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Multi-Family Dwellings (Generic, Any Combination)Residential
Last sold for $498,000 on Feb 24, 2012

508 PHELPS AVE

RALEIGH, NC 27607
3.5
Baths
4,801 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.
0.63 ac
Lot SizeThe size of the land the home sits on, from county records.
1949
Year BuiltThe year the home was originally built, according to county records.
1
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.$498,000 · Feb 24, 2012

Tax & Assessment

Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$808,471 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$600,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$208,471
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$808,471

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.22
52
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.15 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.Multi-Family Dwellings (Generic, Any Combination)
StyleThe architectural style of the home, such as ranch or colonial.Conventional
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.1980
Lot (acres)The size of the land the home sits on, from county records.0.63
ConstructionThe main material the home's frame and walls are built from.Brick
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Partial
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 · 76 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
Olds Elementary SchoolB-
Elementary · Grades PK–5 · 0.4 mi
H
Broughton Magnet High SchoolA-
High · Grades 9–12 · 0.9 mi
M
Martin Magnet Middle SchoolB
Middle · Grades 6–8 · 1.6 mi

District: Wake County Schools

Neighborhood · ZIP 27607These 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.123
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.87
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.40

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.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.41%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.9.4%
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.28,346
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,189 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$92,482
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$122,684
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%

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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 Phelps Ave 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.

  • Bigger than 98% of homes in Wake County
  • Has a bigger lot than 95% of homes in Wade
  • Older than 97% of homes in Wake County

How it measures up in Raleigh 27607

The dot is this home. The mark in the middle is the typical home in Raleigh 27607.

Living area4,801 ft²
SmallerTypical 2,208 ft²Bigger

Bigger than 95% of homes nearby

Lot size0.63 ac
SmallerTypical 0.3 acBigger

Bigger than 91% of homes nearby

Year built1949
OlderTypical 1973Newer

Newer than 17% of homes nearby

How 508 Phelps Ave ranks against every home in each area.
MeasureThis homeWadeRaleigh 27607Wake County
Living areabigger than4,801 ft²93% of homes95% of homes98% of homes
Lot sizebigger than0.63 ac95% of homes91% of homes82% of homes
Year builtnewer than194936% of homes17% of homes3% of homes

About 508 Phelps Ave

When did 508 Phelps Ave, Raleigh, NC last sell?

508 Phelps Ave, Raleigh, NC last sold on Feb 24, 2012 for $498,000, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 508 Phelps Ave, Raleigh, NC?

508 Phelps Ave, Raleigh, NC has 3.5 bathrooms, 4,801 square feet of living space and a 0.63-acre lot.

When was 508 Phelps Ave, Raleigh, NC built?

508 Phelps Ave, Raleigh, NC was built in 1949, making it 77 years old. It is a conventional home. The building has 1 story.

What schools serve 508 Phelps Ave, Raleigh, NC?

508 Phelps Ave, Raleigh, NC is assigned to Olds Elementary School (elementary), rated B-; Broughton Magnet High School (high), rated A-; Martin 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 Phelps Ave, Raleigh, NC compare to other homes in Raleigh 27607?

Among the 5,580 homes in Raleigh 27607, it is bigger than 95% of them (4,801 ft² against a typical 2,208 ft²), its lot is bigger than 91% of them (0.63 ac against a typical 0.3 ac) and it is newer than 17% of them (1949 against a typical 1973). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

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