550 King Richard Rd is a 1,300 square foot house on a 0.42 acre lot with 1 bathroom. - it last sold on December 22, 1998 for $99,000. Based on Redfin's Raleigh data, we estimate the home's value is $205,036.
Single-familyProperty Type
1955Year Built
0.42 acresLot Size
$158Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$205,036
$106K since sold in December 1998$5,000 since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 35.1% lower than the average sale price ($316K) of 6 comparable homes.
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Public Records
Mar 2, 1993
Sold
$54,000
$42/sq ft
Public Records
Dec 13, 1988
Sold
$54,000
$42/sq ft
Public Records
Jan 2, 1987
Sold
$47,000
$36/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,969 (+0.4%)
$95,000 + $128,505
$223,505
2024
$1,961 (+23.5%)
$95,000 + $128,505
$223,505
2023
$1,588 (+7.6%)
$95,000 + $128,505
$223,505
2022
$1,476 (+4.0%)
$40,000 + $103,822
$143,822
2021
$1,419 (+1.8%)
$40,000 + $103,822
$143,822
2020
$1,394 (+8.5%)
$40,000 + $103,822
$143,822
2019
$1,284 (+6.0%)
$40,000 + $103,822
$143,822
2018
$1,212 (+4.9%)
$30,000 + $79,093
$109,093
2017
$1,155 (+2.1%)
$30,000 + $79,093
$109,093
2016
$1,131 (−1.1%)
$30,000 + $79,093
$109,093
2015
$1,144 (+5.3%)
$30,000 + $79,093
$109,093
2014
$1,086 (+6.9%)
$30,000 + $78,622
$108,622
2013
$1,016
$30,000 + $78,622
$108,622
2012
$1,016 (+1.0%)
$30,000 + $78,622
$108,622
2011
$1,006
$30,000 + $78,622
$108,622
Tax history for 550 King Richard Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,969 (+0.4%)
$95,000 + $128,505
$223,505
2024
$1,961 (+23.5%)
$95,000 + $128,505
$223,505
2023
$1,588 (+7.6%)
$95,000 + $128,505
$223,505
2022
$1,476 (+4.0%)
$40,000 + $103,822
$143,822
2021
$1,419 (+1.8%)
$40,000 + $103,822
$143,822
2020
$1,394 (+8.5%)
$40,000 + $103,822
$143,822
2019
$1,284 (+6.0%)
$40,000 + $103,822
$143,822
2018
$1,212 (+4.9%)
$30,000 + $79,093
$109,093
2017
$1,155 (+2.1%)
$30,000 + $79,093
$109,093
2016
$1,131 (−1.1%)
$30,000 + $79,093
$109,093
2015
$1,144 (+5.3%)
$30,000 + $79,093
$109,093
2014
$1,086 (+6.9%)
$30,000 + $78,622
$108,622
2013
$1,016
$30,000 + $78,622
$108,622
2012
$1,016 (+1.0%)
$30,000 + $78,622
$108,622
2011
$1,006
$30,000 + $78,622
$108,622
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-4
Residential-4 District
Subject to the density restriction of 4 units per acre, R-4 allows single-unit living in a detached house with a minimum lot size of 10,000 sq ft.; Decreased minimum lot sizes are permitted as part of a compact development.; Additional building types, smaller lot sizes and increased density as part of a conservation development are allowed in exchange for preserving common open space.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service-Other
Recreation-Other
Park & open space
Property details
Interior
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Air Conditioning Type: Separate System
Heating Fuel Type: Gas
Heating Type: Forced Air
Fireplace Information
# of Fireplaces: 1
Has Fireplace
Room Information
# of Rooms: 4
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Conventional
Exterior Wall: Aluminum Siding
Roof Shape Type: Gable
Building Type: Single Family
Property Information
Subdivision Name: SHERWOOD FOREST
Living Sq. Ft: 1,300
Building Sq. Ft: 1,300
# of Units: 1
# of Stories: 1
Stories Type: 1
Legal Description: SHERWD FST L 63B& PTL 67&63A BM1956-00084
Lot Information
# of Buildings: 1
Land Sq. Ft: 18,295
Legal Lot Number: 63B
Municipality Name: RALEIGH
Acres: 0.42
Zoning Code: R-4
County Use Description: RESIDENTIAL-1 FAMILY
Utility Information
Utility Type: All
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,300
Stories: 1.0
Lot Size: 0.42 acres
Style: Single Family Residential
Year Built: 1955
Year Renovated: 1970
County: Wake County
APN: 1723.09 15 4983 000
Home facts updated by county records on Oct 31, 2026
Around this home
Schools
K - 12
Preschool & daycare
Bugg Elementary
Public PreK-5 • Assigned • 0.5mi
5/10
Ligon Middle
Public 6-8 • Assigned • 2.0mi
7/10
William G Enloe 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
6/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
6/10 Wind Factor
66% 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 • 27610
Average low and high temperatures (°F)
49°
29°
54°
35°
70°
46°
77°
54°
78°
60°
89°
68°
90°
73°
82°
67°
81°
62°
70°
51°
66°
44°
54°
34°
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
$195,000 – $236,000
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