516 W Peace St, Raleigh, NC, 27603
About This Home
Rich in character and full of timeless appeal, this well-maintained 1908 home offers a rare combination of historic charm and modern updates in a prime location. Featuring 10' ceilings, gleaming hardwood floors, a spacious foyer and central hallway, this inviting home also includes a generous living room, and a bright eat-in kitchen. Two bedrooms and one full bath complete the thoughtfully designed floor plan. Enjoy relaxing on the welcoming wraparound front porch or take advantage of the large rear parking area with convenient side alley access to a quiet neighborhood street. The home is in very good condition and has been updated with a new HVAC system and a newer hot water heater, providing peace of mind while preserving its classic character. Currently zoned NX-3 for Neighborhood Business, this versatile property offers exceptional flexibility. Continue to enjoy it as a charming residence or explore the many possibilities for a neighborhood business. A unique opportunity to own a property with historic charm, modern conveniences, and outstanding potential.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1908
Materials
- Foundation: Brick/Mortar
- Roof: Shingle
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Dishwasher,Free-Standing Electric Range,Free-Standing Refrigerator
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Entrance Foyer,High Ceilings,Kitchen Island,Shower Only
- Flooring: Ceramic Tile,Hardwood
- Number of fireplaces: 4
- Fireplace features: Decorative,See Remarks
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,708
Heating & Cooling
- Heating features: None
- Cooling features: Central Air,Electric,Gas
Interior Area
- Total structure area: 1,708
- Total interior livable area: 1,708 sqft
Property
Details
- Parcel number: 170418428282000 0074330
- Zoning: NX-3
- Special condition: Seller Licensed Real Estate Professional
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Porch,Wrap Around,See Remarks
- Exterior features: Smart Camera(s)/Recording
- Has view: Yes
Lot
- Lot size: 5,227 sqft
- Features: Front Yard
Parking
- Total spaces: 5
- Parking features: Alley Access,Open,Paved
- Has uncovered spaces: Yes
- Uncovered spaces: 5
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
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Wake County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,548 | $78,576 |
| Home Insurance * | $446 | $5,352 |
| Property Taxes | $929 | $11,148 |
| Electricity | $200 | $2,405 |
| Total | $8,123 | $97,476 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-01 | Listed for sale | $1,295,000 |
View on Zillow