Property listing for 404 Greenwood Cir, Cary, NC 27511
For SaleSingle Family Home

$600,000

404 Greenwood Cir, Cary, NC 27511

Traditional 4-Bedroom Cary Home on Large Corner Lot

4 Bed · 2.5 Bath · 2,612 Sq Ft

Renovated primary bath, deck, spa, detached 2-car garage

4

Beds

2.5

Baths

2,612

Sq Ft

1985

Built

0.34 acres

Lot

2-car detached

Garage

About 404 Greenwood Cir

You’ll notice the corner-lot curb appeal the moment you pull onto Greenwood Circle: an expansive, level 0.34-acre yard framed by mature plantings, a gorgeous holly tree, and beds of liriope that give way to 250 Amsterdam tulips poised to bloom each spring. This classic 1985 traditional home offers 2,612 square feet across two light-filled stories, with practical updates and thoughtful spaces that suit busy family life.

Step inside to warm hardwood floors on the first level, two inviting fireplaces (one in the family room and a surprising, cozy fireplace in the primary suite), and fresh carpet where appropriate. The living areas are comfortable and well-proportioned—perfect for weekday living and weekend gatherings—while storage is plentiful, including the detached two-car garage with upstairs storage and a driveway that accommodates additional vehicles.

The primary bathroom is a standout: a recent Italian-inspired renovation introduces luminous tile, a walk-in shower with multiple showerheads, dual vanities, LED mirrors with integrated storage, and a bidet—details that elevate everyday routines. Overall the home feels well-maintained and move-in ready, with updated surfaces and systems that reduce near-term maintenance risk.

Outdoor living is a defining feature here. The large, fenced backyard opens to a generous deck, a built-in firepit with seating, a spa for relaxing evenings, and a storage shed—an ideal set-up for alfresco dinners, backyard play, or quiet nature watching at the tree line. With Hemlock Bluffs Nature Preserve about a mile away and Koka Booth Amphitheatre and Downtown Cary just minutes from your door, you get the best of suburban privacy and quick access to local destinations.

Maynard Oaks brings a stable, family-friendly atmosphere to everyday life: above-average nearby schools, well-kept yards, and easy commutes via Kildaire Farm Road. For buyers who value space, storage, and tasteful upgrades—plus a yard that feels like a small private park—404 Greenwood Circle is a compelling, well-priced option in a market where inventory is tight and quality homes move quickly.

Home Highlights

Move-in readyRecently renovated primary bathroom with Italian finishesLarge fenced backyard with deck, firepit and spaDetached 2-car garage with upstairs storageHardwood floors on main levelCorner lot with mature landscaping and seasonal tulipsShort drive to Downtown Cary and Hemlock Bluffs

Property Features

Interior Features

  • 4 bedrooms, 2.5 bathrooms
  • 2,612 SF living area
  • Hardwood floors on main level
  • New carpeting in select areas
  • Two fireplaces (family room and primary suite)
  • Renovated primary bathroom with walk-in shower, dual vanities, LED mirrors and bidet
  • Central air and forced-air natural gas heating
  • Crawl space foundation

Exterior & Lot

  • 0.34-acre corner lot (approx. 14,810 SF)
  • Detached 2-car garage with upstairs storage
  • Large fenced backyard
  • Deck, built-in firepit, and spa
  • Storage shed
  • Level topography and 83 ft frontage on Greenwood Cir
  • Mature landscaping and seasonal tulip beds

Location & Neighborhood

  • Maynard Oaks neighborhood, Cary
  • 1.5 miles to Downtown Cary
  • 2 miles to Fenton Shopping Center
  • 1 mile to Hemlock Bluffs Nature Preserve
  • 2 miles to Koka Booth Amphitheatre
  • Wake County Public School System

Walkability & Recreation

  • Walkability Rating: 65/100 — Some errands and amenities within walking distance
  • Nearby parks and green spaces including Hemlock Bluffs (≈1 mile)
  • Hiking and nature trails within 2 miles
  • Koka Booth Amphitheatre & frequent community events (≈2 miles)
  • Running/walking paths and neighborhood sidewalks
  • Easy access to Fenton and Downtown Cary for dining and shopping

Neighborhood & Location

Maynard Oaks is a mature, family-oriented neighborhood in central Cary with tree-lined streets, well-tended yards, and a steady mix of families and long-term residents. Homes here benefit from quick access to Hemlock Bluffs Nature Preserve, community events at Koka Booth Amphitheatre, and the restaurants and shops of Downtown Cary and Fenton. Local schools in the Wake County system are rated above average, and commuting is convenient via nearby Kildaire Farm Road. The neighborhood’s combination of suburban calm and proximity to urban amenities makes it appealing to buyers seeking both convenience and green space.

Market Insights

The Cary market is favoring sellers right now. Inventory in the area averages roughly 2.5 months, and homes typically spend about 30 days on market before going under contract—conditions that frequently generate multiple-offer scenarios for well-priced, well-presented single-family homes. Median sale prices in the immediate area sit near $550,000, with recent comparable sales in Maynard Oaks clustering between $580,000 and $620,000. Using those comps, this property’s valuation midpoint is approximately $600,000 (about $229 per square foot). Single-family homes in this price band continue to outperform condos and lower-priced segments due to steady family demand and limited turnover.

For investors, rental comparables show monthly rents around $2,400–$2,600 for similar nearby homes, suggesting a gross rental yield in the neighborhood near 4–5% depending on financing and operating costs. Given the 1-year appreciation trend (~5%) and longer-term gains (~25% over 5 years), this is a market where timing matters: buyers who are ready to move quickly will find better opportunities than those who wait for inventory to expand. That said, confirm roof and systems condition and zoning setbacks (corner-lot rules) during due diligence.

Nearby Schools

Farmington Woods Elementary

Elementary

7/10

East Cary Middle

Middle

6/10

Cary High

High

6/10

Walkability & Recreation

65
Walkability
78
Recreation

Very good access to outdoor recreation: Hemlock Bluffs Nature Preserve is about a mile away, Koka Booth Amphitheatre and local parks sit within 2 miles, and neighborhood sidewalks and greenways provide daily walking and running options.

Investment Highlights

  • Recently renovated primary bathroom with Italian design features
  • Maynard Oaks neighborhood with steady appreciation (25% over 5 years)
  • Proximity to Downtown Cary and Fenton Shopping Center
  • Large fenced backyard with deck, firepit, and spa
  • Detached 2-car garage with additional storage space
  • Corner lot with mature landscaping and seasonal blooms

Key Findings

  • County assessor shows 2017 purchase at $351,000 ($134/SF) — current estimate $600,000 ($229/SF)
  • Assessed value $544,398 (land $220K, improvements $324,398) — annual taxes $4,686
  • Zoned R-12 — single-family residential with potential for accessory dwelling units
  • 3 comparable sales within 0.5 miles in last 6 months range $580K–$620K
  • Average days on market in Cary: 30 days (seller's market)

Things to Consider

  • Built in 1985 — roof age and condition should be inspected
  • Corner lot may have additional setback requirements for future additions
  • School ratings are above average but may not meet all family preferences
  • Proximity to major roads may result in increased traffic noise

Opportunity Analysis

Well-maintained traditional home in a desirable Cary neighborhood with recent renovations and significant appreciation potential. The large lot and detached garage offer flexibility for additional uses. Limited inventory and high demand suggest strong resale trajectory.

Potential Use Scenarios

  • Potential primary residence in a central Cary location
  • Detached garage may be convertible to accessory dwelling unit — potential rental income
  • Comparable rentals suggest estimated rent of $2,500/mo if used as investment property

Risk Factors

  • 1985 construction — potential for aging systems requiring maintenance
  • Corner lot may have additional setback requirements for future additions
  • Proximity to major roads may result in increased traffic noise

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

AI Valuation Estimate

Low

$580K

Midpoint

$600K

High

$620K

$229/SF estimated price per square foot

85% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $544,398 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$550,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$85,000

Cary has experienced steady population growth and rising property values over the past decade. Walkability Rating estimate: 65/100.

Nearby Points of Interest

  • Downtown Cary (1.5 mi)
  • Fenton Shopping Center (2 mi)
  • Crossroads Plaza (3 mi)
  • Hemlock Bluffs Nature Preserve (1 mi)
  • Koka Booth Amphitheatre (2 mi)

Proximity to shopping, dining, and entertainment options in Downtown Cary and Fenton. Nearby parks and nature preserves offer ample recreational opportunities.

School District

DistrictWake County Public School System
ElementaryFarmington Woods Elementary (7/10)
MiddleEast Cary Middle (6/10)
HighCary High (6/10)

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

Property Details

Building Details

Year Built1985
Constructionframe
Stories2
Roofshingle
Heatingforced air, natural gas
Coolingcentral air
Basementcrawl space
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.34 acres (14,810 SF)
Topographylevel
Parkingdetached_garage_and_driveway
Parking Spaces4
Frontage83 ft frontage on Greenwood Cir

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-12
DescriptionSingle Family Residential
JurisdictionTown of Cary

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$544,398
Land$220,000
Improvements$324,398
Annual Tax (2025)$4,686

Sale History

2017-12-28$351,000

$134/SF

Arm's length transaction

1998-08-24$212,000

$81/SF

Arm's length transaction

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