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$1,195,000

Listing Price

2beds

1baths

1,708sqft

5,227sqft lot

516 W Peace St, Raleigh, NC 27603

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

699.65

Price / sqft

1940

Year built

Home Details

Rich in character and full of timeless appeal, this well-maintained 1908 home offers a rare combination of historic charm and modern updates in a prime location. Featuring 10' ceilings, gleaming hardwood floors, a spacious foyer and central hallway, this inviting home also includes a generous living room, and a bright eat-in kitchen. Two bedrooms and one full bath complete the thoughtfully designed floor plan. Enjoy relaxing on the welcoming wraparound front porch or take advantage of the large rear parking area with convenient side alley access to a quiet neighborhood street. The home is in very good condition and has been updated with a new HVAC system and a newer hot water heater, providing peace of mind while preserving its classic character. Currently zoned NX-3 for Neighborhood Business, this versatile property offers exceptional flexibility. Continue to enjoy it as a charming residence or explore the many possibilities for a neighborhood business. A unique opportunity to own a property with historic charm, modern conveniences, and outstanding potential. Price Reduction!

Interior Details

Square Feet
  • 1708

Bedrooms
  • 2

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Gas

Basement
  • Has Basement:

    No

  • Basement Type:

    No Basement

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 5227

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 1

Style
  • Conventional

Exterior
  • N/A

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$3,948

$394,116

$17,182

--%

$411,298

2020

$3,948

$509,633

$17,182

--%

$526,815

2019

$3,950

$234,627

$104,500

--%

$339,127

2018

$3,725

$234,627

$76,071

--%

$310,698

2017

$3,232

$234,627

$76,071

--%

$310,698

2015

$2,895

$188,172

$91,485

--%

$279,657

2014

$2,745

$188,172

$91,485

--%

$279,657

2013

$2,563

$188,172

$91,485

--%

$279,657

2012

$2,563

$188,172

$91,485

--%

$279,657

percent-home-icon

Average Home Price in 27603

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$1,030,000

4 Beds

2 Baths

1,886 Sqft

11,326 Lot (sqft)

Sold 10/05/2026

$1,195,000

2 Beds

1 Baths

1,708 Sqft

5,227 Lot (sqft)

Sold 10/05/2026

$997,999

3 Beds

4 Baths

1,950 Sqft

5,227 Lot (sqft)

Sold 10/05/2026

$599,000

2 Beds

3 Baths

1,612 Sqft

1,307 Lot (sqft)

Sold 09/29/2026

$850,000

-- Beds

1.5 Baths

1,839 Sqft

4,356 Lot (sqft)

Sold 10/06/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
1,195,000
$
Down payment
239,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
7,170
$
HOA (Monthly)
0
$
PMI
0
$
$7,735
Your Payment
Total Monthly Payment:$7,735
Percent of Income:133%
Affordable:No

Details for 516 W PEACE ST

Property Debt

Foreclosure Contact Details