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CondominiumResidential
$580,602$483 / 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 87How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $567,000 on May 25, 2022

8831 CYPRESS LAKES DR UNIT 408

RALEIGH, NC 27615
Building report
2
Baths
1,203 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.
2021
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$581K
$506K low$655K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$567,000 · May 25, 2022

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,819 (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.$664,944 (2025)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$664,944
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$664,944
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$664,944

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.Condo/Apartment
CountyWake
ConstructionThe main material the home's frame and walls are built from.Frame (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

Transaction History(1)

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
Lead Mine Elementary SchoolB-
Elementary · Grades PK–5 · 0.6 mi
H
Sanderson High SchoolB-
High · Grades 9–12 · 2.8 mi
M
Carroll Magnet Middle SchoolC+
Middle · Grades 6–8 · 4.0 mi

District: Wake County Schools

Neighborhood · ZIP 27615These 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.72
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.86
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.41

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.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.38%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.0%
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.45,426
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,345 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$107,636
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$135,562
Average tempThe average temperature here across a full year.60°F
Annual precipHow much rain and melted snow falls here in a typical year.46 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

8831 Cypress Lakes Dr Unit 408 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 69% of homes in North Raleigh
  • Among the highest price per square foot in North Raleigh
  • Smaller than 92% of homes in Wake County
  • Among the newest homes in North Raleigh

What homes are worth in Raleigh 27615

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

This home
$212K$1.6M

This home is worth more than 59% of homes in Raleigh 27615.

How it measures up in Raleigh 27615

The dot is this home. The mark in the middle is the typical home in Raleigh 27615.

Estimated value$580,602
CheaperTypical $512,638Pricier

Pricier than 59% of homes nearby

Price per ft²$483
CheaperTypical $240Pricier

Pricier than almost all homes nearby

Living area1,203 ft²
SmallerTypical 2,184 ft²Bigger

Bigger than 9% of homes nearby

Year built2021
OlderTypical 1986Newer

Newer than 98% of homes nearby

How 8831 Cypress Lakes Dr Unit 408 ranks against every home in each area.
MeasureThis homeNorth RaleighRaleigh 27615Wake County
Estimated valuepricier than$580,60269% of homes59% of homes66% of homes
Price per ft²pricier than$483almost all homesalmost all homes98% of homes
Living areabigger than1,203 ft²9% of homes9% of homes8% of homes
Year builtnewer than2021almost all homes98% of homes90% of homes

About 8831 Cypress Lakes Dr Unit 408

How much is 8831 Cypress Lakes Dr Unit 408, Raleigh, NC worth?

The TopHap Estimate for 8831 Cypress Lakes Dr Unit 408, Raleigh, NC is $580,602 as of Sep 24, 2026. The likely range is $506,090 to $655,114. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 8831 Cypress Lakes Dr Unit 408, Raleigh, NC last sell?

8831 Cypress Lakes Dr Unit 408, Raleigh, NC last sold on May 25, 2022 for $567,000, according to the county's recorded deed.

How big is 8831 Cypress Lakes Dr Unit 408, Raleigh, NC?

8831 Cypress Lakes Dr Unit 408, Raleigh, NC has 2 bathrooms and 1,203 square feet of living space.

When was 8831 Cypress Lakes Dr Unit 408, Raleigh, NC built?

8831 Cypress Lakes Dr Unit 408, Raleigh, NC was built in 2021, making it 5 years old. It is a condo/apartment home. The building has 1 story.

What schools serve 8831 Cypress Lakes Dr Unit 408, Raleigh, NC?

8831 Cypress Lakes Dr Unit 408, Raleigh, NC is assigned to Lead Mine Elementary School (elementary), rated B-; Sanderson High School (high), rated B-; Carroll Magnet Middle School (middle), rated C+. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 8831 Cypress Lakes Dr Unit 408, Raleigh, NC compare to other homes in Raleigh 27615?

Among the 15,140 homes in Raleigh 27615, it is worth more than 59% of them ($580,602 against a typical $512,638), its price per square foot is higher than almost all of them ($483 against a typical $240), it is bigger than 9% of them (1,203 ft² against a typical 2,184 ft²) and it is newer than 98% of them (2021 against a typical 1986). Measured against all of Wake County, it is worth more than 66% 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 8831 Cypress Lakes Dr Unit 408, Raleigh, NC?

The 2025 property tax bill for 8831 Cypress Lakes Dr Unit 408, Raleigh, NC was $5,819. The county assessed it at $664,944.

More homes on Cypress Lakes Dr Unit 408

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Assigned schools

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