$172,500
SOLD JUN 6, 2025
0.14 Acre
$1,232,143 Price per Acre
6,098 Sq Ft Lot

Recently Sold

20% Below List Price

34 Days on Market

Highlights

  • No HOA
  • Brush Vegetation
  • 3-minute walk to Junious N. Sorrell Park
  • Laurel Park Elementary Rated A

About This Lot

As of June 2025

Excellent building lot and location near downtown Raleigh inside the Raleigh Beltline. Many possibilities for investment or personal residential use. R-10 zoning allows for possible multi-family use. Lots of new building activity in the area as well as renovations. Located very close to the walking/bike trail and walking distance to downtown Raleigh. A must show and sell. The lot is subject to survey. All offers will be considered. SHOW & SELL TODAY!!

Listing agent/broker is related to the seller

Last Agent to Sell the Property

Joseph Abron

Abron & Associates Realty License #220008 Listed on: 11/02/2024

Last Buyer's Agent

Jason Queen

Monarch Realty Co. License #265895

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,737

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60'x100'x60'x100'
  • Brush Vegetation
  • Property is zoned R-10

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • 515 Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0094612

Property Details

Property Type

Land

Est. Annual Taxes

$1,737

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Paved
  • Subdivision Name: 515 Downtown
  • General Property Information Lot Size Dimensions: 60'x100'x60'x100'
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Listing agent/broker is related to the seller
  • Utilities Electricity Available: Yes
  • Utilities Water Available: Yes
  • Vegetation Brush: Yes
  • Utilities Cable Connected: Yes
  • General Property Information Lot Size Square Feet2: 6098.4
  • General Property Information Lot Size Acres: 0.14
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.14
  • Lot Features:City Lot: Yes

Utilities

  • Utilities: Cable Connected, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Amenities:None: Yes
  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Zoning: R-10
  • Current Use: Residential
  • Lot Dimensions: 60'x100'x60'x100'
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 0094612

Tax Info

  • Tax Annual Amount: 1737.0
  • Tax Year: 2024
  • Tax Map Number: 1703936858

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2024
Closed on
Apr 18, 2025
Sold by
Brown Donnice Elizabeth
Bought by
Serne Homes Llc
Seller's Agent
Joseph Abron
Abron & Associates Realty
Buyer's Agent
Jason Queen
Monarch Realty Co.
List Price
$215,000
Sold Price
$172,500
Premium/Discount to List
-$42,500
-19.77%
Views
6
Current Estimated Value
$177,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,500
Avg. Annual Appreciation
4.11%
Original Mortgage
$690,308
Outstanding Balance
$687,244
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$510,244
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 Type Sale Price Title Company
Warranty Deed $172,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $690,308 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2025 06/06/25 Sold $172,500 -19.8% --
12/06/2024 12/06/24 Pending -- -- --
11/02/2024 11/02/24 For Sale $215,000 -- --
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 $1,744 $200,000 $200,000 --
2024 $1,737 $200,000 $200,000 --
2023 $1,177 $108,000 $108,000 $0
2022 $1,094 $108,000 $108,000 $0
2021 $1,051 $108,000 $108,000 $0
2020 $1,032 $108,000 $108,000 $0
2019 $255 $22,000 $22,000 $0
2018 $240 $22,000 $22,000 $0
2017 $229 $22,000 $22,000 $0
2016 $224 $22,000 $22,000 $0
2015 -- $14,300 $14,300 $0
2014 -- $14,300 $14,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10061508

Doorify MLS

APN: 1703.16-93-6858-000