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5501 Olde South Rd; Raleigh, NC Property Details

5501 Olde South Rd, Raleigh, NC is a Single Family that was built in 1984. This property is currently Financed and is not for sale. Our records show that 5501 Olde South Rd has 3 bedrooms, and 2 bathrooms, and a total of 1,872 square feet. The lot size of 5501 Olde South Rd is 42,253 square feet.

Off market
5501 Olde South Rd Raleigh, NC 27606
$340,000 Listing Price
3 Beds
2 Baths
1,872 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1984
  • Purchase Price: $340,000
  • Open Loans / Balance: 2 / $404,015
  • Est. Equity / %: $111,985 / 21.7%
  • Gross Yield: 6.656%
  • APN: 0781.04-64-2508-000
  • Situs County: Wake
  • Length Of Ownership: 6 years, 4 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 8

Structure

  • Building Style: Frame
  • Stories: 1
  • Building Condition: Average
  • Roof Type: Gable

Measurements

  • Total: 1,872/SqFt
  • Lot: 42,253/SqFt
  • Gross: 1,872/SqFt
  • Garage: 624/SqFt
  • Living: 1,872/SqFt
  • Building: 1,872/SqFt
  • Ground: 1,872/SqFt
  • Garage Unfinished: 624/SqFt
  • Price Per Square Foot: $181.62

Legal Description

  • Description: LO15 BRASS LANTERN SUB BM1983-843
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: 35.71311 / -78.709694
  • Subdivision: Brass Lantern Sub
  • Property Class: Residential
  • Zoning: R-40W
  • County Use Code: 01

Amenities

  • Plus Four: 9249
  • Cooling: Central
  • Garage: Garage
  • Heating: Forced air unit

Ownership Info

5501 Olde South Rd has no associated ownership info
5501 Olde South Rd has no associated ownership info.

Taxes

5501 Olde South Rd has 10 associated Taxes items

5501 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 $426,085. The APN we've located for 5501 Olde South Rd is 0781.04-64-2508-000.

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Taxes
  • Assessed Value:  $426,085
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  0781.04-64-2508-000
  • Assessed Land Value:  120000
  • Market Land Value:  120000
  • Tax Amount:  2745.24
  • Tax Year:  2025
  • Market Value:  426085
  • Market Year:  2025

Tax History

5501 Olde South Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $426,085 Land Value $120,000 Improvement Value $306,085 Tax Amount $2,745.24 Change Rate +0.029726% Assessed CR Tax Rate +0.006443%
Year 2024 Assessed Value $426,085 Land Value $120,000 Improvement Value $306,085 Tax Amount $2,665.99 Change Rate +0.12023% Assessed CR Tax Rate +0.006257%
Year 2023 Assessed Value $302,662 Land Value $84,000 Improvement Value $218,662 Tax Amount $2,379.86 Change Rate +0.0789% Assessed CR Tax Rate +0.007863%
Year 2022 Assessed Value $302,662 Land Value $84,000 Improvement Value $218,662 Tax Amount $2,205.82 Change Rate +0.027492% Assessed CR Tax Rate +0.007288%
Year 2021 Assessed Value $302,662 Land Value $84,000 Improvement Value $218,662 Tax Amount $2,146.8 Change Rate +0.033457% Assessed CR Tax Rate +0.007093%
Year 2020 Assessed Value $297,728 Land Value $84,000 Improvement Value $213,728 Tax Amount $2,077.3 Change Rate +0.215158% Assessed CR Tax Rate +0.006977%
Year 2019 Assessed Value $206,869 Land Value $80,000 Improvement Value $126,869 Tax Amount $1,709.49 Change Rate +0.087227% Assessed CR Tax Rate +0.008264%
Year 2018 Assessed Value $206,869 Land Value $80,000 Improvement Value $126,869 Tax Amount $1,572.34 Change Rate +0.054674% Assessed CR Tax Rate +0.007601%
Year 2017 Assessed Value $206,869 Land Value $80,000 Improvement Value $126,869 Tax Amount $1,490.83 Change Rate +0.020529% Assessed CR Tax Rate +0.007207%
Year 2016 Assessed Value $206,869 Land Value $80,000 Improvement Value $126,869 Tax Amount $1,460.84 Change Rate +0.026548% Assessed CR Tax Rate +0.007062%
Year 2015 Assessed Value $202,025 Land Value $72,000 Improvement Value $130,025 Tax Amount $1,423.06 Change Rate +0.05465% Assessed CR Tax Rate +0.007044%
Year 2014 Assessed Value $202,025 Land Value $72,000 Improvement Value $130,025 Tax Amount $1,349.32 Change Rate Assessed CR Tax Rate +0.006679%