Here is a write up on the area around South Park. Feel free to give typo or other feedback!
https://www.whatisraleighbuilding.com/blog/south-park-area-2020
Anyone want to look up the before (if flipped) and after photos for the following homes? I do not have time. These are all of the properties sold in 2020
Site Address | City | Planning Jursidiction | Township | Year Built | Sale Price | Sale Date | Use Type | Design Style | Land Class |
---|---|---|---|---|---|---|---|---|---|
1109 GARNER RD | RALEIGH | RA | Raleigh | 1915 | 475000 | 12/23/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
813 MCMAKIN ST | RALEIGH | RA | Raleigh | 1990 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
816 MCMAKIN ST | RALEIGH | RA | Raleigh | 1990 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
817 MCMAKIN ST | RALEIGH | RA | Raleigh | 1990 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1405 TRAILSIDE DR | RALEIGH | RA | Raleigh | 1990 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
804 MCMAKIN ST | RALEIGH | RA | Raleigh | 1989 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
808 MCMAKIN ST | RALEIGH | RA | Raleigh | 1989 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1400 TRAILSIDE DR | RALEIGH | RA | Raleigh | 1989 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1404 TRAILSIDE DR | RALEIGH | RA | Raleigh | 1989 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1409 TRAILSIDE DR | RALEIGH | RA | Raleigh | 1989 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1308 HIGHCOURT DR | RALEIGH | RA | Raleigh | 1988 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1304 HIGHCOURT DR | RALEIGH | RA | Raleigh | 1988 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1300 HIGHCOURT DR | RALEIGH | RA | Raleigh | 1988 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1305 HIGHCOURT DR | RALEIGH | RA | Raleigh | 1988 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1301 HIGHCOURT DR | RALEIGH | RA | Raleigh | 1988 | 464500 | 12/18/2020 | FOURFAM | Conventional | Apartment |
1010 GREGG ST | RALEIGH | RA | Raleigh | 2017 | 437500 | 5/28/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1025 GREGG ST | RALEIGH | RA | Raleigh | 1981 | 435500 | 11/2/2020 | FOURFAM | Conventional | Residential Less Than 10 Acres |
1312 S EAST ST | RALEIGH | RA | Raleigh | 2017 | 420000 | 12/18/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
609 BRAGG ST | RALEIGH | RA | Raleigh | 2019 | 417500 | 1/14/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
315 BLEDSOE AVE | RALEIGH | RA | Raleigh | 1932 | 414500 | 8/31/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
529 BRAGG ST | RALEIGH | RA | Raleigh | 2019 | 410000 | 9/24/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1325 S EAST ST | RALEIGH | RA | Raleigh | 2017 | 407500 | 8/14/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
929 S EAST ST | RALEIGH | RA | Raleigh | 1959 | 395000 | 8/28/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
412 BRAGG ST | RALEIGH | RA | Raleigh | 2019 | 390000 | 11/30/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1308 S EAST ST | RALEIGH | RA | Raleigh | 2016 | 379000 | 5/7/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
205 BLEDSOE AVE | RALEIGH | RA | Raleigh | 2003 | 375000 | 6/12/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1133 S STATE ST | RALEIGH | RA | Raleigh | 2012 | 363000 | 11/10/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
920 DOROTHY SANDERS WAY | RALEIGH | RA | Raleigh | 2009 | 350000 | 1/10/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1111 GARNER RD | RALEIGH | RA | Raleigh | 1925 | 325000 | 11/3/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1433 GARNER RD | RALEIGH | RA | Raleigh | 2019 | 320000 | 6/12/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
211 BLEDSOE AVE | RALEIGH | RA | Raleigh | 1930 | 311500 | 9/29/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1411 GARNER RD | RALEIGH | RA | Raleigh | 1987 | 295000 | 3/10/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1109 S WILMINGTON ST | RALEIGH | RA | Raleigh | 1998 | 292000 | 9/18/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
805 BRAGG ST | RALEIGH | RA | Raleigh | 2016 | 265000 | 10/9/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
727 MCMAKIN ST | RALEIGH | RA | Raleigh | 1962 | 247000 | 12/18/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
915 S PERSON ST | RALEIGH | RA | Raleigh | 1914 | 231500 | 3/19/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
618 BRAGG ST | RALEIGH | RA | Raleigh | 1980 | 215000 | 1/10/2020 | TWOFAM | Conventional | Residential Less Than 10 Acres |
312 E LEE ST | RALEIGH | RA | Raleigh | 1920 | 215000 | 9/30/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
910 S EAST ST | RALEIGH | RA | RALEIGH | 1944 | 202000 | 9/3/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1933 BOAZ RD | RALEIGH | RA | Raleigh | 1959 | 201000 | 4/3/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1115 HOLMES ST | RALEIGH | RA | Raleigh | 1968 | 200000 | 7/24/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1206 MANGUM ST | RALEIGH | RA | Raleigh | 1948 | 195000 | 9/21/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1132 S BLOUNT ST | RALEIGH | RA | Raleigh | 1954 | 190000 | 8/12/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
514 MARTIN LUTHER KING JR BLVD | RALEIGH | RA | Raleigh | 1963 | 185500 | 7/29/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
401 TOP GREENE LN | RALEIGH | RA | Raleigh | 1990 | 185000 | 12/10/2020 | Townhouse | Townhouse | Residential Less Than 10 Acres |
1304 S STATE ST | RALEIGH | RA | Raleigh | 1983 | 182000 | 8/14/2020 | Condo | Condo | Condominium |
1912 BOAZ RD | RALEIGH | RA | Raleigh | 1959 | 182000 | 8/21/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1312 S STATE ST | RALEIGH | RA | Raleigh | 1983 | 181500 | 8/13/2020 | Condo | Condo | Condominium |
1304 S STATE ST | RALEIGH | RA | Raleigh | 1983 | 180000 | 6/26/2020 | Condo | Condo | Condominium |
1308 S STATE ST | RALEIGH | RA | Raleigh | 1983 | 172000 | 3/31/2020 | Condo | Condo | Condominium |
1308 S STATE ST | RALEIGH | RA | Raleigh | 1983 | 172000 | 2/28/2020 | Condo | Condo | Condominium |
1328 S STATE ST | RALEIGH | RA | Raleigh | 1983 | 169500 | 3/18/2020 | Condo | Condo | Condominium |
1115 S EAST ST | RALEIGH | RA | Raleigh | 1957 | 165000 | 9/10/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1108 S BLOUNT ST | RALEIGH | RA | Raleigh | 1935 | 165000 | 2/28/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
210 E LEE ST | RALEIGH | RA | Raleigh | 1925 | 160000 | 10/20/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1804 CHARLES ST | RALEIGH | RA | Raleigh | 1960 | 155000 | 2/14/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
1320 S STATE ST | RALEIGH | RA | Raleigh | 1983 | 154000 | 9/11/2020 | Condo | Condo | Condominium |
565 BRAGG ST | RALEIGH | RA | Raleigh | 1950 | 100000 | 4/1/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
309 BLEDSOE AVE | RALEIGH | RA | Raleigh | 1930 | 80000 | 7/7/2020 | SINGLFAM | Conventional | Residential Less Than 10 Acres |
Things have slowed down a TON in SP and Iâll tell you exactly why: the prices got ahead of the real on-the-ground value.
Iâm not talking about appraised or market property values, because in SP, those are insane. The neighborhood remains one of if not the least safe in the city limits. New builds from the 2017-2019 range, in particular the blue and grey âhipster hutsâ at the south end of Bloodworth, were apparently cheap and have not weathered well (what a shock, straight lines and flat roofs get stained in a humid environment, never heard of that before), and the newest builds from 2019 often sat vacant for a long period of time or did not sell at all and remain vacant. The market did not operate efficiently in the case of South Park and things have slowed way down for the time being.
Since the start of the year Iâve seen three houses start construction, all along Garner Rd. A fourth near the corner of Bragg and Blount may have started in January, or maybe December. Otherwise itâs been very slow. Pandemic has probably had an impact here, but not as much as the little mini-price-bubble.
If the Carolina Coach property ever gets off the ground I think that will turn things back on. But right now, I think too many buyers are looking at the neighborhood around the shiny new houses and realizing they could get something similar in a different neighborhood where they didnât feel like they werenât safe in their own homes. (This is not to say SP isnât safe, if you arenât involved in anything untoward (I mean, Iâve never had a problem), but it has a feel about it that probably doesnât seem warm and inviting to the majority of the people looking at half-million-dollar houses.)
Covid had an impact (lumber prices) and land values may gotten ahead of itself but I donât think Southpark is slowing down. Just a quick hand count will put SFH new built per year in 2021 above 2019 and 2020 (see pictures). Several flips going on as well.
Side note: Passage Home contact told me apartments at Garner/Bragg will start construction this summer.
Thanks for the update on the Passage Home development, Iâve been waiting for news on that great project! Very excited to see that derelict property rejuvenated.
We live across the street and saw some activity at the Passage Home site (Toulon Place) yesterday. Appeared that there were police officers scouting the place and then a few pickup trucks there for several hours. Weâre feeling optimistic about the development revitalizing the area!
I believe this is applicable to this thread:
https://go.boarddocs.com/nc/raleigh/Board.nsf/goto?open&id=BYHRQ76F0ECE
Strange, because they previously recommended approval, not recommending denial.
âDenial of the request is reasonable and in the public interest
because the request would have detrimental impacts to a
historically Black community, and would facilitate the replacement
of naturally recurring affordable housing with housing that is
incompatible with incomes in the neighborhood.â
Yet the rezoning would have significantly increased the amount of actual housing stock available in the neighborhood. This tension is clearly not going away anytime soon. History is cool, I support maintaining historic character, but weâre already wrecking it all over the place (especially in South Park) and Iâm not sure I see this as somehow worse than any of the development already occurring in South Park. I think itâs just that this is one project they could stop, so they did.
Interestingly, 513 S Bloodworth, the non-historic home, is a 3/2.5 built in 2000 and listed for rent for $1900/mo until they took the listing down about the time they filed this request. Thatâs not affordable housing, either. Only the duplex (507) is remotely affordable and it isnât family housing, since itâs a couple 1/1s for $800+ each. Unless the other houses are subdivided I donât think theyâve saved any ânaturally recurring affordable housing.â
I guess this logic stands but when I look at the zoning request:
Current zoning: Residential-10 (R-10), Office Mixed Use-3 stories-Detached (OX-3-DE), and Neighborhood Mixed Use-3 stories-Detached-Conditional Use (NX-3-DE-CU)
Requested zoning: Residential Mixed Use-3 stories-Urban Limited-Conditional Use (RX-3-UL-CU)
Itâs already zoned for luxury housing (what can be done today) and they feel bad approving it for just slightly less luxury housing. (want to do in the future)
This feels like a consistent pattern where the rezoning request is dependent on what the project is going to be. I wish there was a way to decouple the two. Thereâs a larger policy issue here that the city doesnât seem to tackle that well. (if at all)
I absolutely agree! For better or for worse, though, Raleigh doesnât seem to be the only city with this problem. New York historically used zoning as a way to expand/restrict parks or control the types of people living in specific neighborhoods, and zoning changes were treated as a proxy war for local debates over Chicagoâs Obama Presidential Center.
At this point, whatâs the point of zoning laws beyond a suggestion when big, out-of-town real estate investors can ask to rezone it to whatever they want (given that it fits one of the cityâs future plans)!? If Raleigh seriously wants to shape its city in a certain way:
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Shouldnât it be harder for developers to rezone places in the first place? After all, isnât the whole point of zoning laws to force land-owners including speculative developers to abide by specific guidelines?
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Why are rezoning cases always on a case-by-case basis? I get how thatâs useful for minor corrections (e.g. changing prohibited-use conditions or frontage), but shouldnât there be a pathway for large-scale rezoning thatâs tied with city plans like the Future Land Use Map?
IMO, we are caught between a narrative and reality. Not recommending approval is virtue signaling while not really making a difference. The owners of those properties have building rights under the UDO that donât require them to make any effort to provide workforce housing.
As for naturally occurring affordable housing, what does that really mean if we dissect that term a bit? Without being financially propped up, is NOAH really just housing that isnât feeling the pressure of market forces? If so, then in Raleigh, NOAH is highly fluid and is like chasing a whack-a-mole at the State Fair. In a market like Raleigh, what is affordable today isnât guaranteed to be tomorrow unless itâs artificially propped up or protected. If that happens, is it naturally occurring, or is just affordable housing that naturally occurred, and is then frozen in time?
Also, I suspect that affordable means different things to different people. Thereâs also a certain amount of gamification to it as well, as predicting where the market is going is often more important than understanding where it is today. I remember telling people back in the late 90s to buy in North Hills when it was âaffordableâ. Back when it was built, and for quite some time afterward, Northclift was a pretty affordable middle class neighborhood up Six Forks Rd. The modest sized homes stayed affordable for decades, but not now. https://www.fmrealty.com/homes-for-sale/205-Killington-Drive-Raleigh-NC-27609-308686323 is an example of what Iâm talking about. Less than 1400 ft2, and over 50 years old, this house is pending at a sales price that was right at 300K. Wanna bet that it sold over that price? These houses used to be reachable for modest earners.
Ten years ago, the initial market rumblings were happening east of downtown when folks started buying up older single family homes for just tens of thousands of dollars instead of in the hundreds of thousands today. What seems fairly certain is that whatâs affordable today near Raleighâs center is likely to become unaffordable tomorrow.
If Raleigh wants to expand affordable housing options, it better get in on the game and place its bets, but letâs not pretend that any of it will be naturally occurring, or remain naturally occurring against the market.
I just canât agree with you my boxing coach is black, and ima tell you this this area was already being gentrified before all this. Why were you concerned then? A little off topic here but the Downtown South area where the planned construction will be was already getting gentrified before that. Iâm sorry to say this, but my gloves are off you guys need to read this and respond, put your big boy pants up.
This same reason these NIMBYs and most people are worried about gentrification and black people being pushed out and why there for more affordable housing is because they donât want those same black people living in there neighborhoods. You guys need to start listening to black people. Raleigh needs to put its big boy pants up and becoming a better risk-taking big city.
Im sure thereâs more going on behind the scenes but it would be nice if the city made a bigger deal of the affordable housing efforts they have going on. Right now it seems like the rezoning process is the affordable housing process.
Well, youâre not disagreeing with me here, as Iâm only quoting the zoning councilâs recommendation. The subsequent paragraphs were my own. I live in a gentrifying area myself, probably should count myself the first gentry in my neighborhood, unfortunately (though I bought here several years before the sudden steep increases in both house prices and white folk around here).
But I also bought here because I needed a place I could afford that was close enough to work that I could commute without a carâin other words, I bought in an affordable housing neighborhood because as a member of the low-earning working class, I needed affordable housing. I would no longer be able to buy a house in this neighborhood. I canât even afford to refinance to cash out and make upgrades to this house because I wouldnât be able to cover my payments. Where are the neighborhoods now where someone like meâworking but earning well below the median income for the cityâwould be able to afford a home now? Much farther away from downtown for sure. Realtor.com has not a single place available inside the beltway at under $150k.
Leo makes a good point that it would be good to see the city make a big deal about whatever affordable housing efforts are ongoing, as from my perspective there arenât any. Seriously. The closest we get to any acutal affordable housing work is exactly what we see hereâvirtue signalling, as John said, that has no actual impact on affordable housing. It is well past clear that we are indeed past the point where any ânaturally-occuringâ affordable housing even exists, certainly in South Park, so the zoning decision in this case makes no sense. The idea behind itâprotect affordable housingâis a nice one, but the decision does nothing whatsoever about it. Indeed, Iâd suggest to the current owners of these parcels that they try to sell and move the historic homes anyway and build to the max the zoning will allow, as expensive as they want, because I want the people who think this kind of decision benefits anyone to see how wrong they are.
Itâs nice to see and hear changes coming to the Passage Home property, as that will be the only actual affordable housing left in this area. The city should be looking at what they can do to encourage means-tested below-median-income families being included in housing construction projects, rather than simply putting the kibosh on a luxury development because it might replaceâŚsomething thatâs already out of the price range of any working class families anyway.
There really is a marketing & awareness gap around the affordable housing work that happens. It feels invisible like you said but there are projects coming online every year. Those are generally tax credit apartments for rent, but they do accept section 8 which really opens access to lower incomes. For example in the area south of downtown Beacon Ridge opened last year with 120 affordable apartments https://dhic.org/properties/under-development/beacon/
The year before there was an affordable tax credit apartment built off Sunnybrook
https://www.sunnybrookpointeapts.com/brochure.aspx
, and the year before that Washington Terrace
was finished. Number wise, there may be more affordable units than expensive SFHs in Southeast ITB over the last three years.
There is also a program for first time home buys that helps with affordability and the College Park project. But, I never see numbers on how many people those help.
https://raleighnc.gov/Community/content/HousingNeighborhoods/Articles/Homeownership.html
Not saying it is enough to make up for general rising prices, but there are definitely things being done!
And, like all of the other affordable housing developments, this one is suburban in nature an auto-oriented. Where is this development? If itâs in a walkable location, then shame on them for wasting land. Iâve said it before and Iâll say it again, if we want to building auto-oriented developments, then put them in auto-oriented context.
It doesnât look like thereâs been any attempt to building pedestrian oriented affordable oriented developments in walkable locations. Iâd love to be proven wrong, but I have yet to see a real example. All of the best walkable locations are developed with parking and driving dominating the site plans.
Housing and Neighborhoods recently hired their first communications analyst to work on this gap. The numbers are indeed out there in documents like the Consolidated Plan (every 5 years), Annual Action Plan (what will be done in the next year) [the draft is out now for public comment], CAPER (what was done in the past year), etc. but they are usually lengthy documents [because they are for HUD] that are tougher for average joes to want to sift through.
You did a great job of finding programs the City is working on. One of the better kept secrets is the Cityâs own rental portfolio of around 200 homes. Another behind-the-scenes effort are all the dollars (especially now with the stimulus bills) that the City is shoveling to agencies working to keep renters in their units with rental assistance and rapid rehousing (think shelter- to hotel - to affordable rental/transitional unit). The rehab program (which also looks to preserve NOAH) has a long waiting list but the problem so far hasnât been funding, itâs been the lack of contractors willing to take on these jobs with the red hot construction market we have.
The single family homes in East College Park (around 96) are coming down the home stretch and the townhomes will begin soon both in ECP and across the street in the next phase of Washington Terrace built by DHIC and facilitated by the City. The remaining lots in Martin Haywood may resume soon. There hasnât been much acquisition in recent years as bond funding has dried up and prices have exploded, but the recently passed bond will provide an injection for this, particularly around transit nodes and corridors.
So true. Years ago when I lived in Greenville, SC. There was a small empty lot for years in the Neighborhood. A local developer wanted it rezoned for mixed use, and had plans for ground floor retails, with a couple floors of condos / housing over the top. NIMBYs got all up in arms about typcuial issues like traffic, and smell from the dumpster of some new restaurant. Developer ended up saying FU and built a single story branch bank and some fast casual restaurant, without needing rezoning. Was a rather plain, stale building.
7 posts were merged into an existing topic: Gentrification and Displacement
Donât you mean NIMBYs? Just validating.