NOT LISTED FOR SALE

616 Royal St Raleigh, NC 27607

Estimated Value: $872,000 - $1,104,000

0.29 Acre
$3,388,231 Price per Acre
12,632 Sq Ft Lot

Last Sold June 25, 2021

Last sale price $160,000

Est. 514% increase in value since last sale

Current estimated payment $6,127/month

3 Days on Market

About This Lot

As of June 2021

LOCATION !!! LOCATION!!! Vacant lot, inside the belt line, Zoned R-4. Right off of Hillsborough St. in between Meredith College and NC State University. Close to dining and shopping options! A great building opportunity or for investment options.

Last Agent to Sell the Property

Jerome Robinson

POWELL REALTY License #253330 Listed on: 04/21/2021

Last Buyer's Agent

Joe Alercia

RE/MAX United License #163402

RE/MAX United

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,276

Lot Details

  • 0.29 Acre Lot
  • Level Lot
  • Cleared Lot

Schools

  • Olds Elementary School
  • Centennial Campus Middle School
  • Athens Dr High School

Property Details

Property Type

Land

Est. Annual Taxes

$9,276

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Vegetation Cleared2: Yes
  • General Property Information Lot Size Acres: 0.29
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.29
  • Lot Features:Level: Yes

Utilities

  • Utilities: Other
  • Water Source: Other

Schools

  • Ninth Grade High School: Wake - Athens Dr
  • Middle Or Junior School: Wake - Centennial Campus

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 12632.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake - Olds

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2021
Closed on
May 28, 2021
Sold by
Robinson Jerome and Robinson Amy Maria
Bought by
Tenzing Investments Llc
Seller's Agent
Jerome Robinson
POWELL REALTY
Buyer's Agent
Joe Alercia
RE/MAX United
List Price
$160,000
Sold Price
$160,000
Total Days on Market
3
Current Estimated Value
$982,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$822,587
Avg. Annual Appreciation
51.11%

Purchase Details

Closed on
Sep 20, 2019
Sold by
Robinson John
Bought by
Robinson Jerome
Source: Public Records

Range of Values:

Collateral Analytics

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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
Tenzing Investments Llc $160,000 None Available
Robinson Jerome -- None Listed On Document
Robinson Jerome -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tenzing Investements Llc $452,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $160,000 -- --
06/25/2021 06/25/21 Sold $160,000 0.0% --
04/24/2021 04/24/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $160,000 -- --
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
2024 $9,276 $1,063,446 $200,000 $863,446
2023 $6,562 $598,314 $60,000 $538,314
2022 $608 $60,000 $60,000 $0
2021 $584 $60,000 $60,000 $0
2020 $573 $60,000 $60,000 $0
2019 $464 $40,000 $40,000 $0
2018 $437 $40,000 $40,000 $0
2017 $416 $40,000 $40,000 $0
2016 $408 $40,000 $40,000 $0
2015 -- $40,000 $40,000 $0
2014 $393 $40,000 $40,000 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jerome Robinson

    POWELL REALTY

  • Joe Alercia

    Buyer's Agent in 2021

    Joe Alercia

    RE/MAX United

    (919) 868-3972

    263 Total Sales

    Joe Alercia
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Map

Source: Doorify MLS

MLS Number: 2378991

Doorify MLS

APN: 0794.13-22-3705-000

North Carolina Wake County Raleigh 27607

616 Royal St, Raleigh, NC

This home is located at 616 Royal St, Raleigh, NC 27607 since 21 April 2021 and is currently estimated at $982,587. 616 Royal St is a home located in Wake County with nearby schools including Olds Elementary School, Leroy Martin Magnet, and Al-Iman School.

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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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