NOT LISTED FOR SALE

5105 Memory Rd Raleigh, NC 27609

North Hills Neighborhood

Estimated Value: $500,772

3 Beds
1 Bath
1,449 Sq Ft
$346/Sq Ft Est. Value

Sale Details

Date Sold: March 28, 2024

Last sale price $475,000 $328 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,053 / mo

97 Days on Market

Highlights

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

About This Home

As of March 2024

Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Though the property is currently being lived in, 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 5101 Memory Rd as a simuataneous closing/transaction--seeMLS#2532283 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

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 Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,323

Year Built

  • Built in 1957

Lot Details

  • 20,038 Sq Ft Lot
  • Lot Dimensions are 116x135x34x130x169
  • Property is zoned OX3

Parking

  • Private Driveway

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,449 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Vinyl Flooring

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

$2,323

Year Built

Built in 1957

Lot Details

0.46 Acres

Listing Details

  • Year Built: 1957
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1449.0
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 116x135x34x130x169
  • 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 Craftsman: Yes
  • General Property Information Senior Community YN: No
  • Heating None12: Yes
  • Cooling None4: Yes
  • General Property Information Above Grade Finished Area: 1449.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 20037.6
  • General Property Information Lot Size Acres: 0.46
  • General Property Information:Living Area3: 1449.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

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

Exterior Features

  • Acres: 0.46
  • 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

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Zoning: OX3
  • Lot Dimensions: 116x135x34x130x169
  • Lot Size Sq Ft: 20037.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2323.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - Millbrook

Ownership 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 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
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
481
Current Estimated Value
$500,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,772
Avg. Annual Appreciation
2.15%

Purchase Details

Closed on
Apr 20, 2016
Sold by
Lockwood William Torres and Lockwood Christine Holloway
Bought by
Lockwood William and Lockwood Christine

Purchase Details

Closed on
Feb 28, 2007
Sold by
Austin Family Properties Llc
Bought by
Cedarhurst Assn Llc

Purchase Details

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in North Hills, NC

  • Kate Kenney Real Estate Agent - Compass -- Raleigh

    Kate Kenney

    Compass -- Raleigh

    (984) 221-8740

    179 Total Sales

    13 in North Hills

    $425K - $3.7M Price Range

    Kate Kenney
     Section Image
  • Thomas Iuliucci Real Estate Agent - Northside Realty Inc.

    Thomas Iuliucci

    Northside Realty Inc.

    (910) 900-6487

    263 Total Sales

    2 in North Hills

    $398K - $703K Price Range

    Thomas Iuliucci
     Section Image
  • Susan Doninger Greer Real Estate Agent - Howard Hanna Allen Tate Raleigh Glenwood

    Susan Doninger Greer

    Howard Hanna Allen Tate Raleigh Glenwood

    (984) 833-2250

    174 Total Sales

    7 in North Hills

    $475K - $3.3M Price Range

    Susan Doninger Greer
     Section Image
  • Mary Kathryn Basnight Real Estate Agent - Compass -- Raleigh

    Mary Kathryn Basnight

    Compass -- Raleigh

    (888) 375-6811

    53 Total Sales

    5 in North Hills

    $506K - $1.9M Price Range

    Mary Kathryn Basnight
     Section Image
  • Petra Thomas Real Estate Agent - EXP Realty LLC

    Petra Thomas

    Responds Quickly

    EXP Realty LLC

    (984) 789-3238

    117 Total Sales

    2 in North Hills

    $253K - $260K Price Range

    Petra Thomas
     Section Image
  • Jared Cozart Real Estate Agent - Luxe Residential, LLC

    Jared Cozart

    Luxe Residential, LLC

    (252) 294-6264

    15 Total Sales

    3 in North Hills

    $1M - $4M Price Range

    Jared Cozart
     Section Image
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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
$950,000 None Listed On Document
Lockwood William -- None Available
Cedarhurst Assn Llc -- None Available
Austin Family Properties Llc -- None Available
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
03/28/2024 03/28/24 Sold $475,000 -13.6% $328 / 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 -- $380 / Sq Ft
Source: Doorify MLS

Tax 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.

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 $3,322 $378,653 $288,547 $90,106
2024 $3,309 $378,653 $288,547 $90,106
2023 $2,323 $211,262 $151,487 $59,775
2022 $2,159 $211,262 $151,487 $59,775
2021 $2,076 $211,262 $151,487 $59,775
2020 $2,038 $211,262 $151,487 $59,775
2019 $2,632 $225,361 $179,540 $45,821
2018 $2,482 $225,361 $179,540 $45,821
2017 $2,364 $225,361 $179,540 $45,821
2016 $2,316 $225,361 $179,540 $45,821
2015 $1,609 $153,442 $150,285 $3,157
2014 $1,526 $153,442 $150,285 $3,157
Source: Public Records

Agents Affiliated with this Home

  • PL

    Seller's Agent in 2024

    Phil Layton

    Market-One Realty, LLC

    (919) 740-3324

    9 in this area

    31 Total Sales

    Phil Layton
    Section Image
  • Dana Lemon Real Estate Agent - Southern Lux Living

    Buyer's Agent in 2024

    Dana Lemon

    Southern Lux Living

    (706) 224-1517

    3 in this area

    68 Total Sales

    Dana Lemon
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2532285

Doorify MLS

APN: 1716.14-44-8297-000

North Carolina Wake County Raleigh 27604 North Hills

5105 Memory Rd, 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.

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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.

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