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2603 Van Dyke Ave, Raleigh, NC, 27607

6beds
4baths
4,077sqft
$715,000
$175price/sqft
$4,718/moest. monthly cost
$188,720/yrincome needed

About This Home

Rare redevelopment opportunity in Raleigh's coveted Forest Hills neighborhood, just moments from the Village District and minutes to Downtown Raleigh, NC State, parks, shopping, dining, and major commuter routes. Whether you're an investor, builder, or buyer searching for a premier homesite, this property offers exceptional flexibility. Renovate the existing home, restore its character, or take advantage of the seller's vision for a striking modern residence. Existing plans and project documentation are available, and buyers may have the opportunity to utilize or build upon this work. Buyers should independently verify the status and transferability of any permits and approvals. *Rendering shown depicts the seller's proposed home and is for illustrative purposes only.* The generous homesite offers the opportunity to create a custom residence in one of Raleigh's most established and sought-after neighborhoods, where opportunities like this are increasingly rare. An adjacent parcel is also available for purchase, presenting the rare opportunity to acquire two side-by-side properties. Whether you're planning multiple luxury homes, creating a private estate, or assembling a larger homesite in the heart of Raleigh, this offering provides flexibility that is seldom available in Forest Hills. Home is being sold as-is.

Getting Around

33
WalkingCar-Dependent
47
TransitSome Transit
85
BikeVery Bikeable

Schools

6/10
Olds ElementaryGrades PK-50.5 mi
7/10
Martin MiddleGrades 6-81.6 mi
7/10
Needham Broughton HighGrades 9-120.8 mi

Construction

Condition

  • Year built: 1945

Materials

  • Foundation: Combination,Raised
  • Roof: Shingle
  • Construction materials: Unknown

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Flooring: Hardwood
  • Finished area below ground: 0
  • Finished area above ground: 4,077

Heating & Cooling

  • Heating features: See Remarks
  • Cooling features: None

Interior Area

  • Total structure area: 4,077
  • Total interior livable area: 4,077 sqft

Property

Details

  • Parcel number: 079416848446000 0025577
  • Zoning: R-6
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Has view: Yes

Lot

  • Lot size: 9,147 sqft

Parking

  • Total spaces: 4
  • Parking features: Garage - Attached,Open
  • 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

  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Heat Wave
Tornado

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 $3,615$43,380
Home Insurance *$209$2,508
Property Taxes $515$6,180
Electricity $379$4,556
Total$4,718$56,616
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$161,760/yr
40% on housing$141,540/yr
45% on housing$125,813/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 27607$387
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27607$337
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
2026-07-15Price change$715,000
2026-05-26Listed for sale$755,000
2026-05-18Sold$575,000
2026-02-02Pending sale$600,000
2026-01-16Listed for sale$600,000

For Sale by Agent

AgentJason Queen
BrokerageMonarch Realty Co.

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