109 Plainview Avenue, Raleigh, NC 27604

This 0.21-acre lot in Raleigh's Belvidere Park is fully cleared and shovel-ready just 1.5 miles from downtown. The former home has been demolished, trees and stumps removed, and tree protection areas established, with ~$35,000 invested in site preparation and improvements to save the buyer time and expense. Utilities (water, sewer, electric) are already connected from the prior home. With R-10 zoning and no infill requirements confirmed by the City of Raleigh, buyers have broad design flexibility (no final house plans have been submitted). Surrounded by new construction and high-end renovations, the area's recent sales support strong resale potential—premium builds nearby have closed in the low- to mid-$400s per sq ft (e.g., ~3,011-sf at ~$434/sf on Watkins; 2,719-sf at ~$414/sf on Midwood), with same-street sales at $410-$439/sf. With estimated build costs around $200/sf, a custom build here can create meaningful ''build vs. buy'' savings versus purchasing existing new construction. … read more …