Ranch home in Raleigh, NC
Set in Raleigh, NC, this Ranch home provides 3 bedrooms and 1 bathroom across 1,020 square feet. Notable features include hardwood floors.
| Price | $230,000 |
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| Beds | 3 |
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| Baths | 1 |
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| Sqft | 1020 |
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| Architectural style | Ranch (31% match) |
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| Address | 1008 Beverly Dr, Raleigh, NC 27610 |
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Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Features: hardwood floors.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced below comparable homes.
- At $230K, this home is 42% below the $400K median for 355 similar Ranch homes in Raleigh, NC.
- That works out to $225 per square foot, 13% below the $259 comparable rate.
| This home | $230,000 |
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| Ranch median in Raleigh, NC | $400,000 (355 homes) |
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| Price per sq ft | $225 vs. $259 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. 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 $1,502/month with 20% down at a 7.28% 30-year fixed rate. You would need about $64,387 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,259/mo |
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| Property tax (new-buyer reassessed rate) | $157/mo |
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| Homeowners insurance | $86/mo |
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| Total monthly | $1,502/mo |
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| Down payment (20%) | $46,000 |
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| Income needed | $64,387/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (68 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 | B- (68/100) |
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| Beats renting in | 23% of modeled paths |
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| Modeled 5-yr equity (median) | $118,637 |
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| Range (10th to 90th pct) | $71,511 to $175,046 |
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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 Trulia