931 Cotton Pl

Raleigh, NC 27601

$267,500
Last Sold Price
3,049 / 0.07
Lot Size / Acres
Get preapproved with Rocket Mortgage1
Closed 5/8/24
Closed 5/8/24
aerial view of a house with a garden
a bathroom with a shower
a view of a floor plan
unknown

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
  1. Listed by Matt Spitzer • Rich Realty Group
  2. Listed by David MANG • Rich Realty Group

Property Details for 931 Cotton Place

View
Yes
Subdivision
Not in a Subdivision
LISTING CLOSED: 05/08/2024 02:57 PM

Property Details for 931 Cotton Place

StatusClosed
MLS #10004333
Taxes$682 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size0.07 AC
CountyWake County
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Location

Listing Courtesy of Rich Realty Group

Sold By Monarch Realty Co.

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Building Information for 931 Cotton Place

Lot Size0.07 AC

Payment Calculator

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$1,417 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,360

Property Taxes

$57

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 931 Cotton Place

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
  • Lot Number: 0
  • Restrictive Covenants YN: No
Contract Information
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Due Diligence Expiration Date: 2024-04-01
School Information
  • Elementary School: Wake - Root
  • Middle Or Junior School: Wake - Ligon
  • High School: Wake - Broughton
Property
Lot Information
  • Lot Features: Paved
  • Lot Size Dimensions: 50 x 62
  • List PriceAcre: 3784285.71
  • Sold PriceAcre: 3821428.57
  • Sold PriceList Price: 1.01
Property and Assessments
  • Photos Count: 4
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer
Interior and Exterior Features
Exterior Features
  • Pool Private: No
Agent
Sale and Listing
  • Property Type: Land
  • Property Class Name: CrossProperty

Property History for 931 Cotton Place

DateEvent & SourcePriceAppreciation
May 8, 2024

Sold

TRIANGLEMLS #10004333

—
May 8, 2024

Pending

TRIANGLEMLS #10004333

—
May 2, 2024

Sold

TRIANGLEMLS #10004333

$267,500—
DateEvent & SourcePrice
05/08/2024

Sold

TRIANGLEMLS #10004333

—
05/08/2024

Pending

TRIANGLEMLS #10004333

—
05/02/2024

Sold

TRIANGLEMLS #10004333

$267,500

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
Root Elementary School
Public - PK to 5
Ligon Middle
Public - 6 to 8
Needham Broughton High
Public - 9 to 12
Wake Young Men's Leadership Academy
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)
831 Cotton Place, Raleigh, NC 27601
–
–
–
–
3,049
829 Cotton Place, Raleigh, NC 27601
$743,500
–
1
–
3,049
14 South State Street, Raleigh, NC 27601
$100,000
–
1.5
–
5,227
827 Cotton Place, Raleigh, NC 27601
–
–
2
1,170
5,663
110 South State Street, Raleigh, NC 27601
–
–
–
4,652
16,117

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 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.