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.
Updated 3-Bed Ranch on a Half-Acre with Detached Garage
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.
See the properties helping shape the valuation.
Comparable sales
- 62 SF smaller
- 3,048 SF larger lot
- 4 years older
- 45 SF larger
- Similar lot size
- 2 years older
- 223 SF smaller
- 1 fewer bathroom
- Similar lot size
- 2 years older
A 1984 ranch on 0.46 acres.
Building
Site & utilities
Ashley Hills
Researched nearby locations
Location
303 South Bend Dr, Knightdale, NC 27545
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.
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.
A factual market snapshot around 303 South Bend Dr.
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.
Residential District
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 183 SF smaller
- 183 SF smaller
What the research supports — and what is still worth verifying.
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)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify age and condition of major systems (roof, HVAC)
- Review any HOA restrictions
- Professional home inspection
- Confirm zoning allowances for potential expansions
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.