NOT LISTED FOR SALE

5013 Memory Rd Raleigh, NC 27609

North Hills Neighborhood

Estimated Value: $532,000 - $652,000

0.81 Acre
$744,342 Price per Acre
35,284 Sq Ft Lot

Last Sold October 04, 2023

Last sale price $550,000

Est. 10% increase in value since last sale

Current estimated payment $3,547/month

14 Days on Market

Highlights

  • 0.81 Acre Lot
  • Millbrook High School Rated A-
  • Level Lot

About This Lot

As of October 2023

Zone OX-3 (Office Mixed Used) The property was fornerly used as a parking lot. Great zoning includes mult-family-residential and office. Great site to develop for multi-family including townhomes--duplexes--Quads--small apartment complex. No apparent minimum/maximum density requirement. Fantastic location/area for residential development and medical offices. Multi-million dollar improvements being made to properties located at the intersection of Falls of Neuse Rd and Millbrook Rd including a $10 Mill Plus addition to the Quail Corners Shopping Center. Also major re-development of Medical offices at North West side of Millbrook and Falls of Neuse. Walk to Quail Corners Shopping Center where more new restaurants and tenants are being planned to accomodate the new addition. Very near the bus line.

Last Agent to Sell the Property

Phil Layton

Market-One Realty, LLC License #43837 Listed on: 07/20/2023

Last Buyer's Agent

Jim Allen

Daughtry Realty License #126077

Property Details

Property Type

  • Land

Lot Details

  • 0.81 Acre Lot
  • Lot Dimensions are 110x320
  • Level Lot
  • Property is zoned OX-3

Schools

  • Millbrook Elementary School
  • East Millbrook Middle School
  • Millbrook High School

Utilities

  • Cable TV Available

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • General Property Information Lot Size Dimensions: 110x320
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • General Property Information Lot Size Square Feet2: 35280.0
  • General Property Information Lot Size Acres: 0.8099
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.81
  • Lot Features:Level: Yes
  • Lot Features:Other19: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Water Source: Other

Schools

  • Ninth Grade High School: Wake - Millbrook
  • Middle Or Junior School: Wake - East Millbrook

Lot Info

  • Zoning: OX-3
  • Current Use: Vacant
  • Lot Dimensions: 110x320
  • Lot Size Sq Ft: 35280.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: PIN# 1716438912

MLS Schools

  • Elementary School: Wake - Millbrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Sep 29, 2023
Sold by
Austin Family Properties Llc
Bought by
Heidel Holding Company Llc
Seller's Agent
Phil Layton
Market-One Realty, LLC
Buyer's Agent
Jim Allen
Daughtry Realty
List Price
$600,000
Sold Price
$550,000
Premium/Discount to List
-$50,000
-8.33%
Views
25
Current Estimated Value
$602,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,917
Avg. Annual Appreciation
4.22%
Original Mortgage
$412,500
Outstanding Balance
$404,343
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$198,574

Purchase Details

Closed on
Dec 6, 2005
Sold by
Austin Dan C and Austin Joanne L
Bought by
Austin Family Properties Llc

Purchase Details

Closed on
Sep 23, 1999
Sold by
Rima Associates
Bought by
Austin Dan C and Austin Joanne L

Purchase Details

Closed on
Apr 21, 1995
Bought by
Austin Family Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Heidel Holding Company Llc $550,000 None Listed On Document
Austin Family Properties Llc -- None Available
Austin Dan C -- --
Austin Family Properties Llc $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heidel Holding Company Llc $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $550,000 -- --
10/04/2023 10/04/23 Sold $550,000 -8.3% --
08/03/2023 08/03/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $600,000 -- --
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 $4,657 $533,970 $508,090 $25,880
2024 $4,638 $533,970 $508,090 $25,880
2023 $3,171 $290,897 $266,747 $24,150
2022 $2,945 $290,897 $266,747 $24,150
2021 $2,830 $290,897 $266,747 $24,150
2020 $2,779 $290,897 $266,747 $24,150
2019 $3,385 $292,047 $266,747 $25,300
2018 $3,191 $292,047 $266,747 $25,300
2017 $3,038 $292,047 $266,747 $25,300
2016 $2,975 $292,047 $266,747 $25,300
2015 $2,740 $264,630 $264,630 $0
2014 $2,598 $264,630 $264,630 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Phil Layton

    Market-One Realty, LLC

    (919) 740-3324

    8 in this area

    25 Total Sales

    Phil Layton
    Section Image
  • Jim Allen

    Buyer's Agent in 2023

    Jim Allen

    Daughtry Realty

    (919) 845-9909

    190 in this area

    4,703 Total Sales

    Jim Allen
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2522604

Doorify MLS

APN: 1716.14-43-8912-000

North Carolina Wake County Raleigh 27609 North Hills

5013 Memory Rd, Raleigh, NC

Not Listed for Sale

Lots

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