NOT LISTED FOR SALE

5500 Oldtowne Rd Raleigh, NC 27612

North Hills Neighborhood

Estimated Value: $506,000 - $592,000

3 Beds
2.5 Baths
1,810 Sq Ft
$312/Sq Ft Est. Value

Last Sold April 12, 2023

Last sale price $550,000 $304 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,367/month

15 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • 2 Car Garage
  • 1 Fireplace
  • Tile Flooring
  • Heating System Uses Natural Gas

About This Home

As of April 2023

FLOOR TO CEILING REMODELED TRADITIONAL HOME IN PHENOMENAL LOCATION!!! NEW ROOF 2023 W/ DRIP-GUARD! NEW INTERIOR AND EXTERIOR PAINT 2023! NEW LVP FLOORING! ALL NEW SOFT CLOSE KCD CABINETRY THROUGH WHOLE HOUSE! CALACATTA QUARTZ COUNTERTOPS IN KITCHEN W/ WATERFALL PENINSULA! 2 PANTRIES! SAME COUNTERTOP IN ALL BATHROOMS! HUGE MASTER BATH WITH TILE EVERYWHERE! MASTER INCLUDES HIS AND HERS CLOSETS! BIG DECK OFF LIVING ROOM SLIDING DOOR! 2 CAR GARAGE WITH FRESH DRYWALL! CORNER LOT! AN AWESOME INVESTMENT OR STARTER HOME! NO HOA! A GREAT HOME, IN A GREAT LOCATION, IN GREAT CONDITION!

Last Agent to Sell the Property

Alexander David

Costello Real Estate & Investm Listed on: 02/22/2023

Last Buyer's Agent

Mollie Owen

Hodge & Kittrell Sotheby's Int License #183446

Hodge & Kittrell Sotheby's Int

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,780

Year Built

  • Built in 1981

Lot Details

  • 0.3 Acre Lot

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Brick Foundation

Interior Spaces

  • 1,810 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Crawl Space

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Lynn Road Elementary School
  • Carroll Middle School
  • Sanderson High School

Utilities

  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Ridgeloch Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,780

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1981
  • Prop. Type: Residential
  • Subdivision Name: Ridgeloch
  • Above Grade Finished Sq Ft: 1810.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Flooring Tile: Yes
  • Structure Type Site Built: Yes
  • Levels Two: Yes
  • Architectural Style Traditional: Yes
  • Flooring Laminate: Yes
  • Foundation Details BrickMortar: Yes
  • General Property Information Above Grade Finished Area: 1810.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 13068.0
  • General Property Information Lot Size Acres: 0.3
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Laminate, Tile
  • Basement: Crawl Space
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Basement:Crawl Space: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.3
  • Construction Type: Fiber Cement
  • Foundation Details: Brick/Mortar
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Natural Gas
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Ninth Grade High School: Wake - Sanderson
  • Middle Or Junior School: Wake - Carroll

Lot Info

  • Lot Dimensions: 0
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2780.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - Lynn Road

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
Apr 11, 2023
Sold by
David Ventures Llc
Bought by
Linnell Stephen and Linnell Laura
Seller's Agent
Alexander David
Costello Real Estate & Investm
Buyer's Agent
Mollie Owen
Hodge & Kittrell Sotheby's Int
List Price
$569,900
Sold Price
$550,000
Premium/Discount to List
-$19,900
-3.49%
Views
70
Current Estimated Value
$563,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,915
Avg. Annual Appreciation
1.00%
Original Mortgage
$439,900
Outstanding Balance
$427,449
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$136,466

Purchase Details

Listed on
May 6, 2022
Closed on
Oct 7, 2022
Sold by
Gangwal P C P and Gangwal Indu
Bought by
David Ventures Llc
Seller's Agent
Bob Cain
Picket Fence Realty
Buyer's Agent
Alexander David
New Western Acquisitions
List Price
$449,000
Sold Price
$375,000
Premium/Discount to List
-$74,000
-16.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
125.89%
Original Mortgage
$327,000
Interest Rate
5.89%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 1, 1981
Bought by
Gangwal Gangwal P and Gangwal Indu
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Linnell Stephen $550,000 None Listed On Document
David Ventures Llc $375,000 --
Gangwal Gangwal P $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linnell Stephen $439,900
Previous Owner David Ventures Llc $327,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2023 12/15/23 Off Market $550,000 -- --
12/15/2023 12/15/23 Off Market $375,000 -- --
04/12/2023 04/12/23 Sold $550,000 0.0% $304 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
03/08/2023 03/08/23 Price Changed $549,900 -3.5% $304 / Sq Ft
02/22/2023 02/22/23 For Sale $569,900 +52.0% $315 / Sq Ft
10/21/2022 10/21/22 Sold $375,000 -16.5% $205 / Sq Ft View Prior Sale
08/25/2022 08/25/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $449,000 -- $246 / 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 $4,630 $528,566 $200,000 $328,566
2024 $4,611 $528,566 $200,000 $328,566
2023 $2,991 $272,592 $100,000 $172,592
2022 $2,780 $272,592 $100,000 $172,592
2021 $2,672 $272,592 $100,000 $172,592
2020 $2,624 $272,592 $100,000 $172,592
2019 $159 $239,441 $100,000 $139,441
2018 $0 $239,441 $100,000 $139,441
2017 $2,511 $239,441 $100,000 $139,441
2016 $2,459 $239,441 $100,000 $139,441
2015 -- $216,488 $78,000 $138,488
2014 -- $216,488 $78,000 $138,488
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Alexander David

    Costello Real Estate & Investm

  • Mollie Owen

    Buyer's Agent in 2023

    Mollie Owen

    Hodge & Kittrell Sotheby's Int

    (919) 602-2713

    18 in this area

    169 Total Sales

    Mollie Owen
    Section Image

  • B

    Seller's Agent in 2022

    Bob Cain

    Picket Fence Realty

    (919) 878-5080

    3 in this area

    5 Total Sales

    Bob Cain
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2496140

Doorify MLS

APN: 0796.12-85-0858-000

North Carolina Wake County Raleigh 27612 North Hills

5500 Oldtowne Rd, Raleigh, NC

This home is located at 5500 Oldtowne Rd, Raleigh, NC 27612 since 22 February 2023 and is currently estimated at $563,915, approximately $311 per square foot. This property was built in 1981. 5500 Oldtowne Rd is a home located in Wake County with nearby schools including Lynn Road Elementary School, Carroll Middle, and Sanderson High 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.

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