$1,350,000
$450K PRICE DROP

Estimated payment $7,925/month

Total Views 7,763
2.5 Acres
$540,000 Price per Acre
108,900 Sq Ft Lot

Highlights

  • 2.5 Acre Lot
  • No HOA
  • Grass Field
  • Ligon Magnet Middle School Rated A

About This Lot

Prime Residential Development Opportunity! 2.5 acres currently zoned R-6, inside the beltline and within the transit overlay district. Minutes away from Wake Medial Hospital, 440 and Downtown Raleigh. Public water and sewer are available. Development of as many as 32 townhouses is possible on this site. Currently there are 2 rented houses on the property; however, the true value is in the land for future development with higher density. Bring your builder/developer to this great opportunity to address the demand for housing in the Raleigh area.

Listing Agent

Brent Henson

Compass -- Raleigh License #172086

Compass -- Raleigh

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,846

Year Built

  • 1952

Lot Details

  • 2.5 Acre Lot
  • Lot Dimensions are 303x355

Schools

  • Bugg Elementary School
  • Ligon Middle School
  • Enloe High School

Horse Facilities and Amenities

  • Grass Field

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1723347789 & 1723347694

Property Details

Property Type

Land

Est. Annual Taxes

$4,846

Year Built

1952

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • General Property Information Lot Size Dimensions: 303x355
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Contract Information Lease Term: 12 Months
  • Utilities Electricity Connected: Yes
  • Vegetation Grassed: Yes
  • General Property Information Lot Size Square Feet2: 108900.0
  • General Property Information Lot Size Acres: 2.5
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1952

Interior Features

  • Possible Use: Development

Exterior Features

  • Acres: 2.5

Utilities

  • Utilities: Electricity Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Enloe
  • Middle Or Junior School: Wake - Ligon

Lot Info

  • Lot Dimensions: 303x355
  • Lot Size Sq Ft: 108900.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 1723347789 & 1723347694
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months

Tax Info

  • Tax Annual Amount: 4846.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - Bugg

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 $1,953 $222,573 $143,000 $79,573
2023 $1,448 $130,967 $71,500 $59,467
2022 $1,346 $130,967 $71,500 $59,467
2021 $1,294 $130,967 $71,500 $59,467
2020 $1,271 $130,967 $71,500 $59,467
2019 $3,185 $271,385 $68,000 $203,385
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Price Changed $1,350,000 -10.0% --
10/30/2024 10/30/24 Price Changed $1,500,000 -16.7% --
08/28/2024 08/28/24 For Sale $1,800,000 -- --
Source: Doorify MLS

Deed History

Date Type Sale Price Title Company
Deed -- None Available
Warranty Deed -- None Available
Deed -- None Available
Warranty Deed $250,000 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $287,000 Commercial
Previous Owner $121,800 Unknown
Source: Public Records

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Source: Doorify MLS

MLS Number: 10049461

Doorify MLS

APN: 1723.14-34-7789-000