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OVERVIEW
6620 Professor St, Raleigh, NC 27616
This 4 bed/3 bath home is priced at $320,000 — roughly $130,000 below the average of four comparable sales in the immediate area, which are averaging $450,000. A comp on this very same street (6633 Professor St) confirms strong local value at $455,000. At just $137/sq ft, this property is priced well under every comp in the set. Vacant at closing, this is a clean opportunity in Northeast Raleigh with quick access to I-540 and RTP.
Comp Avg (4 Comps): ~$450,000 (~$198/sq ft)
Our Price: $320,000 ($137/sq ft)
Spread: ~$130,000
DETAILS
Type: Single Family
Bedrooms / Baths: 4 bed / 3 bath
Living Area: 2,342 sq ft
Year Built: 2000
Lot Size: 0.24 acres / 10,454 sq ft
Utilities: City Water & City Sewer
Occupancy at Closing: Vacant at closing
Closing Date: 08/04/26
Closing Attorney: TBD
ADDITIONAL INFO
Tax Value: $478,257
Annual Taxes: $4,191
Garage: Yes — 394 sq ft
Parcel ID: 1737.04-51-5802-000
Zoning: R-10
Flood Zone: Low Risk
COMPARABLE SALES
6633 Professor St, Raleigh, NC 27616 — 2,306 sq ft — $455,000 ($197/sq ft) — Sold, same street as subject
6205 Remington Lake Dr, Raleigh, NC 27616 — 2,289 sq ft — $455,000 ($199/sq ft) — Sold
4804 Sinclair Dr, Raleigh, NC 27616 — 2,417 sq ft — $465,000 ($192/sq ft) — Sold
6712 Saint Johns Ct, Raleigh, NC 27616 — 2,098 sq ft — $425,000 ($203/sq ft) — Sold
Comp Average: ~$450,000 (~$198/sq ft)
Our Price: $320,000 ($137/sq ft)
Spread: ~$130,000
At $137/sq ft, this property is priced well under every comp in the area — a $130,000 spread to the average, backed by a strong same-street comp confirming local value.
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.