Property listing for 104 Ivy Tree Pl, Cary, NC 27519
For SaleSingle Family Home

$725,000

104 Ivy Tree Pl, Cary, NC 27519

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

3 Bed · 2.5 Bath · 2,580 Sq Ft

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

3

Beds

2.5

Baths

2,580

Sq Ft

1998

Built

0.13 acres

Lot

2-car detached

Garage

About 104 Ivy Tree Pl

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.

Home Highlights

Move-in readyRecently updated kitchenNew carpeting upstairsHardwood floors on main level2-car detached garage with rear-alley accessCommunity pool, tennis courts, and trails within walking distanceProximity to RTP and top-rated schools

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Carpenter Elementary

Elementary

8/10

Alston Ridge Middle

Middle

7/10

Panther Creek High

High

9/10

Walkability & Recreation

60
Walkability
78
Recreation

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.

Investment Highlights

  • Recently updated kitchen and new carpeting reduce near-term capex
  • Carpenter Village — strong appreciation (25% in 5 years)
  • Access to community pool, tennis courts, and walking trails
  • Proximity to RTP and Downtown Cary offers employment and entertainment options
  • Highly rated schools contribute to family appeal

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)

Things to Consider

  • Built in 1998 — major systems should be inspected for age and condition
  • HOA regulations may restrict certain modifications or uses
  • Lot size is smaller than some nearby properties, which may impact outdoor space

Opportunity Analysis

Well-maintained home in a desirable Cary neighborhood with recent updates and access to community amenities. Strong appreciation trends and proximity to employment centers create additional upside. Limited inventory and high demand suggest strong resale trajectory.

Potential Use Scenarios

  • Potential primary residence in a family-friendly neighborhood
  • Strong rental demand from professionals working in RTP
  • Monitor market trends for potential appreciation and resale opportunities

Risk Factors

  • 1998 construction — potential for aging systems requiring maintenance
  • HOA regulations may limit certain uses or modifications
  • Smaller lot size compared to some nearby properties

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

AI Valuation Estimate

Low

$700K

Midpoint

$725K

High

$750K

$281/SF estimated price per square foot

85% confidence

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.

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$700,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$95,000

Cary's 27519 zip code has experienced significant growth, with median home values increasing by 25% over the past 5 years. The area attracts professionals due to its proximity to RTP and high-quality schools.

Nearby Points of Interest

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

Walking distance to community pool, tennis courts, and trails. Short drive to shopping and dining at Parkside Town Commons. Proximity to RTP and Downtown Cary offers employment and entertainment options.

School District

DistrictWake County Public School System
ElementaryCarpenter Elementary (8/10)
MiddleAlston Ridge Middle (7/10)
HighPanther Creek High (9/10)

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

Property Details

Building Details

Year Built1998
Constructionwood frame
Stories2
Roofasphalt shingle
Heatingforced air
Coolingcentral AC
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.13 acres (5,662 SF)
Topographylevel
Parkingdetached_garage
Parking Spaces2
FrontageStandard residential frontage on Ivy Tree Pl

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-12
DescriptionResidential 12
JurisdictionTown of Cary

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$732,450
Land$213,750
Improvements$518,700
Annual Tax (2025)$6,200

Sale History

2022-06-30$645,000

$250/SF

Arm's length transaction

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