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Overview
310 Angier Ave, Raleigh, NC — Inside the Beltline single family priced at $169K against sold as-is comps averaging ~$245K and a fully renovated neighbor just 1.4 miles away pending at $299,900 — on an identical 10,454 sq ft lot. At $172/sq ft you’re acquiring well below what renovated product commands in this submarket, where as-is sales have ranged $192–$393/sq ft. The lot alone adds a compelling angle: a land-only comp on a 5,227 sq ft lot sold for $220,000 in Jul 2025 — your subject sits on twice that acreage. Vacant and accessible now, no occupancy delays.
Comp Avg (Sold): ~$245,000 | For Sale Avg: ~$270,000
Rent Avg: ~$1,500/mo | Gross Yield at Ask: ~11%
Details
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
Closing Date: May 27, 2026
Closing Attorney: Atlas Orange
Condition
- Roof: Within the last 10 years
- HVAC: Age unknown — buyer to verify
Comparable Sales
1305 E Jones St — 1,144 sq ft — $220,000 ($192/sq ft) — Sold Mar 2026, as-is
1512 E Jones St — 884 sq ft — $190,000 ($215/sq ft) — Sold Jun 2025, as-is
829 Coleman St — 915 sq ft — $240,000 ($262/sq ft) — Sold Jun 2025, as-is
204 S State St — 1,131 sq ft — $248,000 ($219/sq ft) — Sold Jan 2026, as-is
305 N State St — 826 sq ft — $325,000 ($393/sq ft) — Sold Sep 2025
741 Quarry St #20 — Land only, 5,227 sq ft — $220,000 — Sold Jul 2025 (subject lot is 10,454 sq ft — double the size)
Pending reference: 449 Parnell Dr — 961 sq ft — $299,900 — Fully renovated, pending Apr 2026. Same zip, same 10,454 sq ft lot as subject.
Comp Average: ~$245,000 (~$256/sq ft)
Our Price: $169,000 ($172/sq ft)
Your Spread: ~$76,000
At $172/sq ft you’re buying an Inside the Beltline 1935 bungalow on a 10,454 sq ft lot for $76K below the as-is comp average. The renovation ceiling is clear — Parnell Dr, identical footprint, identical lot, pending at $299,900 after a full renovation. Factor HVAC replacement and cosmetic updates into your budget; the margin to $300K is still substantial. The lot itself adds a development optionality angle that most deals at this price don’t offer — a comparable half-sized lot sold for $220K in downtown Raleigh just 10 months ago.
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 and 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
- $495 transaction fee payable to Bright Home Offer LLC
- 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 and 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.