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321 Martin Luther King Jr Blvd, Raleigh, NC, 27601

$300,000

Home List Price

$3,563*

Closing Credit

3 Bedrooms
1 Full Bath
1,400 SqFt
$214/SqFt
House

Location

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321 Martin Luther King Jr Blvd, Raleigh$300,000

Buyer Closing Credits

$3,563*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Off Street
Year Built1940
HeatingCentral
CoolingOther
ViewCity, Downtown, Skyline
MLS #10060599
Lot Size0.14 Acres
StatusActive

About 321 Martin Luther King Jr Blvd

In this part of a growing city where land is a at premium, 321 Martin Luther King Jr. Blvd is a prime lot in the heart of Downtown Raleigh ready to be reimagined. This lot is a great fit for investors looking to make their mark downtown. Expand off of the existing footprint, or look to tear down add density to this sought-after location. Perfectly situated on an easily accessible road and only two blocks from John Chavis Memorial Park, less than a mile to the City Center and Red Hat Amphiteater and an even shorter stroll to other downtown dining and retail attractions. A golden opportunity to own a piece of the fabric of Downtown Raleigh. Home is unsafe to walk through - please use CAUTION.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1940
  • Living Area: 1,400 SqFt

Listing Office:

  • Office Name: Rich Realty Group
  • Office Phone: (919) 710-0256
  • Listing Agent: Ryan Daniel Sabatini

Interior Features

Interior Information:

  • Flooring Type: Carpet, Hardwood, Laminate

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: City, Downtown, Skyline
  • Exterior: Enclosed Porch

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Other

Other

Directions Information:

  • Directions: From Capital Blvd, exit Martin Luther King Jr. Blvd, take past Person St. - property will be on the left. Recommended to turn left on Person St. and drive around the block to turn right on Person St. and pull in that way.

Price Information

Listing Price Info

Price Summary:

  • List Price: $300,000
  • Price Per SqFt: $214/SqFt

Tax Information:

  • Annual Amount: $1,600
  • 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

321 Martin Luther King Jr Blvd vs Raleigh

35 DAYS ON ROCKET

-7 Days

$300,000

-$148.4K Less

$214/SqFt

-$20 Less

KEY TAKEAWAY

This property is $148.4K less than the Median Sold Price and $20/SqFt less than other homes in Raleigh, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10060599

Listing Office:

  • Office Name: Rich Realty Group
  • Office Phone: (919) 710-0256
  • Listing Agent: Ryan Daniel Sabatini

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: 12/3/2024, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,600$162,369
2020$1,570$162,369
2019$908$81,274
2018$866$81,274

History based on county public records data.

Payment Calculator

$1,565

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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NMLS#3030

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-3520496
4
/10

  • Washington Magnet Elementary School

  • 1000 Fayetteville St

  • 0.51 miles

  • Public Magnet Grades PK-5

school-card-donut-3520497
3
/10

  • Hunter Magnet Elementary School

  • 1018 E Davie St

  • 0.72 miles

  • Public Magnet Grades PK-5

school-card-donut-3520498
4
/10

  • Southeast Raleigh Elementary School

  • 1436 Rock Quarry Rd

  • 1.20 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 $18,243. The majority of Raleigh, NC residents have income less than $35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 321 Martin Luther King Jr Blvd

What is the listing price of this property?

The listing price of 321 Martin Luther King Jr Blvd property is $300,000.

What type of property is this?

The property 321 Martin Luther King Jr Blvd is a house located in Raleigh, North Carolina, 27601.

Is this property for sale now?

Active Listing: 321 Martin Luther King Jr Blvd 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 $1,600 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 321 Martin Luther King Jr Blvd has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 321 Martin Luther King Jr Blvd is 1,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 321 Martin Luther King Jr Blvd is 1940.

Rocket Homes›North Carolina›Wake County›Raleigh›27601›321 Martin Luther King Jr Blvd

This home is located at 321 Martin Luther King Jr Blvd in Raleigh, NC and zip code 27601 in the Inside the Beltline neighborhood. This 1,400 square foot home, which was built in 1940, sits on a 0.14 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $300,000.

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. The median list price of listings available in November 2024 was $448,424, while the average time on the real estate market was 42 days.

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

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