home in Raleigh, NC
Set in Raleigh, NC, this home provides 4 bedrooms and 3 bathrooms across 3,058 square feet.
| Price | $630,000 |
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| Beds | 4 |
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| Baths | 3 |
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| Sqft | 3058 |
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| Address | 3121 Hummer Way, Raleigh, NC 27614 |
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Why buy this home
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced a little under the area.
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 $4,115/month with 20% down at a 7.28% 30-year fixed rate. You would need about $176,365 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,448/mo |
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| Property tax (new-buyer reassessed rate) | $431/mo |
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| Homeowners insurance | $236/mo |
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| Total monthly | $4,115/mo |
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| Down payment (20%) | $126,000 |
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| Income needed | $176,365/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 C (59 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 (59/100) |
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| Beats renting in | 10% of modeled paths |
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| Modeled 5-yr equity (median) | $284,285 |
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| Range (10th to 90th pct) | $163,993 to $426,099 |
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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 16% 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.
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View this home on Zillow