NOT LISTED FOR SALE

517 E Cabarrus St Raleigh, NC 27601

Olde East Raleigh Neighborhood

Estimated Value: $1,238,000 - $1,328,657

4 Beds
5 Baths
3,241 Sq Ft
$397/Sq Ft Est. Value

Last Sold April 15, 2024

Last sale price $1,300,000 $401 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,859/month

13 Days on Market

Highlights

  • Downtown View
  • Open Floorplan
  • Contemporary Architecture
  • Hunter Elementary School Rated A
  • Deck
  • Property is near public transit

About This Home

As of April 2024

Welcome to your modern oasis in the heart of downtown Raleigh right next to Transfer Co. Food Hall! This stunning new construction offers spectacular views of the city skyline, providing a backdrop of urban sophistication to your everyday life.

Step inside to discover a first floor designed for both luxury and comfort. The expansive living room boasts large windows that flood the space with natural light, complemented by a cozy fireplace for those chilly evenings. An open floor plan seamlessly connects the living area to the kitchen, featuring striking glass textured tile walls, stainless steel appliances, and a large picture window overlooking the sink. With the home wired for home speakers, you can easily set the ambiance for any occasion. Adjacent to the kitchen, the dining room beckons with its wall of windows and convenient access to the back deck, perfect for al fresco dining or morning coffee.

Ascend to the second floor, where the primary suite awaits. Offering access to a private deck above the carport, this retreat affords breathtaking views of the skyline. Pamper yourself in the luxurious primary bath, adorned with porcelain tiles, marble countertops, and a glass walk-in shower. A spacious primary closet ensures ample storage. Bedrooms 2 and 3 are bathed in natural light and share a Jack and Jill bath with a stand-up shower, while Bedroom 4, ideal for an office space, boasts an ensuite bathroom.
The third floor beckons with its expansive recreation room, boasting the best views in the house. Whether hosting guests or unwinding after a long day, this space is perfect for entertaining. Complete with a large bar area and a convenient half bath, the possibilities are endless. Outside, a sprawling deck spans the length of the back of the house, providing the ultimate backdrop for outdoor gatherings.

Located just blocks away from downtown shopping, entertainment, and dining, this one of a kind home offers the epitome of urban living at it's finest. Welcome home to the perfect blend of luxury, convenience, and breathtaking views.

Last Agent to Sell the Property

Ida Terbet

Coldwell Banker HPW License #101494 Listed on: 02/16/2024

Coldwell Banker HPW

Co-Listed By

Michael Terbet

Coldwell Banker HPW License #248722

Last Buyer's Agent

Albert Spadin

Better Homes & Gardens Real Es License #315909

Better Homes & Gardens Real Es

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,425

Year Built

  • Built in 2024

Lot Details

  • 4,356 Sq Ft Lot
  • Corner Lot
  • Rectangular Lot
  • Landscaped with Trees
  • Private Yard
  • Back and Front Yard

Home Design

  • Contemporary Architecture
  • Modernist Architecture
  • Modern Architecture
  • Raised Foundation
  • Frame Construction

Interior Spaces

  • 3,241 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Built-In Features
  • Bar
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Log Fireplace
  • Awning
  • French Doors
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Downtown Views

Kitchen

  • Butlers Pantry
  • Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Bidet
  • Bathtub with Shower
  • Shower Only
  • Walk-in Shower

Laundry

  • Laundry in Hall
  • Laundry on upper level

Parking

  • 3 Parking Spaces
  • 1 Attached Carport Space
  • Tandem Parking
  • Private Driveway
  • On-Street Parking
  • 2 Open Parking Spaces

Outdoor Features

  • Deck
  • Exterior Lighting
  • Front Porch

Location

  • Property is near public transit

Schools

  • Hunter Elementary School
  • Ligon Middle School
  • Broughton High School

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Community Sewer or Septic

Listing and Financial Details

  • Assessor Parcel Number 1703962931

Community Details

Overview

  • Property has a Home Owners Association
  • Maintained Community
  • Community Parking

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,425

Year Built

Built in 2024

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Year Built: 2024
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Phone: 919-876-8824
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 3241.0
  • Architectural Style: Contemporary, Modern
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Tri-Level
  • New Construction: No
  • Effective Year Built: 2024
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Cooling:Electric: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Lot Features Hardwood Trees: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Bedroom 3 Level: Second
  • Room Types Bedroom 4 Level: Second
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: Second
  • Laundry Features Upper Level: Yes
  • Room Types Living Room2: Yes
  • Interior Features Shower Only: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Welcome to your modern oasis in the heart of downtown Raleigh right next to Transfer Co. Food Hall! This stunning new construction offers spectacular views of the city skyline, providing a backdrop of urban sophistication to your everyday life. Step inside to discover a first floor designed for both luxury and comfort. The expansive living room boasts large windows that flood the space with natural light, complemented by a cozy fireplace for those chilly evenings. An open floor plan seamlessly connects the living area to the kitchen, featuring striking glass textured tile walls, stainless steel appliances, and a large picture window overlooking the sink. With the home wired for home speakers, you can easily set the ambiance for any occasion. Adjacent to the kitchen, the dining room beckons with its wall of windows and convenient access to the back deck, perfect for al fresco dining or morning coffee. Ascend to the second floor, where the primary suite awaits. Offering access to a private deck above the carport, this retreat affords breathtaking views of the skyline. Pamper yourself in the luxurious primary bath, adorned with porcelain tiles, marble countertops, and a glass walk-in shower. A spacious primary closet ensures ample storage. Bedrooms 2 and 3 are bathed in natural light and share a Jack and Jill bath with a stand-up shower, while Bedroom 4, ideal for an office space, boasts an ensuite bathroom. The third floor beckons with its expansive recreation room, boasting the best views in the house. Whether hosting guests or unwinding after a long day, this space is perfect for entertaining. Complete with a large bar area and a convenient half bath, the possibilities are endless. Outside, a sprawling deck spans the length of the back of the house, providing the ultimate backdrop for outdoor gatherings. Located just blocks away from downtown shopping, entertainment, and dining, this one of a kind home offers the epitome of urban living at it's finest. Welcome home to the perfect blend of luxury, convenience, and breathtaking views.
  • General Property Information Senior Community YN: No
  • Laundry Features Laundry Closet: Yes
  • Laundry Features In Hall: Yes
  • Architectural Style Contemporary: Yes
  • Architectural Style Modernist: Yes
  • Levels Tri-Level: Yes
  • General Property Information Enhanced Accessible2: No
  • Sewer Community Sewer: Yes
  • Cooling Gas3: Yes
  • General Property Information Above Grade Finished Area: 3241.0
  • General Property Information Carport YN: Yes
  • Room Types Primary Bathroom Level: Second
  • Cooling Ceiling Fan(s): Yes
  • General Property Information Carport Spaces2: 1.0
  • General Property Information Lot Size Square Feet2: 4356.0
  • View City Lights: Yes
  • Foundation Details Raised: Yes
  • General Property Information Lot Size Acres: 0.1
  • View Downtown: Yes
  • General Property Information Stories2: 3
  • General Property Information:Living Area3: 3241.0
  • General Property Information Waterfront YN: No
  • Special Features: 4098
  • Property Sub Type: Detached
  • Stories: 3
  • Year Renovated: 2024

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Bathtub/Shower Combination, Bidet, Built-in Features, Butler's Pantry, Ceiling Fan(s), High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, Shower Only, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower, Wet Bar, Wired for Sound
  • Appliances: Dishwasher, Gas Range, Microwave, Plumbed For Ice Maker, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Stories: 3
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Interior Features:Quartz Counters: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Wired for Sound: Yes
  • Interior Features:Butler_squote_s Pantry: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:Built-in Features: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Recessed Lighting: Yes
  • InteriorFeatures:Bar: Yes
  • Interior Features:Bidet: Yes

Exterior Features

  • Exterior Features: Awning(s), Lighting, Private Yard
  • Acres: 0.1
  • Waterfront: No
  • Construction Type: Fiber Cement
  • Foundation Details: Raised
  • Patio And Porch Features: Deck, Front Porch, Side Porch
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Landscaped: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Near Public Transit: Yes
  • Exterior Features:Lighting: Yes
  • Patio and Porch Features:Side Porch: Yes
  • Lot Features:Back Yard2: Yes
  • Exterior Features:Private Yard: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Front Yard2: Yes
  • Door Features:French Doors: Yes
  • Lot Features:City Lot: Yes
  • View:City3: Yes
  • Lot Features:Rectangular Lot: Yes
  • Exterior Features:Awning(s): Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Attached Carport, Carport, Concrete, Covered, Driveway, On Street, Tandem
  • Total Parking Spaces: 3.0
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Covered: Yes
  • Association Amenities:Parking: Yes
  • Parking Features:Attached Carport: Yes
  • General Property Information:Parking Total: 3.0
  • Parking Features:Tandem: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Dual, Electric, Gas, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Senior Community: No
  • Association: Yes

Association/Amenities

  • Association Amenities:Landscaping: Yes
  • Association Amenities:Laundry: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 1703962931

Tax Info

  • Tax Annual Amount: 3425.46
  • Tax Year: 2023

MLS Schools

  • Elementary School: Wake - Hunter

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Apr 12, 2024
Sold by
Smithers Equity Group Llc
Bought by
Keese John F and Keese Mabule B
Seller's Agent
Ida Terbet
Coldwell Banker HPW
Buyer's Agent
Albert Spadin
Better Homes & Gardens Real Es
List Price
$1,495,000
Sold Price
$1,300,000
Premium/Discount to List
-$195,000
-13.04%
Views
215
Current Estimated Value
$1,285,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,586
Avg. Annual Appreciation
-0.59%
Original Mortgage
$1,040,000
Outstanding Balance
$1,022,990
Interest Rate
6.4%
Mortgage Type
New Conventional
Estimated Equity
$262,424

Purchase Details

Closed on
Apr 4, 2023
Sold by
Telegraph Road Properties Llc
Bought by
Smithers Equity Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$803,448
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2017
Sold by
Haywood Dante B
Bought by
Telegraph Road Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Keese John F $1,300,000 None Listed On Document
Smithers Equity Group Llc $604,000 --
Smithers Equity Group Llc $604,000 None Listed On Document
Telegraph Road Properties Llc $212,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keese John F $1,040,000
Previous Owner Smithers Equity Group Llc $803,448
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2024 04/15/24 Sold $1,300,000 -13.0% $401 / Sq Ft
02/16/2024 02/16/24 For Sale $1,495,000 -- $461 / 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 $14,057 $1,609,513 $225,000 $1,384,513
2024 $13,999 $1,609,513 $225,000 $1,384,513
Source: Public Records

Agents Affiliated with this Home

  • Ida Terbet

    Seller's Agent in 2024

    Ida Terbet

    Coldwell Banker HPW

    (919) 539-6409

    1 in this area

    594 Total Sales

    Ida Terbet
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Michael Terbet

    Coldwell Banker HPW

    (919) 926-3248

    1 in this area

    119 Total Sales

    Michael Terbet
    Section Image

  • A

    Buyer's Agent in 2024

    Albert Spadin

    Better Homes & Gardens Real Es

    (919) 348-1129

    1 in this area

    76 Total Sales

    Albert Spadin
    Section Image
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Map

Source: Doorify MLS

MLS Number: 10012213

Doorify MLS

APN: 1703.44-96-2931-000

North Carolina Wake County Raleigh 27601 Olde East Raleigh

517 E Cabarrus St, Raleigh, NC

Not Listed for Sale

Detached

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