NOT LISTED FOR SALE

5101 Memory Rd Raleigh, NC 27609

North Hills Neighborhood

Estimated Value: $437,640 - $532,000

3 Beds
1 Bath
1,348 Sq Ft
$354/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $475,000 $352 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,746/month

97 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • 1-Story Property
  • Millbrook High School Rated A-
  • Bungalow
  • Private Driveway

About This Home

As of March 2024

Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Property is vacant, it is a tear down where the underlying lot has multiple options for development including single family residential, multi-family, townhomes, apartments, Quadplex, duplex and a Office than can be 3 stories high. There are billions of dollars being invested in Midtown including tens of millions of dollars being invested in very close nearby properties. Also--Significant up-rezonings in the process in the nearby area. This property must be purchase with the adjacent property 5105 Memory Rd as a simuataneous closing/transaction--seeMLS-2532285 Properties Being Sold As Is. Property listed for it's land value--agent has not been inside properties therefore there may be discepancies to the details listed in MLS.

Last Agent to Sell the Property

Phil Layton

Market-One Realty, LLC License #43837 Listed on: 09/14/2023

Last Buyer's Agent

Dana Lemon

Southern Lux Living License #337926

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,180

Year Built

  • Built in 1958

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 100x175x100x179

Parking

  • Private Driveway

Home Design

  • Bungalow
  • Brick Exterior Construction

Interior Spaces

  • 1,348 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Vinyl Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

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

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,180

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Year Built: 1958
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1348.0
  • 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: 100x175x100x179
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Levels One: Yes
  • Structure Type Site Built: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Vinyl: Yes
  • Architectural Style Bungalow: Yes
  • Heating None12: Yes
  • Cooling None4: Yes
  • General Property Information Above Grade Finished Area: 1348.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 17859.6
  • General Property Information Lot Size Acres: 0.41
  • General Property Information:Living Area3: 1348.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Vinyl
  • Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Basement:Crawl Space: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.41
  • Construction Type: Brick
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Heating: None
  • Cooling: None
  • Cooling Y N: No
  • HeatingYN: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Dimensions: 100x175x100x179
  • Lot Size Sq Ft: 17859.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2180.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - Millbrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Mar 28, 2024
Sold by
Austin Family Properties Llc
Bought by
Renewity Holdings Llc
Seller's Agent
Phil Layton
Market-One Realty, LLC
Buyer's Agent
Dana Lemon
Southern Lux Living
List Price
$550,000
Sold Price
$475,000
Premium/Discount to List
-$75,000
-13.64%
Views
546
Current Estimated Value
$477,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,410
Avg. Annual Appreciation
0.29%

Purchase Details

Closed on
May 22, 2006
Sold by
Austin Dan C and Austin Joanne L
Bought by
Austin Family Properties Llc

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
Renewity Holdings Llc $950,000 None Listed On Document
Austin Family Properties Llc -- None Available
Austin Family Properties Llc $90,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2024 03/28/24 Sold $475,000 -13.6% $352 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
12/16/2023 12/16/23 Off Market $550,000 -- --
09/14/2023 09/14/23 For Sale $550,000 -- $408 / 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 $2,943 $335,120 $238,363 $96,757
2024 $3,094 $353,941 $257,184 $96,757
2023 $2,180 $198,146 $135,022 $63,124
2022 $2,026 $198,146 $135,022 $63,124
2021 $1,948 $198,146 $135,022 $63,124
2020 $1,913 $198,146 $135,022 $63,124
2019 $2,436 $208,488 $160,026 $48,462
2018 $2,298 $208,488 $160,026 $48,462
2017 $2,189 $208,488 $160,026 $48,462
2016 $2,144 $208,488 $160,026 $48,462
2015 $1,452 $138,305 $133,950 $4,355
2014 $1,378 $138,305 $133,950 $4,355
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Phil Layton

    Market-One Realty, LLC

    (919) 740-3324

    8 in this area

    25 Total Sales

    Phil Layton
    Section Image
  • Dana Lemon

    Buyer's Agent in 2024

    Dana Lemon

    Southern Lux Living

    (706) 224-1517

    3 in this area

    54 Total Sales

    Dana Lemon
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2532283

Doorify MLS

APN: 1716.14-44-8195-000

North Carolina Wake County Raleigh 27609 North Hills

5101 Memory Rd, Raleigh, NC

Not Listed for Sale

Detached

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