Property listing for 112 Clements Dr, Morrisville, NC 27560
For SaleSingle Family Home

$599,900

112 Clements Dr, Morrisville, NC 27560

Rare 0.48-Acre Lot with Ranch Home and Redevelopment Upside

2 Bed · 2 Bath · 2,271 Sq Ft

Single-story 2BR/2BA ranch on a large, level Green Woods parcel

2

Beds

2

Baths

2,271

Sq Ft

2008

Built

0.48 acres

Lot

Carport + driveway (2 spaces)

Garage

About 112 Clements Dr

What immediately separates 112 Clements Drive from other Morrisville listings is the land: a generous, level 0.48-acre parcel in the established Green Woods neighborhood that gives you options—keep and refresh the existing single-story ranch or plan a thoughtful redevelopment to match the newer, larger homes nearby. The current one-level layout spans 2,271 square feet and was built in 2008; it offers two bedrooms and two full baths arranged for comfortable living without stairs.

Inside you’ll find straightforward systems and practical details: central heat and air, a fiberglass roof, wood-frame construction, and living spaces that read as solidly maintained but ripe for aesthetic updating. The carport and driveway provide immediate parking; note the carport is documented as scheduled for removal, which creates a clean slate for a new garage or expanded driveway if desired. The property's scale and configuration are what truly capture attention—room around the house, level yard, and standard residential frontage on Clements Drive create immediate curb appeal and flexibility.

Location is strategic. Aviation Parkway sits just a block away, putting major corridors, employment centers and RDU within easy reach. Morrisville’s growth trajectory—driven by proximity to Research Triangle Park and Raleigh-Durham International Airport—has pushed newer construction and higher-value sales into this pocket of Wake County. You’re also minutes from Morrisville Community Park (about 1.2 miles) and Park West Village shopping, schools in the Wake County system, and the day-to-day conveniences that attract professionals and families.

This listing is positioned competitively at $599,900 (roughly $264/sf) against very recent nearby sales and newer construction. The parcel’s RNP zoning supports single-family residential use, and the lot size gives a buyer substantial optionality for expansion, reconfiguration or new construction—subject to zoning verification. Important next steps: confirm lot boundaries, verify redevelopment parameters with the Town of Morrisville, and review the condition of the existing structure during inspection. Whether you’re an owner-occupant seeking a quiet, single-level home with breathing room, or an investor/developer targeting a high-demand market, 112 Clements Drive is a rare combination of location, size and flexibility in Morrisville.

Home Highlights

Large 0.48-acre lot with redevelopment potentialCompetitive list price: $599,900 ($264/sf)Single-level ranch—2,271 SFZoned RNP (Residential Neighborhood Preservation)Close proximity to RTP and RDUEstimated rental potential: ~$2,000/month

Property Features

Interior Features

  • Single-story ranch layout
  • 2 bedrooms, 2 full bathrooms
  • 2,271 square feet of living area
  • Central heating and central air
  • Fiberglass roof
  • Wood-frame construction

Exterior & Lot

  • Substantial 0.48-acre (20,909 SF) level lot
  • Standard residential frontage on Clements Dr
  • Carport (documented for removal) and driveway parking
  • Level topography ideal for addition or rebuild
  • Zoning: RNP (Residential Neighborhood Preservation)

Location & Neighborhood

  • Green Woods neighborhood, Morrisville
  • Aviation Parkway 0.1 miles — quick access to main corridors
  • Near Research Triangle Park and Raleigh-Durham International Airport
  • Close to Park West Village shopping and local services
  • Wake County Public School System (well-rated area schools)

Walkability & Recreation

  • Walkability Rating: 45/100 — Car-Dependent
  • Morrisville Community Park (≈1.2 miles) — green space and sports fields
  • Park West Village shopping (≈2.5 miles) for dining and retail
  • Raleigh-Durham International Airport (≈3.5 miles) for regional travel
  • Neighborhood streets conducive to walking; easy access to nearby trails and parks

Neighborhood & Location

Green Woods is an established Morrisville neighborhood that balances quiet residential streets with easy access to regional employment centers. Families are drawn to solid Wake County schools, nearby parks and short drives to Park West Village retail and dining. Aviation Parkway places commuters minutes from Research Triangle Park and RDU, while the neighborhood retains a settled, low-traffic feel—ideal for buyers who want land and convenience without sacrificing proximity to the Triangle’s amenities.

Market Insights

Morrisville currently tilts toward a seller’s market: inventory sits around 2.1 months and homes average roughly 39 days on market, so properties priced and presented competitively are drawing attention. Median sale prices in the broader area are near $512,500 with one-year appreciation of about 5% and five-year gains near 25%. Single-family homes—especially those on larger lots—have outperformed smaller product types because buyers value outdoor space and expansion potential near the Research Triangle Park.

Comparable sales within 0.5 miles show a wide range driven by size and finish: recent closings climbed well above $1M for substantially larger and newer builds, while similarly sized homes trade in the $550K–$600K corridor. Given the list at $599,900, this property sits at the top of the competitive range for existing-stock ranches but offers a land-driven upside many buyers find compelling. Low inventory and steady local employment support both resale and rental demand; a conservative rental estimate for this asset in current conditions is roughly $2,000/month. For buyers seeking redevelopment, now is a favorable window to lock land in a tight market before additional new construction pushes values further.

Nearby Schools

Panther Creek High

High

8/10

West Cary Middle

Middle

6/10

Cedar Fork Elementary

Elementary

7/10

Walkability & Recreation

45
Walkability
75
Recreation

Excellent local park access with Morrisville Community Park about 1.2 miles away, Park West Village shopping and green spaces within 3 miles, and neighborhood streets suitable for daily walks and bike rides.

Investment Highlights

  • Large 0.48-acre lot offers redevelopment potential
  • Located in rapidly growing Morrisville area with strong demand
  • Proximity to Research Triangle Park and major transportation hubs
  • Competitive listing price aligns with current market trends
  • Well-rated schools enhance neighborhood appeal

Key Findings

  • Assessed value of $402,786 (land $275K, improvements $127,786) — annual taxes $3,512.56
  • Zoned RNP — Residential Neighborhood Preservation
  • Comparable sales within 0.5 miles in last 6 months range $550K–$600K
  • Average days on market in Morrisville: 39 days (seller's market)

Things to Consider

  • Potential need for updates or redevelopment to align with neighborhood standards
  • Verify zoning regulations and restrictions for redevelopment
  • Assess condition of existing structure for potential maintenance or renovation costs

Opportunity Analysis

Well-located property in a high-demand area with significant redevelopment potential. Large lot size and existing structure offer flexibility for investors or homeowners looking to capitalize on Morrisville's growth.

Potential Use Scenarios

  • Consider redevelopment to align with newer constructions in the neighborhood
  • Evaluate potential for rental income during planning stages of redevelopment
  • Assess market demand for specific property types in the area to inform redevelopment plans

Risk Factors

  • Potential costs associated with redevelopment or major renovations
  • Zoning regulations may limit certain types of redevelopment
  • Market conditions could impact resale value post-redevelopment

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

AI Valuation Estimate

Low

$550K

Midpoint

$575K

High

$600K

$253/SF estimated price per square foot

80% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for lot size, age, and condition. Assessed value of $402,786 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$512,500
Avg Days on Market39 days
Inventory2.1 months
1-Year Appreciation+5.0%

Demographics

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

Morrisville has experienced significant growth over the past decade, with a strong influx of professionals due to its proximity to the Research Triangle Park.

Nearby Points of Interest

  • Morrisville Community Park (1.2 mi)
  • Park West Village Shopping Center (2.5 mi)
  • Raleigh-Durham International Airport (3.5 mi)

Close proximity to parks, shopping centers, and major transportation hubs.

School District

DistrictWake County Public School System
ElementaryCedar Fork Elementary (7/10)
MiddleWest Cary Middle (6/10)
HighPanther Creek High (8/10)

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

Property Details

Building Details

Year Built2008
Constructionwood frame
Stories1
Rooffiberglass
Heatingcentral
Coolingcentral air
Basementnone
FireplaceNo
Conditionaverage

Lot & Site

Lot Size0.48 acres (20,909 SF)
Topographylevel
Parkingcarport_and_driveway
Parking Spaces2
FrontageStandard residential frontage on Clements Dr

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeRNP
DescriptionResidential Neighborhood Preservation
JurisdictionTown of Morrisville

Allowed Uses

single family residential
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$402,786
Land$275,000
Improvements$127,786
Annual Tax (2025)$3,512.56

Sale History

1987-12-09$20,000

$8.8/SF

Arm's length transaction

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