OFF MARKET

Off market may 2024 for $655K

—

Est. refi paymentEst. refi $4,394/mo

•

2,450

sq ft

500 Ridgecrest Rd, Cary, NC 27511

About this home

INVESTOR ALERT!! Priced $85k below the latest county assessed value! This duplex property on a residential street in the heart of Cary has so much potential. Only 0.6mi to the new Downtown Cary Park and all the great restaurants/entertainment. Priced below $195 sq/ft this is a RARE opportunity for this location! Both units have long-term tenants that are month-to-month. Unit 500 has 3 bedrooms and 2.5 baths, while Unit 502 has 2 bedrooms, 1 full bath and 2 half baths. This 0.29 acre property is deeded as one entity, but because it's a duplex there are two Town of Cary water meters, two Duke Energy electric meters, and two USPS addresses for the property. Tenants are responsible for their respective utilities.

Multi-familyProperty Type

1981Year Built

0.29 acresLot Size

$267Price/Sq.Ft.

4 spacesParking

Listed by Penelope Wilkinson • Northside Realty Inc.

Bought with Scott Korbin • Compass -- Cary

Redfin checked: 2 minutes ago

•Source:TMLS #10018117

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 27511, NC

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.9%

0.5% MoM

Median sale price

$550K

$10K MoM

Avg. days on market

31d

12 days MoM

Recently sold homes

116

15 MoM

New listings for sale

NEW 17 HRS AGO
$320,000
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OPEN TODAY, 2PM TO 4PM
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5 beds3.5 baths4,166 sq ft
1011 Queensferry Rd, Cary, NC 27511
$200,000
2 beds1.5 baths1,152 sq ft
1110 Donaldson Dr, Cary, NC 27511
OPEN SUN, 2PM TO 4PM
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3 beds2.5 baths2,729 sq ft
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OPEN TODAY, 11AM TO 1PM
$360,000
3 beds2.5 baths1,635 sq ft
128 Riverwalk Cir, Cary, NC 27511
$232,500
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OPEN TODAY, 12PM TO 2PM
$299,999
2 beds2 baths1,277 sq ft
203 Barbary Ct, Cary, NC 27511
$622,500
5 beds3 baths2,300 sq ft
104 Rainbow Ct, Cary, NC 27511
$243,000
2 beds1 bath739 sq ft
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$268,000
2 beds2 baths1,154 sq ft
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See all

Provided by Redfin

Sale history for 500 Ridgecrest Rd

Date

Event

Price

TMLS #10018117

May 30, 2024

Sold

$655,000

$267/sq ft

Mar 24, 2024

Pending

—

Mar 20, 2024

Listed

$474,000

$193/sq ft

TMLS #2065291

Jun 10, 2016

Sold

$231,000

$94/sq ft

May 11, 2016

Contingent

—

May 5, 2016

Listed

$220,000

$90/sq ft

Apr 28, 2016

Listed

$220,000

$90/sq ft

+11

Both units with new HVAC Systems (2014). Two Bedroom Unit was completely remodeled with hardwoods, newer appliances, fixtures, counters, cabinets, paint and more (2 half baths, 1 full bathroom). Three bedroom side has not been redone and has had the same tenants for the last 10 years. Large back yards with two decks and storage space too! 24 hours notice with showings allowed between 9AM - 5PM Monday - Friday is required to view these properties per lease restrictions (no exceptions).

TMLS #1749628

Mar 25, 2011

Sold

$163,000

$67/sq ft

Feb 16, 2011

Listing Removed

—

Sep 28, 2010

Listed

$169,900

$69/sq ft

TMLS #1721671

Sep 1, 2010

Listing Removed

—

Apr 14, 2010

Listed

$177,000

$72/sq ft

TMLS #527097

Nov 15, 1999

Sold

$158,000

$64/sq ft

Oct 8, 1999

Listing Removed

—

Aug 25, 1999

Listed

$165,000

$67/sq ft

Public Records

Jul 1, 1981

Sold

$86,000

$35/sq ft

Public Records

Jan 22, 1981

Sold

$32,500

$13/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$4,848 (+2.2%)

$367,500 + $193,473

$560,973

2024

$4,744 (+39.1%)

$367,500 + $193,473

$560,973

2023

$3,410 (+3.8%)

$367,500 + $193,473

$560,973

2022

$3,284 (+2.0%)

$300,000 + $36,358

$336,358

2021

$3,219 (−0.5%)

$300,000 + $36,358

$336,358

2020

$3,235 (+35.5%)

$300,000 + $36,358

$336,358

2019

$2,388 (+6.5%)

$300,000 + $36,358

$336,358

2018

$2,242 (+4.0%)

$75,000 + $144,274

$219,274

2017

$2,156 (+1.5%)

$75,000 + $144,274

$219,274

2016

$2,124 (+4.6%)

$75,000 + $144,274

$219,274

2015

$2,031 (+6.0%)

$75,000 + $144,274

$219,274

2014

$1,916 (+4.8%)

$68,000 + $134,251

$202,251

2013

$1,828 (+2.3%)

$68,000 + $134,251

$202,251

2012

$1,787

$68,000 + $134,251

$202,251

2011

$1,787

$68,000 + $134,251

$202,251

Tax history for 500 Ridgecrest Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,848 (+2.2%)

$367,500 + $193,473

$560,973

2024

$4,744 (+39.1%)

$367,500 + $193,473

$560,973

2023

$3,410 (+3.8%)

$367,500 + $193,473

$560,973

2022

$3,284 (+2.0%)

$300,000 + $36,358

$336,358

2021

$3,219 (−0.5%)

$300,000 + $36,358

$336,358

2020

$3,235 (+35.5%)

$300,000 + $36,358

$336,358

2019

$2,388 (+6.5%)

$300,000 + $36,358

$336,358

2018

$2,242 (+4.0%)

$75,000 + $144,274

$219,274

2017

$2,156 (+1.5%)

$75,000 + $144,274

$219,274

2016

$2,124 (+4.6%)

$75,000 + $144,274

$219,274

2015

$2,031 (+6.0%)

$75,000 + $144,274

$219,274

2014

$1,916 (+4.8%)

$68,000 + $134,251

$202,251

2013

$1,828 (+2.3%)

$68,000 + $134,251

$202,251

2012

$1,787

$68,000 + $134,251

$202,251

2011

$1,787

$68,000 + $134,251

$202,251

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.29 Acres

Year renovated

1986

Sq. Ft.

2,432

Year built

1981

Style

Multi-Family (2-4 Unit)

County

Wake County

APN

0764.17 10 9263 000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 11, 2026.

Property details

Parking

Parking Information
Open Parking: Yes
Open Parking Spaces: 4
Parking Features: Driveway

Interior

Bathroom Information
Bathrooms Full: 3
Bathrooms Half: 3

Bedroom Information
Bedrooms Total: 5

Interior Features
Appliances: Dishwasher, Electric Water Heater, Free-Standing Electric Range, Refrigerator
Laundry Features: Electric Dryer Hookup, In Unit, Laundry Room, Washer Hookup
Flooring: Carpet, Hardwood, Vinyl

Multi-Family Financial Information
Number Of Units Total: 4
Owner Pays: Taxes
Tenant Pays: Electricity, Grounds Care, Sewer, Trash Collection, Water

Exterior

Building Information
Construction Materials: Brick Veneer, Vinyl Siding
Building Features: Sump Pump
Building Area Total: 2450.0
Structure Type: Duplex

Exterior Features
Patio and Porch Features: Deck
Foundation Details: Block
Roof: Shingle

Property information
Above Grade Finished Area: 2450.0
Below Grade Finished Area: 0.0
Levels: Two

Lot Information
Lot Size Acres: 0.29
Lot Size Area: 0.29
Lot Size Dimensions: 85 x 150
Lot Size Square Feet: 12750.01
Lot Size Units: Acres

Financial

Tax Information
Tax Annual Amount: 3410.0

Financial Information
Buyer Financing: Cash

Utilities

Utility Information
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water Source: Public

Heating & Cooling
Heating: Yes
Heating Information: Central, Forced Air, Heat Pump
Cooling: Yes
Cooling Information: Central Air, Heat Pump

Location

School Information
Elementary School: Wake - Cary
Middle Or Junior School: Wake - East Cary
High School: Wake - Cary

Location Information
County Or Parish: Wake
Latitude: 35.783741
Longitude: -78.791086
Postal Code: 27511
Road Responsibility: Public Maintained Road

Community Information
Community Features: Sidewalks

Public facts

Beds: —
Baths: —
Sq. Ft.: 2,432
Stories: 2.0
Lot Size: 0.29 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1981
Year Renovated: 1986
County: Wake County
APN: 0764.17 10 9263 000

Home facts updated by county records on Aug 11, 2026

Other

hidden custom fields
Electric Dryer Hookup, In Unit, Laundry Room, Washer Hookup

Listing Date Information
Contract Status Change Date: 2024-05-30
Documents Change Timestamp: 2024-04-10T12:45:14Z
Photos Change Timestamp: 2024-03-20T15:08:47Z

Around this home

Schools

Cary Elementary

Public PreK-5 • Assigned • 0.6mi

8/10

East Cary Middle School

Public 6-8 • Assigned • 1.5mi

8/10

Cary High

Public 9-12 • Assigned • 1.7mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 105° expected this year, 17 days in 30 years

6/10 Wind Factor

58% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Cary, NC • 27511

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.9 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

8.9 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

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New listings for sale in 27511

NEW 17 HRS AGO

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OPEN TODAY, 2PM TO 4PM

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5 beds3.5 baths4,166 sq ft

1011 Queensferry Rd, Cary, NC 27511

$200,000

2 beds1.5 baths1,152 sq ft

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OPEN SUN, 2PM TO 4PM3D WALKTHROUGH

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OPEN TODAY, 11AM TO 1PM

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Home values near 500 Ridgecrest Rd

Data from public records.

Address	Redfin Estimate
510 Ridgecrest Rd, Cary, NC - Beds \| - Baths \| 1664 Sq. Ft.	$517,932
514 Ridgecrest Rd, Cary, NC - Beds \| - Baths \| - Sq. Ft.	$608,106

Address	Redfin Estimate
432 Ridgecrest Rd, Cary, NC 2 Beds \| 1.5 Baths \| 1384 Sq. Ft.	$528,381
504 Ridgecrest Rd, Cary, NC - Beds \| 3.5 Baths \| 3456 Sq. Ft.	$835,027

Address	Redfin Estimate
602 Ridgecrest Rd, Cary, NC - Beds \| 3.5 Baths \| 4080 Sq. Ft.	—
420 Ridgecrest Rd, Cary, NC 3 Beds \| 2.5 Baths \| 1460 Sq. Ft.	$560,678

Property information provided by TMLS when last listed in 2024. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 27511, NC

Sale history for 500 Ridgecrest Rd

Tax history for 500 Ridgecrest Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 27511

Home values near 500 Ridgecrest Rd

More real estate resources