Property listing for 729 Leatherstone Ln, Fuquay Varina, NC 27526
For SaleSingle Family Home

$300,000

729 Leatherstone Ln, Fuquay Varina, NC 27526

2019 Cottage-Style 3BR/2BA Near Historic Downtown Fuquay-Varina

3 Bed · 2 Bath · 1,556 Sq Ft

Priced to reflect value-add potential — first-floor primary and one-mile-plus to downtown

3

Beds

2

Baths

1,556

Sq Ft

2019

Built

0.14 acres

Lot

None

Garage

About 729 Leatherstone Ln

You’ll notice the cottage proportions as soon as you pull onto Leatherstone Lane — a 2019-built home that pairs efficient, modern construction with traditional curb appeal. Inside, the plan is focused on comfort: an open common area centered by a fireplace, a first-floor primary bedroom with a walk-in shower, and two generous upstairs bedrooms (one with ensuite access to the full bath) that make this 1,556-SF layout surprisingly flexible for family life or a work-from-home schedule.

The house sits on a level 0.14-acre parcel with a concrete driveway that accommodates two cars. Exterior construction is practical vinyl siding topped with a shingle roof; mechanical systems include central heat and air. The interior condition is described as average — small cosmetic updates such as fresh paint and new flooring will unlock immediate upside, which helps explain why this listing is priced below recent area medians.

Location is a defining asset. The Ridge at Kenneth Creek places you about 1.5 miles from Historic Downtown Fuquay-Varina’s restaurants and shops, roughly 2 miles from South Park and under two miles to the community library. Commuters benefit from inclusion in the Raleigh-Cary MSA and Wake County’s school network. The property is being offered as-is and is subject to North Carolina’s upset bid process, so buyers should plan for the related timeline and due-diligence steps.

From an investor or owner-occupant perspective, this is a clear value-add opportunity. Comparable sales in the immediate area and the valuation midpoint of roughly $330,000 suggest upside for modest cosmetic improvements. With a sensible budget for paint, flooring, and a few finish upgrades, a buyer can bring this cottage-style home in line with other recent sales while enjoying ready access to downtown conveniences and the steadily appreciating Fuquay-Varina market.

Home Highlights

Built in 2019First-floor primary bedroom with walk-in shower1,556 SF cottage-style layoutFireplace in main living areaPriced at $300,000 — below modeled midpointSold As-Is; subject to NC upset-bid processConcrete driveway with two-car parkingOpportunity for instant equity with minor cosmetic updates

Property Features

Interior Features

  • 1,556 square feet, 1.5 stories
  • First-floor primary bedroom with walk-in shower
  • Two oversized upstairs bedrooms; one offers ensuite access
  • Open living area anchored by a fireplace
  • Central heating and air
  • Average condition with opportunity for cosmetic updates

Exterior & Lot

  • 0.14-acre level lot (approximately 6,098 SF)
  • Vinyl siding and shingle roof
  • Concrete driveway with parking for two vehicles
  • Standard residential frontage on Leatherstone Ln
  • No attached garage

Location & Neighborhood

  • The Ridge at Kenneth Creek neighborhood
  • 1.5 miles to Historic Downtown Fuquay-Varina
  • 2 miles to South Park; 1.8 miles to Fuquay-Varina Community Library
  • Part of Wake County Public School System
  • Within Raleigh-Cary MSA commuting area

Walkability & Recreation

  • Walkability Rating: 45/100 — Car-Dependent
  • Historic Downtown Fuquay-Varina (1.5 miles) for shopping and dining
  • South Park nearby (2 miles) for outdoor access and community events
  • Fuquay-Varina Community Library (1.8 miles)
  • Easy access to local green spaces and community amenities

Neighborhood & Location

The Ridge at Kenneth Creek blends suburban calm with true proximity to Fuquay-Varina’s walkable downtown. Residents enjoy quick drives to the historic district’s restaurants, breweries and weekend markets, nearby parks for family outings, and community resources like the Fuquay-Varina Library. The neighborhood is attractive to growing households and professionals commuting into the Raleigh-Cary region, offering a small-community feel while benefiting from Wake County services and steady local investment.

Market Insights

Fuquay-Varina currently presents a balanced but active market: inventory is low at roughly 2.5 months and average days on market sit near 79, indicating properties priced right still attract attention but buyers can find room to negotiate. Area median sale price is reported near $444,000, with one-year appreciation around 5% and five-year appreciation about 25%. Single-family cottages and smaller family homes in neighborhoods like The Ridge at Kenneth Creek trade well for move-up and first-time buyers due to proximity to downtown amenities and strong local demand. Recent comparable sales within a half-mile range show sale prices from the mid-$300Ks for similar age homes; the listing at $300,000 places this home below the modeled midpoint valuation (~$330,000), signaling opportunity for buyers willing to invest modestly in cosmetic updates. With supply tight but not extreme, now is an opportune window for buyers targeting properties with upside: financing and inspections should be prioritized given the sale is as-is and subject to the NC upset-bid process.

Nearby Schools

Fuquay-Varina Elementary

Elementary

7/10

Fuquay-Varina Middle

Middle

5/10

Willow Spring High

High

5/10

Walkability & Recreation

45
Walkability
65
Recreation

Good access to neighborhood parks and community amenities with South Park about 2 miles away, Historic Downtown events 1.5 miles away, and nearby library and green spaces for casual recreation.

Investment Highlights

  • Opportunity to add instant equity with minor updates
  • Located 1.5 miles from Historic Downtown Fuquay-Varina
  • Part of the growing Fuquay-Varina community with steady appreciation
  • Proximity to parks and community facilities
  • First-floor primary bedroom with walk-in shower

Key Findings

  • Built in 2019 with 1,556 SF of living space
  • Listed for $300,000, offering potential for value addition
  • Assessed value of $336,521 aligns with market estimate
  • Subject to North Carolina upset bid process
  • Located in The Ridge at Kenneth Creek neighborhood

Things to Consider

  • Home is being sold as-is
  • Subject to North Carolina upset bid process, which may extend closing timeline
  • Minor cosmetic updates needed to realize full potential

Opportunity Analysis

Charming 2019-built cottage with potential for value addition through minor updates, located near downtown Fuquay-Varina in a growing community.

Potential Use Scenarios

  • Ideal for first-time homebuyers looking to build equity
  • Potential for investors seeking properties with value-add opportunities
  • Suitable for buyers desiring proximity to downtown amenities

Risk Factors

  • As-is sale condition may require additional inspections
  • Upset bid process could lead to competitive bidding
  • Minor cosmetic updates needed to enhance property value

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

AI Valuation Estimate

Low

$315K

Midpoint

$330K

High

$345K

$212/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and age. Assessed value of $336,521 aligns with market estimate.

As of 2026-03-08

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$444,000
Avg Days on Market79 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)8,000
Median Income (1 mi)$75,000

Fuquay-Varina has experienced significant growth over the past decade, with new residential developments and increased demand for housing.

Nearby Points of Interest

  • Historic Downtown Fuquay-Varina (1.5 mi)
  • South Park (2 mi)
  • Fuquay-Varina Community Library (1.8 mi)

Close proximity to downtown amenities, parks, and community facilities.

School District

DistrictWake County Public School System
ElementaryFuquay-Varina Elementary (7/10)
MiddleFuquay-Varina Middle (5/10)
HighWillow Spring High (5/10)

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

Property Details

Building Details

Year Built2019
Constructionvinyl siding
Stories1.5
Roofshingle
Heatingcentral
Coolingcentral air
Basementnone
FireplaceYes
Conditionaverage

Lot & Site

Lot Size0.14 acres (6,098 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
FrontageStandard residential frontage on Leatherstone Ln

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeRMD
DescriptionResidential Medium Density
JurisdictionTown of Fuquay-Varina

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$336,521
Land$85,000
Improvements$251,521
Annual Tax (2025)$2,965

Sale History

2019-07-18$214,900

$145/SF

New construction sale

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