$820,000
SOLD JAN 8, 2025
2 Beds
2.5 Baths
4,002 Sq Ft
0.41 Acres

Recently Sold

$205 Per Sq Ft

5% Below List Price

90 Days on Market

Highlights

  • 0.41 Acre Lot
  • Traditional Architecture
  • Front Porch
  • Family Room with Fireplace
  • No HOA
  • Entrance Foyer

About This Home

As of January 2025

Great Investment Opportunity! Quadraplex (4 townhome units) in Raleigh off Jones Franklin near I40. Each unit features kitchen, dining, living room, & 1/2 bath on main level, plus 2 bedrooms & 2 full bathrooms upstairs. Each unit has a deck overlooking the backspace. The unit photographed is the one unit that was renovated prior to listing. Other units are in need of varying levels of updates. In front of the building is parking for all 4 units. This unit is located in close proximately to NC State, Downtown Raleigh, RTP, and Cary. Similar units in the neighborhood had rented for $1370-$1450.

Last Agent to Sell the Property

Matt Perry

Keller Williams Elite Realty License #234841 Listed on: 07/27/2024

Keller Williams Elite Realty

Last Buyer's Agent

JOCELYN BRADLEY

REAL BROKER LLC License #312742

REAL BROKER LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,086

Year Built

  • Built in 1984

Lot Details

  • 0.41 Acre Lot
  • Two or More Common Walls

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,002 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Family Room with Fireplace
  • 4 Fireplaces
  • Dining Room
  • Luxury Vinyl Tile Flooring
  • Basement
  • Crawl Space

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor

Laundry

  • Laundry in Hall
  • Laundry on main level

Attic

  • Pull Down Stairs to Attic
  • Unfinished Attic

Parking

  • 8 Parking Spaces
  • 8 Open Parking Spaces
  • Parking Lot

Schools

  • Dillard Elementary And Middle School
  • Athens Dr High School

Additional Features

  • Front Porch
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Wayneridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0783118126

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,086

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Year Built: 1984
  • Prop. Type: Residential
  • Subdivision Name: Wayneridge
  • Above Grade Finished Sq Ft: 4002.0
  • Architectural Style: Traditional
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Laundry Features Main Level: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: Second
  • Remarks and Miscellaneous Syndication Remarks2: Great Investment Opportunity! Quadraplex (4 townhome units) in Raleigh off Jones Franklin near I40. Each unit features kitchen, dining, living room, & 1/2 bath on main level, plus 2 bedrooms & 2 full bathrooms upstairs. Each unit has a deck overlooking the backspace. The unit photographed is the one unit that was renovated prior to listing. Other units are in need of varying levels of updates. In front of the building is parking for all 4 units. This unit is located in close proximately to NC State, Downtown Raleigh, RTP, and Cary. Similar units in the neighborhood had rented for $1370-$1450.
  • Laundry Features In Hall: Yes
  • Attic Features Unfinished2: Yes
  • General Property Information Enhanced Accessible2: No
  • Roof:Shingle: Yes
  • Utilities Water Connected: Yes
  • Room Types Entrance Hall: Yes
  • General Property Information Above Grade Finished Area: 4002.0
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • General Property Information Lot Size Square Feet2: 17860.0
  • General Property Information Lot Size Acres: 0.41
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 4002.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Luxury Vinyl
  • Basement: Crawl Space
  • Appliances: Dishwasher, Oven
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Family Room
  • Fireplaces: 4
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Appliances:Oven: Yes
  • Fireplace Features:Fireplaces Total: 4

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Acres: 0.41
  • Common Walls: 2+ Common Walls
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Other
  • Patio And Porch Features: Front Porch, Porch
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Front Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
  • Parking Features: Parking Lot
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Lot: Yes
  • General Property Information:Parking Total: 8.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 8.0

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Athens Dr
  • Middle Or Junior School: Wake - Dillard

Lot Info

  • Lot Size Sq Ft: 17860.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0783118126

Tax Info

  • Tax Annual Amount: 4085.75
  • Tax Year: 2024
  • Tax Map Number: 15

MLS Schools

  • Elementary School: Wake - Dillard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2024
Closed on
Nov 14, 2024
Sold by
Jpeg Properties Llc
Bought by
Flirty Walk Investments Llc
Seller's Agent
Matt Perry
Keller Williams Elite Realty
Buyer's Agent
JOCELYN BRADLEY
REAL BROKER LLC
List Price
$859,900
Sold Price
$820,000
Premium/Discount to List
-$39,900
-4.64%
Views
250
Current Estimated Value
$831,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,823
Avg. Annual Appreciation
1.46%
Original Mortgage
$568,869
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2021
Closed on
Dec 16, 2021
Sold by
Wilson Wayne Llc
Bought by
Jpeg Properties Llc
Seller's Agent
Annette Holt
Compass -- Cary
Buyer's Agent
Tiffany Williamson
Navigate Realty
List Price
$875,000
Sold Price
$820,000
Premium/Discount to List
-$55,000
-6.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Feb 26, 2010
Sold by
Wilson Joyce H
Bought by
Wilson Wayne Llc

Purchase Details

Closed on
Oct 30, 2008
Sold by
Wilson Joyce H
Bought by
Wilson Joyce H

Purchase Details

Closed on
Jun 30, 1987
Bought by
Wilson Wayne Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $820,000 None Listed On Document
Warranty Deed $820,000 None Listed On Document
Warranty Deed $820,000 None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Deed $190,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $568,869 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2025 01/08/25 Sold $820,000 -4.6% $205 / Sq Ft
10/26/2024 10/26/24 Pending -- -- --
07/27/2024 07/27/24 For Sale $859,900 +4.9% $215 / Sq Ft
12/21/2021 12/21/21 Sold $820,000 -6.3% $209 / Sq Ft View Prior Sale
12/01/2021 12/01/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $875,000 -- $223 / 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 $5,951 $673,182 $180,000 $493,182
2024 $5,927 $673,182 $180,000 $493,182
2023 $4,086 $367,544 $60,000 $307,544
2022 $3,801 $367,544 $60,000 $307,544
2021 $3,368 $337,901 $60,000 $277,901
2020 $3,308 $337,901 $60,000 $277,901
2019 $3,298 $277,714 $60,000 $217,714
2018 $3,114 $277,714 $60,000 $217,714
2017 $2,969 $277,714 $60,000 $217,714
2016 $2,909 $277,714 $60,000 $217,714
2015 $2,732 $256,150 $60,000 $196,150
2014 $2,595 $256,150 $60,000 $196,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10043835

Doorify MLS

APN: 0783.17-11-8126-000