16 Red Ln, Raleigh, NC, 27606

Location

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1 (855) 200-2001

Property Highlights

Home TypeTownhouse

ParkingAssigned, Paved, Permit Required

Year Built2002

HeatingCentral

CoolingCentral Air

MLS #10029067

Lot Size0.02 Acres

StatusSale Pending
(Pending)

About 16 Red Ln

This is a great rental property and has a great history for being rented over the last 20 years. The townhome is in good shape and has been well taken care of. Recently has had roof replaced. 24 hour notice is required. All units are rented until end of lease term which is 7/25/2024. Three of the units are paying $525/month and one is paying $549/month. The 4 new leases have been signed and start 8/14/2024 at $600/month and end 7/25/2025. Owner pays utilities except for internet.

Property Details

Property Features

Property Information:

Architectural Style: Transitional
Year Built: 2002
Living Area: 1,536 SqFt

Listing Office:

Office Name: TradeMark Residential
Office Phone: (919) 510-4010
Listing Agent: Bo B Winn

Interior Features

Interior Information:

Appliances: Dishwasher, Electric Oven, Electric Water Heater, Refrigerator
Flooring Type: Carpet, Tile, Vinyl
Interior: Bathtub/Shower Combination, Eat-in Kitchen

Bedroom and Bathroom Information:

Partial Bathrooms: 1
Full Bathrooms: 4
Total Bedroom Count: 4

Exterior Features

Exterior Information:

Private Pool: No
Exterior: None

Parking Information:

Attached Garage: No
Parking: Assigned, Paved, Permit Required

Lot Features

Lot Information:

Lot Size: 0.02 Acres

Utilities

Utilities Information:

Heating: Central
Cooling: Central Air

School Info

Assigned Schools Information:

Athens Drive High School, Public District Grades 9-12
Wake Early College of Health and Science, Public District Grades 9-12
Martin Middle School, Public Magnet Grades 6-8
Farmington Woods Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

Directions: Hillsborough Street towards Cary. Pass through the Hillsborough/Western intersection then cross over WEstern Blvd into Red Wolf Crossing. Take a right then take left onto Red Lane. Townhome is on the left.

Price Information

Listing Price Info

Price Summary:

List Price: Price Not Disclosed
Price Per SqFt: $202/SqFt

HOA Fees:

Amount: $150
Frequency: Monthly

Tax Information:

Annual Amount: $1,676
Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Raleigh, NC.

Raleigh, NC

City

Med. Sold Price

$430.1K

Med. Price/SqFt

$230

Avg. Days On Market

# of Sold Homes

570

16 Red Ln vs Raleigh

15 DAYS ON ROCKET

-13 Days

Price Not Disclosed

$202/SqFt

-$29 Less

KEY TAKEAWAY

This property is $29/SqFt less than other homes in Raleigh, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Name: Triangle MLS
MLS Number: #10029067

Listing Office:

Office Name: TradeMark Residential
Office Phone: (919) 510-4010
Listing Agent: Bo B Winn

Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 5:20:41 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$1,676	$170,216
2020	$1,645	$170,216
2019	$1,467	$132,448
2018	$1,398	$132,448

History based on county public records data.

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

/10

Farmington Woods Elementary School
1413 Hampton Valley Rd
Distance between this listing and this school3.36 miles
Public Magnet Grades KG-5

Middle School

/10

Martin Middle School
1701 Ridge Rd
Distance between this listing and this school2.90 miles
Public Magnet Grades 6-8

High School

/10

Athens Drive High School
1420 Athens Dr
Distance between this listing and this school1.38 miles
Public District Grades 9-12

/10

Wake Early College of Health and Science
2901 Holston Ln
Distance between this listing and this school7.86 miles
Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

48%

<35k

49%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

Post Secondary: 52%
High School: 43%
Masters: 4%
No High School: 1%

What types of families live nearby?

62%

Single, No Kids

18%

Single, with Kids

Married, No Kids

12%

Married, with Kids

Are the neighbors home owners or renters?

Renters: 81%
Home Owners: 19%

How old are people in this area?

17%

<11 yrs old

12-17 yrs old

45%

18-34 yrs old

29%

35-64 yrs old

65+ yrs old

What do the neighbors do for fun?

NBA/WNBA
Pro Wrestling
Soccer

Where do the neighbors shop?

Express/Express For Men
Burlington
Forever 21

Where do the neighbors go to eat?

Starbucks
Cicis Pizza
Dominos Pizza

What do the neighbors drive?

Pontiac
Mazda
Volkswagen

What do the neighbors listen to?

Urban Contemporary
Rhythmic Contemporary Hits
Adult Hits

The neighbors living near this home have an average income of $36,593. Typical income of Raleigh, NC residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16 Red Ln

What type of property is this?

The property 16 Red Ln is a townhouse located in Raleigh, North Carolina, 27606.

Is this property for sale now?

Sale Pending: 16 Red Ln is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 16 Red Ln are:
Farmington Woods Elementary School: GreatSchools Rating 8/10
Martin Middle School: GreatSchools Rating 4/10
Athens Drive High School: GreatSchools Rating 7/10
Wake Early College of Health and Science: GreatSchools Rating 10/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,676 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 16 Red Ln has 4 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 16 Red Ln is 1,536 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16 Red Ln is 2002.

Rocket Homes›North Carolina›Wake County›Raleigh›27606›16 Red Ln

This home is located at 16 Red Ln in Raleigh, NC and zip code 27606 in the West Raleigh neighborhood. This 1,536 square foot home, which was built in 2002, sits on a 0.02 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 13, 2024.

In April 2024 more than 197 listings in Raleigh, NC were sold above the asking price. During the same period more than 139 listings were sold at asking price, while more than 234 were sold below. The number of listings in Raleigh, NC increased by 3.7% between March 2024 and April 2024. The median list price of listings available in April 2024 was $430,193, while the average time on the real estate market was 28 days.