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Single Family ResidenceResidential
$740,526$661 / 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 83How 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 $69,000 on Mar 9, 1994

508 E CABARRUS ST

RALEIGH, NC 27601
1
Baths
1,120 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.
0.12 ac
Lot SizeThe size of the land the home sits on, from county records.
1992
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

$741K
$618K low$863K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$69,000 · Mar 9, 1994
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.$571,525
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$457,220
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.$169,000
TOWNE BANK MORTGAGE · R · recorded Feb 20, 2013
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.$1
HUD

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,060 (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.$467,949 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$300,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$167,949
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$467,949
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$467,949

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.23
59
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
11
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.23 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.Conventional
CountyWake
Lot (acres)The size of the land the home sits on, from county records.0.12
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 · 20 ft²Porch · 168 ft²

Foreclosure Filings(3)

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

M
Ligon Magnet Middle SchoolB+
Middle · Grades 6–8 · 0.3 mi
E
Hunter Magnet Elementary SchoolA-
Elementary · Grades PK–5 · 0.5 mi
H
Broughton Magnet High SchoolA-
High · Grades 9–12 · 1.6 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.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 E Cabarrus 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 92% of homes in South Central Raleigh
  • Among the highest price per square foot in Wake County
  • Smaller than 94% of homes in Wake County
  • Has a smaller lot than 79% of homes in Wake County
  • Older than 68% of homes in Wake County

What homes are worth in Raleigh 27601

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

This home
$222K$1.4M

This home is worth more than 82% 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.

Estimated value$740,526
CheaperTypical $494,834Pricier

Pricier than 82% of homes nearby

Price per ft²$661
CheaperTypical $371Pricier

Pricier than 98% of homes nearby

Living area1,120 ft²
SmallerTypical 1,408 ft²Bigger

Bigger than 24% of homes nearby

Lot size0.12 ac
SmallerTypical 0.12 acBigger

Bigger than 43% of homes nearby

Year built1992
OlderTypical 1995Newer

Newer than 49% of homes nearby

How 508 E Cabarrus St ranks against every home in each area.
MeasureThis homeSouth Central RaleighRaleigh 27601Wake County
Estimated valuepricier than$740,52692% of homes82% of homes80% of homes
Price per ft²pricier than$661almost all homes98% of homesalmost all homes
Living areabigger than1,120 ft²31% of homes24% of homes6% of homes
Lot sizebigger than0.12 ac29% of homes43% of homes21% of homes
Year builtnewer than199262% of homes49% of homes32% of homes

About 508 E Cabarrus St

How much is 508 E Cabarrus St, Raleigh, NC worth?

The TopHap Estimate for 508 E Cabarrus St, Raleigh, NC is $740,526 as of Jul 14, 2026. The likely range is $617,645 to $863,407. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 508 E Cabarrus St, Raleigh, NC last sell?

508 E Cabarrus St, Raleigh, NC last sold on Mar 9, 1994 for $69,000, according to the county's recorded deed.

How big is 508 E Cabarrus St, Raleigh, NC?

508 E Cabarrus St, Raleigh, NC has 1 bathrooms, 1,120 square feet of living space and a 0.12-acre lot.

When was 508 E Cabarrus St, Raleigh, NC built?

508 E Cabarrus St, Raleigh, NC was built in 1992, making it 34 years old. It is a conventional home. The building has 1 story.

What schools serve 508 E Cabarrus St, Raleigh, NC?

508 E Cabarrus St, Raleigh, NC is assigned to Ligon Magnet Middle School (middle), rated B+; Hunter Magnet Elementary School (elementary), 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 508 E Cabarrus St, Raleigh, NC compare to other homes in Raleigh 27601?

Among the 2,654 homes in Raleigh 27601, it is worth more than 82% of them ($740,526 against a typical $494,834), its price per square foot is higher than 98% of them ($661 against a typical $371), it is bigger than 24% of them (1,120 ft² against a typical 1,408 ft²), its lot is bigger than 43% of them (0.12 ac against a typical 0.12 ac) and it is newer than 49% of them (1992 against a typical 1995). Measured against all of Wake County, it is worth more than 80% 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 E Cabarrus St, Raleigh, NC?

The 2025 property tax bill for 508 E Cabarrus St, Raleigh, NC was $2,060. The county assessed it at $467,949.

Closest homes

More homes in Raleigh 27601

Assigned schools

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