2026 PARADE HOME - A new construction luxury residence by award-winning Exeter Building Company, thoughtfully crafted across 5,209 square feet on a . 37-acre homesite just minutes from local shops, the Lenovo Center, and the NC Museum of Art. A brick and siding exterior with swooped roofline accents and expansive front-facing windows reveals a sculptural floating staircase from the street. Inside, eleven-foot ceilings create volume and light across an open family, dining, and kitchen layout designed for effortless living. The kitchen is appointed with Thermador appliances, quartz countertops, and a dedicated scullery. A gas fireplace anchors the family room, which opens directly to a screened porch with motorized screens for seamless indoor-outdoor living. The main-level owner's suite features vaulted ceilings, a freestanding soaking tub, zero-entry shower, and an expansive walk-in closet with private laundry. Hardwood flooring carries throughout the home, bringing warmth and continuity to every level. Upstairs, three ensuite bedrooms, a vaulted recreational room, dedicated laundry, and generous finished storage provide flexibility for daily living and guests. A future studio with roughed-in bath above the garage serves as an ideal foundation for a guest suite, gym, or home office. Pool-ready lot. Three-car garage. A refined expression of Exeter's craftsmanship and design.
Glenwood, located between Downtown Raleigh and Five Points, is a residential and entertainment Raleigh neighborhood with a nightlife corridor and leafy side streets. The neighborhood’s character concentrates along Glenwood Avenue near the Glenwood South strip, where patios, cocktail bars, late-night bites, and small galleries line the sidewalks. Historic bungalows and brick apartment buildings sit a few blocks from newer mid-rises, giving the streetscape a layered, urban feel. Fred Fletcher Park adds shaded lawns and walking paths that soften the edges of the commercial blocks. The Rialto Theatre and The Pour House Music Hall anchor the calendar with live shows. On weekends, the sidewalks read like a moving street scene, while the interior blocks stay quieter.
Provided by Walk Score and Local Logic
Offer insights
3438 Leonard St · $2,950,000
$2.94M and above
75% chance or better to win
Why $2.94M+ is a strong offer
DAYS ON MARKET
172 days
The average home goes pending in 42 days.
SALE-TO-LIST
98.7%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Ceiling fans
Chandeliers
Crown molding
High ceilings
Kitchen island
Open floorplan with living/dining combination
Primary suite on the downstairs level
Quartz countertops
Recessed lighting
Smart thermostat
Smooth ceilings
Soaking tub
Sound system
Interior storage
Walk-in closets
Walk-in shower
Water closet
Wired for data
Two fireplaces (one in family room, one outside)
Bedrooms
Four bedrooms total
One bedroom on the main level
Bathrooms
Five full bathrooms
One half bathroom
Kitchen
Built-in gas range
Dishwasher
Microwave
Instant hot water
Laundry & utility
Gas water heater
Flooring
Hardwood
Carpet
Tile
Heating & cooling
Forced air
Heat pump
Natural gas available
Fireplace heating
Central air conditioning
Ceiling fans
Exterior features
Covered front and rear porches, including a screened porch
Fenced yard with perimeter wood fencing
Rain gutters
Located in Parade of Homes
Home design
Site-built house
Two levels
Facing south
Currently under construction
Built by Exeter Building Company
Parking
Attached garage with garage door opener
Concrete driveway
Three garage spaces
Construction
Brick veneer, fiber cement and lap siding exterior
Spray foam insulation
Block foundation
Roof materials: asphalt, metal, rubber, shingle
Utilities
Public water
Public sewer
HOA & community
No association
Other
Lot dimensions approx. 100' x 165' (0.37 acres)
Zoned R-4
Electricity and solar
View estimated energy costs and solar savings for this home
Wonderful 99.9' wide lot in Ridgewood. House needs repairs so being sold as a tear down - no interior access. Great street with easy access to Elementary and Middle schools just down Ridge Rd. Whole Foods, I-40 and Raleigh Greenway just 2 block away.
TMLS #643085
Nov 7, 2024
Price Changed
$230,000
$44/sq ft
Aug 6, 2002
Price Changed
$305,000
$59/sq ft
Aug 6, 2002
Listing Removed
—
May 31, 2002
Listed
$230,000
$44/sq ft
TMLS #652263
Dec 11, 2023
Price Changed
$230,000
$44/sq ft
Sep 5, 2002
Price Changed
$391,889
$75/sq ft
Sep 5, 2002
Sold
$225,000
$43/sq ft
Sep 5, 2002
Sold
$225,000
$43/sq ft
Aug 6, 2002
Listed
$230,000
$44/sq ft
Aug 6, 2002
Listed
$230,000
$44/sq ft
Public Records
Sep 6, 2002
Sold
$225,000
$43/sq ft
Public Records
Feb 9, 1990
Sold
$94,500
$18/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,469 (+0.4%)
$675,000 + $64,514
$739,514
2024
$6,443 (+24.2%)
$675,000 + $64,514
$739,514
2023
$5,187 (+7.6%)
$675,000 + $64,514
$739,514
2022
$4,820 (+4.0%)
$450,000 + $24,052
$474,052
2021
$4,633 (+1.9%)
$450,000 + $24,052
$474,052
2020
$4,548 (+5.2%)
$450,000 + $24,052
$474,052
2019
$4,324 (+6.0%)
$450,000 + $24,052
$474,052
2018
$4,078 (+5.0%)
$300,000 + $71,405
$371,405
2017
$3,884 (+2.1%)
$300,000 + $71,405
$371,405
2016
$3,803 (+24.4%)
$300,000 + $71,405
$371,405
2015
$3,056 (+5.4%)
$300,000 + $71,405
$371,405
2014
$2,899 (+7.1%)
$173,875 + $119,389
$293,264
2013
$2,708
$173,875 + $119,389
$293,264
2012
$2,708 (+1.0%)
$173,875 + $119,389
$293,264
2011
$2,681
$173,875 + $119,389
$293,264
Public record
Public record
Zoning
Permits
Beds
—
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.37 Acres
Year renovated
1992
Finished Sq. Ft.
1,590
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,590
Year built
1957
Style
Single Family Residential
County
Wake County
APN
0794.06 37 6577 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
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
Mar 15, 2027 • Active
Residential plumbing sub-
Construct a new two-story single-family home with a sealed crawl space and a rear screened porch. Install prefabricated gas fireplaces in the family room and on the screened porch.
New construction
Plumbing
Mar 15, 2027 • Active
Residential electrical sub-
Construct a new two-story single-family home with a sealed crawl space and a rear screened porch. Install prefabricated gas fireplaces in the family room and on the screened porch.
Electrical
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 104° expected this year, 17 days in 30 years
6/10 Wind Factor
62% 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
82
68
80
65
71
53
65
46
53
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Raleigh. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3438 Leonard St
$2,880,300
$70K under list price of $2.95M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.4M to $3.3M.