$995,000

Estimated payment $5,952/month

Total Views 1,795
2.33 Acres
$427,039 Price per Acre
101,495 Sq Ft Lot

Highlights

  • 2.33 Acre Lot
  • Wooded Lot
  • Grass Field
  • Partnership Elementary School Rated A-
  • No HOA
  • Brush Vegetation

About This Lot

2.33 acres with City water/sewer with 5 DETACHED HOMES (2 rented) and a 6th vacant lot ready to build, each with Family room, 2 Bed rooms, 1FB off New Bern Ave, close to Wake Med and just 5 miles from downtown Raleigh! Terrific investment opportunity! Some work needed in 3 of the 5 homes before they can be occupied. BEING SOLD 'AS IS'. No Appraisal contingency. At least $1200 rent potential/ home. There are no long term leases so buyer can start with new tenant/rent. Please check the new Raleigh zoning and potentail for multiple homes and ADU units. Home is said to be in one of Raleigh's redevelopment areas. Pleasecheck https://user-2081353526.cld.bz/UnifiedDevelopmentOrdinance.

Listing Agent

Joe Matthews

Real Triangle Properties LLC License #134224

Co-Listing Agent

Philo Matthews

Real Triangle Properties LLC License #245675

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,784

Year Built

  • 1950

Lot Details

  • 2.33 Acre Lot
  • Brush Vegetation
  • Wooded Lot
  • Property is zoned R-4

Schools

  • Partnership Elementary School
  • Moore Square Museum Middle School
  • S E Raleigh High School

Horse Facilities and Amenities

  • Grass Field

Utilities

  • Conventional Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Beacon Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1724643495

Property Details

Property Type

Land

Est. Annual Taxes

$4,784

Year Built

1950

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: No
  • Road Frontage Type: Public Road
  • Road Surface Type: Gravel, Paved, Other
  • Co List Office Mls Id: 1410
  • Co List Office Phone: 919-380-7325
  • Subdivision Name: Beacon Lake
  • General Property Information Lot Size Dimensions: Survey
  • Water Source Public: Yes
  • Utilities Cable Available: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Horse YN2: No
  • Vegetation Wooded2: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Water Connected: Yes
  • Contract Information Lease Term: Month To Month
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Available: Yes
  • Utilities Natural Gas Connected: Yes
  • Vegetation Grassed: Yes
  • Vegetation Brush: Yes
  • Road Surface Type Gravel2: Yes
  • Sewer Conventional3: Yes
  • General Property Information Lot Size Square Feet2: 101494.8
  • General Property Information Lot Size Acres: 2.33
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1950

Exterior Features

  • Acres: 2.33

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - S E Raleigh
  • Middle Or Junior School: Wake - Moore Square Museum

Lot Info

  • Zoning: R-4
  • Lot Dimensions: Survey
  • Lot Size Sq Ft: 101494.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 1724643495
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month

Tax Info

  • Tax Annual Amount: 4784.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - Partnership

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,784 $539,329 $240,000 $299,329
2023 $4,618 $414,496 $225,000 $189,496
2022 $4,297 $414,496 $225,000 $189,496
2021 $4,133 $414,496 $225,000 $189,496
2020 $4,059 $414,496 $225,000 $189,496
2019 $3,603 $302,307 $160,000 $142,307
2018 $3,403 $302,307 $160,000 $142,307
2017 $3,245 $302,307 $160,000 $142,307
2016 $3,180 $302,307 $160,000 $142,307
2015 $3,513 $329,622 $163,800 $165,822
2014 $3,336 $329,622 $163,800 $165,822
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2025 04/05/25 For Sale $995,000 -- --
Source: Doorify MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $350,000 None Available
Warranty Deed $320,000 None Available
Warranty Deed -- --
Warranty Deed $240,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 Purchase Money Mortgage
Previous Owner $50,000 Credit Line Revolving
Previous Owner $240,000 Seller Take Back
Source: Public Records

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Source: Doorify MLS

MLS Number: 10087392

Doorify MLS

APN: 1724.15-64-3495-000