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CondominiumResidential

505 Florence St

RALEIGH, NC 27603
2006
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
Built 20062 floors4 units1,060–1,900 ft²
$1.9M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$479K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$342
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+50.0%vs the Raleigh ZIP median sale $/ft² ($228)

Sales Performance

—
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
0
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
0.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
200620072015201620202024
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
200620072015201620202024

8 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Studio
4 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
Studio · 2 ba · 1,060 ft²
2 units
One-off layouts
2 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$393K–$393K
1 unit
$453K–$453K
1 unit
$505K–$505K
1 unit
$583K–$583K
1 unit

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 1
$399/ft²
Floor 2
$289/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.100%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.0%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.6.1 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.100%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.78%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$476,873
Median tax billThe middle annual property tax bill among the building's units.$4,684
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 101May 17, 2024$480,000Unit 101Feb 13, 2020$331,500Unit 101Jan 19, 2016$275,000Unit 102May 21, 2015$270,000Unit 202Mar 27, 2007$335,000Unit 201Jan 2, 2007$339,000Unit 101Jun 14, 2006$179,000Unit 102Jun 14, 2006$170,500

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

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.23
62
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
12
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.27 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.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyWake
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Wiley Magnet Elementary SchoolB
Elementary · Grades PK–5 · 0.8 mi
H
Broughton Magnet High SchoolA-
High · Grades 9–12 · 1.1 mi
M
Oberlin Magnet Middle SchoolA-
Middle · Grades 6–8 · 2.8 mi

District: Wake County Schools

Neighborhood · ZIP 27603These 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.108
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.85
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.43

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.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.34%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.62,817
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,202 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$86,402
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$112,305
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%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

505 Florence St Apt 101
2 ba · 1,060 ft²
$453K
505 Florence St Apt 102
2 ba · 1,060 ft²
$393K
505 Florence St Apt 201
3 ba · 1,864 ft²
$583K
505 Florence St Apt 202
3 ba · 1,900 ft²
$505K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 505 Florence St

How many units are in 505 Florence St, Raleigh, NC?

505 Florence St, Raleigh, NC has 4 residential units across 2 floors, built in 2006, according to county assessor records.

What is a unit at 505 Florence St, Raleigh, NC worth?

The median TopHap Estimate across the 4 units at 505 Florence St, Raleigh, NC is $479,052. That works out to $342 per square foot. Units run from 1,060 to 1,900 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 505 Florence St, Raleigh, NC expensive for Raleigh?

Units at 505 Florence St, Raleigh, NC carry a median of $342 per square foot, 50% above the Raleigh median of $228 per square foot.

How often do units sell at 505 Florence St, Raleigh, NC?

0 units at 505 Florence St, Raleigh, NC sold in the last 12 months, out of 8 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 505 Florence St, Raleigh, NC appreciated?

Across 4 repeat sales of the same unit, 505 Florence St, Raleigh, NC returned a median 5.0% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 6.6 years.

What floor plans does 505 Florence St, Raleigh, NC have?

The most common plan at 505 Florence St, Raleigh, NC is a 0-bedroom of 1,060 square feet, repeated 2 times, with a median estimate of $423,074. TopHap identifies 1 recurring plans in the building.

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