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TownhouseResidential
$698,403$307 / 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 93How 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 $248,500 on Jul 9, 1998

3505 PROPRIETOR WAY

RALEIGH, NC 27612
3
Baths
2,277 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.
2,614 ft²
Lot SizeThe size of the land the home sits on, from county records.
1997
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$698K
$649K low$747K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$248,500 · Jul 9, 1998
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.$0
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$0
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.147%
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.$990,000
MUTUAL OF OMAHA MORTGAGE INC · recorded May 6, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,236 (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.$483,430 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$104,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$378,930
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$483,430
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$483,430

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
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2002
Lot (acres)The size of the land the home sits on, from county records.0.06
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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 63 ft²

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

E
Stough Magnet Elementary SchoolB-
Elementary · Grades PK–5 · 1.3 mi
M
Oberlin Magnet Middle SchoolA-
Middle · Grades 6–8 · 3.2 mi
H
Broughton Magnet High SchoolA-
High · Grades 9–12 · 4.3 mi

District: Wake County Schools

Neighborhood · ZIP 27612These 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.122
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 100.41

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.42%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.1%
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.42,531
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,247 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$99,190
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$121,138
Average tempThe average temperature here across a full year.60°F
Annual precipHow much rain and melted snow falls here in a typical year.46 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.Owner occupied
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

3505 Proprietor 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 more than 78% of homes in Northwest Raleigh
  • Costs more per square foot than 90% of homes in Northwest Raleigh
  • Has a smaller lot than 86% of homes in Wake County

What homes are worth in Raleigh 27612

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

This home
$224K$1.5M

This home is worth more than 70% of homes in Raleigh 27612.

How it measures up in Raleigh 27612

The dot is this home. The mark in the middle is the typical home in Raleigh 27612.

Estimated value$698,403
CheaperTypical $572,328Pricier

Pricier than 70% of homes nearby

Price per ft²$307
CheaperTypical $256Pricier

Pricier than 77% of homes nearby

Living area2,277 ft²
SmallerTypical 2,207 ft²Bigger

Bigger than 54% of homes nearby

Lot size2,614 ft²
SmallerTypical 0.3 acBigger

Bigger than 27% of homes nearby

Year built1997
OlderTypical 1989Newer

Newer than 60% of homes nearby

How 3505 Proprietor Way ranks against every home in each area.
MeasureThis homeNorthwest RaleighRaleigh 27612Wake County
Estimated valuepricier than$698,40378% of homes70% of homes77% of homes
Price per ft²pricier than$30790% of homes77% of homes86% of homes
Living areabigger than2,277 ft²58% of homes54% of homes56% of homes
Lot sizebigger than2,614 ft²28% of homes27% of homes14% of homes
Year builtnewer than199746% of homes60% of homes41% of homes

About 3505 Proprietor Way

How much is 3505 Proprietor Way, Raleigh, NC worth?

The TopHap Estimate for 3505 Proprietor Way, Raleigh, NC is $698,403 as of Jul 14, 2026. The likely range is $649,350 to $747,456. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3505 Proprietor Way, Raleigh, NC last sell?

3505 Proprietor Way, Raleigh, NC last sold on Jul 9, 1998 for $248,500, according to the county's recorded deed.

How big is 3505 Proprietor Way, Raleigh, NC?

3505 Proprietor Way, Raleigh, NC has 3 bathrooms, 2,277 square feet of living space and a 0.06-acre lot.

When was 3505 Proprietor Way, Raleigh, NC built?

3505 Proprietor Way, Raleigh, NC was built in 1997, making it 29 years old. It is a townhouse home. The building has 2 stories.

What schools serve 3505 Proprietor Way, Raleigh, NC?

3505 Proprietor Way, Raleigh, NC is assigned to Stough Magnet Elementary School (elementary), rated B-; Oberlin Magnet Middle School (middle), rated A-; Broughton Magnet High School (high), rated A-. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3505 Proprietor Way, Raleigh, NC compare to other homes in Raleigh 27612?

Among the 11,636 homes in Raleigh 27612, it is worth more than 70% of them ($698,403 against a typical $572,328), its price per square foot is higher than 77% of them ($307 against a typical $256), it is bigger than 54% of them (2,277 ft² against a typical 2,207 ft²), its lot is bigger than 27% of them (2,614 ft² against a typical 0.3 ac) and it is newer than 60% of them (1997 against a typical 1989). Measured against all of Wake County, it is worth more than 77% 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 3505 Proprietor Way, Raleigh, NC?

The 2025 property tax bill for 3505 Proprietor Way, Raleigh, NC was $4,236. The county assessed it at $483,430.

Closest homes

More homes in Raleigh 27612

Assigned schools

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