Investor's Dream Opportunity in the Growing Raleigh Market! Unlock the potential of this prime investment property located within the rapidly expanding city limits of Raleigh, NC. Whether you're looking to renovate, rent, or redevelop, this property offers endless possibilities for savvy investors. What makes this opportunity truly unique is the potential for assemblage this property can be combined with additional neighboring properties owned by the seller, creating a rare chance to secure a larger footprint in one of Raleigh's most sought after growth corridors. Surrounded by ongoing development, increasing property values, and strong demand, this location positions you for both immediate and long term returns. Conveniently located near major roadways, shopping, dining, and everything Raleigh has to offer. Don't miss your chance to invest in one of North Carolina's fastest growing markets with expansion potential already in place.
For sale
Price increase: $48K (6/6)
$185,000
705 Merrywood Dr, Raleigh, NC 27610
0beds
720sqft
Single Family Residence, Residential
Built in 1993
5,662 Square Feet Lot
$179,600 Zestimate®
$257/sqft
$-- HOA
What's special
- 24 days |
- 734 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
Sandy Ballesteros 919-805-7008,
Realty One Group Greener Side
Source: Doorify MLS,MLS#: 10171640
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other
Cooling
- Wall Unit(s)
Features
- Flooring: Laminate
Interior area
- Total structure area: 720
- Total interior livable area: 720 sqft
- Finished area above ground: 720
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 171310355424000 0041790
- Zoning: R-10
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Aluminum Siding
- Foundation: Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1993
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: To Be Added
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $257/sqft
- Tax assessed value: $180,150
- Annual tax amount: $1,591
- Date on market: 6/4/2026
Estimated market value
$179,600
$171,000 - $189,000
$1,571/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Price change | $185,000+35%$257/sqft |
Source:  Doorify MLS #10171640 Report a problem | ||
| 6/4/2026 | Listed for sale | $137,000+2390.9%$190/sqft |
Source: Doorify MLS #10171640 Report a problem | ||
| 3/31/1990 | Sold | $5,500$8/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,591 +0.4% | $180,150 |
| 2024 | $1,585 +1.8% | $180,150 +27.8% |
| 2023 | $1,556 +7.5% | $140,914 |
| 2022 | $1,447 +4% | $140,914 |
| 2021 | $1,391 +1.8% | $140,914 |
| 2020 | $1,366 +88.1% | $140,914 +131.3% |
| 2019 | $726 | $60,928 |
| 2018 | $726 +11.1% | $60,928 |
| 2017 | $654 +2% | $60,928 |
| 2016 | $641 -2.5% | $60,928 -0.9% |
| 2015 | $657 +5.3% | $61,504 |
| 2014 | $624 | $61,504 |
| 2013 | -- | $61,504 |
| 2012 | -- | $61,504 |
| 2011 | -- | $61,504 |
| 2010 | -- | $61,504 |
| 2009 | -- | $61,504 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Climate risks
Neighborhood: South Central
Getting around
48 / 100
Some TransitNearby schools
GreatSchools rating
- 3/10Southeast Raleigh ElementaryGrades: PK-5Distance: 0.7 mi
- 2/10Centennial Campus MiddleGrades: 6-8Distance: 4 mi
- 4/10Southeast Raleigh HighGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Raleigh
- 27610
- South Central
- 705 Merrywood Dr
Nearby cities
Nearby neighborhoods
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