Share this with your friends
336.600.1052
Real Estate Company
721 King St, Cary, NC 27513
- $345,000
- 3
- BD
- 3
- BA
- 1,712
- SqFt
Seller Representative Compass -- Raleigh
- List Price
- $345,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 10203055
- Subtype
- Residential
- Style
- Ranch, Tudor
- Year Built
- 1975
- Bedrooms
- 3
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 1,712
- Lot Size
- 13,939
- Acres
- 0.32
- Subdivision
- Oakwood Heights
Property Description
Prime Downtown Cary Renovation Opportunity in Oakwood Heights! Bring your vision and your contractor to this rare fixer-upper located just blocks from the heart of Downtown Cary, Downtown Cary Park, Academy Street dining, breweries, and the Cary Train Depot. The heavy demolition is already behind you—the interior is largely gutted and ready for your custom layout and finishes. Major value-adds already completed: 80% of the sub-flooring has been replaced, with extra structural reinforcement added beneath the kitchen and bathrooms. Plus, enjoy peace of mind on big-ticket mechanicals with an approximately 5-year-old HVAC system (furnace & central A/C) and a ~10-year-old roof. Whether you are an investor looking for your next high-ROI flip or an owner-occupant ready to design a custom home in one of the Triangle's most sought-after walkable neighborhoods, 721 King Street is a clean slate with massive upside. Property is being sold strictly AS-IS; showings by appointment only. Agents, please read private remarks for additional disclosure items. The Good: Roof is ~10 Years Young with Architectural Shingles, 5 Year Old HVAC System with High Efficiency Condensing Furnace and Smart Thermostat, 80% of the Sub Floor was replaced with Floor Joists Replaced or Sistered in "heavy/wet" areas. Tankless Natural Gas Water Heater circa 2011. Partially gutted to save you time and money in your renovation efforts! The Bad: Crawlspace could use a vapor barrier, the front steps have settled and need to be re-built or adjusted, some siding is deteriorated and needs to be replaced, some downspouts are missing from the gutters, the chain link fence is damaged in some areas, the retaining wall landscape timbers are deteriorated, and the home has Aluminum Wiring. The Vibe: This was once a loved and cared-for family home that fell on hard times, but the potential is here for an incredible ranch in a highly-desirable area. The stage has been set, the debris has been cleared, and the house is ready to be transformed - just in time for the Spring market. Good bones and a blank slate! Come and make it yours today.
Additional Information
- Interior Features
- Beamed Ceilings, Ceiling Fans, Crown Molding, Entrance Foyer, High Ceilings, Pantry, Recessed Lighting, Smart Thermostat, Vaulted/Cathedral Ceilings, Walk-In Closet(s)
- Exterior Features
- Private Yard, Rain Gutters, Fenced Yard
- Taxes
- $3,727
- Financing
- None
- Property Description
- Ranch, Tudor
- Zoning
- R8
- Flooring
- Concrete, Other, Wood
- Appliances
- None
- Heating
- Central, Forced Air, Natural Gas, Wall Furnace
- Air Conditioning
- Central Air, Ceiling Fan(s), Electric, Window/Wall, Window/Wall
- Stories
- 1
- Levels
- One
- Roof
- Asphalt, Shingle, Architectural
- Foundation
- Raised, Crawl Space
- Parking Features
- Attached, Paved, Driveway, None, Paved, Parking Pad
- Elementary School
- Wake - Weatherstone Elementary
- Middle School
- Wake - East Cary Middle
- High School
- Wake - Cary High
- View
- Neighborhood, Trees/Woods
Get an instant property value now.
Mortgage Calculator
Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .