Google street view image for 2722 Spring Forest Rd, Raleigh, NC 27616

Off Market Jun 2024 for $26M

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Est. refi paymentEst. refi $175,802/mo

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•

— ba

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93,920

sq ft

2722 Spring Forest Rd, Raleigh, NC 27616

About this home

2722 Spring Forest Rd is a 93,920 square foot multi-family home on a 5.02 acre lot. - it last sold on June 20, 2024 for $26,166,000.

Multi-familyProperty Type

2018Year Built

5.02 acresLot Size

$279Price/Sq.Ft.

Source:Public Records

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 27658, NC

Last updated August 2026

Sale-to-list price

Median sale price

Avg. days on market

Recently sold homes

New listings for sale

NEW 3 HRS AGO
$635,000
4 beds3.5 baths3,049 sq ft
5216 Windmere Chase Dr, Raleigh, NC 27616
OPEN SAT, 1PM TO 3PM
$346,900
3 beds3 baths1,427 sq ft
4812 Mimetree Ct, Raleigh, NC 27616
OPEN SAT, 1PM TO 4PM
$250,000
3 beds2 baths1,068 sq ft
8428 Longfield Dr, Raleigh, NC 27616
OPEN SAT, 12PM TO 3PM
$340,000
3 beds2.5 baths1,563 sq ft
5522 Marthonna Way, Raleigh, NC 27616
FOR SALE BY OWNER
$329,000
3 beds4 baths1,670 sq ft
6613 Morgantown St, Raleigh, NC 27616
OPEN SUN, 2PM TO 4PM
$320,000
3 beds3.5 baths1,825 sq ft
5205 Invention Way, Raleigh, NC 27616
NEW 32 HRS AGO
$245,000
2 beds2.5 baths1,344 sq ft
6639 Clarksburg Pl, Raleigh, NC 27616
OPEN SUN, 2PM TO 4PM
$725,000
5 beds5.5 baths3,868 sq ft
4820 Heathshire Dr, Raleigh, NC 27616
NEW 1 DAY AGO
$274,999
3 beds3 baths1,941 sq ft
4611 Centrebrook Cir, Raleigh, NC 27616
3D WALKTHROUGH
$2,395,000
5 beds8.5 baths8,181 sq ft
4905 Forestville Rd, Raleigh, NC 27616
See all

Provided by Redfin

Sale history for 2722 Spring Forest Rd

Year

Property tax

Land + Additions

Assessment*

2025

$253,816 (+0.4%)

$7,507,500 + $21,268,537

$28,776,037

2024

$252,780 (+11.9%)

$7,507,500 + $21,268,537

$28,776,037

2023

$225,950 (+7.6%)

$7,507,500 + $30,495,265

$38,002,765

2022

$210,088 (+4.0%)

$4,290,000 + $16,176,967

$20,466,967

2021

$202,004 (+1.8%)

$4,290,000 + $16,176,967

$20,466,967

2020

$198,360 (+121.2%)

$4,290,000 + $16,176,967

$20,466,967

2019

$89,667 (+218.6%)

$4,290,000 + $17,894,053

$22,184,053

2018

$28,140 (+37.3%)

$2,002,000 + $5,735,209

$7,737,209

2017

$20,494

$1,970,007

Tax history for 2722 Spring Forest Rd

Year

Property tax

Land + Additions

Assessment*

2025

$253,816 (+0.4%)

$7,507,500 + $21,268,537

$28,776,037

2024

$252,780 (+11.9%)

$7,507,500 + $21,268,537

$28,776,037

2023

$225,950 (+7.6%)

$7,507,500 + $30,495,265

$38,002,765

2022

$210,088 (+4.0%)

$4,290,000 + $16,176,967

$20,466,967

2021

$202,004 (+1.8%)

$4,290,000 + $16,176,967

$20,466,967

2020

$198,360 (+121.2%)

$4,290,000 + $16,176,967

$20,466,967

2019

$89,667 (+218.6%)

$4,290,000 + $17,894,053

$22,184,053

2018

$28,140 (+37.3%)

$2,002,000 + $5,735,209

$7,737,209

2017

$20,494

$1,970,007

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

RX-4-PL

Residential Mixed Use District-4 Stories-Parking Limited Frontage

RX is a mixed residential district intended to provide for a variety of residential building types and housing options at density in excess of 10 du per acre.; RX can serve as a land use transition between other mixed use districts and residential neighborhoods.; RX allows limited retail and services subject to use standards that limit the size and scale to the ground floor corner unit of an apartment building.; The PL Frontage is intended for areas where access to buildings by automobile is desired but where some level of walkability is maintained. Permits a maximum of 2 bays of on-site parking with a single drive aisle between the building and the street right-of-way.

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Infrastructure
Lodging & hospitality
Public service-Other
Recreation-Other
Park & open space

Dec 11, 2025 • Final

Commercial electrical - alteration or repair

Install electrical circuits for two electric vehicle chargers.

Electrical

Ev charger

Feb 4, 2024 • Final

Temporary street, lane, and sidewalk closures and dumpster or pod placement

Upsize a utility hand hole to provide additional room for a larger splice case.

Grading

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Heating & Cooling
Air Conditioning Type: Separate System
Heating Type: Forced Air

Exterior

Exterior Information
Building Style Type: Conventional
Exterior Wall: Frame Brick
Roof Shape Type: Wood Joist
Building Type: Apartment

Property Information
Living Sq. Ft: 93,920
Building Sq. Ft: 93,920
# of Units: 143
# of Stories: 4
Stories Type: 4
Legal Description: LO1 BELL INVESTMENTS LP BM2017-00203

Parking & Garage Information
Parking Type: Carport
Garage/Parking Sq. Ft: 27
Garage / Carport Type: Carport

Lot Information
# of Buildings: 2
Land Sq. Ft: 218,671
Legal Lot Number: 1
Municipality Name: RALEIGH
Acres: 5.02
Zoning Code: RX-4
County Use Description: APARTMENT-ELEVATOR

Financial

Assessor Information
Assessment Year: 2026

Public facts

Beds: —
Baths: —
Sq. Ft.: 93,920
Stories: 4.0
Lot Size: 5.02 acres
Style: Multi-Family (5+ Unit)
Year Built: 2018
Year Renovated: 2018
County: Wake County
APN: 1716.12 97 8288 000

Home facts updated by county records on Aug 10, 2026

Around this home

Schools

Abbott's Creek Elementary School

Public PreK-5 • Assigned • 3.2mi

9/10

East Millbrook Middle

Public 6-8 • Assigned • 1.1mi

2/10

Millbrook High

Public 9-12 • Assigned • 0.7mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

3/10 Flood Factor

Estimated 11-17% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 105° expected this year, 17 days in 30 years

6/10 Wind Factor

50% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Raleigh, NC • 27616

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

9 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Listing provided by Zillow

New listings for sale in 27616

NEW 3 HRS AGO

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5216 Windmere Chase Dr, Raleigh, NC 27616

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OPEN SAT, 1PM TO 4PM

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OPEN SAT, 12PM TO 3PM

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OPEN SUN, 2PM TO 4PM

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Home values near 2722 Spring Forest Rd

Data from public records.

Address	Redfin Estimate
2916 Hickory Rd, Raleigh, NC - Beds \| 2 Baths \| 1555 Sq. Ft.	$382,050
5411 Reunion Pt, Raleigh, NC - Beds \| - Baths \| 13200 Sq. Ft.	—

Address	Redfin Estimate
6200 Old Wake Forest Rd, Raleigh, NC - Beds \| 1 Baths \| 936 Sq. Ft.	$257,708
5320 Debarkation Ln, Raleigh, NC - Beds \| - Baths \| 67665 Sq. Ft.	—

Address	Redfin Estimate
5401 Otters Run Ct, Raleigh, NC - Beds \| - Baths \| 12168 Sq. Ft.	—

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 27658, NC

Sale history for 2722 Spring Forest Rd

Tax history for 2722 Spring Forest Rd

Zoning and permits

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 27616

Home values near 2722 Spring Forest Rd

More real estate resources