1420 Park Drive
Raleigh, NC, 27605 $ 699,000
Bedrooms3 Baths2.0 Sq 1,355 Monthly Estimate*
$ 4,828
for $699,000 with 3 bedrooms and 2 full baths. This 1,355 square foot home was built in 1938 on a lot size of 0.19.
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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FeaturesGeneralSewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Roof Shingle
Zoning R-6
Garage Spaces 1
Architectural Style Ranch
Construction Materials Brick
Year Built 1938
Stories Count 1
Levels Three Or More
Property Subtype Single Family Residence
County Wake
New Construction false
Property Type Residential
HOA false
Attached Garage true
Subdivision Name Forest Park
Garage Y/N true
Total Rooms 6
Full Baths 2
Status Active
Directions From 440 : Take the US 401 S/ Capital Blvd Exit toward downtown. Turn right on W. Johnson St. Turn left on W Park Dr. Turn right on Park Dr.
High School Wake - Needham Broughton High
City Raleigh
Senior Community Y/N false
Open Parking Spaces 1
Lot Size Units Acres
Lot Size Square Feet 8276
Elementary School Wake - Wiley Elementary
Tax Annual Amount 6363.34
Middle/Junior High School Wake - Oberlin Middle
Structure Type Site Built
Standard Status Active
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InteriorBasement Unfinished
Flooring Hardwood Tile Vinyl
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 1355
Half Baths 0
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 2
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ExteriorWater Source Public
Lot Size Area 0.19
Foundation Details Brick/Mortar
Building Area Total 1355
Lot Size Acres 0.19
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* Excluded FeaturesList ByDerek PruittListing Agent
Dallas Pearce RealtyBroker
derek@dallaspearcerealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,828
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Raleigh, NC
Average List Price $984,964
Percent of Sale Price 41%
About Raleigh, NC 449,258 Population
53% Since 2002
$ 61,541 Median Income
35.12 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Wake - Needham Broughton High High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/10/2026 | $699,000 | -9.81% | Price Down |
| 9/2/2026 | $775,000 | | Listed Price |