NOT LISTED FOR SALE

Estimated Value: $235,000

2.07 Acres
$113,527 Price per Acre
90,169 Sq Ft Lot

Last Sold May 24, 2021

Last sale price $250,000

Est. 6% decrease in value since last sale

Current estimated payment $1,345/month

21 Days on Market

Highlights

  • 2.07 Acre Lot
  • Wooded Lot
  • Corner Lot
  • Pleasant Union Elementary School Rated A

About This Lot

As of May 2021

Corner Lot, 2 Acres, in the prime location of N Raleigh. Not in a subdivision. Choose your own builder with no time restriction to built. 5 BD septic was already approved when the land was originally purchased. From 2 acres land, 1.68 acres is buildable and the rest can be used to create a great landscaping and privacy. Gorgeous new houses have been built in the neighborhood. Zoning R-40w. Very close to Falls lake, easy access to I-540... Great opportunity to built a beautiful house in a great location.

Last Agent to Sell the Property

Fara Pourshariati

Compass -- Raleigh License #290888 Listed on: 03/26/2021

Compass -- Raleigh

Last Buyer's Agent

Cyndi Miller

Choice Residential Real Estate License #309879

Choice Residential Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,361

Lot Details

  • 2.07 Acre Lot
  • Property fronts an easement
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot

Schools

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

Utilities

  • Well Required
  • Perc Test On File For Septic Tank
  • Septic Needed
  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$1,361

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Easement
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Utilities Cable Available: Yes
  • Sewer Septic Needed: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Vegetation Cleared2: Yes
  • Water Source Need Well: Yes
  • Road Frontage Type Easement: Yes
  • Sewer Perc Test On File: Yes
  • General Property Information Lot Size Acres: 2.067
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 2.07
  • Lot Features:Corner Lot: Yes
  • Lot Features:Level: Yes
  • Lot Features:Sloped: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Water Source: Need Well

Schools

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

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 90038.52
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
May 24, 2021
Sold by
Bahadori Vahideh and Bahadori Reza
Bought by
Franklin John and Franklin Rachel
Seller's Agent
Fara Pourshariati
Compass -- Raleigh
Buyer's Agent
Cyndi Miller
Choice Residential Real Estate
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,000
Avg. Annual Appreciation
-1.39%
Original Mortgage
$487,500
Outstanding Balance
$441,797
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$206,797

Purchase Details

Closed on
Jan 12, 2004
Sold by
Arnold John M and Arnold Martha D
Bought by
Bahadori Vahideh
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 Buyer Sale Price Title Company
Franklin John $250,000 None Available
Bahadori Vahideh $116,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franklin John $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $250,000 -- --
05/24/2021 05/24/21 Sold $250,000 0.0% --
04/16/2021 04/16/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $250,000 -- --
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
2025 $1,361 $212,740 $212,740 --
2024 $1,321 $212,740 $212,740 $0
2023 $1,167 $149,640 $149,640 $0
2022 $1,081 $149,640 $149,640 $0
2021 $1,052 $149,640 $149,640 $0
2020 $1,034 $149,640 $149,640 $0
2019 $1,126 $137,920 $137,920 $0
2018 $0 $137,920 $137,920 $0
2017 $0 $137,920 $137,920 $0
2016 $0 $137,920 $137,920 $0
2015 -- $132,000 $132,000 $0
2014 -- $132,000 $132,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2374255

Doorify MLS

APN: 0890.01-08-5099-000