NOT LISTED FOR SALE

824 Elizabeth Ave Wake Forest, NC 27587

Estimated Value: $403,000 - $445,363

-- Bed
3 Baths
2,400 Sq Ft
$177/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $312,000 $130 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,646/month

Highlights

  • Tile Flooring
  • Central Air
  • Heating System Uses Gas
  • Heritage Elementary School Rated A
  • Wood Siding

About This Home

As of October 2021

This single-story duplex is located in a great neighborhood north of Downtown Wake Forest. Both units are leased and feature attractive three-bedroom, two-bath floorplans. The roof was replaced in 2017. Unit 824 rents for $1066. Unit 826 rents for $1025.

Last Agent to Sell the Property

Thomas Furlow

Deaton Investment Real Estate License #222598 Listed on: 10/11/2021

Last Buyer's Agent

Jim Allen

Daughtry Realty License #126077

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,604

Year Built

  • Built in 1988

Parking

  • Off-Street Parking

Home Design

  • Wood Siding

Flooring

  • Carpet
  • Tile
  • Vinyl

Basement

  • Crawl Space

Schools

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

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $2,091

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,604

Year Built

Built in 1988

Lot Details

0

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
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Vinyl: Yes
  • Heating Gas Pack2: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Type: Wood Siding
  • Construction Materials:Wood Siding: Yes

Garage/Parking

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

Utilities

  • Heating: Gas Pack, 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: 2604.0
  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 2091.0

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Oct 12, 2021
Sold by
Nrgc Llc
Bought by
Rowson Paul
Seller's Agent
Thomas Furlow
Deaton Investment Real Estate
Buyer's Agent
Jim Allen
Daughtry Realty
List Price
$310,000
Sold Price
$312,000
Premium/Discount to List
$2,000
0.65%
Current Estimated Value
$425,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,091
Avg. Annual Appreciation
8.34%
Original Mortgage
$234,000
Outstanding Balance
$214,310
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$210,781

Purchase Details

Closed on
Feb 27, 2004
Sold by
Cooley Linda and Cooley Stanton
Bought by
Nrgc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2000
Sold by
Williams Stephen F
Bought by
Cooley Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,900
Interest Rate
8.29%

Purchase Details

Closed on
Oct 14, 1998
Sold by
Alford Kevin M
Bought by
Williams Stephen F and Williams Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,600
Interest Rate
6.8%
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
Rowson Paul $312,000 None Available
Nrgc Llc $140,000 --
Cooley Linda $137,000 --
Williams Stephen F $138,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rowson Paul $234,000
Previous Owner Nrgc Llc $112,000
Previous Owner Cooley Linda $122,900
Previous Owner Williams Stephen F $96,600
Previous Owner Alford Kevin M $99,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $312,000 -- --
10/12/2021 10/12/21 Sold $312,000 +0.6% $130 / Sq Ft
10/11/2021 10/11/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $310,000 -- $129 / 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
2024 $3,962 $407,145 $100,000 $307,145
2023 $2,761 $234,156 $40,000 $194,156
2022 $2,650 $234,156 $40,000 $194,156
2021 $2,604 $234,156 $40,000 $194,156
2020 $2,604 $234,156 $40,000 $194,156
2019 $1,949 $153,855 $32,000 $121,855
2018 $1,847 $153,855 $32,000 $121,855
2017 $1,786 $153,855 $32,000 $121,855
2016 $1,764 $153,855 $32,000 $121,855
2015 $1,921 $165,800 $40,000 $125,800
2014 $1,860 $165,800 $40,000 $125,800
Source: Public Records

Agents Affiliated with this Home

  • Thomas Furlow

    Seller's Agent in 2021

    Thomas Furlow

    Deaton Investment Real Estate

    (919) 847-1117

    7 in this area

    75 Total Sales

    Thomas Furlow
    Section Image
  • Jim Allen

    Buyer's Agent in 2021

    Jim Allen

    Daughtry Realty

    (919) 845-9909

    442 in this area

    4,871 Total Sales

    Jim Allen
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2413266

Doorify MLS

APN: 1841.11-75-2755-000

North Carolina Wake County Wake Forest 27587

824 Elizabeth Ave, Wake Forest, NC

This home is located at 824 Elizabeth Ave, Wake Forest, NC 27587 since 11 October 2021 and is currently estimated at $425,091, approximately $177 per square foot. This property was built in 1988. 824 Elizabeth Ave is a home located in Wake County with nearby schools including Heritage Elementary School, Heritage Middle School, and Wake Forest High School.

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