2040 Milburnie Rd Raleigh, NC 27610
King Charles NeighborhoodEstimated payment $6,528/month
Highlights
- 0.7 Acre Lot
- Partially Wooded Lot
- Brush Vegetation
- Underwood Magnet Elementary School Rated A
- No HOA
About This Lot
LOCATION, LOCATION, LOCATION;
Great corner lot convenient to downtown Raleigh at the intersection of North Raleigh Blvd and Milburnie Road;
Outstanding Investment Opportunity; Property Zoned R6 at .7 Acres with the option to pursue multiple build scenarios via subdividing the lot and building single-family, townhomes or duplexes which has to be approved by the Raleigh Planning Department; Raleigh Planning indicates they are receptive to more dense building and possible rezoning based on the new owner interest, again subject to the Raleigh Planning Department Approval: Owner plans to have existing home moved from the lot prior to closing however may be willing to include the home in the sale as-is to the buyer if not able to get it moved in sufficient time. There is a vacant attached lot to our listing on Colleton. If you are able to convince that owner to sell along with buying our property would provide sizeable area on that corner to make a development impact. All Offers presented to Seller!
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,132
Lot Details
- 0.7 Acre Lot
- Lot Dimensions are 107x230x180x219
- Brush Vegetation
- Cleared Lot
- Partially Wooded Lot
- Property is zoned R6
Schools
- Underwood Elementary School
- Martin Middle School
- Enloe High School
Utilities
- Cable TV Available
Community Details
- No Home Owners Association
- Longview Park Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,107 | $355,384 | $280,000 | $75,384 |
| 2023 | $2,719 | $247,578 | $161,000 | $86,578 |
| 2022 | $2,527 | $247,578 | $161,000 | $86,578 |
| 2021 | $2,429 | $247,578 | $161,000 | $86,578 |
| 2020 | $2,385 | $247,578 | $161,000 | $86,578 |
| 2019 | $1,420 | $120,803 | $55,200 | $65,603 |
| 2018 | $1,340 | $120,803 | $55,200 | $65,603 |
| 2017 | $1,277 | $120,803 | $55,200 | $65,603 |
| 2016 | $1,251 | $120,803 | $55,200 | $65,603 |
| 2015 | -- | $87,259 | $42,000 | $45,259 |
| 2014 | -- | $87,259 | $42,000 | $45,259 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Price Changed | $1,150,000 | -11.5% | -- |
| 06/25/2025 06/25/25 | For Sale | $1,300,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Attorney | |
| Deed | $52,500 | -- |
Source: Doorify MLS
MLS Number: 10105366
APN: 1714.18-41-7848-000
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 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
- 509 Colleton Rd
- 707 Colleton Rd
- 447 N Fisher St
- 1906 Oak City Ln
- 1928 Robin Hill Ln
- 829 Colleton Rd
- 1924 Robin Hill Ln
- 301 N King Charles Rd
- 709 Brighton Rd
- 2324 Stevens Rd
- 2302 Derby Dr
- 2331 Stevens Rd
- 6 Hill St
- 1105 Glascock St Unit 101 & 102
- 1105 Glascock St Unit 101
- 1000 Addison Place Unit 102
- 2309 Bertie Dr
- 1512 E Lane St
- 2316 Milburnie Rd
- 713 N State St
- 401 Lord Berkley Rd
- 1510 Boyer St Unit 102
- 2110 Birkhall St
- 2418 Stevens Rd
- 1304 E Jones St
- 2200 Millbank Village Ct Unit 102
- 1413 Battery Dr
- 101 Russ St
- 1825 Watkins St
- 1300 Marlborough Rd
- 720 Holden St
- 123 Idlewild Ave Unit 301
- 863 Dalewood Dr
- 1406 Brookside Dr
- 2107 Woodview Dr
- 304 Linden Ave
- 216 Linden Ave Unit 1/2
- 5 Seawell Ave Unit 106
- 712 E Edenton St Unit 105
- 121 Camden St