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523 E Edenton St, Raleigh, NC, 27601

1beds
2baths
1,327sqft
$515,000
$388price/sqft
$3,304/moest. monthly cost
$132,160/yrincome needed

About This Home

SEE PRICE IMPROVEMENT!! Enjoy low-maintenance living just steps from Historic Oakwood and only a few blocks from the State Capitol, Person Street, restaurants, breweries, and everything downtown Raleigh has to offer. Originally built in 1920 completely gutted in 2005/6, expanded, and reimagined in 2009, this home blends historic charm with modern comfort. Inside, you'll find soaring ceilings, abundant natural light, and an open layout that create a bright and inviting space. The spacious primary bedroom, versatile loft, and two unfinished storage areas provide flexibility for guests, a home office, or additional storage. Enjoy the private deck with room for a fire pit and outdoor seating, plus a storage shed, small fenced garden area, concrete driveway, and gated front porch—all designed for easy, low-maintenance living. Recent improvements include a new roof (2026) and partial crawl space encapsulation (2024), offering added peace of mind. A rare opportunity to own a move-in-ready home in one of downtown Raleigh's most desirable locations.

Getting Around

88
WalkingVery Walkable
73
TransitExcellent Transit
91
BikeBiker's Paradise

Schools

5/10
Powell ElementaryGrades PK-51.8 mi
7/10
Ligon MiddleGrades 6-80.7 mi
7/10
Needham Broughton HighGrades 9-121.4 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Concrete,Concrete Perimeter
  • Roof: Asphalt, Shingle
  • Construction materials: Concrete,Fiber Cement

Notable Dates

  • Major remodel year: 2011

Type & Style

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

Interior

Appliances

  • Appliances included: Built-In Electric Range,Built-In Range,Dishwasher,Disposal,Dryer,Electric Range,Electric Water Heater,ENERGY STAR Qualified Appliances,ENERGY STAR Qualified Dryer,ENERGY STAR Qualified Washer,Free-Standing Refrigerator,Ice Maker,Plumbed For Ice Maker,Range,Range Hood,Refrigerator,Self Cleaning Oven,Stainless Steel Appliance(s),Vented Exhaust Fan,Washer,Washer/Dryer Stacked
  • Laundry features: Inside,Laundry Closet,Main Level

Bedrooms & Bathrooms

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

Features

  • Bookcases,Breakfast Bar,Cathedral Ceiling(s),Ceiling Fan(s),Crown Molding,Eat-in Kitchen,Granite Counters,High Ceilings,High Speed Internet,Kitchen Island,Kitchen/Dining Room Combination,Living/Dining Room Combination,Low Flow Plumbing Fixtures,Open Floorplan,Pantry,Master Downstairs,Recessed Lighting,Shower Only,Smart Thermostat,Smooth Ceilings,Stone Counters,Storage,Vaulted Ceiling(s),Walk-In Closet(s)
  • Window features: Insulated Windows
  • Flooring: Ceramic Tile,Hardwood,Tile,Wood
  • Finished area below ground: 0
  • Finished area above ground: 1,327
  • Common walls with other units/homes: No Common Walls, No One Above, No One Below

Heating & Cooling

  • Heating features: Electric,Forced Air,Heat Pump
  • Cooling features: Ceiling Fan(s),Central Air,Electric,ENERGY STAR Qualified Equipment,Exhaust Fan,Heat Pump

Interior Area

  • Total structure area: 1,327
  • Total interior livable area: 1,327 sqft

Property

Accessibility

  • Accessibility features: Accessible Approach with Ramp

Details

  • Parcel number: 170328994402000 0000469
  • Zoning: RX-3
  • Special condition: Standard

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Covered,Deck,Front Porch,Porch,See Remarks
  • Exterior features: Fenced Yard,Garden,Lighting,Rain Barrel/Cistern(s),Rain Gutters,Storage
  • Fencing: Back Yard, Gate, Wood
  • Has view: Yes
  • View description: Neighborhood,Trees/Woods

Lot

  • Lot size: 2,613 sqft
  • Features: City Lot,Front Yard,Gentle Sloping,Rectangular Lot,Sloped
  • Lot size dimensions: 42 x 60

Parking

  • Parking features: Concrete,Driveway,Off Street,On Street,Parking Pad

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 $2,604$31,248
Home Insurance *$129$1,548
Property Taxes $371$4,452
Electricity $200$2,405
Total$3,304$39,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$113,280/yr
40% on housing$99,120/yr
45% on housing$88,106/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

$388This listing

vs Other Active Listings

Avg $/sqft

ZIP 27601$268
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27601$378
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
2026-07-26Price change$515,000
2026-07-02Listed for sale$530,000
2023-08-16Sold$465,000
2023-07-17Pending sale$495,000
2023-07-12Price change$495,000
2023-06-06Listed for sale$525,000
2005-02-11Sold$17,500

For Sale by Agent

AgentPhizzy King
BrokerageColdwell Banker HPW

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