Morrisville North Carolina Wake County 2 Bedroom 2 Bathroom Single Family Large Lot Redevelopment Potential Carport $400K-$600K Ranch Green Woods Near Research Triangle Park

CompCasa valuation analysis

Estimated market value

$575,000

Low $550,000 · Midpoint $575,000 · High $600,000

Confidence80%Sales comparison approach

Last recorded sale$20,000Dec 9, 1987

Assessed value$402,7862025 assessment

CompCasa estimate$575,000Mar 7, 2026

Estimate vs. last recorded sale+$555,000 / +2775.0%

$550,000$575,000 midpoint$600,000

Price / sq ft$253

Median sale price$512,500

Avg days on market39 days

Inventory2.1 months

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.

About the property

Rare 0.48-Acre Lot with Ranch Home and Redevelopment Upside

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$1,375,000

Property address108 Clements Dr, Morrisville, NC 27560

5 bed4 bath5,050 sq ftBuilt 20220.1 mi20,909 sq ft lot$272/SF

Sold Jul 28, 2025

Subject difference

2,779 SF larger
3 additional bedrooms
2 additional bathrooms
Similar lot size
14 years newer

Research comparison noteNewer construction on similar lot size; higher price point due to size and amenities

02Sold price$1,560,000

Property address112 Trellingwood Dr, Morrisville, NC 27560

5 bed4.5 bath4,126 sq ftBuilt 19990.5 mi28,314 sq ft lot$378/SF

Sold Aug 28, 2025

Subject difference

1,855 SF larger
3 additional bedrooms
2.5 additional bathrooms
7,405 SF larger lot
9 years older

Research comparison noteLarger home with premium finishes in nearby neighborhood

03Sold price$1,010,000

Property address112 Glenspring Way, Morrisville, NC 27560

4 bed4 bath3,883 sq ftBuilt 20020.6 mi20,909 sq ft lot$260/SF

Sold Jun 4, 2025

Subject difference

1,612 SF larger
2 additional bedrooms
2 additional bathrooms
Similar lot size
6 years older

Research comparison noteComparable lot size and age; slightly larger home

Comp methodology: Focused on properties within 0.5 miles in Morrisville sold or leased in last 6 months for maximum relevance

Property details

A 2008 ranch on 0.48 acres.

Building

Year built2008

ConstructionWood Frame

RoofFiberglass

Heatingcentral

Coolingcentral air

Site & utilities

Lot size0.48 acres

Garagecarport

Stories1

ConditionAverage

BasementNone

FireplaceNo

Improvement notes2 bedrooms, 2 bathrooms, built in 2008, potential for redevelopment

Lot area20,909 sq ft

TopographyLevel

FrontageStandard residential frontage on Clements Dr

ParkingCarport And Driveway

Parking spaces2

Parking notesCarport to be removed; driveway parking available

AccessStandard residential driveway from Clements Dr

WaterPublic

SewerPublic

ElectricDuke Energy

GasPiedmont Natural Gas

Location & nearby

Green Woods

Researched nearby locations

Morrisville Community Park (1.2 mi)

Park West Village Shopping Center (2.5 mi)

Raleigh-Durham International Airport (3.5 mi)

Location

112 Clements Dr, Morrisville, NC 27560

View map

View in Google Maps

Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryCedar Fork Elementary (7/10)

Middle schoolWest Cary Middle (6/10)

High schoolPanther Creek High (8/10)

School districtWake County Public School System

Market context

A factual market snapshot around 112 Clements Dr.

Median sale price$512,500

Avg days on market39 days

Inventory2.1 months

1-year appreciation5.0%

5-year appreciation25.0%

Editorial market perspective

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.

Zoning & land use

Residential Neighborhood Preservation

Zoning

Zoning codeRNP

DescriptionResidential Neighborhood Preservation

JurisdictionTown of Morrisville

Assessor useSingle Family Residential

Current useResidential

SetbacksStandard residential setbacks; verify with local zoning ordinances

Research-indicated uses

Single Family Residential

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$275,000

Assessed improvements$127,786

Total assessed$402,786

Assessment year2025

Annual property tax$3,512.56

Tax year2025

Sale history

1987-12-09$20,000 · $8.8/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$2,500/mo

Property address112 Vail Ct, Morrisville, NC 27560

4 bed3.5 bath3,346 sq ft$0.75/SF

Leased Jul 1, 2025

Subject difference

1,075 SF larger
2 additional bedrooms
1.5 additional bathrooms

Research comparison noteLarger home with more bedrooms; rent adjusted for size

02Monthly rent$2,200/mo

Property address112 History Pl, Morrisville, NC 27560

3 bed2.5 bath2,824 sq ft$0.78/SF

Leased Jun 15, 2025

Subject difference

553 SF larger
1 additional bedroom
0.5 additional bathrooms

Research comparison noteSlightly larger home with additional bedroom

Research findings & due diligence

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

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)

Still worth verifying

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

Confirm lot dimensions and boundaries
Verify zoning regulations for redevelopment
Assess condition of existing structure
Review potential for rental income during redevelopment planning

Highlights & features

What stands out about this property.

01Large 0.48-acre lot with redevelopment potential

02Competitive list price: $599,900 ($264/sf)

03Single-level ranch—2,271 SF

04Zoned RNP (Residential Neighborhood Preservation)

05Close proximity to RTP and RDU

06Estimated rental potential: ~$2,000/month

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

Research transparency

Sources & research confidence.

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

View sources & confidence

Raleigh Realty listing for 112 Clements DrView source

Redfin listing for 112 Clements DrView source

City-Data property valuation for Clements DriveView source

Town of Morrisville Public Records RequestsView source

Redfin listing for 108 Clements DrView source

Redfin listing for 112 Trellingwood DrView source

Redfin listing for 112 Glenspring WayView source

Redfin listing for 112 Vail CtView source

Redfin listing for 112 History PlView 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.