Sales comparison approach using 3 comparable sales within 0.5 miles sold in the last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $515,855 appears below market.
Renovated Ranch on Half-Acre Lot Steps from Downtown Cary
This Greenwood Forest ranch announces itself first with scale: a generous 0.51-acre, largely wooded parcel that gives the house real separation from the street while remaining an easy half-mile walk to Downtown Cary. The 2,551 SF single-story plan was thoughtfully reworked during a 2022 renovation and shows the kind of practical upgrades that make daily life easier—new HVAC, plumbing, electrical, gas water heater and a sealed crawlspace—plus a commercial-grade metal roof added in 2025 for long-term peace of mind.
Inside, the home balances classic proportion and modern finishes. Refinished hardwoods flow through principal living spaces and into a formal living room and an adjacent sitting room anchored by a fireplace. The kitchen, remodeled in 2022, includes bar seating, a custom pantry and updated appliances; a nearby flex room off the kitchen works well as a home office, playroom, or casual family room. A spacious dining room sits ready for both weeknight meals and holiday gatherings.
Four bedrooms and 2.5 baths are arranged for flexibility: a primary suite opportunity on the main level and three additional bedrooms ideal for kids, guests or a second office. Practical touches—an oversized laundry/drop zone, modern lighting and plumbing fixtures, and LVP flooring where durability matters—underscore the move-in-ready condition. The home has no HOA, offering freedom to adapt the lot over time; zoning (R-12) supports accessory dwelling units for those considering an ADU project.
Outdoors, the yard is a standout: deep, tree-lined privacy with roughly 100 feet of Washington Street frontage, established landscaping, and a dedicated dog run already in place for pet owners. Driveway parking accommodates multiple vehicles. With walkability to Downtown Cary's restaurants, shops and cultural venues, easy access to Kildaire Farm Road and short drives to WakeMed Cary and Fred G. Bond Metro Park, this property pairs suburban space with urban convenience.
From a value perspective, recent comps in Greenwood Forest point to a $600K–$650K range; the property’s updates and lot size place it competitively within that band. Buyers seeking a comfortable primary residence with reduced near-term maintenance, or investors looking at solid rental demand, will find this renovated ranch a compelling option.
See the properties helping shape the valuation.
Comparable sales
- 389 SF smaller
- 0.5 additional bathrooms
- 7,216 SF smaller lot
- 6 years newer
- 521 SF smaller
- 0.5 additional bathrooms
- 7,406 SF smaller lot
- 4 years newer
- 348 SF smaller
- 1 fewer bedroom
- 0.5 fewer bathrooms
- 8,216 SF smaller lot
- 1 year newer
A 1964 ranch on 0.51 acres.
Building
Site & utilities
Greenwood Forest
Researched nearby locations
Location
1014 Washington St, Cary, NC 27511
Greenwood Forest blends mature lots and mid-century ranches with convenient access to Downtown Cary. Residents enjoy short walks to an eclectic mix of restaurants, independent shops and community events, while major corridors provide quick commutes to Raleigh and Research Triangle Park. The neighborhood’s large parcels and tree canopy create a suburban feel within reach of urban amenities. Top-rated Wake County schools, nearby parks and an active local scene make this area especially appealing to families and professionals seeking both space and walkability.
Very good access to outdoor recreation with Downtown Cary amenities steps away, Fred G. Bond Metro Park about 3 miles out, neighborhood greenways and local parks for everyday activity.
A factual market snapshot around 1014 Washington St.
Cary’s Greenwood Forest currently sits in a balanced-to-leaning-seller market. Local inventory is tight at roughly 2.5 months supply—below a neutral 4–6 month range—while the average days on market in the area is about 44 days, indicating reasonably paced activity rather than rapid bidding wars. Median sale prices in the broader area are near $525,000 with one-year appreciation modest at ~5% and five-year growth at roughly 25%, reflecting sustained demand from professionals and families.
Single-family homes—particularly renovated ranches on larger lots—perform well here, often selling close to or above recent comp ranges when systems and roofs are updated. Comparable sales within 0.5 miles in the past six months cluster between $600,000 and $650,000, supporting a midpoint valuation around $625,000 for this property given its 2022 systems work and the 2025 metal roof. Low inventory and stable buyer interest make this a strong time for sellers, while buyers who prioritize upgraded systems and a rare half-acre lot in walking distance to Downtown Cary may find fewer comparable opportunities. Key due diligence items remain: confirm foundation and roof documentation, review permitting for past renovations, and complete a professional inspection.
Single-Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 451 SF smaller
- 0.5 additional bathrooms
- 355 SF smaller
- 0.5 additional bathrooms
What the research supports — and what is still worth verifying.
Key findings
- Assessed value of $515,855 (land $280K, improvements $235,855) with annual taxes of $4,441
- Zoned R-12, allowing single-family residences and accessory dwelling units
- Comparable sales within 0.5 miles in the last 6 months range from $600K to $650K
- Average days on market in Cary: 44 days, indicating a balanced market
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify renovation permits were properly pulled
- Confirm zoning restrictions and allowable uses
- Professional home inspection
- Roof condition assessment
What stands out about this property.
Interior Features
- 4 bedrooms, 2.5 bathrooms
- 2,551 SF single-story ranch layout
- Remodeled kitchen (2022) with bar seating
- Custom pantry and updated appliances
- Refinished hardwood floors and LVP flooring
- Sitting room with fireplace
- Flex room off kitchen suitable for office or playroom
- Oversized laundry / drop zone
- Updated lighting and plumbing fixtures
Exterior & Lot
- 0.51-acre wooded lot with ~100 ft frontage
- Commercial-grade metal roof installed 2025
- Dedicated dog run
- Driveway parking for multiple vehicles (no garage)
- Level topography and mature landscaping
- No HOA
Location & Neighborhood
- Greenwood Forest neighborhood
- 0.5 miles to Downtown Cary restaurants and shops
- Short drive to WakeMed Cary Hospital (≈2 miles)
- Close to Kildaire Farm Rd (0.3 miles) for easy commuting
- Top-rated Wake County schools assigned
Walkability & Recreation
- Walkability Rating: 65/100 — Some errands and downtown amenities within walking distance
- Fred G. Bond Metro Park (approx. 3 miles)
- Downtown Cary cultural venues and dining (0.5 miles)
- Neighborhood greenways and local parks within a short drive
- Running/walking paths and community recreation facilities nearby
Sources & research confidence.
See where the property research came from and how confidence varies by field.