HERE IT IS! LOVELY BUNGALOW HOME ON CORNER LOT WITH ENGLISH GARDEN FEEL. TONS OF PERENNIAL PLANTINGS MAKE THIS HOME SO CHARMING AND INVITING. STONE/PAVER WALK WAYS THROUGHOUT YARD. INVITING FRONT PORCH AND WELCOMING FOYER. HOME HAS WITH EAT IN KITCHEN AND COUNTER BAR OPEN TO LARGE FAMILY ROOM WITH FIREPLACE. OWNERS RETREAT WITH SLIDING DOORS ONTO DECK AND WONDERFUL WALK IN CLOSET. TWO ADDITIONAL BEDROOMS ADEQUATE IN SIZE. BETTER HURRY THIS ONE WILL NOT LAST LONG! SHOWINGS BEGIN 6/20.
Single-familyProperty Type
1951Year Built
10,454 sq ftLot Size
$396Est. Price/Sq.Ft.
Listed by Cherrie Bynum• Re/Max One Realty
Bought with Anne Bailey Zschau• Hodge & Kittrell Sotheby's Int
Source:TMLS #2014802
Redfin Estimate
$467,394
$162K since sold in August 2020$18K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 9.2% lower than the average sale price ($515K) of 6 comparable homes.
HERE IT IS! LOVELY BUNGALOW HOME ON CORNER LOT WITH ENGLISH GARDEN FEEL. TONS OF PERENNIAL PLANTINGS MAKE THIS HOME SO CHARMING AND INVITING. STONE/PAVER WALK WAYS THROUGHOUT YARD. INVITING FRONT PORCH AND WELCOMING FOYER. HOME HAS WITH EAT IN KITCHEN AND COUNTER BAR OPEN TO LARGE FAMILY ROOM WITH FIREPLACE. OWNERS RETREAT WITH SLIDING DOORS ONTO DECK AND WONDERFUL WALK IN CLOSET. TWO ADDITIONAL BEDROOMS ADEQUATE IN SIZE. BETTER HURRY THIS ONE WILL NOT LAST LONG! SHOWINGS BEGIN 6/20.
TMLS #599216
Apr 5, 2008
Listing Removed
—
Jun 12, 2001
Listed
$117,500
$100/sq ft
Public Records
Feb 19, 2002
Sold
$118,000
$100/sq ft
Public Records
Aug 31, 1995
Sold
$66,000
$56/sq ft
Public Records
Feb 28, 1994
Sold
$18,000
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,106 (+0.4%)
$300,000 + $168,503
$468,503
2024
$4,089 (+20.4%)
$300,000 + $168,503
$468,503
2023
$3,397 (+7.6%)
$300,000 + $168,503
$468,503
2022
$3,157 (+4.0%)
$180,000 + $129,804
$309,804
2021
$3,034 (+1.9%)
$180,000 + $129,804
$309,804
2020
$2,979 (+26.2%)
$180,000 + $129,804
$309,804
2019
$2,362 (+6.0%)
$180,000 + $129,804
$309,804
2018
$2,228 (+5.0%)
$108,000 + $94,057
$202,057
2017
$2,122 (+2.1%)
$108,000 + $94,057
$202,057
2016
$2,078 (+31.4%)
$108,000 + $94,057
$202,057
2015
$1,582 (+5.4%)
$108,000 + $94,057
$202,057
2014
$1,501 (+6.9%)
$75,000 + $75,940
$150,940
2013
$1,404
$75,000 + $75,940
$150,940
2012
$1,404 (+1.0%)
$75,000 + $75,940
$150,940
2011
$1,390
$75,000 + $75,940
$150,940
Tax history for 701 Penn Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,106 (+0.4%)
$300,000 + $168,503
$468,503
2024
$4,089 (+20.4%)
$300,000 + $168,503
$468,503
2023
$3,397 (+7.6%)
$300,000 + $168,503
$468,503
2022
$3,157 (+4.0%)
$180,000 + $129,804
$309,804
2021
$3,034 (+1.9%)
$180,000 + $129,804
$309,804
2020
$2,979 (+26.2%)
$180,000 + $129,804
$309,804
2019
$2,362 (+6.0%)
$180,000 + $129,804
$309,804
2018
$2,228 (+5.0%)
$108,000 + $94,057
$202,057
2017
$2,122 (+2.1%)
$108,000 + $94,057
$202,057
2016
$2,078 (+31.4%)
$108,000 + $94,057
$202,057
2015
$1,582 (+5.4%)
$108,000 + $94,057
$202,057
2014
$1,501 (+6.9%)
$75,000 + $75,940
$150,940
2013
$1,404
$75,000 + $75,940
$150,940
2012
$1,404 (+1.0%)
$75,000 + $75,940
$150,940
2011
$1,390
$75,000 + $75,940
$150,940
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-10
NCOD
Residential-10 District
R-10 allows single-unit living in a detached house, or tiny house, and twounit living in an attached house or townhouse or tiny house with a minimum lot size of 4,000 sq ft. Multi-unit living is also allowed in a townhouse or apartment. Smaller minimum lot sizes are permitted as part of a compact development.; Smaller lot sizes as part of a conservation development or cottage court are allowed in exchange for preserving common open space. Smaller lot sizes as part of a conservation development or cottage court are allowed in exchange for preserving common open space.; Dimensional standards, maximum density, and allowed uses may be modified for the R- 10 district within the TOD overlay to enable transitoriented development.; R-10 allows single-unit living in a detached house, or tiny house and two-unit living in an attached house or tiny house with a minimum lot size of 4,000 sq ft. Multi-unit living is also allowed in a townhouse.; Smaller minimum lot sizes are permitted as part of a compact development.; Additional building types, and smaller lot sizes as part of a conservation development or cottage court are allowed in exchange for preservingcommon open space.; Dimensional standards, maximum density, allowed building types, and allowed uses may be modified for the R-6 district within the TOD overlay or Frequent Transit Areas identified in the City’s Comprehensive Plan to enable transit oriented development.
Zone overlays
Neighborhood Conservation District
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: 5
Exterior
Exterior Information
Physical Condition: Good
Building Style Type: Conventional
Exterior Wall: Aluminum Siding
Roof Shape Type: Gable
Building Type: Single Family
Property Information
Subdivision Name: CAPITOL HEIGHTS
Living Sq. Ft: 1,180
Building Sq. Ft: 1,180
# of Units: 1
# of Stories: 1
Stories Type: 1
Legal Description: LO121 CAPITOL HTS
Lot Information
# of Buildings: 1
Land Sq. Ft: 10,454
Legal Lot Number: 121
Municipality Name: RALEIGH
Acres: 0.24
Zoning Code: R-10
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.: 1,180
Stories: 1.0
Lot Size: 10,454 square feet
Style: Single Family Residential
Year Built: 1951
Year Renovated: 1990
County: Wake County
APN: 1714.17 12 8111 000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Conn Elementary
Public PreK-5 • Assigned • 0.5mi
5/10
Ligon Middle
Public 6-8 • Assigned • 1.1mi
7/10
William G Enloe High
Public 9-12 • Assigned • 1.1mi
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 106° expected this year, 16 days in 30 years
6/10 Wind Factor
59% 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 • 27604
Average low and high temperatures (°F)
49
29
54
35
70
46
76
54
78
60
89
69
90
73
82
67
80
64
72
52
65
44
53
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
$445,000 – $538,000
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