5105 Memory Ln

Raleigh, NC 27609

$475,000
Last Sold Price
3
Beds
1,449 Sq. Ft.
$328 / Sq. Ft.
1,449
Sq. Ft.
$328
per Sq. Ft.

Description

Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Though the property is currently being lived in, it is a tear down where the underlying lot has multiple options for development including single family residential, multi-family, townhomes, apartments, Quadplex, duplex and a Office than can be 3 stories high. There are billions of dollars being invested in Midtown including tens of millions of dollars being invested in very close nearby properties. Also--Significant up-rezonings...Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Though the property is currently being lived in, it is a tear down where the underlying lot has multiple options for development including single family residential, multi-family, townhomes, apartments, Quadplex, duplex and a Office than can be 3 stories high. There are billions of dollars being invested in Midtown including tens of millions of dollars being invested in very close nearby properties. Also--Significant up-rezonings in the process in the nearby area. This property must be purchase with the adjacent property 5101 Memory Rd as a simuataneous closing/transaction--seeMLS#2532283 Properties Being Sold As Is. Property listed for it's land value--agent has not been inside properties therefore there may be discepancies to the details listed in MLS.
  1. Listed by Philip Layton • Market-One Realty, LLC

Property Details for 5105 Memory Lane

View
Yes
Subdivision
Not in a Subdivision
HOA Fees
$.00
Association Fee2
$.00

Location

Listing Courtesy of Market-One Realty, LLC

Sold By Property Specific, LLC

Add your commute
LISTING UPDATED: 02/26/2025 03:29 PM

Property Details for 5105 Memory Lane

StatusClosed
MLS #2532285
Days on Market97
Taxes$2,323 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1957
Lot Size0.46 AC / 20,037 SF
CountyWake County

Building Information for 5105 Memory Lane

Stories-Year Built1957Building Size-Lot Size0.46 AC / 20,037 SF

Payment Calculator

$2,682 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,489

Property Taxes

$194

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5105 Memory Lane

Summary
Location and General Information
  • Zoning: OX3
  • Directions: North on Falls of Neuse Rd Right on Millbrook Right on Memory
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.849329
  • Longitude: -78.612208
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $2,323.00
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 3
  • Restrictive Covenants YN: No
Contract Information
  • Original Listing ID: 2532285
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
  • Due Diligence Expiration Date: 2024-02-28
School Information
  • Elementary School: Wake - Millbrook
  • Middle Or Junior School: Wake - East Millbrook
  • High School: Wake - Millbrook
Parking
  • Parking Features: Concrete, Driveway
  • Carport: No
  • Attached Garage: No
  • Garage Spaces: 0.0
  • Garage: No
Property
Lot Information
  • Building Area Total: 1449.0
  • Lot Size Dimensions: 116 x 135 x 34 x 130 x 169
  • Architectural Style: Craftsman
  • Other Area Above Grade: 0
  • Other Area Below Grade: 0
  • Total Other Area Sq Ft: 0
  • Structure Type: Site Built
  • Primary Residence YN: No
  • Sold PriceList Price: 0.86
Property and Assessments
  • New Construction: No
  • Photos Count: 3
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Senior Community: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Pool Private: No
  • New Construction Type: Brick, Site Built
Interior Features
  • Levels: One
  • Fireplace Y N: Yes
  • Fireplaces Total: 1
  • Flooring: Vinyl
  • Cooling: None
  • Cooling?: No
  • Heating: None
  • Heating?: No
  • Interior: Concrete, Driveway, Brick
  • Equipment: Concrete, Driveway
Room Information
Room Information
  • Rooms Total: 5.0
Room 1
  • Room Level: Main
  • Room Type: Primary Bedroom
Agent
Sale and Listing
  • Property Class Name: CrossProperty

Property History for 5105 Memory Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5105 Memory Lane

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Millbrook Elementary School
PublicPK to 5

East Millbrook Middle
Public6 to 8

Millbrook High
Public9 to 12

Phillips High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Market-One Realty, LLC

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.