Cottage / Storybook home in Raleigh, NC
Set in Raleigh, NC, this Cottage home provides 6 bedrooms and 7 bathrooms across 5,987 square feet. Notable features include hot tub / spa, swimming pool, attached garage, and fireplace.
| Price | $4,200,000 |
|---|
| Beds | 6 |
|---|
| Baths | 7 |
|---|
| Sqft | 5987 |
|---|
| Architectural style | Cottage / Storybook (46% match) |
|---|
| Address | 1716 Nottingham Road, Raleigh, NC 27607 |
|---|
Why buy this home
- Confirmed Cottage / Storybook architecture, matched from the listing photos by Enzo's vision model.
- Features: attached garage, fireplace, hot tub / spa, swimming pool.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced above comparable homes.
- At $4.2M, this home is 601% above the $599K median for 333 similar Cottage / Storybook homes in Raleigh, NC.
- That works out to $702 per square foot, 145% above the $287 comparable rate.
| This home | $4,200,000 |
|---|
| Cottage / Storybook median in Raleigh, NC | $599,000 (333 homes) |
|---|
| Price per sq ft | $702 vs. $287 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $27,435/month with 20% down at a 7.28% 30-year fixed rate. You would need about $1,175,766 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $22,990/mo |
|---|
| Property tax (new-buyer reassessed rate) | $2,870/mo |
|---|
| Homeowners insurance | $1,575/mo |
|---|
| Total monthly | $27,435/mo |
|---|
| Down payment (20%) | $840,000 |
|---|
| Income needed | $1,175,766/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (64 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C+ (64/100) |
|---|
| Beats renting in | 15% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $2,058,176 |
|---|
| Range (10th to 90th pct) | $1,252,172 to $3,052,999 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Raleigh, NC where local data is thin.
Local home values
Typical home values in Raleigh, NC have risen about 19% over the past 5 years (-2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately