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.
Sold for $310,000 on 06/27/24
$310,000
16 Red Ln, Raleigh, NC 27606
4beds
1,536sqft
Townhouse, Multi Family
Built in 2002
871.2 Square Feet Lot
$305,500 Zestimate®
$202/sqft
$2,138 Estimated rent
Home value
$305,500
$287,000 - $324,000
$2,138/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 12:21am
Listed by:
Bo Winn 919-614-4533,
TradeMark Residential
Bought with:
Laurene Sieli, 293259
Redfin Corporation
Source: Doorify MLS,MLS#: 10029067
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Electric Water Heater, Refrigerator
- Laundry: Laundry Closet
Features
- Bathtub/Shower Combination, Eat-in Kitchen
- Flooring: Carpet, Tile, Vinyl
- Has fireplace: No
- Common walls with other units/homes: No One Above
Interior area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
- Finished area above ground: 1,536
- Finished area below ground: 0
Property
Parking
- Parking features: Assigned, Paved, Permit Required
Features
- Levels: Tri-Level
- Stories: 3
- Patio & porch: None
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
Lot
- Size: 871.20 sqft
Details
- Parcel number: 0784105854
- Zoning: NX-3
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Transitional
- Property subtype: Townhouse, Multi Family
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2002
- Major remodel year: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Water Available
Community & neighborhood
Community
- Community features: None
Location
- Region: Raleigh
- Subdivision: Red Wolf Crossing
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $150 monthly
- Amenities included: Landscaping
- Services included: Maintenance Grounds
Other
Other facts
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2025 | Listed for rent | $650 |
Source: Doorify MLS #10094216 | ||
| 6/27/2024 | Sold | $310,000$202/sqft |
Source:  Doorify MLS #10029067 | ||
| 5/22/2024 | Pending sale | $310,000$202/sqft |
Source: Doorify MLS #10029067 | ||
| 5/13/2024 | Listed for sale | $310,000+160.5%$202/sqft |
Source: Doorify MLS #10029067 | ||
| 7/28/2003 | Sold | $119,000$77/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,264 +0.4% | $257,338 |
| 2024 | $2,255 +20.2% | $257,338 +51.2% |
| 2023 | $1,875 +7.6% | $170,216 |
Find assessor info on the county website
Neighborhood: West Raleigh
Nearby schools
GreatSchools rating
- 7/10Farmington Woods ElementaryGrades: PK-5Distance: 3.4 mi
- 6/10Martin MiddleGrades: 6-8Distance: 2.9 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$305,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$305,500