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$400,000
● House - For Sale

2602 Wade Avenue

Raleigh, NC 27607
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,251 Ft²
$2,361
Est. Monthly

About This Property

A rare opportunity to own a charming brick ranch in the highly desirable Wade Avenue area! Whether you're looking to renovate, expand, or build your dream home, this property offers exceptional potential on an expansive nearly half-acre lot. This 3-bedroom, 1.5-bath home features hardwood floors throughout most of the main level, a spacious family room with a cozy wood-burning fireplace, and a full basement ready to be transformed into additional living space, a workshop, home gym, or recreation area. Numerous recent improvements provide added value and peace of mind, including: New electrical breaker box (2025) HVAC air handler and condenser (2018) Electric range (2022) Expansion tank for water heater (2022) Plumbing pressure relief valve (2022) Front windows (2021) Gutters (2021) Storm door (2022) Thermostat (2022) PVC plumbing piping (2022) Ideally located near Jaycee Park, shopping, dining, and major commuter routes, this property combines a premier location with endless possibilities. Renovate the existing home or create the custom home you've always envisioned in one of the area's most sought-after neighborhoods.
Unit Size
1,251 Ft²
Days on Market
17 days
Land Size
0.41 acres
Price per sqft
$320
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1957

Listed By

Karen Machikas
TME Premier Properties, LLC
Alex Machikas
TME Premier Properties, LLC

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Last updated: 17 days ago (TMLS #10178797)

Price History

Date / Event Date Event Price
Oct 9, 2026 Relisted $450,000
Relisted
Oct 9, 2026 Price Decreased $400,000
↓ $50K (11.1%)
Price Decreased
Sep 27, 2026 In contract -
In contract
Aug 20, 2026 Price Decreased $450,000
↓ $45K (9.1%)
Price Decreased
Aug 20, 2026 Relisted $495,000
Relisted
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Property Highlights

Air Conditioning
Fireplace
Parking Details
Has Open Parking
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Ceiling Fan(s), Laminate Counters, Smooth Ceilings
Appliances: Free-Standing Electric Range, Gas Water Heater, Refrigerator, Washer/Dryer
Flooring Type: Carpet, Hardwood, Linoleum, Tile, Vinyl
Laundry Features: Electric Dryer Hookup, In Basement, Inside
Rooms: 7
Has Fireplace
Fireplace Features: Family Room, Wood Burning
Fireplaces: 1
Basement: Unfinished
Exterior Details
Square Footage: 1251
Security Features: Smoke Detector(s)
Architectural Style: Ranch
Year Built: 1957
Building Area Total: 1251
Levels: One, Two
Construction Materials: Brick
Patio and Porch Features: Covered, Front Porch, Porch, Rear Porch
Lot Features: Back Yard, Front Yard, Hardwood Trees
Lot Size Area: 0.41
Lot Size Units: Acres
Lot Size Acres: 0.41
Lot Size Square Feet: 17860
Water Source: Public
Financial Details
Tax Map Number: 5-6
Tax Assessed Value: $542,673
Tax Annual Amount: $4,753
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,860
  • Total Building Area: 1,308
  • Building Area: 1,308
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,308
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RW WINSTON PROP
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: PT LTS 5-6 R W WINSTON PROP

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051400

Zoning

  • Zoning: R-4

Geography

  • Account Number: 0041196
  • District: 01
  • Parcel: 0794.12-86-7595 0041196
  • Lot: 5,6
  • Municipality: RALEIGH
  • Latitude: 35.8007
  • Longitude: -78.6668

    Address

  • Full Address: 2602 Wade Ave
  • Address - House Number: 2602
  • Address - Street Name: Wade
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C006
  • 4-Digit Zip Code: 4116
  • Zip Code: 27607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $321,242

    Appraisal Valuation

  • Standard Deviation: 0.1328
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 532,212
  • High Value: 602,902
  • Low Value: 461,521

    Market Valuation

  • Market Total Value: $315,301
  • Market Land Value: $240,000
  • Market Improvement Value: $75,301

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $315,301
  • Assessed Land Value: $240,000
  • Assessed Improvements Value: $75,301

    Sales

  • Current Sale Contract Date: May 30, 2018
  • Current Sale Recording Date: May 30, 2018
  • Current Sale Price:
  • Current 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 University


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Frequently Asked Questions

When was property at 2602 Wade Avenue built and last sold?
The property at 2602 Wade Avenue was built in 1957 and last sold on May 30, 2018 for $295,000.
How much is this home worth?
The estimated value of the home located at 2602 Wade Avenue is $403,214.
What are some comparable homes to 2602 Wade Avenue?
There are currently no comparable homes to 2602 Wade Avenue.