7229 Kemp Rd Raleigh, NC 27613

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3 beds · 3 baths · 2,676 sq ft · Lot Size: 67,082 sq ft · Single Family Home
Est. Property Value: $563,018

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7229 Kemp Rd is in the 27613 neighborhood of Raleigh, NC. It is located in Durham County and ZIP code 27613. This Single Family Home was built in 1976 and is approximately 49 years old. The single family home spans 2676 sq ft with 3 bedrooms and 3 bathrooms and sits on a 67082 sq ft lot. According to public records, it was last sold in 2008 for $296,500 and has a tax-assessed value of $352,676, which is $210 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 7229 Kemp Rd Raleigh, NC 27613 with Property Intel by Whitepages.

Owners & Occupancy for 7229 Kemp Rd

This property is owned by Antony B Werner. Owner contact information includes 2 phone numbers.

Property Owners

Residence***********
Landline(919) 845-7652
Distance from Property**********
Residence***********
Landline(401) 726-0873
Distance from Property**********

Occupancy

Current Occupancy******View Occupancy

Property Financials for 7229 Kemp Rd

7229 Kemp Rd, Raleigh, NC has a mortgage from State Emps Fcu (orig. September 21, 2020). The Durham county assessment for 2024 values it at $352,676, with annual taxes of $3,596.

Mortgage & Equity Information

Loan Amount$******
LenderState Emps Fcu
Origination DateSeptember 21, 2020
Interest Rate****%
Term20 Years
Rate TypeAdjustable
Est Balance$********
Due Date****************
Equity View Equity

Property Tax

Purchase DateMay 30, 2008
Property Tax Amount$3,596 in 2024
Purchase Price$296,500
Assessed Value$352,676 on 2024

Investment Potential for 7229 Kemp Rd

The property has a current estimated value of $563,018, which is 60% above the zip median, based on public records. It last sold on May 30, 2008 for $297K. Projected long-term
is $34,800 annually ($2,900 per month) with a 87% occupancy rate.

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Long-Term

Gross Rental
$34,800 per year($2,900 per month)
Net Operating Income
Cap Rate
Occupancy Rate
87%in 27613 zip code
 
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Property Details for 7229 Kemp Rd

Property Details

Property Sq Ft

Living Area

2,676 sq ft

92% above market

Lot Size

67,082 sq ft

927% above market

Price Per Sq Ft

Living Area

$210 / sq ft

14% below market

Lot Size Area

$8 / sq ft

82% below market

Property condition, age, exterior, etc. for 7229 Kemp …
Longitude: -78.729219 Latitude: 35.952882 Parcel Number (APN): 195074…

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Discover more single family homes near 7229 Kemp Rd in Raleigh, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 7229 Kemp Rd in Durham County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$563,018
$257,944
$305,074 (118%)
$368,113
$459,433 (125%)
YoY Price Change
2.32%
51%
Year Built
1976
1990
-14 years
Living Space
2,676 sq ft
1,590 sq ft
1086 (68%)
$ Per Living Sq Ft
$210
$158
$52 (33%)
Lot Size
67,082 sq ft
20,473 sq ft
46609 (228%)
$ Per Lot Sq Ft
$8
$12
-$4 (-30%)

Net Operating Income
$18,197
$4,267 (23%)
Annual Revenue
$34,800
$25,200
$9,600 (38%)
$6,673
$5,663 (85%)
Net Operating Income
$18,197
$4,267 (23%)
Cap Rate
6.84%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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