723 McRae Rd is a 1,846 square foot townhouse on a 3,049 square foot lot with 2.5 bathrooms. Based on Redfin's Cary data, we estimate the home's value is $530,614.
TownhomeProperty Type
2014Year Built
3,049 sq ftLot Size
$287Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$530,614
$1,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 13.3% higher than the average sale price ($468K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$4,680 (+2.2%)
$130,000 + $413,735
$543,735
2024
$4,579 (+34.8%)
$130,000 + $413,735
$543,735
2023
$3,397 (+3.9%)
$130,000 + $413,735
$543,735
2022
$3,270 (+2.1%)
$50,000 + $286,992
$336,992
2021
$3,205 (−0.5%)
$50,000 + $286,992
$336,992
2020
$3,221 (+7.7%)
$50,000 + $286,992
$336,992
2019
$2,992 (+6.6%)
$50,000 + $286,992
$336,992
2018
$2,808 (+4.1%)
$42,000 + $235,579
$277,579
2017
$2,699 (+1.5%)
$42,000 + $235,579
$277,579
2016
$2,658 (+1.6%)
$42,000 + $235,579
$277,579
2015
$2,615
$42,000 + $235,579
$277,579
Tax history for 723 McRae Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,680 (+2.2%)
$130,000 + $413,735
$543,735
2024
$4,579 (+34.8%)
$130,000 + $413,735
$543,735
2023
$3,397 (+3.9%)
$130,000 + $413,735
$543,735
2022
$3,270 (+2.1%)
$50,000 + $286,992
$336,992
2021
$3,205 (−0.5%)
$50,000 + $286,992
$336,992
2020
$3,221 (+7.7%)
$50,000 + $286,992
$336,992
2019
$2,992 (+6.6%)
$50,000 + $286,992
$336,992
2018
$2,808 (+4.1%)
$42,000 + $235,579
$277,579
2017
$2,699 (+1.5%)
$42,000 + $235,579
$277,579
2016
$2,658 (+1.6%)
$42,000 + $235,579
$277,579
2015
$2,615
$42,000 + $235,579
$277,579
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RMFCU
WATERSHED PROTECTION OVERLAY
Multi-Family Residential District
The RMF district is established as a district in which the principal use of land is for multi-family dwellings and also less-intensive residential uses such as patio homes, and is appropriate in areas where the Comprehensive Plan supports high density residential use. This district can be applied to locations that are suitable for multi-family development, and thus provide areas within the community for persons desiring to live in multi-family structures at densities sufficient to support public transit. This district should be located so as to not interfere with or damage environmentally sensitive lands and to ensure that adequate open space and recreational facilities are located nearby, or within the district itself, to serve the needs of the persons who are or will be living in the district. The maximum density allowed is 12 units per acre.
Zone overlays
Watershed Protection Overlay District
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Student
Fire house
Police station
Recreation
Communications tower
Park & open space
Property details
Interior
Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1
Heating & Cooling
Air Conditioning Type: Separate System
Heating Type: Forced Air
Exterior
Exterior Information
Building Style Type: Townhouse
Exterior Wall: Frame
Building Type: Single Family
Property Information
Subdivision Name: COLLINS GROVE PH 1
Living Sq. Ft: 1,846
Building Sq. Ft: 1,846
# of Units: 1
# of Stories: 1.75
Stories Type: 1 3/4
Legal Description: LO92 COLLINS GROVE PH1 BM2014-00367
Parking & Garage Information
Parking Type: Frame Garage
Garage/Parking Sq. Ft: 468
Garage / Carport Type: Frame
Lot Information
# of Buildings: 1
Land Sq. Ft: 3,049
Legal Lot Number: 92
Municipality Name: CARY
Acres: 0.07
Zoning Code: RMFCU
County Use Description: RESIDENTIAL-1 FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: —
Baths: 2.5
Sq. Ft.: 1,846
Stories: 1.75
Lot Size: 3,049 square feet
Style: Townhouse
Year Built: 2014
Year Renovated: 2014
County: Wake County
APN: 0743.01 39 7907 000
Home facts updated by county records on Aug 11, 2026
Around this home
Schools
Davis Drive Elementary
Public K-5 • Assigned • 0.3mi
10/10
Davis Drive Middle
Public 6-8 • Assigned • 0.4mi
10/10
Green Hope High
Public 9-12 • Assigned • 1.7mi
10/10
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
7/10 Heat Factor
7 days above 104° expected this year, 17 days in 30 years
6/10 Wind Factor
49% 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 • 27519
Average low and high temperatures (°F)
48
29
55
35
70
46
77
54
79
59
90
69
91
74
82
67
81
64
72
51
65
44
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$505,000 – $611,000
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