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Sold for $94,000
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  • $94,000

    1425 Farlow Rd, Raleigh, NC 27603

    --beds
    2baths
    896sqft
    MobileManufactured
    Built in 1997
    0.46 Acres Lot
    $-- Zestimate®
    $105/sqft
    $-- Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    Not available

    Zestimate® history
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    What's special

    Farlow Rd Investment Package – Raleigh, NC Addresses: 1425 Farlow Rd 1429 Farlow Rd 1501 Farlow Rd 1507 Farlow Rd Package Overview: 4 rental properties being sold as a bundle Located in quiet Southern Acres neighborhood, ~7 miles (15 min) from Downtown Raleigh. Close to shopping(Costco/Walmart/Harris Teeter). Easy access to I-540, RDU & downtown Pricing: Package: $400,000 ($100K per property) Rental Income: 1425 Farlow Rd – $1050/mo 1429 Farlow Rd – $850/mo 1501 Farlow Rd – $950/mo 1507 Farlow Rd – $950/mo Total: $3,800/mo | $45,600/year Approx. Gross Yield: 11.7% Property Details: 3 older manufactured homes + 1 newer (1997) Lots: ~Approximately 0.5 acres each (total ~2 acres) 1425 Farlow Rd – 2BR / 2BA, new shingle roof (2025) Metal roofs on others, seal coated 2025 Independent septic systems & well water Utilities & Expenses: Tenants pay electricity & internet Owner pays trash (~$15/mo) + well electricity (~$40/mo) Tenants: All long-term, responsible renters Leases in place, pay on time Investment Opportunity: Keep as cash-flow rentals Replace with new manufactured homes Build craftsman-style houses Small mobile home park or land assemblage Please see the listing on LoopNet for pictures and detailed information by clicking on this link - https://www.loopnet.com/Listing/1425-Farlow-Rd-Raleigh-NC/39014394/

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 2
    Heating
    • Forced air
    Cooling
    • Central
    Interior area
    • Total interior livable area: 896 sqft

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 0.46 Acres
    Details
    • Parcel number: 1700074534

    Construction

    Type & style
    • Home type: MobileManufactured
    Condition
    • Year built: 1997

    Community & HOA

    Location
    • Region: Raleigh

    Financial & listing details

    • Price per square foot: $105/sqft
    • Tax assessed value: $127,862
    • Annual tax amount: $838

    Price history

    DateEventPrice
    8/19/2026Sold$94,000-24.8%$105/sqft
    Source: Public Record Report a problem
    7/7/2026Listed for sale$125,000+123.2%$140/sqft
    Source: Owner Report a problem
    9/5/2023Sold$56,000-25.3%$63/sqft
    Source: Doorify MLS #2523500 Report a problem
    9/4/2023Pending sale$75,000$84/sqft
    Source: Doorify MLS #2523500 Report a problem
    7/31/2023Contingent$75,000$84/sqft
    Source: Doorify MLS #2523500 Report a problem
    7/26/2023Listed for sale$75,000-72.7%$84/sqft
    Source: Doorify MLS #2523500 Report a problem
    2/4/2022Sold$275,000$307/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$838 +6.8%$127,862 -0.7%
    2024$784 +235.2%$128,823 +329.4%
    2023$234 +8%$30,000
    2022$217 $30,000
    2021-- $30,000
    2020-- $30,000 +36.4%
    2019-- $22,000
    2018-- $22,000
    2017-- $22,000
    2016-- $22,000 -8.3%
    2015-- $24,000
    2014$158 $24,000
    2013-- $24,000
    2012-- $24,000
    2011-- $24,000
    2010-- $24,000
    2009-- $24,000
    2008-- --
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    Find assessor info on the county website

    Neighborhood: 27603

    Nearby schools

    GreatSchools rating