Price Point: What does $500,000 get in Triangle’s housing market today?

By Chantal Allam

Updated March 17, 2023 3:41 PM

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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Price Point

“Price Point” is a new N&O column aimed at offering a snapshot of the local real estate market. Each week, we'll tell you about three houses on the market that are roughly the same price but located in different parts of the Triangle. It will also highlight how prices — and what you get for the money — can vary greatly across the region.

This week’s Price Point looked at homes that sold recently for around $500,000, and found choices in West Raleigh, Durham, and Apex. Two of the three are new build. All are move-in ready with loads of amenities. Here’s a look.

4926 Trek Lane, Raleigh, 27606

Sold: $501,000 on Feb. 16

New-build townhome with three bedrooms and three bathrooms on a 0.03-acre lot

This 2,065-square-foot townhome is located off Blue Ridge Road in West Raleigh. It’s about a 15-minute drive to downtown Raleigh, and about a 12-minute drive west to downtown Cary.

The townhome features a two-car garage and a fiber-cement and painted-brick exterior. Interior includes hardwoods on the entire main floor and recreation room, quartz countertops in kitchen and upgraded trim.

Size: 2,065 square feet

Year built: 2022

Price per square foot: $243

HOA fees: $149 monthly

Taxes: Not available

Last sold: Not applicable

Listed by: Joe Alercia, RE/MAX United

Price Point

1032 Greatland Road, Lot 91, Durham, 27703

Sold: $500,000 on Feb. 17

New-build single-family home with three bedrooms and three bathrooms on .1-acre lot

1032 Greatland Rd. LOT 91, Durham, 27703 TMLS

The house is located in the Enclave at Leesville, a new 52-single-family home community by the Virginia-based developer HHHunt. It’s about a 13-minute drive to Research Triangle Park and about a 10-minute drive to Raleigh-Durham International Airport.

The 1,931-square-foot home features a first-floor owner’s suite, plus a bonus room and walk-in attic storage. Amenities include a dog park, walking trails, community pool, gym, and lawn maintenance.

Size: 1,931 square feet

Year built: 2023

Price per square foot: $259

HOA fees: $195 monthly

Taxes: 3,717 (estimated)

Last sold: Not applicable

Listed by: Renee Aquilino, HHHunt Homes of Raleigh-Durham

7424 Bedford Ridge Drive, Apex, 27539

Sold: $495,000 on Feb. 17

Single-family home with three bedrooms and three bathrooms on 0.15-acre lot

7424 Bedford Ridge Dr., Apex, 27539 TMLS

The house is located in The Park at West Lake, a subdivision in Apex. It’s about a 25-minute drive southwest from downtown Raleigh, and about a 35-minute drive southeast from downtown Durham.

Built in 2012, the house features an updated kitchen, open-floor plan, first-floor primary suite, and upstairs bonus room. Amenities include two community pools, playground and dog park.

Size: 2,318 square feet

Year built: 2012

Price per square foot: $214

HOA fees: $637 semi-annually

Taxes: 3,300 (estimated)

Last sold: 2019 at $340,000

Listed by: Charlotte Davenport, Compass - Raleigh

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This story was originally published February 22, 2023 at 8:00 AM.

Chantal Allam

The News & Observer

919-829-4522

Chantal Allam covers real estate for the The News & Observer and The Herald-Sun. She writes about commercial and residential real estate, covering everything from deals, expansions and relocations to major trends and events. She previously covered the Triangle technology sector and has been a journalist on three continents.