Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and amenities. Assessed value of $517,140 aligns with market estimate.
Contemporary 4-Bedroom Home in 5401 North with Screened Porch
Start your tour on Abundance Avenue — where contemporary transitional architecture of HardiPlank and stone veneer announces a home designed for modern living. This two-story residence (2,703 SF) delivered in 2021 pairs clean lines and intelligent finishes with immediate access to the 5401 North Town Center and the Neuse River Greenway, both a few minutes’ walk away.
Step inside to a thoughtfully composed main level where a gourmet kitchen anchors everyday life. Quartz countertops, stainless steel appliances, and a large center island create a practical focal point for cooking and gathering. The adjacent great room features a modern linear electric fireplace flanked by built-ins and is pre-wired for surround sound — ideal for movie nights or entertaining. A flexible upstairs loft expands living space beyond the four bedrooms, offering a natural homework area, media nook, or home office.
The home’s four bedrooms and three bathrooms are arranged for family comfort and privacy. The property has been maintained in excellent condition and benefits from modern mechanicals: natural gas heating, central air, and durable shingle roofing. Practical details that matter day-to-day include a 2-car attached garage finished with epoxy flooring and ceiling-mounted storage, plus level yard frontage that keeps exterior maintenance minimal.
Outdoor living is easy with a screened-in porch that lengthens your seasons and preserves a sense of privacy on this .11-acre lot. The neighborhood lifestyle is a major asset: River Bend Park sits about 0.2 miles away, the Neuse River Greenway is roughly 0.3 miles, and the walkable 5401 North Town Center offers retail and dining options within a short stroll. Medical services and larger shopping are conveniently close — WakeMed North and Triangle Town Center are within easy driving distance.
From an investment and valuation perspective, recent comparable sales in 5401 North support a market midpoint near $515,000 (assessed value $517,140, annual taxes approx. $4,530). HOA dues (approx. $114/month) fund community amenities and upkeep. With steady appreciation and typical days-on-market in the neighborhood near 30 days, this move-in-ready home represents a compelling opportunity for buyers seeking modern construction, community amenities, and immediate access to trails and town-center conveniences. Schedule a tour to experience the finishes and the neighborhood rhythm in person.
See the properties helping shape the valuation.
Comparable sales
- 267 SF larger
- 0.5 additional bathrooms
- 871.4 SF larger lot
- Same year built
- 28 SF smaller
- 0.5 additional bathrooms
- 871.4 SF larger lot
- Same year built
- Same living area
- Similar lot size
- 1 year newer
A 2021 transitional on 0.11 acres.
Building
Site & utilities
5401 North
Researched nearby locations
Location
4945 Abundance Ave, Raleigh, NC 27616
5401 North is a master-planned, walkable neighborhood offering a strong mix of convenience and green space. Residents enjoy a compact town center with retail and dining, quick access to the Neuse River Greenway and River Bend Park, and easy connections to Louisburg Road and larger shopping nodes. The community appeals to buyers who value trails and neighborhood amenities within walking distance; Wake County schools serve the area, and medical and retail anchors are a short drive away.
Very good outdoor access with the Neuse River Greenway and River Bend Park within a third of a mile, neighborhood trails and town-center parks for walking and biking, and easy access to nearby recreation and fitness options.
A factual market snapshot around 4945 Abundance Ave.
5401 North is a stable, desirable pocket of the Raleigh market where inventory remains relatively tight and turnover is moderate. Current metrics show roughly 2.5 months of inventory and average days on market around 30 — conditions that favor sellers but still allow motivated buyers to compete effectively with well-prepared offers. Median sale prices in the submarket center near $520,000 with one-year appreciation close to 5% and five-year appreciation near 25%.
Single-family homes in this community perform consistently: modern builds (2018–2022) command strong interest because they combine low-maintenance finishes with access to community amenities and greenway trails. The three nearby comparables (within 0.2 miles) sold between about $465K and $555K, supporting a valuation midpoint near $515K ($190/SF). Rental demand is healthy as well — estimated monthly rent for similar 4BR homes is near $2,500, producing a gross yield in the mid-single digits, which makes this property viable for investor consideration.
Buyers should note HOA fees (approx. $114/month) and local school ratings when evaluating purchase decisions; the neighborhood’s convenience and amenity access make it an attractive time to consider a purchase, particularly if proximity to trails, a town center, and stable appreciation align with your priorities.
Planned Development
Zoning
Research-indicated uses
- Single Family Residential
- Community Amenities
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 28 SF smaller
- 0.5 additional bathrooms
- 28 SF smaller
- 0.5 additional bathrooms
What the research supports — and what is still worth verifying.
Key findings
- Assessed value $517,140 (land $110K, improvements $407K) — annual taxes $4,530
- Zoned PD (Planned Development) — allows for single-family residential use
- Comparable sales within 0.5 miles in last 6 months range $500K–$530K
- Average days on market in 5401 North: 30 days (stable market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify HOA guidelines and fees
- Review community amenities and access
- Professional home inspection
- Confirm school district assignments
What stands out about this property.
Interior Features
- Quartz countertops
- Stainless steel appliances
- Large center island
- Modern linear electric fireplace with built-ins
- Pre-wired for surround sound in great room and loft
- Two-story layout with upstairs loft
- 2,703 square feet of living space
- Excellent condition — built 2021
Exterior & Lot
- HardiPlank siding with stone veneer
- Screened-in porch
- 2-car attached garage with epoxy-coated flooring and ceiling storage
- Level 0.11-acre lot
- Shingle roof
Location & Neighborhood
- 5401 North Town Center (≈0.3 mi)
- Neuse River Greenway (≈0.3 mi)
- River Bend Park (≈0.2 mi)
- WakeMed North Hospital (≈2.5 mi)
- Triangle Town Center Mall (≈3 mi)
- Easy access to Louisburg Road (≈0.5 mi)
Walkability & Recreation
- Walkability Rating: 60/100 — Some walkable amenities
- Nearby parks and green spaces: River Bend Park, neighborhood pocket parks
- Hiking and biking trails within 0.5 miles — Neuse River Greenway
- Running/walking paths nearby
- Community recreation facilities and town-center retail within walking distance
Sources & research confidence.
See where the property research came from and how confidence varies by field.