Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$502,173$223 / 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 89How 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 $296,000 on Jul 21, 2017

508 BANKS ST

RALEIGH, NC 27604
3
Baths
2,254 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.
0.25 ac
Lot SizeThe size of the land the home sits on, from county records.
1958
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$502K
$446K low$558K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$296,000 · Jul 21, 2017
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.137%
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.$423,500
FIRST CITIZENS BANK & TRUST CO · recorded Jun 7, 2021
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.$254,700
FIRST CITIZENS BANK & TRUST CO

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,976 (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.$682,957 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$315,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$367,957
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$682,957
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$682,957

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.21
49
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
13
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.13 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.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
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.2008
Lot (acres)The size of the land the home sits on, from county records.0.25
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
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.Deck · 64 ft²Patio · 64 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.

E
Conn Magnet Elementary SchoolC
Elementary · Grades PK–5 · 0.7 mi
H
Enloe Magnet High SchoolB+
High · Grades 9–12 · 1.2 mi
M
Ligon Magnet Middle SchoolB+
Middle · Grades 6–8 · 2.2 mi

District: Wake County Schools

Neighborhood · ZIP 27604These 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.130
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.83
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.45

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.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.26%
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.1.0%
PopulationHow many people live in this area.53,411
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,450 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$79,226
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$98,429
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.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

508 Banks 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.

  • Worth more than 86% of homes in Raleigh 27604
  • Costs less per square foot than 76% of homes in East Raleigh
  • Bigger than 88% of homes in East Raleigh
  • Has a bigger lot than 70% of homes in Raleigh 27604
  • Older than 95% of homes in Wake County

What homes are worth in Raleigh 27604

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

This home
$164K$1.1M

This home is worth more than 86% of homes in Raleigh 27604.

How it measures up in Raleigh 27604

The dot is this home. The mark in the middle is the typical home in Raleigh 27604.

Estimated value$502,173
CheaperTypical $335,834Pricier

Pricier than 86% of homes nearby

Price per ft²$223
CheaperTypical $210Pricier

Pricier than 61% of homes nearby

Living area2,254 ft²
SmallerTypical 1,568 ft²Bigger

Bigger than 83% of homes nearby

Lot size0.25 ac
SmallerTypical 0.18 acBigger

Bigger than 70% of homes nearby

Year built1958
OlderTypical 1993Newer

Newer than 11% of homes nearby

How 508 Banks St ranks against every home in each area.
MeasureThis homeEast RaleighRaleigh 27604Wake County
Estimated valuepricier than$502,17380% of homes86% of homes54% of homes
Price per ft²pricier than$22324% of homes61% of homes44% of homes
Living areabigger than2,254 ft²88% of homes83% of homes56% of homes
Lot sizebigger than0.25 ac53% of homes70% of homes54% of homes
Year builtnewer than195847% of homes11% of homes5% of homes

About 508 Banks St

How much is 508 Banks St, Raleigh, NC worth?

The TopHap Estimate for 508 Banks St, Raleigh, NC is $502,173 as of Jul 14, 2026. The likely range is $446,388 to $557,958. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 508 Banks St, Raleigh, NC last sell?

508 Banks St, Raleigh, NC last sold on Jul 21, 2017 for $296,000, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 508 Banks St, Raleigh, NC?

508 Banks St, Raleigh, NC has 3 bathrooms, 2,254 square feet of living space and a 0.25-acre lot.

When was 508 Banks St, Raleigh, NC built?

508 Banks St, Raleigh, NC was built in 1958, making it 68 years old. It is a ranch home. The building has 1 story.

What schools serve 508 Banks St, Raleigh, NC?

508 Banks St, Raleigh, NC is assigned to Conn Magnet Elementary School (elementary), rated C; Enloe Magnet High School (high), rated B+; Ligon Magnet Middle School (middle), rated B+. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 508 Banks St, Raleigh, NC compare to other homes in Raleigh 27604?

Among the 14,678 homes in Raleigh 27604, it is worth more than 86% of them ($502,173 against a typical $335,834), its price per square foot is higher than 61% of them ($223 against a typical $210), it is bigger than 83% of them (2,254 ft² against a typical 1,568 ft²), its lot is bigger than 70% of them (0.25 ac against a typical 0.18 ac) and it is newer than 11% of them (1958 against a typical 1993). Measured against all of Wake County, it is worth more than 54% 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 508 Banks St, Raleigh, NC?

The 2025 property tax bill for 508 Banks St, Raleigh, NC was $5,976. The county assessed it at $682,957.

Closest homes

More homes in Raleigh 27604

Assigned schools

Explore the area

See this home in context

Open 508 Banks St on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map