518 Dixie Trail

Closed 4/19/24

Sold

Last Sold Price

$1,050,000

3 beds2 baths1,907 sqft

518 Dixie Trail, Raleigh, NC 27607

Single FamilyProperty Type

0.6 acresLot Size

1939Year Built

$551/sq ftPrice per sq ft

2 carsParking Spaces

Description

This property offers a unique opportunity where you can buy a home and have a buildable lot subdivided for another homesite. Currently the property is double fronted on an adjacent street offering the possibility of subdividing a lot on that street. The City of Raleigh has confirmed that this is possible but would need to be approved by survey via the city. Also it could be a great site for complete redevelopment for new residential homes. .60 Acre lot with large back yard that wraps around the house...This property offers a unique opportunity where you can buy a home and have a buildable lot subdivided for another homesite. Currently the property is double fronted on an adjacent street offering the possibility of subdividing a lot on that street. The City of Raleigh has confirmed that this is possible but would need to be approved by survey via the city. Also it could be a great site for complete redevelopment for new residential homes. .60 Acre lot with large back yard that wraps around the house next door. Great opportunity to reside inside the beltline of Raleigh. University Park is a great walkable neighborhood, with Cameron Village only about a mile away.

Listing closed: 04/19/2024 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10009692

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Location

Listing Courtesy of Coldwell Banker HPW

Sold By Huntley Realty

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$6,024 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,605

Property Taxes

$418

HOA Dues

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Property Information for 518 Dixie Trail

Property Details

Taxes: $5,021 / year
MLS Type: Residential / Single Family Residence
County: Wake County
View: Neighborhood
Zoning Description: R-6
Subdivision: University Park

Building Information

Year Built: 1939
Lot Size: 0.60 AC / 26,136 SF

Summary

Location and General Information

Zoning: R-6
Direction Faces: West

Directions: From I-440 take Wade Avenue Exit to the East. Turn Right on Dixie Trail, Property will be on the left.
Subdivision Name: University Park
Latitude: 35.797259
Longitude: -78.676064
Road Frontage Type: City Street
Road Surface Type: Asphalt
Neighborhood: University Park

Taxes and HOA Information

Association: No
Tax Annual Amount: $5,020.92

City Limits Of: Raleigh
Has City Limits: Yes
Lot Number: 1A&3B
Has Restrictive Covenants: No
School District Link: https://www.wcpss.net/wcpss

Contract Information

Original MLS: Triangle MLS Inc
Has Property Leased: No

Due Diligence Expiration Date: 2024-03-25

School Information

Elementary School: Wake - Olds Elementary
Middle Or Junior School: Wake - Martin Middle

High School: Wake - Needham Broughton High

Parking

Open Parking Spaces: 1.0
Open Parking: Yes

Parking Features: Attached, Basement, Garage Faces Rear, Garage, Paved, Parking Pad
Attached Garage: Yes
Garage Spaces: 1.0
Garage: Yes

Property

Lot Information

Building Area Total: 1907.0
Lot Features: Back Yard, Front Yard, Near Public Transit

Architectural Style: Cottage
Detached Living Area Sq Ft: 0.0
Total Other Area Sq Ft: 1022.0
Parcel Number: 0052102
Structure Type: House
Enhanced Accessible: No
Has Main Level Bedrooms: Yes
Has Power Production: No
Has Primary Residence: Yes
Sold PriceList Price: 0.78

Property and Assessments

New Construction: No
Above Grade Finished Area Source: Other

Below Grade Finished Area Source: Other
Community Features: Street Lights, Sidewalks
Year Built Effective: 1979
Senior Community: No
Property Condition: Fixer

Utilities

Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected

Water Source: Public

Interior and Exterior Features

Exterior Features

Construction Materials: Brick
Exterior Features: Rain Gutters

Fencing: Back Yard, Chain Link, Partial
Patio And Porch Features: Deck, Patio
Roof: Shingle
New Construction Type: House, Brick

Interior Features

Levels: One and One Half
Main Level Bathrooms: 1

Master Bedroom 1st Floor: Yes
Basement Description: Crawl Space, Partial, Unfinished
Fireplace Features: Living Room, Masonry, See Remarks
Has Fireplace: Yes
Fireplaces Total: 1
Flooring: Hardwood
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Laundry Features: In Basement, Electric Dryer Hookup, Washer Hookup
Interior Features: Ceiling Fan(s), Laminate Counters, Primary Downstairs, Storage, Bathtub/Shower Combination
Spa: No

Room Information

Room 1

Type: Living Room
Level: Main

Length: 22.5
Width: 15.25

Room 2

Type: Dining Room
Level: Main

Length: 12.75
Width: 12.67

Room 3

Type: Kitchen
Level: Main

Length: 12.67
Width: 9.25

Room 4

Type: Primary Bedroom
Level: Main

Length: 14.25
Width: 13.25

Room 5

Type: Bedroom 2
Level: Main

Length: 13.25
Width: 11.08

Room 6

Type: Primary Bathroom
Level: Main

Length: 9.5
Width: 7.75

Room 7

Type: Entrance Hall
Level: Main

Length: 8.5
Width: 3.9

Room 8

Type: Bedroom 3
Level: Second

Length: 14.17
Width: 11.33

Room 9

Type: Den
Level: Second

Length: 20.42
Width: 13.58

Room 10

Type: Bathroom 2
Level: Second

Length: 7.83
Width: 4.83

Room 11

Type: Laundry
Level: Basement

Length: 15.25
Width: 9.42

Room 12

Type: Other
Level: Basement

Length: 14.0
Width: 6.58

Room 13

Type: Other
Level: Basement

Length: 14.0
Width: 8.42

Room 14

Type: Other
Level: Basement

Length: 21.25
Width: 15.9

Property History for 518 Dixie Trail

Date	Event & Source	Price	Appreciation
Apr 19, 2024	Sold Doorify MLS (fka Triangle MLS) #10009692	$1,050,000	—
Apr 16, 2024	Sold (Public Record) Public Record #1531364573	$1,050,000	—
Mar 11, 2024	Pending Doorify MLS (fka Triangle MLS) #10009692		—
Feb 3, 2024	Listed (Active) Doorify MLS (fka Triangle MLS) #10009692	$1,450,000	—

Date	Event & Source	Price
04/19/2024	Sold Doorify MLS (fka Triangle MLS) #10009692	$1,050,000
04/16/2024	Sold (Public Record) Public Record #1531364573	$1,050,000
03/11/2024	Pending Doorify MLS (fka Triangle MLS) #10009692	—
02/03/2024	Listed (Active) Doorify MLS (fka Triangle MLS) #10009692	$1,450,000

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

Public records

518 Dixie Trail

Beds

Baths

Total Finished SqFt

2,206 SqFt

Above Grade Finished SqFt

2,206 SqFt

Stories

Lot Size

26,136 SqFt

Schools near 518 Dixie Trail

This home is within Wake County School District.


Rating	School	Type	Grades	Distance
6/10	Olds Elementary	Public - Serves this home	PK to 5	0.3 mi
7/10	Martin Middle	Public - Serves this home	6 to 8	1.2 mi
7/10	Needham Broughton High	Public - Serves this home	9 to 12	1.4 mi
9/10	Wake Young Women's Leadership Academy	Public - Nearby school	6 to 13	1.6 mi
6/10	Mount Vernon	Public - Choice school	K to 8	2.5 mi
10/10	Wake Young Men's Leadership Academy	Public - Nearby school	6 to 13	2.9 mi
NR	Follow the Child Montessori School	Private - Nearby school	PK to 6	0.8 mi
NR	Vital Link Private School	Private - Nearby school	K to 3	0.8 mi
NR	An-Noor School	Private - Nearby school	3 to 8	1.0 mi


Rating	School	Distance
6/10	Olds Elementary PublicPK to 5 Serves this home	0.3 mi
7/10	Martin Middle Public6 to 8 Serves this home	1.2 mi
7/10	Needham Broughton High Public9 to 12 Serves this home	1.4 mi
9/10	Wake Young Women's Leadership Academy Public6 to 13 Nearby school	1.6 mi
6/10	Mount Vernon PublicK to 8 Choice school	2.5 mi
10/10	Wake Young Men's Leadership Academy Public6 to 13 Nearby school	2.9 mi
NR	Follow the Child Montessori School PrivatePK to 6 Nearby school	0.8 mi
NR	Vital Link Private School PrivateK to 3 Nearby school	0.8 mi
NR	An-Noor School Private3 to 8 Nearby school	1.0 mi

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.

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Listing Courtesy of Coldwell Banker HPW

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