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Off market
  • $342,000

    5311 Fair Rain Dr, Raleigh, NC 27616

    3beds
    2,340sqft
    Townhouse
    Built in ----
    -- sqft lot
    $342,000 Zestimate®
    $146/sqft
    $2,091 Estimated rent

    Home value

    $342,000

    $325,000 - $359,000

    $2,091/mo

    Zestimate® history
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    $2,091/mo

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    Rent Zestimate®

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    $2,191/mo

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    $2,191/mo

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    What's special

    Peaceful back patioPristine turn-key interiorInviting front porchExtensive crown moldingGorgeous hardwood floorsOversized loft space upstairsPantry space

    Welcome to 5311 Fair Rain Drive, a beautifully maintained 3-bedroom, 2.5-bathroom Raleigh townhome ready for a move-in this August 2026. From the inviting front porch to the peaceful back patio, this home has it all. Inside, the pristine, turn-key interior features a seamless mix of gorgeous hardwood floors, cozy BRAND NEW carpet, and durable vinyl all finished with details like extensive crown molding. You can't miss the oversized loft space upstairs! Complemented by the rare convenience of a huge walk-in closets & pantry space, 2-car attached garage and 2nd floor laundry room. Nestled in a quiet, small neighborhood, this home offers a true lock-and-leave lifestyle with all exterior maintenance fully covered. Residents also enjoy fantastic community amenities, including a pool, clubhouse, and courts for tennis and pickleball. It is the peak of effortless living in an exceptional location, spotlessly clean and waiting for you! NO PETS. $150 admin fee. Landlord believes home contains approx 2,340 sqft but tenant shall verify & not rely upon foregoing representation. Rented as is unless otherwise agreed. Required Resident Benefit Package $49.95/month includes liability insurance, credit building, identity theft protection, HVAC air filter delivery, on-demand pest control & much more!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Electric
    Appliances
    • Included: Dishwasher, Garbage Disposal, Microwave Oven, Refrigerator, washerDryerHookups
    • Laundry: Hookups, hookups
    Interior area
    • Total interior livable area: 2,340 sqft

    Property

    Parking
    • Details: Contact manager
    Features
    • Exterior features: Community Social Events, Pickle Ball Court, Playground, Tennis Court(s)
    • Pool features: Pool
    Details
    • Parcel number: 1737293284

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse

    Community & HOA

    Community
    • Features: Clubhouse, Playground, Pool, Tennis Court(s)
    • Deposit fee: $2,100
    HOA
    • Amenities included: Clubhouse, Landscaping, Maintenance, Playground, Pool, Tennis Court(s)
    Location
    • Region: Raleigh

    Financial & listing details

    • Price per square foot: $146/sqft
    • Tax assessed value: $352,191
    • Annual tax amount: $3,091
    • Date on market: 7/2/2026
    • Date available: 08/21/2026
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    9/4/2026Listing removed$2,100$1/sqft
    Source: Zillow Rentals Report a problem
    8/25/2026Price change$2,100-6.7%$1/sqft
    Source: Zillow Rentals Report a problem
    7/2/2026Listed for rent$2,250+7.4%$1/sqft
    Source: Zillow Rentals Report a problem
    9/1/2022Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    8/16/2022Price change$2,095-4.6%$1/sqft
    Source: Zillow Rental Network Premium Report a problem
    7/26/2022Listed for rent$2,195$1/sqft
    Source: Zillow Rental Network Premium Report a problem
    6/21/2022Sold$369,000+2.5%$158/sqft
    Source: Public Record Report a problem
    5/24/2022Pending sale$360,000$154/sqft
    Source: Doorify MLS #2447940 Report a problem
    5/19/2022Listed for sale$360,000+60%$154/sqft
    Source: Doorify MLS #2447940 Report a problem
    10/10/2018Sold$225,000+0%$96/sqft
    Source: Public Record Report a problem
    9/12/2018Pending sale$224,900$96/sqft
    Source: Porchlight Real Estate #2210457 Report a problem
    8/20/2018Listed for sale$224,900+28.5%$96/sqft
    Source: Porchlight Real Estate #2210457 Report a problem
    7/19/2004Sold$175,000$75/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,091 +0.4%$352,191
    2024$3,079 +21.2%$352,191 +52.3%
    2023$2,541 +7.6%$231,260
    2022$2,362 +4%$231,260
    2021$2,270 +1.8%$231,260
    2020$2,229 +2.8%$231,260 +24.7%
    2019$2,169 $185,443
    2018$2,169 +11.3%$185,443
    2017$1,949 +2.1%$185,443
    2016$1,909 -10.8%$185,443 -9.4%
    2015$2,140 +5.4%$204,712
    2014$2,030 $204,712
    2013-- $204,712
    2012-- $204,712
    2011-- $204,712
    2010-- $204,712
    2009-- $204,712
    2008-- --
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    Find assessor info on the county website

    Neighborhood: Northeast Raleigh

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $342,000
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    Estimated market value
    $342,000