$305,000
3 Bed · 2 Bath · 1,359 Sq Ft
Single-story 3BR/2BA on a level 0.19-acre lot near parks and greenway
3
Beds
2
Baths
1,359
Sq Ft
1978
Built
0.19 acres
Lot
none
Garage
This single-story ranch presents a clear value story: original 1978 character with hardwood floors and a level .19-acre lot just a short walk from Buffaloe Road Athletic Park and the Neuse River Greenway. At roughly 1,359 square feet, the layout reads as practical and comfortable — three bedrooms and two bathrooms arranged for easy daily living, central AC and forced-air heating keeping systems straightforward, and driveway parking for two. The home’s footprint and R-4 zoning also create possibilities for an accessory dwelling unit or incremental improvements that add measurable value.
Walking the property you feel the period details — hardwoods underfoot in the main rooms, original fixtures that speak to sound construction — alongside sensible, modern essentials like municipal water/sewer and Duke Energy service. The roof is asphalt shingle (age unknown), and the overall condition is described as average; for buyers seeking a turnkey flip, cosmetic refreshes and targeted system upgrades would unlock quick upside. Comparable sales on Dusty Lane and within a half-mile show recent closings in the $290k–$305k range, supporting a market valuation in the $290k–$320k corridor.
Location is a defining asset. The home sits in Northeast Raleigh with quick access to Buffaloe Road (0.2 miles to Buffaloe Rd), local athletic fields, and greenway trails that make outdoor activity a daily option. Triangle Town Center and WakeMed Raleigh Campus are within a short drive, making commutes and errands convenient while preserving the quieter, residential character of this block.
Buyers should view this property as a practical entry into a steady-appreciating submarket: the assessed value here ($251,825) is below neighbor-driven market estimates, presenting potential immediate equity for a buyer who completes prioritized due diligence. Required verifications include roof assessment, permit reviews for any prior renovations, and a professional home inspection — standard steps to confirm condition and scope for value-add work. Given current market dynamics in Northeast Raleigh, this ranch is well positioned for a buyer who wants a livable home now with clear renovation and rental possibilities down the line.
Northeast Raleigh blends quiet residential streets with convenient access to amenities. Families and professionals value proximity to Buffaloe Road Athletic Park and the Neuse River Greenway for recreation, while WakeMed and Triangle Town Center are only a short drive away. Demographics show steady population and income growth, and the community maintains a practical, suburban feel with local shopping corridors and established schools. The area’s recent appreciation and limited inventory make it appealing for both owner-occupiers and investors seeking a stable Raleigh submarket.
Northeast Raleigh is currently tilted toward sellers: inventory sits near 2.5 months and homes in this submarket average about 38 days on market. Median sale price for the area is approximately $345,000, with one-year appreciation near 5% and five-year appreciation around 25% — indicators of steady demand and longer-term growth. Single-family homes like this ranch typically perform well, moving quickly when priced in-line with comps; recent sales within a half-mile recorded prices from $290,368 to $304,479 with price-per-square-foot metrics in the low-$200s ($216–$224/ft²). Rental demand in the neighborhood remains solid too — estimate rent for a comparable 3BR is about $1,800/month (rent-per-sf ~1.32), so this property can appeal to buy-and-hold investors as well as owner-occupants. Low inventory and proximity to parks, healthcare, and retail create a favorable window for buyers who act promptly and factor in modest renovation budgets. That said, buyers should undertake standard due diligence — roof inspection, permit verification, and system assessments — to calibrate renovation timing and costs.
Wilburn Elementary
Elementary
Durant Road Middle
Middle
Heritage High
High
Very good access to outdoor recreation with Buffaloe Road Athletic Park about 0.5 miles away and the Neuse River Greenway within roughly 1 mile; convenient trails and parks for daily walking, biking, and team sports.
Potential for value-add through renovations in a steadily appreciating neighborhood. Proximity to amenities and strong market conditions suggest favorable resale potential.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$290K
Midpoint
$305K
High
$320K
$224/SF estimated price per square foot
Sales comparison approach using neighboring property data and market trends. Adjusted for size, condition, and age. Assessed value of $251,825 appears below market.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Northeast Raleigh has experienced steady growth with increasing property values. Walkability Rating estimate: 60/100.
Proximity to parks, healthcare facilities, and shopping centers enhances lifestyle appeal.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$79/SF
Arm's length transaction
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