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For sale
    • Price cut: $100K (8/18)
    $1,195,000

    516 W Peace St, Raleigh, NC 27603

    2beds
    1,708sqft
    : 
    $7,192/mo
    Get pre-qualified
    Single Family Residence
    Built in 1908
    5,227 Square Feet Lot
    $1,141,000 Zestimate®
    $700/sqft
    $-- HOA

    What's special

    Welcoming wraparound front porchGleaming hardwood floorsQuiet neighborhood streetNew hvac systemNewer hot water heaterBright eat-in kitchen
    Rich in character and full of timeless appeal, this well-maintained 1908 home offers a rare combination of historic charm and modern updates in a prime location. Featuring 10' ceilings, gleaming hardwood floors, a spacious foyer and central hallway, this inviting home also includes a generous living room, and a bright eat-in kitchen. Two bedrooms and one full bath complete the thoughtfully designed floor plan. Enjoy relaxing on the welcoming wraparound front porch or take advantage of the large rear parking area with convenient side alley access to a quiet neighborhood street. The home is in very good condition and has been updated with a new HVAC system and a newer hot water heater, providing peace of mind while preserving its classic character. Currently zoned NX-3 for Neighborhood Business, this versatile property offers exceptional flexibility. Continue to enjoy it as a charming residence or explore the many possibilities for a neighborhood business. A unique opportunity to own a property with historic charm, modern conveniences, and outstanding potential. Price Reduction!
    51 days
    271
    6

    Zillow last checked:

    Listing updated:

    Listed by:

    Amanda Williams 919-270-7680,

    Berkshire Hathaway HomeService

    Source: Doorify MLS,MLS#: 10183887MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Primary bedroom
      • Level: Main
      • Area: 217.26 Square Feet
      • Dimensions: 14.2 x 15.3
      Bedroom 2
      • Level: Main
      • Area: 217.26 Square Feet
      • Dimensions: 14.2 x 15.3
      Dining room
      • Level: Main
      • Area: 235.62 Square Feet
      • Dimensions: 15.4 x 15.3
      Other
      • Level: Main
      • Area: 186 Square Feet
      • Dimensions: 31.0 x 6.0
      Kitchen
      • Level: Main
      • Area: 229.5 Square Feet
      • Dimensions: 15.0 x 15.3
      Living room
      • Level: Main
      • Area: 235.62 Square Feet
      • Dimensions: 15.4 x 15.3
      Other
      • Description: Front Porch
      • Level: Main
      • Area: 258 Square Feet
      • Dimensions: 43.0 x 6.0
      Heating
      • None
      Cooling
      • Central Air, Electric, Gas
      Appliances
      • Included: Dishwasher, Free-Standing Electric Range, Free-Standing Refrigerator
      • Laundry: Laundry Room
      Features
      • Entrance Foyer, High Ceilings, Kitchen Island, Shower Only
      • Flooring: Ceramic Tile, Hardwood
      • Number of fireplaces: 4
      • Fireplace features: Decorative, See Remarks
      Interior area
      • Total structure area: 1,708
      • Total interior livable area: 1,708 sqft
      • Finished area above ground: 1,708
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 5
      • Parking features: Alley Access, Open, Paved
      • Uncovered spaces: 5
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Porch, See Remarks, Wrap Around
      • Exterior features: Smart Camera(s)/Recording
      Lot
      • Size: 5,227 Square Feet
      • Features: Front Yard
      Details
      • Parcel number: 170418428282000 0074330
      • Zoning: NX-3
      • Special conditions: Seller Licensed Real Estate Professional

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Brick/Mortar
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1908

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Sidewalks
      HOA
      • Has HOA: No
      Location
      • Region: Raleigh

      Financial & listing details

      • Price per square foot: $700/sqft
      • Tax assessed value: $541,125
      • Annual tax amount: $4,741
      • Date on market: 8/1/2026
      • Listing agreement: Exclusive Agency
      • Listing terms: Cash,Conventional
      • Road surface type: Asphalt, Alley Paved

        Estimated market value

        $1,141,000

        $1.08M - $1.20M

        $1,955/mo

        Price history

        DateEventPrice
        8/18/2026Price change$1,195,000-7.7%$700/sqft
        Source: Doorify MLS #10183887 Report a problem
        8/1/2026Listed for sale$1,295,000$758/sqft
        Source: Doorify MLS #10183887 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,742 +0.4%$541,425
        2024$4,722 +4.9%$541,425 +31.6%
        2023$4,503 +7.6%$411,298
        2022$4,184 +4%$411,298
        2021$4,022 +1.9%$411,298
        2020$3,949 0%$411,298 +21.3%
        2019$3,950 $339,127
        2018$3,950 +22.2%$339,127 +9.2%
        2017$3,232 +2.1%$310,698
        2016$3,165 $310,698 +11.1%
        2015-- $279,657
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Five Points

        Getting around

        93 / 100
        Walker's Paradise
        57 / 100
        Good Transit
        75 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Wiley Elementary
        • Middle: Wake - Oberlin Middle
        • High: Wake - Needham Broughton High

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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