See Home Value
$263,804*
Land - Off Market

611 Velma Hopkins Lane

Raleigh, NC 27603
bedrooms
Studio
bathrooms
0 Bath
$231,000 - $281,000
Reference Base Price*
3.05%
Since Apr 1, 2023
National-US
Primary Model
Refi Jun 30, 2023
Transfer
$825,000 by The Fidelity Bank
Mortgage

About This Property

Rare opportunity to purchase ready-to-build single family lots in the heart of Downtown Raleigh's Southern Gateway.  These homesites are walking distance to Dix Park, the Farmers Market, and the Downtown South Development area that has just started construction.   Of the initial 47 lots in the first phase of Caraleigh Commons, 32 stunning custom homes have been completed in styles ranging from charming historic replicas to sleek modern masterpieces. All the homes and lots feature skyline views with most including rooftop decks.  Current homes are selling for over a million dollars.    There are 15 SFH lots left in phase one.  All the remaining lots are for sale, but must be purchased in groups of at least 3 to receive the listed pricing.
Unit Size
-
Days on Market
-
Land Size
0.04 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Apr 20, 2024 No longer available -
No longer available
Jun 9, 2023 Listed $1,100,000
Listed
Presale entered for comp purposes. Uniquely modern+historically inspired custom designed home w/views from rooftop deck in desirable Caraleigh Commons. 3 bdrms, 3 ensuite baths+1/2 ba on main. Entire 3rd is Owner suite w/spacious WIC! Exceptional features incl 10'ceilings, detailed trim pkg, o'size windows, oak stairs & hardwood floors. Enjoy the ease & convenience of open plan layout+downtown living in this bustling development! Lg natural common area+greenway to Farmers Market…
Mar 3, 2023 No longer available -
No longer available
Feb 23, 2023 Listed $256,000
Listed
May 12, 2022 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,742
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Vacant
  • Subdivision: CARALEIGH COMMONS
  • Land Acres: 0.04
  • Standard Land Use Code: Vacant land (general)
  • Legal Description 1: LO33 CARALEIGH COMMONS PH1 BM2017-00062

Ownership

  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054502

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: BK 2017 PG 62
  • Account Number: 0443227
  • District: 01
  • Subdivision Phase Number: 1
  • Parcel: 1703.17-21-1834 0443227
  • Lot: 33
  • Municipality: RALEIGH
  • Latitude: 35.7603
  • Longitude: -78.6557

    Address

  • Full Address: 611 Velma Hopkins Ln
  • Address - House Number: 611
  • Address - Street Name: Velma Hopkins
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C031
  • 4-Digit Zip Code: 6489
  • Zip Code: 27603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,098
  • Intital Tax Deliquent Year: 2022

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $825,000
  • First Open Lien Mortgage Lender: THE FIDELITY BANK
  • First Open Lien Mortgage Recording Date: Jun 30, 2023
  • First Open Lien Mortgage Loan Amount: $825,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $192,500
  • Market Land Value: $192,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,500
  • Assessed Land Value: $192,500



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
-
$213,000 Jun 13, 2003
$213,000 Aug 15, 2003
$172/mo
Land
Loft
-
-
$256,000 Feb 23, 2023
-
-
Land
Loft
-
-
$256,000 Feb 23, 2023
-
-
Land
Loft
-
-
$230,400 Feb 23, 2023
-
-
Land
Loft
-
-
$230,400 Feb 23, 2023
-
-
Land
Loft
-
-
$204,800 Feb 23, 2023
-
-

About Southwest Raleigh


Similar Homes for Sale

Unit for sale at 603 Velma Hopkins Lane, Raleigh, NC 27603

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Nearby Rentals

Unit for rent at 417 Bledsoe Avenue, Raleigh, NC, 27601

$2,700 /mo

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417 Bledsoe Avenue, Raleigh, NC, 27601 Listing by Melissa Rocamora
Unit for rent at 222 Glenwood Avenue, Raleigh, NC, 27603

$2,495 /mo

  • 2 Beds
  • 2 Baths
  • 1,281 ft²
222 Glenwood Avenue #516, Raleigh, NC, 27603 Listing by Monica Palmer
Unit for rent at 122 North Harrington Street, Raleigh, NC, 27603

$3,500 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,470 ft²
122 North Harrington Street #1125, Raleigh, NC, 27603 Listing by Don Gomez


Frequently Asked Questions

When was property at 611 Velma Hopkins Lane built and last sold?
The property at 611 Velma Hopkins Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 611 Velma Hopkins Lane is $258,560.
What are some comparable homes to 611 Velma Hopkins Lane?
Homes that are comparable to 611 Velma Hopkins Lane include a land property at 609 Velma Hopkins Lane, 1620 Ella Wiggins Way, 614 Velma Hopkins Lane.

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