16 Red Lane

Off Market

16 Red Lane

Raleigh NC 27606

1536 sq. ft.

871 sq. ft.

Townhouse

Last sold for $310,000

Bo Winn, last sold this property on 27 June 2024 after 44 days on market.

Overview

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.

Features

4 bedrooms

5 bathrooms

1536 sq. ft. floor area

871 sq. ft. lot size

Townhouse

Estimated Value

Based on this property and similar 4 bedroom townhouses sold in Raleigh over the last 12 months, the estimated median property value of 16 Red Lane is $407.5k.

Median value

$407.5k

Estimated value range

$220k - $485.43k

Median days on market

Estimated value trend

-6%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Raleigh. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 16 Red Lane

2024

Sold

$310,000

27 Jun 2024 by Bo Winn, of TradeMark Residential

2003

Sold

$119,000

19 Aug 2003 by Donna Preiss, of Preiss Company, The

Happy sellers in Raleigh

We have insufficient information to provide an overview of customer satisfaction for Raleigh. Viewing the agent profiles, reviews and sales for Raleigh can provide insights for this location.

Local market activity for 4 bedroom townhouses in Raleigh

In the last 12 months, 21 four-bedroom townhouses similar to 16 Red Lane, have been sold.

This represents a 90% decrease in four-bedroom townhouses sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Raleigh for a market analysis.

Marshall Gay

at Howard Perry & Walston Realtor

(2 reviews)

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Linda Trevor

at Compass -- Cary

(199 reviews)

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Christopher Crumpler

at Keller Williams Legacy

(194 reviews)

Get a market analysis

Casey Styers

at CB Styers Realty Group

(6 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Raleigh

Marshall Gay

Marshall Gay is a recommended agent for Raleigh. They have 2 local sales and collected 2 local reviews across the last 12 months.

5 (2 reviews)
2 Reviews in Raleigh
2 Sales in Raleigh

View profile

Linda Trevor

Linda Trevor is an award winning recommended agent for Raleigh. They have 2 local sales and collected 2 local reviews across the last 12 months.

5 (199 reviews)
2 Reviews in Raleigh
2 Sales in Raleigh

View profile

Christopher Crumpler

Sellers who recommend Christopher Crumpler have praised them for being local expert, clear communication, responsive, supportive, honest, patient, and trustworthy