Lot/land

$12,000,000

3151 New Bern Ave, Raleigh, NC 27610

--beds

--baths

4.89Acres

Unimproved Land, Land

Built in ----

4.89 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

This property has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD). The zoning allows for a Residential Commercial mix development from 16 to 20 stories possible. Up to 928 units of condos, apartment and or hotel rooms. The City is underway for the first proposed BRT station at this location on New Bern Avenue. In addition to the 928 units, there is 70k square of office and 20k for commercial uses.

1019 days

142

0

Facts & features

Property

Features

Has view: Yes

Lot

Size: 4.89 Acres
Dimensions: 247 x 650 x 1400 x 271 x 635 x 912
Features: Sloped

Details

Parcel number: 1724221587
Zoning: CX12
Special conditions: Seller Licensed Real Estate Professional

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available

Community & HOA

Community

Subdivision: Not in a Subdivision

HOA

Has HOA: No

Location

Region: Raleigh

Financial & listing details

Tax assessed value: $2,753,436
Annual tax amount: $24,012
Date on market: 10/25/2023
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

$2,093/mo

Price history

Date	Event	Price
10/25/2023	Listed for sale	$12,000,000
Source: Doorify MLS #2538929 Report a problem
9/21/2023	Listing removed	--
Source: Doorify MLS #2417511 Report a problem
9/22/2022	Listed for sale	$12,000,000+20%
Source: Doorify MLS #2417511 Report a problem
6/1/2022	Contingent	$10,000,000
Source: Doorify MLS #2417511 Report a problem
12/5/2021	Listed for sale	$10,000,000+1609.4%
Source: Doorify MLS #2417511 Report a problem
2/24/2000	Sold	$585,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$24,013 +0.4%	$2,753,436
2024	$23,914 +85.9%	$2,753,436 +133.3%
2023	$12,862 +7.7%	$1,180,044
2022	$11,948 +4.1%	$1,180,044
2021	$11,482 +1.9%	$1,180,044
2020	$11,272 -7.4%	$1,180,044 +12.4%
2019	$12,171	$1,050,239
2018	$12,171 +11.4%	$1,050,239
2017	$10,926 +2.1%	$1,050,239 -23.1%
2016	$10,700 +97%	$1,365,311 +160.3%
2015	$5,431	$524,464
2005	--	--
2004	--	--
2003	--	--
2002	--	--
2001	--	--

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified