NOT LISTED FOR SALE

7901 Penny Rd Raleigh, NC 27606

Middle Creek Neighborhood

Estimated Value: $455,000 - $536,000

3.94 Acres
$127,651 Price per Acre
171,626 Sq Ft Lot

Last Sold June 10, 2024

Last sale price $450,000 $296 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,994/month

151 Days on Market

Highlights

  • 3.94 Acre Lot
  • Wooded Lot
  • Level Lot
  • Swift Creek Elementary School Rated A-

About This Lot

As of June 2024

Rare Opportunity for a True Estate Homesite in Wake County. Convenient to Downtown Raleigh and Located in the Swift Creek Watershed, this 3.94 acre Tract Features a Beautiful Pond and is perfect for an Executive Estate.. The Location Ensures Protection from Dense Development due to Watershed. There is an Existing Septic System and Well in Place. The Existing Home is currently Occupied but Conveys at No Value.

Last Agent to Sell the Property

Doug Jacobs

Coldwell Banker Advantage License #248374 Listed on: 09/12/2023

Coldwell Banker Advantage

Last Buyer's Agent

Chris Edwards

Keller Williams Realty Cary License #212086

Keller Williams Realty Cary

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,109

Lot Details

  • 3.94 Acre Lot
  • Level Lot
  • Wooded Lot

Schools

  • Swift Creek Elementary School
  • Dillard Middle School
  • Athens Dr High School

Utilities

  • Well
  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$3,109

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Water Source Well: Yes
  • Utilities Cable Available: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • General Property Information Lot Size Acres: 3.94
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 3.94
  • Lot Features:Level: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Water Source: Well

Schools

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

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 171626.4
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake - Swift Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Jun 5, 2024
Sold by
Leslie Deborah Karen and Marion Jones A
Bought by
Orr David and Orr Jennifer
Seller's Agent
Doug Jacobs
Coldwell Banker Advantage
Buyer's Agent
Chris Edwards
Keller Williams Realty Cary
List Price
$515,000
Sold Price
$450,000
Premium/Discount to List
-$65,000
-12.62%
Views
128
Current Estimated Value
$502,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,944
Avg. Annual Appreciation
6.47%

Purchase Details

Closed on
Nov 5, 2001
Sold by
Wyman Park Llc
Bought by
Greythorne Homeowners Assn Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 9, 2001
Sold by
Jones A Marion and Rogers Jessie Jones
Bought by
Wyman Park Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Orr David $450,000 Investors Title Insurance Comp
Greythorne Homeowners Assn Inc -- --
Wyman Park Llc $1,453,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rogers Jessie J $67,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2024 06/10/24 Sold $450,000 -12.6% $296 / Sq Ft
02/10/2024 02/10/24 Pending -- -- --
12/16/2023 12/16/23 Off Market $515,000 -- --
09/12/2023 09/12/23 For Sale $515,000 -- $339 / 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
2024 $3,109 $497,416 $342,264 $155,152
2023 $2,821 $359,176 $255,990 $103,186
2022 $2,614 $359,176 $255,990 $103,186
2021 $2,544 $359,176 $255,990 $103,186
2020 $2,502 $359,176 $255,990 $103,186
2019 $2,792 $339,370 $256,400 $82,970
2018 $2,567 $339,370 $256,400 $82,970
2017 $2,433 $339,370 $256,400 $82,970
2016 $2,384 $339,370 $256,400 $82,970
2015 $2,562 $366,050 $281,100 $84,950
2014 $2,429 $366,050 $281,100 $84,950
Source: Public Records

Agents Affiliated with this Home

  • Doug Jacobs

    Seller's Agent in 2024

    Doug Jacobs

    Coldwell Banker Advantage

    (919) 740-8817

    7 in this area

    105 Total Sales

    Doug Jacobs
    Section Image
  • Chris Edwards

    Buyer's Agent in 2024

    Chris Edwards

    Keller Williams Realty Cary

    (919) 244-0702

    20 in this area

    201 Total Sales

    Chris Edwards
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2531670

Doorify MLS

APN: 0770.02-79-6933-000

North Carolina Wake County Raleigh 27606 Middle Creek

7901 Penny Rd, Raleigh, NC

This home is located at 7901 Penny Rd, Raleigh, NC 27606 since 12 September 2023 and is currently estimated at $502,944, approximately $330 per square foot. 7901 Penny Rd is a home located in Wake County with nearby schools including Swift Creek Elementary School, Dillard Drive Magnet Middle School, and Resurrection Lutheran 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.

Nearby Homes