$12,000,000

Estimated payment $65,372/month

Total Views 40,369
4.89 Acres
$2,453,988 Price per Acre
213,008 Sq Ft Lot

Highlights

  • 4.89 Acre Lot
  • Wooded Lot
  • No HOA
  • Enloe High Rated A+

About This Lot

This property has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD). The zoning allows for a Residential Commercial mix development from 16 to 20 stories possible. Up to 928 units of condos, apartment and or hotel rooms. The City is underway for the first proposed BRT station at this location on New Bern Avenue. In addition to the 928 units, there is 70k square of office and 20k for commercial uses.

Listing Agent

J.W. Shearin

Coldwell Banker HPW License #265200 Listed on: 10/25/2023

Coldwell Banker HPW

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,013

Lot Details

  • 4.89 Acre Lot
  • Lot Dimensions are 247x650x1400x271x635x912
  • Sloped Lot
  • Wooded Lot
  • Property is zoned CX12

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 1724221587

Property Details

Property Type

Land

Est. Annual Taxes

$24,013

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: 4 Lane Road
  • Road Surface Type: Asphalt
  • Subdivision Name: Not in a Subdivision
  • General Property Information Lot Size Dimensions: 247x650x1400x271x635x912
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • General Property Information Senior Community YN: No
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • General Property Information Lot Size Square Feet2: 213008.4
  • General Property Information Lot Size Acres: 4.89
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 4.89
  • Lot Features:Sloped: Yes

Utilities

  • Utilities: Electricity Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Zoning: CX12
  • Current Use: Vacant
  • Lot Dimensions: 247x650x1400x271x635x912
  • Lot Size Sq Ft: 213008.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 1724221587

Tax Info

  • Tax Annual Amount: 24012.78
  • Tax Year: 2025

MLS Schools

  • Elementary School: Wake County Schools

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





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 $24,013 $2,753,436 $2,753,436 --
2024 $23,914 $2,753,436 $2,753,436 $0
2023 $12,862 $1,180,044 $1,180,044 $0
2022 $11,948 $1,180,044 $1,180,044 $0
2021 $11,482 $1,180,044 $1,180,044 $0
2020 $11,272 $1,180,044 $1,180,044 $0
2019 $12,171 $1,050,239 $1,050,239 $0
2018 $11,475 $1,050,239 $1,050,239 $0
2017 $10,926 $1,050,239 $1,050,239 $0
2016 $13,910 $1,365,311 $1,365,311 $0
2015 $5,431 $524,464 $524,464 $0
2014 $5,149 $524,464 $524,464 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2024 02/18/24 For Sale $12,000,000 0.0% --
12/16/2023 12/16/23 Off Market $12,000,000 -- --
10/25/2023 10/25/23 For Sale $12,000,000 -- --
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $585,000 --
Deed $800,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $585,000 No Value Available
Source: Public Records

Source: Doorify MLS

MLS Number: 2538929

Doorify MLS

APN: 1724.13-22-1587-000