$475,000
844 Madison Ave, Cary, NC 27513
Updated 3-Bed, 2.5-Bath Home with Large Deck and Yard
3 Bed · 2.5 Bath · 1,704 Sq Ft
Modern updates and family-friendly location in Madison Oaks
3
Beds
2.5
Baths
1,704
Sq Ft
1990
Built
0.22 acres
Lot
About 844 Madison Ave
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.
Home Highlights
Property Features
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
Neighborhood & Location
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.
Market Insights
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.
Nearby Schools
Weatherstone Elementary School
Elementary · 0.7 mi
East Cary Middle School
Middle
Cary High School
High
Walkability & Recreation
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.
Investment Highlights
- Modern updates including granite countertops and hardwood floors
- Highly rated schools within close proximity
- Spacious backyard with large deck for outdoor activities
- Proximity to shopping centers, parks, and downtown Cary
- Steady appreciation in property value over the past 8 years
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)
Things to Consider
- Built in 1990 — roof age and condition should be inspected
- Potential HOA restrictions — verify any applicable covenants
- School assignments should be confirmed with Wake County Public School System
Opportunity Analysis
Well-maintained home in a desirable Cary neighborhood with modern updates and strong appreciation potential. Proximity to amenities and highly rated schools enhances appeal. Limited inventory and high demand suggest strong resale trajectory.
Potential Use Scenarios
- Potential primary residence in a family-friendly neighborhood
- Opportunity for rental income given strong demand in Cary
- Consider long-term appreciation potential in a growing market
Risk Factors
- 1990 construction — potential for aging systems requiring maintenance
- Verify any HOA restrictions that may impact property use
- Confirm school assignments and potential impact on resale value
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$460K
Midpoint
$475K
High
$490K
$279/SF estimated price per square foot
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.
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
Demographics
Cary has experienced steady population growth and economic development, contributing to a strong real estate market.
Nearby Points of Interest
- Weatherstone Elementary School (0.7 mi)
- Preston Corners Shopping Center (1.2 mi)
- Fred G. Bond Metro Park (2.5 mi)
- Downtown Cary (2 mi)
Conveniently located near schools, shopping centers, parks, and downtown Cary, offering a balanced suburban lifestyle.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Sale History
$170/SF
Arm's length transaction
$82/SF
Post-recession purchase
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