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501 Freeman St; Raleigh, NC Property Details

501 Freeman St, Raleigh, NC is a Single Family that was built in 1953. This property is currently Financed and is not for sale. Our records show that 501 Freeman St has 3 bedrooms, and 2.5 bathrooms, and a total of 1,395 square feet. The lot size of 501 Freeman St is 6,098 square feet.

Off market
501 Freeman St Raleigh, NC 27601
$360,000 Listing Price
3 Beds
2.5 Baths
1,395 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1953
  • Purchase Price: $3,620,000
  • Open Loans / Balance: 1 / $254,699
  • Est. Equity / %: $282,301 / 52.57%
  • Gross Yield: 6.206%
  • APN: 1713.09-16-3545-000
  • Situs County: Wake
  • Length Of Ownership: 8 years, 9 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 4
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 1
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Building Condition: Fair
  • Building Quality: C
  • Roof Type: Gable
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 1,395/SqFt
  • Lot: 6,098/SqFt
  • Gross: 1,395/SqFt
  • Living: 1,395/SqFt
  • Building: 1,395/SqFt
  • Ground: 1,395/SqFt
  • Price Per Square Foot: $2594.98

Legal Description

  • Description: LO24 HUNTER PARK HOMES BM1949-00026
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wake County Schools
  • Lat / Lon: 35.773224 / -78.62464
  • Subdivision: Hunter Park Homes
  • Property Class: Residential
  • Zoning: R-10
  • County Use Code: 01

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2023
  • Cooling: Central
  • Heating: Forced air unit

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

501 Freeman St has no associated ownership info
501 Freeman St has no associated ownership info.

Taxes

501 Freeman St has 10 associated Taxes items

501 Freeman St, Raleigh, NC pays taxes in Wake County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $494,714. The APN we've located for 501 Freeman St is 1713.09-16-3545-000.

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Taxes
  • Assessed Value:  $494,714
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  1713.09-16-3545-000
  • Assessed Land Value:  275000
  • Market Land Value:  275000
  • Tax Amount:  4334.4
  • Tax Year:  2025
  • Market Value:  494714
  • Market Year:  2025

Tax History

501 Freeman St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $494,714 Land Value $275,000 Improvement Value $219,714 Tax Amount $4,334.4 Change Rate +0.004126% Assessed CR Tax Rate +0.008761%
Year 2024 Assessed Value $494,714 Land Value $275,000 Improvement Value $219,714 Tax Amount $4,316.59 Change Rate +0.039639% Assessed CR Tax Rate +0.008725%
Year 2023 Assessed Value $379,084 Land Value $135,000 Improvement Value $244,084 Tax Amount $4,152.01 Change Rate +0.076144% Assessed CR Tax Rate +0.010953%
Year 2022 Assessed Value $379,084 Land Value $135,000 Improvement Value $244,084 Tax Amount $3,858.23 Change Rate +0.04038% Assessed CR Tax Rate +0.010178%
Year 2021 Assessed Value $379,084 Land Value $135,000 Improvement Value $244,084 Tax Amount $3,708.48 Change Rate +0.018531% Assessed CR Tax Rate +0.009783%
Year 2020 Assessed Value $379,084 Land Value $135,000 Improvement Value $244,084 Tax Amount $3,641.01 Change Rate +0.334613% Assessed CR Tax Rate +0.009605%
Year 2019 Assessed Value $233,682 Land Value $40,000 Improvement Value $193,682 Tax Amount $2,728.14 Change Rate +0.060209% Assessed CR Tax Rate +0.011675%
Year 2018 Assessed Value $233,682 Land Value $40,000 Improvement Value $193,682 Tax Amount $2,573.21 Change Rate +0.231531% Assessed CR Tax Rate +0.011012%
Year 2017 Assessed Value $56,019 Land Value $40,000 Improvement Value $16,019 Tax Amount $2,089.44 Change Rate +2.537107% Assessed CR Tax Rate +0.037299%
Year 2016 Assessed Value $56,019 Land Value $40,000 Improvement Value $16,019 Tax Amount $590.72 Change Rate Assessed CR Tax Rate +0.010545%
Year 2015 Assessed Value $50,210 Land Value $28,000 Improvement Value $22,210 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $50,210 Land Value $28,000 Improvement Value $22,210 Tax Amount Change Rate Assessed CR Tax Rate