Sold
Last Sold Price
3,049 Lot Size0.07 Acres
931 Cotton Pl, Raleigh, NC 27601
LandProperty Type
3,049 sq ftLot Size

Description

Rare opportunity for a extremely developable lot. It has OX-3 zoning and is in both the Frequent Transit Area and the Bus Rapid Transit (BRT) Area. We have laid out a couple development options in both the photos section as well as the docs section. Each lot (829 Cotton and 931 Cotton) can have 2 units for a total of 4units. The first option is to develop as the lot line currently sits and the second option is to recombine the lots and move the lot line so that you can build 4 identical units. Can...Rare opportunity for a extremely developable lot. It has OX-3 zoning and is in both the Frequent Transit Area and the Bus Rapid Transit (BRT) Area. We have laid out a couple development options in both the photos section as well as the docs section. Each lot (829 Cotton and 931 Cotton) can have 2 units for a total of 4units. The first option is to develop as the lot line currently sits and the second option is to recombine the lots and move the lot line so that you can build 4 identical units. Can be sold separately or together with 829 Cotton Place. The City of Raleigh proposed rezoning to OX-5. The link below takes you to the proposed rezoning. https://ral.maps.arcgis.com/apps/instant/lookup/index.html? appid=5a0da17620d24057a85c283546e17837

Call Matt Spitzer @ 919.602.7480 with questions
  • Listed by: Matt Spitzer 919.602.7480 matt@richrealtygroup.com Brokerage DRE #C17633 • Rich Realty Group
  • Listed by: David Mang 919.757.3652 mang@richrealtygroup.com Brokerage DRE #C17633 • Rich Realty Group
Listing closed: 05/02/2024 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10004333

Recent comparable sales

Median sold price

$245,000

Avg days on market

79

Sale-to-list ratio

83.8%

Raleigh, NC

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Location

Listing Courtesy of Rich Realty Group

Sold By Monarch Realty Co.

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$1,417 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,360

Property Taxes

$57

HOA Dues

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Property Information for 931 Cotton Place

Property Details
  • Taxes: $682 / year
  • MLS Type: Land / Unimproved Land
  • County: Wake County
  • Subdivision: Not in a Subdivision
Building Information
  • Lot Size: 0.07 AC
Summary
Location and General Information
  • Directions: From downtown, head east on New Bern Ave, turn right on South State St. Property will be on the right on the corner of S. State St and Cotton Place.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.77897
  • Longitude: -78.623737
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
Taxes and HOA Information
  • Tax Annual Amount: $682.00
  • Has Restrictive Covenants: No
Contract Information
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: No
  • Due Diligence Expiration Date: 2024-04-01
School Information
  • Elementary School: Wake - Root Elementary
  • Middle Or Junior School: Wake - Ligon Middle
  • High School: Wake - Needham Broughton High
Property
Lot Information
  • Lot Features: Paved
  • Lot Size Dimensions: 50x62
  • List PriceAcre: 3784285.71
  • Sold PriceAcre: 3821428.57
  • Sold PriceList Price: 1.01
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Property History for 931 Cotton Place

DateEvent & SourcePriceAppreciation
May 2, 2024

Sold

Doorify MLS (fka Triangle MLS) #10004333

$267,500
Feb 9, 2024

Pending

Doorify MLS (fka Triangle MLS) #10004333

Jan 4, 2024

Listed (Active)

Doorify MLS (fka Triangle MLS) #10004333

$264,900
DateEvent & SourcePrice
05/02/2024

Sold

Doorify MLS (fka Triangle MLS) #10004333

$267,500
02/09/2024

Pending

Doorify MLS (fka Triangle MLS) #10004333

01/04/2024

Listed (Active)

Doorify MLS (fka Triangle MLS) #10004333

$264,900

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

Public Records for 931 Cotton Place

Taxable ValueLand$109,764Additions$2,520Total$112,284
Tax Record2024$975 ($81 / month)
Home Facts
Lot Size3,049 SqFtStyleMiscellaneous AgriculturalZoningOX-3CountyWAKEAPN1713.05-18-5695 0021835

Schools near 931 Cotton Place

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 - 6 to 13
Rating
School
Distance
Root Elementary School
PublicPK to 5

Ligon Middle
Public6 to 8

Needham Broughton High
Public9 to 12

Wake Young Men's Leadership Academy
Public6 to 13

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 931 Cotton Place, Raleigh, NC 27601
$267,500
3,049
3,049
$743,500
1
3,049
$100,000
1.5
5,227
2
1,170
5,663
4,652
16,117

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 Rich Realty Group

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.