7242 Aquinas Ave Raleigh, NC 27617

2 beds · 2 baths · 1,620 sq ft · Lot Size: 1,742 sq ft · Single Family Home
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7242 Aquinas Ave is in the 27703 neighborhood of Raleigh, NC. It is located in Durham County and ZIP code 27617. This Single Family Home was built in 2009 and is approximately 16 years old. The single family home spans 1620 sq ft with 2 bedrooms and 2 bathrooms and sits on a 1742 sq ft lot. According to public records, it was last sold in 2015 for $183,000. Analyze and compare real estate investment strategies for properties like this home at 7242 Aquinas Ave Raleigh, NC 27617 with Property Intel by Whitepages.

Investment Potential for 7242 Aquinas Ave

The property has a current estimated value of $311,834, which is 3% above the zip median, based on public records. It last sold on May 05, 2015 for $183K. Projected long-term
is $23,400 annually ($1,950 per month) with a 91% occupancy rate.

Long-Term

Gross Rental
$23,400 per year($1,950 per month)
Net Operating Income
Cap Rate
Occupancy Rate
91%in 27617 zip code
 
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Owners & Occupancy for 7242 Aquinas Ave

This property is owned by Tammi S Palpant. Owner contact information includes 2 phone numbers and 1 email address.

Property Owners

Residence***********
Landline(719) 395-0991+ 1 more
Distance from Property**********
Email Address*********@msn.com

Property Ownership Information

Purchase DateMay 05, 2015
Property Tax Amount$2,663 in 2023
Purchase Price$183,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 64

Property Details for 7242 Aquinas Ave

Property Details

Property Sq Ft

Living Area

1,620 sq ft

Compare to 27703

Lot Size

1,742 sq ft

Compare to 27703

Price Per Sq Ft

Living Area

$192 / sq ft

Compare to 27703

Lot Size Area

$179 / sq ft

Compare to 27703
Property condition, age, exterior, etc. for 7242 Aquin…
Longitude: -78.761587 Latitude: 35.921785 Parcel Number (APN): 208703…
Mortgage originated on through lender: Prime Lndg for$*****View Mortgage Details
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Market Benchmarks

Compare data for 7242 Aquinas Ave in Durham County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$311,834
$198,670
$113,164 (57%)
$293,290
$252,961 (86%)
YoY Price Change
2.49%
-188%
Year Built
2009
1962
47 years
Living Space
1,620 sq ft
1,100 sq ft
520 (47%)
$ Per Living Sq Ft
$192
$166
$26 (16%)
Lot Size
1,742 sq ft
16,553 sq ft
-14811 (-89%)
$ Per Lot Sq Ft
$179
$17
$162 (981%)

Net Operating Income
$15,697
-$358 (-2%)
Annual Revenue
$23,400
$19,800
$3,600 (18%)
$4,218
$3,843 (91%)
Net Operating Income
$15,697
-$358 (-2%)
Cap Rate
7.57%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians