NOT LISTED FOR SALE

5112 Masota Rd Raleigh, NC 27612

Northwest Raleigh Neighborhood

Estimated Value: $673,774

2.05 Acres
$328,670 Price per Acre
89,298 Sq Ft Lot

Last Sold March 29, 2023

Last sale price $570,000 $295 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,667/month

48 Days on Market

Highlights

  • 2.05 Acre Lot
  • Oberlin Middle School Rated A-
  • Wooded Lot

About This Lot

As of March 2023

Rare, private, ready-to-build land amidst nature but close to all Raleigh has to offer. Come see this secluded property on the edge of Umstead Park with 2-acres of beautiful trees, a clearing for your custom build, and breathtaking views of Turkey Creek. Lot features large crepe myrtle trees and 360-degree views of evergreen and deciduous trees. No city-taxes and just minutes from RDU, Wade Avenue, Glenwood Ave, and I-40. This property offers the best of both worlds - peaceful serenity and easy access to town. With only 5 other homes on Masota Road, you'll have plenty of privacy. Property is ready to build: previous home on the property has been demolished and all debris removed, including the old septic tank. Includes full architectural design, CAD drawings, and Structural Engineering Prelims for a 3-bedroom, 3-bathroom home (3000+ sq ft). Current owner downsizing with change in personal circumstances.

Last Agent to Sell the Property

Steven Koleno

BEYCOME BROKERAGE REALTY LLC License #317956 Listed on: 01/03/2023

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,599

Lot Details

  • 2.05 Acre Lot
  • Property fronts a private road
  • Sloped Lot
  • Wooded Lot

Schools

  • Pleasant Grove Elementary School
  • Oberlin Middle School
  • Broughton High School

Utilities

  • Well

Community Details

  • Masota Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,599

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Private Road
  • Subdivision Name: Masota
  • Water Source Well: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • General Property Information Lot Size Acres: 2.05
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 2.05
  • Lot Features:Sloped: Yes

Utilities

  • Utilities: Electricity Available, Other
  • Water Source: Well

Schools

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

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 89298.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake - Pleasant Grove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2023
Closed on
Mar 28, 2023
Sold by
Gibbons Elisabeth and Gibbons Thomas
Bought by
Wisner Nicholas G
Seller's Agent
Steven Koleno
BEYCOME BROKERAGE REALTY LLC
Buyer's Agent
Non Member
Non Member Office
List Price
$749,000
Sold Price
$570,000
Premium/Discount to List
-$179,000
-23.9%
Views
90
Current Estimated Value
$673,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,774
Avg. Annual Appreciation
6.70%
Original Mortgage
$300,000
Outstanding Balance
$290,140
Interest Rate
8.13%
Mortgage Type
New Conventional
Estimated Equity
$383,634

Purchase Details

Closed on
Apr 30, 2019
Sold by
Martin Ann Michele
Bought by
Gibbons Elisabeth and Gibbons Thomas

Purchase Details

Closed on
Dec 11, 2018
Sold by
Davenport Edmund H
Bought by
Martin Ann Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,930
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2001
Sold by
Card Glenda I and Davenport Glenda Card
Bought by
Davenport Edmund H

Purchase Details

Closed on
Apr 22, 1993
Bought by
Davenport Edmund H
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wisner Nicholas G $570,000 --
Wisner Nicholas G $570,000 None Listed On Document
Gibbons Elisabeth $415,000 None Available
Martin Ann Michele $350,000 None Available
Davenport Edmund H -- --
Davenport Edmund H $163,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wisner Nicholas G $300,000
Closed Wisner Nicholas G $300,000
Previous Owner Martin Ann Michele $244,930
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $570,000 -- --
03/29/2023 03/29/23 Sold $570,000 -23.9% $295 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
01/03/2023 01/03/23 For Sale $749,000 -- $388 / 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 $1,599 $250,000 $250,000 --
2024 $1,553 $250,000 $250,000 $0
2023 $1,754 $225,000 $225,000 $0
2022 $1,625 $225,000 $225,000 $0
2021 $1,581 $225,000 $225,000 $0
2020 $1,555 $225,000 $225,000 $0
2019 $2,857 $347,394 $225,000 $122,394
2018 $2,627 $347,394 $225,000 $122,394
2017 $2,490 $347,394 $225,000 $122,394
2016 $2,440 $347,394 $225,000 $122,394
2015 $2,586 $369,471 $224,000 $145,471
2014 $2,451 $369,471 $224,000 $145,471
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Steven Koleno

    BEYCOME BROKERAGE REALTY LLC

    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non Member Office

See All Agents

Map

Source: Doorify MLS

MLS Number: 2488781

Doorify MLS

APN: 0786.09-16-4797-000

North Carolina Wake County Raleigh 27612 Northwest Raleigh

5112 Masota Rd, Raleigh, NC

This home is located at 5112 Masota Rd, Raleigh, NC 27612 since 03 January 2023 and is currently estimated at $673,774, approximately $349 per square foot. 5112 Masota Rd is a home located in Wake County with nearby schools including Oberlin Middle School, Broughton Magnet High School, and Follow the Child Montessori 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.

Nearby Homes