NOT LISTED FOR SALE

Estimated Value: $580,000 - $737,000

6 Beds
9 Baths
3,072 Sq Ft
$207/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $599,800 $195 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,786/month

50 Days on Market

Highlights

  • 0.85 Acre Lot
  • Deck
  • Ranch Style House
  • Open Floorplan
  • Family Room with Fireplace
  • L-Shaped Dining Room

About This Home

As of June 2024

Excellent ranch-style triplex investment opportunity in Southwest Raleigh! 2BD/2BA apartments feature an open floor plan; 2 spacious bedrooms and a deck w/ storage unit. All apartments are occupied: Apt A -$1150/mo - expires 01/31/25 - moved in 01/2019; Apt B - $1120/mo - expires-04/30/25 - moved in 08/2020; Apt C- $1340/mo - expires 12/31/24 -moved in 12/2022. Triplex is on a central water meter. Each apartment reimburses $55/mo for water. Triplex has vinyl siding and architectural shingled roof which were both installed in 2018 and the front porches were rebuilt in 2023. Great location behind Crossroads Plaza shopping center and very convenient to I-440 and downtown Raleigh!

Last Agent to Sell the Property

Diane Murdock

Raleigh Investment Real Estate License #211785 Listed on: 05/03/2024

Co-Listed By

Scott Snyder

Raleigh Investment Real Estate License #208686

Last Buyer's Agent

Julio Rosa Jr

Allen Tate/Raleigh-Falls Neuse License #330329

Allen Tate/Raleigh-Falls Neuse

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,272

Year Built

  • Built in 1984

Lot Details

  • 0.85

Home Design

  • Ranch Style House
  • Brick Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,072 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Family Room with Fireplace
  • 3 Fireplaces
  • L-Shaped Dining Room
  • Washer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Bathtub with Shower
  • Shower Only

Parking

  • 6 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Additional Features

  • Deck
  • 0.85 Acre Lot

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for water
  • Assessor Parcel Number 12

Community Details

Overview

  • 3 Units
  • Wayneridge Subdivision

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,272

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Year Built: 1984
  • Prop. Type: Residential Income
  • Road Frontage Type: City Street
  • Co List Office Phone: 919-794-4104
  • Subdivision Name: Wayneridge
  • Above Grade Finished Sq Ft: 3072.0
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Appliances Refrigerators: Yes
  • Interior Features Dining L: Yes
  • Interior Features Shower Only: Yes
  • General Property Information Senior Community YN: No
  • Flooring Laminate: Yes
  • Foundation Details BrickMortar: Yes
  • Utilities Electricity Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Connected: Yes
  • General Property Information Spa YN: No
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 3072.0
  • Laundry Features Washer Hookup: Yes
  • Utilities Sewer Connected: Yes
  • Roof Architectural Shingle: Yes
  • General Property Information Number Of Units Total3: 3.0
  • General Property Information Lot Size Square Feet2: 37026.0
  • General Property Information Lot Size Acres: 0.85
  • General Property Information:Living Area3: 3072.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Linoleum
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Dining L, Open Floorplan, Shower Only, See Remarks
  • Private Spa: No
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Family Room
  • Fireplaces: 3
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Fireplace Features:Family Room: Yes
  • Appliances:Electric Range: Yes
  • Fireplace Features:Fireplaces Total: 3
  • Interior Features:Open Floorplan: Yes
  • Interior Features:See Remarks10: Yes

Exterior Features

  • Roof: Architectural Shingle
  • Acres: 0.85
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Deck
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 6.0

Utilities

  • Utilities: Electricity Available, Sewer Connected, Water Available, Water Connected
  • Heating: Central, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 37026.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 12

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: 12 Months
  • Owner Pays: Water

Tax Info

  • Tax Annual Amount: 3272.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Furnished: None
  • Number Of Units Leased: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Jun 12, 2024
Sold by
Nagy Steven and Nagy Steve
Bought by
Prov 31 Llc
Seller's Agent
Diane Murdock
Raleigh Investment Real Estate
Buyer's Agent
Julio Rosa Jr
Allen Tate/Raleigh-Falls Neuse
List Price
$645,000
Sold Price
$599,800
Premium/Discount to List
-$45,200
-7.01%
Views
63
Current Estimated Value
$634,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,137
Avg. Annual Appreciation
3.72%

Purchase Details

Closed on
Aug 16, 2011
Sold by
Elliott James D and Elliott Pamela K
Bought by
Nagy Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2008
Sold by
J & T Nc Holdings Llc
Bought by
Elliott James D and Elliott Pamela K

Purchase Details

Closed on
Mar 15, 2006
Sold by
Fajgenbaum David M
Bought by
J & T Nc 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
$160,800
Interest Rate
1.4%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Prov 31 Llc $600,000 None Listed On Document
Nagy Steven $209,000 None Available
Elliott James D -- None Available
J & T Nc Holdings Llc $201,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nagy Steven $150,000
Previous Owner J & T Nc Holdings Llc $160,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2024 06/14/24 Sold $599,800 -7.0% $195 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $645,000 0.0% $210 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/16/2024 04/16/24 Price Changed $645,000 -3.7% $210 / Sq Ft
03/23/2024 03/23/24 For Sale $670,000 -- $218 / 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 $5,595 $634,658 $180,000 $454,658
2024 $5,572 $634,658 $180,000 $454,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10018955

Doorify MLS

APN: 0783.17-21-1250-000