BOUGHT WITH REDFIN MAY 29, 2020

Off market may 2020 for $340K

$510,475

Est. refi paymentEst. refi $2,099/mo

•

1,901

sq ft

5501 Olde South Rd, Raleigh, NC 27606

About this home

Show Stopper!!! This well maintained and updated 3BR 2BA Ranch with just under an acre of land sits in one of S Raleigh's finest locations. New Roof, Newer HVAC, Newer Electric Water Heater, Fiber Cement Siding, Oversized Windows, Deck, Covered Front Porch, Extended 2 Car Side Entry Garage, Fenced in Back Yard, Granite Counter Tops, Tile in the Kitchen and Breakfast Room, Additional Office, Plenty of Front Footage, NO CITY TAXES! Don't walk to this one. .. RUN!

Single-familyProperty Type

1984Year Built

0.97 acresLot Size

$269Est. Price/Sq.Ft.

2 car garageParking

Buyer's agent

Aljerald Butcher Redfin Corporation

Listed by Ryan Reynolds • Choice Residential Real Estate

Redfin checked: 2 minutes ago

•Source:TMLS #2312751

Redfin Estimate

$510,475

$170K since sold in May 2020$4,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 2.5% higher than the average sale price ($498K) of 6 comparable homes.

SOLD AUG 5, 2026
$612,500
A
3 beds2 baths1,772 sq ft
6016 Brass Lantern Ct, Raleigh, NC 27606
SOLD SEP 3, 2026
$540,000
B
3 beds2.5 baths2,355 sq ft
5105 Laurie Dr, Raleigh, NC 27606
SOLD JUL 30, 2026
$382,000
C
3 beds2.5 baths1,664 sq ft
5705 Timber Ln, Raleigh, NC 27606
BOUGHT WITH REDFIN APR 21, 2026
$469,900
D
3 beds2 baths1,575 sq ft
5505 Swiftbrook Cir, Raleigh, NC 27606
SOLD AUG 7, 2026
$622,500
E
3 beds2.5 baths2,538 sq ft
4705 Joseph-michael Ct, Raleigh, NC 27606
SOLD JUL 2, 2026
$360,000
F
3 beds2 baths1,495 sq ft
4708 Farmer Ln, Raleigh, NC 27606

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Earn from this home

Sell

$242,089

Est. take-home

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Refinance

Est. cash available

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Rent

$2,418/mo

Redfin rental estimate

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Market trends in 27606, NC

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

97.7%

0.3% MoM

Median sale price

$530K

$58K MoM

Avg. days on market

40d

5 days MoM

Recently sold homes

107

17 MoM

New listings for sale

NEW 19 HRS AGO
$159,900
1 bed1 bath540 sq ft
3522 Ivy Commons Dr, Raleigh, NC 27606
NEW 22 HRS AGO
$250,000
2 beds2 baths771 sq ft
1509 Gorman St, Raleigh, NC 27606
$257,900
2 beds2.5 baths1,459 sq ft
1813 Fox Sterling Dr, Raleigh, NC 27606
$155,000
1 bed1 bath540 sq ft
3517 Ivy Commons Dr #301, Raleigh, NC 27606
$450,000
3 beds2 baths1,458 sq ft
5848 Yates Mill Pond Rd, Raleigh, NC 27606
$200,000
2 beds1.5 baths1,100 sq ft
5520 Kaplan Dr Unit A, Raleigh, NC 27606
COMING SOON
$509,900
3 beds2.5 baths2,095 sq ft
241 Kentigern Dr, Raleigh, NC 27606
$395,000
3 beds2 baths1,259 sq ft
233 Singleton St, Raleigh, NC 27606
$300,000
3 beds2 baths1,400 sq ft
5801 Phaeton Cir, Raleigh, NC 27606
3D WALKTHROUGH
$710,000
3 beds2.5 baths2,308 sq ft
2900 Whitehart Ln, Raleigh, NC 27606
See all

Provided by Redfin

Sale history for 5501 Olde South Rd

Date

Event

Price

TMLS #2312751

May 29, 2020

Sold

$340,000

$179/sq ft

Apr 29, 2020

Contingent

—

Apr 9, 2020

Listed

$340,000

$179/sq ft

TMLS #2147585

Oct 5, 2017

Sold

$292,000

$154/sq ft

Sep 15, 2017

Pending

—

Aug 24, 2017

Listed

$294,600

$155/sq ft

+20

.97 Acre; No City tax; No HOA fee; 4.5 mile/Crossroads Plz. Ranch, with 6"energy efficient walls w/ attached, painted, oversized garage. NEW driveway, sidewalk, garage door. Painted deck. NEW:double hung windows & 3 ext doors; NEW paint inside & out; NEW water heater; NEW stainless kitchen appl, tile backsplash & sink; NEW tile floors, carpet, 5ceiling fans & blinds; NEW granite counter, sink, cabinet & fixtures in both baths. MBath w/ dual sinks & walkin closet. Large kitchen w/ granite. Mudrm. Water filter system.

AMLSNC #681844

Aug 28, 2003

Sold

$165,000

$87/sq ft

Jul 17, 2003

Listing Removed

—

Mar 26, 2003

Listed

$165,000

$87/sq ft

Public Records

Mar 23, 1995

Sold

$108,000

$57/sq ft

Public Records

Feb 29, 1984

Sold

$12,500

$7/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,745 (+3.0%)

$120,000 + $306,085

$426,085

2024

$2,666 (+12.0%)

$120,000 + $306,085

$426,085

2023

$2,380 (+7.9%)

$120,000 + $306,085

$426,085

2022

$2,206 (+2.7%)

$84,000 + $218,662

$302,662

2021

$2,147 (+3.3%)

$84,000 + $218,662

$302,662

2020

$2,077 (+21.5%)

$84,000 + $213,728

$297,728

2019

$1,709 (+8.7%)

$84,000 + $213,728

$297,728

2018

$1,572 (+5.5%)

$80,000 + $126,869

$206,869

2017

$1,491 (+2.1%)

$80,000 + $126,869

$206,869

2016

$1,460 (+2.6%)

$80,000 + $126,869

$206,869

2015

$1,423 (+5.5%)

$80,000 + $126,869

$206,869

2014

$1,349 (+7.0%)

$72,000 + $130,025

$202,025

2013

$1,260

$72,000 + $130,025

$202,025

2012

$1,260

$72,000 + $130,025

$202,025

2011

$1,260

$72,000 + $130,025

$202,025

Tax history for 5501 Olde South Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,745 (+3.0%)

$120,000 + $306,085

$426,085

2024

$2,666 (+12.0%)

$120,000 + $306,085

$426,085

2023

$2,380 (+7.9%)

$120,000 + $306,085

$426,085

2022

$2,206 (+2.7%)

$84,000 + $218,662

$302,662

2021

$2,147 (+3.3%)

$84,000 + $218,662

$302,662

2020

$2,077 (+21.5%)

$84,000 + $213,728

$297,728

2019

$1,709 (+8.7%)

$84,000 + $213,728

$297,728

2018

$1,572 (+5.5%)

$80,000 + $126,869

$206,869

2017

$1,491 (+2.1%)

$80,000 + $126,869

$206,869

2016

$1,460 (+2.6%)

$80,000 + $126,869

$206,869

2015

$1,423 (+5.5%)

$80,000 + $126,869

$206,869

2014

$1,349 (+7.0%)

$72,000 + $130,025

$202,025

2013

$1,260

$72,000 + $130,025

$202,025

2012

$1,260

$72,000 + $130,025

$202,025

2011

$1,260

$72,000 + $130,025

$202,025

*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

0.97 Acres

Year renovated

1990

Sq. Ft.

1,872

Year built

1984

Style

Single Family Residential

County

Wake County

APN

0781.04 64 2508 000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 30, 2026.

R-40W

Residential-40 Watershed District

The R-40W zoning districts are known as residential watershed districts. These districts allow very-low-density residential development in the form of single-family detached dwellings and duplexes. A limited number of nonresidential uses are also allowed, but generally only if the Board of Adjustment first reviews and approves a site plan and Special Use Permit for such use.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Mobile home park
Park & open space

Oct 12, 2023 • Final

Residential alteration

Remodel a master bathroom by reconfiguring the layout to create a larger shower and relocating the toilet. Install a new structural drop girder to repair damaged floor joists. No bearing walls will be removed and the vanity will remain in its current location.

Bathroom

Remodel

Aug 14, 2023 • Final

Residential alteration

Install a roof-mounted photovoltaic solar array and a Tesla battery on a residential building.

Battery

Electrical

Solar

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

Parking

Parking Information
Garage: Yes
Garage Spaces: 2
Parking Features: Concrete, Driveway, Garage, Garage Door Opener

Interior

Bathroom Information
Bathrooms Full: 2

Bedroom Information
Bedrooms Total: 3

Interior Features
Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker
Window Features: Skylight(s)
Laundry Features: Laundry Room, Main Level
Interior Features: Bookcases, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Primary Downstairs, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
Flooring: Carpet, Tile

Room Information
Crawl Space

Exterior

Building Information
Construction Materials: Fiber Cement
Building Area Total: 1901.0
Structure Type: Site Built

Exterior Features
Patio and Porch Features: Covered, Deck, Porch
Exterior Features: Fenced Yard, Rain Gutters
Fencing: Privacy

Property information
Above Grade Finished Area: 1901.0
Below Grade Finished Area: 0.0
Levels: One
Ownership Type: Other

Lot Information
Lot Size Acres: 0.97
Lot Size Area: 0.97
Lot Size Dimensions: See Plot Map
Lot Size Square Feet: 42253.2
Lot Size Units: Acres

Financial

Tax Information
Tax Annual Amount: 1709.0

Financial Information
Buyer Financing: Conventional

Utilities

Utility Information
Sewer: Septic Tank
Utilities: Cable Available
Water Source: Well

Heating & Cooling
Heating: Yes
Heating Information: Forced Air, Propane
Cooling: Yes
Cooling Information: Central Air

Location

HOA Information
Association: No
Association Fee: 0.0
Association Fee 2: 0.0
Association Fee Includes: None

School Information
Elementary School: Wake - Yates Mill
Middle Or Junior School: Wake - Dillard
High School: Wake - Athens Dr

Location Information
County Or Parish: Wake
Directions: From Tryon Road turn onto Yates Mill Pond Road, Go 2 Miles down and stay right on fork onto Olde South, Home is 1/2 mile up on Left.
Latitude: 35.713111
Longitude: -78.709697
Postal Code: 27606

Public facts

Beds: —
Baths: 2.0
Sq. Ft.: 1,872
Stories: 1.0
Lot Size: 0.97 acres
Style: Single Family Residential
Year Built: 1984
Year Renovated: 1990
County: Wake County
APN: 0781.04 64 2508 000

Home facts updated by county records on Oct 30, 2026

Other

hidden custom fields
Laundry Room, Main Level

Listing Date Information
Contract Status Change Date: 2020-06-01
Documents Change Timestamp: 2024-06-17T21:32:19.000Z

Around this home

Schools

K - 12
Preschool & daycare

Yates Mill Elementary

Public PreK-5 • Assigned • 2.0mi

7/10

Dillard Drive Middle

Public 6-8 • Assigned • 2.9mi

7/10

Athens Drive High

Public 9-12 • Assigned • 3.8mi

8/10

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, 17 days in 30 years

6/10 Wind Factor

58% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Raleigh, NC • 27606

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 8.9 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

8.9 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$485,000 – $588,000

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New listings for sale in 27606

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Home values near 5501 Olde South Rd

Data from public records.

Address	Redfin Estimate
5500 Olde South Rd, Raleigh, NC - Beds \| 2 Baths \| 2486 Sq. Ft.	$507,899
5505 Olde South Rd, Raleigh, NC - Beds \| 2 Baths \| 2152 Sq. Ft.	$503,319
6109 Countryview Ln, Raleigh, NC - Beds \| 3 Baths \| 2000 Sq. Ft.	$472,974
6104 Countryview Ln, Raleigh, NC 3 Beds \| 2 Baths \| 1523 Sq. Ft.	$457,636
6008 Brass Lantern Ct, Raleigh, NC 3 Beds \| 2.5 Baths \| 2396 Sq. Ft.	$556,869
6017 Brass Lantern Ct, Raleigh, NC 3 Beds \| 3 Baths \| 2099 Sq. Ft.	$583,315
5917 Countryview Ln, Raleigh, NC 3 Beds \| 2.5 Baths \| 1409 Sq. Ft.	$476,595

Address	Redfin Estimate
5520 Olde South Rd, Raleigh, NC - Beds \| 2 Baths \| 1262 Sq. Ft.	$445,095
5512 Olde South Rd, Raleigh, NC - Beds \| 3 Baths \| 2502 Sq. Ft.	$741,330
6105 Countryview Ln, Raleigh, NC - Beds \| 2.5 Baths \| 1667 Sq. Ft.	$445,418
6000 Countryview Ln, Raleigh, NC - Beds \| 2 Baths \| 1697 Sq. Ft.	$455,147
6024 Brass Lantern Ct, Raleigh, NC 3 Beds \| 2 Baths \| 1840 Sq. Ft.	$532,946
6020 Brass Lantern Ct, Raleigh, NC - Beds \| 2 Baths \| 1674 Sq. Ft.	$483,845
6004 Brass Lantern Ct, Raleigh, NC - Beds \| 2 Baths \| 1777 Sq. Ft.	$534,628

Address	Redfin Estimate
5424 Olde South Rd, Raleigh, NC - Beds \| 2.5 Baths \| 2206 Sq. Ft.	$496,193
5908 Countryview Ln, Raleigh, NC - Beds \| 2 Baths \| 1344 Sq. Ft.	$388,842
6113 Countryview Ln, Raleigh, NC - Beds \| 2 Baths \| 1320 Sq. Ft.	$398,919
6025 Brass Lantern Ct, Raleigh, NC - Beds \| 3 Baths \| 2320 Sq. Ft.	$588,440
6012 Brass Lantern Ct, Raleigh, NC 3 Beds \| 3.5 Baths \| 2783 Sq. Ft.	$633,473
5913 Countryview Ln, Raleigh, NC - Beds \| 2 Baths \| 1591 Sq. Ft.	$451,787
6016 Brass Lantern Ct, Raleigh, NC 3 Beds \| 2 Baths \| 1772 Sq. Ft.	$646,398

Property information provided by TMLS when last listed in 2020. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 27606, NC

Sale history for 5501 Olde South Rd

Tax history for 5501 Olde South Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 27606

Home values near 5501 Olde South Rd

More real estate resources