When was property at 3506 Melrose Drive built and last sold?

The property at 3506 Melrose Drive was built in 1965 and last sold on Apr 6, 2017 for $1,500.

How much is this home worth?

The estimated value of the home located at 3506 Melrose Drive is $301,773.

What are some comparable homes to 3506 Melrose Drive?

Homes that are comparable to 3506 Melrose Drive include a house property at 2112 Kilburn Road , a land property at 2309 Hill Street , a commercial property at 1201 Plainview Drive .

Raleigh

27604

Sumerset Acres

3506 Melrose Drive

1 / 20

Map

$299,000

↓ $16K (5.1%)

● House - For Sale

3506 Melrose Drive

Raleigh, NC 27604

3 Beds

2 Baths

1452 Sqft

$1,530

Estimated Monthly

HOA / Fees

7.58%

Cap Rate

About This Property

Promising investment opportunity in the vibrant Raleigh real estate market. The property itself offers 3 bedrooms and 2 bathrooms, providing ample space for potential owners or buyers. It presents an excellent opportunity for investors seeking to capitalize. Low cost for repairs means a higher spread for potential Investors.

The manager has listed the unit size as 1452 square feet.

Unit Size

1,452Ft²

Days on Market

19 days

Land Size

0.46 acres

Price per sqft

$206

Property Type

House

Property Taxes

$62

HOA Dues

Year Built

1965

Listed By

Steven Koleno

[email protected]

Beycome Brokerage Realty Llc

Last updated: 8 days ago (TRIANGLE #10024112)

Price History

Date / Event	Date	Event
Apr 30, 2024	Price Decreased	$299,000 ↓ $16K (5.1%)
Price Decreased
Apr 19, 2024	Listed by beycome.com	$315,000
Listed by beycome.com

Property Highlights

Air Conditioning

Exterior Details

Exterior Information

Brick

Stone

Building Info

Overview

General

Year Built: 1965

Effective Year Built: 1965
Total Rooms: 5
Bedroom Count: 0
Bathroom Plumbing Fixtures: 4
Floor Count: 1
Living Units: 1
Basement Area: 0
Parking Space Count: 0

Dimensions

Lot Size Square Feet: 20,038

Total Building Area: 1,452
Building Area: 1,452
Building Area Measurement: unknown

Heating and Cooling

Fireplace Count: 1

Air Conditioning: unknown
Heating: unknown
Heated Square Feet: 1,452
Heating Fuel Type: unknown

Utilities

Sewer System: unknown

Water Service: unknown

Building

Property Class: unknown

Subdivision: SUMERSET ACRES
Land Acres: 0.46
Legal Description 1: LO9 SUMERSET AC SE1 BLC

Ownership

Current Owner : SMITH DELORIS CAPPS

Current Owner 2: CAPPS DENNIS HERMAN
Previous Owner : CAPPS EDITH V

Neighborhood

School District Name: Wake County Schools

School Tax School District: 23
Census Tract: 052706

Zoning

Zoning: R-6

Geography

Account Number: 0011530

District: 17
Section: 1
Parcel: 1724.06-37-6899 0011530
Lot: 9
Municipality: ST MATTHEW'S
Latitude: 35.8042
Longitude: -78.5828

Address

Full Address: 3506 Melrose Dr

Address - House Number: 3506
Address - Street Name: Melrose
Address - Suffix Type: Dr
State: NC
City Name: Raleigh
Carrier Code: C007
4-Digit Zip Code: 3813
Zip Code: 27604

Valuation

Tax

Tax Year: 2022

Tax Amount: $685

Appraisal Valuation

Standard Deviation: 0.1237

Valuation Date: Aug 31, 2022
Confidence Score: 86
Final Value: 349,647
High Value: 392,927
Low Value: 306,368

Market Valuation

Market Total Value: $183,334

Market Land Value: $50,000
Market Improvement Value: $133,334

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $183,334
Assessed Land Value: $50,000
Assessed Improvements Value: $133,334

Sales

Current Sale Contract Date: Apr 06, 2017

Current Sale Recording Date: Apr 06, 2017
Current Sale Transaction ID: 1807654472
Current Sale Price: $1,500
Current Sale Document Type: unknown

Redact Ownership Info

Comparables

2112 Kilburn Road

Active

House

3 Beds

2 Baths

1,513 ft²

$237/ft²

$359,000 Apr 18, 2024

3428 Skycrest Drive

In Contract

House

3 Beds

1.5 Baths

1,173 ft²

$217/ft²

$255,000 Mar 1, 2024

$120/mo

2309 Hill Street

Active

Land

Loft

$299,000 Nov 28, 2023

$29/mo

1201 Plainview Drive

Active

Commercial

Loft

$375,000 Jan 16, 2024

$110/mo

About Northeast Raleigh

Stats & Trends

Median Asking:

$349,500

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

Average Home Size

1794 ft²

Average Home Age

20.9 years

Currently For Sale

91 Listings

Similar Homes for Sale

Unit for sale at 1201 Plainview Drive, Raleigh, NC 27610

$375,000

Commercial

1201 Plainview Drive, Raleigh, NC 27610 Listing by Jose Cruz Cruz Labrada

Unit for sale at 2309 Hill Street, Raleigh, NC 27604

$299,000

Land

2309 Hill Street, Raleigh, NC 27604 Listing by Onochie Okafor

Open House: 10AM - 1PM, Sun Apr 21

Unit for sale at 2112 Kilburn Road, Raleigh, NC 27604

$359,000

3 Beds
2 Baths
1,513 ft²

2112 Kilburn Road, Raleigh, NC 27604 Listing by The Home Team

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Nearby Rentals

Unit for rent at 3301 Oak Pass Drive, Raleigh, NC, 27610

$1,850 /mo

3 Beds
2.5 Baths
1,463 ft²

3301 Oak Pass Drive, Raleigh, NC, 27610 Listing by Cindy Cirillo

Unit for rent at 2728 Burgundy Star Drive, Raleigh, NC, 27604

$1,995 /mo

3 Beds
3.5 Baths
1,944 ft²

2728 Burgundy Star Drive, Raleigh, NC, 27604 Listing by Narsa Gaddam

Unit for rent at 804 Culpepper Lane, Raleigh, NC, 27610

$1,845 /mo

2 Beds
1 Bath
1,400 ft²

804 Culpepper Lane, Raleigh, NC, 27610 Listing by Kristina Ellis-Godoy

Rentals Near You

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View Original Listing by beycome.com (844) 239-2663
NGLE-10024112 Copyright © 2024 Triangle MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Listing Status: Active

Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.

3506 Melrose Drive

About This Property

Listed By

Price History

Property Highlights

Building Info

Overview

Building

Ownership

Neighborhood

Zoning

Geography

Valuation

Comparables

About Northeast Raleigh

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions