623 Rawls Dr Raleigh, NC 27610
King Charles Neighborhood
3
Beds
2
Baths
1,991
Sq Ft
10,454
Sq Ft Lot
Highlights
- Cooling Available
- Private Driveway
- 1-Story Property
- Oak Grove Elementary Rated A-
- Heating Available
About This Home
As of February 2025Location...Location!!! Come explore the possibilities for your next investment! Convieniently located inside the beltline and approximately 200 yards from bus stop. Renovated, clean and well maintained duplex. Each unit is approximately 1000 sq ft and contains 3 bedrooms / 2 baths. Located approximately 4 miles from downtown Raleigh and 1 mile from WakeMed and Raleigh Country Club. Each unit has parking in driveway and on street. Both units occupied: Unit 101-$1850/mo - expires 6/30/2027 (with increase to $1910 on 7/1/25 and $1975 on 7/1/26). Unit 102 - $1850/mo-expires 8/31/2025. Tenants want to extend their leases and will be discussed ideal situation with potential buyer. Tenants pay their own utilities. This property is in extremely high demand and realizes a 7% Cap Rate. Looking for a buyer that will purchase this similar property next door at 619 Rawls. Buyer must grant seller temporary grading easements (for both 619 and 623 Rawls) and permanent stormwater easement (for 623 Rawls) for townhome development happening adjacent to property. Please confirm schools. No HOA.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,332
Year Built
- Built in 2007
Lot Details
- 10,454 Sq Ft Lot
Home Design
- Slab Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,991 Sq Ft Home
- 1-Story Property
- Laminate Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- Private Driveway
- 2 Open Parking Spaces
Schools
- Wake County Schools Elementary And Middle School
- Wake County Schools High School
Utilities
- Cooling Available
- Heating Available
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for taxes
- Assessor Parcel Number 1723265920
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | Sold | $540,000 | -1.8% | $271 / Sq Ft |
| 10/12/2024 10/12/24 | Pending | -- | -- | -- |
| 09/05/2024 09/05/24 | For Sale | $549,900 | -- | $276 / Sq Ft |
Source: Doorify MLS
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 |
|---|---|---|---|---|
| 2023 | $2,314 | $208,664 | $40,000 | $168,664 |
| 2022 | $2,153 | $208,664 | $40,000 | $168,664 |
| 2021 | $2,070 | $208,664 | $40,000 | $168,664 |
| 2020 | $2,033 | $208,664 | $40,000 | $168,664 |
| 2019 | $1,975 | $166,997 | $40,000 | $126,997 |
| 2018 | $1,865 | $166,997 | $40,000 | $126,997 |
| 2017 | $1,777 | $166,997 | $40,000 | $126,997 |
| 2016 | -- | $166,997 | $40,000 | $126,997 |
| 2015 | $2,041 | $193,225 | $32,000 | $161,225 |
| 2014 | $1,937 | $193,225 | $32,000 | $161,225 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $177,300 | Purchase Money Mortgage | |
| Previous Owner | $150,000 | Construction |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $430,000 | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Trustee Deed | $145,000 | None Available | |
| Warranty Deed | $197,000 | Title Company Of Nc | |
| Warranty Deed | $30,000 | None Available |
Source: Public Records
Similar Homes in Raleigh, NC
Source: Doorify MLS
MLS Number: 10050679
APN: 1723.10-26-6900-000
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