2520 Little John Rd, Raleigh, NC 27610 🔥 Southeast Raleigh inside the beltline. Brick ranch. 1,350 sq ft. Sold comps averaging ~$318K — priced at $209K. That’s over $100K below market and $155/sq ft while comps are trading near $276/sq ft. 🤝
📸 FULL PHOTO ALBUM HERE
💰 Asking: $209,000 | Comp Average: ~$318,000 | 🔥 Spread: ~$109,000
| Type | Single Family Residence |
| Living Area | 1,350 sq ft |
| Specs | 3 beds 1.5 baths |
| Year Built | 1969. Lot Size: 0.25 acres |
| Occupancy at Closing | ✅ Will be vacant at closing |
| Walkthrough Dates | Offer required to schedule |
| Closing Date | April 3, 2025 |
| Closing Attorney | Taylor Law Firm |
Condition Notes
⚠️ Roof is approximately 17 years old and likely at or near end of useful life — budget for replacement.
⚠️ HVAC is 10–15 years old and may need replacement in the near term.
⚠️ Plumbing is original to the home — factor in possible updates during rehab.
⚠️ Electrical is 3-wire, which lacks grounding — in good condition per seller but will need evaluation for any major renovation scope.
✅ Foundation is solid brick and in good shape.
⚠️ Interior is in fair condition overall and will need a full cosmetic rehab. Windows, driveway, water heater, appliances, and exterior condition details are TBD — buyers should verify during walkthrough.
Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 706 Friar Tuck Rd | 1,262 | $347,500 | $275/sq ft | Sold Apr 2024 — 3 bed / 2 ba |
| 2513 Little John Rd | 1,265 | $314,900 | $249/sq ft | Sold Mar 2025 — 3 bed / 2 ba, fully remodeled |
| 714 Friar Tuck Rd | 1,000 | $310,000 | $310/sq ft | Sold Oct 2024 — 3 bed / 1 ba, fully renovated |
| 804 Peyton St | 1,107 | $299,000 | $270/sq ft | Sold Jul 2025 — 3 bed / 1.5 ba [Unverified] |
| Comp Average (sold) | ~1,159 | ~$318,000 | ~$276/sq ft | |
| 🏷️ Our Price | 1,350 | $209,000 | $155/sq ft | |
| 💸 Your Spread | ~$109,000 |
804 Peyton St sale could not be independently verified at time of listing. Comps at 2513 Little John Rd and 706 Friar Tuck Rd were fully remodeled at time of sale.
💡 Value Callout
This one checks every box for a flip inside the beltline. The subject sits at $155/sq ft while sold comps are averaging around $276/sq ft — a $121/sq ft gap that gives a well-executed renovation significant room to run. The closest comparable, 2513 Little John Rd directly on the same street, closed at $314,900 in March 2025 as a fully remodeled 3/2. The subject at 1,350 sq ft is the largest home in the comp set, which works in your favor on ARV. Quick-selling neighborhood with consistent buyer demand inside the beltline and easy access to downtown Raleigh.
⚠️ DISCLAIMER — Please Read Before Submitting an Offer
📋 Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.