Raleigh, NC 27609,5105 Memory Lane
Listed by Market-One Realty, LLC
Bought with Property Specific, LLC

$475,000

Est. payment /mo

$550,000

13.6%
Est.Price: ?

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5105 Memory Lane Raleigh, NC 27609

3 Beds

1 Bath

1,449 SqFt

SOLD DATE : 03/28/2024

Key Details

Sold Price $475,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,449 sqft

Price per Sqft $327

Subdivision Not In A Subdivision

MLS Listing ID 2532285

Style Site Built

Bedrooms 3

Full Baths 1

Year Built 1957

Annual Tax Amount $2,323

Lot Size 0.460 Acres

Property Sub-Type Single Family Residence

Property Description

Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Though the property is currently being lived in, it is a tear down where the underlying lot has multiple options for development including single family residential, multi-family, townhomes, apartments, Quadplex, duplex and a Office than can be 3 stories high. There are billions of dollars being invested in Midtown including tens of millions of dollars being invested in very close nearby properties. Also--Significant up-rezonings in the process in the nearby area. This property must be purchase with the adjacent property 5101 Memory Rd as a simuataneous closing/transaction--seeMLS#2532283 Properties Being Sold As Is. Property listed for it's land value--agent has not been inside properties therefore there may be discepancies to the details listed in MLS.

Location

State NC

County Wake

Zoning OX3

Interior

Heating None

Cooling None

Flooring Vinyl

Fireplaces Number 1

Exterior

View Y/N Yes

Building

Structure Type Brick

New Construction No

Schools

Elementary Schools Wake - Millbrook

Middle Schools Wake - East Millbrook

High Schools Wake - Millbrook

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Doorify MLS / Triangle MLS
agent
Courtney Heyward

Owner | Operations | REALTOR® | C 291851

+1(919) 208-1898 | courtney@heywardrealty.com

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