Raleigh  »  27605  »  University

117 Park Avenue, Raleigh, NC 27605

University, Wake
Building in University
2 Stories
Built in 1901
117 Park Avenue - Photo 1
117 Park Avenue, Apt B
University, Wake
$1,650
|
3 Bed
|
1 Bath
By Diane Murdock
Welcome to 117 Park Avenue, a building located in University, Wake in Raleigh, NC. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1901. There are a total of 2 floors. Finally, 117 Park Avenue was most recently sold on Jan 15, 2016 for $460,000. The market value for the land that the building sits on has been listed at $275,000. In addition, improvements upon the building have an added value of $320,621. In total, the total market value of the property as a whole is $595,621. According to local assessors, the total value of the building is currently valued at $595,621. Specifically, the value of the land that the property sits on has been assessed at $275,000. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. Are you a fan of fireplaces? Good news! This property has one single fireplace. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Policies
Dogs Allowed
Facts
General
Year Built
1901
Effective Year Built
1990
Total Rooms
13
Bedroom Count
0
Bathroom Plumbing Fixtures
10
Building Condition
Good
Building Quality
unknown
Construction Type
unknown
Building Style
Triplex
Exterior Walls Type
Alum/Vinyl siding
Interior Walls Type
unknown
Roof Shape Type
Hip
Roof Cover Type
unknown
Floor Count
2
Living Units
3
Floor Cover
unknown
Basement Type
Full basement
Basement Area
432
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
CAMERON PARK
Land Acres
0.15
Standard Land Use Code
Triplex (3 units, any combination)
County Land Use Code
unknown
Legal Description 1
117 PARK AVENUE
Ownership
Current Owner
OLAN CHENG
Current Owner's Name
QIAN CHENG
Current Owner 2
GUO LEI
Current Owner 2's Name
GUO LEI
Previous Owner
KOEHLER PETER M
Previous Owner's Name
KOEHLER PETER M
Previous Owner 2
KOEHLER LISELOTTE
Owner Address - City
RALEIGH
Owner Address - State
NC
Owner Address - ZIP Code
27605
Owner First Name
CHENG
Owner Last Name
QIAN
Second Owner First Name
LEI
Second Owner Last Name
GUO
Owner Before Previous Owner
DEATON STEPHEN M
Owner Before Previous Owner 2
DEATON GLADYS P
Is Owner Occupied
Owner-occupied property
Neighborhood
School District Name
Wake County Schools
Census Tract
051000
Census Block Code
1007
Census Group
1
Census Year
2018
Census - Combined Statistical Area - Area Code
450
Census - Combined Statistical Area - Area Name
Raleigh-Durham-Chapel Hill, NC
Census - County FIPS
37183
Census - Full FIPS
371830510001007
Census - Metro Micro Statistical Area - Area Code
39580
Census - Metro Micro Statistical Area - Area Name
Raleigh, NC
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3755000
Census Source
US Census Bureau
Census State FIPS
37
Census Tract Code
051000
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3704720
School District - Unified - Name
Wake County Schools
Zoning
Zoning
R-10
Geography
Account Number
0016470
District
01
Parcel
1703.05-19-4926 0016470
Lot Code
unknown
Municipality
RALEIGH
Latitude
35.7828
Longitude
-78.6581
FIPS
37183
Mailing Carrier Code
C004
Mailing Full Street Address
117 PARK AVE
Mailing House Number
117
Mailing Street Mode
AVE
Mailing Street
PARK
Mailing 4-Digit Zip Code
1953
Old APN
0016470
Geo Status Code
unknown
Valuation
Timestamp
2023-09-01 02:26:20
UCID Flag
C
More About The Building
In total, the building area is listed as 3,312 square feet. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 117 Park Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the University area have a median price of $2,375. Those in the 25th percentile, have a price around $1,815. While those in the 75th percentile, have a price around $2,700. Typically, the buildings in this area have a median sqft of 1,165. That means that the median price per sqft is around $2. In other words, the price per sqft for buildings in the 25th percentile is $2. While the price per sqft for buildings in the 75th percentile is $2. As a breakdown, we've included the following stats:

  • There is currently one advertised studio listing.
  • There are currently a total of 8 one bedroom listings. The median price for these types of listings is $1,625. That's $2.54 price per sqft.

  • There are currently a total of 18 two bedroom listings. The median price for these types of listings is $2,300. That's $2.04 price per sqft.

  • There are currently a total of 10 three bedroom listings. The median price for these types of listings is $2,725. That's $1.66 price per sqft.

  • There are currently a total of 3 four bedroom listings. The median price for these types of listings is $3,900. That's $1.74 price per sqft.
About The Area
117 Park Avenue is located in Wake County, North Carolina. There are 998,576 people living here. There are 373,245 households. Most of these households have an average family size of 3.17 people. According to the census, 37% are currently renting while 63% own their homes. The median age of this population is around 35.6 years old. On average, most folks in the county are married. About 16% of folks speak a language other than English in this area. The area's employment rate is currently around 66.7%. Speaking of employment, the median income is $70,620. Most folks will commute by car for around 24.5 minutes. Finally, we know that 16% of residents in the area have graduated with their high school degree. Additionally, 32% and 18% have their Bachelor's and Master's degree, respectfully.

Moving on to the urban area level. Raleigh, NC Urban Area has a population of 978,083 people. Based on census records, there are 366,968 registered households. Families in this area are on average made up of 3.17 people per household. Most folks are married. They are also typically around 35.4 years old. Does diversity matter to you? Right now, 16% of folks speak a language other than English here. About 37% rent while 63% purchased their homes. Right now, the community is made up of 16% of residents who have graduated with at least a high school degree. On top of that, 32% have a Bachelor's degree and 18% have a Master's degree. The employment rate is currently around 66.8%. Those employed, have a median income of $70,067.

-
Studio Median Rent
$1,625
1BR Median Rent
$2,300
2BR Median Rent
$2,725
3BR Median Rent
PUBLIC TRANSIT
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Nearby Schools

(within attendance boundary)
Wiley Elementary  •  4.98 mi
2600 Timber Drive, Garner, NC 27529
Public  •  Elementary  •  Grades KG to 5
Wake County Schools
Daniels Middle  •  2.14 mi
2816 Oberlin Rd, Raleigh, NC 27608
Public  •  Middle School  •  Grades 6 to 8
Wake County Schools
Needham Broughton High  •  0.6 mi
723 Saint Mary's St, Raleigh, NC 27605
Public  •  High School  •  Grades 9 to 12
Wake County Schools
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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