When was property at 518 Dixie Trail built and last sold?

The property at 518 Dixie Trail was built in 1939 and last sold on Jan 1, 1974 for $38,500.

How much is this home worth?

The estimated value of the home located at 518 Dixie Trail is $0.

What are some comparable homes to 518 Dixie Trail?

There are currently no comparable homes to 518 Dixie Trail.

Raleigh

27607

Forest Hills

518 Dixie Trail

$1,050,000

● House - Off Market

518 Dixie Trail

Raleigh, NC 27607

3 Beds

2 Baths

1,907 Ft²

$7,048

Est. Monthly

1.40%

Cap Rate

About This Property

This property offers a unique opportunity where you can buy a home and have a buildable lot subdivided for another homesite. Currently the property is double fronted on an adjacent street offering the possibility of subdividing a lot on that street. The City of Raleigh has confirmed that this is possible but would need to be approved by survey via the city. Also it could be a great site for complete redevelopment for new residential homes. .60 Acre lot with large back yard that wraps around the house next door. Great opportunity to reside inside the beltline of Raleigh. University Park is a great walkable neighborhood, with Cameron Village only about a mile away.

Unit Size

1,907 Ft²

Days on Market

Land Size

0.60 acres

Price per sqft

$708

Property Type

House

Property Taxes

$418

HOA Dues

Year Built

1939

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (TMLS #10009692)

Price History

Date / Event	Date	Event
Apr 19, 2024	Sold	Premium
Sold
Feb 3, 2024	Listed by Coldwell Banker HPW	$1,350,000
Listed by Coldwell Banker HPW
Jan 1, 1974	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1939

Effective Year Built: 1970
Total Rooms: 7
Bedroom Count: 0
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 3
Building Quality: 0
Construction Type: 2
Building Style: 15
Exterior Walls Type: 2
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 0
Floor Count: 150
Living Units: 1
Floor Cover: 0
Basement Type: 6
Basement Area: 169
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 26,136

Total Building Area: 2,206
Building Area: 2,206
Building Area Measurement: E

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 3
Heated Square Feet: 2,206
Heating Fuel Type: 3

Utilities

Sewer System: 5

Water Service: 6

Building

Building Type: 0

Property Class: R
Subdivision: FAIRGROUND HEIGHTS
Land Acres: 0000000600
Standard Land Use Code: 1001
County Land Use Code: 01
Legal Description 1: LO1A & 3B FAIRGROUND HEIGHTS BM1990-00767

Neighborhood

School District Name: Wake County Schools

Census Tract: 051400

Zoning

Zoning: R-6

Geography

Account Number: 0052102

District: 01
Parcel: 0794.11-65-0274 0052102
Municipality: RALEIGH
Latitude: 35.7972
Longitude: -78.6761

Address

Full Address: 518 Dixie Trl

Address - House Number: 518
Address - Street Name: Dixie
Address - Suffix Type: Trl
State: NC
City Name: Raleigh
Carrier Code: C011
4-Digit Zip Code: 4151
Zip Code: 27607

Valuation

Tax

Tax Year: 2023

Tax Amount: $502,098

Appraisal Valuation

Standard Deviation: 0.1222

Valuation Date: Jan 31, 2024
Confidence Score: 86
Final Value: 734,847
High Value: 824,651
Low Value: 645,044

Open Liens

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Market Valuation

Market Total Value: $458,805

Market Land Value: $331,500
Market Improvement Value: $127,305

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $458,805
Assessed Land Value: $331,500
Assessed Improvements Value: $127,305

Sales

Current Sale Contract Date: Jan 01, 1974

Current Sale Recording Date: Jan 01, 1974
Current Sale Price:

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Current Sale Document Type: 27

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

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Comparables

About University

Stats & Trends

Median Asking:

$845,000

Sale Price/ft²

$431

Below Asking

0.02%

Average Days on Market

Average Home Size

2285 ft²

Average Home Age

33 years

Currently For Sale

176 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

Unit for rent at 2200 Hope Street, Raleigh, NC, 27607

$2,000 /mo

2 Beds
2 Baths
1,338 ft²

2200 Hope Street, Raleigh, NC, 27607 Listing by Spencer Southern

Unit for rent at 21 Shepherd Street, Raleigh, NC, 27607

$2,000 /mo

2 Beds
1 Bath
988 ft²

21 Shepherd Street #215, Raleigh, NC, 27607 Listing by Chip Edwards

Unit for rent at 911 Washington Street, Raleigh, NC, 27605

$2,050 /mo

2 Beds
2 Baths
1,120 ft²

911 Washington Street #103, Raleigh, NC, 27605 Listing by Tim Lehan

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Pam Kitto, Coldwell Banker HPW
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10009692

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.

518 Dixie Trail

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About University

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions