Price Point: How much house does $310,000 get in the Triangle today?
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Price Point
See what you could buy within your budget from the North Carolina Triangle’s current real estate market options.
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Thinking about buying a home in the Triangle?
“Price Point” is a new N&O column aimed at offering a quick snapshot of the market, and what buyers can get depending on their location and budget.
Every week, we will write about three houses on the market that are roughly the same price but located in different parts of the Triangle.
The goal is to give buyers a rough barometer of where the market is at after two-plus years of plummeting inventory and sky-high home prices. It will also highlight how prices — and what you get for the money — can vary greatly across the region’s submarkets.
This week, the number is $310,000, and the homes are in Raleigh, Durham and Chapel Hill. The options vary pretty dramatically.
4216 Loon Lane, Raleigh, 27616
Sold: $309,000 on Jan. 1
A Victorian-style house with three bedrooms and three bathrooms, on a .17-acre lot
The house is on a corner lot in the Mallard Crossing neighborhood, two miles to 1-540 and four miles to Buffaloe Road Athletic Park. It’s about a 10 minute drive north of Knightdale and a 20 minute drive east of downtown Raleigh.
The house includes a front porch, a back deck, screened porch and koi pond. It also features new exterior and interior paint, new carpet and refinished hardwood floors.
Size: 1,581 square feet
Year built: 1990
Price per square foot: $195
HOA fees: $41 per month
Taxes: $1,333 (estimated)
Listed by: Donald Carter, The Carter Brokerage Firm
5801 Hadrian Drive, Durham, 27703
Sold: $310,000 on Jan. 3
A ranch home with three bedrooms and two bathrooms, on a .33-acre lot
This house is on a corner lot, less than a mile east of Ridgewood neighborhood. It’s about a 15 minute drive to downtown Durham and 17 minute drive to Research Triangle Park.
The house includes a primary suite with a walk-in closet, vaulted ceilings in the living/dining area, attached garage, and an updated eat-in kitchen.
Size: 1,393 square feet
Year built: 1990
Price per square foot: $223
HOA fees: None
Taxes: $1,394 (estimated)
Listed by: Pauline Salerno, Nest Realty
309 Severin St., Chapel Hill, 27516
Sold: $290,000 on Jan. 6
A brick ranch home with three bedrooms and one bathroom, on a .33-acre lot
This house is on a dead-end street near the Colonial Heights neighborhood. It’s about a six-minute drive to downtown Chapel Hill and 24 minutes to Research Triangle Park. The house includes a fenced yard and is “ready to renovate,” according to the listing.
Size: 1,512 square feet
Year built: 1956
Price per square foot: $192
HOA fees: None
Taxes: $4,168 (estimated)
Listed by: Steven T. Koleno, Beycome Brokerage Realty
Chantal Allam covers real estate and economic development in the Greater Triangle. Have a tip? Reach her at callam@newsobserver.com or 786-246-6693.
This story was originally published January 11, 2023 at 5:00 AM.
