This property offers a unique opportunity where you can buy a home and have a buildable lot subdivided for another homesite. Currently the property is double fronted on an adjacent street offering the possibility of subdividing a lot on that street. The City of Raleigh has confirmed that this is possible but would need to be approved by survey via the city. Also it could be a great site for complete redevelopment for new residential homes. .60 Acre lot with large back yard that wraps around the house next door. Great opportunity to reside inside the beltline of Raleigh. University Park is a great walkable neighborhood, with Cameron Village only about a mile away.
Sold for $1,050,000 on 04/19/24
$1,050,000
518 Dixie Trl, Raleigh, NC 27607
3beds
1,907sqft
Single Family Residence, Residential
Built in 1939
0.6 Acres Lot
$1,001,000 Zestimate®
$551/sqft
$2,618 Estimated rent
Home value
$1,001,000
$931,000 - $1.08M
$2,618/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 12:08am
Listed by:
Pam Kitto 919-413-1529,
Coldwell Banker HPW,
J.W. Shearin 919-819-1481,
Coldwell Banker HPW
Bought with:
George Huntley, 196805
Huntley Realty
Source: Doorify MLS,MLS#: 10009692
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, In Basement, Washer Hookup
Features
- Bathtub/Shower Combination, Ceiling Fan(s), Laminate Counters, Master Downstairs, Storage
- Flooring: Hardwood
- Basement: Crawl Space, Partial, Unfinished
- Number of fireplaces: 1
- Fireplace features: Living Room, Masonry, See Remarks
Interior area
- Total structure area: 1,907
- Total interior livable area: 1,907 sqft
- Finished area above ground: 1,907
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Basement, Garage, Garage Faces Rear, Parking Pad, Paved
- Attached garage spaces: 1
- Uncovered spaces: 1
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Deck, Patio
- Exterior features: Rain Gutters
- Fencing: Back Yard, Chain Link, Partial
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.60 Acres
- Features: Back Yard, Front Yard, Near Public Transit
Details
- Parcel number: 0052102
- Zoning: R-6
- Special conditions: Notice Of Default
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence, Residential
Materials
- Brick
- Roof: Shingle
Condition
- New construction: No
- Year built: 1939
- Major remodel year: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Sidewalks, Street Lights
Location
- Region: Raleigh
- Subdivision: University Park
Other
Other facts
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 4/19/2024 | Sold | $1,050,000$551/sqft |
Source:  Doorify MLS #10009692 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,125 +0.4% | $700,031 |
| 2024 | $6,100 +21.5% | $700,031 +52.6% |
| 2023 | $5,021 +7.6% | $458,805 |
Find assessor info on the county website
Neighborhood: Wade
Nearby schools
GreatSchools rating
- 6/10Olds ElementaryGrades: PK-5Distance: 0.3 mi
- 6/10Martin MiddleGrades: 6-8Distance: 1.1 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Wake - Olds
- Middle: Wake - Martin
- High: Wake - Broughton
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,001,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,001,000