2737 Banks Rd
Raleigh, NC 27603
3 bd 2 ba 1,589 sqft Built 1974 Lot 43,560 sqft single_family
Most recent sale
$241,000
May 26, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 27, 2022 | Price changed | $390,000 | MLS #2460574 |
| Aug 21, 2022 | Price changed | $400,000 | MLS #2460574 |
| Aug 10, 2022 | Price changed | $420,000 | MLS #2460574 |
| Jul 7, 2022 | Listed | $425,000 | MLS #2460574 |
| May 26, 2021 | Sold | $241,000 | Public Record |
| May 6, 2021 | Listed | $230,000 | MLS #2380382 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $267,522 | $100,000 | $367,522 | $2,370 |
| 2024 | $267,522 | $100,000 | $367,522 | $2,302 |
| 2023 | $135,703 | $48,000 | $183,703 | $1,843 |
| 2022 | $135,703 | $48,000 | $183,703 | $1,346 |
| 2021 | $135,703 | $48,000 | $183,703 | $1,311 |
| 2020 | $135,703 | $48,000 | $183,703 | $1,289 |
| 2019 | $101,661 | $40,500 | $142,161 | $1,181 |
| 2018 | $101,661 | $40,500 | $142,161 | $1,087 |
| 2017 | $101,661 | $40,500 | $142,161 | $1,031 |
| 2016 | $101,661 | $40,500 | $142,161 | $1,010 |
| 2015 | $104,575 | $40,000 | $144,575 | $1,024 |
| 2014 | $104,575 | $40,000 | $144,575 | $971 |
| 2013 | $104,575 | $40,000 | $144,575 | $908 |
| 2012 | $104,575 | $40,000 | $144,575 | $908 |
| 2011 | $104,575 | $40,000 | $144,575 | $908 |
| 2010 | $104,575 | $40,000 | $144,575 | $908 |
| 2009 | $104,575 | $40,000 | $144,575 | $908 |
| 2007 | $104,575 | $40,000 | $144,575 | $829 |
Property facts
Year built
1974
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,589 sqft
Lot size
43,560 sqft
ZIP code
27603
City
Raleigh
Street
Banks Rd
Coordinates
35.63662, -78.67944
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,145
Gross rental yield
10.68%
Implied cap rate
6.94%
Trend-extrapolated value
—
Frequently asked questions
When did 2737 Banks Rd last sell?
2737 Banks Rd most recently sold on May 26, 2021 for $241,000.
What is the current tax assessment for 2737 Banks Rd?
The most recent total assessment for 2737 Banks Rd (year 2025) is $367,522 with $2,370 in property tax.
How does 2737 Banks Rd's assessment compare to its last sale price?
The current assessment is 52.5% above the last sale price of $241,000.
When was 2737 Banks Rd built?
2737 Banks Rd was built in 1974.
How does 2737 Banks Rd compare to others on Banks Rd?
We track 8 other properties on Banks Rd. Browse the list under "Other properties on Banks Rd" to compare beds, baths, and sale history.
What are the property facts for 2737 Banks Rd?
2737 Banks Rd is a 3 bed, 2 bath, 1,589 sqft, 43,560 sqft lot single_family.
Is 2737 Banks Rd a flip candidate?
No — 2737 Banks Rd does not appear in our flips dataset.
Is 2737 Banks Rd a tax-appeal candidate?
Yes — 2737 Banks Rd appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.4%
Implied 1-yr
-13.5%
2026 Q3
$421.2K
2026 Q4
$403K
ZIP 27603 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Banks Rd