Seller's Agent in 2025
Ben Davis
DAVIS REALTY AND DEVELOPMENT C
(919) 356-6881
1 in this area
20 Total Sales
5124 Melbourne Rd Raleigh, NC 27606
Avent West Neighborhood
5
Beds
2
Baths
2,417
Sq Ft
0.31
Acres
Highlights
- Open Floorplan
- Deck
- Main Floor Primary Bedroom
- Adams Elementary Rated A-
- Wood Flooring
- 2-minute walk to Powell Drive Park
About This Home
As of February 2025Incredible investment opportunity in desirable Cardinal Hills/NC State area. Cash flowing, stabilized property with leases in place through 6/30/2026. This thoughtfully updated 5 bedroom, 2 bathroom home is located on a large, fenced 0.31 acre lot. Single lease in effect - Not individual. 7/1/24 - 6/30/25 Lease at $5,000/month. 7/1/25 - 6/30/26 Lease at $5,000/month.
Extremely turnkey property with designer finishes and sleek new appliances. Improvements in 2023 include: New roof, updated kitchen, 2 full bathroom renovations, premium crawlspace encapsulation, Rheem tankless hot water heater, refinished hardwoods, and new concrete driveway. 3 bedrooms are located on the main level with 2 additional bedrooms located on the second floor. Two separate front entrances, interior spiral staircase, and second floor loft provide tenants with maximum living flexibility and privacy.
Close proximity to NC State and 440. Appliances and Washer/Dryer convey. This investment property is As-Is and ready to go! Buyers & Buyers Agents, please reach out to Listing Agent for all property disclosures and full list of upgrades.
Last Agent to Sell the Property
DAVIS REALTY AND DEVELOPMENT C License #283761 Listed on: 12/27/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,439
Year Built
- Built in 1958
Lot Details
- 0.31 Acre Lot
- Landscaped with Trees
- Back and Front Yard
- Property is zoned R-4
Home Design
- Brick Exterior Construction
- Brick Foundation
- Slab Foundation
- Architectural Shingle Roof
- Vinyl Siding
- Lead Paint Disclosure
Interior Spaces
- 2,417 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Bookcases
- Ceiling Fan
- Fireplace Features Masonry
- Entrance Foyer
- Family Room with Fireplace
- Storage
- Scuttle Attic Hole
Kitchen
- Oven
- Gas Range
- Microwave
- Dishwasher
- Granite Countertops
- Tile Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 2 Full Bathrooms
- Double Vanity
Laundry
- Laundry on main level
- Stacked Washer and Dryer
Parking
- 4 Parking Spaces
- Private Driveway
- 4 Open Parking Spaces
Outdoor Features
- Deck
- Covered Patio or Porch
- Rain Gutters
Schools
- Adams Elementary School
- Lufkin Road Middle School
- Athens Dr High School
Utilities
- Central Heating and Cooling System
- Baseboard Heating
- Natural Gas Connected
- High Speed Internet
Community Details
- No Home Owners Association
- Cardinal Hills Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- The owner pays for grounds care, insurance, sewer, trash collection, water
- Assessor Parcel Number 0783583167
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 27, 2024
Closed on
Feb 21, 2025
Sold by
Barrow Davis and Stubbs Alice C
Bought by
Jones Brandon R and Jones Hannah
Seller's Agent
Ben Davis
DAVIS REALTY AND DEVELOPMENT C
Buyer's Agent
Darlene Zeitler
O'Meara Realty Group Inc.
List Price
$635,000
Sold Price
$590,000
Premium/Discount to List
-$45,000
-7.09%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,211
Avg. Annual Appreciation
-3.72%
Original Mortgage
$472,000
Outstanding Balance
$469,206
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$100,583
Purchase Details
Listed on
Mar 2, 2023
Closed on
Mar 28, 2023
Sold by
Tretow Layne and Tretow Charles H
Bought by
Barrow Davis and Stubbs Alice C
Seller's Agent
Angie Bagley
Greystone Management, Inc.
Buyer's Agent
Bud Johnson
Greystone Management, Inc.
List Price
$360,000
Sold Price
$385,000
Premium/Discount to List
$25,000
6.94%
Views
95
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.04%
Original Mortgage
$308,000
Interest Rate
5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 29, 2004
Sold by
Green H J and Green Wilma F
Bought by
Green Jane W
Purchase Details
Closed on
Jan 1, 1980
Bought by
Mandell Lee M
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $590,000 | None Listed On Document | |
| Warranty Deed | $590,000 | None Listed On Document | |
| Warranty Deed | $385,000 | -- | |
| Warranty Deed | -- | -- | |
| Deed | $65,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $472,000 | New Conventional | |
| Closed | $472,000 | New Conventional | |
| Previous Owner | $308,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/24/2025 02/24/25 | Sold | $590,000 | -7.1% | $244 / Sq Ft | |
| 01/10/2025 01/10/25 | Pending | -- | -- | -- | |
| 12/27/2024 12/27/24 | For Sale | $635,000 | +64.9% | $263 / Sq Ft | |
| 12/15/2023 12/15/23 | Off Market | $385,000 | -- | -- | |
| 03/31/2023 03/31/23 | Sold | $385,000 | +6.9% | $161 / Sq Ft | View Prior Sale |
| 03/06/2023 03/06/23 | Pending | -- | -- | -- | |
| 03/01/2023 03/01/23 | For Sale | $360,000 | -- | $150 / Sq Ft |
Source: Doorify MLS
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 | $3,453 | $393,695 | $200,000 | $193,695 |
| 2024 | $3,439 | $393,695 | $200,000 | $193,695 |
| 2023 | $3,426 | $312,481 | $105,000 | $207,481 |
| 2022 | $3,184 | $312,481 | $105,000 | $207,481 |
| 2021 | $3,060 | $312,481 | $105,000 | $207,481 |
| 2020 | $3,005 | $312,481 | $105,000 | $207,481 |
| 2019 | $2,676 | $229,158 | $90,000 | $139,158 |
| 2018 | $2,524 | $229,158 | $90,000 | $139,158 |
| 2017 | $2,404 | $229,158 | $90,000 | $139,158 |
| 2016 | $2,355 | $229,158 | $90,000 | $139,158 |
| 2015 | $2,217 | $212,182 | $90,000 | $122,182 |
| 2014 | $2,103 | $212,182 | $90,000 | $122,182 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Davis
-
Elizabeth Jordan
E
Seller Co-Listing Agent in 2025
Elizabeth Jordan
DAVIS REALTY AND DEVELOPMENT C
(919) 308-2337
1 in this area
12 Total Sales
-
Darlene Zeitler
Buyer's Agent in 2025
Darlene Zeitler
O'Meara Realty Group Inc.
(919) 306-6339
2 in this area
109 Total Sales
-
Angie Bagley
Seller's Agent in 2023
Angie Bagley
Greystone Management, Inc.
(919) 673-5454
1 in this area
33 Total Sales
-
Bud Johnson
B
Buyer's Agent in 2023
Bud Johnson
Greystone Management, Inc.
(919) 606-8407
1 in this area
8 Total Sales
Map
Source: Doorify MLS
MLS Number: 10068373
APN: 0783.07-58-3167-000
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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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