Property listing for 303 South Bend Dr, Knightdale, NC 27545
For SaleSingle Family Home

$285,000

303 South Bend Dr, Knightdale, NC 27545

Updated 3-Bed Ranch on a Half-Acre with Detached Garage

3 Bed · 2 Bath · 1,183 Sq Ft

Vaulted ceilings, screened porch, big backyard — close to Raleigh

3

Beds

2

Baths

1,183

Sq Ft

1984

Built

0.46 acres

Lot

2-car detached

Garage

About 303 South Bend Dr

This single-story ranch on South Bend Drive stands out for its generous, private lot — roughly 0.46 acres — a rare offering in Ashley Hills. Approaching the home you’ll notice the wide lawn and mature landscaping that frame a detached two-car garage and a welcoming screened porch. Inside, vaulted ceilings open the main living area and create airy sightlines to the fireplace and recently refreshed paint palette.

The 1,183 SF floorplan is efficient and comfortable: a clearly zoned living area with a brick fireplace anchors daily life, while the kitchen and dining zone open to the screened porch, making indoor-outdoor entertaining effortless. Three bedrooms share two full baths; the primary suite provides straightforward access to the backyard for morning coffee or evening stargazing. Recent updates and good overall condition mean this home is ready for immediate occupancy while still offering clear potential for personalization or expansion on the large lot.

Outdoor space is a standout here. The level backyard provides room for gardeners, a play area, or a future addition; zoning (R-20) allows accessory dwelling units, giving buyers flexibility for guest space or rental income subject to town approvals. The detached garage is a practical bonus — ideal for a workshop, storage, or vehicle parking separate from the main house.

Location is quietly convenient. Knightdale’s growth shows in nearby conveniences: Knightdale Station Park (≈1.5 miles), Shoppes at Midway Plantation (≈2 miles) and WakeMed Knightdale Healthplex (≈2.5 miles) are all short drives. The Neuse River Trail is within about three miles for weekend rides or runs. Combined with central AC, forced-air heat, a shingle roof, and public utilities, this property blends suburban ease with strong access to the Raleigh-Cary MSA.

From an ownership perspective, the home has moved recently (sold March 2025 for $287,000) and sits near market value estimates of $275K–$295K. That track record, the large lot and detached garage make 303 South Bend Dr a compelling buy for downsizers, first-time homeowners seeking land, or investors targeting steady Knightdale demand. Important next steps: verify condition of major systems (roof, HVAC) and confirm lot boundaries and any HOA or town requirements prior to contract.

Home Highlights

Move-in readyFresh interior paintVaulted ceilingsScreened porchDetached two-car garageLarge 0.46-acre lotFireplacePublic water and sewer

Property Features

Interior Features

  • 1,183 square feet, single-story ranch
  • 3 bedrooms, 2 full bathrooms
  • Vaulted ceilings in main living area
  • Fireplace in living room
  • Fresh interior paint
  • Efficient forced-air heating and central AC
  • Screened porch access from living/dining area

Exterior & Lot

  • 0.46-acre lot (approx. 20,038 SF)
  • Detached two-car garage with driveway parking
  • Level yard with mature landscaping
  • Shingle roof
  • Private backyard with room for expansion or gardening
  • Frontage on South Bend Dr

Location & Neighborhood

  • Neighborhood: Ashley Hills — quiet residential enclave
  • Short drive to Knightdale Station Park (1.5 miles)
  • Near Shoppes at Midway Plantation (≈2 miles)
  • WakeMed Knightdale Healthplex (≈2.5 miles)
  • Easy access to Raleigh-Cary MSA commuting routes

Walkability & Recreation

  • Walkability Rating: 45/100 — Car-Dependent
  • Nearby parks and green spaces: Knightdale Station Park (1.5 mi)
  • Hiking and biking trails within 3 miles (Neuse River Trail)
  • Shopping and services within a 2–3 mile drive
  • Community recreation options and nearby healthcare facilities

Neighborhood & Location

Ashley Hills is a quiet, established neighborhood in Knightdale that appeals to buyers seeking suburban space within easy reach of Raleigh. Streets are lined with mature trees and single-family homes on generous lots. Residents value nearby parks, local dining and shopping corridors, and straightforward access to the Neuse River Trail. With ongoing residential growth across Knightdale and new retail nodes near Midway Plantation, the area balances neighborhood calm with growing conveniences.

Market Insights

Knightdale is currently favoring sellers. Inventory in the area sits around 2.5 months and homes average about 30 days on market — a pace that typically produces multiple-offer scenarios on well-priced single-family homes. Median sale price for the immediate area is approximately $275,000, and the market has shown modest short-term appreciation (≈5% year-over-year) and stronger gains over five years (~25%).

Single-family ranches like 303 South Bend Dr perform especially well here because of limited inventory for move-in-ready homes on larger lots. Recent comps inside a half-mile sold between $275K and $320K in the last 12 months; the subject property’s estimated value range of $275K–$295K and midpoint of $285K aligns with those sales and the $287K sale recorded in March 2025. Days on market and low inventory make this a favorable time for sellers, while buyers who act decisively and bring clean offers can still secure value—particularly with homes that offer usable land or detached garages. Investors will note steady rental demand (estimated rent ~$1,500/month) and a gross yield near 6.3% based on local comps.

Nearby Schools

Lake Myra Elementary

Elementary

6/10

Wendell Middle

Middle

6/10

East Wake High

High

5/10

Walkability & Recreation

45
Walkability
80
Recreation

Very good recreation access with Knightdale Station Park about 1.5 miles away, the Neuse River Trail within roughly 3 miles, and multiple neighborhood green spaces and community facilities for walking, biking, and weekend outings.

Investment Highlights

  • Well-maintained with recent updates reducing near-term maintenance costs
  • Knightdale — one of the fastest-growing suburbs in the Raleigh-Cary MSA
  • Proximity to Raleigh and local amenities enhances lifestyle appeal
  • Large 0.46-acre lot offers potential for expansions or outdoor activities
  • Detached two-car garage provides additional storage or workspace

Key Findings

  • Property sold in March 2025 for $287,000 ($242/SF) — current estimate $285,000 ($241/SF)
  • Assessed value $261,193 (land $95K, improvements $166,193) — annual taxes $1,642
  • Zoned R-20 — allows single-family residences and accessory dwelling units
  • 3 comparable sales within 0.5 miles in last 12 months range $275K–$320K
  • Average days on market in Knightdale: 30 days (seller's market)

Things to Consider

  • Built in 1984 — major systems (roof, HVAC) should be inspected for age and condition
  • Schools have average ratings — may impact family buyer interest
  • Proximity to major roads — potential for traffic noise during peak hours

Opportunity Analysis

Well-maintained ranch in a growing suburb with recent updates and below-assessed-value pricing. Large lot and detached garage offer additional flexibility. Limited inventory and high demand suggest strong resale potential.

Potential Use Scenarios

  • Potential primary residence in a growing suburb with proximity to Raleigh
  • Large lot offers potential for expansions or outdoor activities
  • Detached garage may be utilized for additional storage or workspace

Risk Factors

  • 1984 construction — major systems should be inspected for age and condition
  • Average school ratings may deter some family buyers
  • Proximity to major roads — potential for traffic noise during peak hours

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

AI Valuation Estimate

Low

$275K

Midpoint

$285K

High

$295K

$241/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 12 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $261,193 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$275,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)8,000
Median Income (1 mi)$75,000

Knightdale has experienced significant growth over the past decade, with new residential developments and commercial establishments enhancing the area's appeal.

Nearby Points of Interest

  • Knightdale Station Park (1.5 mi)
  • Shoppes at Midway Plantation (2 mi)
  • WakeMed Knightdale Healthplex (2.5 mi)
  • Neuse River Trail (3 mi)

Proximity to parks, shopping centers, healthcare facilities, and recreational trails.

School District

DistrictWake County Public School System
ElementaryLake Myra Elementary (6/10)
MiddleWendell Middle (6/10)
HighEast Wake High (5/10)

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

Property Details

Building Details

Year Built1984
Constructionwood frame
Stories1
Roofshingle
Heatingforced air
Coolingcentral AC
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.46 acres (20,038 SF)
Topographylevel
Parkingdetached_garage_and_driveway
Parking Spaces4
FrontageFrontage on South Bend Dr

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-20
DescriptionResidential District
JurisdictionTown of Knightdale

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$261,193
Land$95,000
Improvements$166,193
Annual Tax (2025)$1,642

Sale History

2025-03-18$287,000

$242/SF

Arm's length transaction

2019-02-14$159,500

$135/SF

Arm's length transaction

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