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About This Home

This 3-bedroom, 2-bathroom single family at 3103 N New Hope Road in Raleigh, NC is listed for $195,000 ($176 per sqft). Built in 1960, the home offers 1,108 sqft of living space on a 0.56 acres lot.

Agent Description

Attention investors, flippers, and builders--rare opportunity in Raleigh! Situated on over 0.56 acres at the corner of N. New Hope Rd and Haithcock, this property features a hard-to-find large lot in a prime in-town location, offering excellent potential for renovation, expansion, or new construction.

The existing home provides a value-add opportunity with multiple exit strategies: renovate and resell, hold as a rental, or rebuild. The kitchen has already been removed, saving on initial demo costs and allowing for a quicker start. Interior painting has begun, but the property will require a full renovation, including bathrooms, flooring, and HVAC (system disconnected; power currently off).

Being sold strictly as-is as part of an estate sale and subject to the upset bid process, with no representations. Buyers should perform all inspections and verify condition during due diligence. The level lot with mature oak trees adds character, privacy, and long-term value--an increasingly rare find in this area of Raleigh. Strong upside potential in a high-demand location--bring your vision and capitalize on the opportunity.

Key Features

  • Built in 1960
  • 0.56 acre lot
  • Fireplace

Property Details

1 story
2 full
1960

Amenities

FireplaceA/C

Monthly Cost Estimate

$1,043/mo

20% down · 6.5% · 30 years

Principal$141
Interest$845
Insurance$57

Estimates only. Actual payments may vary.

Location

3103 N New Hope Road

Raleigh, NC 27604

Kelly Heights

Features & Amenities

Interior Features

Ceiling Fan(s)

Property Details

Flooring

CarpetTile

Construction

Brick

Parking

Driveway

Heating

Forced Air

Cooling

Ceiling Fan(s)Central Air

Appliances

Electric Water Heater

Questions & Answers

This 3-bedroom, 2-bathroom single family at 3103 N New Hope Road is listed at $195,000 ($176/sqft). The estimated monthly payment is $845 based on 20% down at 6.5% interest.

Key features include: Built in 1960, 0.56 acre lot, Fireplace. Interior Features: Ceiling Fan(s).

This property is listed by Sherrie Smith and can be reached at 9199062595 or sherrie@sherriesmith.com.

SS

Sherrie Smith

Agent at NorthGroup Real Estate, Inc.

(919) 906-2595

Listed by NorthGroup Real Estate, Inc.

MLS# 10157893· Source: listhub· Updated 4 days ago

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3103 N New Hope Road, Raleigh, NC 27604

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