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5516 Advancing Ave; Raleigh, NC Property Details

5516 Advancing Ave, Raleigh, NC is a Single Family that was built in 2019. This property is currently Cash Purchase,New Construction and is not for sale. Our records show that 5516 Advancing Ave has 3.5 bathrooms, and a total of 2,959 square feet. The lot size of 5516 Advancing Ave is 3,920 square feet.

Off market
5516 Advancing Ave Raleigh, NC 27616
$537,532 Estimated Value
3.5 Baths
2,959 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 2019
  • Purchase Price: $403,000
  • Open Loans / Balance: 1 / $121,957
  • Est. Equity / %: $417,043 / 77.37%
  • Gross Yield: 6.848%
  • APN: 1736.02-88-3502-000
  • Situs County: Wake
  • Length Of Ownership: 6 years, 7 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: 2,959/SqFt
  • Lot: 3,920/SqFt
  • Gross: 2,959/SqFt
  • Garage: 480/SqFt
  • Living: 2,959/SqFt
  • Building: 2,959/SqFt
  • Garage Unfinished: 480/SqFt
  • Price Per Square Foot: $136.19

Legal Description

  • Description: LO1160 5401 NORTH-LOT 20 BM2017-01503
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: 35.860725 / -78.53323
  • Subdivision: 5401 North Subdivision
  • Property Class: Residential
  • Zoning: PD
  • County Use Code: 01

Amenities

  • Plus Four: 8092
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Forced air unit

Ownership Info

5516 Advancing Ave has no associated ownership info
5516 Advancing Ave has no associated ownership info.

Taxes

5516 Advancing Ave has 10 associated Taxes items

5516 Advancing Ave, 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 $537,532. The APN we've located for 5516 Advancing Ave is 1736.02-88-3502-000.

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Taxes
  • Assessed Value:  $537,532
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  1736.02-88-3502-000
  • Assessed Land Value:  85000
  • Market Land Value:  85000
  • Tax Amount:  4707.82
  • Tax Year:  2025
  • Market Value:  537532
  • Market Year:  2025

Tax History

5516 Advancing Ave has 8 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $537,532 Land Value $85,000 Improvement Value $452,532 Tax Amount $4,707.82 Change Rate +0.004127% Assessed CR Tax Rate +0.008758%
Year 2024 Assessed Value $537,532 Land Value $85,000 Improvement Value $452,532 Tax Amount $4,688.47 Change Rate +0.022172% Assessed CR Tax Rate +0.008722%
Year 2023 Assessed Value $418,969 Land Value $80,000 Improvement Value $338,969 Tax Amount $4,586.77 Change Rate +0.076186% Assessed CR Tax Rate +0.010948%
Year 2022 Assessed Value $418,969 Land Value $80,000 Improvement Value $338,969 Tax Amount $4,262.06 Change Rate +0.0404% Assessed CR Tax Rate +0.010173%
Year 2021 Assessed Value $418,969 Land Value $80,000 Improvement Value $338,969 Tax Amount $4,096.56 Change Rate +0.018541% Assessed CR Tax Rate +0.009778%
Year 2020 Assessed Value $418,969 Land Value $80,000 Improvement Value $338,969 Tax Amount $4,021.99 Change Rate +3.338155% Assessed CR Tax Rate +0.0096%
Year 2019 Assessed Value $80,000 Land Value $80,000 Improvement Value Tax Amount $927.12 Change Rate +0.060681% Assessed CR Tax Rate +0.011589%
Year 2018 Assessed Value $80,000 Land Value $80,000 Improvement Value Tax Amount $874.08 Change Rate Assessed CR Tax Rate +0.010926%