Seller's Agent in 2024
Michael Newport
Mallard Realty Group
(919) 747-1950
145 Total Sales
7 Ratcale Ln Durham, NC 27705
Estimated Value: $274,000 - $481,502
4
Beds
2
Baths
2,277
Sq Ft
$174/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- No HOA
- Transitional Architecture
- Attic
- Cul-De-Sac
About This Home
As of August 2024OFFER DEADLINE SET FOR SATURDAY JULY 27TH AT 12PM. Rare investment opportunity in amazing location next to Duke Hospital and VA! This property features two units with each offering 2 bed/1 full bath, living room, kitchen, and laundry space. Recent updates include new roof (2024), new windows (2024), new water heater (2022), new HVAC (2021). Hardwood floors throughout both units, tile flooring in upper level kitchen & bath, newly built deck overlooking a fully fenced backyard. Property is currently recorded as a single family dwelling- seller will take no corrective steps. There is only 1 meter and 1 address for the home. One HVAC, one water heater. Owner had been getting $1500 per unit per month ($3000 total per month)
Last Agent to Sell the Property
Mallard Realty Group License #271928 Listed on: 07/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,153
Year Built
- Built in 1985
Lot Details
- 0.29 Acre Lot
- Cul-De-Sac
- Wood Fence
- Back Yard Fenced
Parking
- Private Driveway
Home Design
- Duplex
- Transitional Architecture
- Brick Veneer
- Slab Foundation
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Unfinished Attic
Kitchen
- Electric Range
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Exterior Basement Entry
- Apartment Living Space in Basement
Outdoor Features
- Deck
- Rain Gutters
- Front Porch
Schools
- Forest View Elementary School
- Brogden Middle School
- Riverside High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- The owner pays for insurance, taxes
- Assessor Parcel Number 104572
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2024
Closed on
Aug 7, 2024
Sold by
Muirhead Charles A and Wu Jade
Bought by
Jad Real Estate Investment Llc
Seller's Agent
Michael Newport
Mallard Realty Group
Buyer's Agent
Eddie Alie
Allen Tate/Raleigh-Glenwood
List Price
$350,000
Sold Price
$405,000
Premium/Discount to List
$55,000
15.71%
Views
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,624
Avg. Annual Appreciation
-1.95%
Purchase Details
Closed on
Sep 27, 2017
Sold by
Citylink Real Estate Solutions Llc
Bought by
Muirhead Charies A and Wu Jade
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,200
Interest Rate
3.78%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 17, 2017
Sold by
Umstead Lorraine and Morales Hugo
Bought by
Citylink Real Estate Solutions Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,500
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 20, 1998
Sold by
Pipkin Roseline
Bought by
Umstead Lorraine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,949
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jad Real Estate Investment Llc | $405,000 | None Listed On Document | |
| Muirhead Charies A | $169,000 | None Available | |
| Citylink Real Estate Solutions Llc | $122,500 | None Available | |
| Umstead Lorraine | $75,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Muirhead Charies A | $135,200 | |
| Previous Owner | Citylink Real Estate Solutions Llc | $123,500 | |
| Previous Owner | Umstead Lorraine | $74,949 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | Sold | $405,000 | +15.7% | $178 / Sq Ft |
| 07/27/2024 07/27/24 | Pending | -- | -- | -- |
| 07/24/2024 07/24/24 | For Sale | $350,000 | -- | $154 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $3,744 | $377,713 | $177,375 | $200,338 |
| 2024 | $2,293 | $164,369 | $44,975 | $119,394 |
| 2023 | $2,153 | $164,369 | $44,975 | $119,394 |
| 2022 | $2,104 | $164,369 | $44,975 | $119,394 |
| 2021 | $2,094 | $164,369 | $44,975 | $119,394 |
| 2020 | $2,266 | $182,190 | $44,975 | $137,215 |
| 2019 | $2,266 | $182,190 | $44,975 | $137,215 |
| 2018 | $2,106 | $155,235 | $24,093 | $131,142 |
| 2017 | $2,090 | $155,235 | $24,093 | $131,142 |
| 2016 | $2,020 | $155,235 | $24,093 | $131,142 |
| 2015 | $1,492 | $107,753 | $20,111 | $87,642 |
| 2014 | $1,492 | $107,753 | $20,111 | $87,642 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Newport
-
Eddie Alie
Buyer's Agent in 2024
Eddie Alie
Allen Tate/Raleigh-Glenwood
(919) 931-8000
147 Total Sales
-
Siobhan Finnamore
Buyer Co-Listing Agent in 2024
Siobhan Finnamore
Allen Tate/Raleigh-Glenwood
(919) 398-5288
123 Total Sales
Map
Source: Doorify MLS
MLS Number: 10043053
APN: 104572
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