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5519 Wallace Martin Way, Raleigh, NC, 27616

3beds
3baths
2,109sqft
$369,900
$175price/sqft
$2,464/moest. monthly cost
$98,560/yrincome needed

About This Home

Modern, efficient and move-in ready end unit townhome built in 2019. Open main level with combination great room with a fireplace, dining area and kitchen with an island and granite countertops. The main level also has the primary bedroom and bathroom, and along the main hallway there is a half-bath and a laundry closet. The second floor has a spacious family room and two bedrooms and a full bathroom. The seller added a walk-in closet with shelving for additional storage space. The one car garage also has shelving added by the seller. The backyard has a privacy fence, an enlarged patio, and the seller installed AstroTurf to reduce maintenance saving $20/month on the mowing fee. Water heater is tankless. Riverbend Middle School around the corner, and the dog park about a block away. Also available is River Bend Park, Trails & Greenway, a Fitness Park, Clubhouse & Pool, a Community Farm & Pocket Parks. See documents section for additional details.

Getting Around

12
WalkingCar-Dependent
19
TransitMinimal Transit
33
BikeSomewhat Bikeable

Schools

4/10
River Bend ElementaryGrades PK-50.4 mi
2/10
River Bend MiddleGrades 6-80.1 mi
5/10
Rolesville High SchoolGrades 9-126.0 mi

Construction

Condition

  • Year built: 2019

Materials

  • Foundation: Concrete Perimeter,Slab
  • Roof: Composition, Shingle
  • Construction materials: Fiber Cement,Lap Siding

Other

  • Builder name: Chesapeake Homes

Type & Style

  • Home type: Townhouse
  • Architectural style: Transitional
  • Property subType: Townhouse,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Electric Range,Exhaust Fan,Tankless Water Heater,Vented Exhaust Fan,Washer
  • Laundry features: Electric Dryer Hookup,Laundry Closet

Bedrooms & Bathrooms

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

Features

  • Bathtub/Shower Combination,Ceiling Fan(s),High Ceilings,Kitchen Island,Recessed Lighting,Separate Shower,Storage,Walk-In Shower
  • Window features: Insulated Windows
  • Flooring: Carpet,Vinyl
  • Number of fireplaces: 1
  • Fireplace features: Fireplace Screen,Great Room,Prefabricated
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,109
  • Common walls with other units/homes: 1 Common Wall, End Unit, No One Above, No One Below

Heating & Cooling

  • Heating features: Central,Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 2,109
  • Total interior livable area: 2,109 sqft

Property

Details

  • Parcel number: 1736.02 88 5286
  • Attached to another structure: Yes
  • Zoning: PD
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: Swimming Pool Com/Fee,Community
  • Patio & porch: Front Porch,Patio
  • Exterior features: Fenced Yard,Private Yard,Rain Gutters
  • Fencing: Back Yard, Fenced, Gate, Privacy, Vinyl
  • Has view: Yes

Lot

  • Lot size: 2,613 sqft
  • Features: Back Yard

Parking

  • Total spaces: 2
  • Parking features: Alley Access,Attached,Detached,Driveway,Garage,Garage Door Opener,Off Street,On Street,Parking Pad
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • 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

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Hail
Heat Wave
Lightning
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 $1,870$22,440
Home Insurance *$135$1,620
Property Taxes $259$3,108
Electricity $200$2,405
Total$2,464$29,568
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$84,480/yr
40% on housing$73,920/yr
45% on housing$65,706/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

$175This listing

vs Other Active Listings

Avg $/sqft

ZIP 27616$160
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27616$194
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
2026-07-31Price change$369,900
2026-07-14Price change$379,000
2026-06-22Listed for sale$389,000
2021-04-09Sold$345,000
2020-11-06Listing removed$335,000
2020-10-13Price change$335,000
2020-10-12Listed for sale$310,900
2020-07-06Listing removed$310,900
2020-05-30Price change$310,900
2020-05-20Price change$310,000
2020-04-24Price change$315,000
2020-03-10Price change$317,000
2019-10-12Listed for sale$312,900

For Sale by Agent

AgentRobert Mulder
BrokerageUmstead Realty, LLC

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