Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and lot size. Assessed value of $450,898 appears below market.
Updated 3-Bed, 2.5-Bath Home with Large Deck and Yard
This traditional two-story on Madison Ave stands out for its combination of thoughtful updates and an unusually generous backyard for the neighborhood. At 1,704 square feet, the home balances comfortable scale with functional living: hardwood floors run through the main spaces, a cozy fireplace anchors the living room, and updated windows and doors have modernized the envelope while improving energy performance.
The kitchen has been refreshed with granite countertops and an island that opens toward the dining area—ideal for weekday routines and informal entertaining. A powder room completes the main floor. Upstairs, the primary suite includes a private bath and a large walk-in closet; two additional bedrooms and a full hall bath provide flexible space for family, guests, or a home office.
Outside is a highlight: the large deck overlooks a level, fully fenced backyard on a 0.22-acre lot (approx. 9,583 SF)—room for play, gardening, or a future pool. The home's fiber cement siding and updated exterior components reduce near-term maintenance, and driveway parking accommodates two vehicles. Note: roof age should be confirmed during inspection as part of routine due diligence.
Location is a genuine advantage. Madison Oaks residents enjoy quick access to Weatherstone Elementary (about 0.7 miles), East Cary Middle and Cary High, Preston Corners shopping, and Fred G. Bond Metro Park for weekend recreation. Downtown Cary is roughly 2 miles away for restaurants and events. With recent modern updates and a layout that suits families, this property is a compelling option for buyers seeking established neighborhood character plus turn-key livability.
See the properties helping shape the valuation.
Comparable sales
- 743 SF larger
- 1 additional bedroom
- 1 additional bathroom
- Similar lot size
- 26 years newer
- 472 SF smaller
- 0.5 fewer bathrooms
- Similar lot size
- 1 year older
- 117 SF larger
- 0.5 additional bathrooms
- 1,743 SF larger lot
- Same year built
A 1990 traditional on 0.22 acres.
Building
Site & utilities
Madison Oaks
Researched nearby locations
Location
844 Madison Ave, Cary, NC 27513
Madison Oaks is a family-oriented pocket of Cary prized for its mature trees, quiet streets, and proximity to top-rated schools. Residents enjoy quick access to local shopping at Preston Corners, outdoor recreation at Fred G. Bond Metro Park, and the dining and events of downtown Cary. The neighborhood's strong school ratings and stable, walkable blocks attract families and professionals seeking established suburban living with easy commutes to work and convenient weekend options nearby.
Very good access to outdoor recreation with Fred G. Bond Metro Park about 2.5 miles away, neighborhood sidewalks for daily walks, nearby trails for biking and running, and community recreation facilities within a short drive.
A factual market snapshot around 844 Madison Ave.
The local market in Cary — and specifically Madison Oaks — continues to favor sellers. Inventory is tight at roughly 2.5 months supply, average days on market hover near 30, and area median sale prices sit around $550,000 with one-year appreciation near 5% and five-year appreciation about 25%. Recent nearby comps in Madison Oaks closed between $460,000 and $490,000 in the last six months, placing this home's valuation estimate near a $475,000 midpoint ($279/SF). Single-family homes in this corridor remain in high demand due to highly rated schools, proximity to parks and convenient shopping.
For investors, rental demand is strong — estimated monthly rent for comparable 3BR homes is about $2,200 (≈$1.29/SF), producing a gross rental yield around 5.5%. For owner-occupants, limited inventory and steady appreciation suggest listing windows are favorable; many properties in Cary still attract multiple offers within a month. Key buyer considerations include verifying roof condition and any HOA covenants, but market signals indicate this is a timely opportunity to acquire a modernized family home in a highly sought-after Wake County neighborhood.
Residential 8
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
- 743 SF larger
- 1 additional bedroom
- 1 additional bathroom
- 472 SF smaller
- 0.5 fewer bathrooms
What the research supports — and what is still worth verifying.
Key findings
- County assessor shows 2018 purchase at $290,000 ($170/SF) — current estimate $475,000 ($279/SF)
- Assessed value $450,898 (land $160K, improvements $290,898) — annual taxes $3,884.64
- Zoned R-8 — allows single-family residences and accessory dwelling units
- 3 comparable sales within 0.5 miles in last 6 months range $460K–$490K
- Average days on market in Cary: 30 days (seller's market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm roof age and condition
- Verify any HOA restrictions
- Confirm school assignments with Wake County Public School System
- Professional home inspection
What stands out about this property.
Interior Features
- 3 bedrooms, 2.5 bathrooms
- Hardwood floors on main level
- Granite countertops and kitchen island
- Cozy fireplace in living room
- Updated windows and exterior doors
- Primary suite with private bath and walk-in closet
- Good overall condition — updated finishes
Exterior & Lot
- 0.22-acre level lot (approx. 9,583 SF)
- Large rear deck for entertaining
- Fenced backyard
- Fiber cement siding
- Concrete driveway with parking for two
- Shingle roof (age to be confirmed)
Location & Neighborhood
- Madison Oaks neighborhood, Cary, NC
- Weatherstone Elementary ~0.7 miles
- Preston Corners shopping ~1.2 miles
- Downtown Cary ~2 miles
- Fred G. Bond Metro Park ~2.5 miles
- Wake County Public School System
Walkability & Recreation
- Walkability Rating: 62/100 — Some walkable amenities
- Nearby parks and green spaces (Fred G. Bond Metro Park 2.5 miles)
- Walking distance to Weatherstone Elementary (0.7 miles)
- Hiking and biking routes within a short drive
- Community recreation facilities nearby
- Running/walking paths and neighborhood sidewalks
Sources & research confidence.
See where the property research came from and how confidence varies by field.