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$980,000
↓ $5K (0.5%)
● House - For Sale

1012 Addison Place

Raleigh, NC 27610
bedrooms
5 Beds
bathrooms
4 Baths
square feet
2,692 Ft²
$4,812
Est. Monthly

About This Property

Welcome to Oakway, where life is not only lived but artfully arranged. Here, a curated collection of single-family residences rises just minutes from the heart of Downtown Raleigh, yet feels worlds away. Each home is a posh, private retreat-exuding elegance, celebrating scale and setting the stage for inspired DTR living. Brought to market by local experts and delivered by esteemed local builders, Oakway offers homeowners unmatched urban proximity and unparalleled peace of mind.  Step inside and let light lead the way. Open-concept layouts stretch beyond 2,700 square feet, blending grandeur and grace. At the heart of every home, a chef's kitchen hums along, allowing an oversized island, refined fixtures and seamless connection to expansive dining and living spaces to handle a crowd. Walls of windows invite sunlight to stretch across wide rooms, while fireplaces anchor evenings with quiet luxury. Every suite is a sanctuary, offering privacy and potential in equal measure, whether for family, guests, or your own serene escape.  Beyond the interiors, outdoor living unfolds in a rare fashion for DTR. Screened-in porches are poised for alfresco dinners, and large, fenced-in backyards promise ample private green space to stretch your legs and your imagination. Commuter-friendly garages and driveways add ease, while elevated touches like bidets, bespoke built-ins, and modern fixtures remind you that no detail has been overlooked.  This Downtown Raleigh home collection doubles down on its delivery, hosting both single-family hideaways and designer, duet-style townhomes in perfect harmony. Elevated elegance comes with easy access to one of NC's fastest-growing metro areas; a combo as rare as it is refreshing.   Here, the name becomes a promise and an invitation. Steps from Raleigh's celebrated dining, shopping, and cultural scene yet set apart in a quiet cul-de-sac community, Oakway delivers a lifestyle you'll never run out of reasons to love. From eateries scattered through Seaboard Station and Smoky Hollow to quintessential Oak City charm in nearby Historic Oakwood and Mordecai, DTR's newest neighborhood offers a way of living defined by luxury yet softened by leisurely ease.  There are many ways to live in Downtown Raleigh. But only one Oakway. Tour move-in-ready homes today. Contains virtually generated twilight images.
Unit Size
2,692 Ft²
Days on Market
402 days
Land Size
0.12 acres
Price per sqft
$364
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1973

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Last updated: 2 months ago (TMLS #10122984)

Price History

Date / Event Date Event Price
Jul 17, 2026 Price Decreased $980,000
↓ $5K (0.5%)
Price Decreased
Jul 10, 2026 Price Decreased $985,000
↓ $5K (0.5%)
Price Decreased
Jul 3, 2026 Price Decreased $990,000
↓ $5K (0.5%)
Price Decreased
Dec 9, 2025 Price Decreased $995,000
↓ $5K (0.5%)
Price Decreased
Sep 19, 2025 Listed by Compass -- Raleigh $1,000,000
Listed by Compass -- Raleigh
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Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: Concrete, Driveway
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: Built-in Features, Ceiling Fan(s), Double Vanity, Entrance Foyer, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Bathtub/Shower Combination, Quartz Counters, Shower Only, Smooth Ceilings, Walk-In Shower, Water Closet
Appliances: Dishwasher, Free-Standing Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance(s), Tankless Water Heater
Flooring Type: Hardwood, Tile
Door Features: Sliding Doors
Laundry Features: Electric Dryer Hookup, Laundry Room, Sink, Upper Level, Washer Hookup
Rooms: 12
Has Fireplace
Fireplace Features: Gas, Living Room
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Square Footage: 2692
Security Features: Smoke Detector(s)
Property Condition: New Construction
Architectural Style: Craftsman, Transitional
Year Built: 2025
Building Area Total: 2692
Levels: Two
Construction Materials: Fiber Cement
Patio and Porch Features: Porch, Screened
Lot Features: Back Yard, Cleared, Front Yard, Landscaped
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5227.2
Lot Size Dimensions: 52x121x38x119
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Fireplace(s), Forced Air
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 350
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 2,400
  • Building Area: 2,400
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,400
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLASCOCK ST DUPLEX SUB
  • Land Acres: 0000000270
  • Standard Land Use Code: 1101
  • County Land Use Code: 02
  • Legal Description 1: LO9 GLASCOCK ST DUPLEX SUB

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050500

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0086307
  • District: 01
  • Parcel: 1714.14-44-4114 0086307
  • Lot: 9
  • Municipality: RALEIGH
  • Latitude: 35.794
  • Longitude: -78.6142

    Address

  • Full Address: 1012 Addison Pl
  • Address - House Number: 1012
  • Address - Street Name: Addison
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C023
  • 4-Digit Zip Code: 1640
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $291,199

    Appraisal Valuation

  • Standard Deviation: 0.1859
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 75
  • Final Value: 591,488
  • High Value: 701,482
  • Low Value: 481,495

    Market Valuation

  • Market Total Value: $283,653
  • Market Land Value: $115,000
  • Market Improvement Value: $168,653

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $283,653
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $168,653

    Sales

  • Current Sale Contract Date: Sep 22, 2022
  • Current Sale Recording Date: Sep 27, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Aug 14, 2015
  • Previous Sale Contract Date: Aug 12, 2015
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Raleigh


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Frequently Asked Questions

When was property at 1012 Addison Place built and last sold?
The property at 1012 Addison Place was built in 1973 and last sold on Sep 22, 2022 for $410,000.
How much is this home worth?
The estimated value of the home located at 1012 Addison Place is $989,800.
What are some comparable homes to 1012 Addison Place?
There are currently no comparable homes to 1012 Addison Place.