The property at 7200 Norton Ln in Raleigh, NC, built in 1975, is a 1,550 sqft single-family home with 3 beds and 2.5 baths. While specific sales history for all properties on Norton Ln isn't in this data, we can look at the recent valuation and tax history for this specific address, which gives us a great look at market trends in this stable pocket of North Raleigh.
Its estimated Zillow value has seen significant appreciation, jumping from around $151k in early 2016 to the current $308,100. The current tax assessed value is $294,907, with an annual tax of $2,592.
Here's a snapshot of the valuation history for this home:
| Timeframe | Estimated Value | Annual Taxes Paid |
|---|---|---|
| Early 2016 | $151,000 | $1,700 (approx) |
| Mid 2019 | $182,000 | $1,850 (approx) |
| Early 2022 | $235,000 | $2,370 (approx) |
| Late 2023 | $305,000 | $2,540 (approx) |
| Latest Value | $308,100 | $2,592 |
The neighborhood assessment suggests these 1970s homes on half-acre lots are stable, with values clustering in the low to mid-$300Ks, making this a good area for a long-term hold.