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CondominiumResidential
Last sold for $651,500 on Jul 3, 2024

615 W PEACE ST

RALEIGH, NC 27605
0.32 ac
Lot SizeThe size of the land the home sits on, from county records.
2022
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 20224 floors31 units532–1,347 ft²
$7.3M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$456K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$449
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+52.3%vs the Raleigh ZIP median sale $/ft² ($295)

Sales Performance

$470K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-15.4%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
6.5%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
200720162019202420252026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
200720162019202420252026

16 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$264K$368K$473K$577K532 ft²674 ft²817 ft²959 ft²1,102 ft²1,244 ft²
Studio
Studio
31 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
Studio · 2 ba · 980 ft²
12 units
Studio · 3 ba · 1,244 ft²
5 units
Studio · 1 ba · 532 ft²
3 units
Studio · 2 ba · 974 ft²
2 units
Studio · 2 ba · 978 ft²
2 units
Studio · 2 ba · 1,114 ft²
2 units
Studio · 3 ba · 1,236 ft²
2 units
One-off layouts
3 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$264K–$264K
1 unit
$342K–$342K
1 unit
$383K–$415K
3 units
$425K–$452K
3 units
$460K–$475K
2 units
$519K–$533K
4 units
$549K–$577K
2 units

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 2
$451/ft²
Floor 3
$452/ft²
Floor 4
$438/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.52%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.33%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.2.4 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.23%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.47%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$462,970
Median tax billThe middle annual property tax bill among the building's units.$4,017
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 203Aug 11, 2026$465,000Unit 202Feb 18, 2026$475,000Unit 302Aug 12, 2025$480,000Unit 406Jul 21, 2025$615,000BuildingJul 18, 2025$556,500Unit 301Jul 11, 2025$554,000BuildingMay 16, 2025$900,000Unit 203Mar 28, 2025$490,000Unit 404Aug 30, 2024$650,000Unit 401Jul 15, 2024$670,500

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$96,777 (2024)
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$4,497,915

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.Condominium
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.0.32
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
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 · 90 ft²

Transaction History(22)

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.

H
Broughton Magnet High SchoolB+
High · Grades 9–12 · 0.3 mi
E
Wiley Magnet Elementary SchoolA-
Elementary · Grades PK–5 · 0.3 mi
M
Oberlin Magnet Middle SchoolA-
Middle · Grades 6–8 · 1.8 mi

District: Wake County Public Schools

Neighborhood · ZIP 27605These 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.164
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.82
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.43

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.40%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
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.6,700
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.6,403 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$72,647
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$108,979
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%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

615 W Peace St
1 ba · 24,598 ft²
$522K
615 W Peace St Apt 201
2 ba · 1,114 ft²
$549K
615 W Peace St # 202
2 ba · 978 ft²
$460K
615 W Peace St # 203
2 ba · 980 ft²
615 W Peace St Apt 203
2 ba · 980 ft²
615 W Peace St Apt 204
2 ba · 974 ft²
$383K
615 W Peace St # 205
1 ba · 532 ft²
$264K
615 W Peace St Apt 206
2 ba · 980 ft²
$393K
615 W Peace St # 207
2 ba · 980 ft²
615 W Peace St Apt 207
2 ba · 980 ft²
615 W Peace St # 208
2 ba · 980 ft²
615 W Peace St Apt 208
2 ba · 980 ft²
615 W Peace St Apt 301
2 ba · 1,114 ft²
$520K
615 W Peace St # 302
2 ba · 978 ft²
$452K
615 W Peace St Apt 303
2 ba · 980 ft²
$415K
615 W Peace St # 304
2 ba · 974 ft²
$475K
615 W Peace St Apt 305
1 ba · 532 ft²
615 W Peace St # 305
1 ba · 532 ft²
615 W Peace St Apt 306
2 ba · 980 ft²
615 W Peace St # 306
2 ba · 980 ft²
615 W Peace St Apt 307
2 ba · 980 ft²
$430K
615 W Peace St Apt 308
2 ba · 980 ft²
$425K
615 W Peace St # 401
3 ba · 1,347 ft²
615 W Peace St # 402
3 ba · 1,242 ft²
$525K
615 W Peace St # 403
3 ba · 1,244 ft²
615 W Peace St # 403
3 ba · 1,244 ft²
615 W Peace St # 404
3 ba · 1,236 ft²
615 W Peace St # 404
3 ba · 1,236 ft²
615 W Peace St # 405
2 ba · 744 ft²
$342K
615 W Peace St # 406
3 ba · 1,244 ft²
$577K
615 W Peace St # 407
3 ba · 1,244 ft²
$533K
615 W Peace St # 408
3 ba · 1,244 ft²
$519K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 615 W Peace St

How many units are in 615 W Peace St, Raleigh, NC?

615 W Peace St, Raleigh, NC has 31 residential units across 4 floors, built in 2022, according to county assessor records.

What is a unit at 615 W Peace St, Raleigh, NC worth?

The median TopHap Estimate across the 31 units at 615 W Peace St, Raleigh, NC is $456,075. That works out to $449 per square foot. Units run from 532 to 1,347 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 615 W Peace St, Raleigh, NC expensive for Raleigh?

Units at 615 W Peace St, Raleigh, NC carry a median of $449 per square foot, 52% above the Raleigh median of $295 per square foot.

How often do units sell at 615 W Peace St, Raleigh, NC?

2 units at 615 W Peace St, Raleigh, NC sold in the last 12 months, out of 16 recorded arms-length sales all time. That is a turnover rate of 6.5% of the building per year. The median sale over that period was $470K.

Have units at 615 W Peace St, Raleigh, NC appreciated?

Across 3 repeat sales of the same unit, 615 W Peace St, Raleigh, NC returned a median 0.9% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 4.7 years.

What floor plans does 615 W Peace St, Raleigh, NC have?

The most common plan at 615 W Peace St, Raleigh, NC is a 0-bedroom of 980 square feet, repeated 12 times, with a median estimate of $419,910. TopHap identifies 7 recurring plans in the building.

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