BACK ON THE MARKET. The previous buyer back out during due diligence for reasons unrelated to the property. Bring us an offer! PRIME MIDTOWN RALEIGH TEARDOWN / REDEVELOPMENT LOT - 0.31-acre R-4 zoned lot with no HOA located in a proven redevelopment corridor just minutes from North Hills. Surrounded by ongoing teardown activity and high-end custom construction, including the adjacent lot currently cleared for new construction, this site offers immediate confirmation of redevelopment momentum. Gently sloped, rectangular lot (approximately 90' × 150') provides an efficient footprint for a new custom build. Public water and sewer available. Lot extends beyond existing rear fence (buyer to verify). Existing 1,924 SF 1973 structure conveys strictly as-is and is being marketed for land value only. Ideal for builder or end-user seeking to replace existing housing stock in a rapidly transitioning area with strong resale support from recent nearby new construction. Convenient access to North Hills, Shelley Lake Park, greenways, shopping, dining, and major commuter routes. Exterior/showings of lot only.
For sale
Price cut: $25K (8/6)
$550,000
5605 N Hills Dr, Raleigh, NC 27612
3beds
1,924sqft
Single Family Residence
Built in 1973
0.31 Acres Lot
$540,800 Zestimate®
$286/sqft
$-- HOA
What's special
- 143 days
- 628
- 26
Zillow last checked:
Listing updated:
Listed by:
Katherine Peterson 919-906-0536,
Coldwell Banker HPW
Source: Doorify MLS,MLS#: 10161071
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bonus room
- Level: Lower
Dining room
- Level: Main
Family room
- Level: Lower
Kitchen
- Level: Main
Living room
- Level: Lower
Heating
- Natural Gas
Cooling
- Central Air, Electric
Features
- Flooring: Carpet, Tile, Vinyl
Interior area
- Total structure area: 1,924
- Total interior livable area: 1,924 sqft
- Finished area above ground: 1,924
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Carport, Open
- Carport spaces: 1
- Uncovered spaces: 3
Features
- Levels: Multi/Split
Lot
- Size: 0.31 Acres
Details
- Parcel number: 170609152712000 0065056
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Vinyl Siding
- Foundation: Crawlspace
- Roof: Shingle
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Briarwood
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $286/sqft
- Tax assessed value: $548,933
- Annual tax amount: $4,807
- Date on market: 8/6/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$540,800
$514,000 - $568,000
$2,564/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Price change | $550,000-4.3%$286/sqft |
Source:  Doorify MLS #10161071 Report a problem | ||
| 7/21/2026 | Pending sale | $575,000$299/sqft |
Source: Doorify MLS #10161071 Report a problem | ||
| 7/7/2026 | Price change | $575,000-4.2%$299/sqft |
Source: Doorify MLS #10161071 Report a problem | ||
| 4/17/2026 | Listed for sale | $600,000+453%$312/sqft |
Source: Doorify MLS #10161071 Report a problem | ||
| 2/28/1994 | Sold | $108,500$56/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,807 +0.4% | $548,933 |
| 2024 | $4,787 +22.6% | $548,933 +54.1% |
| 2023 | $3,904 +7.6% | $356,300 |
| 2022 | $3,628 +4% | $356,300 |
| 2021 | $3,487 +1.9% | $356,300 |
| 2020 | $3,423 +13.6% | $356,300 +37.9% |
| 2019 | $3,014 | $258,371 |
| 2018 | $3,014 +11.3% | $258,371 |
| 2017 | $2,708 +2.1% | $258,371 |
| 2016 | $2,652 +18.4% | $258,371 +20.5% |
| 2015 | $2,240 +5.4% | $214,379 |
| 2014 | $2,125 | $214,379 |
| 2013 | -- | $214,379 |
| 2012 | -- | $214,379 |
| 2011 | -- | $214,379 |
| 2010 | -- | $214,379 |
| 2009 | -- | $214,379 |
| 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: Six Forks
Nearby schools
Schools provided by the listing agent
- Elementary: Wake - Lynn Road Elementary
- Middle: Wake - Carroll Middle
- High: Wake - Sanderson 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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