Homes/North Carolina/Cary/104 Ivy Tree Pl
CompCasa Property Analysis · single_family

104 Ivy Tree Pl

Updated 3-Bed Traditional Home with Detached Garage in Carpenter Village

Move-in ready 2,580 SF home steps from clubhouse, pool, trails, and top schools

3 beds2.5 baths2,580 sq ftBuilt 19980.13 acres2-car detached
CompCasa valuation analysis
Estimated market value
$725,000
Low $700,000 · Midpoint $725,000 · High $750,000
Confidence85%Sales comparison approach
Last recorded sale$645,000Jun 30, 2022
Assessed value$732,4502025 assessment
CompCasa estimate$725,000Mar 7, 2026
Estimate vs. last recorded sale+$80,000 / +12.4%
$700,000$725,000 midpoint$750,000
Price / sq ft$281
Median sale price$700,000
Avg days on market30 days
Inventory2.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and features. Assessed value of $732,450 aligns with market estimate.

About the property

Updated 3-Bed Traditional Home with Detached Garage in Carpenter Village

This Carpenter Village residence makes its case immediately: a two-story traditional home offering 2,580 square feet of thoughtfully updated living space and a rare rear-alley, 2-car detached garage that preserves curb appeal. Hardwood runs through the main level, guiding you from the entry into a comfortably scaled living room with a fireplace—an ideal setting for conversation or a quiet evening.

The heart of the home is an updated kitchen appointed for everyday life: recent improvements reduce short-term maintenance needs and create a clean, contemporary backdrop for meals and gatherings. Fresh paint throughout and new carpeting upstairs deliver a crisp, move-in ready feel. Upstairs, three bedrooms and two full baths provide private quarters with a layout that works for families or a work-from-home arrangement. The upstairs carpet replacement modernizes the sleeping areas while preserving original character in public rooms.

Outside, the 0.13-acre lot is low-maintenance and benefits from a level yard and mature landscaping typical of Carpenter Village. Rear alley access keeps the front facade tidy and brings easy utility to the detached garage—useful for storage, projects, or parking. Community amenities are an extension of the property: the Carpenter Village clubhouse, pool, tennis courts and walking trails are within a short stroll, making outdoor recreation and social life effortless.

Location is a core asset: this home sits roughly 5 miles from Research Triangle Park and about 6 miles from Downtown Cary, a commute-friendly spot for professionals. Families will appreciate proximity to Carpenter Elementary (8/10), Alston Ridge Middle (7/10), and Panther Creek High (9/10). With recent updates and a solid maintenance profile, this home offers both immediate livability and long-term appeal in one of Cary’s most in-demand neighborhoods.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$725,000
Property address111 Ivy Tree Pl, Cary, NC 27519
4 bed2.5 bath2,963 sq ftBuilt 20020.1 mi5,663 sq ft lot$245/SF
Sold Apr 27, 2023
Subject difference
  • 383 SF larger
  • 1 additional bedroom
  • Similar lot size
  • 4 years newer
Research comparison noteLarger home with additional bedroom; similar lot size and neighborhood
02Sold price$740,200
Property address102 Ivy Tree Pl, Cary, NC 27519
4 bed2.5 bath2,703 sq ftBuilt 19980.05 mi6,534 sq ft lot$274/SF
Sold Oct 28, 2025
Subject difference
  • 123 SF larger
  • 1 additional bedroom
  • 872 SF larger lot
  • Same year built
Research comparison noteSimilar age and style; slightly larger with additional bedroom
03Sold price$584,000
Property address103 Carpenter Town Ln, Cary, NC 27519
3 bed2.5 bath2,181 sq ftBuilt 19980.2 mi4,792 sq ft lot$268/SF
Sold Oct 28, 2025
Subject difference
  • 399 SF smaller
  • 870 SF smaller lot
  • Same year built
Research comparison noteSmaller home and lot; same neighborhood and amenities
Comp methodology: Focused on homes within 0.5 miles in Carpenter Village sold or leased in last 6 months for maximum relevance
Property details

A 1998 traditional on 0.13 acres.

Building

Year built1998
ConstructionWood Frame
RoofAsphalt Shingle
Heatingforced air
Coolingcentral AC

Site & utilities

Lot size0.13 acres
Garage2-car detached
Stories2
ConditionGood
BasementNone
FireplaceYes
Improvement notes3 bedrooms, 2.5 bathrooms, hardwood floors, updated kitchen, fresh paint, new carpeting upstairs
Lot area5,662 sq ft
TopographyLevel
FrontageStandard residential frontage on Ivy Tree Pl
ParkingDetached Garage
Parking spaces2
Parking notes2-car detached garage accessed via rear alley
AccessRear alley access to garage; front pedestrian access from Ivy Tree Pl
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Carpenter Village

Researched nearby locations

Carpenter Village Clubhouse (0.1 mi)
Carpenter Park (0.5 mi)
Parkside Town Commons (2 mi)
RTP (5 mi)
Downtown Cary (6 mi)

Location

104 Ivy Tree Pl, Cary, NC 27519

View in Google Maps
Editorial neighborhood context

Carpenter Village blends garden-style streets, community amenities and strong schools—an appealing setting for young families and professionals. Residents enjoy a clubhouse, pool, tennis courts, and walking trails that create neighborhood activity year-round. Parkside Town Commons and other shopping/dining options are an easy drive, while Research Triangle Park and Downtown Cary keep commuting practical. The community’s well-regarded schools and steady appreciation have made Carpenter Village a consistently desirable address in Cary.

Nearby access summary

Very good recreational access with a neighborhood pool, tennis courts and walking trails within a short stroll; Carpenter Park is 0.5 miles away and broader park/shopping options are within a short drive.

ElementaryCarpenter Elementary (8/10)
Middle schoolAlston Ridge Middle (7/10)
High schoolPanther Creek High (9/10)
School districtWake County Public School System
Market context

A factual market snapshot around 104 Ivy Tree Pl.

Median sale price$700,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Carpenter Village currently behaves like a seller’s market: inventory sits around 2.5 months with average days on market near 30. Recent area data show median sale prices close to $700,000 and neighborhood appreciation of roughly 25% over five years with modest 1-year growth (about 5%). Comparable closed sales in the immediate area have ranged $700K–$750K, supporting a midpoint valuation near $725,000 ($281/SF). Single-family homes in this pocket move quickly—limited inventory and strong school ratings drive competition, and homes frequently receive multiple offers when presented attractively.

For buyers, that means preparedness is crucial: pre-approval, timely inspections, and a clear understanding of HOA rules will strengthen offers. For investors, rental comparables and a market rent estimate near $2,500/month (≈$0.97/SF) point to steady leasing demand—particularly from RTP professionals—though gross rental yield is modest (≈4.1%). Overall, this is a market that rewards homes presenting turnkey condition and proximity to neighborhood amenities; current conditions favor sellers but provide buyers access to high-quality schools and durable appreciation drivers.

Zoning & land use

Residential 12

Zoning

Zoning codeR-12
DescriptionResidential 12
JurisdictionTown of Cary
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 25', side 10', rear 20'

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$213,750
Assessed improvements$518,700
Total assessed$732,450
Assessment year2025
Annual property tax$6,200
Tax year2025

Sale history

2022-06-30$645,000 · $250/SF
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$2,600/mo
Property address108 Ivy Tree Pl, Cary, NC 27519
3 bed2.5 bath2,440 sq ft$1.07/SF
Leased Aug 1, 2025
Subject difference
  • 140 SF smaller
Research comparison noteSimilar size and layout; same street and neighborhood
02Monthly rent$2,700/mo
Property address105 Magnolia Bloom Ct, Cary, NC 27519
4 bed2.5 bath2,700 sq ft$1/SF
Leased Jul 15, 2025
Subject difference
  • 120 SF larger
  • 1 additional bedroom
Research comparison noteLarger home with additional bedroom; nearby street in same neighborhood
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Assessed value $732,450 (land $213,750, improvements $518,700) — annual taxes $6,200
  • Zoned R-12 — single-family residential with potential for accessory dwelling units
  • 3 comparable sales within 0.5 miles in last 6 months range $700K–$750K
  • Average days on market in Carpenter Village: 30 days (seller's market)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify age and condition of major systems (HVAC, roof, plumbing)
  • Review HOA regulations and fees
  • Professional home inspection
Highlights & features

What stands out about this property.

Interior Features

  • 3 bedrooms, 2.5 bathrooms
  • 2,580 square feet of finished living space
  • Hardwood floors on main level
  • Updated kitchen with recent improvements
  • Fresh interior paint
  • New carpeting upstairs
  • Fireplace in living room
  • Central AC and forced-air heating

Exterior & Lot

  • 0.13-acre, level lot
  • 2-car detached garage accessed via rear alley
  • Asphalt shingle roof
  • Mature landscaping
  • Front pedestrian access from Ivy Tree Pl
  • Low-maintenance yard

Location & Neighborhood

  • Carpenter Village neighborhood
  • Carpenter Village Clubhouse 0.1 mi
  • Carpenter Park 0.5 mi
  • Parkside Town Commons ~2 mi
  • Approximately 5 miles to RTP and 6 miles to Downtown Cary
  • Wake County Public School System

Walkability & Recreation

  • Walkability Rating: 60/100 — Some walkable amenities
  • Community pool, tennis courts, and walking trails within easy walking distance
  • Carpenter Park nearby for green space and play areas
  • Parks and shopping within a short drive (Parkside Town Commons)
  • Neighborhood paths suitable for daily walks and family outings
  • Recreation options attractive to families and active professionals
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Zillow property listing for 104 Ivy Tree PlView source
2
RE/MAX property listing for 104 Ivy Tree PlView source
3
Realtor.com listing for 111 Ivy Tree PlView source
4
Realtor.com listing for 102 Ivy Tree PlView source
5
Realtor.com listing for 103 Carpenter Town LnView source
6
Realtor.com listing for 108 Ivy Tree PlView source
7
Realtor.com listing for 105 Magnolia Bloom CtView source
8
Town of Cary zoning informationView source
9
Wake County tax recordsView 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.