Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and location. Assessed value of $493,489 aligns with market estimates.
Contemporary 3-Level Townhome Near North Hills & Shelley Lake
Step into a recently built (2022) three-level townhome that puts North Raleigh conveniences within easy reach. What first stands out is the private rear patio—an intimate outdoor room framed by low-maintenance finishes—perfect for morning coffee, container gardening, or an evening grill. The home's 1,885 square feet are arranged to maximize usable space: a bright main level living area that opens to dining and kitchen, two upper bedroom levels, and a smart, vertical layout that keeps everyday living efficient.
The kitchen is a defining, practical space with quartz countertops and stainless steel appliances that suit both casual meals and entertaining. Clean lines and durable materials carry through the residence: fiber-cement exterior construction, central air conditioning with a heat-pump system, and contemporary fixtures throughout. With 3 bedrooms and 3.5 baths, this home functions well for professionals, young families, or buyers seeking a low-upkeep primary residence.
Parking is assigned and convenient—two dedicated spaces directly adjacent to the building—so you’ll spend less time searching for spots and more time enjoying nearby amenities. The HOA (about $176.25/month) handles exterior maintenance, which makes the property an easy, turnkey option for buyers who value time and simplicity over yard work.
Location is a compelling chapter of this home’s story. North Hills shopping and dining are only about 1.5 miles away, Shelley Lake Park’s walking paths and green space sit roughly 1.2 miles from your door, and the I-440 Beltline provides fast access for commutes. Schools serving the area include Lynn Road Elementary, Carroll Middle, and Sanderson High under Wake County Public Schools. With comparable townhomes in the immediate development trading in the $495K–$510K range and strong rental interest that supports potential income, this property blends contemporary finishes, compact low-maintenance living, and a highly walkable North Raleigh setting.
See the properties helping shape the valuation.
Comparable sales
- 10 SF smaller
- Similar lot size
- Same year built
- 4 SF larger
- Similar lot size
- Same year built
- 66 SF smaller
- Similar lot size
- Same year built
A 2022 transitional on 0.03 acres.
Building
Site & utilities
North Raleigh
Researched nearby locations
Location
5705 Parker Pines Ct, Raleigh, NC 27609
North Raleigh blends suburban calm with urban conveniences—cafés, restaurants, and shopping nodes like North Hills are minutes away, while Shelley Lake provides accessible green space and waterfront walking paths. The area attracts professionals and families seeking newer construction, reliable commuter routes via I-440, and strong neighborhood services. Local schools (Lynn Road Elementary, Carroll Middle, Sanderson High) round out a practical lifestyle offering: convenient daily life, easy access to regional employment centers, and a community-oriented feel.
Very good access to outdoor recreation with Shelley Lake Park and walking paths about 1.2 miles away, North Hills shopping and dining within 1.5 miles, and neighborhood streets suitable for daily strolls and short bike rides.
A factual market snapshot around 5705 Parker Pines Ct.
North Raleigh’s townhome market is currently balanced with a slight seller advantage. Inventory sits near 2.5 months—below a neutral market threshold—while average days on market hover around 45 days, indicating steady demand but not the frenzy of a tight seller’s market. Recent comparable sales in the immediate development ranged from roughly $495,000 to $510,000, and a sales-comparison valuation places this property’s midpoint near $530,000, aligning with the current $529,000 list price. One-year appreciation in the area is about 5% with five-year growth near 25%, reflecting sustained buyer interest in North Raleigh’s convenience and amenities.
Townhomes of this size and vintage (2020–2022 construction) perform well: buyers prize modern finishes, low-maintenance exterior ownership, and proximity to employment and retail hubs like North Hills. For investors, lease comps indicate monthly rents around $2,400–$2,500, producing respectable gross yield in today’s market. Prospective purchasers should review HOA rules and fees carefully; the modest monthly HOA covers exterior maintenance and contributes meaningfully to the property’s turnkey appeal. Overall, this is a favorable time to consider North Raleigh townhomes—competition remains healthy, values consistent, and quality inventory like this 2022-built unit is in demand.
Residential-10
Zoning
Research-indicated uses
- Single Family
- Townhouse
- Multi Family
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
- 10 SF smaller
- 4 SF larger
What the research supports — and what is still worth verifying.
Key findings
- Assessed value of $493,489 aligns with market estimates
- HOA fees are $176.25/month covering exterior maintenance
- Proximity to North Hills Shopping Center (1.5 mi) and Shelley Lake Park (1.2 mi)
- Comparable sales in the area range from $510,000 to $550,000
- Current listing price of $529,000 reflects a 5% appreciation since 2022
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm HOA regulations and fees
- Verify school district assignments
- Review community amenities and restrictions
- Professional home inspection
What stands out about this property.
Interior Features
- 1,885 sq ft across three levels
- 3 bedrooms, 3.5 bathrooms
- Quartz countertops
- Stainless steel appliances
- Open main living and dining area
- Central AC with heat pump
- Excellent condition—built 2022
Exterior & Lot
- Private rear patio
- Lot size: 0.03 acres (1,307 sq ft)
- Fiber cement exterior construction
- Shingle roof
- Level lot with 18 ft frontage on Parker Pines Ct
- Assigned parking: 2 spaces (no garage)
- HOA-maintained exterior (HOA fee approx. $176.25/month)
Location & Neighborhood
- North Raleigh neighborhood
- North Hills Shopping Center — ~1.5 miles
- Shelley Lake Park — ~1.2 miles
- Quick access to I-440 Beltline (~1.5 miles)
- Wake County Public School System
Walkability & Recreation
- Walkability Rating: 65/100 — Somewhat Walkable
- Shelley Lake Park and trails (1.2 miles)
- Shopping and dining cluster at North Hills (1.5 miles)
- Neighborhood streets suited for short walks and quick errands
- Easy access to regional commuting routes and nearby green space
Sources & research confidence.
See where the property research came from and how confidence varies by field.