$380,000
SOLD AUG 16, 2021

15517 Possum Track Rd Raleigh, NC 27614

Falls Lake Neighborhood
1.92 Acres
$197,917 Price per Acre
83,635 Sq Ft Lot

Recently Sold

$304 Per Sq Ft

10% Below List Price

152 Days on Market

Highlights

  • Horses Allowed On Property
  • 1.92 Acre Lot
  • Level Lot
  • Brassfield Elementary School Rated A-
  • Wooded Lot

About This Lot

As of December 2024

BRING YOUR BUILDER. ALMOST 2 ACRES. WELL AND SEPTIC ALREADY ON PROPERTY. NO HOA DUES & NO RESTRICTIONS! WALK TO FALLS LAKE. RANCH (RENT OUT TIL YOU ARE READY TO BUILD) & STORAGE SHED. APPROX 4 MILES TO I540. MINUTES TO RESTAURANTS, FALLS LAKE BOAT RAMP, SHOPPING AND SCHOOLS. PRIME NORTH RALEIGH!

Last Agent to Sell the Property

Shawn Britt

Realty World-Triangle Living License #176150 Listed on: 01/30/2021

Realty World-Triangle Living

Co-Listed By

Kerri Aikin

Realty World-Triangle Living License #222888

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,272

Lot Details

  • 1.92 Acre Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot
  • Property is zoned R-80W

Parking

  • Driveway

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Mobile Home

Utilities

  • Well
  • Conventional Septic
  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$15,272

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: Yes
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1385
  • Co List Office Phone: 919-786-3321
  • Subdivision Name: Not in a Subdivision
  • Lot Features Partially Cleared: Yes
  • Water Source Well: Yes
  • Utilities Cable Available: Yes
  • General Property Information Horse YN2: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Vegetation Cleared2: Yes
  • Other Structures Mobile Home: Yes
  • Lot Features Driveway2: Yes
  • Sewer Conventional3: Yes
  • General Property Information Lot Size Acres: 1.92
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 1.92
  • Lot Features:Level: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available
  • Water Source: Well

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Zoning: R-80W
  • Current Use: Vacant
  • Lot Size Sq Ft: 83635.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Feb 5, 2025
Sold by
Mccoy Jason R and Mccoy Jennifer E
Bought by
Leaves Llc
Seller's Agent
Veronica Saccoh
EXP Realty LLC
Buyer's Agent
Peter Kima
Real Broker, LLC
List Price
$2,650,000
Sold Price
$2,350,000
Premium/Discount to List
-$300,000
-11.32%
Views
211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%

Purchase Details

Closed on
Jun 21, 2023
Sold by
Okam Uchechukwu C and Okam Nneka
Bought by
Unb Real Estate Llc

Purchase Details

Listed on
Jun 16, 2022
Closed on
Nov 3, 2022
Sold by
Speight Built Llc
Bought by
Okam Ucheolukwu C and Young Nneka
Seller's Agent
Luis Santana
Raleigh Realty Inc.
Buyer's Agent
Eric Morton
Morton Bradbury Real Estate Group
List Price
$2,500,000
Sold Price
$2,500,000
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.22%
Original Mortgage
$2,000,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2021
Closed on
Aug 13, 2021
Sold by
Arbutina Investments Raleigh Llc
Bought by
Speight Built Llc
Seller's Agent
Shawn Britt
Realty World-Triangle Living
Buyer's Agent
Non Member
Non Member Office
List Price
$419,998
Sold Price
$380,000
Premium/Discount to List
-$39,998
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
362.56%

Purchase Details

Closed on
Jan 24, 2020
Sold by
Arbutina Investments Richmond Llc
Bought by
Arbutina Investments Raleigh Llc

Purchase Details

Closed on
Sep 30, 2019
Sold by
Bailey Phillip D and Bailey Leslie B
Bought by
Arbutina Investments Richmond Llc

Purchase Details

Closed on
Aug 6, 2004
Sold by
Bailey Phillip D and Bailey Leslie
Bought by
Bay Leaf Farm Development Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,900
Interest Rate
6.22%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed In Lieu Of Foreclosure $2,350,000 None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- --
Warranty Deed $380,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $345,000 None Available
Warranty Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 New Conventional
Previous Owner $299,900 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $3,000,000 -4.8% $542 / Sq Ft
06/06/2025 06/06/25 For Sale $3,150,000 +34.0% $569 / Sq Ft
12/17/2024 12/17/24 Sold $2,350,000 0.0% $419 / Sq Ft
07/11/2024 07/11/24 Pending -- -- --
06/23/2024 06/23/24 Price Changed $2,350,000 -7.8% $419 / Sq Ft
05/13/2024 05/13/24 Price Changed $2,550,000 -3.8% $455 / Sq Ft
04/19/2024 04/19/24 For Sale $2,650,000 +6.0% $472 / Sq Ft
12/15/2023 12/15/23 Off Market $2,500,000 -- --
12/15/2023 12/15/23 Off Market $380,000 -- --
12/15/2023 12/15/23 Off Market $380,000 -- --
11/07/2022 11/07/22 Sold $2,500,000 0.0% $458 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $2,500,000 0.0% $458 / Sq Ft
06/24/2022 06/24/22 Price Changed $2,500,000 +557.9% $458 / Sq Ft
08/16/2021 08/16/21 Sold $380,000 0.0% $304 / Sq Ft
08/16/2021 08/16/21 Sold $380,000 -9.5% $303 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
07/01/2021 07/01/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $419,998 0.0% $337 / Sq Ft
06/29/2021 06/29/21 For Sale $419,998 0.0% $335 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/12/2021 05/12/21 Pending -- -- --
05/10/2021 05/10/21 Price Changed $419,998 0.0% $337 / Sq Ft
04/12/2021 04/12/21 Price Changed $419,998 -1.2% $335 / Sq Ft
02/23/2021 02/23/21 Price Changed $425,000 0.0% $341 / Sq Ft
02/23/2021 02/23/21 Price Changed $425,000 -5.6% $339 / Sq Ft
01/30/2021 01/30/21 For Sale $450,000 0.0% $361 / Sq Ft
12/16/2020 12/16/20 For Sale $450,000 -- $359 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

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 $15,272 $2,456,041 $368,480 $2,087,561
2023 $12,653 $1,620,263 $231,500 $1,388,763
2022 $2,501 $343,597 $231,500 $112,097
2021 $2,434 $343,597 $231,500 $112,097
2020 $2,394 $343,597 $231,500 $112,097
2019 $1,657 $261,604 $170,600 $91,004
2018 $583 $261,604 $170,600 $91,004
2017 $1,280 $261,604 $170,600 $91,004
2016 $392 $261,604 $170,600 $91,004
2015 $407 $278,853 $191,920 $86,933
2014 $655 $278,853 $191,920 $86,933
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2364177

Doorify MLS

APN: 1810.03-23-5316-000