Price Point: What does $1 million get in Triangle’s housing market 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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This week’s Price Point looked at homes that sold recently for around $1,000,000, and found choices in downtown Raleigh and Apex. Two are brand-new builds, while the other is a renovated ranch-style home in one of Raleigh’s most coveted neighborhoods.
606 Velma Hopkins Lane, Raleigh, 27603
Sold: $1,000,000 on Feb. 28
Brand new single-family home with three bedrooms and four bathrooms on a .03-acre lot
Built in 2022, this three-story home with rooftop terrace is in the Caraleigh Commons neighborhood in downtown Raleigh. It’s walkable to Dix Park, the Warehouse District and the upcoming Park City.
The 2,611-square-foot home offers an open common area, hardwood, quartz countertops, 10-foot center island, as well as other custom features like a shiplap wall and “soft-close” cabinets.
Size: 2,611 square feet
Year built: 2022
Price per square foot: $383
HOA fees: $200 annually
Taxes: Not available
Last sold: Not applicable
Listed by: Jim Allex, Howard Perry & Walston Realtor
1238 Soaring Silo Way Valencia LOT 314-D1B, Apex, 27502
Sold: $1,000,000 on Feb. 28
Single-family craftsman-style home with six bedrooms and six bathrooms on .3-acre lot
The two-story house is in the master-planned Smith Farm community in Apex. Miami-based homebuilder Lennar is actively selling homes priced from the mid-$600,000, according to its website. It’s close to Beaver Creek Shopping Complex, downtown Apex, Pine Lake Plaza and several parks. It’s about a 29-minute drive east to downtown Raleigh, and about a 20-minute drive northeast to Raleigh-Durham International Airport.
Built in 2022, this 5,393-square-foot home features open floor plan, screen porch, morning room, and first-floor guest suite. Community amenities include swimming pool, clubhouse, parks, dog parks, playground, soccer field and greenway access. Note: Images are from a model of this home. Actual configuration and features may vary.
Size: 5,393 square feet
Year built: 2022
Price per square foot: $185
HOA fees: $100 monthly
Taxes: Unavailable
Last sold: Not applicable
Listed by: Katie Webb and Matthew Levesque, Lennar Carolinas
2819 Anderson Drive, Raleigh, 27608
Sold: $1,000,000 on March 2
Renovated single-family ranch-style home with four bedrooms and three bathrooms on .37-acre lot
The house is in the Anderson Heights neighborhood of Raleigh. It’s about a 10-minute drive south to downtown Raleigh, and about a 20-minute drive northwest to Raleigh-Durham International Airport.
Built in 1974 and renovated in 2016, this 2,890-square-foot home features vaulted kitchen/living/dining space with gas range, beverage fridge, pantry, and bar seating. It also includes new deck, detached building and a partially finished basement and storage room.
Size: 2,890 square feet
Year built: 1974
Price per square foot: $346
HOA fees: None
Taxes: $7,200 (estimated)
Last sold: $583,000 in 2016
Listed by: Anna Ball Hodge, Hodge & Kittrell Sotheby’s International Realty
This story was originally published March 8, 2023 at 7:55 AM.
