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4208 Woodlawn Dr, Raleigh, NC 27616
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,344 sq ft
Year Built: 1960
Lot Size: 0.56 acres / 24,394 sq ft
Utilities: City Water & Sewer
Occupancy at Closing: Vacant now
Closing Date: 08/28/26
Closing Attorney: Steve Lowry
Asking Price: $190,000
Tax value is $235,883 with annual taxes of $1,529 (Parcel ID 1725.08-79-5982-000, zoned R-6).
COMPARABLE SALES
3801 Sue Ln, Raleigh, NC 27604 — 1,720 sq ft — $485,000 ($282/sq ft) — Sold May 18, 2026, fully renovated
5016 Kyle Dr, Raleigh, NC 27616 — 1,648 sq ft — $449,000 ($272/sq ft) — Sold July 22, 2026
Comp Average: ~$467,000 (~$277/sq ft)
Our Price: $190,000 ($141/sq ft)
Spread: ~$277,000
OVERVIEW
This 3 bed/2 bath home sits on over half an acre, priced at $190,000 — a $277,000 spread to the comp average of $467,000. At just $141/sq ft, this property is priced well under both comps in the immediate Northeast Raleigh area. Wake County continues to be one of the fastest-growing markets in the country, and this section of Raleigh puts a buyer close to I-540, RDU, and the broader Research Triangle job corridor.
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 are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.