20 hours on Rocket
#10110222, Natalee Choby, Listing office: Rich Realty Group
Property details
About 2040 Milburnie Rd
LOCATION, LOCATION, LOCATION; Great corner lot convenient to downtown Raleigh at the intersection of North Raleigh Blvd and Milburnie Road; Outstanding Investment Opportunity; Property Zoned R6 at .7 Acres with the option to pursue multiple build scenarios via subdividing the lot and building single-family, townhomes or duplexes which has to be approved by the Raleigh Planning Department; Raleigh Planning indicates they are receptive to more dense building and possible rezoning based on the new owner interest, again subject to the Raleigh Planning Department Approval: Owner plans to have existing home moved from the lot prior to closing however may be willing to include the home in the sale as-is to the buyer if not able to get it moved in sufficient time. There is a vacant attached lot to our listing on Colleton. If you are able to convince that owner to sell along with buying our property would provide sizeable area on that corner to make a development impact. All Offers presented to Seller!
Highlights
Home typeUnimproved Land
StatusActive
Lot size0.7 Acres
MLS #10105366
Summary
- List Price: $1,300,000
- Annual Tax Amount: $3,106
- Tax Year: 2024
- Directions: From RDU, go I-40E, Exit 289 Wade Ave, to I-440 and Hwy 1 North, Right Turn Wake Forest Road, Left Turn Brookside Drive, Left Turn Glascock St, Right Turn North Raleigh Blvd, Left Turn Milburnie Road, property on your right.
- Lot Size: 0.7 Acres
- MLS Number: 10105366
- MLS Name: Doorify MLS
- Office Name: The Equity Group
- Office Phone: (919) 225-4889
- Listing Agent: Ron Cooper
Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.
Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/19/2025, 7:40:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $355,384 | $3,106 |
| 2023 | $247,578 | $2,718 |
| 2022 | $247,578 | $2,526 |
| 2021 | $247,578 | $2,428 |
| 2020 | $247,578 | $2,384 |
| 2019 | $120,803 | $1,339 |
| 2018 | $120,803 | $1,276 |
History based on county public records data.
Nearby schools
5
Powell Magnet Elementary School
Public Magnet PK-5
0.8 mi
•1130 Marlborough Rd
4
Poe Magnet Elementary School
Public Magnet PK-5
1.1 mi
•400 Peyton St
5
Hunter Magnet Elementary School
Public Magnet PK-5
1.1 mi
•1018 E Davie St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,083. Typical income of Raleigh, NC residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
26%
<35k
59%
35k-100k
15%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
44%
Single, No Kids
16%
Single, with Kids
25%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
46%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Soccer
College Basketball
Where do the neighbors shop?
Books-a-Million
Burlington
Dillards
Where do the neighbors go to eat?
Church's Chicken
Wingstop
Logan's Roadhouse
What do the neighbors drive?
Toyota
Nissan
Hyundai
What do the neighbors listen to?
Adult Hits
Christian Adult Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2040 Milburnie Rd
The listing price of 2040 Milburnie Rd property is $1,300,000.
The property 2040 Milburnie Rd is land located in Raleigh, North Carolina, 27610.
Active Listing: 2040 Milburnie Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2040 Milburnie Rd are: Powell Magnet Elementary School (GreatSchools Rating 5/10), Poe Magnet Elementary School (GreatSchools Rating 4/10), Hunter Magnet Elementary School (GreatSchools Rating 5/10), Ligon Magnet Middle School (GreatSchools Rating 5/10), Moore Square Magnet Middle School (GreatSchools Rating 6/10), The Exploris School (GreatSchools Rating 5/10), Phillips High School (GreatSchools Rating 2/10), Enloe Magnet High School (GreatSchools Rating 8/10), Wake Young Men's Leadership Academy (GreatSchools Rating 10/10).
According to the records, the last property tax for 2024 is $3,106 (source: MLS/based on county public records data).
The property 2040 Milburnie Rd is 0.7 acres.
This home is located at 2040 Milburnie Rd in Raleigh, NC and zip code 27610 in the Inside the Beltline neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 26, 2025 and is currently priced at $1,300,000.
Over 121 listings were sold over their listed price in June 2025 in Raleigh, NC. In the same period over 299 listings were sold below the listed price and 126 listings were sold for the listed price. In June 2025 in Raleigh, NC there were 2.3% more homes for sale than in May. The median list price of listings available in June 2025 was $458,689, while the average time on the real estate market was 31 days.
From Rocket Homes Real Estate and based on county public records data.