NOT LISTED FOR SALE

5514 Thornton Rd Raleigh, NC 27616

Forestville Neighborhood

Estimated Value: $566,000

7.4 Acres
$76,486 Price per Acre
322,344 Sq Ft Lot

Last Sold December 22, 2021

Last sale price $488,640 $259 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,650/month

247 Days on Market

About This Lot

As of December 2021

Lot 5 sold with Lot 2 (5512 Thornton). MLS 2230799 and 2230800 sold together. 15.4+/- acres with road frontage and 2 access points to adjoining neighborhood. Land abuts City of Raleigh tract.

Last Agent to Sell the Property

Tony Ray

Fathom Realty NC Listed on: 01/08/2019

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,812

Lot Details

  • 7.4 Acre Lot
  • Property fronts an easement
  • Level Lot

Schools

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

Property Details

Property Type

Land

Est. Annual Taxes

$3,812

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Easement
  • Road Surface Type: Paved, Unimproved
  • Subdivision Name: Not in a Subdivision
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Road Frontage Type Easement: Yes
  • General Property Information Lot Size Acres: 7.4
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 7.4
  • Lot Features:Level: Yes
  • Lot Features:Sloped: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available

Schools

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

Lot Info

  • Current Use: Unimproved, Vacant
  • Lot Size Sq Ft: 322344.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2019
Closed on
Dec 15, 2021
Sold by
Thornton Rosabelle and Thornton Wilson
Bought by
D R Horton Terramor Llc
Seller's Agent
Tony Ray
Fathom Realty NC
Buyer's Agent
Non Member
Non Member Office
List Price
$750,000
Sold Price
$488,640
Premium/Discount to List
-$261,360
-34.85%
Current Estimated Value
$566,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,360
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
D R Horton Terramor Llc $487,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thornton Rosabelle $193,500
Previous Owner Thornton Rosabelle $88,658
Previous Owner Thornton Rosabelle $69,500
Previous Owner Thornton Rosabelle $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $488,640 -- --
12/22/2021 12/22/21 Sold $488,640 -34.8% $259 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
01/08/2019 01/08/19 For Sale $750,000 -- $397 / 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
2021 $3,812 $913,031 $732,820 $180,211
2020 $6,329 $913,031 $732,820 $180,211
2019 $5,637 $687,768 $548,422 $139,346
2018 $5,181 $687,768 $548,422 $139,346
2017 $3,910 $687,768 $548,422 $139,346
2016 $4,810 $687,768 $548,422 $139,346
2015 $6,020 $863,941 $725,200 $138,741
2014 $5,705 $863,941 $725,200 $138,741
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tony Ray

    Fathom Realty NC

    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Non Member Office

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Map

Source: Doorify MLS

MLS Number: 2230800

Doorify MLS

APN: 1738.18-41-9889-000

North Carolina Wake County Raleigh 27616 Forestville

5514 Thornton Rd, Raleigh, NC

This home is located at 5514 Thornton Rd, Raleigh, NC 27616 since 08 January 2019 and is currently priced at $566,000, approximately $299 per square foot. 5514 Thornton Rd is a home located in Wake County with nearby schools including Wildwood Forest Elementary, East Millbrook Middle, and Wakefield 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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