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508 Phelps Ave; Raleigh, NC Property Details

508 Phelps Ave, Raleigh, NC is a Apt House 5+ Units that was built in 1949. This property is currently Financed and is not for sale. Our records show that 508 Phelps Ave has 3.5 bathrooms, and a total of 4,801 square feet. The lot size of 508 Phelps Ave is 27,443 square feet.

Off market
508 Phelps Ave Raleigh, NC 27607
$496,000 Listing Price
3.5 Baths
4,801 SqFt
Property Type
Apt House 5+ Units
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Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1949
  • Purchase Price: $498,000
  • APN: 0794.16-83-2960-000
  • Situs County: Wake
  • Length Of Ownership: 14 years, 5 months

Rooms

  • Bathrooms: 3.5
  • Full Bathrooms: 3
  • Partial Bathrooms: 1

Structure

  • Building Style: Brick
  • Stories: 1
  • Exterior Wall Type: Brick
  • Building Condition: Average
  • Building Quality: C
  • Roof Type: Gable
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 4,801/SqFt
  • Lot: 27,443/SqFt
  • Gross: 4,801/SqFt
  • Living: 4,801/SqFt
  • Basement: 800/SqFt
  • Building: 4,801/SqFt
  • Ground: 4,801/SqFt
  • Price Per Square Foot: $103.73

Legal Description

  • Description: LO7 J Y PHELPS SUB BM1946-33
Building Insights

Land Information

  • Property Type: Apt House 5+ Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wake County Schools
  • Lat / Lon: 35.793537 / -78.66863
  • Subdivision: Phelps Sub
  • Property Class: Residential
  • Zoning: R-10
  • County Use Code: 05

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 7260
  • Bathroom Fixtures: 20
  • Cooling: Partial
  • Heating: Forced air unit

Ownership Info

508 Phelps Ave has no associated ownership info
508 Phelps Ave has no associated ownership info.

Taxes

508 Phelps Ave has 8 associated Taxes items

508 Phelps Ave, 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 $808,471. The APN we've located for 508 Phelps Ave is 0794.16-83-2960-000.

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Taxes
  • Assessed Value:  $808,471
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  0794.16-83-2960-000
  • Assessed Land Value:  600000
  • Market Land Value:  600000
  • Market Value:  808471
  • Market Year:  2025

Tax History

508 Phelps Ave has 12 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $808,471 Land Value $600,000 Improvement Value $208,471 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $808,471 Land Value $600,000 Improvement Value $208,471 Tax Amount $7,141.57 Change Rate +0.124306% Assessed CR Tax Rate +0.008833%
Year 2023 Assessed Value $571,742 Land Value $412,500 Improvement Value $159,242 Tax Amount $6,351.98 Change Rate +0.074987% Assessed CR Tax Rate +0.01111%
Year 2022 Assessed Value $571,742 Land Value $412,500 Improvement Value $159,242 Tax Amount $5,908.89 Change Rate +0.039739% Assessed CR Tax Rate +0.010335%
Year 2021 Assessed Value $571,742 Land Value $412,500 Improvement Value $159,242 Tax Amount $5,683.05 Change Rate +0.018234% Assessed CR Tax Rate +0.00994%
Year 2020 Assessed Value $571,742 Land Value $412,500 Improvement Value $159,242 Tax Amount $5,581.28 Change Rate Assessed CR Tax Rate +0.009762%
Year 2019 Assessed Value $542,338 Land Value $240,000 Improvement Value $302,338 Tax Amount Change Rate Assessed CR Tax Rate
Year 2018 Assessed Value $542,338 Land Value $240,000 Improvement Value $302,338 Tax Amount $6,045.59 Change Rate Assessed CR Tax Rate +0.011147%
Year 2017 Assessed Value $542,338 Land Value $240,000 Improvement Value $302,338 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $542,338 Land Value $240,000 Improvement Value $302,338 Tax Amount $5,645.34 Change Rate -0.023127% Assessed CR Tax Rate +0.010409%
Year 2015 Assessed Value $546,498 Land Value $386,100 Improvement Value $160,398 Tax Amount $5,778.99 Change Rate Assessed CR Tax Rate +0.010575%
Year 2014 Assessed Value $546,498 Land Value $386,100 Improvement Value $160,398 Tax Amount Change Rate Assessed CR Tax Rate
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