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550 King Richard Rd; Raleigh, NC Property Details

550 King Richard Rd, Raleigh, NC is a Single Family that was built in 1955. This property is currently Financed and is not for sale. Our records show that 550 King Richard Rd has 2 bedrooms, and 1 bathroom, and a total of 1,300 square feet. The lot size of 550 King Richard Rd is 18,295 square feet.

Off market
550 King Richard Rd Raleigh, NC 27610
$65,500 Listing Price
2 Beds
1 Baths
1,300 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1955
  • Purchase Price: $99,000
  • Est. Equity / %: $286,000 / 100%
  • Gross Yield: 5.631%
  • APN: 1723.09-15-4983-000
  • Situs County: Wake
  • Length Of Ownership: 27 years, 8 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 4

Structure

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

Measurements

  • Total: 1,300/SqFt
  • Lot: 18,295/SqFt
  • Gross: 1,300/SqFt
  • Living: 1,300/SqFt
  • Building: 1,300/SqFt
  • Ground: 1,300/SqFt
  • Price Per Square Foot: $76.15

Legal Description

  • Description: SHERWD FST L 63B& PTL 67&63A BM1956-0008
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: 35.77138 / -78.59046
  • Subdivision: Sherwood Forest
  • Property Class: Residential
  • Zoning: R-4
  • County Use Code: 01

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3745
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Forced air unit

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

550 King Richard Rd has no associated ownership info
550 King Richard Rd has no associated ownership info.

Taxes

550 King Richard Rd has 10 associated Taxes items

550 King Richard 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 $223,505. The APN we've located for 550 King Richard Rd is 1723.09-15-4983-000.

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Taxes
  • Assessed Value:  $223,505
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  1723.09-15-4983-000
  • Assessed Land Value:  95000
  • Market Land Value:  95000
  • Tax Amount:  1969.18
  • Tax Year:  2025
  • Market Value:  223505
  • Market Year:  2025

Tax History

550 King Richard Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $223,505 Land Value $95,000 Improvement Value $128,505 Tax Amount $1,969.18 Change Rate +0.0041% Assessed CR Tax Rate +0.00881%
Year 2024 Assessed Value $223,505 Land Value $95,000 Improvement Value $128,505 Tax Amount $1,961.14 Change Rate +0.235239% Assessed CR Tax Rate +0.008774%
Year 2023 Assessed Value $143,822 Land Value $40,000 Improvement Value $103,822 Tax Amount $1,587.66 Change Rate +0.075505% Assessed CR Tax Rate +0.011039%
Year 2022 Assessed Value $143,822 Land Value $40,000 Improvement Value $103,822 Tax Amount $1,476.2 Change Rate +0.040024% Assessed CR Tax Rate +0.010264%
Year 2021 Assessed Value $143,822 Land Value $40,000 Improvement Value $103,822 Tax Amount $1,419.39 Change Rate +0.018367% Assessed CR Tax Rate +0.009869%
Year 2020 Assessed Value $143,822 Land Value $40,000 Improvement Value $103,822 Tax Amount $1,393.79 Change Rate +0.08527% Assessed CR Tax Rate +0.009691%
Year 2019 Assessed Value $109,093 Land Value $30,000 Improvement Value $79,093 Tax Amount $1,284.28 Change Rate +0.059681% Assessed CR Tax Rate +0.011772%
Year 2018 Assessed Value $109,093 Land Value $30,000 Improvement Value $79,093 Tax Amount $1,211.95 Change Rate +0.049407% Assessed CR Tax Rate +0.011109%
Year 2017 Assessed Value $109,093 Land Value $30,000 Improvement Value $79,093 Tax Amount $1,154.89 Change Rate +0.020726% Assessed CR Tax Rate +0.010586%
Year 2016 Assessed Value $109,093 Land Value $30,000 Improvement Value $79,093 Tax Amount $1,131.44 Change Rate -0.011653% Assessed CR Tax Rate +0.010371%
Year 2015 Assessed Value $108,622 Land Value $30,000 Improvement Value $78,622 Tax Amount $1,144.78 Change Rate +0.053679% Assessed CR Tax Rate +0.010539%
Year 2014 Assessed Value $108,622 Land Value $30,000 Improvement Value $78,622 Tax Amount $1,086.46 Change Rate Assessed CR Tax Rate +0.010002%