Multi-Family Dwellings (Generic, Any Combination)Residential
Last sold for $498,000 on Feb 24, 2012
508 PHELPS AVE
RALEIGH, NC 27607
3.5
Baths
4,801 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.63 ac
Lot SizeThe size of the land the home sits on, from county records.
1949
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Valuation
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$498,000 · Feb 24, 2012
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$400,000
FIRST CITIZENS BANK & TRUST CO · recorded Feb 24, 2012
Tax & Assessment
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$808,471 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$600,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$208,471
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$808,471
Climate Risk
Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.22
52
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
13
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.15 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal
Scores 0–100; higher = greater projected risk.
Property Facts
Property TypeThe broad category the county puts this property in, such as residential or commercial.Multi-Family Dwellings (Generic, Any Combination)
StyleThe architectural style of the home, such as ranch or colonial.Conventional
CountyWAKE
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1980
Lot (acres)The size of the land the home sits on, from county records.0.63
ConstructionThe main material the home's frame and walls are built from.Brick
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Partial
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 76 ft²
Transaction History(3)
Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.
EHM
Olds Elementary SchoolB-
Elementary · Grades PK–5 · 0.4 mi
Broughton Magnet High SchoolA-
High · Grades 9–12 · 0.9 mi
Martin Magnet Middle SchoolB
Middle · Grades 6–8 · 1.6 mi
District: Wake County Schools
Neighborhood · ZIP 27607These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.
CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.123
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.87
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.40
Index scale: 100 = US average (tick). Lower is better.
Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.41%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.9.4%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.28,346
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,189 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$92,482
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$122,684
Average tempThe average temperature here across a full year.60°F
Annual precipHow much rain and melted snow falls here in a typical year.47 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%
Ownership
OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.Yes
Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.
How this home compares
508 Phelps Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.
- Bigger than 97% of homes in Wake County
- Has a bigger lot than 95% of homes in Wade
- Older than 97% of homes in Wake County
How it measures up in Raleigh 27607
The dot is this home. The mark in the middle is the typical home in Raleigh 27607.
Living area4,801 ft²
SmallerTypical 2,208 ft²Bigger
Bigger than 95% of homes nearby
Lot size0.63 ac
SmallerTypical 0.3 acBigger
Bigger than 91% of homes nearby
Year built1949
OlderTypical 1973Newer
Newer than 17% of homes nearby
| Measure | This home | Wade | Raleigh 27607 | Wake County |
|---|---|---|---|---|
| Living areabigger than | 4,801 ft² | 93% of homes | 95% of homes | 97% of homes |
| Lot sizebigger than | 0.63 ac | 95% of homes | 91% of homes | 83% of homes |
| Year builtnewer than | 1949 | 37% of homes | 17% of homes | 3% of homes |
About 508 Phelps Ave
When did 508 Phelps Ave, Raleigh, NC last sell?
508 Phelps Ave, Raleigh, NC last sold on Feb 24, 2012 for $498,000, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.
How big is 508 Phelps Ave, Raleigh, NC?
508 Phelps Ave, Raleigh, NC has 3.5 bathrooms, 4,801 square feet of living space and a 0.63-acre lot.
When was 508 Phelps Ave, Raleigh, NC built?
508 Phelps Ave, Raleigh, NC was built in 1949, making it 77 years old. It is a conventional home. The building has 1 story.
What schools serve 508 Phelps Ave, Raleigh, NC?
508 Phelps Ave, Raleigh, NC is assigned to Olds Elementary School (elementary), rated B-; Broughton Magnet High School (high), rated A-; Martin Magnet Middle School (middle), rated B. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.
How does 508 Phelps Ave, Raleigh, NC compare to other homes in Raleigh 27607?
Among the 5,576 homes in Raleigh 27607, it is bigger than 95% of them (4,801 ft² against a typical 2,208 ft²), its lot is bigger than 91% of them (0.63 ac against a typical 0.3 ac) and it is newer than 17% of them (1949 against a typical 1973). These shares are recounted nightly from the full county assessor record for each area, not from active listings.
More homes on Phelps Ave
Closest homes
- 2624 Kilgore Ave$997K125 ft · 4 ba · 2,753 ft² · Sold $1M · Dec 2023
- 2628 Kilgore Ave$1.2M127 ft · 4 ba · 3,146 ft² · Sold $735K · Aug 2019
- 2630 Kilgore Ave$1.4M151 ft · 4 ba · 3,086 ft² · Sold $659K · Aug 2015
- 2616 Kilgore Ave157 ft · 4 ba · 3,217 ft² · Sold $666K · Mar 2017
- 2615 Bedford Ave$1.2M141 ft · 4 ba · 3,073 ft² · Sold $1.2M · Jun 2025
- 2628 Bedford Ave$642K190 ft · 1 ba · 941 ft² · Sold $250K · Jul 2014
- 2626 Bedford Ave$523K194 ft · 1 ba · 1,034 ft² · Sold $157K · Jun 2003
- 2630 Bedford Ave$1.2M202 ft · 4 ba · 2,699 ft² · Sold $620K · Jul 2015
More homes in Raleigh 27607
- 3017 Wycliff Rd$385K2.5 ba · 1,426 ft² · Sold $386K · Jul 2026
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- 2701 Van Dyke Ave$895K3 ba · 2,100 ft² · Sold $896K · Jul 2026
- 1009 Parker St$1.6M1 ba · 967 ft² · Sold $1.5M · Jul 2026
- 1421 Ardara Ln$465K2.5 ba · 1,468 ft² · Sold $465K · Jul 2026
- 2217 Garden Pl2 ba · 1,944 ft² · Sold $825K · Jul 2026
- 3115 Wilder St$190K1 ba · 979 ft² · Sold $190K · Jul 2026
- 2812 Fowler Ave$535K1 ba · 1,076 ft² · Sold $513K · Jul 2026
- 2711 Everett Ave$662K3 ba · 2,121 ft² · Sold $1M · Jul 2026
- 5641 Wade Park Blvd$550K3.5 ba · 2,211 ft² · Sold $550K · Jul 2026
- 3201 Churchill Rd$2.5M3.5 ba · 7,869 ft² · Sold $2.5M · Jul 2026
Assigned schools
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