WANT TO LIVE IN AN ADORABLE COTTAGE NEXT TO A PARK? This wonderful 2 bedroom 1 bath home is located right outside of Oakwood and next to a beautiful dog/park. It's in a very walkable neighborhood near the Brookside shops/restaurant. Original hardwoods were refinished in 2018, Roof is 5 years old, HVAC is only 6 years old. Freshly painted interior, new countertops and the electrical was all updated. Nest thermostat, W/ D and refrigerator convey. Expansive fenced backyard with new shed.
Single-familyProperty Type
1951Year Built
7,405 sq ftLot Size
$501Est. Price/Sq.Ft.
Listed by Bradley Murray• Murray Real Estate Group, LLC
Bought with Cristina Havens• RE/MAX United
Source:TMLS #2383188
Redfin Estimate
$420,839
$5,161 since sold in April 2024$14K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 2.4% lower than the average sale price ($431K) of 6 comparable homes.
WANT TO LIVE IN AN ADORABLE COTTAGE NEXT TO A PARK? This wonderful 2 bedroom 1 bath home is located right outside of Oakwood and next to a beautiful dog/park. It's in a very walkable neighborhood near the Brookside shops/restaurant. Original hardwoods were refinished in 2018, Roof is 5 years old, HVAC is only 6 years old. Freshly painted interior, new countertops and the electrical was all updated. Nest thermostat, W/ D and refrigerator convey. Expansive fenced backyard with new shed.
TMLS #2204384
Nov 30, 2018
Sold
$264,000
$314/sq ft
Nov 30, 2018
Sold
$264,000
$314/sq ft
Nov 3, 2018
Pending
—
Oct 22, 2018
Price Changed
$275,000
$327/sq ft
Sep 24, 2018
Price Changed
$285,000
$339/sq ft
Jul 18, 2018
Listed
$325,000
$387/sq ft
Jul 18, 2018
Listed
$275,000
$327/sq ft
Wonderful quiet street. House has been well maintained with new roof. Two bedrooms/1 bath. New paint and many upgrades completed within the past year. Great possibility as a building lot .
Year
Property tax
Land + Additions
Assessment*
2025
$3,547 (+0.4%)
$300,000 + $104,478
$404,478
2024
$3,533 (+22.0%)
$300,000 + $104,478
$404,478
2023
$2,897 (+7.6%)
$300,000 + $104,478
$404,478
2022
$2,692 (+4.0%)
$180,000 + $83,923
$263,923
2021
$2,588 (+1.8%)
$180,000 + $83,923
$263,923
2020
$2,541 (+23.4%)
$180,000 + $83,923
$263,923
2019
$2,060 (+6.0%)
$180,000 + $83,923
$263,923
2018
$1,943 (+5.0%)
$108,000 + $68,004
$176,004
2017
$1,851 (+2.1%)
$108,000 + $68,004
$176,004
2016
$1,813 (+32.4%)
$108,000 + $68,004
$176,004
2015
$1,369 (+5.4%)
$108,000 + $68,004
$176,004
2014
$1,299 (+7.0%)
$80,000 + $50,278
$130,278
2013
$1,214
$80,000 + $50,278
$130,278
2012
$1,214 (+1.0%)
$80,000 + $50,278
$130,278
2011
$1,202
$80,000 + $50,278
$130,278
Tax history for 702 Penn Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,547 (+0.4%)
$300,000 + $104,478
$404,478
2024
$3,533 (+22.0%)
$300,000 + $104,478
$404,478
2023
$2,897 (+7.6%)
$300,000 + $104,478
$404,478
2022
$2,692 (+4.0%)
$180,000 + $83,923
$263,923
2021
$2,588 (+1.8%)
$180,000 + $83,923
$263,923
2020
$2,541 (+23.4%)
$180,000 + $83,923
$263,923
2019
$2,060 (+6.0%)
$180,000 + $83,923
$263,923
2018
$1,943 (+5.0%)
$108,000 + $68,004
$176,004
2017
$1,851 (+2.1%)
$108,000 + $68,004
$176,004
2016
$1,813 (+32.4%)
$108,000 + $68,004
$176,004
2015
$1,369 (+5.4%)
$108,000 + $68,004
$176,004
2014
$1,299 (+7.0%)
$80,000 + $50,278
$130,278
2013
$1,214
$80,000 + $50,278
$130,278
2012
$1,214 (+1.0%)
$80,000 + $50,278
$130,278
2011
$1,202
$80,000 + $50,278
$130,278
*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
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.
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
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Forced Air
Room Information
# of Rooms: 4
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: W PRT & E PRT LT 137 CAPITOL HEIGHTS
Living Sq. Ft: 840
Building Sq. Ft: 840
# of Units: 1
# of Stories: 1
Stories Type: 1
Legal Description: LO136 W PRT & E PRT LT 137 CAPITOL HEIGHTS BM1945-00113
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,405
Legal Lot Number: 136
Municipality Name: RALEIGH
Acres: 0.17
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.: 840
Stories: 1.0
Lot Size: 7,405 square feet
Style: Single Family Residential
Year Built: 1951
Year Renovated: 1981
County: Wake County
APN: 1714.17 11 7992 000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Conn Elementary
Public PreK-5 • Assigned • 0.6mi
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
$400,000 – $484,000
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