See Home Value
$930,000
● House - Off Market

3401 Ocotea Street

Raleigh, NC 27607
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,862 Ft²
$4,586
Est. Monthly

About This Property

A rare opportunity for a .75 acre wooded estate lot in one of Raleigh's most sought after neighborhoods. Sitting gently above street level and measuring approximately 115 feet wide and 271 feet deep, this property offers an exceptional starting point for a custom home in a truly prime setting. Located in the Lacy, Martin, and Broughton school district, the lot provides the combination of privacy, scale, and location that is increasingly difficult to find. The setting feels tucked away, yet is remarkably convenient, just minutes from the Ridge Road and Lake Boone Trail intersection. Lacy and Martin are an easy walk, and Whole Foods at Ridgewood Shopping Center is less than 1.5 miles away. Quick access to the Beltline, RDU Airport, and Research Triangle Park makes this an ideal opportunity for those seeking a long term investment or a custom estate home in a first class Raleigh location.
Unit Size
2,862 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$278
Property Type
House
Property Taxes
$682
HOA Dues
-
Year Built
1966

Payment Calculator

Cap Rate Calculator

Last updated: 8 months ago (TMLS #10141068)

Price History

Date / Event Date Event Price
Mar 19, 2026 Sold
Sold
Jan 19, 2026 In contract -
In contract
Jan 14, 2026 Listed by Corcoran DeRonja Real Estate $795,000
Listed by Corcoran DeRonja Real Estate
Apr 27, 1984 Sold
Sold

Property Highlights


Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1975
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 0
  • 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: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,363
  • Total Building Area: 2,387
  • Building Area: 2,387
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,387
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000720
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO7A W C WHITT

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051501

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0024042
  • District: 01
  • Parcel: 0795.14-32-6527 0024042
  • Municipality: RALEIGH
  • Latitude: 35.8172
  • Longitude: -78.6842

    Address

  • Full Address: 3401 Ocotea St
  • Address - House Number: 3401
  • Address - Street Name: Ocotea
  • Address - Suffix Type: St
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C005
  • 4-Digit Zip Code: 3141
  • Zip Code: 27607

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $633,168

    Appraisal Valuation

  • Standard Deviation: 0.1222
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 86
  • Final Value: 895,231
  • High Value: 1,004,635
  • Low Value: 785,828

    Market Valuation

  • Market Total Value: $579,053
  • Market Land Value: $425,000
  • Market Improvement Value: $154,053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $579,053
  • Assessed Land Value: $425,000
  • Assessed Improvements Value: $154,053

    Sales

  • Current Sale Contract Date: Apr 27, 1984
  • Current Sale Recording Date: Apr 27, 1984
  • Current Sale Price:
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Hills


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2815 Wilcox Place, Raleigh, NC, 27607

$3,290 /mo

  • 4 Beds
  • 4 Baths
2815 Wilcox Place, Raleigh, NC, 27607 Listing by Dameion Tarique Moore
Unit for rent at 2815 Wilcox Place, Raleigh, NC, 27607

$1,495 /mo

  • 2 Beds
  • 1 Bath
2815 Wilcox Place, Raleigh, NC, 27607 Listing by Dameion Tarique Moore
Unit for rent at 2813 Wilcox Place, Raleigh, NC, 27607

$1,495 /mo

  • 2 Beds
  • 1 Bath
2813 Wilcox Place #103, Raleigh, NC, 27607 Listing by Dameion Tarique Moore


Frequently Asked Questions

When was property at 3401 Ocotea Street built and last sold?
The property at 3401 Ocotea Street was built in 1966 and last sold on Apr 27, 1984 for $120,000.
How much is this home worth?
The estimated value of the home located at 3401 Ocotea Street is $814,343.
What are some comparable homes to 3401 Ocotea Street?
There are currently no comparable homes to 3401 Ocotea Street.