623 Rawls Drive

Closed 2/14/25

Sold

Last Sold Price

$540,000

3 beds2 baths1,991 sqft

623 Rawls Dr, Raleigh, NC 27610

Multi FamilyProperty Type

0.24 acresLot Size

2007Year Built

$271/sq ftPrice per sq ft

2 carsParking Spaces

Description

Location... 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...Location... 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.

Listed by: Nathan Becker 919.889.0059 nathan@bigrealtyco.com Brokerage DRE #C19599 • BIG Realty Company

Listing closed: 02/14/2025 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10050679

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Location

Listing Courtesy of BIG Realty Company

Sold By Hodge & Kittrell Sotheby's Int

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$3,160 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,883

Property Taxes

$278

HOA Dues

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Property Information for 623 Rawls Drive

Property Details

Taxes: $3,332 / year
MLS Type: Residential Income / Duplex
County: Wake County
Zoning Description: R-6
Subdivision: Not in a Subdivision

Building Information

Stories: 1
Residences: 2
Year Built: 2007
Lot Size: 0.24 AC / 10,454 SF

Summary

Location and General Information

Zoning: R-6
Subdivision Name: Not in a Subdivision

Latitude: 35.774044
Longitude: -78.586773

Taxes and HOA Information

Tax Annual Amount: $3,331.62
City Limits Of: Raleigh

Has City Limits: Yes
Lot Number: 7
Has Restrictive Covenants: No

Contract Information

Has Comp Sale: No
Lease Expiration Date: 2025-06-30

Original MLS: Triangle MLS Inc
Has Property Leased: Yes
Due Diligence Expiration Date: 2024-12-31

School Information

Elementary School: Wake County Schools
Elementary School 2: Wake County Schools

Middle Or Junior School: Wake County Schools
High School: Wake County Schools

Parking

Open Parking Spaces: 2.0
Open Parking: Yes

Parking Features: Driveway
Carport: No
Garage: No

Property

Lot Information

Building Area Total: 1991.0
Total Other Area Sq Ft: 0.0

Number Of Buildings: 1
Parcel Number: 1723265920
Sold PriceList Price: 0.98

Property and Assessments

New Construction: No
Above Grade Finished Area Source: Public Records

Below Grade Finished Area Source: Public Records
Senior Community: No

Utilities

Sewer: Public Sewer
Water Source: Public

Interior and Exterior Features

Exterior Features

Construction Materials: Vinyl Siding
Foundation Details: Slab

Roof: Shingle
New Construction Type: Vinyl Siding

Interior Features

Levels: One
Stories: 1

Has Fireplace: No
Flooring: Laminate
Cooling: Electric
Has Cooling: Yes
Heating: Electric
Has Heating: Yes
Spa: No

Multi Family

Multi Family Information

Total Units: 2

Unit Information

Unit 1

Baths Total: 2.0
Actual Rent: $1,850.00

Beds Total: 3.0
Features: Dishwasher, Range, Refrigerator

Unit 2

Baths Total: 2.0
Beds Total: 3.0

Features: Dishwasher, Living Room, Range, Refrigerator

Rental

Rental Information

Lease Term: 12 Months

Property History for 623 Rawls Drive

Date	Event & Source	Price	Appreciation
Feb 14, 2025	Sold Doorify MLS (fka Triangle MLS) #10050679	$540,000	—
Feb 13, 2025	Sold (Public Record) Public Record #1550712417	$540,000	+9.4% / yr
Oct 13, 2024	Pending Doorify MLS (fka Triangle MLS) #10050679		—
Sep 5, 2024	Listed (Active) Doorify MLS (fka Triangle MLS) #10050679	$549,900	—
Aug 1, 2022	Sold (Public Record) Public Record #1494920286	$430,000	+5.5% / yr
Feb 6, 2008	Sold (Public Record) Public Record #232386574	$197,000	—
Feb 6, 2008	Sold Doorify MLS (fka Triangle MLS) #965594	$197,000	—
Feb 6, 2008	Sold AMLS #965594	$197,000	—
Feb 1, 2008	Expired Doorify MLS (fka Triangle MLS) #928907	$199,900	—
Feb 1, 2008	Expired AMLS #928907	$199,900	—
Nov 28, 2007	Pending Doorify MLS (fka Triangle MLS) #965594		—
Nov 1, 2007	Listed (Active) Doorify MLS (fka Triangle MLS) #965594	$199,900	—
Oct 31, 2007	Listed (Active) AMLS #965594	$199,900	—
May 2, 2007	Listed (Active) Doorify MLS (fka Triangle MLS) #928907	$199,900	—
May 1, 2007	Listed (Active) AMLS #928907	$199,900	—

Date	Event & Source	Price
02/14/2025	Sold Doorify MLS (fka Triangle MLS) #10050679	$540,000
02/13/2025	Sold (Public Record) Public Record #1550712417	$540,000 +9.4% / yr
10/13/2024	Pending Doorify MLS (fka Triangle MLS) #10050679	—
09/05/2024	Listed (Active) Doorify MLS (fka Triangle MLS) #10050679	$549,900
08/01/2022	Sold (Public Record) Public Record #1494920286	$430,000 +5.5% / yr
02/06/2008	Sold (Public Record) Public Record #232386574	$197,000
02/06/2008	Sold Doorify MLS (fka Triangle MLS) #965594	$197,000
02/06/2008	Sold AMLS #965594	$197,000
02/01/2008	Expired Doorify MLS (fka Triangle MLS) #928907	$199,900
02/01/2008	Expired AMLS #928907	$199,900
11/28/2007	Pending Doorify MLS (fka Triangle MLS) #965594	—
11/01/2007	Listed (Active) Doorify MLS (fka Triangle MLS) #965594	$199,900
10/31/2007	Listed (Active) AMLS #965594	$199,900
05/02/2007	Listed (Active) Doorify MLS (fka Triangle MLS) #928907	$199,900
05/01/2007	Listed (Active) AMLS #928907	$199,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 623 Rawls Drive

Taxable ValueLand$80,000Additions$313,958Total$393,958

Tax Record2025$3,476 ($290 / month)

Home Facts

Total Finished SqFt1,991 SqFtAbove Grade Finished SqFt1,991 SqFtStories1Lot Size10,454 SqFtStyleDuplexYear Built2007ZoningR-6CountyWAKEAPN1723.10-26-5920 0075263Fireplace TypeHas Fireplace

Schools near 623 Rawls Drive

This home is within Wake County School District.


Rating	School	Type	Grades	Distance
6/10	Oak Grove Elementary	Public - Serves this home	PK to 5	11.8 mi
7/10	Dillard Drive Middle	Public - Serves this home	6 to 8	7.8 mi
7/10	William G Enloe High	Public - Serves this home	9 to 12	1.2 mi
10/10	Wake Early College of Health and Science	Public - Nearby school	9 to 13	0.7 mi
NR	Longview School	Public - Choice school	6 to 12	1.5 mi
2/10	Phillips High	Public - Choice school	9 to 12	1.9 mi


Rating	School	Distance
6/10	Oak Grove Elementary PublicPK to 5 Serves this home	11.8 mi
7/10	Dillard Drive Middle Public6 to 8 Serves this home	7.8 mi
7/10	William G Enloe High Public9 to 12 Serves this home	1.2 mi
10/10	Wake Early College of Health and Science Public9 to 13 Nearby school	0.7 mi
NR	Longview School Public6 to 12 Choice school	1.5 mi
2/10	Phillips High Public9 to 12 Choice school	1.9 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 623 Rawls Drive, Raleigh, NC 27610	$540,000	3	2	1,991	10,454
619 Rawls Drive, Raleigh, NC 27610	$540,000	3	2	1,991	10,018
627 Rawls Drive, Raleigh, NC 27610	$470,000	–	–	–	39,639
616 Rawls Drive, Raleigh, NC 27610	–	–	4	1,836	19,602
408 Diversity Way, Raleigh, NC 27610	$25,000	–	–	–	4,356
611 Rawls Drive, Raleigh, NC 27610	$450,000	–	–	3,806	66,647
620 Rawls Drive, Raleigh, NC 27610	$90,000	–	4	1,836	10,454
637 Rawls Drive, Raleigh, NC 27610	$398,000	5	3	2,352	4,356
635 Rawls Drive, Raleigh, NC 27610	–	–	–	–	20,038
328 Diversity Way, Raleigh, NC 27610	–	–	–	–	6,970
641 Rawls Drive, Raleigh, NC 27610	$426,000	–	3	2,160	6,098
624 Rawls Drive, Raleigh, NC 27610	–	–	4	1,836	10,890
403 Diversity Way, Raleigh, NC 27610	$385,000	4	4	2,075	2,613

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Listing Courtesy of BIG Realty Company

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.

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