Price Point: What does $500,000 get in Triangle’s housing market today?
This week’s Price Point looked at homes that sold recently for around $500,000, and found choices in West Raleigh, Durham, and Apex. Two of the three are new build. All are move-in ready with loads of amenities. Here’s a look.
4926 Trek Lane, Raleigh, 27606
Sold: $501,000 on Feb. 16
New-build townhome with three bedrooms and three bathrooms on a 0.03-acre lot
This 2,065-square-foot townhome is located off Blue Ridge Road in West Raleigh. It’s about a 15-minute drive to downtown Raleigh, and about a 12-minute drive west to downtown Cary.
The townhome features a two-car garage and a fiber-cement and painted-brick exterior. Interior includes hardwoods on the entire main floor and recreation room, quartz countertops in kitchen and upgraded trim.
Size: 2,065 square feet
Year built: 2022
Price per square foot: $243
HOA fees: $149 monthly
Taxes: Not available
Last sold: Not applicable
Listed by: Joe Alercia, RE/MAX United
Price Point
Thinking about buying a home in the Triangle?
“Price Point” is a new N&O column aimed at offering a quick snapshot of the market, and what buyers can get depending on their location and budget. Every week, we will tell you about three houses on the market that are roughly the same price but located in different parts of the Triangle. The goal is to give buyers a rough barometer of where the market is at after two-plus years of plummeting inventory and sky-high home prices. It will also highlight how prices — and what you get for the money — can vary greatly across the region.
1032 Greatland Road, Lot 91, Durham, 27703
Sold: $500,000 on Feb. 17
New-build single-family home with three bedrooms and three bathrooms on .1-acre lot
The house is located in the Enclave at Leesville, a new 52-single-family home community by the Virginia-based developer HHHunt. It’s about a 13-minute drive to Research Triangle Park and about a 10-minute drive to Raleigh-Durham International Airport.
The 1,931-square-foot home features a first-floor owner’s suite, plus a bonus room and walk-in attic storage. Amenities include a dog park, walking trails, community pool, gym, and lawn maintenance.
Size: 1,931 square feet
Year built: 2023
Price per square foot: $383
HOA fees: $195 monthly
Taxes: 3,717 (estimated)
Last sold: Not applicable
Listed by: Renee Aquilino, HHHunt Homes of Raleigh-Durham
7424 Bedford Ridge Drive, Apex, 27539
Sold: $495,000 on Feb. 17
Single-family home with three bedrooms and three bathrooms on 0.15-acre lot
The house is located in The Park at West Lake, a subdivision in Apex. It’s about a 25-minute drive southwest from downtown Raleigh, and about a 35-minute drive southeast from downtown Durham.
Built in 2012, the house features an updated kitchen, open-floor plan, first-floor primary suite, and upstairs bonus room. Amenities include two community pools, playground and dog park.
Size: 2,318 square feet
Year built: 2012
Price per square foot: $214
HOA fees: $637 semi-annually
Taxes: 3,300 (estimated)
Last sold: 2019 at $340,000
Listed by: Charlotte Davenport, Compass - Raleigh
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