Get In Early on One of Raleigh's Hottest Turnover Neighborhoods — Luxury Almost-New Construction Inside the Beltline! This is your chance to plant roots in a neighborhood that's just beginning its transformation — and do it in a stunning 2-year-old home that already has all the bells and whistles. Buying here now means getting in on the ground floor of a turnover in progress, inside the Beltline, in one of the best-located pockets in the city. Tucked just minutes from Downtown Raleigh, Five Points, and Ironworks, this home puts the very best of the city at your fingertips — Downtown's buzzing restaurant scene, rooftop bars, live music, and shopping; Five Points' beloved local shops and neighborhood charm; and Ironworks' walkable mix of dining and retail. WakeMed Hospital is also close by for added convenience. Come home to a residence that feels like its own retreat: 4 spacious bedrooms, 3.5 beautifully appointed bathrooms, and thoughtful design details at every turn. Multiple balconies and outdoor living spaces let you soak up Raleigh's mild evenings before or after a night in the city. A screened-in porch and oversized deck are made for pre-downtown cocktails or unwinding after exploring Fayetteville Street, Five Points, or Ironworks. The second-floor balcony — shared between the second and third bedrooms — offers a quiet perch for morning coffee above it all. Inside, elegant white oak hardwood floors, imported European tilt-turn windows, and designer light fixtures bring warmth and sophistication throughout. The master suite is a true sanctuary, with a private Juliet balcony and a spa-inspired bath featuring a soaking tub and seamless shower — a peaceful escape just minutes from Downtown, Five Points, and Ironworks. For daytime downtime, you're steps from a Raleigh Greenway trail and a neighborhood park, rounding out the perfect balance between quiet mornings and nights out exploring the city. A neighborhood on the rise. A location that puts Downtown Raleigh, Five Points, and Ironworks all within easy reach. All the bells and whistles inside the Beltline. Get in now — make this dream home yours today.
Lockwood, located between Downtown Raleigh and Southeast Raleigh, is a residential and urban Raleigh neighborhood with tree-lined streets and a low-rise, infill feel. The neighborhood’s character concentrates around the Moore Square area, where cafés, galleries, and small restaurants spill onto sidewalks near the historic square. Nearby, Transfer Co. Food Hall anchors casual dining in a converted industrial space, while CAM Raleigh adds contemporary art energy. Housing reads as a mix of older bungalows and newer townhomes, with pocket parks and greenways shaping daily routines. Streets trend walkable, with a steady hum from nearby warehouses-turned-studios and local storefronts.
Provided by Walk Score and Local Logic
Offer insights
1232 Somerset Rd · $1,000,000
$996K and above
75% chance or better to win
Why $996K+ is a strong offer
DAYS ON MARKET
62 days
The average home goes pending in 41 days.
SALE-TO-LIST
98.5%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Beamed ceilings
Cathedral ceilings
Double vanity
Entrance foyer
High ceilings
High speed internet
Kitchen island
Natural woodwork
Open floorplan
Pantry
Quartz counters
Recessed lighting
Separate shower
Smart thermostat
Smooth ceilings
Walk-in closet(s)
Walk-in shower
Water closet
Gas fireplace with blower fan in the living room
Bedrooms
4 bedrooms
Bathrooms
3 full bathrooms
1 half bathroom
Double vanity(s)
Kitchen
Dishwasher
Disposal
ENERGY STAR qualified dishwasher
ENERGY STAR qualified freezer
ENERGY STAR qualified refrigerator
Gas range
Microwave
Range hood
Kitchen island
Pantry
Quartz counters
Laundry & utility
Laundry room on upper level
Washer hookup
Electric dryer hookup
Laundry sink
Inside laundry
Flooring
Hardwood floors
Tile floors
Heating & cooling
Heat pump
Electric heating available
Fireplace(s) provides heat option
Central air
Ceiling fans
Electric cooling
Smart thermostat
Tankless water heater
Exterior features
Deck
Rear porch
Screened porch
Awning(s)
Balcony
Fenced yard with wood privacy fence and gate
Private yard
Rain gutters
Home design
Site built home
Two levels
Parking
Attached 2-car garage with garage door opener
Construction
Fiber cement and vertical siding
Spray foam insulation
Brick/mortar foundation
Metal and shingle roof
Built with modern energy-efficient features
Utilities
Public water
Public sewer
HOA & community
No association
Community features include park and playground
Electricity and solar
View estimated energy costs and solar savings for this home
* * MOVE - IN - READY * * NEW CONSTRUCTION HOME ---- INSIDE THE BELT LINE ----- WakeMed hospital less than 2-miles from property ----- CUSTOM DESIGNER FEATURES THROUGHOUT ----- > ----- >>MULTIPLE OUTDOOR LIVING SPACES ----- . Walk to Raleigh Greenway trails and neighborhood park ------>>
TMLS #10040075
Aug 24, 2024
Listing Removed
—
Jul 9, 2024
Listed
$1,150,000
$411/sq ft
TMLS #2513849
Sep 25, 2023
Sold
$191,860
$69/sq ft
Jul 24, 2023
Pending
—
Jun 1, 2023
Listed
$149,900
$54/sq ft
Public Records
Oct 13, 1993
Sold
$33,500
$12/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$9,456 (+391.8%)
$200,000 + $881,961
$1,081,961
2024
$1,923 (−9.2%)
$200,000 + $21,400
$221,400
2023
$2,118 (+7.6%)
$200,000 + $45,693
$245,693
2022
$1,969 (+4.0%)
$115,000 + $77,454
$192,454
2021
$1,893 (+1.8%)
$115,000 + $77,454
$192,454
2020
$1,858 (+23.7%)
$115,000 + $77,454
$192,454
2019
$1,503 (+6.0%)
$115,000 + $77,454
$192,454
2018
$1,418 (+5.0%)
$48,000 + $79,950
$127,950
2017
$1,351 (+2.1%)
$48,000 + $79,950
$127,950
2016
$1,323 (+20.3%)
$48,000 + $79,950
$127,950
2015
$1,100 (+5.4%)
$48,000 + $79,950
$127,950
2014
$1,044 (+6.9%)
$28,000 + $76,376
$104,376
2013
$977 (+12.0%)
$28,000 + $76,376
$104,376
2012
$872 (−9.9%)
$28,000 + $64,919
$92,919
2011
$967
$28,000 + $64,919
$92,919
Public record
Public record
Zoning
Permits
Beds
—
Baths
3.5
Stories
1.75
Lot width
—
Lot depth
—
Lot size
0.3 Acres
Year renovated
2024
Finished Sq. Ft.
2,862
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,862
Year built
2024
Style
Single Family Residential
County
Wake County
APN
1714.16 84 4643 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-6
Residential-6 District
R-6 allows single-unit living in a detached house, or tiny house and two-unit living in an attached house or townhouse or tiny house with a minimum lot size of 6,000 sq ft. Multi-unit living is also allowed in a townhouse.; Smaller minimum lot sizes are permitted as part of a compact development.; Additional building types, and smaller lot sizes as part of a conservation development or cottage court are allowed in exchange for preserving common open space.; Dimensional standards, maximum density, allowed building types, and allowed uses may be modified for the R-6 district within the TOD overlay or Frequent Transit Areas identified in the City’s Comprehensive Plan to enable transit oriented development.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service-Other
Recreation-Other
Park & open space
Feb 7, 2025 • Final
New single family dwelling/duplex/triplex/quadruplex/adu
Construct a new single-family home with a crawl space foundation. The project includes a covered patio and a great room with a fireplace.
Demolition
New construction
Sep 19, 2024 • Final
Dseng - right of way - right-of-way [residential
Construct a new single-family home. Install a driveway in the right-of-way utilizing the existing curb-cut.
Grading
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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 106° expected this year, 17 days in 30 years
6/10 Wind Factor
53% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Raleigh, NC • 27610
Average low and high temperatures (°F)
49
29
54
35
70
46
77
54
78
60
89
68
90
73
82
67
81
62
72
51
66
44
54
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Raleigh. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1232 Somerset Rd
$981,005
$19K under list price of $1.00M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $430K to $990K.