Located in one of Raleigh's most desirable Inside-the-Beltline locations, 1420 Park Drive offers a unique opportunity for renovation, investment, or potential redevelopment. The existing brick home, built in 1938, provides a starting point for those looking to reimagine a property in an established neighborhood convenient to Downtown Raleigh, the Village District, NC State, Glenwood South, and nearby parks, dining, shopping, and schools. Beyond the main living area, the property offers valuable additional space with an unfinished basement and unfinished storage areas, providing flexibility for renovation, storage, workshop space, or other potential uses. Whether restoring and updating the existing home or exploring a larger redevelopment vision, the property's location and surrounding neighborhood make this an opportunity worth considering. Property is being offered with renovation and redevelopment potential in mind. Buyers are encouraged to consult with the City of Raleigh Planning and Development Department and review the applicable Unified Development Ordinance (UDO), zoning, historic district requirements, setbacks, and other regulations to independently determine what renovations, additions, redevelopment, or other uses may be permitted. Due to estate settlement purposes closing will likely need to occur in early to mid December.
For sale
$775,000
1420 Park Dr, Raleigh, NC 27605
3beds
1,355sqft
Single Family Residence
Built in 1938
8,276 Square Feet Lot
$735,700 Zestimate®
$572/sqft
$-- HOA
What's special
Brick homeUnfinished basementUnfinished storage areas
- 35 days
- 868
- 61
Zillow last checked:
Listing updated:
Listed by:
Derek Pruitt 919-270-4034,
Dallas Pearce Realty
Source: Doorify MLS,MLS#: 10190232
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 136.62 Square Feet
- Dimensions: 9.9 x 13.8
Bedroom 2
- Level: Main
- Area: 127.44 Square Feet
- Dimensions: 10.8 x 11.8
Bedroom 3
- Level: Main
- Area: 132.66 Square Feet
- Dimensions: 9.9 x 13.4
Dining room
- Level: Main
- Area: 151.04 Square Feet
- Dimensions: 11.8 x 12.8
Kitchen
- Level: Main
- Area: 96.04 Square Feet
- Dimensions: 9.8 x 9.8
Living room
- Level: Main
- Area: 220.16 Square Feet
- Dimensions: 12.8 x 17.2
Heating
- Heat Pump
Cooling
- Heat Pump
Features
- Flooring: Hardwood, Tile, Vinyl
- Basement: Unfinished
Interior area
- Total structure area: 1,355
- Total interior livable area: 1,355 sqft
- Finished area above ground: 1,355
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage, Open
- Garage spaces: 1
- Uncovered spaces: 1
Features
- Levels: Three Or More
- Stories: 1
Lot
- Size: 8,276 Square Feet
Details
- Parcel number: 170418217526000 0059514
- Zoning: R-6
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Forest Park
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $572/sqft
- Tax assessed value: $697,760
- Annual tax amount: $6,363
- Date on market: 9/2/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional
Estimated market value
$735,700
$699,000 - $772,000
$2,073/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Listed for sale | $775,000-11.4%$572/sqft |
Source:  Doorify MLS #10190232 Report a problem | ||
| 2/20/2025 | Listing removed | $875,000$646/sqft |
Source: Doorify MLS #10057863 Report a problem | ||
| 10/11/2024 | Listed for sale | $875,000+2634.4%$646/sqft |
Source: Doorify MLS #10057863 Report a problem | ||
| 2/1/1983 | Sold | $32,000$24/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,105 +0.4% | $697,760 |
| 2024 | $6,080 +11% | $697,760 +39.3% |
| 2023 | $5,479 +7.6% | $500,841 |
| 2022 | $5,091 +4% | $500,841 |
| 2021 | $4,893 | $500,841 |
| 2020 | -- | $500,841 +28.4% |
| 2019 | -- | $390,011 |
| 2018 | -- | $390,011 |
| 2017 | -- | $390,011 |
| 2016 | -- | $390,011 -4.8% |
| 2015 | -- | $409,719 |
| 2014 | -- | $409,719 |
| 2013 | -- | $409,719 |
| 2012 | -- | $409,719 |
| 2011 | -- | $409,719 |
| 2010 | -- | $409,719 |
| 2009 | -- | $409,719 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Hillsborough
Nearby schools
Schools provided by the listing agent
- Elementary: Wake - Wiley Elementary
- Middle: Wake - Oberlin Middle
- High: Wake - Needham Broughton High
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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