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Homes/North Carolina/Cary/404 Greenwood Cir
CompCasa Property Analysis · single_family

404 Greenwood Cir

Traditional 4-Bedroom Cary Home on Large Corner Lot

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

4 beds2.5 baths2,612 sq ftBuilt 19850.34 acres2-car detached
CaryNorth CarolinaWake County4 Bedroom2.5 BathroomSingle FamilyDetached Garage$600K-$1MTraditionalMaynard OaksCorner LotFenced BackyardRenovated BathroomLarge Lot
CompCasa valuation analysis
Estimated market value
$600,000
Low $580,000 · Midpoint $600,000 · High $620,000
Confidence85%Sales comparison approach
Last recorded sale$351,000Dec 28, 2017
Assessed value$544,3982025 assessment
CompCasa estimate$600,000Mar 7, 2026
Estimate vs. last recorded sale+$249,000 / +70.9%
$580,000$600,000 midpoint$620,000
Price / sq ft$229
Median sale price$550,000
Avg days on market30 days
Inventory2.5 months

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.

About the property

Traditional 4-Bedroom Cary Home on Large Corner Lot

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$485,000
Property address705 Greenwood Cir, Cary, NC 27511
3 bed2 bath1,979 sq ftBuilt 19780.2 mi16,988 sq ft lot$245/SF
Sold Dec 15, 2025
Subject difference
  • 633 SF smaller
  • 1 fewer bedroom
  • 0.5 fewer bathrooms
  • 2,178 SF larger lot
  • 7 years older
Research comparison noteSmaller home with fewer bedrooms, but similar lot size and location
02Sold price$604,000
Property address804 Greenwood Cir, Cary, NC 27511
4 bed3 bath2,714 sq ftBuilt 19640.3 mi34,848 sq ft lot$222/SF
Sold Nov 20, 2025
Subject difference
  • 102 SF larger
  • 0.5 additional bathrooms
  • 20,038 SF larger lot
  • 21 years older
Research comparison noteSimilar size and bedroom count, larger lot, older construction
03Sold price$572,141
Property address501 Greenwood Cir, Cary, NC 27511
4 bed2.5 bath2,598 sq ftBuilt 19850.1 mi12,197 sq ft lot$220/SF
Sold Oct 10, 2025
Subject difference
  • 14 SF smaller
  • 2,613 SF smaller lot
  • Same year built
Research comparison noteVery similar in size, age, and features; slightly smaller lot
Comp methodology: Focused on homes within 0.5 miles in Maynard Oaks sold or leased in last 6 months for maximum relevance
Property details

A 1985 traditional on 0.34 acres.

Building

Year built1985
ConstructionFrame
RoofShingle
Heatingforced air, natural gas
Coolingcentral air

Site & utilities

Lot size0.34 acres
Garage2-car detached
Stories2
ConditionGood
BasementCrawl Space
FireplaceYes
Improvement notes4 bedrooms, 2.5 bathrooms, hardwood floors on first floor, new carpet in carpeted areas, two fireplaces (family room and primary bedroom), renovated primary bathroom with Italian design features
Lot area14,810 sq ft
TopographyLevel
Frontage83 ft frontage on Greenwood Cir
ParkingDetached Garage And Driveway
Parking spaces4
Parking notes2-car detached garage plus driveway for 2 vehicles
AccessStandard residential driveway from Greenwood Cir
WaterPublic
SewerPublic
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Maynard Oaks

Researched nearby locations

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)

Location

404 Greenwood Cir, Cary, NC 27511

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryFarmington Woods Elementary (7/10)
Middle schoolEast Cary Middle (6/10)
High schoolCary High (6/10)
School districtWake County Public School System
Market context

A factual market snapshot around 404 Greenwood Cir.

Median sale price$550,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

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.

Zoning & land use

Single Family Residential

Zoning

Zoning codeR-12
DescriptionSingle Family Residential
JurisdictionTown of Cary
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 30', side 10', rear 25'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
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 land$220,000
Assessed improvements$324,398
Total assessed$544,398
Assessment year2025
Annual property tax$4,686
Tax year2025

Sale history

2017-12-28$351,000 · $134/SF
1998-08-24$212,000 · $81/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$2,400/mo
Property address705 Greenwood Cir, Cary, NC 27511
3 bed2 bath1,979 sq ft$1.21/SF
Leased Aug 1, 2025
Subject difference
  • 633 SF smaller
  • 1 fewer bedroom
  • 0.5 fewer bathrooms
Research comparison noteSmaller home with fewer bedrooms, but similar location
02Monthly rent$2,600/mo
Property address804 Greenwood Cir, Cary, NC 27511
4 bed3 bath2,714 sq ft$0.96/SF
Leased Jul 15, 2025
Subject difference
  • 102 SF larger
  • 0.5 additional bathrooms
Research comparison noteSimilar size and bedroom count, larger lot, older construction
Research findings & due diligence

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

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)

Still worth verifying

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

  • Confirm lot dimensions and boundaries
  • Verify renovation permits were properly pulled
  • Confirm zoning restrictions for potential additions
  • Professional home inspection
  • Roof condition assessment
Highlights & features

What stands out about this property.

7 highlights
01Move-in ready
02Recently renovated primary bathroom with Italian finishes
03Large fenced backyard with deck, firepit and spa
04Detached 2-car garage with upstairs storage
05Hardwood floors on main level
06Corner lot with mature landscaping and seasonal tulips
07Short drive to Downtown Cary and Hemlock Bluffs

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
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Realtor.com listing for 404 Greenwood CirView source
2
Zillow listing for 404 Greenwood CirView source
3
Raleigh Realty listing for 404 Greenwood CirView source
4
Realtor.com listing for 705 Greenwood CirView source
5
Realtor.com listing for 804 Greenwood CirView source
6
Realtor.com listing for 501 Greenwood CirView 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.
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