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🔥 Raleigh, NC — Inside the Beltline. Single family home. 2 bed / 1 bath. 980 sq ft on a 10,454 sq ft double lot. As-is sold comps averaging $244,600 — priced at $189K. Same lot size as a comp pending at $300K right now. 🤝
💰 Asking: $189,000 | Comp Average: ~$244,600 | 🔥 Spread: ~$55,600
| Type | Single Family Residence |
| Bedrooms / Baths | 2 bed / 1 bath |
| Living Area | 980 sq ft |
| Year Built | 1935 |
| Lot Size | 0.24 acres (10,454 sq ft) |
| Zoning | Residential R-10 |
| Utilities | City Water & City Sewer |
| Occupancy at Closing | ✅ Vacant now! |
| Closing Date | May 27, 2026 |
| Closing Attorney | Atlas Orange |
Condition Notes
✅ Roof replaced within the last 10 years. ⚠️ HVAC age is unknown — buyers should factor potential replacement into their numbers. Property is being sold as-is with no repairs or inspections provided.
Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 305 N State St | 826 | $325,000 | $394/sq ft | Sold Sep 2025 — as-is, near downtown |
| 449 Parnell Dr | 961 | $299,900 | $312/sq ft | Pending — fully renovated 2020, same 10,454 sq ft lot |
| 204 S State St | 1,131 | $248,000 | $219/sq ft | Sold Jan 2026 — as-is |
| 829 Coleman St | 915 | $240,000 | $262/sq ft | Sold Jun 2025 — as-is |
| 741 Quarry St #20 | Vacant land | $220,000 | — | Sold Jul 2025 — land only, 5,227 sq ft lot. Our lot is 2x the size. |
| 1305 E Jones St | 1,144 | $220,000 | $192/sq ft | Sold Mar 2026 — as-is |
| 1512 E Jones St | 884 | $190,000 | $215/sq ft | Sold Jun 2025 — as-is |
| Comp Average (as-is sold) | ~980 | ~$244,600 | ~$256/sq ft | 5 sold comps |
| 🏷️ Our Price | 980 | $189,000 | $193/sq ft | |
| 💸 Your Spread | ~$55,600 |
449 Parnell Dr pending and 741 Quarry St (land only) excluded from as-is average — included for market context.
💡 The Play
At $193/sq ft you’re coming in below every as-is sold comp in this market, which ranged from $192 to $394/sq ft. The lot is the real story. This is a 10,454 sq ft R-10 lot inside the beltline — the same exact size as the fully renovated 2 bed / 1 bath around the corner pending at $299,900. The vacant land at 741 Quarry sold for $220K on a 5,227 sq ft lot. You’re buying twice the land plus a house for $189K. Renovate, flip, hold as a rental, or develop. Every option has legs in this location.
⚠️ 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.