NOT LISTED FOR SALE

822 Chamberlain St Raleigh, NC 27607

University Park Neighborhood

Estimated Value: $779,000

-- Bed
-- Bath
3,300 Sq Ft
$236/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $700,000 $212 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,024/month

3 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Heating System Uses Natural Gas
  • Olds Elementary School Rated A
  • Central Air

About This Home

As of November 2021

Location Location This corner lot is an income producing property. Rents well, close to Cameron Village/Hillsborough St. and NCSU. The 2 upper units have updates in kitchen and bath. Hardwood floors & brick exterior. The 2419 Mayview Rd address (Unit 3). Needs work to be habitable, can be completed or turned into two units, which will provide a positive cash flow. Potential to increase rent.

Last Agent to Sell the Property

Jaffar Al Haddad

Best Investment Realty License #333143 Listed on: 09/30/2021

Last Buyer's Agent

Marshall Rich

Rich Realty Group License #189551

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,229

Year Built

  • Built in 1959

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Fireplace
  • Wood Flooring

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Forest Hills Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,229

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Year Built: 1959
  • Prop. Type: Residential Income
  • Subdivision Name: Forest Hills
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 3.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood

Exterior Features

  • Construction Type: Brick
  • Foundation Details: Slab
  • Construction Materials:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Information:Parking Total: 2.0

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

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

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 4229.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Nov 1, 2021
Sold by
Safe Endeavor Properties Llc
Bought by
Colanco Development Llc
Seller's Agent
Jaffar Al Haddad
Best Investment Realty
Buyer's Agent
Marshall Rich
Rich Realty Group
List Price
$620,000
Sold Price
$700,000
Premium/Discount to List
$80,000
12.9%
Current Estimated Value
$779,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,000
Original Mortgage
$525,000
Outstanding Balance
$488,428
Interest Rate
3.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 9, 2021
Sold by
Shallal Jefferson
Bought by
Safe Endeavors Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
2.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2004
Sold by
Shallal Jefferson J
Bought by
Furocious Muscle Llc

Purchase Details

Closed on
Oct 30, 2003
Sold by
New Age Realty Llc
Bought by
Shallal Jefferson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2002
Sold by
Cutlip Jeffrey Louis
Bought by
New Age Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.49%
Source: Public Records

Range of Values:

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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
Colanco Development Llc $700,000 None Available
Safe Endeavors Properties Llc $550,000 None Available
Furocious Muscle Llc -- --
Shallal Jefferson $365,000 --
New Age Realty Llc $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colanco Development Llc $525,000
Previous Owner Safe Endeavors Properties Llc $448,000
Previous Owner Shallal Jefferson J $311,250
Previous Owner Shallal Jefferson $320,000
Previous Owner New Age Realty Llc $320,000
Closed New Age Realty Llc $41,500
Closed Shallal Jefferson $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $700,000 -- --
11/05/2021 11/05/21 Sold $700,000 +12.9% $212 / Sq Ft
10/03/2021 10/03/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $620,000 -- $188 / 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
2021 $4,229 $428,421 $345,000 $83,421
2020 $4,152 $428,421 $345,000 $83,421
2019 $4,260 $362,416 $225,000 $137,416
2018 $0 $362,416 $225,000 $137,416
2017 $3,830 $362,416 $225,000 $137,416
2016 $3,752 $362,416 $225,000 $137,416
2015 $2,868 $271,208 $153,920 $117,288
2014 $2,723 $271,208 $153,920 $117,288
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jaffar Al Haddad

    Best Investment Realty

    (919) 561-9111

    2 in this area

    38 Total Sales

    Jaffar Al Haddad
    Section Image
  • Marshall Rich

    Buyer's Agent in 2021

    Marshall Rich

    Rich Realty Group

    (919) 697-5320

    16 in this area

    133 Total Sales

    Marshall Rich
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2411023

Doorify MLS

APN: 0794.12-95-3295-000

North Carolina Wake County Raleigh 27607 University Park

822 Chamberlain St, Raleigh, NC

This home is located at 822 Chamberlain St, Raleigh, NC 27607 since 30 September 2021 and is currently priced at $779,000, approximately $236 per square foot. This property was built in 1959. 822 Chamberlain St is a home located in Wake County with nearby schools including Olds Elementary School, Leroy Martin Magnet, and Broughton Magnet High School.

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