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    2 Ellen Dawson Way Raleigh, NC 27603

    For Sale
    $1,520,000

    LAND - Raleigh, NC

    Lot size:
    0.33 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 2 Ellen Dawson Way

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    PD
    APN
    1703210582
    Lot size
    0.33 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    CitySpace Management, LLC (919) 271-1021

    Listing agent Richard Johnson License #221471

    Listing date Nov 26, 2025

    MLS# 100529376 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Raleigh Land Package For Sale

    This property consists of a package sale of six subdivided lots within Caraleigh Commons phase 2. The phase 2 development has been approved and is in the process of being recorded. The included lots are 27, 52, 53, 54, 55, and 57 (lot 56 is not for sale). The location is approximately five minutes from Downtown Raleigh, the NC Farmers Market, and Dix Park, situated in the Downtown South District. The community offers rooftop decks with skyline views and adjacency to protected woodlands, with direct access to the greenway trail system. All lots are ready to build and include a water yoke, sewer tap, underground electric, underground cable, curb and gutter, driveway apron, and grading. Buyers have the option to use their own design or select from a portfolio of over 50 professionally designed home plans.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Gym & Fitness Daycare Center Skin Care Clinic Auto Repair Shop Wholesale Shop Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.656669
    Latitude
    35.760715

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    FAQs

    What type of property is this?
    Residential land & home lot - Six subdivided lots near Downtown Raleigh, ready to build.
    Where is this residential land & home lot located?
    The property is located at 2 Ellen Dawson Way Raleigh, NC.
    What is the asking price?
    The asking price for this property is $1,520,000.
    What are key features of this property?
    This property features: - Six subdivided, ready-to-build lots included.; - Prime location: just 5 minutes from Downtown Raleigh, NC Farmers Market, and Dix Park.; - Located in the rapidly developing Downtown South District.
    (919) 271-1021
    Request Owner's contact information
    2 Ellen Dawson Way Raleigh, NC 27603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Ellen Dawson Way Raleigh, NC 27603
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