7247 Aquinas Ave Raleigh, NC 27617

3 beds · 2 baths · 1,872 sq ft · Lot Size: 2,614 sq ft · Single Family Home
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7247 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 2008 and is approximately 17 years old. The single family home spans 1872 sq ft with 3 bedrooms and 2 bathrooms and sits on a 2614 sq ft lot. According to public records, it was last sold in 2014 for $189,000. Analyze and compare real estate investment strategies for properties like this home at 7247 Aquinas Ave Raleigh, NC 27617 with Property Intel by Whitepages.

Investment Potential for 7247 Aquinas Ave

The property has a current estimated value of $349,898, which is 18% above the zip median, based on public records. It last sold on November 13, 2014 for $189K. Projected long-term
is $24,600 annually ($2,050 per month) with a 91% occupancy rate.

Long-Term

Gross Rental
$24,600 per year($2,050 per month)
Net Operating Income
Cap Rate
Occupancy Rate
91%in 27617 zip code
 
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Owners & Occupancy for 7247 Aquinas Ave

This property is owned by Billy Joe Hewitt. Owner contact information includes 3 phone numbers.

Property Owners

Cell Phone(440) ***-****
Residence***********
Landline(440) 365-5569+ 1 more
Distance from Property**********
Residence***********
Landline(440) 365-5569+ 1 more
Distance from Property**********

Property Ownership Information

Purchase DateNovember 13, 2014
Property Tax Amount$2,819 in 2023
Purchase Price$189,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 89
Resident 2************* age 86
Resident 3************** age 64

Property Details for 7247 Aquinas Ave

Property Details

Property Sq Ft

Living Area

1,872 sq ft

Compare to 27703

Lot Size

2,614 sq ft

Compare to 27703

Price Per Sq Ft

Living Area

$187 / sq ft

Compare to 27703

Lot Size Area

$134 / sq ft

Compare to 27703
Property condition, age, exterior, etc. for 7247 Aquin…
Longitude: -78.76183 Latitude: 35.921425 Parcel Number (APN): 208735…
Mortgage originated on through lender: Towne Mtg/carolinas for$******View Mortgage Details
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Market Benchmarks

Compare data for 7247 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
$349,898
$275,142
$74,756 (27%)
$398,141
$214,787 (54%)
YoY Price Change
2.32%
180%
Year Built
2008
1990
18 years
Living Space
1,872 sq ft
1,589 sq ft
283 (18%)
$ Per Living Sq Ft
$187
$169
$18 (11%)
Lot Size
2,614 sq ft
20,473 sq ft
-17859 (-87%)
$ Per Lot Sq Ft
$134
$17
$117 (704%)

Net Operating Income
$17,038
-$1,090 (-6%)
Annual Revenue
$24,600
$22,800
$1,800 (8%)
$5,773
$2,879 (50%)
Net Operating Income
$17,038
-$1,090 (-6%)
Cap Rate
6%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians