NOT LISTED FOR SALE

506 E Franklin St Raleigh, NC 27604

Mordecai Neighborhood

Estimated Value: $961,000 - $1,052,000

3 Beds
3 Baths
2,330 Sq Ft
$427/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $910,000 $391 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,927/month

3 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Bonus Room
  • Conn Elementary Rated A-
  • Whirlpool Bathtub
  • 3-minute walk to Oakwood Commons Park

About This Home

As of April 2022

Beautiful bungalow in historic Oakdale. Premier location. Walk to restaurants, entertainment, museums, and downtown Raleigh. Hardwood floors. Recent architect led renovation. Fireplace. First floor master bedroom w WIC. Luxury bath has dual vanity, separate shower, and whirlpool tub. Interior and exterior freshly painted. Finished basement has large bonus room, bedroom, and full bath with steam shower. Rocking chair front porch. Deck with view of Raleigh skyline. Good storage in walk in crawlspace.

Last Agent to Sell the Property

Brad Thomas

Wieland Properties, Inc. License #181157 Listed on: 02/26/2022

Last Buyer's Agent

Meg Bullard

Corcoran DeRonja Real Estate License #278718

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,919

Year Built

  • Built in 1924

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Bungalow
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Pull Down Stairs to Attic

Kitchen

  • Electric Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Partially Finished Basement

  • Interior and Exterior Basement Entry
  • Crawl Space

Parking

  • Parking Pad
  • Gravel Driveway

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Oakdale Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,919

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Year Built: 1924
  • Prop. Type: Residential
  • Subdivision Name: Oakdale
  • Above Grade Finished Sq Ft: 1782.0
  • Architectural Style: Bungalow
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see plat
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Levels One: 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
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: B
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Architectural Style Bungalow: Yes
  • In-Law Suite Details Separate Entry: Yes
  • General Property Information Above Grade Finished Area: 1782.0
  • General Property Information Below Grade Finished Area: 548.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 6098.4
  • General Property Information Lot Size Acres: 0.14
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings, Primary Downstairs, Separate Shower, Walk-In Closet(s), Walk-In Shower, Whirlpool Tub
  • Basement: Crawl Space, Exterior Entry, Interior Entry, Partially Finished
  • Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Washer
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 548.0
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Total Bedrooms: 8
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Electric Cooktop: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Basement:Partially Finished: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Whirlpool Tub: Yes
  • Laundry Features:In Kitchen: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.14
  • Construction Type: Fiber Cement, Wood Siding
  • Patio And Porch Features: Deck, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel, Parking Pad
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Parking Pad: Yes

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • 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

  • Lot Dimensions: see plat
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4919.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2022
Closed on
Mar 29, 2022
Sold by
Barbara C Stanley Revocable Trust
Bought by
Lee Andrea and Wang Ye
Seller's Agent
Brad Thomas
Wieland Properties, Inc.
Buyer's Agent
Meg Bullard
Corcoran DeRonja Real Estate
List Price
$849,000
Sold Price
$910,000
Premium/Discount to List
$61,000
7.18%
Current Estimated Value
$993,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,883
Avg. Annual Appreciation
2.58%
Original Mortgage
$728,000
Outstanding Balance
$685,037
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$308,846
Source: Public Records

Range of Values:

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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
Lee Andrea $910,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Andrea $728,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $910,000 -- --
04/04/2022 04/04/22 Sold $910,000 +7.2% $391 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $849,000 -- $364 / 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 $7,585 $867,430 $500,000 $367,430
2024 $7,554 $867,430 $500,000 $367,430
2023 $5,610 $512,848 $240,000 $272,848
2022 $5,213 $512,848 $240,000 $272,848
2021 $5,010 $512,848 $240,000 $272,848
2020 $4,919 $512,848 $240,000 $272,848
2019 $5,686 $488,880 $200,000 $288,880
2018 $5,362 $488,880 $200,000 $288,880
2017 $5,106 $488,880 $200,000 $288,880
2016 $5,001 $488,880 $200,000 $288,880
2015 $4,970 $478,000 $196,000 $282,000
2014 $4,713 $478,000 $196,000 $282,000
Source: Public Records

Agents Affiliated with this Home

  • Brad Thomas

    Seller's Agent in 2022

    Brad Thomas

    Wieland Properties, Inc.

    (919) 616-3999

    1 in this area

    54 Total Sales

    Brad Thomas
    Section Image

  • M

    Buyer's Agent in 2022

    Meg Bullard

    Corcoran DeRonja Real Estate

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2433440

Doorify MLS

APN: 1704.16-92-3574-000

North Carolina Wake County Raleigh 27604 Mordecai

506 E Franklin St, Raleigh, NC

This home is located at 506 E Franklin St, Raleigh, NC 27604 since 26 February 2022 and is currently estimated at $993,883, approximately $426 per square foot. This property was built in 1924. 506 E Franklin St is a home located in Wake County with nearby schools including Conn Elementary, 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.

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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