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Condominium Development (Association Assessment)Residential

508 S PERSON ST

RALEIGH, NC 27601
0.3 ac
Lot SizeThe size of the land the home sits on, from county records.
Built 20023 floors11 units970–2,035 ft²
$3.5M
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.
$299K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$281
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-21.7%vs the Raleigh ZIP median sale $/ft² ($359)

Sales Performance

$410K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
9.1%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+6.6%per yeartypical hold 5.4 yrsfrom 12 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20032004200720082014201520202026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20032004200720082014201520202026

23 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.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$252K$304K$356K$408K970 ft²1,183 ft²1,396 ft²1,609 ft²1,822 ft²2,035 ft²
Studio
Studio
11 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 · 3 ba · 1,065 ft²
5 units
Studio · 2 ba · 970 ft²
3 units
Studio · 2 ba · 979 ft²
2 units
One-off layouts
1 unit

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.

$252K–$259K
2 units
$296K–$299K
4 units
$338K–$348K
3 units
$373K–$373K
1 unit
$408K–$408K
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
$253/ft²
Floor 2
$321/ft²
Floor 3
$304/ft²
Unit lines by $/ft²Condo units stacked vertically share a unit line — the last digits of the unit number (like 05 in 1205, 1305, 1405). Lines share a layout and exposure, so comparing estimated $/ft² by line shows which position in the building commands a premium.
Line ·07
$302/ft²
Line ·01
$294/ft²
Line ·03
$292/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.64%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.9%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.11.3 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.44%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$352,235
Median tax billThe middle annual property tax bill among the building's units.$3,581
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 207May 4, 2026$410,000Unit 301Aug 11, 2020$315,000Unit 205May 18, 2017$250,000Unit 107May 1, 2017$255,000Unit 103Sep 1, 2015$233,600Unit 301Apr 30, 2015$190,000Unit 305Nov 10, 2014$184,000Unit 207Sep 17, 2014$188,000Unit 307Feb 28, 2014$187,000Unit 303Feb 14, 2014$186,000

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.19
40
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
11
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.8 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 Development (Association Assessment)
CountyWake
Lot (acres)The size of the land the home sits on, from county records.0.30
HeatingThe type of heating system in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

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.

M
Moore Square Magnet Middle SchoolB-
Middle · Grades 6–8 · 0.2 mi
H
Broughton Magnet High SchoolA-
High · Grades 9–12 · 1.5 mi
E
Joyner Magnet Elementary SchoolC
Elementary · Grades PK–5 · 2.8 mi

District: Wake County Schools

Neighborhood · ZIP 27601These 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.186
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.78
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.47

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.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.30%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.10,490
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,744 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$79,242
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$121,364
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.

508 S Person St
100 ft²
$301K
508 S Person St Apt 101
2 ba · 970 ft²
$252K
508 S Person St Apt 103
3 ba · 1,065 ft²
$338K
508 S Person St Apt 107
3 ba · 2,035 ft²
$373K
508 S Person St Apt 201
2 ba · 970 ft²
$259K
508 S Person St Apt 203
3 ba · 1,065 ft²
$297K
508 S Person St Apt 205
3 ba · 1,065 ft²
$339K
508 S Person St # 207
2 ba · 970 ft²
$408K
508 S Person St Apt 301
2 ba · 979 ft²
$348K
508 S Person St Apt 303
3 ba · 1,065 ft²
$299K
508 S Person St Apt 305
3 ba · 1,065 ft²
$297K
508 S Person St Apt 307
2 ba · 979 ft²
$296K

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

About 508 S Person St

How many units are in 508 S Person St, Raleigh, NC?

508 S Person St, Raleigh, NC has 11 residential units across 3 floors, built in 2002, according to county assessor records.

What is a unit at 508 S Person St, Raleigh, NC worth?

The median TopHap Estimate across the 11 units at 508 S Person St, Raleigh, NC is $299,369. That works out to $281 per square foot. Units run from 970 to 2,035 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 508 S Person St, Raleigh, NC expensive for Raleigh?

Units at 508 S Person St, Raleigh, NC carry a median of $281 per square foot, 22% below the Raleigh median of $359 per square foot.

How often do units sell at 508 S Person St, Raleigh, NC?

1 units at 508 S Person St, Raleigh, NC sold in the last 12 months, out of 23 recorded arms-length sales all time. That is a turnover rate of 9.1% of the building per year. The median sale over that period was $410K.

Have units at 508 S Person St, Raleigh, NC appreciated?

Across 12 repeat sales of the same unit, 508 S Person St, Raleigh, NC returned a median 6.6% 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 5.4 years.

What floor plans does 508 S Person St, Raleigh, NC have?

The most common plan at 508 S Person St, Raleigh, NC is a 0-bedroom of 1,065 square feet, repeated 5 times, with a median estimate of $299,369. TopHap identifies 3 recurring plans in the building.

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