NOT LISTED FOR SALE

587 E Cabarrus St Raleigh, NC 27601

Olde East Raleigh Neighborhood

Estimated Value: $542,000 - $661,000

3 Beds
2.5 Baths
1,256 Sq Ft
$477/Sq Ft Est. Value

Last Sold June 16, 2021

Last sale price $480,000 $382 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,511/month

Highlights

  • Deck
  • Wood Flooring
  • No HOA
  • Hunter Elementary School Rated A
  • Granite Countertops
  • Walk-In Closet

About This Home

As of February 2024

Downtown Raleigh living at it's finest!!! This beautiful 3 bedroom 2.5 bath home with fenced in backyard is an absolute must see. Originally built in 1915 and completely restored in 2016 this house has everything you need to make it your next home!!! Available for immediate move in and located just a few minute walk/bike/scoot or drive from Downtown Raleigh. Major shopping, dining, entertainment and road access have you at the heart of it all!!! This home simply will not last long so call today!!!

Last Agent to Rent the Property

abby vaughn

Oak City Properties License #348738 Listed on: 11/07/2023

Last Renter's Agent

abby vaughn

Oak City Properties License #348738 Listed on: 11/07/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1915

Lot Details

  • 2,614

Interior Spaces

  • 1,256 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Parking

  • Private Driveway
  • On-Street Parking

Outdoor Features

  • Deck

Schools

  • Hunter Elementary School

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • Park Phone (919) 232-9222

Listing and Financial Details

  • Security Deposit $2,200
  • Property Available on 11/7/23
  • Tenant pays for water

Home Details

Home Type

Single Family

Year Built

Built in 1915

Lot Details

0

Rental Info

  • Tenant Pays: Water, Other
  • Lease Term: Other
  • Available Date: 2023-11-07

Listing Details

  • Year Built: 1915
  • Prop. Type: Residential Lease
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1256.0
  • Unit Levels: Two
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Levels Two: Yes
  • Room Types Dining Room2: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Flooring Wood: Yes
  • Contract Information Lease Term: Other
  • Contract Information Availability Date: 2023-11-07
  • Contract Information Security Deposit2: 2200.0
  • General Property Information Above Grade Finished Area: 1256.0
  • Contract Information ManagerOwner Phone: 919-232-9222
  • Room Types Laundry2: Yes
  • Pets Allowed Yes2: Yes
  • General Property Information:Living Area3: 1256.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Wood
  • Interior Amenities: Granite Counters, Pantry, Walk-In Closet(s)
  • Appliances: Microwave, Oven, Range, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances Range: Yes
  • Appliances:Oven: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, On Street
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

MLS Schools

  • Elementary School: Wake - Hunter

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2023
Sold by
Ni Mike and Ni Yun
Bought by
Maple Investment Ii Llc
Current Estimated Value
$598,843

Purchase Details

Listed on
Apr 29, 2021
Closed on
May 24, 2021
Sold by
Craig Colin Andrew and Craig Valerie Jane
Bought by
Ni Mike and Ni Yun
Seller's Agent
Norman Johnson
NorthGroup Real Estate, Inc.
Buyer's Agent
Kathryn MacKinnon
Better Homes & Gardens Real Es
List Price
$465,000
Sold Price
$480,000
Premium/Discount to List
$15,000
3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
Jul 21, 2016
Sold by
Telegraph Rd Properties Llc
Bought by
Craig Colin Andrew and Craig Valerie Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,600
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2007
Sold by
Mason Kenneth E and Mason Nargretta S
Bought by
Zande Leasing Co Llc
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
Maple Investment Ii Llc -- None Listed On Document
Ni Mike $480,000 None Available
Craig Colin Andrew $313,500 None Available
Zande Leasing Co Llc $49,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Craig Colin Andrew $265,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2024 02/16/24 Rented $2,200 0.0% --
01/10/2024 01/10/24 Under Contract -- -- --
12/27/2023 12/27/23 Price Changed $2,200 0.0% $2 / Sq Ft
12/15/2023 12/15/23 Off Market $480,000 -- --
12/02/2023 12/02/23 Price Changed $2,300 -6.1% $2 / Sq Ft
11/07/2023 11/07/23 For Rent $2,450 0.0% --
06/16/2021 06/16/21 Sold $480,000 +3.2% $372 / Sq Ft View Prior Sale
05/02/2021 05/02/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $465,000 -- $361 / 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 $4,370 $498,739 $270,000 $228,739
2024 $4,352 $498,739 $270,000 $228,739
2023 $4,270 $389,883 $157,500 $232,383
2022 $3,968 $389,883 $157,500 $232,383
2021 $3,814 $389,883 $157,500 $232,383
2020 $3,744 $389,883 $157,500 $232,383
2019 $3,113 $266,885 $48,000 $218,885
2018 $2,936 $266,885 $48,000 $218,885
2017 $2,796 $266,885 $48,000 $218,885
2016 $0 $73,844 $60,000 $13,844
2015 -- $49,619 $22,400 $27,219
2014 $507 $49,619 $22,400 $27,219
Source: Public Records

Agents Affiliated with this Home

  • a

    Landlord's Agent in 2024

    abby vaughn

    Oak City Properties

    (203) 415-8001

    2 Total Sales

    abby vaughn
    Section Image

  • N

    Seller's Agent in 2021

    Norman Johnson

    NorthGroup Real Estate, Inc.

    Section Image
  • Kathryn MacKinnon

    Buyer's Agent in 2021

    Kathryn MacKinnon

    Better Homes & Gardens Real Es

    (919) 770-8749

    1 in this area

    90 Total Sales

    Kathryn MacKinnon
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2540986

Doorify MLS

APN: 1713.09-06-1849-000

North Carolina Wake County Raleigh 27601 Olde East Raleigh

587 E Cabarrus St, Raleigh, NC

Not Listed for Sale

Detached

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