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602 Velma Hopkins Ln, Raleigh, NC, 27603

3beds
3baths
2,182sqft
$875,000
$401price/sqft
$5,540/moest. monthly cost
$221,600/yrincome needed

About This Home

Modern Luxury with Skyline Views in the Heart of Raleigh Experience elevated urban living in this stunning 3 story contemporary residence, + and amazing Roof Top with Wet Bar, Covered Dining and SunDeck ideally positioned in one of Raleigh's most sought-after locations. Just one block from the NC Farmers Market, directly across from Trophy Brewing, and minutes from Dorothea Dix Park, this home offers the perfect blend of modern design, convenience, and breathtaking city skyline views. The striking façade sets the tone for the sophisticated interiors, where oversized windows flood the home with natural light and showcase the vibrant surroundings. The open-concept main living level features wide-plank hardwood floors, a sleek linear fireplace, designer lighting, and seamless flow between the living, dining, and kitchen spaces—perfect for both everyday living and entertaining. At the heart of the home, the chef's kitchen impresses with quartz countertops, a dramatic waterfall island, custom cabinetry, stainless steel appliances, and abundant storage. Thoughtfully curated finishes and clean architectural lines create a timeless modern aesthetic throughout. Retreat to the spacious primary suite, offering a serene escape with oversized windows, generous proportions, and spa-inspired comfort. Multiple levels provide flexibility for guest accommodations, home office space, or additional living areas, while the rooftop terrace delivers panoramic views of the Raleigh skyline—an unforgettable setting for morning coffee, sunset cocktails, or entertaining under the stars. Outside, enjoy low-maintenance living with stylish outdoor spaces, Artificial Turf inside exquisite Privacy Fence and immediate access to some of Raleigh's most beloved destinations. Whether you're strolling to the Farmers Market, grabbing a craft beer at Trophy, exploring Dix Park, or enjoying downtown Raleigh just minutes away, this location truly puts the best of the city at your doorstep. Sellers will consider selling the house furnished minus a few pieces. Electric Car Charger Plug already installed! We welcome you to 602 Velma Hopkins Lane

Getting Around

32
WalkingCar-Dependent
41
TransitSome Transit
59
BikeBikeable

Schools

8/10
7/10
Martin MiddleGrades 6-83.9 mi
7/10
Needham Broughton HighGrades 9-122.1 mi

Construction

Condition

  • Year built: 2022

Materials

  • Foundation: Other
  • Roof: Flat
  • Construction materials: Fiber Cement

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary, Modern, Transitional
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Bar Fridge,Built-In Gas Range,Built-In Range,Dishwasher,Disposal,Free-Standing Refrigerator,Gas Range,Microwave,Range,Range Hood,Refrigerator,Stainless Steel Appliance(s),Wine Cooler
  • Laundry features: Laundry Closet,Laundry Room

Bedrooms & Bathrooms

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

Features

  • Bar,Breakfast Bar,Built-in Features,Cathedral Ceiling(s),Ceiling Fan(s),Double Vanity,High Ceilings,Kitchen Island,Kitchen/Dining Room Combination,Living/Dining Room Combination,Nursery,Open Floorplan,Quartz Counters,Recessed Lighting,Smart Thermostat,Smooth Ceilings,Stone Counters,Walk-In Closet(s),Walk-In Shower,Water Closet,Wet Bar
  • Door features: ENERGY STAR Qualified Doors,Sliding Doors
  • Window features: Blinds
  • Flooring: Ceramic Tile,Hardwood,Wood
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Gas Log
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,182
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: None
  • Cooling features: Ceiling Fan(s),Central Air,Dual,ENERGY STAR Qualified Equipment

Interior Area

  • Total structure area: 2,182
  • Total interior livable area: 2,182 sqft

Property

Details

  • Parcel number: 170317212973000 0443211
  • Zoning: PD
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Covered,Deck,Front Porch,Porch,Other,See Remarks
  • Exterior features: Awning(s),Balcony,Barbecue,Courtyard,Fenced Yard,Fire Pit,Gas Grill,Lighting,Outdoor Grill,Private Yard,Rain Gutters,Other
  • Fencing: Back Yard, Fenced, Gate, Privacy
  • Has view: Yes
  • View description: City,Neighborhood

Lot

  • Lot size: 1,742 sqft
  • Features: Back Yard,Front Yard,Landscaped,Level

Parking

  • Total spaces: 2
  • Parking features: Driveway,On Street,Private
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

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
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Inland Flooding
Heat Wave
Ice Storm
Tornado
Winter Weather

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 $4,424$53,088
Home Insurance *$301$3,612
Property Taxes $612$7,344
Electricity $203$2,438
Total$5,540$66,480
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$189,942/yr
40% on housing$166,200/yr
45% on housing$147,733/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

$401This listing

vs Other Active Listings

Avg $/sqft

ZIP 27603$217
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27603$212
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
2026-08-15Price change$825,000
2026-08-10Price change$849,000
2026-07-15Price change$875,000
2026-06-24Price change$885,000
2026-06-15Listed for sale$899,000
2022-06-29Sold$747,000

For Sale by Agent

AgentAllison Caudle
BrokerageSouthern Lux Living

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