See Home Value
$325,000
● House - Off Market

5228 Olive Road

Raleigh, NC 27606
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,242 Ft²
$1,863
Est. Monthly
6.17%
Cap Rate

About This Property

Welcome Home!  Located conveniently by Lake Johnson, and a stone's throw from NC State and Downtown Raleigh, this property's convenient location offers easy access to the community at large - from outdoor recreation, to collegiate sporting events or a night on town - you have it all.  With a big fenced in backyard and upgraded systems such as HVAC, Roof, etc.., this home is move in ready and ready for an individual looking for their first home, or downsizing and/or as a revenue generating rental property that is ready to produce.  This quiet neighborhood has a lot to offer!
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$278
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1975

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Last updated: 2 years ago (TMLS #10101998)

Price History

Date / Event Date Event Price
Oct 24, 2025 Sold
Sold
Sep 19, 2025 In contract -
In contract
Sep 10, 2025 Price Decreased $345,000
↓ $10K (2.8%)
Price Decreased
Aug 6, 2025 Price Decreased $355,000
↓ $10K (2.7%)
Price Decreased
Jul 17, 2025 Price Decreased $365,000
↓ $10K (2.7%)
Price Decreased
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • 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: 20,038
  • Total Building Area: 1,174
  • Building Area: 1,174
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,174
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKESIDE SUB
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO95 LAKESIDE SUB

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053008

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0068731
  • District: 18
  • Parcel: 0782.06-29-6357 0068731
  • Lot: 95
  • Municipality: SWIFT CREEK
  • Latitude: 35.7537
  • Longitude: -78.7214

    Address

  • Full Address: 5228 Olive Rd
  • Address - House Number: 5228
  • Address - Street Name: Olive
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C030
  • 4-Digit Zip Code: 4124
  • Zip Code: 27606

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $146,461

    Appraisal Valuation

  • Standard Deviation: 0.0968
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 91
  • Final Value: 353,317
  • High Value: 387,550
  • Low Value: 319,084

    Market Valuation

  • Market Total Value: $200,029
  • Market Land Value: $75,000
  • Market Improvement Value: $125,029

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $200,029
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $125,029

    Sales

  • Current Sale Contract Date: Jul 29, 1986
  • Current Sale Recording Date: Jul 29, 1986
  • 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 Southwest Raleigh


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1501 Graduate Lane, Raleigh, NC, 27606

$2,200 /mo

  • 4 Beds
  • 4 Baths
  • 1,224 ft²
1501 Graduate Lane, Raleigh, NC, 27606 Listing by Deanna Sparks


Frequently Asked Questions

When was property at 5228 Olive Road built and last sold?
The property at 5228 Olive Road was built in 1975 and last sold on Jul 29, 1986 for $71,000.
How much is this home worth?
The estimated value of the home located at 5228 Olive Road is $344,488.
What are some comparable homes to 5228 Olive Road?
There are currently no comparable homes to 5228 Olive Road.