NOT LISTED FOR SALE

505 Freeman St Raleigh, NC 27601

Olde East Raleigh Neighborhood

Estimated Value: $328,000 - $365,000

2 Beds
1 Bath
1,000 Sq Ft
$349/Sq Ft Est. Value

About This Home

Welcome to 505 Freeman Street — a cozy and well-located 2-bedroom, 1-bath single-family home offering convenience, character, and easy access to everything Raleigh has to offer.

This home is ideally positioned just minutes from **Downtown Raleigh**, giving you quick access to top-rated restaurants, local coffee shops, breweries, entertainment venues, and cultural attractions. Commuters will appreciate the **convenient access to I-40 and I-440**, making travel throughout the Triangle seamless, including access to RTP, NC State University, and surrounding areas.

**Location Highlights:**

* Minutes to Downtown Raleigh
* Close to major highways (I-40 & I-440)
* Near parks and green spaces
* Convenient to public transit routes
* Short drive to NC State University and RTP
* Nearby shopping, dining, and everyday essentials

This property offers the privacy of a standalone home with the benefit of a central location — perfect for professionals, small families, or anyone looking to enjoy Raleigh living without the downtown price tag.

If you’re looking for a well-situated home that keeps you connected to the best of the city, 505 Freeman Street delivers both comfort and convenience.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 1998
Sold by
Wall Linda E
Bought by
Mangum Ricky E
Current Estimated Value
$348,749
Source: Public Records

Range of Values:

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

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ICE

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First American

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Quantarium

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Mangum Ricky E $8,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2026 05/03/26 Off Market $1,300 -- --
04/01/2026 04/01/26 For Rent $1,300 0.0% --
02/25/2026 02/25/26 Off Market $1,300 -- --
02/15/2026 02/15/26 Price Changed $1,300 -11.9% $1 / Sq Ft
02/12/2026 02/12/26 For Rent $1,475 -- --

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 $2,912 $331,641 $275,000 $56,641
2024 $2,900 $331,641 $275,000 $56,641
Source: Public Records

Map

North Carolina Wake County Raleigh 27601 Olde East Raleigh

505 Freeman St, Raleigh, NC

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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