474 Glenwood Ave, Raleigh, NCGoogle Street View
Back to searchFor SaleMulti-FamilyDatedScore 54 · DSet deal criteria34 days on market
Fixer / needs work

474 Glenwood Ave

Mordecai · Raleigh, NC 27610

$514,000
List price · $220/sqft
AVM range $465K $539K
CMA report

Demo data. Every property, comp, tax record, and estimate on this page is synthetic and generated for demonstration — not a real listing. Connect MLS, PropertyRadar, ATTOM, or RentCast (and a Google Places key) to serve live data with no code changes.

Beds
3
Baths
4
Living area
2,280
sqft
Lot
0.28 ac
12,200 sqft
Year built
1,965
Price / sqft
$220

Reconciled value

Similarity-weighted from comps

Range $499,412$541,030
Comps used
5
Median $/sqft
$234
See the comparables

Overview

Original-condition multi-family property in Mordecai, Raleigh. 3 bed / 4 bath across 2,280 sqft on a 12.2k sqft lot, built in 1965. Smart thermostat, Vaulted ceilings, Solar panels.

Features

Smart thermostatVaulted ceilingsSolar panelsChef's kitchenQuartz countertops
Bedrooms
3
Bathrooms
4
Living area
2,280 sqft
Lot size
12,200 sqft · 0.28 ac
Year built
1,965
Stories
2
Parking
3 spaces
Type
Multi-Family
Condition
Dated
Price / sqft
$220/sqft
School rating
5/10
Walk score
50/100

Assessed value trend

County assessment over time

Property score

Value · condition · deal · risk · location

/ 100
Grade D
  • Value vs. comps79 · weight 30%

    Asking 1.2% below the comp-reconciled value of $520,221.

  • Condition40 · weight 20%

    Reported condition “Dated” — original finishes likely; budget for meaningful updates.

  • Deal math30 · weight 20%

    3.5% cap rate with $1,055/mo negative cash flow at default financing (25% down, 7%, 30yr).

  • Risk60 · weight 15%

    No flood data — FEMA returned no mapped zone for this point; scored neutral.

  • Location50 · weight 15%

    Schools rated 5/10; Walk Score 50/100.

Transparent formula — every input shown; demo/partial sources score neutral, not flattering.

Sale history

Listing & transaction events

  1. $502,000Listed
    $168,000
  2. $334,000Sold
    $85,000
  3. $249,000Sold

Ownership & records

County records (demo)

Owner
Elena Pemberton
Occupancy
Owner-occupied
APN
409-74-280
Zoning
PUD Planned unit
Last recorded deed
Warranty deed · Sep 5, 2018 · $334,000

Public data

Free government sources — FEMA & U.S. Census

Checking FEMA flood zone & Census ZIP profile…

Location & environment

Live from free government & open data

Pulling live data from USGS, FCC, Open-Meteo, OpenStreetMap…

Where this data comes from

Per-field source attribution from the merge layer

  • List priceDemo dataset
  • Value estimateDemo dataset
  • Listing statusDemo dataset
  • Beds / baths / sizeDemo dataset
  • ConditionDemo dataset
  • Comparable salesDemo dataset
  • Tax historyDemo dataset
  • OwnershipCounty records (demo)
  • Parcel (APN)County records (demo)
  • ZoningCounty records (demo)
  • Last deedCounty records (demo)
  • DescriptionDemo dataset

Lotline merges MLS, public records, valuation, and agent-direct feeds per field — the freshest authoritative source wins, and every figure keeps its receipt.

Comparable sales

$/sqft vs. sale price

Bubble size = similarity to subject

Value reconciliation

Where the comps land

Reconciled estimate · band $499,412$541,030
Comps used
5
Avg adjusted
$519,900
Avg $/sqft
$229
Median $/sqft
$234
$/sqft range
$214$243
Implied subject $/sqft
$228

Comparable detail (5)

Ranked by similarity, with line-item adjustments

Comparable sales used to value the subject property, ranked by similarity.
ComparableSoldBeds / BathsSqft$/sqftSold priceAdjustmentsAdjustedMatch
1994 Fairview Rd
Raleigh, NC · 0.9 mi away
Sep 21, 20253 / 42,232$243/sqft$542,000
Size +48 sqft+$9,000Age older 2y-$2,000Lot -1.3k sqft-$8,000
3214 Fairview Rd
Raleigh, NC · 1.6 mi away
Jul 19, 20254 / 4.52,237$236/sqft$527,000
Size +43 sqft+$8,000Age newer 2y+$2,000Baths -0.5-$6,000
8647 Oberlin Rd
Raleigh, NC · 0.3 mi away
Sep 8, 20254 / 42,534$220/sqft$557,000
Size -254 sqft-$47,500Age newer 9y+$8,000
4034 Glenwood Ave
Raleigh, NC · 0.9 mi away
May 20, 20253 / 32,398$214/sqft$512,000
Size -118 sqft-$22,000Age newer 6y+$5,500Baths +1+$12,000Lot -2.9k sqft-$17,500
8101 Oberlin Rd
Raleigh, NC · 0.8 mi away
Feb 25, 20252 / 31,954$234/sqft$458,000
Size +326 sqft+$61,000Age older 12y-$11,000Baths +1+$12,000

Property tax

Tax history

Annual bill (bars) & effective rate (line)

Latest effective rate 0.80% on a $476,420 assessment.

Tax breakdown

Latest year & projection

Latest bill
$3,806
Tax year 2025
Assessed value
$476,420
Land $136,607 · Imp. $339,813
Effective rate
0.80%
State median 0.78%
Assessment growth
3.7%
Annualized, per year
Projected next bill
On $493,872 assessment
Monthly escrow
Estimated tax portion
Tax burden vs. NC median+2% above median

Investment analysis

Deal inputs

Adjust assumptions to model the return

$
25% · $128,500
7.00%
Loan term
$/mo
28% of rent

Return summary

Annualized, at the assumptions on the left

Thin deal
Monthly cash flow
-$1,055
-$12,663 / yr
Cap rate
3.52%
NOI ÷ price
Cash-on-cash
-8.80%
$143,920 invested
NOI
$18,114
Net operating income / yr
Total outlay
$3,830
PITI + HOA + opex / mo
DSCR
0.59
NOI ÷ debt service
1% rule0.54%
GRM15.4
Break-even rent$3,830

Monthly outlay breakdown

$3,830 total per month

  • Principal & interest$2,565
  • Property taxes$317
  • Insurance$171
  • HOA$0
  • Operating expenses$777

Planning estimate only. Figures use demo assumptions (30-year loan, 28% expense ratio) and do not account for closing-cost variance, capital reserves, appreciation, or tax treatment. Not financial advice.

Damage & remodel estimate

Inspector — photo condition analysis

Synthetic demo imagery — the Inspector runs its scripted demo analysis

The Inspector reads the photos room by room — condition score, detected features, flagged defects — and turns what it sees into remodel scopes, so the estimator below is filled from evidence instead of guesses.

Full cosmetic + systems

Aging systems and finishes. Expect kitchen, baths, HVAC, windows.

Severity 3 / 4
Move-in readyGut rehab

Scope of work

Toggle the work this property needs

Structural

Systems

Kitchen & Bath

Interior

Exterior

Budget

Regional factor 0.95× · NC

Estimate range
$77,387 – $184,414
Low to high
Midpoint
$130,901
26.1% of value
Value added
$89,598
Estimated resale uplift
After-repair value
$591,598
From $502,000 as-is

Cost by scope

Midpoint per line item

Itemized remodel cost estimate.
ScopeQuantityLowHighMidpointRecoup
Kitchen remodel
Cabinets, counters, appliances, fixtures (mid-grade).
project$17,100$42,750$29,92572%
Bathroom remodel
Per bathroom: tile, vanity, fixtures, surround.
4 baths$30,400$72,200$51,30066%
Flooring
LVP / engineered wood / tile throughout living areas.
2,280 sqft$10,830$25,992$18,41170%
Interior paint
Walls, ceilings, trim — full interior repaint.
2,280 sqft$4,332$9,747$7,04080%
HVAC system
New furnace + AC condenser, ducts as needed.
project$6,175$13,775$9,97560%
Window replacement
Energy-efficient double-pane units, whole house.
whole house$8,550$19,950$14,25068%
Total (6 scopes)$77,387$184,414$130,901$89,598

Planning estimates, not contractor bids. Ranges are demo national averages scaled by a regional factor and do not reflect a site inspection, permits, finish level, or hidden conditions. Confirm scope and pricing with licensed trades before transacting.

Studio — staging & renovation renders

Studio — staging & renovation renders

Compose a render brief for any image tool, or generate live when a provider key is configured

Render type
Style

No listing photos on this record — Studio composes a text-to-image brief from the listed facts instead.

Document intelligence

Counsel — document intelligence

Paste an inspection report, disclosure, or HOA doc for a plain-English read and red-flag scan

0 / 12,000 characters