M
Seller's Agent in 2025
Matthew Tomasulo
Elm Partners
(860) 836-4891
3 in this area
14 Total Sales
721 E Lenoir St Raleigh, NC 27601
Olde East Raleigh Neighborhood
0.21
Acre
$4,166,667
Price per Acre
9,148
Sq Ft Lot
About This Lot
As of July 2025Fully 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.
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 13, 2025
Closed on
Jun 25, 2025
Sold by
High East Llc
Bought by
Rrp Flip Llc
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.39%
Original Mortgage
$2,499,111
Outstanding Balance
$2,499,111
Interest Rate
6.89%
Mortgage Type
Construction
Estimated Equity
-$1,621,152
Purchase Details
Listed on
Nov 12, 2021
Closed on
Dec 17, 2021
Sold by
Cockram Hazel J and Mcgee Christopher Wayne
Bought by
High East Llc
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
3.11%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 18, 2019
Sold by
Lmc Properties Llc
Bought by
Cockram Hazel J
Purchase Details
Closed on
Aug 25, 2017
Sold by
Lord Anne Louse and Mccarty Katherine C
Bought by
Lmc Proprties Llc
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
4.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 24, 2017
Sold by
Telegraph Road Properties Llc
Bought by
Lord Anne Louise and Mccarty Katherine C
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
4.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 28, 2016
Sold by
Pretty Mildred S
Bought by
Telegraph Road Properties Llc
Purchase Details
Closed on
Feb 2, 2000
Sold by
Raleigh Union Society
Bought by
Pretty William and Pretty Mildred S
Purchase Details
Closed on
Jan 1, 1979
Bought by
Pretty Mildred S
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $875,000 | None Listed On Document | |
| Special Warranty Deed | $875,000 | None Listed On Document | |
| Warranty Deed | $525,000 | None Available | |
| Quit Claim Deed | $380,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $349,000 | None Available | |
| Warranty Deed | $52,000 | None Available | |
| Warranty Deed | $10,000 | -- | |
| Deed | $15,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,499,111 | Construction | |
| Closed | $2,499,111 | Construction | |
| Previous Owner | $394,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $279,200 | New Conventional | |
| Previous Owner | $141,780 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 Compared to Growth
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 | $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
-
Matthew Tomasulo
-
Jason Queen
Buyer's Agent in 2025
Jason Queen
Monarch Realty Co.
(919) 606-2905
8 in this area
80 Total Sales
-
Ann-Cabell Baum
Seller's Agent in 2021
Ann-Cabell Baum
Glenwood Agency, LLC
(919) 606-4074
6 in this area
319 Total Sales
-
L
Seller Co-Listing Agent in 2021
Lisa Rose
Glenwood Agency, LLC
Map
Source: Doorify MLS
MLS Number: 10070550
APN: 1713.09-06-9492-000
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.
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.
Nearby Homes
- 512 Montague Ln
- 711 E Lenoir St Unit 207
- 711 E Lenoir St Unit 205
- 409 Alston St Unit 101
- 409 Alston St Unit 102
- 595 E Cabarrus St
- 602 Hay Ln
- 830 E Lenoir St
- 401 Haywood St
- 508 S Swain St
- 725 S State St
- 734 S State St
- 545 E Lenoir St
- 305 Freeman St
- 1007 E Davie St
- 517 Coleman St
- 521 Coleman St
- 309 S Haywood St
- 801 E Martin St Unit B
- 801 E Martin St Unit D