Farmhouse / Modern Farmhouse home in Raleigh, NC
Set in Raleigh, NC, this Farmhouse home provides 3 bedrooms and 3 bathrooms across 2,050 square feet. Its Farmhouse character defines the property's look.
| Price | $599,000 |
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| Beds | 3 |
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| Baths | 3 |
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| Sqft | 2050 |
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| Architectural style | Farmhouse / Modern Farmhouse (62% match) |
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| Address | 481 Mugby Rd, Raleigh, NC 27610 |
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Why buy this home
- Confirmed Farmhouse / Modern Farmhouse 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 $599K, this home is 23% below the $777K median for 46 similar Farmhouse / Modern Farmhouse homes in Raleigh, NC.
- That works out to $292 per square foot, right at the $292 comparable rate.
- New to market (4 days), so expect competition.
| This home | $599,000 |
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| Farmhouse / Modern Farmhouse median in Raleigh, NC | $777,000 (46 homes) |
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| Price per sq ft | $292 vs. $292 comps median |
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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 $3,913/month with 20% down at a 7.28% 30-year fixed rate. You would need about $167,687 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,279/mo |
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| Property tax (new-buyer reassessed rate) | $409/mo |
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| Homeowners insurance | $225/mo |
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| Total monthly | $3,913/mo |
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| Down payment (20%) | $119,800 |
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| Income needed | $167,687/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) | $309,362 |
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| Range (10th to 90th pct) | $192,283 to $450,583 |
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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