Incredible ROI opportunity â 1930âs bungalow in Raleighâs Mordecai neighborhood, within walking distance to Krispy Kreme, and central to William Peace University, NC State University, and Raleighâs surging Downtown scene. An investorâs dream, just a short stroll from all things Raleigh offers, and an enviable situation, awaiting renewal of its historic charm.
Sold for $2,400,000
$2,400,000
816 Wake Forest Rd, Raleigh, NC 27604
3beds
1,556sqft
SingleFamily
Built in 1930
10,454 Square Feet Lot
$724,900 Zestimate®
$1,542/sqft
$2,602 Estimated rent
Home value
$724,900
$623,000 - $855,000
$2,602/mo
Zestimate® history
Owner options
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$14,358/mo
Est. payment
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$14,358/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced air
Cooling
- None
Features
- Flooring: Tile, Hardwood
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,556 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 10,454 Square Feet
Details
- Parcel number: 1704826974
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1930
Community & HOA
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $1,542/sqft
- Tax assessed value: $679,242
- Annual tax amount: $5,944
Price history
| Date | Event | Price |
|---|---|---|
| 11/15/2024 | Sold | $2,400,000+585.5%$1,542/sqft |
Source: Public Record Report a problem | ||
| 10/3/2018 | Sold | $350,100+0%$225/sqft |
Source:  Doorify MLS #2212908 Report a problem | ||
| 9/7/2018 | Pending sale | $350,000$225/sqft |
Source: Keller Williams Raleigh #2212908 Report a problem | ||
| 9/3/2018 | Listed for sale | $350,000$225/sqft |
Source: Keller Williams Raleigh #2212908 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,944 +0.4% | $679,242 |
| 2024 | $5,919 +50% | $679,242 +88.6% |
| 2023 | $3,945 +7.6% | $360,102 |
| 2022 | $3,666 +4% | $360,102 |
| 2021 | $3,524 +1.9% | $360,102 |
| 2020 | $3,460 +6.7% | $360,102 +29.5% |
| 2019 | $3,242 | $278,045 |
| 2018 | $3,242 +11.3% | $278,045 |
| 2017 | $2,913 +2.1% | $278,045 |
| 2016 | $2,853 +52.5% | $278,045 +55.6% |
| 2015 | $1,871 +5.4% | $178,725 |
| 2014 | $1,775 | $178,725 |
| 2013 | -- | $178,725 |
| 2012 | -- | $178,725 |
| 2011 | -- | $178,725 |
| 2010 | -- | $178,725 |
| 2009 | -- | $178,725 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Neighborhood: Mordecai
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Nearby schools
GreatSchools rating
- 5/10Conn ElementaryGrades: PK-5Distance: 0.7 mi
- 7/10Oberlin Middle SchoolGrades: 6-8Distance: 2.1 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Wake - Conn
- Middle: Wake - Daniels
- High: Wake - Broughton
Source: The 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
$724,900
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
$724,900
- North Carolina
- Wake County
- Raleigh
- 27604
- Mordecai
- 816 Wake Forest Rd
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