This Raleigh home offers a clean, move-in ready layout that prioritizes space and natural light. The vaulted living room serves as the central anchor, featuring a gas fireplace with a marble surround that gives the space an intentional, polished feel. The kitchen has been updated with butcher block countertops and connects directly to the dining area, where sliding glass doors lead to the private outdoor space. The main-level primary suite includes vaulted ceilings and a walk-in closet, while two additional main-floor bedrooms and a fourth bedroom upstairs provide rare flexibility for guest space or a home office. Outside, the large fenced backyard and patio offer a private setting that is difficult to find at this price point. The attached two-car garage provides essential storage and parking, adding to the home's effortless utility. Located with quick access to the beltline and I-64, this property removes the friction from a daily commute while keeping you connected to downtown Raleigh's shops and dining. If you've been waiting for a turnkey property that lets you move right in and get on with life, this is the one.
For sale
Price cut: $10K (5/27)
$310,000
1016 Penncross Dr, Raleigh, NC 27610
3beds
1,749sqft
Single Family Residence, Residential
Built in 2002
6,534 Square Feet Lot
$304,900 Zestimate®
$177/sqft
$57/mo HOA
What's special
Large fenced backyardAttached two-car garageWalk-in closet
- 50 days |
- 1,776 |
- 103 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Joshua Kennedy 919-671-4841,
Kennedy Real Estate Group LLC
Source: Doorify MLS,MLS#: 10165371
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Features
- Flooring: Laminate
Interior area
- Total structure area: 1,749
- Total interior livable area: 1,749 sqft
- Finished area above ground: 1,749
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Garage - Attached, Open
- Attached garage spaces: 2
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 173404523253000 0292518
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Summer Place
HOA
- Has HOA: Yes
- Services included: Unknown
- HOA fee: $172 quarterly
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $310,101
- Annual tax amount: $2,724
- Date on market: 5/7/2026
Estimated market value
$304,900
$290,000 - $320,000
$2,043/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Price change | $310,000-3.1%$177/sqft |
Source: | ||
| 5/7/2026 | Listed for sale | $320,000+93.9%$183/sqft |
Source: | ||
| 7/16/2018 | Listing removed | $1,265$1/sqft |
Source: Paramount Realty Solutions Report a problem | ||
| 7/11/2018 | Listed for rent | $1,265$1/sqft |
Source: Paramount Realty Solutions Report a problem | ||
| 1/15/2010 | Sold | $165,000$94/sqft |
Source: Public Record Report a problem | ||
| 11/4/2009 | Listed for sale | $165,000+12.6%$94/sqft |
Source: re/max united #1693110 Report a problem | ||
| 6/26/2002 | Sold | $146,500$84/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,724 +0.4% | $310,101 |
| 2024 | $2,713 +26.9% | $310,101 +59.6% |
| 2023 | $2,138 +7.6% | $194,304 |
| 2022 | $1,987 +4% | $194,304 |
| 2021 | $1,911 +1.8% | $194,304 |
| 2020 | $1,876 +3.6% | $194,304 +25.7% |
| 2019 | $1,812 | $154,592 |
| 2018 | $1,812 +11.3% | $154,592 |
| 2017 | $1,628 +2.1% | $154,592 |
| 2016 | $1,595 -3.8% | $154,592 -2.3% |
| 2015 | $1,659 +5.4% | $158,235 |
| 2014 | $1,574 | $158,235 |
| 2013 | -- | $158,235 |
| 2012 | -- | $158,235 |
| 2011 | -- | $158,235 |
| 2010 | -- | $158,235 |
| 2009 | -- | $158,235 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Southeast Raleigh
Nearby schools
GreatSchools rating
- 2/10Rogers Lane ElementaryGrades: PK-5Distance: 0.8 mi
- 2/10River Bend MiddleGrades: 6-8Distance: 5.1 mi
- 4/10Southeast Raleigh HighGrades: 9-12Distance: 4.5 mi
Schools provided by the listing agent
- Elementary: Wake - Rogers Lane
- Middle: Wake - River Bend
- High: Wake - S E Raleigh
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Raleigh
- 27610
- Southeast Raleigh
- 1016 Penncross Dr






