508 Phelps Ave
Raleigh, NC 27607 (University)
Contact For Estimate

508 Phelps Ave
Raleigh, NC 27607

(University)
  • 4,801 sqft
  • 0.63 acres lot size
  • Income/Investment
Off Market · Public Record
Contact For Estimate
508 Phelps Ave
  • 1
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  • 1 Elementary School

    1 Middle School

    1 High School

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  • Lowest crime relative to the rest of Wake county.

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  • 88% of residents commute by car.

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  • 97 Restaurants

    5 Grocery stores

    24 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Income/Investment
  • Built in 1949
  • 0.63 acres lot size
  • 4,801 sqft
Description

This property is no longer available to rent or buy. This description is from December 22, 2011
This all-brick building features six, 2 BD/1 BA apartments. Located near Cameron Village, Hillsborough Street and NC State University, these apartments are ideally suited for students and young professionals. The building sits on a .63 acre parcel which could be subdivided into four (maybe five) lots.

Price History
Date
Price
Event

02/24/2012
$498,000
Sold
Recording Date
02/24/2012
Contract Date
02/24/2012
Sale Price
$498,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
N/A
Total Transfer Tax
$996
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

03/11/2004
$385,000
Sold
Recording Date
03/11/2004
Contract Date
03/11/2004
Sale Price
$385,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
N/A
Total Transfer Tax
$770
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

04/14/1999
$360,000
Sold
Recording Date
04/14/1999
Contract Date
04/08/1999
Sale Price
$360,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
N/A
Total Transfer Tax
$720
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

Property Taxes and Assessment
Year
2017
Tax
$5,645.34
Assessments
$542,338
Land
$240,000
Improvements
$302,338
Total
$542,338
Market Value
N/A

Price Trends
Real Estate Trends
Average Listing Price for 27607
$787,072
104% above sold price
Median Sale Price for 27607
$440,000
14% above sold price
Average Sale price/sqft for 27607
$192/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
1.34
Multi-Family
$655,000
07/21/17
-
3.5
2,720
1.59
Multi-Family
$520,000
11/08/17
-
-
4,088
2.07
Multi-Family
$650,000
08/22/17
-
-
31,548
0.9
Multi-Family
$843,500
08/07/17
-
2.5
3,300
1.4
Multi-Family
$560,000
08/18/17
-
-
4,032
1.12
Multi-Family
$870,000
06/09/17
-
3
3,720
1.39
Multi-Family
$570,000
10/31/17
-
-
4,088
5.74
Multi-Family
$536,000
09/19/17
-
-
2,294
1.41
Multi-Family
$570,000
10/31/17
-
-
4,088
3
Multi-Family
$525,000
10/27/17
-
3
2,239

Contact Info


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