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5500 Reach Dr; Raleigh, NC Property Details

5500 Reach Dr, Raleigh, NC is a Single Family that was built in 2023. This property is currently Financed,New Construction and is not for sale. Our records show that 5500 Reach Dr has 3.5 bathrooms, and a total of 2,901 square feet. The lot size of 5500 Reach Dr is 4,792 square feet.

Off market
5500 Reach Dr Raleigh, NC 27616
$520,319 Estimated Value
3.5 Baths
2,901 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 2023
  • Purchase Price: $517,000
  • Open Loans / Balance: 1 / $351,776
  • Est. Equity / %: $169,224 / 32.48%
  • Gross Yield: 6.802%
  • APN: 1736.02-97-0046-000
  • Situs County: Wake
  • Length Of Ownership: 3 years, 2 months

Rooms

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

Structure

  • Building Style: Frame
  • Stories: 2
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 2,901/SqFt
  • Lot: 4,792/SqFt
  • Gross: 2,901/SqFt
  • Living: 2,901/SqFt
  • Building: 2,901/SqFt
  • Price Per Square Foot: $178.21

Legal Description

  • Description: LO1264 5401 NORTH BM2022-00879
Building Insights

Land Information

  • Property Type: Single Family
  • School District: Wake County Schools
  • Lat / Lon: 35.856716 / -78.530754
  • Property Class: Residential
  • Zoning: PD
  • County Use Code: 01

Amenities

  • Plus Four: 4365
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Forced air unit

Ownership Info

5500 Reach Dr has no associated ownership info
5500 Reach Dr has no associated ownership info.

Taxes

5500 Reach Dr has 10 associated Taxes items

5500 Reach Dr, 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 $520,319. The APN we've located for 5500 Reach Dr is 1736.02-97-0046-000.

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Taxes
  • Assessed Value:  $520,319
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  1736.02-97-0046-000
  • Assessed Land Value:  85000
  • Market Land Value:  85000
  • Tax Amount:  4557.7
  • Tax Year:  2025
  • Market Value:  520319
  • Market Year:  2025

Tax History

5500 Reach Dr has 3 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $520,319 Land Value $85,000 Improvement Value $435,319 Tax Amount $4,557.7 Change Rate +0.004126% Assessed CR Tax Rate +0.008759%
Year 2024 Assessed Value $520,319 Land Value $85,000 Improvement Value $435,319 Tax Amount $4,538.97 Change Rate +4.205241% Assessed CR Tax Rate +0.008723%
Year 2023 Assessed Value $80,000 Land Value $80,000 Improvement Value Tax Amount $872 Change Rate Assessed CR Tax Rate +0.0109%