$599,900
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
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.
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.
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.
Panther Creek High
High
West Cary Middle
Middle
Cedar Fork Elementary
Elementary
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.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$550K
Midpoint
$575K
High
$600K
$253/SF estimated price per square foot
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.
Morrisville has experienced significant growth over the past decade, with a strong influx of professionals due to its proximity to the Research Triangle Park.
Close proximity to parks, shopping centers, and major transportation hubs.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$8.8/SF
Arm's length transaction
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