NOT LISTED FOR SALE

5540 Kaplan Dr Raleigh, NC 27606

West Raleigh Neighborhood

Estimated Value: $424,000 - $637,000

Studio
3 Baths
2,546 Sq Ft
$207/Sq Ft Est. Value

Sale Details

Date Sold: October 4, 2022

Last sale price $455,000 $179 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,183 / mo

57 Days on Market

Highlights

  • Fireplace
  • Carpet
  • Heating Available
  • Central Air

About This Home

As of October 2022

Great investment opportunity!! Unit A water heater replaced 10Aug2022. Tenants on yearly lease. Each unit has 3 bedrooms and 2.5 baths with each Owners Bdrm having private bath and walk-in closet. Secondary Bdrm's have shared bath. Excellent location being close to NC State, Lake Johnson, I40/Rte 1/Rte 64, Raleigh Farmers Market, and downtown Raleigh.

Last Agent to Sell the Property

Tim Holmes

Long & Foster Real Estate INC/Raleigh License #226461 Listed on: 07/11/2022

Long & Foster Real Estate INC/Raleigh

Co-Listed By

Cindy Holmes

Long & Foster Real Estate INC/Raleigh License #251396

Last Buyer's Agent

Hunter Cutright

EXP Realty LLC License #293884

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,050

Year Built

  • Built in 1984

Lot Details

  • 0.33

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • Fireplace
  • Crawl Space

Flooring

  • Carpet
  • Laminate
  • Vinyl

Schools

  • Dillard Elementary And Middle School
  • Athens Dr High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • 2 Units
  • Athena Woods Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,050

Year Built

Built in 1984

Lot Details

0.33 Acres

Listing Details

  • Year Built: 1984
  • Prop. Type: Residential Income
  • Co List Office Phone: 919-847-2511
  • Subdivision Name: Athena Woods
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Carpet: Yes
  • Flooring Vinyl: Yes
  • Flooring Laminate: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Vinyl
  • Basement: Crawl Space
  • Basement:Crawl Space: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

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

Utilities

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

Schools

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

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 3050.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Wake - Dillard

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
Jul 11, 2022
Closed on
Oct 3, 2022
Sold by
Bought by
Seller's Agent
Tim Holmes
Long & Foster Real Estate INC/Raleigh
Buyer's Agent
Hunter Cutright
EXP Realty LLC
List Price
$499,000
Sold Price
$455,000
Premium/Discount to List
-$44,000
-8.82%
Current Estimated Value
$528,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,195
Avg. Annual Appreciation
4.08%

Purchase Details

Closed on
Jan 15, 2020
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
$233,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2010
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
$116,175
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2005
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
$155,200
Interest Rate
6.62%
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
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

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
$455,000 --
$325,000 Meridian Title
$155,000 None Available
$194,000 --
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
Previous Owner $233,750
Previous Owner $116,175
Previous Owner $155,200
Closed $38,800
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
12/14/2023 12/14/23 Off Market $455,000 -- --
10/04/2022 10/04/22 Sold $455,000 -8.8% $179 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/12/2022 09/12/22 For Sale $499,000 0.0% $196 / Sq Ft
09/11/2022 09/11/22 Pending -- -- --
09/08/2022 09/08/22 Price Changed $499,000 -5.0% $196 / Sq Ft
08/20/2022 08/20/22 Price Changed $525,000 -4.5% $206 / Sq Ft
07/17/2022 07/17/22 For Sale $550,000 -- $216 / 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 $4,019 $456,251 $128,000 $328,251
2024 $4,003 $456,251 $128,000 $328,251
2023 $3,280 $297,203 $85,000 $212,203
2022 $3,049 $297,203 $85,000 $212,203
2021 $2,932 $297,203 $85,000 $212,203
2020 $2,879 $297,203 $85,000 $212,203
2019 $1,948 $164,624 $46,750 $117,874
2018 $1,839 $164,624 $46,750 $117,874
2017 $1,753 $164,624 $46,750 $117,874
2016 $1,717 $164,624 $46,750 $117,874
2015 $2,119 $200,746 $54,400 $146,346
2014 $2,011 $200,746 $54,400 $146,346
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Tim Holmes

    Long & Foster Real Estate INC/Raleigh

    (919) 414-7759

    1 in this area

    12 Total Sales

    Tim Holmes
    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Cindy Holmes

    Long & Foster Real Estate INC/Raleigh

    Section Image
  • Hunter Cutright

    Buyer's Agent in 2022

    Hunter Cutright

    EXP Realty LLC

    (919) 737-5990

    3 in this area

    300 Total Sales

    Hunter Cutright
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2461451

Doorify MLS

APN: 0783.10-36-7101-000

North Carolina Wake County Raleigh 27606 West Raleigh

5540 Kaplan Dr, Raleigh, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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