Cottage / Storybook home in Raleigh, NC
Set in Raleigh, NC, this Cottage home provides 3 bedrooms and 2 bathrooms across 1,270 square feet. Its Cottage character defines the property's look.
| Price | $329,900 |
|---|
| Beds | 3 |
|---|
| Baths | 2 |
|---|
| Sqft | 1270 |
|---|
| Architectural style | Cottage / Storybook (59% match) |
|---|
| Address | 7408 Ray Rd, Raleigh, NC 27613 |
|---|
Why buy this home
- Confirmed Cottage / Storybook architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced below comparable homes.
- At $330K, this home is 45% below the $599K median for 333 similar Cottage / Storybook homes in Raleigh, NC.
- That works out to $260 per square foot, 9% below the $287 comparable rate.
- On the market 17 days.
| This home | $329,900 |
|---|
| Cottage / Storybook median in Raleigh, NC | $599,000 (333 homes) |
|---|
| Price per sq ft | $260 vs. $287 comps median |
|---|
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 $2,155/month with 20% down at a 7.28% 30-year fixed rate. You would need about $92,354 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,806/mo |
|---|
| Property tax (new-buyer reassessed rate) | $225/mo |
|---|
| Homeowners insurance | $124/mo |
|---|
| Total monthly | $2,155/mo |
|---|
| Down payment (20%) | $65,980 |
|---|
| Income needed | $92,354/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (60 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+ (60/100) |
|---|
| Beats renting in | 11% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $151,730 |
|---|
| Range (10th to 90th pct) | $88,591 to $226,488 |
|---|
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