Prime Development Opportunity in the Heart of Raleigh! Unmatched potential awaits at 517 Buck Jones Road, featuring an already approved Administrative Site Review (ASR) for a 64-unit multifamily development. Alternatively, the property allows for a transition to a 54-unit townhome community with a minor modification to the existing plan—an option that aligns with the growing demand for flexible housing solutions. Situated in a highly sought-after location, this property offers exceptional accessibility—just 5 minutes to I-440, I-40, Fenton, NC State University, Downtown Cary, and the State Fairgrounds. Its prime position at the nexus of Raleigh's growth makes it an unparalleled investment opportunity in one of the fastest-growing markets in the Triangle. Whether you envision building modern multifamily units or a vibrant townhome community, this site provides the canvas for your development goals. The existing ASR approval and its strategic location reduce development hurdles, giving you a head start on a high-impact project. Seize this rare opportunity to bring your vision to life and shape Raleigh's booming real estate landscape. ***Please submit all Highest and Best Offer by 12/20/24 by 5PM***
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Preferred Realty
Office Phone: (919) 471-8000
Listing Agent: Charles Santos
Exterior Features
Exterior Information:
View: Neighborhood, Pond, Trees/Woods
Lot Features
Lot Information:
Lot Size: 4.84 Acres
Other
Directions Information:
Directions: From Crossroads area, turn right onto Buck Jones. Pass 1st roundabout and continue straight. Property is on the right opposite all Saints Orthodox Church. Driveway is immediately past the black mailbox. Note it is an awkward feeling turn.
Price Information
Listing Price Info
Price Summary:
List Price: $3,338,900
Tax Information:
Annual Amount: $3,502
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Raleigh, NC.
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: 12/17/2024, 10:22:23 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
YEAR
PROP. TAX
ASSESSMENT
2021
$3,502
$357,889
2020
$3,438
$357,889
2019
$3,210
$292,044
2018
$3,058
$292,044
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Dillard Drive Elementary School
5018 Dillard Dr
Distance between this listing and this school1.66 miles
Public District Grades PK-5
6
/10
Combs Magnet Elementary School
2001 Lorimer Rd
Distance between this listing and this school1.69 miles
Public Magnet Grades PK-5
6
/10
Adams Elementary School
805 Cary Towne Blvd
Distance between this listing and this school1.72 miles
Public District Grades PK-5
Nearby Schools
5
/10
Mount Vernon
5418 Chapel Hill Rd
Distance between this listing and this school1.24 miles
Public District Grades KG-8
3
/10
Dillard Drive Magnet Middle School
5200 Dillard Dr
Distance between this listing and this school1.63 miles
Public District Grades 6-8
4
/10
East Cary Magnet Middle School
1111 SE Maynard Rd
Distance between this listing and this school1.93 miles
Public District Grades 6-8
Nearby Schools
7
/10
Athens Drive Magnet High School
1420 Athens Dr
Distance between this listing and this school1.23 miles
Public Magnet Grades 9-12
2
/10
Score Academy
5651 Dillard Dr
Distance between this listing and this school1.49 miles
Public District Grades 9-12
8
/10
Crossroads Flex
5651 Dillard Dr
Distance between this listing and this school1.49 miles
The neighbors living near this home have an average income of $44,239. The majority of Raleigh, NC residents have income between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 517 Buck Jones Rd
What is the listing price of this property?
The listing price of 517 Buck Jones Rd property is $3,338,900.
What type of property is this?
The property 517 Buck Jones Rd is land located in Raleigh, North Carolina, 27606.
Is this property for sale now?
Active Listing: 517 Buck Jones Rd 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 $3,502 (source: MLS/based on county public records data).
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This home is located at 517 Buck Jones Rd in Raleigh, NC and zip code 27606 in the Roylene Acres neighborhood. This home sits on a 4.84 acre lot. It has been listed on Rocket Homes since December 14, 2024 and is currently priced at $3,338,900.
Over 67 listings were sold over their listed price in November 2024 in Raleigh, NC. In the same period over 257 listings were sold below the listed price and 101 listings were sold for the listed 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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