When was property at 715 Penn Road built and last sold?

The property at 715 Penn Road was built in 2021 and last sold on Mar 10, 2021 for $320,000.

How much is this home worth?

The estimated value of the home located at 715 Penn Road is $1,219,680.

What are some comparable homes to 715 Penn Road?

There are currently no comparable homes to 715 Penn Road.

Raleigh

27604

Oakwood Park

715 Penn Road

$1,175,000

● House - Off Market

715 Penn Road

Raleigh, NC 27604

4 Beds

4 Baths, 1 Half Bath

4,268 Ft²

$1,237,247

RealtyHop Estimate

5.30%

Since Mar 1, 2022

National-US

Primary Model

About This Property

Don't miss out on this Downtown Raleigh gem built by local luxury builder Urban Building Solutions. The home has a welcoming inviting feel from the second you pull up. The design perfectly blends function and style with high end finishes and a floor plan that flows seamlessly. There's plenty of space for a home office, homework station, game room, gym you name it! With this house you can have it all & still be in one of Raleigh's most desirable locations! Urban Building has built another masterpiece!

Unit Size

4,268 Ft²

Days on Market

Land Size

0.20 acres

Price per sqft

$275

Property Type

House

Property Taxes

HOA Dues

Year Built

2021

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (TMLS #2412926)

Price History

Date / Event	Date	Event
Feb 10, 2022	Sold	Premium
Sold
Oct 11, 2021	Listed by Rich Realty Group	$1,175,000
Listed by Rich Realty Group
Mar 10, 2021	Sold	Premium
Sold
Jan 4, 2021	Listed by Rich Realty Group	$300,000
Listed by Rich Realty Group
Jan 1, 1976	Sold	Premium
Sold

Property Highlights

Air Conditioning

Fireplace

Parking Available

Building Info

Overview

General

Year Built: 2021

Effective Year Built: 2021
Total Rooms: 5
Bedroom Count: 0
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
Building Condition: 3
Building Quality: 0
Construction Type: 6
Building Style: 15
Exterior Walls Type: 19
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 0
Floor Count: 200
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: 8,712

Total Building Area: 4,314
Building Area: 4,314
Building Area Measurement: E

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 3
Heated Square Feet: 4,314
Heating Fuel Type: 3

Utilities

Sewer System: 5

Water Service: 6

Building

Building Type: 0

Property Class: R
Subdivision: CAPITAL HEIGHTS
Land Acres: 0000000200
Standard Land Use Code: 1001
County Land Use Code: 01
Legal Description 1: LO128 CAPITOL HGTS

Neighborhood

School District Name: Wake County Schools

Census Tract: 050500

Zoning

Zoning: R-10

Geography

Account Number: 0009938

District: 01
Parcel: 1714.17-22-2026 0009938
Lot: 128
Municipality: RALEIGH
Latitude: 35.7883
Longitude: -78.6216

Address

Full Address: 715 Penn Rd

Address - House Number: 715
Address - Street Name: Penn
Address - Suffix Type: Rd
State: NC
City Name: Raleigh
Carrier Code: C043
4-Digit Zip Code: 2358
Zip Code: 27604

Valuation

Tax

Tax Year: 2022

Tax Amount: $994,557
Initial Tax Delinquent Year: 2019

Appraisal Valuation

Standard Deviation: 0.1237

Valuation Date: Aug 31, 2022
Confidence Score: 86
Final Value: 384,319
High Value: 431,890
Low Value: 336,747

Market Valuation

Market Total Value: $980,303

Market Land Value: $180,000
Market Improvement Value: $800,303

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $980,303
Assessed Land Value: $180,000
Assessed Improvements Value: $800,303

Sales

Current Sale Contract Date: Mar 10, 2021

Current Sale Recording Date: Mar 10, 2021
Current Sale Price:

Premium
Current Sale Document Type: 71
Previous Sale Recording Date: Jan 01, 1976
Previous Sale Contract Date: Jan 01, 1976
Previous Sale Amount: $15,500
Previous Sale Document Type: 27

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium

Financing

First Mortgage Financing Type: VAR

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

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Comparables

About Central Raleigh

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$373

Below Asking

0.03%

Average Days on Market

Average Home Size

1907 ft²

Average Home Age

29.5 years

Currently For Sale

140 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 823 Cotton Place, Raleigh, NC, 27601

$2,300 /mo

3 Beds
2 Baths
1,040 ft²

823 Cotton Place, Raleigh, NC, 27601 Listing by Tim Lehan

Unit for rent at 400 W North Street, Raleigh, NC, 27603

$2,400 /mo

2 Beds
2 Baths
1,238 ft²

400 W North Street #826A, Raleigh, NC, 27603 Listing by Ann-Cabell Baum

Unit for rent at 219 E South Street, Raleigh, NC, 27601

$2,195 /mo

3 Beds
2 Baths
1,350 ft²

219 E South Street, Raleigh, NC, 27601 Listing by Franchelle Stevens

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Anne Godwin, Rich Realty Group
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2412926

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.

715 Penn Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Central Raleigh

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions