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1504 Fairbury Ln, Morrisville, NC, 27560

3beds
3baths
1,901sqft
$482,000
$254price/sqft
$3,103/moest. monthly cost
$124,120/yrincome needed

About This Home

Welcome to this almost new, beautifully maintained 3-bedroom, 2.5-bath home in the heart of Morrisville! Designed with comfort and modern living in mind, this move-in-ready home features a bright, open floor plan that is perfect for both everyday living and entertaining. The spacious kitchen is a chef's delight, offering stainless steel appliances, a gas cooktop, a new refrigerator and dishwasher, abundant cabinetry, and generous counter space, all overlooking the dining and living areas for effortless gatherings. The washer and dryer are also included for added convenience. Retreat to the spacious primary suite featuring dual vanities and garden tub providing comfort and functionality for your daily routine. Two additional bedrooms offer flexible space for family, guests, or a home office. Enjoy the privacy of the backyard—ideal for relaxing, grilling, or entertaining. The attached two-car garage offers plenty of room for vehicles and additional storage. Perfectly situated just minutes from the Morrisville Greenway, parks, top-rated schools, shopping, dining, and major commuter routes including I-40, I-540, and NC-54, this home provides easy access to Research Triangle Park, Raleigh-Durham International Airport, and all the conveniences of the Triangle. Don't miss this opportunity to own an almost new home in one of Morrisville's most desirable and convenient locations!

Getting Around

27
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

9/10
Cedar Fork ElementaryGrades PK-50.6 mi
10/10
West Cary Middle SchoolGrades 6-82.9 mi
10/10
Panther Creek HighGrades 9-123.2 mi

Construction

Condition

  • Year built: 2021

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2021

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Exhaust Fan,Free-Standing Gas Oven,Gas Cooktop,Microwave,Refrigerator,Stainless Steel Appliance(s),Washer/Dryer
  • Laundry features: Laundry Room,Upper Level

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer,Granite Counters,Kitchen Island,Kitchen/Dining Room Combination,Open Floorplan,Pantry,Recessed Lighting,Separate Shower,Soaking Tub,Walk-In Closet(s),Water Closet
  • Door features: Sliding Doors
  • Flooring: Carpet,Tile,Vinyl,Other,See Remarks
  • Finished area below ground: 0
  • Finished area above ground: 1,901

Heating & Cooling

  • Heating features: None
  • Cooling features: Ceiling Fan(s),Central Air,Electric,Exhaust Fan

Interior Area

  • Total structure area: 1,901
  • Total interior livable area: 1,901 sqft

Property

Details

  • Parcel number: 074512977398000 0468916
  • Zoning: TCR
  • Special condition: Standard

Features

  • Levels: Bi-Level
  • Stories: 2
  • Patio & porch: Porch
  • Exterior features: Private Yard
  • Has view: Yes

Lot

  • Lot size: 2,178 sqft
  • Features: Cul-De-Sac

Parking

  • Total spaces: 4
  • Parking features: Additional Parking,Garage,Garage Faces Front
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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

  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Heat Wave

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 $2,437$29,244
Home Insurance *$123$1,476
Property Taxes $343$4,116
Electricity $200$2,405
Total$3,103$37,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$106,388/yr
40% on housing$93,090/yr
45% on housing$82,746/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

$254This listing

vs Other Active Listings

Avg $/sqft

ZIP 27560$212
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27560$240
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
2026-07-16Price change$482,000
2026-06-26Listed for sale$495,000
2024-09-10Listing removed$1,995
2024-09-08Price change$1,995
2024-08-29Listed for rent$2,095
2021-05-03Sold$356,500

For Sale by Agent

AgentTheresa Lobdell
BrokerageESP Realty

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