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5224 Melbourne Rd; Raleigh, NC Property Details

5224 Melbourne Rd, Raleigh, NC is a Single Family that was built in 1958. This property is currently Financed and is not for sale. Our records show that 5224 Melbourne Rd has 1 bathroom, and a total of 1,254 square feet. The lot size of 5224 Melbourne Rd is 13,504 square feet.

Off market
5224 Melbourne Rd Raleigh, NC 27606
$340,340 Estimated Value
1 Baths
1,254 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1958
  • Purchase Price: $155,000
  • Open Loans / Balance: 2 / $180,259
  • Est. Equity / %: $159,741 / 46.98%
  • Gross Yield: 7.429%
  • APN: 0783.06-48-4201-000
  • Situs County: Wake
  • Length Of Ownership: 8 years, 9 months

Rooms

  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

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: 1,254/SqFt
  • Lot: 13,504/SqFt
  • Gross: 1,254/SqFt
  • Garage: 460/SqFt
  • Living: 1,254/SqFt
  • Building: 1,254/SqFt
  • Ground: 1,254/SqFt
  • Garage Unfinished: 460/SqFt
  • Price Per Square Foot: $123.60

Legal Description

  • Description: LO7 CARDINAL HLS BL2
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: 35.77802 / -78.71544
  • Subdivision: Cardinal Hls
  • Property Class: Residential
  • Zoning: R-4
  • County Use Code: 01

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1620
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Forced air unit
  • Parking: 2

HOA

  • H O A One: $40
  • H O A Amount: $40
  • H O A One Frequency: Monthly
  • H O A One Type: Home Owner Association

Ownership Info

5224 Melbourne Rd has no associated ownership info
5224 Melbourne Rd has no associated ownership info.

Taxes

5224 Melbourne Rd has 10 associated Taxes items

5224 Melbourne 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 $340,340. The APN we've located for 5224 Melbourne Rd is 0783.06-48-4201-000.

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Taxes
  • Assessed Value:  $340,340
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  0783.06-48-4201-000
  • Assessed Land Value:  200000
  • Market Land Value:  200000
  • Tax Amount:  1516.7
  • Tax Year:  2025
  • Market Value:  340340
  • Market Year:  2025

Tax History

5224 Melbourne Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $340,340 Land Value $200,000 Improvement Value $140,340 Tax Amount $1,516.7 Change Rate +0.004091% Assessed CR Tax Rate +0.004456%
Year 2024 Assessed Value $340,340 Land Value $200,000 Improvement Value $140,340 Tax Amount $1,510.52 Change Rate -0.391785% Assessed CR Tax Rate +0.004438%
Year 2023 Assessed Value $226,012 Land Value $105,000 Improvement Value $121,012 Tax Amount $2,483.53 Change Rate +0.07588% Assessed CR Tax Rate +0.010988%
Year 2022 Assessed Value $226,012 Land Value $105,000 Improvement Value $121,012 Tax Amount $2,308.37 Change Rate +0.040233% Assessed CR Tax Rate +0.010213%
Year 2021 Assessed Value $226,012 Land Value $105,000 Improvement Value $121,012 Tax Amount $2,219.09 Change Rate +0.018464% Assessed CR Tax Rate +0.009818%
Year 2020 Assessed Value $226,012 Land Value $105,000 Improvement Value $121,012 Tax Amount $2,178.86 Change Rate +0.118574% Assessed CR Tax Rate +0.00964%
Year 2019 Assessed Value $166,355 Land Value $90,000 Improvement Value $76,355 Tax Amount $1,947.89 Change Rate +0.060019% Assessed CR Tax Rate +0.011709%
Year 2018 Assessed Value $166,355 Land Value $90,000 Improvement Value $76,355 Tax Amount $1,837.6 Change Rate +0.049703% Assessed CR Tax Rate +0.011046%
Year 2017 Assessed Value $166,355 Land Value $90,000 Improvement Value $76,355 Tax Amount $1,750.59 Change Rate +0.020859% Assessed CR Tax Rate +0.010523%
Year 2016 Assessed Value $166,355 Land Value $90,000 Improvement Value $76,355 Tax Amount $1,714.82 Change Rate -0.017047% Assessed CR Tax Rate +0.010308%
Year 2015 Assessed Value $166,543 Land Value $90,000 Improvement Value $76,543 Tax Amount $1,744.56 Change Rate +0.054038% Assessed CR Tax Rate +0.010475%
Year 2014 Assessed Value $166,543 Land Value $90,000 Improvement Value $76,543 Tax Amount $1,655.12 Change Rate Assessed CR Tax Rate +0.009938%