Check Availability
$990,000
↓ $110K (10%)
Land - For Sale

4701 Morehead Drive

Raleigh, NC 27612
bedrooms
Studio
bathrooms
0 Bath
$51,046
Estimated Monthly
$0
HOA / Fees
-49.67%
Cap Rate

About This Property

Great Location for land purchase. 1.68 acres. Right off of Glenwood Ave. House on property but will probably need to be removed/tore down. Great investment potential. Property currently zoned R-4. See attached conceptuals. All would require approval for adjustments to zoning and UDO.
Unit Size
-
Days on Market
63 days
Land Size
1.68 acres
Price per sqft
-
Property Type
Land
Property Taxes
$46,185
HOA Dues
-
Year Built
1965

Listed By

Last updated: 2 days ago (TRIANGLE #10015395)

Price History

Date / Event Date Event Price
May 7, 2024 Price Decreased $990,000
↓ $110K (10%)
Price Decreased
Mar 6, 2024 Listed by Spencer Properties $1,100,000
Listed by Spencer Properties
Dec 28, 2023 Sold to Richard H Newton $696,000
Sold to Richard H Newton

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Total Rooms: 10
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 2,049
  • Garage Square Area: 560
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 73,181
  • Total Building Area: 5,313
  • Building Area: 5,313
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,313
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Land Acres: 1.68
  • Legal Description 1: LO1 PROP OF CEDRIC & WIFE BLDGOODWI

Ownership

  • Current Owner : JACQUELINE D MURRAY IRREVOCABLE LIFE INSURANC
  • Current Owner 2: NEWTON RICHARD H
  • Previous Owner : MURRAY JACQUELINE D
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052506

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0049700
  • District: 07
  • Parcel: 0796.14-22-6994 0049700
  • Lot: 1
  • Municipality: HOUSE CREEK
  • Latitude: 35.8461
  • Longitude: -78.6869

    Address

  • Full Address: 4701 Morehead Dr
  • Address - House Number: 4701
  • Address - Street Name: Morehead
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C056
  • 4-Digit Zip Code: 5722
  • Zip Code: 27612

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,061

    Appraisal Valuation

  • Standard Deviation: 0.0916
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 980,971
  • High Value: 1,070,895
  • Low Value: 891,046

    Market Valuation

  • Market Total Value: $554,217
  • Market Land Value: $150,000
  • Market Improvement Value: $404,217

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $554,217
  • Assessed Land Value: $150,000
  • Assessed Improvements Value: $404,217

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Dec 28, 2023
  • Current Sale Transaction ID: 11918765666
  • Current Sale Price: $696,000
  • Current Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
5 Baths
4,143 ft²
$266/ft²
$1,100,000 Mar 6, 2024
-
$603/mo

About Northwest Raleigh


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Frequently Asked Questions

When was property at 4701 Morehead Drive built and last sold?
The property at 4701 Morehead Drive was built in 1965 and last sold on Dec 28, 2023 for $696,000.
How much is this home worth?
The estimated value of the home located at 4701 Morehead Drive is $1,111,000.
What are some comparable homes to 4701 Morehead Drive?
Homes that are comparable to 4701 Morehead Drive include a house property at 4209 Glen Laurel Drive, located in Raleigh, NC.

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