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TownhouseResidential
$298,658$193 / 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 94How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jun 23, 2026
Last sold for $197,200 on Jul 14, 2015

3218 TROPICAL PARADISE WAY

RALEIGH, NC 27603
4
Baths
1,548 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.
1,307 ft²
Lot SizeThe size of the land the home sits on, from county records.
2004
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$299K
$281K low$317K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$197,200 · Jul 14, 2015
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.$298,658
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$238,926

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,772 (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.$315,524 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$80,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$235,524
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$367,115
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$315,524

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.12
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
16
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.
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.Townhouse
StyleThe architectural style of the home, such as ranch or colonial.Townhouse
CountyWake
Lot (acres)The size of the land the home sits on, from county records.0.03
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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Patio · 154 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.

H
Athens Drive Magnet High SchoolA-
High · Grades 9–12 · 1.8 mi
M
Dillard Drive Magnet Middle SchoolB
Middle · Grades 6–8 · 1.8 mi
E
Swift Creek Elementary SchoolA-
Elementary · Grades PK–5 · 4.0 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.62,816
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.$112,306
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

3218 Tropical Paradise Way 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.

  • Worth less than 86% of homes in Wake County
  • Costs less per square foot than 77% of homes in Wake County
  • Smaller than 76% of homes in Wake County
  • Has a smaller lot than 95% of homes in Raleigh 27603
  • Newer than 74% of homes in Southwest Raleigh

What homes are worth in Raleigh 27603

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

This home
$197K$968K

This home is worth more than 20% of homes in Raleigh 27603.

How it measures up in Raleigh 27603

The dot is this home. The mark in the middle is the typical home in Raleigh 27603.

Estimated value$298,658
CheaperTypical $405,417Pricier

Pricier than 20% of homes nearby

Price per ft²$193
CheaperTypical $219Pricier

Pricier than 26% of homes nearby

Living area1,548 ft²
SmallerTypical 1,800 ft²Bigger

Bigger than 35% of homes nearby

Lot size1,307 ft²
SmallerTypical 0.49 acBigger

Bigger than 5% of homes nearby

Year built2004
OlderTypical 2000Newer

Newer than 66% of homes nearby

How 3218 Tropical Paradise Way ranks against every home in each area.
MeasureThis homeSouthwest RaleighRaleigh 27603Wake County
Estimated valuepricier than$298,65840% of homes20% of homes14% of homes
Price per ft²pricier than$19326% of homes26% of homes23% of homes
Living areabigger than1,548 ft²56% of homes35% of homes24% of homes
Lot sizebigger than1,307 ft²17% of homes5% of homes5% of homes
Year builtnewer than200474% of homes66% of homes58% of homes

About 3218 Tropical Paradise Way

How much is 3218 Tropical Paradise Way, Raleigh, NC worth?

The TopHap Estimate for 3218 Tropical Paradise Way, Raleigh, NC is $298,658 as of Jun 23, 2026. The likely range is $280,738 to $316,577. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3218 Tropical Paradise Way, Raleigh, NC last sell?

3218 Tropical Paradise Way, Raleigh, NC last sold on Jul 14, 2015 for $197,200, according to the county's recorded deed.

How big is 3218 Tropical Paradise Way, Raleigh, NC?

3218 Tropical Paradise Way, Raleigh, NC has 4 bathrooms, 1,548 square feet of living space and a 0.03-acre lot.

When was 3218 Tropical Paradise Way, Raleigh, NC built?

3218 Tropical Paradise Way, Raleigh, NC was built in 2004, making it 22 years old. It is a townhouse home. The building has 2 stories.

What schools serve 3218 Tropical Paradise Way, Raleigh, NC?

3218 Tropical Paradise Way, Raleigh, NC is assigned to Athens Drive Magnet High School (high), rated A-; Dillard Drive Magnet Middle School (middle), rated B; Swift Creek Elementary School (elementary), rated A-. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3218 Tropical Paradise Way, Raleigh, NC compare to other homes in Raleigh 27603?

Among the 18,308 homes in Raleigh 27603, it is worth more than 20% of them ($298,658 against a typical $405,417), its price per square foot is higher than 26% of them ($193 against a typical $219), it is bigger than 35% of them (1,548 ft² against a typical 1,800 ft²), its lot is bigger than 5% of them (1,307 ft² against a typical 0.49 ac) and it is newer than 66% of them (2004 against a typical 2000). Measured against all of Wake County, it is worth more than 14% 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 3218 Tropical Paradise Way, Raleigh, NC?

The 2025 property tax bill for 3218 Tropical Paradise Way, Raleigh, NC was $2,772. The county assessed it at $315,524.

Closest homes

More homes in Raleigh 27603

Assigned schools

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