NOT LISTED FOR SALE

Estimated Value: $545,000

3 Beds
2 Baths
1,991 Sq Ft
$274/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $540,000 $271 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,367/month

36 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Heating Available
  • Oak Grove Elementary Rated A-
  • Private Driveway
  • 1-Story Property

About This Home

As of January 2025

Location...Location!!! Come explore the possibilities for your next investment! Conveniently located inside the beltline and approximately 200 yards from the bus stop. Fully renovated, clean and well maintained duplex. Each unit is approximately 1000 sq ft and contains 3 bedrooms / 2 baths. Located approximately 4 miles from downtown Raleigh and 1 mile from WakeMed and Raleigh Country Club. Each unit has parking in driveway and on street. Both units occupied: Unit 101-$1724/mo - expires 10/31/24 but will be renewing lease. Unit 102 - $1950/mo-expires 08/31/2025. Tenants are interested in extending lease to be agreed upon with potential buyer. Tenants pay their own utilities. This property is in extremely high demand and is competitively priced at a 7% Cap, based on detailed NOI. Buyer must purchase identical property next door at 623 Rawls. Buyer must grant seller temporary grading easements (for both 619 and 623 Rawls) and permanent stormwater easement (for 623 Rawls) for townhome development happening adjacent to property. Please confirm schools. No HOA.

Last Agent to Sell the Property

Nathan Becker

BIG Realty Company License #211930 Listed on: 09/05/2024

Last Buyer's Agent

Samuel Duncan

DASH Carolina License #306385

DASH Carolina

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,332

Year Built

  • Built in 2007

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • Private Driveway

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,991 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • The owner pays for taxes
  • 3 Month Lease Term
  • Assessor Parcel Number 1723265917

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,332

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Year Built: 2007
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1991.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Architectural Style Ranch: Yes
  • Foundation Details Slab: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • General Property Information Senior Community YN: No
  • Flooring Laminate: Yes
  • Roof:Shingle: Yes
  • General Property Information Spa YN: No
  • Contract Information Lease Term: 3 To 6 Months
  • General Property Information Above Grade Finished Area: 1991.0
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • General Property Information Lot Size Square Feet2: 10018.8
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Lot Size Acres: 0.23
  • General Property Information Stories2: 1
  • General Property Information:Living Area3: 1991.0
  • General Property Information Waterfront YN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Laminate
  • Private Spa: No
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Acres: 0.23
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: Driveway
  • Parking Features:Driveway: Yes
  • General Property Information:Open Parking YN2: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Zoning: R-6
  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 1723265917
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 3 To 6 Months
  • Owner Pays: Taxes

Tax Info

  • Tax Annual Amount: 3331.67
  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 2
  • Number Of Units Furnished: None

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2021
Sold by
Southern Purchasing Group Llc
Bought by
Prellco Corp
Current Estimated Value
$545,000

Purchase Details

Closed on
May 12, 2021
Sold by
Rental Homes Nc Inc
Bought by
Southern Purchasing Group Llc

Purchase Details

Closed on
Apr 1, 2017
Sold by
Bunn Kevin
Bought by
Rental Homes Nc Llc

Purchase Details

Closed on
Dec 28, 2007
Sold by
Crossbuilt Homes Llc
Bought by
Bunn Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,300
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2007
Sold by
Weaver Leon Cornell and Talton Myrtle W
Bought by
Crossbuilt Homes Llc

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
6.15%
Mortgage Type
Construction
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
Prellco Corp $153,000 None Available
Southern Purchasing Group Llc $305,000 None Available
Rental Homes Nc Llc -- None Available
Bunn Kevin $197,000 Title Company Of Nc
Crossbuilt Homes Llc $30,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bunn Kevin $177,300
Previous Owner Crossbuilt Homes Llc $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $540,000 -1.8% $271 / Sq Ft
10/12/2024 10/12/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $549,900 -- $276 / 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
2023 $2,314 $208,664 $40,000 $168,664
2022 $2,153 $208,664 $40,000 $168,664
2021 $2,070 $208,664 $40,000 $168,664
2020 $2,033 $208,664 $40,000 $168,664
2019 $1,975 $166,997 $40,000 $126,997
2018 $1,865 $166,997 $40,000 $126,997
2017 $1,777 $166,997 $40,000 $126,997
2016 $1,741 $166,997 $40,000 $126,997
2015 $2,041 $193,225 $32,000 $161,225
2014 $1,937 $193,225 $32,000 $161,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10050682

Doorify MLS

APN: 1723.10-26-6908-000