Seller's Agent in 2025
Joe Alercia
RE/MAX United
(919) 868-3972
18 in this area
252 Total Sales
1621 Ella Wiggins Way Raleigh, NC 27603
Caraleigh Neighborhood
0.04
Acre
$4,875,000
Price per Acre
1,742
Sq Ft Lot
About This Lot
As of August 2025Rare opportunity to purchase ready-to-build single family lots in the heart of Downtown Raleigh’s Southern Gateway. These homesites are walking distance to Dix Park, the Farmers Market, and the Downtown South Development area that has just started construction. Of the initial 47 lots in the first phase of Caraleigh Commons, 32 stunning custom homes have been completed in styles ranging from charming historic replicas to sleek modern masterpieces. All the homes and lots feature skyline views with most including rooftop decks. Current homes are selling for over a million dollars. There are 15 SFH lots left in phase one. All the remaining lots are for sale, but must be purchased in groups of at least 3 to receive the listed pricing.
Last Agent to Sell the Property
Cityspace Management License #221471 Listed on: 02/23/2023
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,823
Lot Details
- 1,742 Sq Ft Lot
- Level Lot
- Cleared Lot
Schools
- Farmington Woods Elementary School
- Martin Middle School
- Broughton High School
Utilities
- Conventional Septic
- Cable TV Available
Community Details
- Caraleigh Village Subdivision
- The community has rules related to alterations or architectural changes
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 23, 2023
Closed on
Jul 7, 2023
Sold by
Caraleigh Village Llc
Bought by
A Squared Llc
Seller's Agent
Richard Johnson
Cityspace Management
Buyer's Agent
Joe Alercia
RE/MAX United
List Price
$225,280
Sold Price
$195,000
Premium/Discount to List
-$30,280
-13.44%
Views
15
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
75.07%
Original Mortgage
$399,742
Outstanding Balance
$390,990
Interest Rate
6.79%
Mortgage Type
Construction
Estimated Equity
$251,805
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 | $430,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $399,742 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Sold | $602,000 | -4.4% | $385 / Sq Ft |
| 07/30/2025 07/30/25 | Pending | -- | -- | -- |
| 07/23/2025 07/23/25 | Price Changed | $629,900 | -1.6% | $403 / Sq Ft |
| 07/18/2025 07/18/25 | Price Changed | $639,900 | -0.8% | $409 / Sq Ft |
| 07/07/2025 07/07/25 | Price Changed | $645,000 | -0.8% | $413 / Sq Ft |
| 06/04/2025 06/04/25 | For Sale | $649,900 | +233.3% | $416 / Sq Ft |
| 12/15/2023 12/15/23 | Off Market | $195,000 | -- | -- |
| 07/14/2023 07/14/23 | Sold | $195,000 | -13.4% | -- |
| 03/03/2023 03/03/23 | Pending | -- | -- | -- |
| 02/21/2023 02/21/23 | For Sale | $225,280 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $2,823 | $325,000 | $325,000 | $0 |
| 2023 | $1,908 | $175,000 | $175,000 | $0 |
| 2022 | $1,772 | $175,000 | $175,000 | $0 |
| 2021 | $1,703 | $175,000 | $175,000 | $0 |
| 2020 | $1,672 | $175,000 | $175,000 | $0 |
| 2019 | $927 | $80,000 | $80,000 | $0 |
| 2018 | $874 | $80,000 | $80,000 | $0 |
| 2017 | $0 | $60,000 | $60,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Alercia
-
Spencer Sifinski
Buyer's Agent in 2025
Spencer Sifinski
Real Broker, LLC - Carolina Collective Realty
(954) 459-1837
1 in this area
23 Total Sales
-
Richard Johnson
R
Seller's Agent in 2023
Richard Johnson
Cityspace Management
(919) 271-2062
24 in this area
29 Total Sales
Map
Source: Doorify MLS
MLS Number: 2496605
APN: 1703.17-21-3781-000
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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 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
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