10
Map
$479,000
●
Land -
In Contract
107 Edenburgh Road
Raleigh, NC 27608
Studio
0 Bath
$2,745
Est. Monthly
About This Property
One of the last available Inside the Beltline homesites directly
across from Carolina Country Club. This cleared 0.26-acre lot on
Edenburgh sits in the heart of Budleigh, a neighborhood whose
architectural character, mature streetscape, and Carolina Country
Club frontage have sustained desirability across every market
cycle. Public water, public sewer, R-6 residential zoning, and
basement potential are confirmed. A recently completed Copper
Builders custom home at the adjacent address demonstrates the scale
and quality this lot commands. Glenwood Village, Harris Teeter,
Glenwood Grill, NoFo @ the Pig, Hayes Barton Cafe, Trophy Brewing
and Pizza, and Postino Village District are all within easy reach,
Inside the Beltline. Downtown Raleigh is two to three miles south,
with I-440 providing direct access to North Hills, RDU, Rex
Hospital, and the Triangle. The kind of ITB build opportunity that
buyers wait years to find.
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$392
HOA Dues
-
Year Built
1950
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 27 days ago (TMLS #10172565)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | In contract | - | |
| In contract | |||
| Jun 29, 2026 | Price Decreased |
$479,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Jun 8, 2026 | Listed by Compass -- Raleigh | $499,000 | |
| Listed by Compass -- Raleigh | |||
| Jan 14, 2026 | Listed | $450,000 | |
| Listed | |||
| | |||
|
Opportunity to purchase a blank canvas potential basement lot inside the beltline in Raleigh, directly across from Carolina Country Club. Create a fully custom home tailored to your vision in one of the area's most sought-after locations. An additional opportunity exists to purchase the adjacent lot, offering even greater flexibility for expansion or investment.
| |||
| Jan 12, 2024 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Exterior Details
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Acres: 0.26
Lot Size Square Feet: 11325.6
Lot Size Dimensions: See plat map
Water Source: Public
Financial Details
Tax Assessed Value: $540,000
Tax Annual Amount: $4,709
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About North Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Gretchen Coley, Compass -- Raleigh
Last Updated: 27 days ago
Data Source: TMLS, MLS# 10172565
Last Updated: 27 days ago
Data Source: TMLS, MLS# 10172565
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