Exceptional investment and/or redevelopment opportunity in Raleigh's highly sought-after Forest Hills neighborhood. Ideally located within walking distance to The Village District and minutes from downtown Raleigh, dining, shopping, parks, and major commuter routes. This property presents a rare chance for investors, builders, or homeowners to renovate the existing residence… Read More or capitalize on the seller's current vision for a modern new construction home. Existing plans, permits, and project documentation are available, offering a valuable head start for redevelopment and reducing time to execution. Picture is a rendering of the new construction permitted modern home proposed. The current structure offers renovation potential, while the new construction pathway creates an exceptional opportunity for a custom luxury build in one of Raleigh's most established and desirable neighborhoods. An adjacent parcel is also available for purchase, creating the unique potential to acquire and develop two side-by-side projects -- ideal for builders, investors, or those seeking to expand their portfolio with multiple redevelopment opportunities in the heart of Raleigh or combining both lots for ultimate privacy. Read Less
Courtesy of Monarch Realty Co., Jason Queen, 919-606-2905.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
6
Full Baths
3
Partial Baths
1
Square Ft.
4,077
Lot Size
0.21 Acres
Year Built
1945
MLS Number
10169745
30 Days Snapshot Of 27607
$679k
+195%
(avg) sold price
2
+100%
homes sold
172
+168%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 4077, Building Area Units: Square Feet, Construction Materials: "Unknown", Living Area Units: Square Feet, Living Area: 4077, Structure Type: "House", "Site Built", Year Built: 1945
Cooling
Cooling: "None"
Floors
Flooring: "Hardwood"
Foundation
Foundation Details: "Combination", "Raised"
Garage
2 garage spaces, Attached Garage, Garage Included
Heating
Heating: "See Remarks"
Lot
Lot Size Acres: 0.21, Lot Size Area: 9147.6, Lot Size Square Feet: 9147.6, Lot Size Units: Square Feet, Parcel Number: 079416848446000 0025577
Parking
Open Parking
Property
Property Sub Type: Single Family Residence, Zoning: R-6
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Tax Annual Amount: 5771.59
Utilities
Water Source: "Public"
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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. Listings last updated on , .
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