Homes/North Carolina/Cary/1014 Washington St
CompCasa Property Analysis · single_family

1014 Washington St

Renovated Ranch on Half-Acre Lot Steps from Downtown Cary

Updated 4BR/2.5BA ranch with metal roof, large wooded yard, no HOA

4 beds2.5 baths2,551 sq ftBuilt 19640.51 acresnone
CompCasa valuation analysis
Estimated market value
$625,000
Low $600,000 · Midpoint $625,000 · High $650,000
Confidence85%Sales comparison approach
Assessed value$515,8552025 assessment
CompCasa estimate$625,000Mar 7, 2026
$600,000$625,000 midpoint$650,000
Price / sq ft$245
Median sale price$525,000
Avg days on market44 days
Inventory2.5 months

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.

About the property

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$600,000
Property address241 E Cornwall Rd, Cary, NC 27511
4 bed3 bath2,162 sq ftBuilt 19700.26 mi15,000 sq ft lot$277/SF
Sold Jun 9, 2025
Subject difference
  • 389 SF smaller
  • 0.5 additional bathrooms
  • 7,216 SF smaller lot
  • 6 years newer
Research comparison noteSimilar size and condition, slightly smaller lot
02Sold price$625,000
Property address905 Cindy St, Cary, NC 27511
4 bed3 bath2,030 sq ftBuilt 19680.34 mi14,810 sq ft lot$308/SF
Sold Aug 19, 2025
Subject difference
  • 521 SF smaller
  • 0.5 additional bathrooms
  • 7,406 SF smaller lot
  • 4 years newer
Research comparison noteSmaller home but fully renovated with premium finishes
03Sold price$424,500
Property address111 E Cornwall Rd, Cary, NC 27511
3 bed2 bath2,203 sq ftBuilt 19650.32 mi14,000 sq ft lot$193/SF
Sold Aug 15, 2025
Subject difference
  • 348 SF smaller
  • 1 fewer bedroom
  • 0.5 fewer bathrooms
  • 8,216 SF smaller lot
  • 1 year newer
Research comparison noteSmaller and fewer bedrooms, adjusted downward for size
Comp methodology: Focused on single-family homes within 0.5 miles in Greenwood Forest sold in the last 6 months for maximum relevance
Property details

A 1964 ranch on 0.51 acres.

Building

Year built1964
ConstructionFrame Brick
RoofMetal
Heatingforced air gas
Coolingcentral AC

Site & utilities

Lot size0.51 acres
Garagenone
Stories1
ConditionExcellent
BasementCrawl Space
FireplaceYes
Improvement notes4 bedrooms, 2.5 bathrooms, renovated kitchen and bathrooms (2022), new HVAC, plumbing, electrical, gas water heater, and sealed crawlspace (2022), commercial-grade metal roof (2025), refinished hardwood floors, LVP flooring, updated appliances, lighting, and plumbing fixtures
Lot area22,216 sq ft
TopographyLevel
FrontageApproximately 100 ft frontage on Washington St
ParkingDriveway
Parking spaces4
Parking notesDriveway with space for multiple vehicles
AccessStandard residential driveway from Washington St
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Greenwood Forest

Researched nearby locations

Downtown Cary (0.5 mi)
Cary Towne Center (1.5 mi)
WakeMed Cary Hospital (2 mi)
Fred G. Bond Metro Park (3 mi)

Location

1014 Washington St, Cary, NC 27511

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryCary Elementary (7/10)
Middle schoolEast Cary Middle (8/10)
High schoolCary High (7/10)
School districtWake County Public School System
Market context

A factual market snapshot around 1014 Washington St.

Median sale price$525,000
Avg days on market44 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

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.

Zoning & land use

Single-Family Residential

Zoning

Zoning codeR-12
DescriptionSingle-Family Residential
JurisdictionTown of Cary
Assessor useSingle-Family Residential
Current useResidential
SetbacksFront 30', side 10', rear 25'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$280,000
Assessed improvements$235,855
Total assessed$515,855
Assessment year2025
Annual property tax$4,441
Tax year2025
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,900/mo
Property address1004 Washington St, Cary, NC 27511
4 bed3 bath2,100 sq ft$1.38/SF
Leased Jul 1, 2025
Subject difference
  • 451 SF smaller
  • 0.5 additional bathrooms
Research comparison noteSimilar size and condition, slightly smaller lot
02Monthly rent$3,100/mo
Property address1015 Washington St, Cary, NC 27511
4 bed3 bath2,196 sq ft$1.41/SF
Leased Jun 15, 2025
Subject difference
  • 355 SF smaller
  • 0.5 additional bathrooms
Research comparison noteSimilar size and condition, comparable lot size
Research findings & due diligence

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
Highlights & features

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin property details and market trendsView source
2
Realtor.com property details and tax historyView source
3
Raleigh Realty MLS listingView source
4
Zillow property details and ZestimateView source
5
Howard Hanna property listingView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.