Property listing for 5705 Parker Pines Ct, Raleigh, NC 27609
For SaleTownhome

$529,000

5705 Parker Pines Ct, Raleigh, NC 27609

Contemporary 3-Level Townhome Near North Hills & Shelley Lake

3 Bed · 3.5 Bath · 1,885 Sq Ft

Modern 2022 townhome with private patio, quartz counters, and low-maintenance living

3

Beds

3.5

Baths

1,885

Sq Ft

2022

Built

0.03 acres

Lot

No garage; 2 assigned parking spaces

Garage

About 5705 Parker Pines Ct

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.

Home Highlights

Move-in readyModern 2022 constructionQuartz countertops and stainless appliancesPrivate rear patioLow HOA covering exterior maintenance2 assigned parking spacesEstimated rental potential ~$2,500/month

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Lynn Road Elementary

Elementary

7/10

Carroll Middle

Middle

5/10

Sanderson High

High

6/10

Walkability & Recreation

65
Walkability
75
Recreation

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.

Investment Highlights

  • Modern construction (2022) with high-end finishes
  • Located in North Raleigh with proximity to amenities
  • Low-maintenance living with HOA-managed exterior
  • Private rear patio for outdoor enjoyment
  • Strong appreciation potential in a growing market

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

Things to Consider

  • HOA fees may be a consideration for some buyers
  • Limited lot size (0.03 acres) may not appeal to those seeking larger outdoor space
  • Middle and high schools have average ratings, which may impact family decisions

Opportunity Analysis

Modern townhome in a desirable North Raleigh location with strong appreciation potential and low-maintenance living. Proximity to amenities and commuter routes enhances appeal.

Potential Use Scenarios

  • Ideal for professionals seeking proximity to work and amenities
  • Potential rental property with strong demand in the area
  • Low-maintenance option for downsizers or those seeking turnkey living

Risk Factors

  • HOA fees may deter some buyers
  • Limited outdoor space compared to single-family homes
  • School ratings may impact decisions for families with school-aged children

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

AI Valuation Estimate

Low

$510K

Midpoint

$530K

High

$550K

$281/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 size, condition, and location. Assessed value of $493,489 aligns with market estimates.

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$495,000
Avg Days on Market45 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$85,000

North Raleigh median home values increased 25% from 2020-2025. Strong demand from professionals and families. Walkability Rating estimate: 65/100.

Nearby Points of Interest

  • North Hills Shopping Center (1.5 mi)
  • Shelley Lake Park (1.2 mi)
  • I-440 Beltline (1.5 mi)

Proximity to North Hills shopping and dining, Shelley Lake Park for recreation, and easy access to I-440 for commuting.

School District

DistrictWake County Public School System
ElementaryLynn Road Elementary (7/10)
MiddleCarroll Middle (5/10)
HighSanderson High (6/10)

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

Property Details

Building Details

Year Built2022
Constructionfiber cement
Stories3
Roofshingle
Heatingheat pump
Coolingcentral AC
Basementnone
FireplaceNo
Conditionexcellent

Lot & Site

Lot Size0.03 acres (1,307 SF)
Topographylevel
Parkingassigned
Parking Spaces2
Frontage18 ft frontage on Parker Pines Ct

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-10
DescriptionResidential-10
JurisdictionCity of Raleigh

Allowed Uses

single familytownhousemulti family
Current Useresidential
Assessor UseCondo/Townhome

Tax & Sale History

Tax Assessment

Total Assessed$493,489
Land$100,000
Improvements$393,489
Annual Tax (2025)$4,324

Sale History

2022-12-09$502,700

$267/SF

Arm's length transaction

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