Property listing for 184 Travel Lite Dr, Raleigh, NC 27603
For SaleSingle Family Home

$500,000

184 Travel Lite Dr, Raleigh, NC 27603

Private 3BR/2.5BA Transitional Home on a 1.13‑Acre Lot

3 Bed · 2.5 Bath · 2,235 Sq Ft

Large lot, screened porch, recent mechanical and exterior updates

3

Beds

2.5

Baths

2,235

Sq Ft

2005

Built

1.13 acres

Lot

2-car attached

Garage

About 184 Travel Lite Dr

What immediately distinguishes 184 Travel Lite Dr is the scale and solitude of the grounds: a generous 1.13‑acre parcel in Waverly Pointe with 75 feet of frontage and a wooded backyard that provides real separation from neighbors. A screened porch faces the trees and creates an ideal spot for evening conversation or a quiet cup of coffee while remaining only minutes from everyday conveniences. The community pond is an easy stroll, reinforcing the semi-rural feel within Raleigh city limits.

Inside, the home’s 2,235 square feet are arranged for comfortable family living. Hardwood floors and a working fireplace anchor shared spaces; the kitchen has granite countertops and updated appliances that balance durability and style. Three bedrooms and two-and-a-half baths give space and privacy, while practical systems keep the house low-maintenance—HVAC units were replaced in 2018/2019 and the roof and vinyl siding were updated in 2019. A two‑car attached garage and driveway provide parking for four vehicles.

The property’s utilities and systems reflect thoughtful stewardship: public water, septic, central AC and forced‑air heat, plus recent exterior and mechanical updates that reduce near‑term capital needs. With no HOA restrictions, the large lot offers flexibility for gardens, outbuildings, or a play area—an appealing option for buyers who want private outdoor space without sacrificing access to the city.

Location strikes a practical balance. Waverly Pointe is quiet and primarily residential, with Waverly Pointe Community Pond a short distance away and White Deer Park and regional shopping a short drive beyond. NC‑42 is about 1.5 miles from the neighborhood, and downtown Raleigh sits roughly 12 miles away—close enough for commuting or weekend nights out. The home sits within the Wake County Public School System; Rand Road Elementary is noted as well‑rated in the area.

From a value perspective, recent neighborhood sales and a valuation model place fair market value in the $475K–$525K range (midpoint $500K). Whether you’re seeking a long‑term primary residence with space for expansion or an investment in a steadily appreciating pocket of Wake County, this property’s combination of scale, updates, and location makes it a rare offering. Schedule a tour to see how the lot and screened porch deliver everyday privacy minutes from Raleigh.

Home Highlights

Large 1.13‑acre lotScreened porch with wooded backyard viewsNew roof and vinyl siding (2019)HVAC units replaced (2018/2019)Hardwood floors and granite countertops2‑car attached garageNo HOAOwner‑occupied with recent maintenance

Property Features

Interior Features

  • 3 bedrooms, 2.5 bathrooms
  • 2,235 square feet of living space
  • Hardwood floors in main living areas
  • Granite countertops
  • Updated appliances
  • Working fireplace
  • Central AC and forced‑air heating

Exterior & Lot

  • 1.13‑acre lot (approx. 49,223 sq ft)
  • Screened porch overlooking wooded backyard
  • New roof (2019)
  • Vinyl siding replaced (2019)
  • 2‑car attached garage plus driveway parking (4 spaces)
  • Septic system; public water

Location & Neighborhood

  • Waverly Pointe neighborhood
  • Waverly Pointe Community Pond (0.2 mi)
  • White Deer Park ~5 miles
  • Approximately 12 miles to Downtown Raleigh
  • Convenient to shopping centers including Garner Towne Square (~6 mi)
  • Wake County Public School System

Walkability & Recreation

  • Walkability Rating: 30/100 — Car‑Dependent
  • Walking access to Waverly Pointe Community Pond
  • Nearby green spaces and neighborhood walking areas
  • Short drive to regional parks and recreational amenities
  • Community atmosphere with large lots and private yards

Neighborhood & Location

Waverly Pointe offers spacious residential lots and a quiet, semi‑rural character while remaining within easy reach of Raleigh. The neighborhood centers around a community pond and wooded parcels, giving homeowners privacy and outdoor space. Daily errands typically require a car, but essential shopping and parks are a short drive away. Families benefit from Wake County schools and the community’s low‑traffic streets; for broader dining, culture, and employment opportunities, downtown Raleigh is about 12 miles away.

Market Insights

Waverly Pointe and the surrounding 27603 submarket currently read as a balanced-to-lightly seller‑leaning market. Inventory sits at roughly 2.5 months—below a neutral six‑month supply—so well‑priced homes typically find buyers within the neighborhood’s average window of about 35 days on market. Median sale prices in the local area are near $450,000 with one‑year appreciation around 5% and five‑year appreciation of approximately 25%, indicating steady upward pressure on values rather than rapid spikes. Recent comparable sales within a half mile (sales between $425K and $440K in the last 18 months, and a closest recent sale at $440K) show active demand for three‑bedroom homes with sizable lots; price-per-square-foot in comps ranges roughly from $191–$203.

For sellers, the low inventory and consistent buyer interest support listing near the upper end of model-derived ranges when the home is presented with recent updates and strong marketing. For buyers, the market’s short supply suggests acting decisively on competitively priced, well‑maintained properties—especially those with large lots and upgrades that limit immediate capital needs (this home’s roof/siding and HVAC replacements are meaningful in that respect). Investors will note steady rental demand—estimated rent around $2,200/month—while owner‑occupants will appreciate the long‑term appreciation trend and proximity to Raleigh amenities.

Nearby Schools

Rand Road Elementary

Elementary

7/10

North Garner Middle

Middle

2/10

Garner High

High

5/10

Walkability & Recreation

30
Walkability
75
Recreation

Excellent immediate access to the neighborhood pond and nearby parks—Waverly Pointe Community Pond is steps away and White Deer Park sits roughly 5 miles out—offering options for walking, casual outdoor recreation, and family outings.

Investment Highlights

  • Recent updates: new roof and vinyl siding (2019), HVAC units replaced (2018/2019)
  • Large 1.13-acre lot offering privacy and potential for future improvements
  • Located in Waverly Pointe with access to community pond and nearby parks
  • Proximity to shopping centers and downtown Raleigh
  • Steady market appreciation with 25% increase in median home values over 5 years

Key Findings

  • Assessed value $433,654 (land $85K, improvements $348,654) — annual taxes $2,794
  • Zoned HD — residential use
  • 3 comparable sales within 0.5 miles in last 6 months range $450K–$525K
  • Average days on market in area: 35 days (balanced market)

Things to Consider

  • Built in 2005 — recommend inspection of major systems
  • Middle and high schools have average ratings
  • Limited public transportation options in the area

Opportunity Analysis

Well-maintained home in a growing area with recent updates and a large lot. Proximity to amenities and steady market appreciation suggest strong resale potential.

Potential Use Scenarios

  • Potential primary residence with privacy and space for future improvements
  • Investment property with steady appreciation and rental demand

Risk Factors

  • Age of major systems — recommend inspection
  • School ratings may impact family buyer interest

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

AI Valuation Estimate

Low

$475K

Midpoint

$500K

High

$525K

$224/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $433,654 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$450,000
Avg Days on Market35 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)5,000
Median Income (1 mi)$75,000

Steady population growth with increasing property values. Walkability Rating estimate: 30/100.

Nearby Points of Interest

  • Waverly Pointe Community Pond (0.2 mi)
  • White Deer Park (5 mi)
  • Garner Towne Square (6 mi)
  • Downtown Raleigh (12 mi)

Quiet residential area with access to community pond and nearby parks. Convenient to shopping centers and downtown Raleigh.

School District

DistrictWake County Public School System
ElementaryRand Road Elementary (7/10)
MiddleNorth Garner Middle (2/10)
HighGarner High (5/10)

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

Property Details

Building Details

Year Built2005
Constructionwood frame
Stories2
Roofshingle
Heatingforced air
Coolingcentral AC
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size1.13 acres (49,223 SF)
Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces4
Frontage75 ft frontage on Travel Lite Dr

Utilities

Waterpublic
Sewerseptic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeHD
DescriptionResidential
JurisdictionWake County

Allowed Uses

single family
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$433,654
Land$85,000
Improvements$348,654
Annual Tax (2025)$2,794

Sale History

2023-07-19$471,500

$211/SF

Arm's length transaction

2009-02-27$205,000

$92/SF

Arm's length transaction

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