Seller's Agent in 2025
Meredith Little
HODGE & KITTRELL SOTHEBYS INTE
(919) 876-7411
2 in this area
37 Total Sales
124 E Cabarrus St Raleigh, NC 27601
Capital District Neighborhood
0.09
Acre
$8,888,889
Price per Acre
3,920
Sq Ft Lot
About This Lot
As of August 2025OFFERS RECEIVED- Deadline is 12pm March 7 for submissions.
Rare Find: Income-Generating Downtown Parking Lot Adjacent to the Historic Lincoln Theatre
This exceptional property presents a unique opportunity for developers and investors seeking a prime foothold in the heart of Raleigh's vibrant Central Business District.
Situated on a highly visible corner lot at 124 E. Cabarrus St., this .09 acre property enjoys immediate proximity to the renowned Lincoln Theatre, a cultural landmark. Currently operating as a successful parking lot with a management lease, the property generates consistent income while offering significant upside potential.
Last Agent to Sell the Property
HODGE & KITTRELL SOTHEBYS INTE License #322608 Listed on: 01/16/2025
Last Buyer's Agent
Non Member
Non Member Office
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,682
Lot Details
- 3,920 Sq Ft Lot
- Cleared Lot
Schools
- Wake County Schools Elementary And Middle School
- Wake County Schools High School
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1703765810
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 16, 2025
Closed on
Aug 18, 2025
Sold by
Horse Nose Villa Llc
Bought by
Justin Alley Llc
Seller's Agent
Meredith Little
HODGE & KITTRELL SOTHEBYS INTE
Buyer's Agent
Non Member
Non Member Office
List Price
$1,200,000
Sold Price
$800,000
Premium/Discount to List
-$400,000
-33.33%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,000
Avg. Annual Appreciation
6.61%
Original Mortgage
$850,000
Outstanding Balance
$849,257
Interest Rate
6.67%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$28,516
Purchase Details
Closed on
Apr 25, 2025
Sold by
Tomb Robert M and Tomb Norma W
Bought by
Horse Nose Villa Llc
Purchase Details
Closed on
Oct 31, 2003
Sold by
Tomb Robert M
Bought by
Tomb Robert M and Tomb Norfleet Stronach
Purchase Details
Closed on
Jan 26, 2001
Sold by
Tomb Mary Frances S
Bought by
Mary Frances S Tomb Revocable Mgmt Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $800,000 | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | -- | |
| Gift Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $850,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | Sold | $800,000 | -4.8% | -- |
| 03/07/2025 03/07/25 | Pending | -- | -- | -- |
| 02/28/2025 02/28/25 | Price Changed | $840,000 | -30.0% | -- |
| 01/16/2025 01/16/25 | For Sale | $1,200,000 | -- | -- |
Source: Doorify MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $9,397 | $999,600 | $999,600 | -- |
| 2024 | $9,361 | $999,600 | $999,600 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Meredith Little
-
N
Buyer's Agent in 2025
Non Member
Non Member Office
Map
Source: Doorify MLS
MLS Number: 10071291
APN: 1703.43-76-5810-000
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