5 months on rocket

523 S W St Unit 502, Raleigh, NC, 27601

$1,590,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,695 SqFt
$590/SqFt
Condo
Schools Nearby

Location

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523 S W St Unit 502, Raleigh$1,590,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered
Year Built2020
HeatingElectric, Forced Air
CoolingCentral Air, Electric
MLS #2540550
StatusActive

About 523 S W St Unit 502

WANT TO LIVE THE LUXURY URBAN LIFESTYLE IN THE HEART OF DOWNTOWN'S WAREHOUSE DISTRICT? THEN WELCOME TO THE FAIRWEATHER: This modern, expansive and open Penthouse unit has lots of usable living spaces that include a sleek kitchen with 6 burner gas range, quartz countertops, large island/bar with waterfall counters, microwave drawer, and walk-in pantry. The open living room has a wet bar, sitting room, and office nook. Two wall doors fold open and back to offer fresh air to the unit. Primary suite contains a walk-in space left blank so you can design the closet of your dreams. Floating double vanity and spacious walk-in shower complete the suite. Two guest bedrooms, one with a covered balcony. Remote controlled shades throughout. The Fairweather offers many unique amenities that include a package delivery concierge system, bike station, dog washing room, gym, and a rooftop lounge with a firepit/gas grill. This unit comes with TWO deeded/assigned parking spaces and TWO storage units in the covered garage. Come and live steps away from Red Hat Ampitheater, Sam Jones BBQ, and all that Downtown Raleigh has to offer!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, Modernist
  • Year Built: 2020
  • Living Area: 2,695 SqFt

Listing Office:

  • Office Name: Murray Real Estate Group, LLC
  • Office Email: brad@murrayregroup.com
  • Listing Agent: Bradley J Murray

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Gas Cooktop, Microwave, Plumbed For Ice Maker, Range, Range Hood, Refrigerator, Washer
  • Flooring Type: Hardwood, Tile
  • Interior: Ceiling Fan(s), Double Vanity, Entrance Foyer, High Ceilings, High Speed Internet, Pantry, Quartz Counters, Shower Only, Walk-In Closet(s), Walk-In Shower

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Porch/Covered, Porch, Balcony

Parking Information:

  • Attached Garage: No
  • Parking: Assigned, Covered

Lot Features

Lot Information:

  • Lot: Landscaped

Utilities

Utilities Information:

  • Heating: Electric, Forced Air
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Needham Broughton High School, Public Magnet Grades 9-12
  • Wake Early College of Health and Science, Public District Grades 9-12
  • Daniels Middle School, Public District Grades 6-8
  • Wiley Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: From the NC Capitol Building head south on Fayetteville St. Right on W. Hargett St. Left on S. Dawson St. Right on W. Lenoir St. The property will be on your right between S. Harrington St. & S. West St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,590,000
  • Price Per SqFt: $590/SqFt

HOA Fees:

  • Amount: $934
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $8,249
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Raleigh, NC.

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Raleigh, NC

City

Med. Sold Price

$425K

Med. Price/SqFt

$229

Avg. Days On Market

78

# of Sold Homes

507

523 S W St Unit 502 vs Raleigh

177 DAYS ON ROCKET

+99 Days

$1,590,000

+$1.1M More

$590/SqFt

+$361 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $361/SqFt more than other homes in Raleigh, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #2540550

Listing Office:

  • Office Name: Murray Real Estate Group, LLC
  • Office Email: brad@murrayregroup.com
  • Listing Agent: Bradley J Murray

IDX Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 12:50:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$8,249$1,275,041

History based on county public records data.

Payment Calculator

$8,937

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,833

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2835804
6
/10

  • Wiley Elementary School

  • 301 Saint Marys St

  • 0.84 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-2835805
6
/10

  • Daniels Middle School

  • 2816 Oberlin Rd

  • 2.80 miles

  • Public District Grades 6-8

High School

school-card-donut-2835806
6
/10

  • Needham Broughton High School

  • 723 Saint Marys St

  • 1.13 miles

  • Public Magnet Grades 9-12

school-card-donut-2835807
10
/10

  • Wake Early College of Health and Science

  • 2901 Holston Ln

  • 3.50 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,703. Residents of Raleigh, NC typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 523 S W St Unit 502

What is the listing price of this property?

The listing price of 523 S W St Unit 502 property is $1,590,000.

What type of property is this?

The property 523 S W St Unit 502 is a condo located in Raleigh, North Carolina, 27601.

Is this property for sale now?

Active Listing: 523 S W St Unit 502 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 523 S W St Unit 502 are:
Wiley Elementary School: GreatSchools Rating 6/10
Daniels Middle School: GreatSchools Rating 6/10
Needham Broughton High School: GreatSchools Rating 6/10
Wake Early College of Health and Science: GreatSchools Rating 10/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,249 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 523 S W St Unit 502 has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 523 S W St Unit 502 is 2,695 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 523 S W St Unit 502 is 2020.

Rocket Homes›North Carolina›Wake County›Raleigh›27601›523 S W St Unit 502

This home is located at 523 S W St Unit 502 in Raleigh, NC and zip code 27601 in the Inside the Beltline neighborhood. This 2,695 square foot home was built in 2020. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 03, 2023 and is currently priced at $1,590,000.

In March 2024 more than 149 listings in Raleigh, NC were sold above the asking price. During the same period more than 130 listings were sold at asking price, while more than 228 were sold below. The inventory of homes for sale in Raleigh, NC between February 2024 and March 2024 increased by 4.6%. Listings spent 78 days on the market in March 2024, and had a median list price of $425,075 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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