Welcome to 8016 and 8012 Penny Road, Raleigh, NC—a one of a kind property offering exceptional potential for redevelopment or flexible living arrangements. Situated on two gently sloping lots totaling 3.5-acres, this listing includes two single-story homes ready for your imagination. The main home features a classic design with a walkout basement, offering ample space and functionality. Inside, you'll find a family room adorned with traditional paneling, complemented by formal living and dining rooms that provide a welcoming atmosphere for gatherings. The home includes three spacious bedrooms and two full bathrooms. The home also features a walkout basement with an office/bonus room and the laundry area. The second home on the property presents an excellent opportunity for rental income or extended family living. Its single-story layout ensures easy accessibility and comfort. The property also has a sturdy outbuilding. This property is ideally located offering a blend of rural tranquility and urban convenience. Whether you are looking to redevelop, invest, or find a spacious home with rental potential, 8016 and 8012 Penny Road provides a rare opportunity to meet your needs.
Sold for $755,000
$755,000
8016 Penny Rd, Raleigh, NC 27606
5beds
2,350sqft
Single Family Residence, Residential
Built in 1954
3.5 Acres Lot
$1,214,400 Zestimate®
$321/sqft
$2,733 Estimated rent
Home value
$1,214,400
$1.15M - $1.28M
$2,733/mo
Zestimate® history
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$2,733/mo
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$2,733/mo
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$4,450/mo
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$4,450/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Frank DeRonja 919-669-7993,
Corcoran DeRonja Real Estate,
Sara DuChon 919-745-7564,
Corcoran DeRonja Real Estate
Bought with:
Keith Bliss, 206741
LPT Realty, LLC
Source: Doorify MLS,MLS#: 10057333
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas Pack, Natural Gas
Cooling
- Central Air, Gas
Appliances
- Included: Cooktop, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Oven, Range Hood, Refrigerator
- Laundry: In Basement
Features
- Bathtub/Shower Combination, Laminate Counters
- Flooring: Carpet, Linoleum, Tile
- Doors: Sliding Doors, Storm Door(s)
- Basement: Block, Crawl Space, Daylight, Partial, Walk-Out Access
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,350
- Total interior livable area: 2,350 sqft
- Finished area above ground: 1,756
- Finished area below ground: 594
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Gravel, Off Street, Outside, Unpaved
- Uncovered spaces: 6
Accessibility
- Accessibility features: Accessible Approach with Ramp, Accessible Central Living Area
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch, Patio, Side Porch
- Exterior features: Private Yard, Storage
- Pool features: None
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 3.5 Acres
- Features: Back Yard, Many Trees
Details
- Additional structures: Outbuilding, Shed(s), Workshop
- Parcel number: # 0771706474 & 0771706578
- Zoning: R-40W
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Block, Brick, Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Septic Tank
- Water: Shared Well
- Utilities for property: Electricity Connected, Natural Gas Connected, Septic Connected, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: Swift Creek
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $120,000
- Annual tax amount: $4,694
- Date on market: 10/9/2024
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listing removed | $1,975,000$840/sqft |
Source:  Doorify MLS #10106520 Report a problem | ||
| 6/30/2025 | Listed for sale | $1,975,000+161.6%$840/sqft |
Source: Doorify MLS #10106520 Report a problem | ||
| 3/5/2025 | Sold | $755,000-4.4%$321/sqft |
Source: Doorify MLS #10057333 Report a problem | ||
| 10/18/2024 | Pending sale | $789,900$336/sqft |
Source: Doorify MLS #10057333 Report a problem | ||
| 10/9/2024 | Listed for sale | $789,900$336/sqft |
Source: Doorify MLS #10057333 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,916 +3% | $120,000 -73.5% |
| 2024 | $2,832 +24.2% | $452,739 +56.3% |
| 2023 | $2,279 +7.9% | $289,747 |
| 2022 | $2,113 +2.7% | $289,747 |
| 2021 | $2,056 +1.7% | $289,747 |
| 2020 | $2,022 -0.8% | $289,747 +17.2% |
| 2019 | $2,038 | $247,131 |
| 2018 | $2,038 +14.7% | $247,131 |
| 2017 | $1,777 +2.1% | $247,131 |
| 2016 | $1,741 -9.4% | $247,131 -9.8% |
| 2015 | $1,922 +5.5% | $273,875 |
| 2014 | $1,822 | $273,875 |
| 2013 | -- | $273,875 |
| 2012 | -- | $273,875 |
| 2011 | -- | $273,875 |
| 2010 | -- | $273,875 |
| 2009 | -- | $273,875 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Neighborhood: 27606
Nearby homes
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Nearby schools
GreatSchools rating
- 8/10Swift Creek ElementaryGrades: K-5Distance: 3 mi
- 7/10Dillard Drive MiddleGrades: 6-8Distance: 3.6 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 4.8 mi
Schools provided by the listing agent
- Elementary: Wake - Swift Creek
- Middle: Wake - Dillard
- High: Wake - Athens Dr
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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Estimated market value
$1,214,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,214,400
- North Carolina
- Wake County
- Raleigh
- 27606
- 8016 Penny Rd
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