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Apartments (Generic)Residential
Last sold for $48,750,000 on Jul 30, 2020

408 E HARGETT ST

RALEIGH, NC 27601
2
Baths
169,951 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.
2.06 ac
Lot SizeThe size of the land the home sits on, from county records.
2015
Year BuiltThe year the home was originally built, according to county records.
4
StoriesHow many floors the home has above ground.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$48,750,000 · Jul 30, 2020
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.$36,133,000
JLL R/E CAP LLC · recorded Jul 30, 2020

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$579,130 (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.$61,126,503 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$15,120,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$46,006,503
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$61,126,503
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$61,126,503

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.9
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
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.Apartments (Generic)
StyleThe architectural style of the home, such as ranch or colonial.Conventional
CountyWake
Lot (acres)The size of the land the home sits on, from county records.2.06
ConstructionThe main material the home's frame and walls are built from.Brick
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.Yes
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 112 ft²ElevatorPorch · 77 ft²

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 · 0.1 mi
H
Broughton Magnet High SchoolA-
High · Grades 9–12 · 1.4 mi
E
Root Elementary SchoolB+
Elementary · Grades PK–5 · 3.5 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%

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.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

408 E Hargett St 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.

  • Among the largest homes in Raleigh 27601
  • Among the largest lots in Central Raleigh
  • Newer than 79% of homes in Raleigh 27601

How it measures up in Raleigh 27601

The dot is this home. The mark in the middle is the typical home in Raleigh 27601.

Living area169,951 ft²
SmallerTypical 1,408 ft²Bigger

Bigger than almost all homes nearby

Lot size2.06 ac
SmallerTypical 0.12 acBigger

Bigger than almost all homes nearby

Year built2015
OlderTypical 1995Newer

Newer than 79% of homes nearby

How 408 E Hargett St ranks against every home in each area.
MeasureThis homeCentral RaleighRaleigh 27601Wake County
Living areabigger than169,951 ft²almost all homesalmost all homesalmost all homes
Lot sizebigger than2.06 acalmost all homesalmost all homes97% of homes
Year builtnewer than201575% of homes79% of homes78% of homes

About 408 E Hargett St

When did 408 E Hargett St, Raleigh, NC last sell?

408 E Hargett St, Raleigh, NC last sold on Jul 30, 2020 for $48,750,000, according to the county's recorded deed.

How big is 408 E Hargett St, Raleigh, NC?

408 E Hargett St, Raleigh, NC has 2 bathrooms, 169,951 square feet of living space and a 2.06-acre lot.

When was 408 E Hargett St, Raleigh, NC built?

408 E Hargett St, Raleigh, NC was built in 2015, making it 11 years old. It is a conventional home. The building has 4 stories.

What schools serve 408 E Hargett St, Raleigh, NC?

408 E Hargett St, Raleigh, NC is assigned to Moore Square Magnet Middle School (middle), rated B-; Broughton Magnet High School (high), rated A-; Root Elementary School (elementary), rated B+. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 408 E Hargett St, Raleigh, NC compare to other homes in Raleigh 27601?

Among the 2,654 homes in Raleigh 27601, it is bigger than almost all of them (169,951 ft² against a typical 1,408 ft²), its lot is bigger than almost all of them (2.06 ac against a typical 0.12 ac) and it is newer than 79% of them (2015 against a typical 1995). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 408 E Hargett St, Raleigh, NC?

The 2025 property tax bill for 408 E Hargett St, Raleigh, NC was $579,130. The county assessed it at $61,126,503.

Closest homes

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Assigned schools

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