OFF MARKET

Off Market Mar 2024 for $475K

$495,174

•

1,449

sq ft

5105 Memory Ln, Raleigh, NC 27609

About this home

Zoned OX-3 (Office Mixed Used) Prime investment Property in Midtown--Though the property is currently being lived in, it is a tear down where the underlying lot has multiple options for development including single family residential, multi-family, townhomes, apartments, Quadplex, duplex and a Office than can be 3 stories high. There are billions of dollars being invested in Midtown including tens of millions of dollars being invested in very close nearby properties. Also--Significant up-rezonings in the process in the nearby area. This property must be purchase with the adjacent property 5101 Memory Rd as a simuataneous closing/transaction--seeMLS#2532283 Properties Being Sold As Is. Property listed for it's land value--agent has not been inside properties therefore there may be discepancies to the details listed in MLS.

Single-familyProperty Type

1957Year Built

0.46 acresLot Size

$342Est. Price/Sq.Ft.

Listed by Philip Layton • Market-One Realty, LLC

Bought with Dana Lemon • Property Specific, LLC

Redfin checked: 3 minutes ago

•Source:TMLS #2532285

Redfin Estimate

$495,174

$20K since sold in March 2024$17K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4.1% higher than the average sale price ($476K) of 5 comparable homes.

SOLD JUN 30, 2026
$529,999
A
3 beds2 baths1,474 sq ft
608 Princeton, Raleigh, NC 27609
SOLD JUL 6, 2026
$545,000
B
3 beds2 baths1,521 sq ft
4701 Radcliff Rd, Raleigh, NC 27609
SOLD FEB 9, 2026
$450,000
C
3 beds2 baths1,874 sq ft
1605 Beechwood Dr, Raleigh, NC 27609
SOLD APR 23, 2026
$520,000
D
3 beds2 baths1,594 sq ft
5620 Old Forge Cir, Raleigh, NC 27609
SOLD JUL 17, 2026
$333,000
E
3 beds1 bath1,435 sq ft
1227 Falls Church Rd, Raleigh, NC 27609

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Earn from this home

Sell

$101,666

Est. take-home

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Rent

$2,291/mo

Redfin rental estimate

List your home for rent

Market trends in 27609, NC

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.2%

0.2% MoM

Median sale price

$605K

$55K MoM

Avg. days on market

35d

1 days MoM

Recently sold homes

136

18 MoM

New listings for sale

NEW 3 HRS AGO
$575,000
3 beds2 baths1,892 sq ft
4209 Quail Hollow Dr, Raleigh, NC 27609
NEW 3 HRS AGO
$290,000
2 beds2.5 baths1,196 sq ft
1824 Natalie Brook Way, Raleigh, NC 27609
EARLY ACCESS
$750,000
2 beds2 baths1,731 sq ft
208 Windel Dr, Raleigh, NC 27609
NEW 18 HRS AGO
$2,400,000
4 beds4 baths4,832 sq ft
713 Catawba St, Raleigh, NC 27609
NEW 22 HRS AGO
$1,550,000
6 beds5.5 baths4,182 sq ft
305 Windel Dr, Raleigh, NC 27609
3D WALKTHROUGH
$529,900
4 beds2.5 baths2,310 sq ft
5805 Morning Forest Dr, Raleigh, NC 27609
3D WALKTHROUGH
$250,000
2 beds1.5 baths1,005 sq ft
5078 Flint Ridge Pl, Raleigh, NC 27609
$339,900
3 beds2 baths1,475 sq ft
820 Green Ridge Dr, Raleigh, NC 27609
$530,000
3 beds2 baths2,184 sq ft
5209 Sedgefield Dr, Raleigh, NC 27609
$214,900
2 beds1.5 baths1,095 sq ft
5849 Shady Grove Cir, Raleigh, NC 27609
See all

Provided by Redfin

Sale history for 5105 Memory Ln

Year

Property tax

Land + Additions

Assessment*

2025

$3,322 (+0.4%)

$288,547 + $90,106

$378,653

2024

$3,309 (+42.4%)

$288,547 + $90,106

$378,653

2023

$2,323 (+7.6%)

$288,547 + $90,106

$378,653

2022

$2,159 (+4.0%)

$151,487 + $59,775

$211,262

2021

$2,076 (+1.8%)

$151,487 + $59,775

$211,262

2020

$2,038 (−22.6%)

$151,487 + $59,775

$211,262

2019

$2,632 (+6.0%)

$151,487 + $59,775

$211,262

2018

$2,482 (+5.0%)

$179,540 + $45,821

$225,361

2017

$2,364 (+2.1%)

$179,540 + $45,821

$225,361

2016

$2,315 (+44.0%)

$179,540 + $45,821

$225,361

2015

$1,608 (+5.4%)

$179,540 + $45,821

$225,361

2014

$1,526 (+7.0%)

$150,285 + $3,157

$153,442

2013

$1,426 (−2.1%)

$150,285 + $3,157

$153,442

2012

$1,456 (+1.0%)

$153,548 + $3,157

$156,705

2011

$1,442

$153,548 + $3,157

$156,705

Tax history for 5105 Memory Ln

Year

Property tax

Land + Additions

Assessment*

2025

$3,322 (+0.4%)

$288,547 + $90,106

$378,653

2024

$3,309 (+42.4%)

$288,547 + $90,106

$378,653

2023

$2,323 (+7.6%)

$288,547 + $90,106

$378,653

2022

$2,159 (+4.0%)

$151,487 + $59,775

$211,262

2021

$2,076 (+1.8%)

$151,487 + $59,775

$211,262

2020

$2,038 (−22.6%)

$151,487 + $59,775

$211,262

2019

$2,632 (+6.0%)

$151,487 + $59,775

$211,262

2018

$2,482 (+5.0%)

$179,540 + $45,821

$225,361

2017

$2,364 (+2.1%)

$179,540 + $45,821

$225,361

2016

$2,315 (+44.0%)

$179,540 + $45,821

$225,361

2015

$1,608 (+5.4%)

$179,540 + $45,821

$225,361

2014

$1,526 (+7.0%)

$150,285 + $3,157

$153,442

2013

$1,426 (−2.1%)

$150,285 + $3,157

$153,442

2012

$1,456 (+1.0%)

$153,548 + $3,157

$156,705

2011

$1,442

$153,548 + $3,157

$156,705

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

Public record

Public record
Zoning
Permits

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.46 Acres

Year renovated

1957

Sq. Ft.

1,449

Year built

1957

Style

Single Family Residential

County

Wake County

APN

1716.14 44 8297 000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 10, 2026.

OX-3-PL

Office Mixed Use District-3 Stories-Parking Limited Frontage

OX is intended to provide for a variety of office and employment uses while allowing for housing and limited retail and service-related options. Limited retail and service-related options are allowed subject to use standards that restrict the size and scale of each use.; OX is not intended to provide for areas exclusively dominated by office or employment uses but provide for developments that balance employment and housing options with access to convenience retail services and goods.; OX can serve as a land use transition between other mixed use districts and residential neighborhoods.; 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
Bed & breakfast
Office
Research & development
Public service-Other
Park & open space

Property details

Parking

Parking Information
Parking Features: Concrete, Driveway

Interior

Bathroom Information
Bathrooms Full: 1

Bedroom Information
Bedrooms Total: 3

Interior Features
Fireplace: Yes
Fireplaces Total: 1
Flooring: Vinyl

Exterior

Building Information
Construction Materials: Brick
Building Area Total: 1449.0
Structure Type: Site Built

Property information
Above Grade Finished Area: 1449.0
Below Grade Finished Area: 0.0
Levels: One
Ownership Type: Other

Lot Information
Lot Size Acres: 0.46
Lot Size Area: 0.46
Lot Size Dimensions: 116x135x34x130x169
Lot Size Square Feet: 20037.6
Lot Size Units: Acres
Zoning: OX3

Financial

Tax Information
Tax Annual Amount: 2323.0

Financial Information
Buyer Financing: Cash

Utilities

Heating & Cooling
Heating: No
Heating Information: None
Cooling: No
Cooling Information: None

Location

HOA Information
Association: No
Association Fee: 0.0
Association Fee 2: 0.0

School Information
Elementary School: Wake - Millbrook
Middle Or Junior School: Wake - East Millbrook
High School: Wake - Millbrook

Location Information
County Or Parish: Wake
Directions: North on Falls of Neuse Rd Right on Millbrook Right on Memory
Latitude: 35.849329
Longitude: -78.612208
Postal Code: 27609

Community Information
Senior Community: No

Public facts

Beds: —
Baths: 2.0
Sq. Ft.: 1,449
Stories: 1.0
Lot Size: 0.46 acres
Style: Single Family Residential
Year Built: 1957
Year Renovated: 1957
County: Wake County
APN: 1716.14 44 8297 000

Home facts updated by county records on Aug 10, 2026

Other

Listing Date Information
Contract Status Change Date: 2024-03-30
Documents Change Timestamp: 2024-09-13T13:49:46Z
Photos Change Timestamp: 2023-11-26T01:09:36Z

Around this home

Schools

Millbrook Elementary School

Public PreK-5 • Assigned • 0.1mi

5/10

East Millbrook Middle

Public 6-8 • Assigned • 2.1mi

2/10

Millbrook High

Public 9-12 • Assigned • 1.2mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk 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

7/10 Heat Factor

7 days above 105° expected this year, 18 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 • 27609

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

Estimated sale price

$471,000 – $570,000

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New listings for sale in 27609

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Home values near 5105 Memory Ln

Data from public records.

Address	Redfin Estimate
5000 Memory Rd, Raleigh, NC - Beds \| - Baths \| 1296 Sq. Ft.	$489,881
4910 Memory Rd, Raleigh, NC - Beds \| - Baths \| - Sq. Ft.	$682,168

Address	Redfin Estimate
5004 Memory Rd, Raleigh, NC - Beds \| 1.5 Baths \| 1456 Sq. Ft.	$415,649
4909 Falls of Neuse Rd, Raleigh, NC 3 Beds \| 2.5 Baths \| 1840 Sq. Ft.	$441,052

Address	Redfin Estimate
5101 Memory Rd, Raleigh, NC 3 Beds \| 1 Baths \| 1348 Sq. Ft.	$533,391
1624 Brook Fern Way, Raleigh, NC 2 Beds \| 2.5 Baths \| 1196 Sq. Ft.	$274,368

Property information provided by TMLS when last listed in 2023. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 27609, NC

Sale history for 5105 Memory Ln

Tax history for 5105 Memory Ln

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 27609

Home values near 5105 Memory Ln

More real estate resources