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316 E Cabarrus St, Raleigh, NC, 27601

0beds
0baths
0sqft
$420,000
--price/sqft
$2,727/moest. monthly cost
$109,080/yrincome needed

About This Home

You can own a Piece of Raleigh History: The Lucille Hunter House. It is a rare opportunity to restore a landmark in the heart of downtown Raleigh. Located in the Prince Hall Historic District, the ''Hunter House'' is more than just a property. It is a cornerstone of local heritage. Educator and trailblazer, Lucille Hunter, owned the home. She is the namesake of Hunter Elementary. This blank slate is waiting for a visionary buyer or preservation enthusiast. Previous owners had renovation plans approved by Raleigh's historic development board. The home is steps from Raleigh's premier dining, Moore Square, Transfer Co. Food Hall, and the central business district. Bring your architect and your imagination to 316 E Cabarrus Street. This is your chance to revive a historic gem and cement your legacy in the heart of Raleigh.

Getting Around

93
WalkingWalker's Paradise
74
TransitExcellent Transit
81
BikeVery Bikeable

Schools

5/10
Joyner ElementaryGrades PK-52.8 mi
6/10
7/10
Needham Broughton HighGrades 9-121.5 mi

Construction

Condition

  • Year built: 1909

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Asphalt
  • Construction materials: Asphalt,Lap Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Arts & Crafts, Bungalow, Cottage
  • Property subType: Single Family Residence,Residential

Interior

Features

  • Flooring: None
  • Finished area below ground: 0
  • Finished area above ground: 0

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 170343864756000 0068341
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes

Lot

  • Lot size: 4,791 sqft

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
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Heat Wave
Inland Flooding
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 $2,123$25,476
Home Insurance *$105$1,260
Property Taxes $299$3,588
Electricity $200$2,405
Total$2,727$32,724
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$93,497/yr
40% on housing$81,810/yr
45% on housing$72,720/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 27601$269
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
2026-02-03Listed for sale$420,000
2022-10-14Sold$400,000
2022-10-04Pending sale$475,000
2022-07-13Price change$475,000
2022-03-31Listed for sale$500,000
2020-03-18Sold$350,000
2014-08-14Sold$91,500
1997-12-30Sold$30,000

For Sale by Agent

AgentAnthony Greco
BrokerageHodge & Kittrell Sotheby's Int

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