Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 12 months. Adjusted for condition and lot size. Assessed value of $240,544 appears below market.
Brick Ranch on a Third-Acre Lot with Strong Rental History
This single-story brick ranch sits on a generous 0.33-acre parcel in Raleigh's established Bentley Woods neighborhood — a rare combination of level yard space and central location. The exterior reads solid and traditional; inside you'll find original hardwood in the living areas and bedrooms paired with luxury vinyl plank in the kitchen and baths. The home was built in 1970 and retains classic ranch proportions: compact, efficient rooms on a single level, a covered carport, and ample backyard for gardening, play, or an addition (subject to zoning).
The interior needs renovation but contains practical bones that will reward a thoughtful update. A central living room anchors the plan with hardwood underfoot, while the kitchen and bathrooms already feature durable LVP that simplifies immediate occupancy or rental. A high-efficiency HVAC system provides modern comfort and helps reduce near-term capital outlay. With roughly 1,050 square feet, the layout is approachable for first-time buyers, downsizers, or investors looking to renovate and re-rent.
Investors will note the recent rental history: the property produced $1,850/month in July 2025, translating to a solid gross yield relative to the current list price. Comparable sales in the area suggest an estimated market value range of $260,000–$290,000, placing this listing within striking distance of local market norms depending on scope of updates. Renovation dollars focused on the kitchen, baths, and cosmetic finishes can materially increase resale or rental upside in a neighborhood seeing steady appreciation.
Location is a key asset: Triangle Town Center shopping is about 2.5 miles away, Wake Tech is roughly 1.2 miles, and Durant Nature Preserve sits near 3.0 miles for weekend trails and green space. Wake County Public Schools serve the lot with Fox Road Elementary (5/10), Wakefield Middle (8/10), and Wakefield High (8/10). Buyers with renovation plans should confirm lot boundaries and complete a full inspection and roof assessment, but for those willing to invest, this brick ranch delivers a durable canvas and a strong, centrally located footprint in Raleigh.
See the properties helping shape the valuation.
Comparable sales
- Same living area
- 0.5 fewer bathrooms
- Similar lot size
- Same year built
- 48 SF larger
- 7,406 SF larger lot
- 1 year newer
- 302 SF larger
- Similar lot size
- 10 years newer
A 1970 ranch on 0.33 acres.
Building
Site & utilities
Bentley Woods
Researched nearby locations
Location
7209 Perry Creek Rd, Raleigh, NC 27616
Bentley Woods offers a quietly established suburban character with roomy yards and mature streetscapes. Residents appreciate quick access to Triangle Town Center for shopping and restaurants, Wake Tech for continuing education and community events, and Durant Nature Preserve for outdoor recreation. The neighborhood is family-oriented with solid middle and high school options, while short commutes to major employment corridors keep daily life convenient. This is a block where renovation projects translate into equity gains because upgraded homes are in steady demand.
Solid access to outdoor recreation: Durant Nature Preserve is about 3 miles away for hiking and trails, Triangle Town Center provides shopping and services nearby, and Wake Tech campus amenities are within 1.2 miles.
A factual market snapshot around 7209 Perry Creek Rd.
The local market around 27616 is currently balanced but favors sellers modestly: inventory sits low at about 2.5 months while average days on market hover around 30 days. The one-year appreciation rate is approximately 5%, with a five-year gain near 25%, and a median sale price in the area around $280,000. For single-family ranches similar to this one, buyers will find steady demand driven by proximity to retail, community college campuses, and suburban employment centers. Comparable sales in the immediate area vary — historical sales from this block show prices from roughly $106k (2005) up to $300k for renovated ranches in recent years, placing realistic value for a renovated 3BR between $260k and $290k. Inventory and days-on-market suggest that competitively priced, updated homes sell quickly; meanwhile, homes needing work can be attractive to investors because rental demand is healthy (the subject previously leased at $1,850/month). For buyers: this is a favorable time to acquire a renovator’s property if you can act decisively and budget appropriately for improvements. For sellers: properly staged updates and modest price adjustment to reflect condition could shorten market time and capture current buyer appetite.
Residential-4
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
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
- Same living area
- 25 SF smaller
- 1 fewer bathroom
What the research supports — and what is still worth verifying.
Key findings
- Built in 1970 with 1,050 SF on a 0.33-acre lot
- Features hardwood floors, luxury vinyl plank in wet areas, and high-efficiency HVAC
- Previously rented for $1,850/month as of July 2025
- Assessed value of $240,544 in 2025, with annual property tax of $2,118
- Zoned R-4 Residential-4 by the City of Raleigh
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Assess extent and cost of necessary renovations
- Verify zoning regulations for potential modifications
- Professional home inspection
- Roof condition assessment
What stands out about this property.
Interior Features
- 3 bedrooms, 2 full bathrooms
- Hardwood floors in living room and bedrooms
- Luxury vinyl plank flooring in kitchen and baths
- Single-level ranch layout (1,050 SF)
- High-efficiency HVAC system
- Brick interior/exterior construction elements
Exterior & Lot
- 0.33-acre level lot (approximately 14,374 sq ft)
- Frontage on Perry Creek Rd
- 1-car carport plus driveway parking
- Shingle roof (existing; verify condition)
- Room for backyard landscaping, expansion, or accessory use (subject to zoning)
Location & Neighborhood
- Bentley Woods neighborhood, Raleigh (27616)
- 2.5 miles to Triangle Town Center
- 1.2 miles to Wake Technical Community College
- 3.0 miles to Durant Nature Preserve
- Wake County Public School System
Walkability & Recreation
- Walkability Rating: 50/100 — Somewhat Walkable
- Nearby parks and green spaces: Durant Nature Preserve (3.0 miles)
- Hiking and biking access at Durant Preserve within 3 miles
- Shopping and errands within a short drive (Triangle Town Center ~2.5 miles)
- Community recreation and campus amenities at Wake Tech (~1.2 miles)
Sources & research confidence.
See where the property research came from and how confidence varies by field.