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Raleigh, NC, 27605
$699,000
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ZERO Closing Costs covers origination $1,300, appraisal $500, title & settlement $1,046, owner’s title insurance $1,563, credit, flood & data fees $160 and lower government recording fees & taxes $90, priced for Wake, NC with 20% down. The Realty Purchase Credit is 0.5% of the price when you buy with a CapCenter REALTOR® and finance with us, up to 3% of the price less $5,000. The 1% List fee applies when you buy and sell with us within a year (1.5% to list only, $3,000 minimum), compared with a typical 3%. Restrictions apply.
Hope Foster, REALTOR®
Your CapCenter agent · 757-274-1537
Questions? Call (804) 648-4357
Located in one of Raleigh's most desirable Inside-the-Beltline locations, 1420 Park Drive offers a unique opportunity for renovation, investment, or potential redevelopment. The existing brick home, built in 1938, provides a starting point for those looking to reimagine a property in an established neighborhood convenient to Downtown Raleigh, the Village District, NC State, Glenwood South, and nearby parks, dining, shopping, and schools. Beyond the main living area, the property offers valuable additional space with an unfinished basement and unfinished storage areas, providing flexibility for renovation, storage, workshop space, or other potential uses. Whether restoring and updating the existing home or exploring a larger redevelopment vision, the property's location and surrounding neighborhood make this an opportunity worth considering. Property is being offered with renovation and redevelopment potential in mind. Buyers are encouraged to consult with the City of Raleigh Planning and Development Department and review the applicable Unified Development Ordinance (UDO), zoning, historic district requirements, setbacks, and other regulations to independently determine what renovations, additions, redevelopment, or other uses may be permitted. Due to estate settlement purposes closing will likely need to occur in early to mid December.
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Realty Agent
Listing Details
Listed by: Derek Pruitt, Dallas Pearce Realty · derek@dallaspearcerealty.com
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Information not guaranteed. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. © 2026 Triangle MLS, Inc. of North Carolina. All rights reserved. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
