Update: This property is available at the Wake County Courthouse for upset bid. Bid period ends Wednesday Nov 19th. Current list price represents amount required for a new bid.
25SP001816-910
This large brick ranch in Raleigh's Lockwood neighborhood is being sold by court order. The house would need extensive work to become habitable. The seller will not turn on any utilities.
This is a .34 acre corner lot in a great ITB neighborhood with plenty of new construction. 2479 Milburnie Rd is zoned R6 and meets the minimum requirements for overall size and road frontage in order to be subdivided into 2 lots. Existing infrastructure includes new sidewalks with improved crosswalks and protected bike lanes. The City has also created stormwater improvements on this lot, so many potential costs of development have already been paid and implemented.
This is a court-ordered sale and the contract is subject to the 10-day upset bid process at the courthouse. The seller (Commissioner) has never lived in the house and makes no representations as to the condition of the property. This is a completely as-is sale and the seller will not renegotiate repairs or financial concessions.
