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2504 Pennyshire Ln, Raleigh, NC, 27606

4beds
3baths
2,875sqft
$690,000
$240price/sqft
$4,324/moest. monthly cost
$172,960/yrincome needed

About This Home

Welcome to 2504 Pennyshire Lane in Raleigh. A beautiful and spacious four-bedroom, two-and-a-half-bath home situated on approximately 0.92 acres. This property offers the perfect combination of comfort, privacy, and convenience. Located in a desirable neighborhood with access to highly regarded schools, this home provides plenty of space both inside and out. The large lot offers room for outdoor living, entertaining, gardening, or simply enjoying the peaceful surroundings. With generous living areas, multiple bedrooms for family or guests, and a setting that blends suburban comfort with Raleigh's growing amenities, this home is an excellent opportunity for buyers looking for space and value. The home also offers a water softener system, new windows and freshly resurfaced wood floor on main level.

Getting Around

11
WalkingCar-Dependent
0
TransitNo Nearby Transit
24
BikeSomewhat Bikeable

Schools

7/10
Swift Creek ElementaryGrades K-52.8 mi
7/10
Dillard Drive MiddleGrades 6-83.5 mi
8/10
Athens Drive HighGrades 9-124.9 mi

Construction

Condition

  • Year built: 1998

Materials

  • Roof: Shingle
  • Construction materials: Fiber Cement

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Gas Range,Free-Standing Refrigerator,Gas Water Heater,Microwave,Water Softener
  • Laundry features: Laundry Room,Main Level

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),Central Vacuum Prewired,Entrance Foyer,Granite Counters,High Ceilings,Kitchen/Dining Room Combination,Room Over Garage,Separate Shower,Shower Only,Smart Thermostat,Smooth Ceilings,Soaking Tub
  • Window features: Insulated Windows
  • Flooring: Carpet,Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Gas
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,875

Heating & Cooling

  • Heating features: Electric,Forced Air,Gas Pack,Heat Pump,Natural Gas,Zoned
  • Cooling features: Ceiling Fan(s),Central Air,Zoned

Interior Area

  • Total structure area: 2,875
  • Total interior livable area: 2,875 sqft

Property

Details

  • Parcel number: 0771.03220947.000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Deck,Enclosed,Patio,Porch,Screened
  • Has view: Yes

Lot

  • Lot size: 0.92 Acres
  • Features: Corner Lot,Hardwood Trees,Landscaped,Level

Parking

  • Total spaces: 2
  • Parking features: Concrete,Driveway,Garage,Garage Door Opener,Garage Faces Front
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered 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
    HailModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Hail
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 $3,489$41,868
Home Insurance *$202$2,424
Property Taxes $366$4,392
Electricity $267$3,213
Total$4,324$51,888
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$148,251/yr
40% on housing$129,720/yr
45% on housing$115,306/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

$240This listing

vs Other Active Listings

Avg $/sqft

ZIP 27606$184
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27606$260
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
2026-04-16Price change$690,000
2026-03-22Price change$725,000
2026-03-08Listed for sale$745,000
2020-08-07Sold$435,900
2020-07-02Pending sale$449,900
2020-06-04Listed for sale$449,900
2014-09-19Sold$305,000
2014-08-07Listed for sale$315,000
2010-05-30Listing removed$349,900
2010-04-17Price change$349,900
2009-11-29Listed for sale$389,900
2005-09-08Sold$345,000
2000-06-01Sold$267,500

For Sale by Agent

AgentDemetria Alvarez
BrokerageOne of a Kind

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