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1250 New Bern Ave, Raleigh, NC, 27610

$1,490,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath
924 SqFt
$1,613/SqFt
House

Location

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1250 New Bern Ave, Raleigh$1,490,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete
Year Built1940
HeatingHeat Pump
CoolingElectric, Heat Pump
MLS #10067846
StatusActive

About 1250 New Bern Ave

Seize this rare chance to own not one but two adjacent parcels of prime real estate being sold together. 1246 and 1250 New Bern Avenue represent a compelling opportunity to capitalize on Raleigh's growth trajectory and urban development trends. With its strategic location, strong market fundamentals, and zoning potential, this property is ideal for investors or developers seeking to create a high-yield, future-forward project. Property Highlights: Location: Strategically positioned on a high-traffic corridor, with excellent visibility and easy access to public transit, downtown amenities, and major highways. RX-3 Zoning: Ideal for combining retail, office and residential space (confirm zoning with city guidelines). Lot Size: Combined, the two lots span .29 acres with a 3 story building height capacity, offering ample space for creative development. Neighborhood Growth: Situated in an area poised for transformation, this property is surrounded by recent and upcoming developments, making it an excellent investment opportunity in an emerging market. Why This Property? Whether you're looking to create modern multifamily housing, retail spaces, or a mixed-use community hub, this location offers a blank canvas for your vision. Its proximity to Raleigh's thriving downtown, universities, hospitals, and employment hubs makes it highly desirable for future residents or tenants. Conceptual sketches available upon request. Key Benefits: Rising Property Values: Take advantage of the upward trend in property values in this area. High Visibility: Benefit from daily exposure to thousands of potential clients, residents, or customers passing along New Bern Avenue. Proximity to Amenities: Close to shopping, dining, healthcare, and cultural hotspots. Don't miss out on this incredible opportunity to invest in one of Raleigh's most promising neighborhoods!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1940
  • Living Area: 924 SqFt

Listing Office:

  • Office Name: Offerpad Brokerage LLC
  • Office Phone: (704) 800-0380
  • Listing Agent: Dawn Danielle Shephard

Interior Features

Interior Information:

  • Flooring Type: Combination

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Concrete

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Electric, Heat Pump

Other

Directions Information:

  • Directions: From Downtown Raleigh Take New Bern Avenue East Property will be on the right side

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,490,000
  • Price Per SqFt: $1,613/SqFt

Tax Information:

  • Annual Amount: $2,192
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Raleigh, NC.

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Raleigh, NC

City

Med. Sold Price

$448.4K

Med. Price/SqFt

$234

Avg. Days On Market

42

# of Sold Homes

425

1250 New Bern Ave vs Raleigh

1 DAY ON ROCKET

-41 Days

$1,490,000

+$1.0M More

$1,613/SqFt

+$1.3K More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $1.3K/SqFt more than other homes in Raleigh, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Doorify MLS
  • MLS Number: #10067846

Listing Office:

  • Office Name: Offerpad Brokerage LLC
  • Office Phone: (704) 800-0380
  • Listing Agent: Dawn Danielle Shephard

IDX Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/20/2024, 6:21:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 26, 2017Home Sold
$190,000
Nov 06, 2012Home Sold
$43,700
Jun 30, 2008Home Sold
$157,000
Feb 23, 2007Home Sold
$64,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,192$223,241
2020$2,152$223,241
2019$1,716$155,310
2018$1,636$155,310

History based on county public records data.

Payment Calculator

$7,504

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,534

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-445665
3
/10

  • Hunter Magnet Elementary School

  • 1018 E Davie St

  • 0.39 miles

  • Public Magnet Grades PK-5

school-card-donut-445666
6
/10

  • Poe Magnet Elementary School

  • 400 Peyton St

  • 0.86 miles

  • Public Magnet Grades PK-5

school-card-donut-445667
4
/10

  • Southeast Raleigh Elementary School

  • 1436 Rock Quarry Rd

  • 1.31 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,024. The majority of Raleigh, NC residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1250 New Bern Ave

What is the listing price of this property?

The listing price of 1250 New Bern Ave property is $1,490,000.

What type of property is this?

The property 1250 New Bern Ave is a house located in Raleigh, North Carolina, 27610.

Is this property for sale now?

Active Listing: 1250 New Bern Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,192 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 26, 2017 for $190,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1250 New Bern Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1250 New Bern Ave is 924 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1250 New Bern Ave is 1940.

Rocket Homes›North Carolina›Wake County›Raleigh›27610›1250 New Bern Ave

This home is located at 1250 New Bern Ave in Raleigh, NC and zip code 27610 in the Inside the Beltline neighborhood. This 924 square foot home was built in 1940. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $1,490,000.

In November 2024, from all listings sold in Raleigh, NC there were more than 67 sold above asking price, over 257 sold below and more than 101 were sold right at the asked price. The number of homes for sale in Raleigh, NC decreased by 9.7% between October 2024 and November 2024. While the average time on the market in November 2024 was 42 days, the median list price was $448,424.

From Rocket Homes Real Estate and based on county public records data.

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