Raleigh NC Wake County 4 Bedroom 3 Bathroom Single Family $800K-$1M Transitional Lake Wheeler Large Lot Main-Level Primary No HOA Listed by Richard Hiatt

CompCasa valuation analysis

Estimated market value

$902,500

Low $855,000 · Midpoint $902,500 · High $950,000

Confidence70%Sales comparison approach

CompCasa estimate$902,500Mar 14, 2026

$855,000$902,500 midpoint$950,000

Price / sq ft$240

Median sale price$420,000

Avg days on market25 days

Inventory2.5 months

Estimate anchored to MLS list price ($899K) and Redfin AVM (~$905K), adjusted ±5–6% to reflect lot size (~1.29 acres), main-level primary suite, custom finishes and current South Raleigh market conditions. No live comparable sales pulled — recommended verification with recent sold comps.

About the property

Spacious 4BR Transitional Home on 1.29 Acres near Lake Wheeler

This thoughtfully detailed transitional home offers generous scale and outdoor privacy on just over 1.29 acres in South Raleigh. At approximately 3,739 finished square feet, the floorplan centers on comfortable living and purposeful storage: a main-level primary suite includes two walk-in closets and a spa-like ensuite with heated floors, while custom built-ins and abundant cabinetry appear throughout the main living areas.

The kitchen was designed for functional entertaining — granite counters, double ovens, tile backsplash and two built-in refrigerated wine drawers pair with a convenient butler's pantry adjacent to the dining area. A flexible office/flex room with its own closet and a full bath on the main level offers private guest or work-from-home accommodations. Upstairs, three bedrooms share a full bath, and a large bonus room plus a walk-in attic deliver storage and expansion potential.

Outdoor living is a standout: the screened porch, covered deck and open deck create multiple entertaining zones overlooking a wrought-iron fenced backyard — an ideal layout for family gatherings or quiet evenings. The large lot also provides room for future additions, detached parking, or landscaping projects where local zoning permits. With no HOA, this property gives you flexibility while staying minutes from Lake Wheeler Park, retail along Fayetteville Road, and direct routes downtown.

This home is presented in move-in-ready condition with mature landscaping and custom details rare in today’s resale market. Schedule a showing to experience the scale, privacy, and conveniences this Lake Wheeler Rd property delivers.

Property details

A 2007 transitional on 1.29 acres.

Building

Year built2007

ConstructionWood Frame With Likely Brick/Veneer And Siding (Typical For Raleigh Homes Of This Era)

RoofAsphalt Shingle (Likely)

Heatingcentral heating (likely gas furnace)

Coolingcentral A/C (likely)

Site & utilities

Lot size1.289 acres

GarageNo attached garage recorded; potential to add detached garage or carport

Stories2

ConditionGood

BasementNone

FireplaceNo

Improvement notesCustom built-ins, extensive cabinetry, heated floors in primary ensuite, butler's pantry, screened porch, covered deck, open deck, fenced yard, large unfinished walk-in attic for storage. Interior hardwoods on main level indicated in listing remarks.

Lot area56,192 sq ft

TopographyLevel

FrontageFronts on Lake Wheeler Rd; established residential corridor with mature landscaping

ParkingDriveway And Surface

Parking spaces4

Parking notesNo attached garage recorded in MLS feed; likely driveway and onsite surface parking. Large lot allows ample guest parking and potential for a detached garage/addition.

AccessDirect access to Lake Wheeler Rd — easy drive to I-40/Fayetteville Rd corridor

WaterCity Of Raleigh Water (Likely)

SewerMunicipal Sewer (Likely)

ElectricPublic Grid (Duke Energy Likely)

GasNatural Gas Available (Likely)

Location & nearby

Lake Wheeler / South Raleigh

Researched nearby locations

Lake Wheeler Park (0.5–1 mi)

Fayetteville Rd retail corridor (2-3 mi)

Location

3104 Lake Wheeler Rd #0, Raleigh, NC 27603

View map

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Editorial neighborhood context

The Lake Wheeler / South Raleigh area blends established residential pockets with nearby outdoor amenities. Properties here often feature larger lots and mature landscaping, offering a quieter, suburban feel within an easy drive of downtown Raleigh, Fayetteville Road retail, and several parks. Buyers here prioritize privacy and space while maintaining quick access to city conveniences.

Nearby access summary

Excellent access to Lake Wheeler Park and nearby green spaces; multiple outdoor living areas on property expand usable recreation space.

ElementaryLikely assigned within Wake County Public Schools — verify assignment (see school notes)

Middle schoolLikely assigned to a Wake County middle school near south Raleigh (verify)

High schoolAthens Drive High School (commonly serves much of south Raleigh; estimate rating ~6–7/10)

School districtWake County Public School System

Market context

A factual market snapshot around 3104 Lake Wheeler Rd.

Median sale price$420,000

Avg days on market25 days

Inventory2.5 months

1-year appreciation600.0%

5-year appreciation2200.0%

Editorial market perspective

South Raleigh continues to attract buyers who want larger lots and easy access to downtown and RTP without the price of inner-city neighborhoods. Inventory for single-family homes remains relatively tight, particularly for properties with big yards and main-level primary suites that appeal to downsizers and multi-generational households. Median sale prices across the southern Raleigh/27603 submarket have risen in recent years (mid-single-digit annual appreciation), and homes that combine quality finishes with an oversized lot—like this one—tend to receive strong interest and multiple-offer scenarios when marketed correctly. With an asking price of $899,000 and price-per-square-foot of approximately $240, this home is competitively positioned among larger-lot listings. Buyers should verify school assignments and consult recent sold comps for final pricing strategy.

Zoning & land use

Residential single-family zoning (typical low-density residential classification for this corridor). Verify with city zoning maps for development rights and setbacks.

Zoning

DescriptionResidential single-family zoning (typical low-density residential classification for this corridor). Verify with city zoning maps for development rights and setbacks.

JurisdictionCity of Raleigh / Wake County

Current useResidential

Research-indicated uses

Single Family Detached Residential
Accessory Structures (Subject To Setbacks)
Possible Home Office/Residential Accessory Uses (Per Local Code)

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.

Research findings & due diligence

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

Key findings

3,739 SF of living space with 4 beds/3 baths (2007 construction)
List price $899,000; AVM ~$905k; estimated value range $855k–$950k
Large, mature lot (56,192 SF) increases relative value vs. typical 27603 parcels
Main-level primary and office/flex with adjacent full bath increases marketability
No attached garage recorded — creates optional upside to add structured parking

Highlights & features

What stands out about this property.

01Main-level primary suite with heated floors in ensuite

02Large private lot (~1.29 acres) with multiple outdoor living spaces

03Custom built-ins, butler's pantry, double ovens and wine drawers

04No HOA — flexibility for owners

053,739 SF finished — excellent storage and bonus-room space

Interior Features

Main-level primary bedroom with two walk-in closets
Primary ensuite with heated floors
Hardwood floors on main level (per listing remarks)
Kitchen with granite counters, tile backsplash, double ovens
Two built-in refrigerated wine drawers
Butler's pantry adjacent to dining area
Flexible office/flex room with custom cabinetry and closet
Large upstairs bonus room and walk-in attic storage

Exterior & Lot

Approximately 1.29-acre lot (56,192 SF)
Screened porch, covered deck, open deck
Wrought-iron fenced backyard
Mature landscaping and private rear yard
No HOA — flexible exterior use (verify with zoning)

Location & Neighborhood

South Raleigh location near Lake Wheeler Park
Short drive to Fayetteville Rd retail and dining corridors
Reasonable commute to downtown Raleigh and RTP
Neighborhood character: established single-family lots with mature trees

Walkability & Recreation

Walkability Rating: 40/100
Close access to Lake Wheeler Park and local greenways
Drive to shopping and restaurants in under 10–15 minutes

Research transparency

Sources & research confidence.

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

View sources & confidence

Redfin MLS ScrapeView source

Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.