NOT LISTED FOR SALE

505 Cole St Raleigh, NC 27605

Historic Glenwood-Brooklyn Neighborhood

Estimated Value: $905,000 - $1,154,000

3 Beds
2 Baths
2,547 Sq Ft
$416/Sq Ft Est. Value

Last Sold November 01, 2022

Last sale price $950,000 $373 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,442/month

26 Days on Market

Highlights

  • The property is located in a historic district
  • Craftsman Architecture
  • Wood Flooring
  • Partnership Elementary School Rated A-
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of November 2022

This rare find is the perfect blend of historic charm and modern amenities with an open floor plan and located in the Glenwood-Brooklyn Historic district; walkable to all that downtown has to offer. The first floor features a flowing floor plan with a formal dining and bar/sitting room next to the kitchen with center island, gorgeous cabinets, a coffered ceiling & lots of storage space. The kitchen opens to the living room with access to large deck overlooking fenced in and landscaped yard. All bedrooms are located on the 1st floor, with a huge master with a recently added trap door wine cellar and deck access. The upstairs features a loft style bonus room plus an additional flex space, perfect for a home gym or office. Home also features a whole home generator and dedicated parking in back, unique for downtown.

Last Agent to Sell the Property

Autumn DuBois

DuBois Property Group License #274241 Listed on: 08/31/2022

Last Buyer's Agent

Babs Vinson

Compass -- Raleigh License #267508

Compass -- Raleigh

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,986

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced Yard
  • Landscaped

Home Design

  • Craftsman Architecture
  • Transitional Architecture
  • Shake Siding

Interior Spaces

  • 2,547 Sq Ft Home
  • 1.5-Story Property
  • Central Vacuum
  • Coffered Ceiling
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Bonus Room
  • Utility Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity
  • Private Water Closet
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • Garage
  • Rear-Facing Garage
  • Private Driveway
  • On-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters
  • Porch

Location

  • The property is located in a historic district

Schools

  • Partnership Elementary School
  • Oberlin Middle School
  • Broughton High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Power Generator
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Association fees include unknown
  • Glenwood Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,986

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Subdivision Name: Glenwood
  • Above Grade Finished Sq Ft: 2547.0
  • Architectural Style: Craftsman, Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Below Grade Unfinished Area: 217.0
  • General Property Information Total Unfinished Area2: 217.0
  • General Property Information Lot Size Dimensions: Buyer to obtain survey
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features Water Closet: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Bathtub Only: Yes
  • Architectural Style Craftsman: Yes
  • Levels One and One Half: Yes
  • Community Features Historical Area: Yes
  • Room Types Mud Room: Yes
  • General Property Information Above Grade Finished Area: 2547.0
  • General Property Information Carport YN: No
  • Other Equipment Generator: Yes
  • General Property Information Lot Size Square Feet2: 7405.2
  • General Property Information Lot Size Acres: 0.17
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bathtub Only, Ceiling Fan(s), Central Vacuum, Coffered Ceiling(s), Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, Pantry, Primary Downstairs, Separate Shower, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower, Water Closet, Whirlpool Tub
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Water Heater, Gas Cooktop, Microwave, Refrigerator, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Gas, Gas Log
  • Fireplaces: 1
  • Total Bedrooms: 12
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Gas4: Yes
  • Interior Features:Central Vacuum: Yes
  • Interior Features:Coffered Ceiling(s): Yes
  • Interior Features:Whirlpool Tub: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Fenced Yard, Rain Gutters
  • Acres: 0.17
  • Construction Type: Fiber Cement, Shake Siding
  • Patio And Porch Features: Deck, Patio, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Blinds: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck2: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Construction Materials:Shake Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway, Garage Faces Rear, On Street
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Garage Faces Rear: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Historical Area
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Broughton
  • Middle Or Junior School: Wake - Oberlin

Lot Info

  • Lot Dimensions: Buyer to obtain survey
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6986.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Wake - Partnership

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Oct 24, 2022
Sold by
Adams John
Bought by
Mcdonald Margaret T and Mcdonald Joseph Neil
Seller's Agent
Autumn DuBois
DuBois Property Group
Buyer's Agent
Babs Vinson
Compass -- Raleigh
List Price
$1,050,000
Sold Price
$950,000
Premium/Discount to List
-$100,000
-9.52%
Views
1
Current Estimated Value
$1,058,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,478
Avg. Annual Appreciation
2.69%
Original Mortgage
$75,000
Outstanding Balance
$72,684
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$951,509

Purchase Details

Closed on
May 6, 2016
Sold by
Eaton Jeffrey J and Paradis Kristen S
Bought by
Adams John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$553,438
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2013
Sold by
Frazier Mary Melissa
Bought by
Eaton Jeffrey J and Paradis Kristen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 24, 2012
Sold by
Kennighan Thomas F
Bought by
Frazier Mary Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2009
Sold by
Lee & Weaver Property Associates Llc
Bought by
Kennihan Thomas F and Frazier Mary Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,250
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2008
Sold by
Cityspace Investment Group Llc
Bought by
Lee & Weaver Property Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,750
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2005
Sold by
The Coleman Group Inc
Bought by
Cityspace Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
5.68%
Mortgage Type
Construction
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
Mcdonald Margaret T $950,000 --
Adams John $615,000 None Available
Eaton Jeffrey J $540,000 None Available
Frazier Mary Melissa -- None Available
Frazier Mary Melissa -- None Available
Kennihan Thomas F $473,000 None Available
Lee & Weaver Property Associates Llc $217,000 None Available
Cityspace Investment Group Llc $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonald Margaret T $75,000
Previous Owner Adams John Robert $524,500
Previous Owner Adams John $553,438
Previous Owner Frazier Mary Melissa $417,000
Previous Owner Frazier Mary Melissa $370,500
Previous Owner Frazier Mary Melissa $41,750
Previous Owner Kennihan Thomas F $425,250
Previous Owner Lee & Weaver Property Associates Llc $162,750
Previous Owner Cityspace Investment Group Llc $207,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $950,000 -- --
11/01/2022 11/01/22 Sold $950,000 -4.5% $373 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/12/2022 09/12/22 Price Changed $995,000 -5.2% $391 / Sq Ft
08/31/2022 08/31/22 For Sale $1,050,000 -- $412 / 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
2024 $8,235 $945,908 $450,000 $495,908
2023 $7,519 $687,969 $285,000 $402,969
2022 $6,986 $687,969 $285,000 $402,969
2021 $6,714 $687,969 $285,000 $402,969
2020 $6,591 $687,969 $285,000 $402,969
2019 $6,313 $543,023 $220,000 $323,023
2018 $5,930 $540,946 $220,000 $320,946
2017 $5,647 $540,946 $220,000 $320,946
2016 $5,531 $540,946 $220,000 $320,946
2015 $5,190 $499,311 $218,400 $280,911
2014 $4,922 $499,311 $218,400 $280,911
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Autumn DuBois

    DuBois Property Group

  • B

    Buyer's Agent in 2022

    Babs Vinson

    Compass -- Raleigh

    (919) 602-3003

    1 in this area

    14 Total Sales

    Babs Vinson
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Map

Source: Doorify MLS

MLS Number: 2471702

Doorify MLS

APN: 1704.11-55-3064-000

North Carolina Wake County Raleigh 27605 Historic Glenwood-Brooklyn

505 Cole St, Raleigh, NC

This home is located at 505 Cole St, Raleigh, NC 27605 since 31 August 2022 and is currently estimated at $1,058,478, approximately $415 per square foot. This property was built in 1925. 505 Cole St is a home located in Wake County with nearby schools including Partnership Elementary School, Oberlin Middle School, and Broughton Magnet 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.

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