Just minutes from Downtown Raleigh, this brick ranch home in Raleigh's growing Lockwood neighborhood presents an exciting opportunity for investors, builders, or buyers looking for their next project. Situated on a spacious .34-acre corner lot, the 1962 single-family home offers approximately 1,000 square feet with 3 bedrooms and 1.5 baths -- making it an ideal tear-down, renovation, rental property, or fixer-upper opportunity in a location where land and proximity to downtown continue to grow in value. The oversized corner lot is truly the standout feature, offering exceptional potential in an area surrounded by ongoing growth and redevelopment. Conveniently located near WakeMed Hospital, Raleigh Country Club, Alamo Drafthouse Cinema Raleigh, I-440, and all the dining, entertainment, and energy of Downtown Raleigh, this property is perfectly positioned for someone ready to reimagine its next chapter.
For sale
Price cut: $15K (7/25)
$365,000
2467 Milburnie Rd, Raleigh, NC 27610
3beds
1,088sqft
:
Get pre-qualifiedN/A
Single Family Residence, Residential
Built in 1962
0.34 Acres Lot
$349,200 Zestimate®
$335/sqft
$-- HOA
What's special
Brick ranch homeOversized corner lot
- 69 days |
- 252 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Annette Holt 919-810-2203,
Compass -- Cary,
Davis Holt 919-810-2188,
Compass -- Cary
Source: Doorify MLS,MLS#: 10168560
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Hardwood, Tile
Interior area
- Total structure area: 1,088
- Total interior livable area: 1,088 sqft
- Finished area above ground: 1,088
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 0.34 Acres
Details
- Parcel number: 171420829058000 0059877
- Zoning: R-6
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Vinyl Siding
- Foundation: Pillar/Post/Pier
- Roof: Shingle
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Lockwood
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $335/sqft
- Tax assessed value: $362,510
- Annual tax amount: $3,181
- Date on market: 5/20/2026
Estimated market value
$349,200
$332,000 - $367,000
$2,596/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Price change | $365,000-3.9%$335/sqft |
Source:  Doorify MLS #10168560 Report a problem | ||
| 5/20/2026 | Listed for sale | $380,000-6.2%$349/sqft |
Source: Doorify MLS #10168560 Report a problem | ||
| 1/25/2022 | Sold | $405,000-10%$372/sqft |
Source: Doorify MLS #2417694 Report a problem | ||
| 12/18/2021 | Pending sale | $450,000$414/sqft |
Source: Doorify MLS #2417694 Report a problem | ||
| 11/5/2021 | Listed for sale | $450,000$414/sqft |
Source: Doorify MLS #2417694 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,181 +0.4% | $362,510 |
| 2024 | $3,168 +24.7% | $362,510 +56.7% |
| 2023 | $2,542 +7.6% | $231,340 |
| 2022 | $2,362 +4% | $231,340 |
| 2021 | $2,271 +1.8% | $231,340 |
| 2020 | $2,230 +46% | $231,340 +77.8% |
| 2019 | $1,528 | $130,101 |
| 2018 | $1,528 +11.2% | $130,101 |
| 2017 | $1,373 +2.1% | $130,101 |
| 2016 | $1,345 | $130,101 +35.5% |
| 2015 | -- | $96,017 |
| 2014 | $963 | $96,017 |
| 2013 | -- | $96,017 |
| 2012 | -- | $96,017 |
| 2011 | -- | $96,017 |
| 2010 | -- | $96,017 |
| 2009 | -- | $96,017 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: East Raleigh
Nearby schools
GreatSchools rating
- 4/10Douglas ElementaryGrades: PK-5Distance: 4 mi
- 7/10Martin MiddleGrades: 6-8Distance: 5.1 mi
- 7/10William G Enloe HighGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Wake - Douglas Elementary
- Middle: Wake - Martin Middle
- High: Wake - William G Enloe 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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A local agent can set up tours, give advice and negotiate with sellers.
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