Stacy Slone
Keller Williams Elite Realty
(888) 411-8902
227 Total Sales
1 in Capital District
$365,000 Price
124 E Cabarrus St Raleigh, NC 27601
Capital District NeighborhoodEstimated Value: $794,000
0.09
Acres
$8,822,222
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
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
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
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
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
-$6,000
Original Mortgage
$850,000
Outstanding Balance
$842,378
Interest Rate
6.67%
Mortgage Type
Credit Line Revolving
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 and Tomb Norma W
Bought by
Horse Nose Villa Llc
Purchase Details
Closed on
Jan 26, 2001
Sold by
Tomb Mary Frances S
Bought by
Mary Frances S Tomb Revocable Mgmt Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Capital District, NC
-
Stacy Slone
-
Sharon Evans
Sharon Evans
EXP Realty LLC
(984) 833-2476
984 Total Sales
1 in Capital District
$1,400,000 Price
-
Johnny Chappell
Johnny Chappell
Compass -- Raleigh
(984) 276-2674
905 Total Sales
8 in Capital District
$300K - $2.2M Price Range
-
John Hartofelis
John Hartofelis
Coldwell Banker Advantage
(855) 530-0291
56 Total Sales
1 in Capital District
$520,000 Price
-
Tyler Chestnutt
Tyler Chestnutt
eXp Realty, LLC - Clayton
(984) 205-6006
208 Total Sales
4 in Capital District
$320K - $1.6M Price Range
-
Gilliam Kittrell
Gilliam Kittrell
Hodge & Kittrell Sotheby's Int
(866) 257-8183
72 Total Sales
1 in Capital District
$515,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $800,000 | None Listed On Document | ||
| Horse Nose Villa Llc | -- | None Listed On Document | |
| Horse Nose Villa Llc | -- | -- | |
| Tomb Robert M | -- | -- | |
| Mary Frances S Tomb Revocable Mgmt Trust | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $850,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
| 2023 | $5,955 | $509,600 | $509,600 | $0 |
| 2022 | $5,560 | $509,600 | $509,600 | $0 |
| 2021 | $5,183 | $509,600 | $509,600 | $0 |
| 2020 | $5,092 | $509,600 | $509,600 | $0 |
| 2019 | $7,177 | $587,412 | $587,412 | $0 |
| 2018 | $6,788 | $587,412 | $587,412 | $0 |
| 2017 | $6,480 | $587,412 | $587,412 | $0 |
| 2016 | $6,354 | $587,412 | $587,412 | $0 |
| 2015 | $1,310 | $117,600 | $117,600 | $0 |
| 2014 | $1,247 | $117,600 | $117,600 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Meredith Little
Seller's Agent in 2025
Meredith Little
Hodge & Kittrell Sothebys INTE
(919) 757-2175
2 in this area
43 Total Sales
-
NM
Buyer's Agent in 2025
Non Member
Non Member Office
Map
Source: Doorify MLS
MLS Number: 10071291
APN: 1703.43-76-5810-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.
Nearby Homes
- 501 S Bloodworth St Unit 102
- 501 S Bloodworth St Unit 105
- 501 S Bloodworth St Unit 101
- 501 S Bloodworth St Unit 104
- 520 S Bloodworth St
- 316 E Cabarrus St
- 432 Chavis Way
- 532 E Lenoir St
- 413 Watson St
- 274 E Davie St
- 213 E South St
- 444 S Blount St Unit 325
- 444 S Blount St Unit 209
- 300 Worth St
- 814 S Bloodworth St
- 221 Woodsborough Place
- 209 Woodsborough Place
- 314 S Haywood St
- 615 E Lenoir St
- 618 E Cabarrus St
- 501 S Bloodworth St Unit 103
- 501 S Bloodworth St
- 507 1/2 Bloodworth St
- 507 S Bloodworth St
- 507 S Bloodworth St Unit 1/2
- 511 S Bloodworth St Unit 103
- 511 S Bloodworth St
- 511 S Bloodworth St Unit 101
- 511 S Bloodworth St Unit 104
- 511 S Bloodworth St Unit 105
- 0 E Cabarrus St Unit TR1882856
- 214 E Cabarrus St
- 513 S Bloodworth St
- 517 S Bloodworth St
- 514 S Bloodworth St
- 432 S Bloodworth St
- 516 S East St
- 509 S East St
- 518 S East St
- 320 E Cabarrus St
Your Personal Tour Guide
Ask me questions while you tour the home.