When was property at 2467 Milburnie Road built and last sold?

The property at 2467 Milburnie Road was built in 1962 and last sold on Jan 24, 2022 for $405,000.

How much is this home worth?

The estimated value of the home located at 2467 Milburnie Road is $380,782.

What are some comparable homes to 2467 Milburnie Road?

There are currently no comparable homes to 2467 Milburnie Road.

Raleigh

27610

King Charles

2467 Milburnie Road

Sold on Aug 27, 2026

Map

$305,000

● House - Off Market

2467 Milburnie Road

Raleigh, NC 27610

3 Beds

1 Bath, 1 Half Bath

1,088 Ft²

$2,058

Est. Monthly

About This Property

Just minutes from Downtown Raleigh, this brick ranch home in Raleigh's growing Lockwood neighborhood presents an exciting opportunity for investors, builders, or buyers looking for their next project. Situated on a spacious .34-acre corner lot, the 1962 single-family home offers approximately 1,000 square feet with 3 bedrooms and 1.5 baths -- making it an ideal tear-down, renovation, rental property, or fixer-upper opportunity in a location where land and proximity to downtown continue to grow in value.

The oversized corner lot is truly the standout feature, offering exceptional potential in an area surrounded by ongoing growth and redevelopment. Conveniently located near WakeMed Hospital, Raleigh Country Club, Alamo Drafthouse Cinema Raleigh, I-440, and all the dining, entertainment, and energy of Downtown Raleigh, this property is perfectly positioned for someone ready to reimagine its next chapter.

Unit Size

1,088 Ft²

Days on Market

99 days

Land Size

0.34 acres

Price per sqft

$335

Property Type

House

Property Taxes

$265

HOA Dues

Year Built

1962

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (TMLS #10168560)

Price History

Date / Event	Date	Event
Aug 27, 2026	Sold	Premium
Sold
Aug 10, 2026	In contract	-
In contract
Jul 25, 2026	Price Decreased	$365,000 ↓ $15K (4%)
Price Decreased
May 20, 2026	Listed by Compass -- Cary	$380,000
Listed by Compass -- Cary
Jan 25, 2022	Sold	Premium
Sold
Nov 5, 2021	Listed by Compass -- Cary	$450,000
Listed by Compass -- Cary

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1962

Effective Year Built: 1980
Total Rooms: 5
Bedroom Count: 0
Bathroom Count: 2
Full Bathrooms: 1
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 0
Construction Type: 2
Building Style: 11
Exterior Walls Type: 2
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 0
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 5
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 14,810

Total Building Area: 1,066
Building Area: 1,066
Building Area Measurement: E

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 1,066
Heating Fuel Type: 3

Utilities

Sewer System: 5

Water Service: 6

Building

Building Type: 0

Property Class: R
Subdivision: LOCKWOOD SUB
Land Acres: 0000000340
Standard Land Use Code: 1001
County Land Use Code: 01
Legal Description 1: LO724 LOCKWOOD SUB PT 1 SE5 BL18

Neighborhood

School District Name: Wake County Schools

Census Tract: 051900

Zoning

Zoning: R-6

Geography

Account Number: 0059877

District: 01
Section: 5
Parcel: 1714.20-82-9058 0059877
Lot: 724
Municipality: RALEIGH
Latitude: 35.7883
Longitude: -78.5989

Address

Full Address: 2467 Milburnie Rd

Address - House Number: 2467
Address - Street Name: Milburnie
Address - Suffix Type: Rd
State: NC
City Name: Raleigh
Carrier Code: C011
4-Digit Zip Code: 1759
Zip Code: 27610

Valuation

Tax

Tax Year: 2022

Tax Amount: $236,232

Appraisal Valuation

Standard Deviation: 0.1329

Valuation Date: Aug 31, 2022
Confidence Score: 84
Final Value: 392,752
High Value: 444,958
Low Value: 340,547

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $231,340

Market Land Value: $120,750
Market Improvement Value: $110,590

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $231,340
Assessed Land Value: $120,750
Assessed Improvements Value: $110,590

Sales

Current Sale Contract Date: Jan 24, 2022

Current Sale Recording Date: Jan 25, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About East Raleigh

Stats & Trends

Median Asking:

$429,900

Sale Price/ft²

$302

Below Asking

0.04%

Average Days on Market

Average Home Size

1940 ft²

Average Home Age

32.8 years

Currently For Sale

61 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$2,200 /mo

3 Beds
2 Baths
1,040 ft²

823 Cotton Place, Raleigh, NC, 27601 Listing by Tim Lehan

Unit for rent at 1600 Cross Street, Raleigh, NC, 27610

$1,350 /mo

2 Beds
1 Bath
617 ft²

1600 Cross Street #1604, Raleigh, NC, 27610 Listing by Fara Pourshariati

Unit for rent at 1508 Malta Avenue, Raleigh, NC, 27610

$1,925 /mo

3 Beds
2 Baths
918 ft²

1508 Malta Avenue, Raleigh, NC, 27610 Listing by Ekansh Bhatia

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Annette Holt, Compass -- Cary
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10168560

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 Triangle 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 Triangle MLS, Inc. of North Carolina. All rights reserved.