Homes/North Carolina/Raleigh/3810 Grey Harbor Dr #307
CompCasa Property Analysis · condo

3810 Grey Harbor Dr #307

Light-filled Loft Condo with Fireplace and Two Screened Porches

Spacious 1BR + loft condo in North Raleigh — priced to move

1 beds1.5 baths1,006 sq ftBuilt 1986none
CompCasa valuation analysis
Estimated market value
$170,000
Low $160,000 · Midpoint $170,000 · High $180,000
Confidence82%Sales comparison approach
Last recorded sale$110,000Feb 1, 2021
Assessed value$172,1592025 assessment
CompCasa estimate$170,000Mar 8, 2026
Estimate vs. last recorded sale+$60,000 / +54.5%
$160,000$170,000 midpoint$180,000
Price / sq ft$169
Median sale price$366,000
Avg days on market45 days
Inventory2.5 months

Sales comparison approach using recent sales of similar units within the same complex. Adjusted for size, condition, and market trends.

About the property

Light-filled Loft Condo with Fireplace and Two Screened Porches

You’ll notice the vertical volume the moment you step inside this loft-style condo at Villages East — an intelligently arranged 1-bedroom with a true loft and a cozy fireplace that defines the upper-level living area. At 1,006 square feet the floor plan feels larger than typical one-bed condos: the loft is a flexible third space for a home office, guest sleep area, or intimate TV nook, and the fireplace gives that space curb appeal and year-round comfort.

Practical living stretches beyond the interior. This unit includes two screened-in porches that extend living outdoors without the pests — perfect for morning coffee, potting succulents, or creating a private reading spot. The building’s construction (frame with a shingle roof) and systems are typical of 1986 construction; HVAC is central with forced air and central AC. Surface, unassigned parking is available in the complex — convenient for residents and visitors.

Location is a standout: the condo sits in Northeast Raleigh with easy access to Capital Boulevard (about 0.5 miles), shopping at Triangle Town Center (1.2 miles), and everyday green space at Spring Forest Road Park (0.3 miles). Wake Technical Community College is roughly 2.5 miles away — a benefit for students or faculty looking for nearby housing. The unit has been owner-occupied since 2021 and shows the practical wear of lived-in comfort.

From an investment angle this listing is competitively priced at $135,000 (about $134/sqft). Comparable sales inside the same building have ranged higher in recent years — including a 2023 sale at Unit 306 and a remodeled two-bedroom sale in 2025 — which illustrates steady demand for condos here. For buyers seeking affordability without sacrificing location, this property delivers a rare combination: loft living, dual screened porches, and proximity to shopping and transit corridors. Buyers should verify HOA fees and review inspection reports (pending) to confirm condition and costs, but the package is an attractive option for first-time owners or rental investors seeking a compact, versatile unit in North Raleigh.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$200,000
Property address3810 Grey Harbor Dr #306, Raleigh, NC 27616
1 bed1.5 bath990 sq ftBuilt 19860 mi$202/SF
Sold Jun 8, 2023
Subject difference
  • 16 SF smaller
  • Same year built
Research comparison noteSimilar unit with slightly smaller square footage, sold recently at a higher price point.
02Sold price$167,000
Property address3810 Grey Harbor Dr #203, Raleigh, NC 27616
1 bed1.5 bath752 sq ftBuilt 19860 mi$222/SF
Sold Jan 20, 2023
Subject difference
  • 254 SF smaller
  • Same year built
Research comparison noteSmaller unit with higher price per square foot, indicating strong demand.
03Sold price$190,000
Property address3810 Grey Harbor Dr #107, Raleigh, NC 27616
2 bed2 bath868 sq ftBuilt 19860 mi$219/SF
Sold Apr 15, 2025
Subject difference
  • 138 SF smaller
  • 1 additional bedroom
  • 0.5 additional bathrooms
  • Same year built
Research comparison noteFully remodeled unit with two bedrooms, sold at a premium.
Comp methodology: Focused on recent sales and rentals within the same complex for maximum relevance.
Property details

A 1986 loft style.

Building

Year built1986
ConstructionFrame
RoofShingle
Heatingforced air
Coolingcentral AC

Site & utilities

Garagenone
Stories2
ConditionAverage
BasementNone
FireplaceYes
Improvement notes1 bedroom, 1.5 bathrooms, loft space with fireplace, two screened-in porches
ParkingSurface
Parking notesOpen parking lot with unassigned spaces
AccessStandard residential access from Grey Harbor Dr
WaterPublic
SewerPublic
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Northeast Raleigh

Researched nearby locations

Triangle Town Center (1.2 mi)
Spring Forest Road Park (0.3 mi)
Wake Technical Community College (2.5 mi)

Location

3810 Grey Harbor Dr #307, Raleigh, NC 27616

View in Google Maps
Editorial neighborhood context

Northeast Raleigh offers a practical blend of shopping, parks, and commuter access. Residents enjoy close proximity to Triangle Town Center’s retail and dining options, quick trips to Spring Forest Road Park for outdoor recreation, and straightforward access to Capital Boulevard for commuting. The area mixes established residential pockets with convenient commercial corridors and local institutions like Wake Technical Community College. It’s a neighborhood favored by buyers seeking affordability without giving up access to city amenities.

Nearby access summary

Very good access to parks and urban amenities with Spring Forest Road Park (0.3 miles) and shopping at Triangle Town Center (1.2 miles); nearby green space and transit make daily recreation and errands convenient.

ElementaryWakefield Elementary (5/10)
Middle schoolEast Millbrook Middle (3/10)
High schoolWake Forest High School (8/10)
School districtWake County Public School System
Market context

A factual market snapshot around 3810 Grey Harbor Dr #307.

Median sale price$366,000
Avg days on market45 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

This sector of Northeast Raleigh currently reads as a balanced to slightly seller-leaning market for condominiums. Inventory is tight — roughly 2.5 months of supply — and average days on market sits near 45 days, which points to steady demand without the frenzy of a hot market. Median sale price across the area is about $366,000, though condos here trade well below that median due to affordability and product mix. Recent appreciation shows about a 5% uptick in the past year and roughly 25% over five years, indicating moderate but consistent growth. Within the Villages East complex, recent sales (2023–2025) have sold at price-per-square-foot metrics north of this list price, which suggests upside potential for buyers who plan modest cosmetic updates.

Condo product typically moves faster than comparable single-family homes in this corridor because of price-sensitive buyers and renters seeking proximity to employers and retail corridors. With an estimated rent near $1,200/month and a gross rental yield above 10%, investors will find this unit attractive; owner-occupants will benefit from lower entry cost and convenient access to Triangle Town Center and public transit. Given moderate appreciation, low inventory, and strong local demand for affordable units, now is an opportunistic time to consider this condo, provided buyers complete standard due diligence on HOA rules and property condition.

Zoning & land use

Residential Mixed Use

Zoning

Zoning codeRX-3
DescriptionResidential Mixed Use
JurisdictionCity of Raleigh
Assessor useCondominium
Current useResidential

Research-indicated uses

  • Residential
  • Multi Family
  • Commercial
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.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed improvements$172,159
Total assessed$172,159
Assessment year2025
Annual property tax$1,521
Tax year2025

Sale history

2021-02-01$110,000 · $109.34/SF
1994-03-01$58,000 · $57.67/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$1,200/mo
Property address3810 Grey Harbor Dr #203, Raleigh, NC 27616
1 bed1.5 bath752 sq ft$1.59/SF
Leased Aug 1, 2025
Subject difference
  • 254 SF smaller
Research comparison noteSimilar unit rented recently, indicating strong rental demand.
02Monthly rent$1,300/mo
Property address3810 Grey Harbor Dr #107, Raleigh, NC 27616
2 bed2 bath868 sq ft$1.5/SF
Leased Jul 15, 2025
Subject difference
  • 138 SF smaller
  • 1 additional bedroom
  • 0.5 additional bathrooms
Research comparison noteLarger unit with higher rent, reflecting demand for additional bedrooms.
Research findings & due diligence

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

Key findings

  • Assessed value of $172,159 in 2025
  • Annual property tax of $1,521 in 2025
  • Zoned RX-3 allowing residential mixed-use
  • Recent comparable sales range from $167,000 to $200,000
  • Average days on market in the area: 45 days

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm HOA fees and regulations
  • Verify condition of HVAC and appliances
  • Review recent inspection reports
  • Assess potential for rental income
Highlights & features

What stands out about this property.

Interior Features

  • 1 bedroom with loft space
  • 1.5 bathrooms
  • Fireplace in loft area
  • 1,006 square feet of living area
  • Central AC and forced-air heating
  • Condition: Average — occupied since 2021

Exterior & Lot

  • Two screened-in porches
  • Frame construction with shingle roof
  • Surface, unassigned parking lot
  • No attached garage
  • Building: Villages East Condominiums

Location & Neighborhood

  • Northeast Raleigh location
  • Triangle Town Center — 1.2 miles
  • Spring Forest Road Park — 0.3 miles
  • Wake Technical Community College — 2.5 miles
  • Easy access to Capital Blvd (0.5 miles)

Walkability & Recreation

  • Walkability Rating: 60/100 — Somewhat Walkable
  • Nearby parks and green spaces: Spring Forest Road Park (0.3 mi)
  • Shopping and restaurants within 1–2 miles (Triangle Town Center)
  • Public transit access and commuter routes close by
  • Neighborhood mix: residential, commercial, park
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Redfin listing for 3810 Grey Harbor Dr #307View source
2
Raleigh Realty listing for 3810 Grey Harbor Dr #307View source
3
Realtor.com listing for 3810 Grey Harbor Dr Apt 306View source
4
Compass listing for 3810 Grey Harbor Dr Unit 107View source
5
Zillow listing for 3810 Grey Harbor Dr Apt 203View source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.