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CondominiumResidential
$405,888$406 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $40,500 on Dec 19, 1989

1027 NICHOLS DR

RALEIGH, NC 27605
2
Baths
1,000 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.
436 ft²
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.
2
StoriesHow many floors the home has above ground.
4
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$406K
$369K low$443K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$40,500 · Dec 19, 1989
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$314,388
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$251,510
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.23%
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.$66,500
BANK OF AMERICA · E · recorded Aug 17, 2004
2nd 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.$25,000
STATE EMPLOYEES FCU

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,544 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$289,459 (2025)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$289,459
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$289,459
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$289,459

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.47
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
15
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
84
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
91
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

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.Brick
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
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.

H
Broughton Magnet High SchoolA-
High · Grades 9–12 · 0.3 mi
E
Wiley Magnet Elementary SchoolB
Elementary · Grades PK–5 · 0.6 mi
M
Oberlin Magnet Middle SchoolA-
Middle · Grades 6–8 · 1.4 mi

District: Wake County Schools

Neighborhood · ZIP 27605These 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.164
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.82
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.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.40%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
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.6,700
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.6,403 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$72,647
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$108,979
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.No

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

1027 Nichols Dr 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.

  • Costs more per square foot than 96% of homes in Wake County
  • Smaller than 97% of homes in Wake County
  • Among the smallest lots in Wake County
  • Older than 97% of homes in Wake County

What homes are worth in Raleigh 27605

Each bar is how many homes fall in that price range. The marker is this home.

This home
$59K$2M

This home is worth more than 53% of homes in Raleigh 27605.

How it measures up in Raleigh 27605

The dot is this home. The mark in the middle is the typical home in Raleigh 27605.

Estimated value$405,888
CheaperTypical $382,653Pricier

Pricier than 53% of homes nearby

Price per ft²$406
CheaperTypical $369Pricier

Pricier than 63% of homes nearby

Living area1,000 ft²
SmallerTypical 1,136 ft²Bigger

Bigger than 39% of homes nearby

Lot size436 ft²
SmallerTypical 0.14 acBigger

Bigger than 40% of homes nearby

Year built1949
OlderTypical 1953Newer

Newer than 40% of homes nearby

How 1027 Nichols Dr ranks against every home in each area.
MeasureThis homeHillsboroughRaleigh 27605Wake County
Estimated valuepricier than$405,88842% of homes53% of homes37% of homes
Price per ft²pricier than$40656% of homes63% of homes96% of homes
Living areabigger than1,000 ft²38% of homes39% of homes3% of homes
Lot sizebigger than436 ft²32% of homes40% of homesalmost no homes
Year builtnewer than194941% of homes40% of homes3% of homes

About 1027 Nichols Dr

How much is 1027 Nichols Dr, Raleigh, NC worth?

The TopHap Estimate for 1027 Nichols Dr, Raleigh, NC is $405,888 as of Jul 14, 2026. The likely range is $369,203 to $442,573. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1027 Nichols Dr, Raleigh, NC last sell?

1027 Nichols Dr, Raleigh, NC last sold on Dec 19, 1989 for $40,500, according to the county's recorded deed.

How big is 1027 Nichols Dr, Raleigh, NC?

1027 Nichols Dr, Raleigh, NC has 2 bathrooms and 1,000 square feet of living space.

When was 1027 Nichols Dr, Raleigh, NC built?

1027 Nichols Dr, Raleigh, NC was built in 1949, making it 77 years old. It is a condo/apartment home. The building has 2 stories.

What schools serve 1027 Nichols Dr, Raleigh, NC?

1027 Nichols Dr, Raleigh, NC is assigned to Broughton Magnet High School (high), rated A-; Wiley Magnet Elementary School (elementary), rated B; Oberlin Magnet Middle School (middle), rated A-. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1027 Nichols Dr, Raleigh, NC compare to other homes in Raleigh 27605?

Among the 2,021 homes in Raleigh 27605, it is worth more than 53% of them ($405,888 against a typical $382,653), its price per square foot is higher than 63% of them ($406 against a typical $369), it is bigger than 39% of them (1,000 ft² against a typical 1,136 ft²), its lot is bigger than 40% of them (436 ft² against a typical 0.14 ac) and it is newer than 40% of them (1949 against a typical 1953). Measured against all of Wake County, it is worth more than 37% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1027 Nichols Dr, Raleigh, NC?

The 2025 property tax bill for 1027 Nichols Dr, Raleigh, NC was $2,544. The county assessed it at $289,459.

Closest homes

More homes in Raleigh 27605

Assigned schools

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