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For sale
    • Price cut: $20K (9/11)
    $405,000

    718 Penn Rd, Raleigh, NC 27604

    2beds
    851sqft
    : 
    $2,520/mo
    Get pre-qualified
    Single Family Residence
    Built in 1951
    9,147 Square Feet Lot
    $395,200 Zestimate®
    $476/sqft
    $-- HOA

    What's special

    Private deckButcher block islandGranite countersHardwoods throughoutStainless steel appliances
    Live the dream in the highly sought after Capital Heights neighborhood! You will love this 2 bedroom homes on a private fenced .21 acres lot. A prime location just minutes to Downtown Raleigh and walking distance to the Oakwood dog park, restaurants and more. Featuring Granite counters and butcher block island. Stainless steel appliances, hardwoods throughout, private deck, patio and more! Do not miss this fabulous home in an incredible neighborhood. Welcome Home! Home being sold, AS IS.
    57 days
    284
    8

    Zillow last checked:

    Listing updated:

    Listed by:

    Patrick Lawson 919-829-9231,

    RE/MAX EXECUTIVE

    Source: Doorify MLS,MLS#: 10180491MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bedrooms: 2
      Primary bedroom
      • Level: Main
      • Area: 160 Square Feet
      • Dimensions: 12.8 x 12.5
      Bedroom 2
      • Level: Main
      • Area: 95.23 Square Feet
      • Dimensions: 10.7 x 8.9
      Dining room
      • Level: Main
      • Area: 98.8 Square Feet
      • Dimensions: 13.0 x 7.6
      Kitchen
      • Level: Main
      • Area: 115.28 Square Feet
      • Dimensions: 13.1 x 8.8
      Living room
      • Level: Main
      • Area: 195.6 Square Feet
      • Dimensions: 12.0 x 16.3
      Heating
      • Natural Gas
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Washer
      • Laundry: Laundry Closet
      Features
      • Flooring: Wood
      Interior area
      • Total structure area: 851
      • Total interior livable area: 851 sqft
      • Finished area above ground: 851
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Driveway, Gravel
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Deck, Rear Porch
      • Exterior features: Private Yard, Fenced Yard
      • Fencing: Back Yard
      Lot
      • Size: 9,147 Square Feet
      • Features: Back Yard, Landscaped
      Details
      • Parcel number: 171417212876000 0021757
      • Zoning: R-10
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch,Traditional
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding
      • Foundation: Block, Crawlspace
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1951

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Capital Heights
      HOA
      • Has HOA: No
      Location
      • Region: Raleigh

      Financial & listing details

      • Price per square foot: $476/sqft
      • Tax assessed value: $399,427
      • Annual tax amount: $3,503
      • Date on market: 8/7/2026
      • Listing agreement: Exclusive Agency
      • Listing terms: Other

        Estimated market value

        $395,200

        $375,000 - $415,000

        $1,650/mo

        Price history

        DateEventPrice
        9/11/2026Price change$405,000-4.7%$476/sqft
        Source: Doorify MLS #10180491 Report a problem
        8/7/2026Listed for sale$425,000$499/sqft
        Source: Doorify MLS #10180491 Report a problem
        7/20/2026Pending sale$425,000$499/sqft
        Source: Doorify MLS #10180491 Report a problem
        7/16/2026Listed for sale$425,000+84.8%$499/sqft
        Source: Doorify MLS #10180491 Report a problem
        11/28/2016Sold$230,000-2.1%$270/sqft
        Source: Public Record Report a problem
        10/5/2016Listed for sale$234,900+52.5%$276/sqft
        Source: Fathom Realty NC, LLC #2093165 Report a problem
        10/21/2014Listing removed$154,000$181/sqft
        Source: The Capitol Group #1962813 Report a problem
        9/22/2014Price change$154,000-6.6%$181/sqft
        Source: The Capitol Group #1962813 Report a problem
        8/26/2014Price change$164,900-8.3%$194/sqft
        Source: The Capitol Group #1962813 Report a problem
        8/1/2014Listed for sale$179,900+44%$211/sqft
        Source: The Capitol Group #1962813 Report a problem
        12/8/2011Listing removed$124,900$147/sqft
        Source: Coldwell Banker Howard Perry and Walston #1802336 Report a problem
        9/16/2011Price change$124,900+7.7%$147/sqft
        Source: Coldwell Banker Howard Perry and Walston #1802336 Report a problem
        9/7/2011Price change$116,000-22.6%$136/sqft
        Source: Coldwell Banker HPW #1760546 Report a problem
        3/8/2011Price change$149,900-6.3%$176/sqft
        Source: Coldwell Banker Howard Perry and Walston #1760546 Report a problem
        12/21/2010Price change$159,900-3%$188/sqft
        Source: Coldwell Banker Howard Perry and Walston #1760546 Report a problem
        4/17/2010Price change$164,900-2.9%$194/sqft
        Source: KELLER WILLIAMS Realty North Raleigh #1711320 Report a problem
        3/31/2010Price change$169,900-5.6%$200/sqft
        Source: KELLER WILLIAMS Realty North Raleigh #1711320 Report a problem
        3/9/2010Listed for sale$179,900+799.5%$211/sqft
        Source: KELLER WILLIAMS Realty North Raleigh #1711320 Report a problem
        7/21/2004Sold$20,000$24/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,503 +0.4%$399,427
        2024$3,489 +20.6%$399,427 +51.6%
        2023$2,892 +7.6%$263,515
        2022$2,688 +4%$263,515
        2021$2,584 +1.8%$263,515
        2020$2,537 +33.2%$263,515 +62%
        2019$1,905 $162,681
        2018$1,905 +11.3%$162,681
        2017$1,712 +2.1%$162,681
        2016$1,677 +49.4%$162,681 +52.8%
        2015$1,122 +5.4%$106,467
        2014$1,065 $106,467
        2013-- $106,467
        2012-- $106,467
        2011-- $106,467
        2010-- $106,467
        2009-- $106,467
        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.
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: North Central

        Getting around

        45 / 100
        Car-Dependent
        39 / 100
        Some Transit
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Conn Elementary
        • Middle: Wake - Ligon 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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