NOT LISTED FOR SALE

721 E Lenoir St Raleigh, NC 27601

Olde East Raleigh Neighborhood

Estimated Value: $710,738 - $934,000

0.21 Acres
$3,978,262 Price per Acre
9,148 Sq Ft Lot

Sale Details

Date Sold: July 10, 2025

Last sale price $875,000 $639 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,940 / mo

About This Lot

As of July 2025

Fully permitted Fee Simple Townhome Development - 6 Parcels, 5 Units up to 2300sf with parking and individual driveways included. Preliminary Subdivision Approval, AA Letter received and SPR approved. Buyer will be amended as the SPR applicant and will be responsible to sureties and platting.

Last Agent to Sell the Property

Matthew Tomasulo

Elm Partners License #293528 Listed on: 01/13/2025

Last Buyer's Agent

Jason Queen

Monarch Realty Co. License #265895

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,635

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 69 x 135

Schools

  • Hunter Elementary School
  • Ligon Middle School
  • Enloe High School

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Olde Raleigh Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$4,635

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Olde Raleigh
  • General Property Information Lot Size Dimensions: 69 x 135
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Utilities Cable Available: Yes
  • Utilities Water Connected: Yes
  • Contract Information Lease Term: 12 Months
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • General Property Information Lot Size Square Feet2: 9148.0
  • General Property Information Lot Size Acres: 0.21
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.21

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Dimensions: 69 x 135
  • Lot Size Sq Ft: 9148.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months

Tax Info

  • Tax Annual Amount: 4635.21
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - Hunter

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Jun 25, 2025
Sold by
Bought by
Seller's Agent
Matthew Tomasulo
Elm Partners
Buyer's Agent
Jason Queen
Monarch Realty Co.
List Price
$899,000
Sold Price
$875,000
Premium/Discount to List
-$24,000
-2.67%
Views
3
Current Estimated Value
$835,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,565
Avg. Annual Appreciation
-4.31%
Original Mortgage
$2,499,111
Interest Rate
0.0689%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 12, 2021
Closed on
Dec 17, 2021
Sold by
Bought by
Seller's Agent
Ann-Cabell Baum
Glenwood Agency, LLC
Buyer's Agent
Matthew Tomasulo
Elm Partners
List Price
$515,000
Sold Price
$525,000
Premium/Discount to List
$10,000
1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.43%
Original Mortgage
$394,000
Interest Rate
0.0311%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 18, 2019
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
0.0403%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
0.0403%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 2, 2000
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1979
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$875,000 None Listed On Document
$525,000 None Available
$380,000 None Available
-- None Available
$349,000 None Available
$52,000 None Available
$10,000 --
$15,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $100,000
Open $2,499,111
Closed $620,000
Previous Owner $394,000
Closed $100,000
Previous Owner $279,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2025 07/10/25 Sold $875,000 -2.7% $639 / Sq Ft
01/13/2025 01/13/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $899,000 +71.2% $656 / Sq Ft
12/15/2023 12/15/23 Off Market $525,000 -- --
12/17/2021 12/17/21 Sold $525,000 +1.9% $384 / Sq Ft View Prior Sale
11/17/2021 11/17/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $515,000 -- $377 / Sq Ft
Source: Doorify MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,655 $531,464 $302,500 $228,964
2024 $4,636 $531,464 $302,500 $228,964
2023 $4,001 $365,273 $148,500 $216,773
2022 $3,718 $365,273 $148,500 $216,773
2021 $3,574 $365,273 $148,500 $216,773
2020 $3,509 $365,273 $148,500 $216,773
2019 $3,387 $290,531 $46,000 $244,531
2018 $3,194 $290,531 $46,000 $244,531
2017 $0 $46,000 $46,000 $0
2016 $469 $46,000 $46,000 $0
2015 $290 $28,000 $28,000 $0
2014 $275 $28,000 $28,000 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Matthew Tomasulo

    Elm Partners

    (860) 836-4891

    3 in this area

    14 Total Sales

    Matthew Tomasulo
    Section Image
  • Jason Queen

    Buyer's Agent in 2025

    Jason Queen

    Monarch Realty Co.

    (984) 646-0640

    9 in this area

    47 Total Sales

    Jason Queen
    Section Image
  • Ann-Cabell Baum

    Seller's Agent in 2021

    Ann-Cabell Baum

    Glenwood Agency, LLC

    (919) 606-4074

    3 in this area

    277 Total Sales

    Ann-Cabell Baum
    Section Image

  • L

    Seller Co-Listing Agent in 2021

    Lisa Rose

    Glenwood Agency, LLC

See All Agents

Map

Source: Doorify MLS

MLS Number: 10070550

Doorify MLS

APN: 1713.09-06-9492-000

North Carolina Wake County Raleigh 27601 Olde East Raleigh

721 E Lenoir St, Raleigh, NC

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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.

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