11 months on rocket

503-519 Sorrell St, Cary, NC, 27513

$4,000,000

2.75 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeUnimproved Land
MLS #2510957
Lot Size2.75 Acres
StatusActive

About 503-519 Sorrell St

URBAN INFILL DEVELOPMENT OPPORTUNITY IN DOWNTOWN CARY WITHIN THE TOWN CENTER AREA PLAN. MEDIUM DENSITY TOWN CENTER SUBDISTRICT LAND ASSEMBLAGE CONSISTING OF SEVEN CONTIGUOUS LOTS WITH 360+ FEET OF ROAD FRONTAGE! MAY YIELD UP TO 19 SINGLE-FAMILY HOMES, 21 TOWNHOUSES OR 60+ CONDO UNITS (SUBJECT TO DESIGN, SETBACKS, ZONING CONDITIONS, ETC.) SERIOUS INQUIRIES ONLY. LOTS ARE NOT FOR SALE INDIVIDUALLY. LISTING AGENT/FIRM IS HIGHLY EXPERIENCED WITHIN CARY DOWNTOWN'S REVITALIZATION OVER THE PAST 15+YRS, WITH OVER 30 SFH NEW BUILDS AND OTHER LAND DEVELOPMENT PROJECTS. BUILDER TEAMS WELCOME!

Property Details

Property Features

Listing Office:

  • Office Name: LPT Realty, LLC, LPT Realty, LLC.
  • Office Phone: (919) 467-0707, (877) 366-2213
  • Listing Agent: Keith M Bliss, Gioia Bliss

Lot Features

Lot Information:

  • Lot: Level, Sloped
  • Lot Size: 2.75 Acres

School Info

Assigned Schools Information:

  • Cary High School, Public District Grades 9-12
  • Wake Early College of Health and Science, Public District Grades 9-12
  • Reedy Creek Middle School, Public District Grades 6-8
  • Kingswood Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: FROM DOWNTOWN CARY PARK: NORTH ON ACADEMY STREET TO CHAPEL HILL RD. RIGHT ON CHAPEL HILL RD. LEFT ON SORRELL STREET. FROM I-40: CHAPEL HILL RD (HWY 54) EXIT, WEST TOWARD DOWNTOWN CARY. CROSS NE MAYNARD RD. RIGHT ON SORRELL STREET.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,000,000
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Housing Market Comparison

See how this home compares to others in Cary, NC.

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Cary, NC

City

Med. Sold Price

$585.5K

Med. Price/SqFt

$255

Avg. Days On Market

50

# of Sold Homes

161

503-519 Sorrell St vs Cary

347 DAYS ON ROCKET

+297 Days

$4,000,000

+$3.4M More

KEY TAKEAWAY

This property is $3.4M more than the Median Sold Price in Cary, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #2510957

Listing Office:

  • Office Name: LPT Realty, LLC, LPT Realty, LLC.
  • Office Phone: (919) 467-0707, (877) 366-2213
  • Listing Agent: Keith M Bliss, Gioia Bliss

IDX Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. 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: 4/27/2024, 2:20:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$20K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$12K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1304902
5
/10

  • Kingswood Elementary School

  • 200 E Johnson St

  • 0.26 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1304903
6
/10

  • Reedy Creek Middle School

  • 930 Reedy Creek Rd

  • 1.37 miles

  • Public District Grades 6-8

High School

school-card-donut-1304904
5
/10

  • Cary High School

  • 638 Walnut St

  • 1.54 miles

  • Public District Grades 9-12

school-card-donut-1304905
10
/10

  • Wake Early College of Health and Science

  • 2901 Holston Ln

  • 10.61 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,431. Typical income of Cary, NC residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503-519 Sorrell St

What is the listing price of this property?

The listing price of 503-519 Sorrell St property is $4,000,000.

What type of property is this?

The property 503-519 Sorrell St is land located in Cary, North Carolina, 27513.

Is this property for sale now?

Active Listing: 503-519 Sorrell St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 503-519 Sorrell St are:
Kingswood Elementary School: GreatSchools Rating 5/10
Reedy Creek Middle School: GreatSchools Rating 6/10
Cary High School: GreatSchools Rating 5/10
Wake Early College of Health and Science: GreatSchools Rating 10/10

How much acreage is this property?

The property 503-519 Sorrell St is 2.75 acres.
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Rocket Homes›North Carolina›Wake County›Cary›27513›503-519 Sorrell St

This home is located at 503-519 Sorrell St in Cary, NC and zip code 27513. This home sits on a 2.75 acre lot. It has been listed on Rocket Homes since May 16, 2023 and is currently priced at $4,000,000.

Over 72 listings were sold over their listed price in March 2024 in Cary, NC. In the same period over 52 listings were sold below the listed price and 37 listings were sold for the listed price. The number of listings in Cary, NC increased by 10.4% between February 2024 and March 2024. While the average time on the market in March 2024 was 50 days, the median list price was $585,538.

From Rocket Homes Real Estate and based on county public records data.

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