Live the dream in the highly sought after Capital Heights neighborhood! You will love this 2 bedroom homes on a private fenced . 21 acres lot. A prime location just minutes to Downtown Raleigh and walking distance to the Oakwood dog park, restaurants and more. Featuring Granite counters and butcher block island. Stainless steel appliances, hardwoods throughout, private deck, patio and more! Do not miss this fabulous home in an incredible neighborhood. Welcome Home!
Oakwood Park, located between Oakwood and Mordecai, is a historic and residential Raleigh neighborhood with a leafy street grid and a porch-lined streetscape. The neighborhood’s character concentrates around the Oakwood Avenue and Person Street corridor, where sidewalk patios, small galleries, and corner cafes set a steady, social pace. Oakwood Pizza Box and Yellow Dog Bread Co. act as familiar gathering spots, while the North Carolina Museum of Natural Sciences adds a cultural counterpoint nearby. Early-20th-century bungalows and restored cottages sit beside mature trees and pocket gardens. Short blocks lead toward downtown’s civic buildings and warehouse-era streets. Green space and walking routes shape a calm, lived-in rhythm.
Provided by Walk Score and Local Logic
Offer insights
718 Penn Rd · $425,000
$425K and above
75% chance or better to win
Why $425K+ is a strong offer
DAYS ON MARKET
32 days
The average home goes pending in 42 days.
SALE-TO-LIST
98.7%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Dishwasher
Dryer
Electric cooktop
Electric oven
Electric water heater
Washer
Laundry closet
Wood flooring
Bedrooms
2 bedrooms (both on the main level)
Bathrooms
1 full bathroom
Kitchen
Electric cooktop
Electric oven
Dishwasher
Laundry & utility
Washer
Dryer
Laundry closet
Flooring
Wood flooring
Heating & cooling
Natural gas heating
Central air
Ceiling fan(s)
Exterior features
Deck
Rear porch
Fenced private yard
Back yard fencing
Home design
Site-built single-story home
One level
Parking
Driveway with gravel surface
Construction
Vinyl siding
Block foundation
Shingle roof
Built as site built
Utilities
Public water
Public sewer
HOA & community
No association
Electricity and solar
View estimated energy costs and solar savings for this home
Exceptionally Remodeled Capital Heights Ranch. New Roof, New Kitchen with Slab Granite Tops and Butcher Block Island, Brand New Cherry Red Cabinets and Pantry. New Stainless Steel Oven, Microwave and Refrigerator. Refinished Original Hardwoods Throughout Home, Windows Replaced, New Private Deck, Landscaped with New Raised Bed Planters, Fully Fenced Backyard on Rare Over-sized Lot. Prime Location just minutes to Downtown Raleigh, Person Street North and Glenwood South Districts.
TMLS #1962813
Oct 18, 2014
Listing Removed
—
Sep 21, 2014
Price Changed
$154,000
$181/sq ft
Aug 25, 2014
Price Changed
$164,900
$194/sq ft
Jul 31, 2014
Price Changed
$179,900
$211/sq ft
Jul 31, 2014
Listed
$175,000
$206/sq ft
TMLS #1802336
Dec 6, 2011
Listing Removed
—
Sep 15, 2011
Listed
$124,900
$147/sq ft
TMLS #1760546
Aug 11, 2011
Listing Removed
—
Dec 19, 2010
Listed
$149,900
$176/sq ft
TMLS #1711320
Dec 14, 2010
Listing Removed
—
Mar 3, 2010
Listed
$164,900
$194/sq ft
TMLS #839000
Jun 16, 2006
Listing Removed
—
Dec 22, 2005
Listed
$108,000
$127/sq ft
TMLS #773124
Jan 31, 2005
Listing Removed
—
Nov 11, 2004
Listed
$99,999
$118/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,503 (+0.4%)
$300,000 + $99,427
$399,427
2024
$3,489 (+20.6%)
$300,000 + $99,427
$399,427
2023
$2,892 (+7.6%)
$300,000 + $99,427
$399,427
2022
$2,688 (+4.0%)
$180,000 + $83,515
$263,515
2021
$2,584 (+1.8%)
$180,000 + $83,515
$263,515
2020
$2,537 (+33.2%)
$180,000 + $83,515
$263,515
2019
$1,905 (+6.0%)
$180,000 + $83,515
$263,515
2018
$1,797 (+5.0%)
$108,000 + $54,681
$162,681
2017
$1,712 (+2.1%)
$108,000 + $54,681
$162,681
2016
$1,677 (+49.5%)
$108,000 + $54,681
$162,681
2015
$1,122 (+5.4%)
$108,000 + $54,681
$162,681
2014
$1,065 (+6.9%)
$60,000 + $46,467
$106,467
2013
$996
$60,000 + $46,467
$106,467
2012
$996 (+1.0%)
$60,000 + $46,467
$106,467
2011
$986
$60,000 + $46,467
$106,467
Public record
Public record
Zoning
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
9,148 Sq. Ft.
Year renovated
1970
Finished Sq. Ft.
862
Unfinished Sq. Ft.
—
Total Sq. Ft.
862
Year built
1951
Style
Single Family Residential
County
Wake County
APN
1714.17 21 2876 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
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
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, 17 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
79/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 718 Penn Rd
$422,784
$2,216 under list price of $425K
Nearby comparable homes
The Redfin Estimate uses 4 recent nearby sales, priced between $325K to $601K.