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5116 Olde South Rd; Raleigh, NC Property Details

5116 Olde South Rd, Raleigh, NC is a Single Family that was built in 1930. This property is currently a cash purchase and is not for sale. Our records show that 5116 Olde South Rd has 2 bedrooms, and 2 bathrooms, and a total of 1,980 square feet. The lot size of 5116 Olde South Rd is 47,916 square feet.

Off market
5116 Olde South Rd Raleigh, NC 27606
$173,500 Listing Price
2 Beds
2 Baths
1,980 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1930
  • Purchase Price: $173,500
  • Est. Equity / %: $493,000 / 100%
  • Gross Yield: 7.519%
  • APN: 0781.01-46-3551-000
  • Situs County: Wake
  • Length Of Ownership: 21 years, 3 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 6

Structure

  • Stories: 1
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Building Condition: Good
  • Building Quality: B
  • Roof Type: Gable

Measurements

  • Total: 1,980/SqFt
  • Lot: 47,916/SqFt
  • Gross: 1,980/SqFt
  • Living: 1,980/SqFt
  • Building: 1,980/SqFt
  • Ground: 1,980/SqFt
  • Price Per Square Foot: $87.63

Legal Description

  • Description: LO31 OLDE SOUTH TRACE PH1 BM1994-01154
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: 35.718365 / -78.715744
  • Subdivision: Olde South Trace Ph1
  • Property Class: Residential
  • Zoning: R-40W
  • County Use Code: 01

Amenities

  • Plus Four: 9469
  • Cooling: Central
  • Heating: Forced air unit

Ownership Info

5116 Olde South Rd has no associated ownership info
5116 Olde South Rd has no associated ownership info.

Taxes

5116 Olde South Rd has 10 associated Taxes items

5116 Olde South Rd, 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 $453,020. The APN we've located for 5116 Olde South Rd is 0781.01-46-3551-000.

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Taxes
  • Assessed Value:  $453,020
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  0781.01-46-3551-000
  • Assessed Land Value:  210000
  • Market Land Value:  210000
  • Tax Amount:  2917.52
  • Tax Year:  2025
  • Market Value:  453020
  • Market Year:  2025

Tax History

5116 Olde South Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $453,020 Land Value $210,000 Improvement Value $243,020 Tax Amount $2,917.52 Change Rate +0.02974% Assessed CR Tax Rate +0.00644%
Year 2024 Assessed Value $453,020 Land Value $210,000 Improvement Value $243,020 Tax Amount $2,833.26 Change Rate +0.18216% Assessed CR Tax Rate +0.006254%
Year 2023 Assessed Value $304,820 Land Value $100,000 Improvement Value $204,820 Tax Amount $2,396.68 Change Rate +0.0789% Assessed CR Tax Rate +0.007863%
Year 2022 Assessed Value $304,820 Land Value $100,000 Improvement Value $204,820 Tax Amount $2,221.41 Change Rate +0.027493% Assessed CR Tax Rate +0.007288%
Year 2021 Assessed Value $304,820 Land Value $100,000 Improvement Value $204,820 Tax Amount $2,161.97 Change Rate +0.016771% Assessed CR Tax Rate +0.007093%
Year 2020 Assessed Value $304,820 Land Value $100,000 Improvement Value $204,820 Tax Amount $2,126.31 Change Rate +0.163711% Assessed CR Tax Rate +0.006976%
Year 2019 Assessed Value $221,278 Land Value $105,000 Improvement Value $116,278 Tax Amount $1,827.18 Change Rate Assessed CR Tax Rate +0.008257%
Year 2018 Assessed Value $221,278 Land Value $105,000 Improvement Value $116,278 Tax Amount Change Rate Assessed CR Tax Rate
Year 2017 Assessed Value $221,278 Land Value $105,000 Improvement Value $116,278 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $221,278 Land Value $105,000 Improvement Value $116,278 Tax Amount $1,561.2 Change Rate +0.073787% Assessed CR Tax Rate +0.007055%
Year 2015 Assessed Value $206,468 Land Value $90,000 Improvement Value $116,468 Tax Amount $1,453.92 Change Rate Assessed CR Tax Rate +0.007042%
Year 2014 Assessed Value $206,468 Land Value $90,000 Improvement Value $116,468 Tax Amount Change Rate Assessed CR Tax Rate