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7205 Penny Rd, Raleigh, NC, 27606

$750,000

Home List Price

$8,906*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
2,814 SqFt
$267/SqFt
House

Location

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7205 Penny Rd, Raleigh$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built1988
HeatingHeat Pump, Natural Gas
CoolingCentral Air
MLS #10063672
Lot Size2.34 Acres
StatusActive

About 7205 Penny Rd

Welcome HOME to Your Serene Retreat! Discover tranquility in this All-brick home that is nestled on over 2 acres just off Penny Road. The foyer welcomes you in, and this timeless floorplan has it all. Just off the Foyer you will find a spacious office. The Family Room is the heart of this home and has a Farmhouse feel with exposed beams and windows that let tons of natural light stream in. The Family Room is just off the kitchen and the Breakfast Nook for ease of entertaining. Tons of storage in the kitchen and the kitchen flows into your Formal Dining Room. Gleaming Hardwood floors in all living areas and tile in the Kitchen. Upstairs boasts Four bedrooms and two full bathrooms. Additional set of stairs off Kitchen leads to the Oversized Bonus Room. One of the BEST parts of this home is the Sunroom just off the Kitchen. It is the PERFECT place to start your day with your coffee or to read a book. Large Entertaining Patio is perfect for outdoor grill parties! Expansive 2.34 Lot is partially wooded and is a retreat at the end of the day. Gazebo with covered swing and a Tree House. 1093 sq ft Unfinished Walk up Attic for storage or future expansion! Two Car Garage and extended driveway. Located just minutes from everything-Shopping, Dining, Doctors and Highway Access!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1988
  • Living Area: 2,814 SqFt

Listing Office:

  • Office Name: Sold By Summer Real Estate
  • Office Phone: (919) 614-2538
  • Listing Agent: Summer L Bowen-Adams

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Tile, Wood

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 2.34 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 401S to Right on Ten Ten Rd. Right onto Blaney Franks. Left onto Penny. House is on the Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $267/SqFt

Tax Information:

  • Annual Amount: $3,203
  • 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

$442.3K

Med. Price/SqFt

$233

Avg. Days On Market

36

# of Sold Homes

467

7205 Penny Rd vs Raleigh

1 DAY ON ROCKET

-35 Days

$750,000

+$307.6K More

$267/SqFt

+$33 More

KEY TAKEAWAY

This property is $307.6K more than the Median Sold Price and $33/SqFt more 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: #10063672

Listing Office:

  • Office Name: Sold By Summer Real Estate
  • Office Phone: (919) 614-2538
  • Listing Agent: Summer L Bowen-Adams

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: 11/17/2024, 7:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 01, 2013Home Sold
$220,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,203$452,956
2020$3,149$452,956
2019$2,811$372,066
2018$2,665$372,066

History based on county public records data.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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-524636
6
/10

  • Middle Creek Elementary School

  • 110 Middle Creek Park Ave

  • 2.49 miles

  • Public District Grades PK-5

school-card-donut-524637
5
/10

  • Yates Mill Elementary School

  • 5993 Yates Mill Pond Rd

  • 2.87 miles

  • Public District Grades PK-5

school-card-donut-524638
6
/10

  • West Lake Elementary School

  • 4500 W Lake Rd

  • 3.02 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 $112,255. Residents of Raleigh, NC typically earn between $100k-200k each year. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7205 Penny Rd

What is the listing price of this property?

The listing price of 7205 Penny Rd property is $750,000.

What type of property is this?

The property 7205 Penny Rd is a house located in Raleigh, North Carolina, 27606.

Is this property for sale now?

Active Listing: 7205 Penny 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 $3,203 (source: MLS/based on county public records data).

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

The last sale was on August 1, 2013 for $220,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7205 Penny Rd has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 7205 Penny Rd is 2,814 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7205 Penny Rd is 1988.

Rocket Homes›North Carolina›Wake County›Raleigh›27606›7205 Penny Rd

This home is located at 7205 Penny Rd in Raleigh, NC and zip code 27606 in the Spring Meadows neighborhood. This 2,814 square foot home, which was built in 1988, sits on a 2.34 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $750,000.

While more than 94 listings in Raleigh, NC in October 2024 were sold above asking price, there were more than 103 listings sold at asking price, and more than 270 were sold below. The inventory of homes for sale in Raleigh, NC between September 2024 and October 2024 increased by 2.3%. In October 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $442,333.

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

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