Property listing for 7209 Perry Creek Rd, Raleigh, NC 27616
For SaleSingle Family Home

$294,900

7209 Perry Creek Rd, Raleigh, NC 27616

Brick Ranch on a Third-Acre Lot with Strong Rental History

3 Bed · 2 Bath · 1,050 Sq Ft

3BR/2BA fixer with hardwood floors and investment upside in Bentley Woods

3

Beds

2

Baths

1,050

Sq Ft

1970

Built

0.33 acres

Lot

1-car carport

Garage

About 7209 Perry Creek Rd

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.

Home Highlights

Fixer-up opportunity with strong rental history0.33-acre level lot with backyard potentialHardwood floors in living areas and bedroomsLuxury vinyl plank flooring in kitchen and bathsHigh-efficiency HVAC already installedBrick construction and single-level ranch planPreviously rented at $1,850/month (July 2025)1-car carport plus driveway parking

Property Features

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)

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Fox Road Elementary

Elementary

5/10

Wakefield Middle

Middle

8/10

Wakefield High

High

8/10

Walkability & Recreation

50
Walkability
60
Recreation

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.

Investment Highlights

  • Listed at $294,900 ($281/SF) in a growing Raleigh neighborhood
  • Potential rental income of $1,850/month, yielding approximately 7.5% at lower estimated value
  • Proximity to Triangle Town Center, Wake Tech Community College, and Durant Nature Preserve
  • Located within Wake County Public School System with well-rated middle and high schools
  • Balanced real estate market with 5% annual appreciation and 30 average days on market

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

Things to Consider

  • Property requires renovation and TLC
  • Current listing price may be slightly above market value based on comparable sales
  • Elementary school rating is average (5/10), which may impact family buyer interest
  • Potential buyers should assess the extent of necessary renovations and associated costs

Opportunity Analysis

A 3-bedroom ranch in a growing Raleigh neighborhood, offering potential for value appreciation post-renovation. Suitable for investors seeking rental income or homeowners looking for a project.

Potential Use Scenarios

  • Renovate and hold as a rental property with potential monthly income of $1,850
  • Renovate and resell to capitalize on market appreciation
  • Owner-occupy post-renovation to benefit from location and potential equity growth

Risk Factors

  • Extent and cost of necessary renovations
  • Potential overvaluation based on current listing price
  • Market fluctuations affecting property value post-renovation

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

AI Valuation Estimate

Low

$260K

Midpoint

$275K

High

$290K

$261.9/SF estimated price per square foot

80% confidence

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.

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$280,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$70,000

Steady population growth with increasing property values. Walkability Rating estimate: 50/100.

Nearby Points of Interest

  • Triangle Town Center (2.5 mi)
  • Wake Tech Community College (1.2 mi)
  • Durant Nature Preserve (3.0 mi)

Close proximity to shopping centers, educational institutions, and recreational areas.

School District

DistrictWake County Public School System
ElementaryFox Road Elementary (5/10)
MiddleWakefield Middle (8/10)
HighWakefield High (8/10)

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

Property Details

Building Details

Year Built1970
Constructionbrick
Stories1
Roofshingle
Heatingforced air
Coolingcentral AC
Basementnone
FireplaceNo
Conditionneeds_renovation

Lot & Site

Lot Size0.33 acres (14,374 SF)
Topographylevel
Parkingcarport_and_driveway
Parking Spaces2
FrontageFrontage on Perry Creek Rd

Utilities

Waterpublic
Sewerpublic
Electricavailable
Gasavailable

Zoning & Land Use

Zoning CodeR-4
DescriptionResidential-4
JurisdictionCity of Raleigh

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$240,544
Land$117,000
Improvements$123,544
Annual Tax (2025)$2,118

Sale History

2025-07-08$1,850

$1.76/SF

Rented at $1,850/month

2005-09-01$106,000

$100.95/SF

Sold in 2005

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