Paper Rich in Wake County, NC
Long held, worth twice what was paid, owner lives elsewhere. A lot of paper equity and no one living there: the cost of holding is easier to see than the gain. Equity is a rough comparison of county value to the last sale, not an appraisal and not a mortgage balance.
Every layer has to be true
- Owned for 15 years or more
- County value is at least 2x the last sale price
- The owner's mailing address is not the property
A property is counted only when all 3 are true at once.
The Wake County stack in numbers
- Median county value
- $340,000
- Median years owned
- 26
- Owner lives elsewhere
- 100%
- Average tax owed
- $6,100
- Score 9 or 10
- 1%
Top ZIP codes: 27610 RALEIGH (1,547), 27603 RALEIGH (1,154), 27604 RALEIGH (941), 27616 RALEIGH (704), 27606 RALEIGH (700), 27529 GARNER (687).
Three Wake County properties in the stack
| Street and city | Score (1 to 10) | Why it may sell |
|---|---|---|
| N Bloodworth StRaleigh | 10of 10 | Owned for 15 years or moreCounty value is at least 2x the last sale priceThe owner's mailing address is not the property |
| Wrenwood AveRaleigh | 10of 10 | Owned for 15 years or moreCounty value is at least 2x the last sale priceThe owner's mailing address is not the property |
| Fairway DrClayton | 10of 10 | Owned for 15 years or moreCounty value is at least 2x the last sale priceThe owner's mailing address is not the property |
Street name and city only: house numbers, owner names and mailing addresses are in the app.
Reading this number
Owned 15 years or more, value at least 2x the last sale price, owner does not live there.
Equity is a rough comparison of county value to the last sale, not an appraisal and not a mortgage balance. Government, bank, builder and church owners are left out. Owner names, mailing addresses and house numbers are inside the app.
Other stacks
- Ghost Owner112
A death on record, an empty-looking house, tax unpaid.
- 3 signals stacked
- Last Straw2,337
Two years behind on tax and a lien or foreclosure case on top.
- 2 signals stacked
- Long Hold Estate3,336
Held 30 years or more, now in a trust or estate.
- 2 signals stacked
- Far Away Drift65
Out of state for 10 years or more and behind on tax.
- 3 signals stacked
- Empty and Owing334
Looks empty, owner lives elsewhere, tax unpaid.
- 3 signals stacked
- Equity Under Fire791
Lots of equity, with a lien, a foreclosure or 2+ years of tax owed.
- 2 signals stacked
Questions
What is the Paper Rich stack?
Owned 15 years or more, value at least 2x the last sale price, owner does not live there. It is a fixed recipe of 3 signals taken from county records; a property is in the stack only when every one is true.
How many Paper Rich properties are in Wake County, NC?
15,315 properties today. The count is refreshed every week, and government, bank, builder and church owners are left out.
Does Paper Rich mean the owner wants to sell?
No. Equity is a rough comparison of county value to the last sale, not an appraisal and not a mortgage balance. It is a way to find properties where several records point the same way: a strong reason to reach out first.
Every Wake County Paper Rich property, with the reasons.
Explore free for 7 days, no card. Full access: cancel before day 7, pay nothing. New properties join the stacks every Monday.
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