2040 Ridge Rd is a 5,045 square foot house on a 0.58 acre lot with 3.5 bathrooms. - it last sold on June 05, 2015 for $790,000. Based on Redfin's Raleigh data, we estimate the home's value is $1,581,205.
Single-familyProperty Type
1956Year Built
0.58 acresLot Size
$313Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$1,581,205
$791K since sold in June 2015$25K since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 13.6% lower than the average sale price ($1.83M) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R-4
Residential-4 District
Subject to the density restriction of 4 units per acre, R-4 allows single-unit living in a detached house with a minimum lot size of 10,000 sq ft.; Decreased minimum lot sizes are permitted as part of a compact development.; Additional building types, smaller lot sizes and increased density as part of a conservation development are allowed in exchange for preserving common open space.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service-Other
Recreation-Other
Park & open space
Feb 20, 2024 • Active
Eng - stormwater control - stormwater control 2
Remove the existing driveway and install a new one.
Grading
Feb 13, 2024 • Final
Residential gas/fuel piping
Install a regulator to configure the home for two-pound gas pressure.
Gas
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.
Property details
Interior
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Full Baths: 3
# of 1/2 Baths: 1
Heating & Cooling
Air Conditioning Type: Separate System
Heating Fuel Type: Gas
Heating Type: Forced Air
Fireplace Information
# of Fireplaces: 1
Has Fireplace
Room Information
# of Rooms: 10
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Conventional
Exterior Wall: Brick
Roof Shape Type: Gable
Building Type: Single Family
Property Information
Subdivision Name: KURT J OLSON & R SARAH COMPTON
Living Sq. Ft: 5,045
Building Sq. Ft: 5,045
# of Units: 1
# of Stories: 2
Stories Type: 2
Legal Description: LO40 PROP OF OLSON & COMPTON BM1998-02230
Lot Information
# of Buildings: 1
Land Sq. Ft: 25,265
Legal Lot Number: 40
Municipality Name: RALEIGH
Acres: 0.58
Zoning Code: R-4
County Use Description: RESIDENTIAL-1 FAMILY
Utility Information
Utility Type: All
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: —
Baths: 3.5
Sq. Ft.: 5,045
Stories: 2.0
Lot Size: 0.58 acres
Style: Single Family Residential
Year Built: 1956
Year Renovated: 1991
County: Wake County
APN: 0795.15 53 5045 000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Lacy Elementary
Public PreK-5 • Assigned • 0.3mi
8/10
Martin Middle
Public 6-8 • Assigned • 0.7mi
7/10
Needham Broughton High
Public 9-12 • Assigned • 2.4mi
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
65% 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 • 27607
Average low and high temperatures (°F)
48
31
54
37
69
48
77
56
78
61
89
71
91
74
85
69
80
65
71
53
65
46
53
36
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
Estimated sale price
$1.50M – $1.82M
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