See Home Value
$310,000
● House - Off Market

1016 Penncross Drive

Raleigh, NC 27610
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,749 Ft²
$1,921
Est. Monthly
$172
HOA / Fees

About This Property

This Raleigh home offers a clean, move-in ready layout that prioritizes space and natural light. The vaulted living room serves as the central anchor, featuring a gas fireplace with a marble surround that gives the space an intentional, polished feel.

The kitchen has been updated with butcher block countertops and connects directly to the dining area, where sliding glass doors lead to the private outdoor space. The main-level primary suite includes vaulted ceilings and a walk-in closet, while two additional main-floor bedrooms and a fourth bedroom upstairs provide rare flexibility for guest space or a home office.

Outside, the large fenced backyard and patio offer a private setting that is difficult to find at this price point. The attached two-car garage provides essential storage and parking, adding to the home's effortless utility. Located with quick access to the beltline and I-64, this property removes the friction from a daily commute while keeping you connected to downtown Raleigh's shops and dining. If you've been waiting for a turnkey property that lets you move right in and get on with life, this is the one.
Unit Size
1,749 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$177
Property Type
House
Property Taxes
$227
HOA Dues
$172
Year Built
2002

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Last updated: 3 months ago (TMLS #10165371)

Price History

Date / Event Date Event Price
Aug 3, 2026 Sold
Sold
Jun 28, 2026 In contract -
In contract
May 27, 2026 Price Decreased $310,000
↓ $10K (3.1%)
Price Decreased
May 6, 2026 Listed by Kennedy Real Estate Group LLC $320,000
Listed by Kennedy Real Estate Group LLC
Jan 15, 2010 Sold
Sold
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,402
  • Building Area: 1,402
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,402
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMER PLACE
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LT171 SUMMER PLACE P1 1277-1280 BM2001-

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054106

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0292518
  • District: 17
  • Parcel: 1734.04-52-3253 0292518
  • Lot: 171
  • Municipality: ST MATTHEW'S
  • Latitude: 35.7885
  • Longitude: -78.5436

    Address

  • Full Address: 1016 Penncross Dr
  • Address - House Number: 1016
  • Address - Street Name: Penncross
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C020
  • 4-Digit Zip Code: 5783
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $198,732

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 347,376
  • High Value: 395,076
  • Low Value: 299,677

    Market Valuation

  • Market Total Value: $194,304
  • Market Land Value: $35,000
  • Market Improvement Value: $159,304

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $194,304
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $159,304

    Sales

  • Current Sale Contract Date: Jan 15, 2010
  • Current Sale Recording Date: Jan 15, 2010
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 26, 2002
  • Previous Sale Contract Date: Jun 26, 2002
  • Previous Sale Amount: $146,500
  • 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 Southeast Raleigh


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Frequently Asked Questions

When was property at 1016 Penncross Drive built and last sold?
The property at 1016 Penncross Drive was built in 2002 and last sold on Jan 15, 2010 for $165,000.
How much is this home worth?
The estimated value of the home located at 1016 Penncross Drive is $313,601.
What are some comparable homes to 1016 Penncross Drive?
There are currently no comparable homes to 1016 Penncross Drive.