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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1420 Park Dr , Raleigh, NC 27605
$775,000
Est. Payment: $1,722.22/mo
3 Bed
2 Bath
1355 Sqft
Status: Active | Days on site: 14
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2213 - R71630
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House Description

Located in one of Raleigh's most desirable Inside-the-Beltline locations, 1420 Park Drive offers a unique opportunity for renovation, investment, or potential redevelopment. The existing brick home, built in 1938, provides a starting point for those looking to reimagine a property in an established neighborhood convenient to Downtown Raleigh, the Village District, NC State, Glenwood South, and nearby parks, dining, shopping, and schools. Beyond the main living area, the property offers valuable additional space with an unfinished basement and unfinished storage areas, providing flexibility for renovation, storage, workshop space, or other potential uses. Whether restoring and updating the existing home or exploring a larger redevelopment vision, the property's location and surrounding neighborhood make this an opportunity worth considering. Property is being offered with renovation and redevelopment potential in mind. Buyers are encouraged to consult with the City of Raleigh Planning and Development Department and review the applicable Unified Development Ordinance (UDO), zoning, historic district requirements, setbacks, and other regulations to independently determine what renovations, additions, redevelopment, or other uses may be permitted. Due to estate settlement purposes closing will likely need to occur in early to mid December.

Highlights

Listed by Derek Pruitt , 919-270-4034 Dallas Pearce Realty , 919-404-1405.

Property Type

Residential

Lot/Acreage
0.19

Year Built

1938

County

Wake

Neighborhood

Forest Park

Listing ID

10190232

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Air Cond:Heat Pump
Fireplaces:
Floor:Hardwood,Tile,Vinyl
Above Ground Sq Ft:1355
Below Ground Sq Ft:0
Basement:Unfinished
Water:Public

Exterior Features

Zoning:R-6
Roof:Shingle
Sewer:Public Sewer
Principal Interest
$1,722
Taxes
$530

Home Price

$775,000

Loan Details

30 yrs
%

Down Payment

20%
$155,000
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Monthly Price:
$1,722.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,722.22 $530.28 $0.00 $2,252.50
Yearly $20,666.67 $6,363.34 $0.00 $27,030.01
Total $620,000.00 $190,900.20 $0.00 $810,900.20

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Raleigh, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.