NOT LISTED FOR SALE

720 N Taylor St Wake Forest, NC 27587

Wake Forest Area

Estimated Value: $265,000 - $391,000

Studio
2 Baths
1,536 Sq Ft
$209/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2023

Last sale price $500,000 $326 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $1,926 / mo

3 Days on Market

Highlights

  • Window Unit Cooling System
  • Landscaped with Trees
  • Carpet
  • Heritage Elementary School Rated A
  • Baseboard Heating

About This Home

As of December 2023

Excellent investment potential: Two duplexes facing a common courtyard: 4 units total, each a 2 bedroom, 1 bath ranch style unit. Window ACs and baseboard heat-no $6000 central HVAC replacements needed, ever! City water and sewer so no well or septic problems. Simply outfitted with just stove and refrigerator yet these apartments rent quickly and stay rented. The last available unit rented in 3 days for $799, and likely could have rented for much more. Rent potential $3200+. Conveniently located near downtown Wake Forest, New metal roof in Nov. 2017. If you want an easy-to-rent property with predictable cash flow, this one may be for you! Adresses are 720, 722, 724 and 726 North Taylor Street.

Last Agent to Sell the Property

Mary H Gibbs

Alliance Properties of the Car License #74794 Listed on: 10/10/2023

Last Buyer's Agent

Jim Allen

Daughtry Realty License #126077

Daughtry Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,580

Year Built

  • Built in 1988

Lot Details

  • Cleared Lot
  • Landscaped with Trees

Parking

  • Off-Street Parking

Home Design

  • Masonite

Flooring

  • Carpet
  • Vinyl

Basement

  • Crawl Space

Schools

  • Heritage Elementary And Middle School
  • Wake Forest High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • 4 Units
  • Gross Income $2,449

Listing and Financial Details

  • 3 Month Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,580

Year Built

Built in 1988

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 1988
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Lot Features Hardwood Trees: Yes
  • Lot Features Partially Cleared: Yes
  • Flooring Vinyl: Yes
  • Contract Information Lease Term: 3 To 6 Months
  • General Property Information Carport YN: No
  • Cooling Window Unit(s): Yes
  • General Property Information Number Of Units Total3: 4.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Type: Masonite
  • Construction Materials:Masonite: Yes

Garage/Parking

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

Utilities

  • Heating: Baseboard, Electric
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Baseboard: Yes

Schools

  • Ninth Grade High School: Wake - Wake Forest
  • Middle Or Junior School: Wake - Heritage

Rental Info

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

Tax Info

  • Tax Annual Amount: 1580.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 2449.0

MLS Schools

  • Elementary School: Wake - Heritage

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
Oct 10, 2023
Closed on
Nov 29, 2023
Sold by
Bought by
Seller's Agent
Mary H Gibbs
Alliance Properties of the Car
Buyer's Agent
Jim Allen
Daughtry Realty
List Price
$500,000
Sold Price
$500,000
Views
17
Current Estimated Value
$320,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$179,173
Avg. Annual Appreciation
-15.74%
Original Mortgage
$187,500
Interest Rate
0.0779%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2005
Sold by
Bought by
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
$250,000 None Listed On Document
$198,000 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 $234,500
Closed $231,000
Closed $187,500
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
12/18/2023 12/18/23 Off Market $500,000 -- --
12/08/2023 12/08/23 Sold $500,000 0.0% $326 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $500,000 -- $326 / 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 $2,194 $216,908 $50,000 $166,908
2024 $2,186 $216,908 $50,000 $166,908
2023 $1,580 $132,536 $22,500 $110,036
2022 $1,517 $132,536 $22,500 $110,036
2021 $1,491 $132,536 $22,500 $110,036
2020 $1,491 $132,536 $22,500 $110,036
2019 $1,323 $103,383 $20,000 $83,383
2018 $1,254 $103,383 $20,000 $83,383
2017 $1,213 $103,383 $20,000 $83,383
2016 $0 $103,383 $20,000 $83,383
2015 -- $112,063 $26,000 $86,063
2014 -- $112,063 $26,000 $86,063
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mary H Gibbs

    Alliance Properties of the Car

    (919) 274-2900

    13 Total Sales

    Mary H Gibbs
    Section Image
  • Jim Allen

    Buyer's Agent in 2023

    Jim Allen

    Daughtry Realty

    (919) 873-3990

    1 in this area

    4,502 Total Sales

    Jim Allen
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2536531

Doorify MLS

APN: 1841.16-74-9399-000

North Carolina Wake County Wake Forest 27587

720 N Taylor St, Wake Forest, NC

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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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