NOT LISTED FOR SALE

Estimated Value: $334,000 - $446,000

Studio
2 Baths
1,756 Sq Ft
$209/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2023

Last sale price $375,000 $214 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,252 / mo

7 Days on Market

Highlights

  • Luxury Vinyl Tile Flooring
  • Central Air
  • Heat Pump System
  • Heritage Elementary School Rated A

About This Home

As of March 2023

This duplex, located just one mile north of downtown Wake Forest and the campus of Southeastern Baptist Theological Seminary, offers an excellent value-add opportunity in a highly-desirable location. The property is fully-leased with $2,190 in gross monthly rent, but rents could be increased with strategic improvements. Built in 1985, the one-story design features identical two-bedroom, one-bathroom floor plans. A new roof was installed in 2020. In 2021, unit 815 had new LVP flooring installed throughout and unit 817 had new LVP flooring installed in the kitchen and bathroom. Unit 815 rent is $1,095/mo with lease expiration 1/31/2024. Unit 817 rent is $1,095/mo with lease expiration 1/31/2024.

Last Agent to Sell the Property

Daniel Pouge

Deaton Investment Real Estate License #339670 Listed on: 02/21/2023

Co-Listed By

Thomas Furlow

Deaton Investment Real Estate License #222598

Last Buyer's Agent

Jennifer Decourcy

Choice Residential Real Estate License #207151

Choice Residential Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,923

Year Built

  • Built in 1985

Lot Details

  • 9,148

Parking

  • Off-Street Parking

Home Design

  • Slab Foundation
  • Masonite

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Luxury Vinyl Tile Flooring
  • 9,148 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,923

Year Built

Built in 1985

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Year Built: 1985
  • Prop. Type: Residential Income
  • Co List Office Phone: 919-847-1117
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Remarks and Miscellaneous Syndication Remarks2: This duplex, located just one mile north of downtown Wake Forest and the campus of Southeastern Baptist Theological Seminary, offers an excellent value-add opportunity in a highly-desirable location. The property is fully-leased with $2,190 in gross monthly rent, but rents could be increased with strategic improvements. Built in 1985, the one-story design features identical 2-bed/1-bath floor plans. A new roof was installed in 2020.
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • Owner Pays:Sewer2: Yes
  • General Property Information Lot Size Square Feet2: 9148.0
  • General Property Information Lot Size Acres: 0.21
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Luxury Vinyl

Exterior Features

  • Acres: 0.21
  • Construction Type: Masonite
  • Foundation Details: Slab
  • Construction Materials:Masonite: Yes

Garage/Parking

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

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 9148.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer

Tax Info

  • Tax Annual Amount: 1923.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Wake County Schools

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
Feb 21, 2023
Closed on
Mar 23, 2023
Sold by
Bought by
Seller's Agent
Daniel Pouge
Deaton Investment Real Estate
Buyer's Agent
Jennifer Decourcy
Choice Residential Real Estate
List Price
$360,000
Sold Price
$375,000
Premium/Discount to List
$15,000
4.17%
Views
101
Current Estimated Value
$367,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,785
Avg. Annual Appreciation
-0.63%
Original Mortgage
$300,000
Interest Rate
0.0632%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2019
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
$123,200
Interest Rate
0.036%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2017
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 1999
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
$120,000
Interest Rate
0.0672%
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
$375,000 --
-- None Listed On Document
-- None Available
$120,000 --
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 $300,000
Previous Owner $123,200
Previous Owner $120,000
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
12/14/2023 12/14/23 Off Market $375,000 -- --
03/31/2023 03/31/23 Sold $375,000 +4.2% $214 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/20/2023 02/20/23 For Sale $360,000 -- $205 / 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 $3,011 $304,156 $100,000 $204,156
2024 $3,000 $304,156 $100,000 $204,156
2023 $2,003 $168,944 $40,000 $128,944
2022 $1,923 $168,944 $40,000 $128,944
2021 $1,890 $168,944 $40,000 $128,944
2020 $1,890 $168,944 $40,000 $128,944
2019 $1,713 $134,852 $32,000 $102,852
2018 $624 $134,852 $32,000 $102,852
2017 $1,571 $134,852 $32,000 $102,852
2016 $1,551 $134,852 $32,000 $102,852
2015 $1,686 $145,068 $40,000 $105,068
2014 $1,633 $145,068 $40,000 $105,068
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2495866

Doorify MLS

APN: 1841.11-65-7846-000

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