NOT LISTED FOR SALE

5624 Thea Ln Unit A & B Raleigh, NC 27606

West Raleigh Neighborhood

Estimated Value: $489,000 - $556,646

Studio
5 Baths
2,566 Sq Ft
$203/Sq Ft Est. Value

Sale Details

Date Sold: January 30, 2023

Last sale price $475,000 $185 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,199 / mo

21 Days on Market

Highlights

  • Wooded Lot
  • Forced Air Heating and Cooling System
  • Carpet
  • Fireplace

About This Home

As of January 2023

Investor Alert! Duplex with 3 Bedrooms, 2.5 Baths in each unit! Each unit has 1283 square feet. Excellent location just minutes to NC State, Shopping, Dining, Downtown Raleigh, Major Road and Interstates, RTP and Airport! Both units are currently rented. Unit A - Lease expires 02/28/2023 and rent is 1150/month Unit B - Bi-Monthly Lease with 69 day written notice to vacate and rent is $1200/month. Only Unit A is being shown between the hours of 12pm and 4pm.

Last Agent to Sell the Property

Jim Allen

Coldwell Banker HPW License #126077 Listed on: 12/02/2022

Coldwell Banker HPW

Last Buyer's Agent

Andrew Kensmoe

Coldwell Banker HPW License #342250

Coldwell Banker HPW

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,619

Year Built

  • Built in 1982

Parking

  • Off-Street Parking

Home Design

  • Masonite

Interior Spaces

  • Fireplace
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Schools

  • Dillard Elementary And Middle School
  • Athens Dr High School

Additional Features

  • Wooded Lot
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units
  • Athena Woods Subdivision

Listing and Financial Details

  • 3 Month Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,619

Year Built

Built in 1982

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 1982
  • Prop. Type: Residential Income
  • 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
  • Flooring Carpet: Yes
  • Flooring Vinyl: Yes
  • General Property Information Senior Community YN: No
  • Contract Information Lease Term: 3 To 6 Months
  • 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, Vinyl
  • Basement: Crawl Space
  • Basement:Crawl Space: Yes

Exterior Features

  • Construction Type: Masonite
  • Lot Features:Wooded: Yes
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Zoning: R-6

Rental Info

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

Tax Info

  • Tax Annual Amount: 2619.0
  • Tax Year: 2022
  • Tax Map Number: DB 13251 | PG 1184

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
Dec 2, 2022
Closed on
Jan 19, 2023
Sold by
Bought by
Seller's Agent
Jim Allen
Coldwell Banker HPW
Buyer's Agent
Andrew Kensmoe
Coldwell Banker HPW
List Price
$500,000
Sold Price
$475,000
Premium/Discount to List
-$25,000
-5%
Views
394
Current Estimated Value
$519,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,662
Avg. Annual Appreciation
2.59%
Original Mortgage
$356,250
Outstanding Balance
$342,769
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$176,893

Purchase Details

Closed on
Sep 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
$138,750
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 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
$138,750
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in West Raleigh, NC

  • Kelly Cherry Real Estate Agent - Keller Williams Preferred Realty

    Kelly Cherry

    Keller Williams Preferred Realty

    (888) 364-6563

    121 Total Sales

    2 in West Raleigh

    $541K - $650K Price Range

    Kelly Cherry
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  • Mancy Malek Real Estate Agent - Robbins and Associates Realty

    Mancy Malek

    Responds Quickly

    Robbins and Associates Realty

    (919) 504-5520

    23 Total Sales

    2 in West Raleigh

    $137K - $160K Price Range

    Mancy Malek
     Section Image
  • Erica Sizemore Real Estate Agent - Keller Williams Realty

    Erica Sizemore

    Responds Quickly

    Keller Williams Realty

    (844) 741-4560

    247 Total Sales

    1 in West Raleigh

    $560,000 Price

    Erica Sizemore
     Section Image
  • Tammy Williams Real Estate Agent - Coldwell Banker Advantage

    Tammy Williams

    Responds Quickly

    Coldwell Banker Advantage

    (919) 655-0460

    46 Total Sales

    1 in West Raleigh

    $189,000 Price

    Tammy Williams
     Section Image
  • Alex Rivers Real Estate Agent - Imagination Homes LLC

    Alex Rivers

    Imagination Homes LLC

    (833) 702-4203

    83 Total Sales

    1 in West Raleigh

    $620,000 Price

    Alex Rivers
     Section Image
  • Doro Taylor Real Estate Agent - CityGate Real Estate Services,

    Doro Taylor

    CityGate Real Estate Services,

    (833) 569-4419

    48 Total Sales

    5 in West Raleigh

    $325K - $545K Price Range

    Doro Taylor
     Section Image
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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
$475,000 --
-- None Available
$185,000 None Available
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
Open $356,250
Previous Owner $138,750
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
01/30/2023 01/30/23 Sold $475,000 -5.0% $185 / Sq Ft
12/23/2022 12/23/22 Pending -- -- --
12/02/2022 12/02/22 For Sale $500,000 -- $195 / 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 $4,112 $466,931 $128,000 $338,931
2024 $4,095 $466,931 $128,000 $338,931
2023 $2,725 $246,285 $85,000 $161,285
2022 $2,620 $254,847 $85,000 $169,847
2021 $2,520 $254,847 $85,000 $169,847
2020 $2,474 $254,847 $85,000 $169,847
2019 $1,966 $166,180 $46,750 $119,430
2018 $1,856 $166,180 $46,750 $119,430
2017 $1,769 $166,180 $46,750 $119,430
2016 $1,733 $166,180 $46,750 $119,430
2015 $1,855 $175,280 $54,400 $120,880
2014 -- $175,280 $54,400 $120,880
Source: Public Records

Agents Affiliated with this Home

  • Jim Allen Real Estate Agent - Coldwell Banker HPW

    Seller's Agent in 2023

    Jim Allen

    Coldwell Banker HPW

    (919) 873-3990

    10 in this area

    4,487 Total Sales

    Jim Allen
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  • A

    Buyer's Agent in 2023

    Andrew Kensmoe

    Coldwell Banker HPW

    (910) 442-8381

    1 in this area

    2 Total Sales

    Andrew Kensmoe
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Map

Source: Doorify MLS

MLS Number: 2485939

Doorify MLS

APN: 0783.10-35-1716-000

North Carolina Wake County Raleigh 27606 West Raleigh

5624 Thea Ln Unit A & B, 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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