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317 W Morgan St APT 504, Raleigh, NC, 27601

3beds
3baths
2,217sqft
$809,000
$365price/sqft
$5,127/moest. monthly cost
$205,080/yrincome needed

About This Home

Rare for downtown: a condo at The Dawson that genuinely lives like a home. Top floor, soaring ceilings, treetop views of Nash Square, and a balcony off both the living room and primary suite — all the space and light you'd want, right in the heart of the city. The layout delivers too: two bedrooms with en-suite baths and walk-in closets, a flex room with French doors and a closet (office, guest room, whatever you need), a separate dining room, laundry room, and a half bath. It's move-in ready: fresh paint, new luxury vinyl plank floors, new bedroom carpet, and all-new stainless appliances. The kitchen has serious storage — plenty of cabinet space, a generous pantry, and enough counter space to actually cook. The primary suite bath has dual vanities, a soaking tub, and a separate shower. Two assigned parking spaces and a private storage unit round things out. And outside your door: the Warehouse District — walkable to restaurants, bars, coffee, Nash Square, Red Hat Amphitheater, and pretty much everything that makes Raleigh worth living in. For more info visit: https://www.cribflyer.com/317-w-morgan-stree

Getting Around

97
WalkingWalker's Paradise
75
TransitExcellent Transit
91
BikeBiker's Paradise

Schools

6/10
Wiley ElementaryGrades PK-50.6 mi
7/10
Oberlin Middle SchoolGrades 6-82.5 mi
7/10
Needham Broughton HighGrades 9-120.9 mi

Construction

Condition

  • Year built: 2005

Materials

  • Foundation: Other
  • Roof: Membrane
  • Construction materials: Cement Siding

Type & Style

  • Home type: Condo
  • Architectural style: Modern, Transitional
  • Property subType: Condominium,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Oven,Electric Range,Free-Standing Electric Range,Free-Standing Range,Free-Standing Refrigerator,Ice Maker,Microwave,Range,Range Hood,Refrigerator,Smart Appliance(s),Stainless Steel Appliance(s),Washer,Washer/Dryer
  • Laundry features: In Unit,Inside,Laundry Room,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Bar,Breakfast Bar,Ceiling Fan(s),Crown Molding,Double Vanity,Elevator,Granite Counters,High Speed Internet,Living/Dining Room Combination,Open Floorplan,Pantry,Recessed Lighting,Smart Thermostat,Soaking Tub,Stone Counters,Walk-In Closet(s),Walk-In Shower,Wet Bar
  • Flooring: Carpet,Vinyl,Tile,Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,217
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,217
  • Total interior livable area: 2,217 sqft

Property

Accessibility

  • Accessibility features: Level Flooring

Details

  • Parcel number: 170325585891048 0329085
  • Attached to another structure: Yes
  • Zoning: DX-12
  • Special condition: Trust

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Balcony,Storage
  • Has view: Yes
  • View description: City

Parking

  • Total spaces: 2
  • Parking features: Assigned,Community Structure,Covered,Deck
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Heat Wave
Inland Flooding
Tornado

FEMA Declared Disasters in Wake County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,090$49,080
Home Insurance *$203$2,436
Property Taxes $628$7,536
Electricity $206$2,477
Total$5,127$61,524
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$175,782/yr
40% on housing$153,810/yr
45% on housing$136,720/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 4.6%
4.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$365This listing

vs Other Active Listings

Avg $/sqft

ZIP 27601$265
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27601$378
Wake County$224

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-06Price change$789,000
2026-06-26Listed for sale$809,000
2005-04-04Sold$464,500

For Sale by Agent

AgentElizabeth Nguyen
BrokerageCompass -- Chapel Hill - Durham

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