When was property at 308 New Rail Drive built and last sold?

The property at 308 New Rail Drive was built in 1994 and last sold on Jan 11, 2000 for $170,000.

How much is this home worth?

The estimated value of the home located at 308 New Rail Drive is $0.

What are some comparable homes to 308 New Rail Drive?

There are currently no comparable homes to 308 New Rail Drive.

Cary

27513

Silver Oaks

308 New Rail Drive

$490,000

● House - Off Market

308 New Rail Drive

Cary, NC 27513

3 Beds

2 Baths, 1 Half Bath

2,408 Ft²

$2,828

Est. Monthly

$105

HOA / Fees

About This Property

Situated on a cul-de-sac corner lot, this well-designed 3-bedroom home offers over 2,400 sq ft with a functional layout and flexible living spaces. The main level features a spacious primary suite with walk-in closet and private bath, along with a bright kitchen that opens to the family room--ideal for everyday living and entertaining. Formal living and dining rooms provide additional space for hosting or a home office.

Upstairs includes two generously sized bedrooms, a full bath, and a large bonus room perfect for a playroom, media room, or gym.

Enjoy the screened porch overlooking the backyard--perfect for relaxing year-round. Convenient main-floor laundry and ample storage throughout.

Located in a community with pool, playground, tennis courts, and sidewalks, offering both comfort and convenience.

Unit Size

2,408 Ft²

Days on Market

Land Size

0.29 acres

Price per sqft

$201

Property Type

House

Property Taxes

$341

HOA Dues

$105

Year Built

1994

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Last updated: 6 months ago (TMLS #10159849)

Price History

Date / Event	Date	Event
May 14, 2026	Sold	Premium
Sold
Apr 17, 2026	In contract	-
In contract
Apr 14, 2026	Listed by Keller Williams Elite Realty	$485,000
Listed by Keller Williams Elite Realty
Feb 18, 2000	Sold	Premium
Sold

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1994

Effective Year Built: 1994
Total Rooms: 7
Bedroom Count: 0
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Building Condition: 6
Building Quality: 0
Construction Type: 6
Building Style: 15
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 0
Floor Count: 150
Living Units: 1
Floor Cover: 0
Basement Type: 5
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 12,632

Total Building Area: 1,707
Building Area: 1,707
Building Area Measurement: E

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 3
Heated Square Feet: 1,707
Heating Fuel Type: 3

Utilities

Sewer System: 5

Water Service: 6

Building

Building Type: 0

Property Class: R
Land Acres: 0000000290
Standard Land Use Code: 1001
County Land Use Code: 01
Legal Description 1: LO88 SILVER OAKS PHII SEA BM1993-477

Neighborhood

School District Name: Wake County Schools

Census Tract: 053522

Zoning

Zoning: R8P

Geography

Account Number: 0197725

District: 04
Subdivision Phase Number: 2
Parcel: 0754.08-99-3844 0197725
Lot: 88
Municipality: CARY
Latitude: 35.8101
Longitude: -78.7998

Address

Full Address: 308 New Rail Dr

Address - House Number: 308
Address - Street Name: New Rail
Address - Suffix Type: Dr
State: NC
City Name: Cary
Carrier Code: R002
4-Digit Zip Code: 2724
Zip Code: 27513

Valuation

Tax

Tax Year: 2022

Tax Amount: $294,411

Appraisal Valuation

Standard Deviation: 0.1237

Valuation Date: Aug 31, 2022
Confidence Score: 86
Final Value: 496,652
High Value: 558,127
Low Value: 435,176

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

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First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Financing Type:

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First Open Lien Mortgage Term:

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First Open Lien Mortgage Loan Type:

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First Open Lien Mortgage Loan Due Date:

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Market Valuation

Market Total Value: $303,173

Market Land Value: $113,000
Market Improvement Value: $190,173

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $303,173
Assessed Land Value: $113,000
Assessed Improvements Value: $190,173

Sales

Current Sale Contract Date: Jan 11, 2000

Current Sale Recording Date: Feb 18, 2000
Current Sale Price:

Premium
Current Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

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First Mortgage Loan Type:

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First Mortgage Loan Due Date:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Silver Oaks

Stats & Trends

Median Asking:

$607,000

Sale Price/ft²

$244

Below Asking

0.02%

Average Days on Market

Average Home Size

2499 ft²

Average Home Age

31.9 years

Currently For Sale

0 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 200 Hunter Street, Cary, NC, 27511

$3,700 /mo

2 Beds
1 Bath
708 ft²

200 Hunter Street, Cary, NC, 27511 Listing by Vincent Thai

Unit for rent at 100 Drywood Place, Cary, NC, 27513

$2,150 /mo

3 Beds
2 Baths
1,901 ft²

100 Drywood Place, Cary, NC, 27513 Listing by Dameion Tarique Moore

Unit for rent at 421 Madison Avenue, Cary, NC, 27513

$2,175 /mo

4 Beds
3 Baths
2,020 ft²

421 Madison Avenue, Cary, NC, 27513 Listing by Vincent Thai

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Matt Perry, Keller Williams Elite Realty
Last Updated: 6 months ago
Data Source: TMLS, MLS# 10159849

Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

308 New Rail Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Silver Oaks

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions