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3114 Rapid Falls Rd, Cary, NC, 27519

2beds
3baths
1,806sqft
$375,000
$208price/sqft
$2,448/moest. monthly cost
$97,920/yrincome needed

About This Home

Centrally located in the heart of the Triangle, this townhouse offers exceptional convenience to major roads, restaurants, RDU, RTP, and all the area's top entertainment. You'll love the well-designed floor plan featuring a spacious loft and generously sized rooms that provide both comfort and flexibility. Recent updates include new carpet and new tile flooring in the foyer and half bath, along with a new roof in 2023 and a new HVAC system in 2025 for added peace of mind. Enjoy outdoor living with a welcoming covered front porch and a back patio--perfect for relaxing or entertaining. The community offers great amenities including a pool and scenic lakes, creating an ideal setting for both convenience and lifestyle.

Getting Around

45
WalkingCar-Dependent
0
TransitNo Nearby Transit
51
BikeBikeable

Schools

9/10
Cedar Fork ElementaryGrades PK-50.7 mi
10/10
West Cary Middle SchoolGrades 6-83.8 mi
10/10
Panther Creek HighGrades 9-122.3 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Fiber Cement

Type & Style

  • Home type: Townhouse
  • Architectural style: Traditional
  • Property subType: Townhouse,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Electric Range,Microwave,Refrigerator,Washer/Dryer

Bedrooms & Bathrooms

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

Features

  • Kitchen Island,Tray Ceiling(s)
  • Flooring: Carpet,Hardwood,Tile
  • Finished area below ground: 0
  • Finished area above ground: 1,806
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,806
  • Total interior livable area: 1,806 sqft

Property

Details

  • Parcel number: 074501485353000 0351890
  • Attached to another structure: Yes
  • Zoning: RMFP
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Storage
  • Has view: Yes

Lot

  • Lot size: 1,306 sqft

Parking

  • Total spaces: 2
  • Parking features: Assigned,Open
  • 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
  • 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 $1,896$22,752
Home Insurance *$85$1,020
Property Taxes $267$3,204
Electricity $200$2,405
Total$2,448$29,376
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$83,931/yr
40% on housing$73,440/yr
45% on housing$65,280/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

$208This listing

vs Other Active Listings

Avg $/sqft

ZIP 27519$257
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27519$275
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
2026-04-02Listed for sale$375,000
2021-06-13Listing removed--
2021-05-24Listed for rent$1,595
2021-03-24Listing removed--
2019-06-22Listing removed$1,495
2019-06-03Listed for rent$1,495
2018-05-26Listing removed$1,395
2018-04-19Listed for rent$1,395
2012-06-08Listing removed$1,200
2012-05-19Price change$1,200
2012-04-18Listed for rent$1,275
2011-08-09Listing removed$1,100
2011-08-04Price change$1,100
2011-07-16Listed for rent$1,190
2011-02-16Sold$152,010
2007-10-18Sold$183,000

For Sale by Agent

AgentAlan Smith
BrokerageKeller Williams Elite Realty

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