Last Sold Price
171,626 Lot Size3.94 Acres
7901 Penny Rd, Raleigh, NC 27606

Description

Rare Opportunity for a True Estate Homesite in Wake County. Convenient to Downtown Raleigh and Located in the Swift Creek Watershed, this 3.94 acre Tract Features a Beautiful Pond and is perfect for an Executive Estate.. The Location Ensures Protection from Dense Development due to Watershed. There is an Existing Septic System and Well in Place. The Existing Home is currently Occupied but Conveys at No Value.Rare Opportunity for a True Estate Homesite in Wake County. Convenient to Downtown Raleigh and Located in the Swift Creek Watershed, this 3.94 acre Tract Features a Beautiful Pond and is perfect for an Executive Estate.. The Location Ensures Protection from Dense Development due to Watershed. There is an Existing Septic System and Well in Place. The Existing Home is currently Occupied but Conveys at No Value.
LISTING CLOSED: 06/10/2024 12:00 AM

  1. Listed by Doug Jacobs • Coldwell Banker Advantage

Property Details for 7901 Penny Road

Status
MLS #
2531670
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Unimproved Land
Year Built
-
Lot Size
3.94 AC
View
Yes
Subdivision
Not in a Subdivision

Recent comparable sales

Median sold price

$450,000

Avg days on market

63

Sale-to-list ratio

86.4%

Raleigh, NC

9 comparable properties found

a bird view of building
1/8
1

$1,380,000

Sold 11/14/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
11.07
Acres
$485,000 | 0 Delta Bluff Lane, Raleigh, NC 27606
1/8
2

$485,000

Sold 01/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
6.23
Acres
$400,000 | 2124 Sunset Creek Lane, Raleigh, NC 27606
1/5
3

$400,000

Sold 02/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.76
Acres
a view of painting on the wall
1/9
4

$406,000

Sold 04/17/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
4.37
Acres
$450,000 | 2210 Spring Forest Road, Raleigh, NC 27615
1/5
5

$450,000

Sold 10/21/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.56
Acres
6

$485,000

Sold 01/08/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.4
Acres
a black and white photo of a small park
1/11
7

$228,960

Sold 04/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1
Acres
$785,000 | 8833 Ransdell Road, Raleigh, NC 27603
1/6
8

$785,000

Sold 09/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
8.48
Acres
$77,800 | 5505 Old Spring Drive, Raleigh, NC 27606
1/4
9

$77,800

Sold 06/11/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.4
Acres

Location

Listing Courtesy of Coldwell Banker Advantage

Sold By Keller Williams Realty Cary

Add your commute

Building Information for 7901 Penny Road

Lot Size3.94 AC

Payment Calculator

$2,555 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,287

Property Taxes

$268

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 7901 Penny Road

Summary
Location and General Information
  • Directions: Penny Rd East from Lake Wheeler Rd. After Crossing over the Lake the Property is on the Left just past Graham Newton Rd.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.700335
  • Longitude: -78.738472
  • Road Surface Type: Paved
Taxes and HOA Information
  • City Limits YN: No
  • Lot Number: 0
  • Restrictive Covenants YN: No
Contract Information
  • Original Listing ID: 2531670
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Due Diligence Expiration Date: 2024-05-09
School Information
  • Elementary School: Wake - Swift Creek
  • Middle Or Junior School: Wake - Dillard
  • High School: Wake - Athens Dr
Property
Lot Information
  • Lot Features: Level
  • Vegetation: Wooded Description: Hardwoods
  • Sold PriceList Price: 0.87
Property and Assessments
  • Photos Count: 9
  • Below Grade Finished Area Units: Square Feet
  • Current Use: Vacant
Utilities
  • Sewer: Other
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Water Source: Well
  • Water_Sewer: Well, Other, Cable Available, Electricity Available, Natural Gas Available, Phone Available
Interior and Exterior Features
Exterior Features
  • Pool Private: No
Interior Features
  • Interior: Cable Available, Electricity Available, Natural Gas Available, Phone Available
Agent
Sale and Listing
  • Property Type: Land
  • Property Class Name: CrossProperty

Property History for 7901 Penny Road

DateEvent & SourcePriceAppreciation
Jun 10, 2024

Sold

TRIANGLEMLS #2531670

$450,000
Jun 5, 2024

Sold (Public Record)

Public Record #1534139744

$450,000
Feb 11, 2024

Pending

TRIANGLEMLS #2531670

DateEvent & SourcePrice
06/10/2024

Sold

TRIANGLEMLS #2531670

$450,000
06/05/2024

Sold (Public Record)

Public Record #1534139744

$450,000
02/11/2024

Pending

TRIANGLEMLS #2531670

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

Public Records for 7901 Penny Road

Taxable ValueLand$344,532Additions$155,152Total$499,684
Tax Record2025$3,216 ($268 / month)
Home Facts
Beds0Baths1.5Total Finished SqFt1,521 SqFtAbove Grade Finished SqFt1,521 SqFtStories1Lot Size172,933 SqFtStyleSingle Family ResidenceYear Built1959ZoningR-40WCountyWAKEAPN0770.02-79-6933 0037454Fireplace TypeHas Fireplace

Schools near 7901 Penny Road

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Swift Creek Elementary
PublicK to 5

Dillard Drive Middle
Public6 to 8

Athens Drive High
Public9 to 12

SCORE Academy
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

New listings in 27606

$476,000 | 5009 Stockton Drive, Raleigh, NC 27606
1/36
New

$476,000

3
Bedrooms
1,681
Square Feet
0.51
Acres
$350,000 | 3820 Amelia Park Drive, Raleigh, NC 27606
1/42

$350,000

2
Bedrooms
1,581
Square Feet
0.03
Acres
$644,900 | 724 1/2 Powell Drive, Raleigh, NC 27606
1/26
Open: 8/29 02:00PM - 04:00PM

$644,900

3
Bedrooms
1,792
Square Feet
0.1
Acres
$299,000 | 1636 Claiborne Court, Raleigh, NC 27606
1/5
Coming Soon

$299,000

2
Bedrooms
1,252
Square Feet
0.03
Acres
$649,900 | 726 Powell Drive, Raleigh, NC 27606
1/26
Open: 8/29 02:00PM - 04:00PM

$649,900

3
Bedrooms
1,792
Square Feet
0.11
Acres
$664,900 | 728 1/2 Powell Drive, Raleigh, NC 27606
1/25
Open: 8/29 02:00PM - 04:00PM

$664,900

3
Bedrooms
1,792
Square Feet
0.11
Acres
$675,000 | 2700 Misty Glen Trail, Raleigh, NC 27606
1/33

$675,000

3
Bedrooms
4,423
Square Feet
1
Acres
$657,000 | 5516 Den Heider Way, Raleigh, NC 27606
1/26
Open: 8/29 01:00PM - 03:00PM

$657,000

3
Bedrooms
2,496
Square Feet
1.2
Acres
$229,900 | 669 Bashford Road, Raleigh, NC 27606
1/20

$229,900

2
Bedrooms
1,148
Square Feet
0.04
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7901 Penny Road, Raleigh, NC 27606
$450,000
171,626
9,583
2,614
3
3,039
40,075
$1,380,000
482,209
$784,000
4
3,793
49,222

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 Coldwell Banker Advantage

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.