5101 Memory Ln

Raleigh, NC 27609

$475,000
Last Sold Price
—
Beds
—
Baths
1,348 Sq. Ft.
$352 / Sq. Ft.
1,348
Sq. Ft.
$352
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 3/30/24
Closed 3/30/24
Photo 1
Photo 2
Photo 3

Description

Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Property is vacant, 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...Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Property is vacant, 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 5105 Memory Rd as a simuataneous closing/transaction--seeMLS-2532285 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
LISTING CLOSED: 03/30/2024 10:04 AM

Property Details for 5101 Memory Lane

StatusClosed
MLS #2533738
Taxes$2,180 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1958
Lot Size0.41 AC / 17,859 SF
CountyWake County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Market-One Realty, LLC

Sold By Property Specific, LLC

Add your commute

Building Information for 5101 Memory Lane

Stories-Residences-Year Built1958Lot Size0.41 AC / 17,859 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$2,596 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,414

Property Taxes

$182

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 5101 Memory Lane

Summary
Location and General Information
  • Zoning: OX-3
  • Directions: North on Falls of Neuse Rd TR on Millbrook TR on Memory
  • Latitude: 35.849
  • Longitude: -78.612243
  • Road Surface Type: Paved
Taxes and HOA Information
  • Tax Annual Amount: $2,180.00
  • Cross Street: Falls of Neuse Rd an
  • Lot Number: 4
Contract Information
  • Original MLS: Triangle MLS Inc
  • Due Diligence Expiration Date: 2024-02-28
Property
Lot Information
  • Building Area Total: 1348.0
  • Lot Features: Level
  • Lot Size Dimensions: 100 x 175 x 100 x 179
  • Available Acres: 0.41
  • List PriceAcre: 1341463.41
  • Road Frontage Length: 100
  • Sold PriceAcre: 1158536.59
  • Sold PriceList Price: 0.86
Property and Assessments
  • New Construction: No
  • Photos Count: 3
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Septic Tank
  • Water_Sewer: Septic Tank
Interior and Exterior Features
Exterior Features
  • Pool Private: No
Interior Features
  • Cooling?: Yes
  • Heating?: Yes
Agent
Sale and Listing
  • Property Type: Commercial Sale
  • Property Class Name: CrossProperty

Property History for 5101 Memory Lane

DateEvent & SourcePriceAppreciation
Mar 30, 2024

Sold

TRIANGLEMLS #2533738

—
Mar 30, 2024

Pending

TRIANGLEMLS #2533738

—
Mar 28, 2024

Sold

TRIANGLEMLS #2533738

$475,000—
DateEvent & SourcePrice
03/30/2024

Sold

TRIANGLEMLS #2533738

—
03/30/2024

Pending

TRIANGLEMLS #2533738

—
03/28/2024

Sold

TRIANGLEMLS #2533738

$475,000

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

Schools near 5101 Memory Lane

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

Nearby off-market homes

AddressSold priceBedsBathsSqftLot AC
5105 Memory Lane, Raleigh, NC 27609
$475,000
3
1,449
0.46
5017 Memory Road, Raleigh, NC 27609
$1,750,000
–
2
6,572
0.48
1212 Cedarhurst Drive, Raleigh, NC 27609
$5,870,000
–
–
17,312
1.95
5013 Memory Road, Raleigh, NC 27609
$550,000
–
–
–
0.81
1418 East Millbrook Road, Raleigh, NC 27609
$1,538,000
–
–
6,540
0.71

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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.