NOT LISTED FOR SALE

5001 Glenmorgan Ln Raleigh, NC 27616

Northeast Raleigh Neighborhood

Estimated Value: $617,000

5 Beds
4 Baths
3,563 Sq Ft
$173/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $649,000 $182 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,853/month

84 Days on Market

Highlights

  • New Construction
  • Wood Flooring
  • Bonus Room
  • Craftsman Architecture
  • Main Floor Bedroom
  • High Ceiling

About This Home

As of May 2023

Optional 5.25% APR Fixed Rate for Eligible Buyers!! Step into luxury with this magnificent 3-story, 5-bed/4-bath home situated on a large lot. The spacious and expansive living areas make this the perfect home for entertaining and comfortable family living. The sunroom is the perfect place to soak up the sun and enjoy the outdoors all year round. Impress your guests with a theater/loft, the perfect place to watch movies, play games, or relax. The spacious owner's suite features a comfortable retreat with plenty of room for rest and relaxation. The first-floor guest suite offers convenience and privacy for your guests. With 5 bedrooms, 4 full bathrooms, and ample living space, this home is perfect for growing families or those who love to entertain. Don't miss this rare opportunity to own a home that has it all! Eligible Select Drees Market Homes must be under contract between March 1, 2023 and March 31, 2023. Drees has the right to end the campaign earlier and/or increase the rate should the original block of funds no longer be available.

Last Agent to Sell the Property

Joe Wolf

Drees Homes License #292817 Listed on: 02/04/2023

Last Buyer's Agent

Rakesh Sethi

Kross Realty Inc. License #246981

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $792

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 132x58x132x68

HOA Fees

  • $89 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Frame Construction

Interior Spaces

  • 3,563 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Family Room
  • Bonus Room
  • Crawl Space
  • Pull Down Stairs to Attic

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater

Community Details

Overview

  • Built by DREES Homes
  • Belmont Subdivision, 3 Story Trawick Floorplan

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$792

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$89 per month

Parking

2

Listing Details

  • Builder Name: DREES Homes
  • Builder Model: 3 Story Trawick
  • Year Built: 2023
  • Prop. Type: Residential
  • Subdivision Name: Belmont
  • Above Grade Finished Sq Ft: 3563.0
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 993.0
  • General Property Information Total Unfinished Area2: 993.0
  • General Property Information Lot Size Dimensions: 132x58x132x68
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Attic Features Pull-Down Stairs: Yes
  • Laundry Features Laundry Room: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2023-02-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: M
  • Room Types Bonus Room: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Flooring Wood: Yes
  • Architectural Style Craftsman: Yes
  • General Property Information Above Grade Finished Area: 3563.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 8276.4
  • General Property Information Lot Size Acres: 0.19
  • General Property Information Builder Name: DREES Homes
  • General Property Information Builder Model: 3 Story Trawick
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Combination, Wood
  • Interior Amenities: High Ceilings
  • Basement: Crawl Space
  • Appliances: Gas Water Heater, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Total Bedrooms: 13
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:High Ceilings: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Acres: 0.19
  • Construction Type: Fiber Cement
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Natural Gas, Zoned
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Association Fee: 1068.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Association Amenities:Pool: Yes
  • General Property Information:Association Fee: 1068.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Dimensions: 132x58x132x68
  • Lot Size Sq Ft: 8276.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 792.0

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2023
Closed on
May 18, 2023
Sold by
Drees Homes Company
Bought by
Sharma Vikrant
Seller's Agent
Joe Wolf
Drees Homes
Buyer's Agent
Rakesh Sethi
Kross Realty Inc.
List Price
$649,900
Sold Price
$649,000
Premium/Discount to List
-$900
-0.14%
Views
190
Current Estimated Value
$617,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,000
Avg. Annual Appreciation
-2.17%
Original Mortgage
$519,200
Outstanding Balance
$505,317
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$111,683
Source: Public Records

Range of Values:

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Average Value
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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
Sharma Vikrant $649,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharma Vikrant $519,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $649,000 -- --
05/31/2023 05/31/23 Sold $649,000 0.0% $182 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
04/28/2023 04/28/23 Price Changed $649,000 -0.1% $182 / Sq Ft
02/03/2023 02/03/23 For Sale $649,900 -- $182 / 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
2025 $6,069 $693,599 $110,000 $583,599
2024 $6,044 $693,599 $110,000 $583,599
2023 $3,247 $449,878 $70,000 $379,878
2022 $709 $70,000 $70,000 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Joe Wolf

    Drees Homes

    (919) 987-5226

    30 in this area

    79 Total Sales

    Joe Wolf
    Section Image

  • R

    Buyer's Agent in 2023

    Rakesh Sethi

    Kross Realty Inc.

    1 in this area

    9 Total Sales

    Rakesh Sethi
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2493567

Doorify MLS

APN: 1736.18-20-5954-000

North Carolina Wake County Raleigh 27616 Northeast Raleigh

5001 Glenmorgan Ln, Raleigh, NC

This home is located at 5001 Glenmorgan Ln, Raleigh, NC 27616 since 04 February 2023 and is currently estimated at $617,000, approximately $173 per square foot. This property was built in 2023. 5001 Glenmorgan Ln is a home located in Wake County with nearby schools including Beaverdam Elementary School, River Bend Middle, and Rolesville High School.

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.

Doorify MLS 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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