hook-ups. No HOA. All units have same floorplans & features.
  • Contract Information Lease Term: 3 To 6 Months
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 6.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Information:Parking Total: 2.0

Utilities

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

Schools

  • Ninth Grade High School: Wake - Garner
  • Middle Or Junior School: Wake - North Garner

Rental Info

  • Lease Term: 3 To 6 Months
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 5700.0
  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 5605.0

MLS Schools

  • Elementary School: Wake - Vandora Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Dec 7, 2021
Sold by
Triaogle Homes Group Llc
Bought by
Smith Richard C and Smith Sandra J
Seller's Agent
Annette Holt
Compass -- Cary
Buyer's Agent
Carolyn Graven
Keller Williams Elite Realty
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Current Estimated Value
$555,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$494,026
Avg. Annual Appreciation
-13.96%
Original Mortgage
$318,500
Outstanding Balance
$292,423
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$263,551

Purchase Details

Closed on
Aug 28, 2020
Sold by
Turel Properties Llc
Bought by
Triangle Homes Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 7, 1989
Bought by
Hendricks Louis Lee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Richard C $525,000 None Available
Triangle Homes Group Llc $750,000 None Available
Hendricks Louis Lee $221,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Richard C $318,500
Previous Owner Triangle Homes Group Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2021 12/09/21 Sold $1,050,000 -4.5% --
10/22/2021 10/22/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $1,100,000 -- --
Source: Doorify MLS

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 $3,455 $327,310 $84,700 $242,610
2024 $3,443 $327,310 $84,700 $242,610
Source: Public Records

Agents Affiliated with this Home

  • Annette Holt

    Seller's Agent in 2021

    Annette Holt

    Compass -- Cary

    (919) 810-2203

    10 in this area

    234 Total Sales

    Annette Holt
    Section Image
  • Davis Holt

    Seller Co-Listing Agent in 2021

    Davis Holt

    Compass -- Cary

    (919) 810-2188

    10 in this area

    262 Total Sales

    Davis Holt
    Section Image
  • Carolyn Graven

    Buyer's Agent in 2021

    Carolyn Graven

    Keller Williams Elite Realty

    (408) 655-7438

    7 in this area

    56 Total Sales

    Carolyn Graven
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2412886

Doorify MLS

APN: 1711.18-40-9478-000

North Carolina Wake County Garner 27529

500 Forest Dr, Garner, NC

Not Listed for Sale

MultiFamily

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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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.

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