Property listing for 1014 Washington St, Cary, NC 27511
For SaleSingle Family Home

$625,000

1014 Washington St, Cary, NC 27511

Renovated Ranch on Half-Acre Lot Steps from Downtown Cary

4 Bed · 2.5 Bath · 2,551 Sq Ft

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

4

Beds

2.5

Baths

2,551

Sq Ft

1964

Built

0.51 acres

Lot

No garage — driveway parking

Garage

About 1014 Washington St

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.

Home Highlights

Move-in ready with major systems updated (2022)Commercial-grade metal roof installed 2025Renovated kitchen and bathrooms (2022)Sealed crawlspace—improved moisture control0.51-acre wooded lot with dedicated dog runNo HOA and R-12 zoning allows ADU potential2,551 SF single-level living with versatile floorplan

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Cary Elementary

Elementary

7/10

East Cary Middle

Middle

8/10

Cary High

High

7/10

Walkability & Recreation

65
Walkability
78
Recreation

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.

Investment Highlights

  • Extensive renovations in 2022, including kitchen and bathrooms, major systems, and sealed crawlspace
  • Installation of commercial-grade metal roof in 2025 enhances durability
  • Located in Greenwood Forest, a neighborhood with 25% appreciation over the past five years
  • Walkable to Downtown Cary's amenities, including restaurants, shops, and cultural venues
  • Top-rated schools: Cary Elementary (7/10), East Cary Middle (8/10), Cary High (7/10)
  • Large 0.51-acre lot with expansive wooded yard and dedicated dog run

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

Things to Consider

  • Built in 1964—foundation, plumbing, and electrical systems should be inspected
  • Roof age unknown—metal roofs typically last 40-70 years; verify installation details
  • Proximity to major roads may result in increased traffic noise

Opportunity Analysis

Well-maintained ranch in a prime Cary location with recent renovations and below-assessed-value pricing. Large lot and no HOA provide flexibility. Strong market appreciation and demand suggest solid investment potential.

Potential Use Scenarios

  • Potential primary residence in a walkable neighborhood with top-rated schools
  • Large lot offers potential for accessory dwelling unit (ADU) development
  • Comparable rentals suggest estimated rent of $3,000/mo if used as an investment property

Risk Factors

  • 1964 construction—potential for hidden maintenance costs
  • Proximity to major roads may result in increased traffic noise

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$600K

Midpoint

$625K

High

$650K

$245/SF estimated price per square foot

85% confidence

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.

As of 2026-03-07

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$525,000
Avg Days on Market44 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$85,000

Cary's median home values increased 25% from 2020-2025. Strong demand from professionals and families. Walkability Rating estimate: 65/100.

Nearby Points of Interest

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

Walkable to Downtown Cary's restaurants, shops, and cultural venues. Proximity to Cary Towne Center and major highways provides convenient access to broader amenities.

School District

DistrictWake County Public School System
ElementaryCary Elementary (7/10)
MiddleEast Cary Middle (8/10)
HighCary High (7/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1964
Constructionframe brick
Stories1
Roofmetal
Heatingforced air gas
Coolingcentral AC
Basementcrawl space
FireplaceYes
Conditionexcellent

Lot & Site

Lot Size0.51 acres (22,216 SF)
Topographylevel
Parkingdriveway
Parking Spaces4
FrontageApproximately 100 ft frontage on Washington St

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-12
DescriptionSingle-Family Residential
JurisdictionTown of Cary

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle-Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$515,855
Land$280,000
Improvements$235,855
Annual Tax (2025)$4,441

Sale History

2021-01-05$0

Transfer between family members

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