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308 Mulberry St, Raleigh, NC, 27604

5beds
4baths
3,678sqft
$1,700,000
$462price/sqft
$10,206/moest. monthly cost
$408,240/yrincome needed

About This Home

Have you imagined building your own home, with your style, desired finishes, and spaces you need? This CUSTOM BUILD OPPORTUNITY in highly sought-after Mordecai allows you to create a home tailored to your lifestyle, whether you start with a BLANK CANVAS OR WORK WITH ONE OF OUR PLANS. Tailor your plans for an attached or detached ONE or TWO-CAR GARAGE. Need four bedrooms? Five? A dedicated home office or study? Fitness space or flex room? Design each floor level based on your desires, needs, and budget. Envision light-filled spaces, a warm and inviting gourmet kitchen, and trim details or special finishes discussed room by room. Personalize the visible and functional features, from flooring and cabinetry to appliances, countertops, tile, lighting, and other fixtures. Beyond the beautiful finishes, you'll enjoy peace of mind with quality craftsmanship and thoughtfully selected comfort features, including site-finished hardwood floors, a tankless water heater, upgraded insulation, a sealed crawlspace, and energy-conscious construction designed for lasting performance and efficiency. **MLS entry details are based on a previously built plan with detached garage suitable for this property. The details also include the available options to be finalized. Representative photos, renderings, floor plans, and features are for illustrative purposes only. Final specifications, floor plans, features, selections, and pricing will be determined during the design phase.**

Getting Around

52
WalkingSomewhat Walkable
45
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

5/10
Conn ElementaryGrades PK-50.6 mi
7/10
Oberlin Middle SchoolGrades 6-81.8 mi
7/10
Needham Broughton HighGrades 9-121.2 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: See Remarks
  • Roof: Shingle
  • Construction materials: Batts Insulation,Block,Blown-In Insulation,Brick,HardiPlank Type,Radiant Barrier,See Remarks

Notable Dates

  • Major remodel year: 2026

Other

  • Builder name: Revolution Homes

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Gas Cooktop,Ice Maker,Microwave,Refrigerator,Stainless Steel Appliance(s),Tankless Water Heater,Oven,Other
  • Laundry features: Laundry Room,Main Level,Upper Level,See Remarks

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Bookcases,Built-in Features,Ceiling Fan(s),Chandelier,Crown Molding,Double Vanity,Dual Closets,Eat-in Kitchen,Entrance Foyer,Granite Counters,High Ceilings,Kitchen Island,Kitchen/Dining Room Combination,Open Floorplan,Pantry,Quartz Counters,Recessed Lighting,Separate Shower,Smooth Ceilings,Walk-In Closet(s),Walk-In Shower,Wired for Sound,Other,See Remarks
  • Door features: French Doors,Sliding Doors
  • Window features: Insulated Windows
  • Flooring: Carpet,Ceramic Tile,Hardwood,Tile,See Remarks
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Gas
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,678
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: None
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 3,678
  • Total interior livable area: 3,678 sqft

Property

Details

  • Parcel number: 1704857470
  • Special condition: Seller Licensed Real Estate Professional

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Front Porch,Rear Porch,Screened,Other,See Remarks
  • Exterior features: Fenced Yard,Rain Gutters
  • Fencing: See Remarks
  • Has view: Yes

Lot

  • Lot size: 10,454 sqft
  • Features: See Remarks

Parking

  • Total spaces: 2
  • Parking features: Attached,Concrete,Detached,Driveway,Garage,See Remarks
  • 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 $8,596$103,152
Home Insurance *$675$8,100
Property Taxes $593$7,116
Electricity $342$4,110
Total$10,206$122,472
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$349,920/yr
40% on housing$306,180/yr
45% on housing$272,160/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

$462This listing

vs Other Active Listings

Avg $/sqft

ZIP 27604$199
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27604$212
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
2026-06-26Price change$1,700,000
2026-06-16Listed for sale$1,698,000
2026-04-03Listing removed$2,000,000
2025-07-01Listed for sale$2,000,000

New Construction

AgentAshley Chapman
BrokerageRevolution Realty LLC

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