For sale

Price cut: $9.1K (7/31)

$369,900

5519 Wallace Martin Way, Raleigh, NC 27616

3beds

2,109sqft

$2,581/mo

Get pre-qualified

Townhouse

Built in 2019

2,613 Square Feet Lot

$366,600 Zestimate^®

$175/sqft

$230/mo HOA

What's special

Laundry closetWalk-in closet with shelvingEnlarged patioDining area

Modern, efficient and move-in ready end unit townhome built in 2019. Open main level with combination great room with a fireplace, dining area and kitchen with an island and granite countertops. The main level also has the primary bedroom and bathroom, and along the main hallway there is a half-bath and a laundry closet. The second floor has a spacious family room and two bedrooms and a full bathroom. The seller added a walk-in closet with shelving for additional storage space. The one car garage also has shelving added by the seller. The backyard has a privacy fence, an enlarged patio, and the seller installed AstroTurf to reduce maintenance saving $20/month on the mowing fee. Water heater is tankless. Riverbend Middle School around the corner, and the dog park about a block away. Also available is River Bend Park, Trails & Greenway, a Fitness Park, Clubhouse & Pool, a Community Farm & Pocket Parks. See documents section for additional details.

122 days
147
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 1

Primary bedroom

Level: First
Area: 165.6 Square Feet
Dimensions: 13.8 x 12.0

Bedroom 2

Level: Second
Area: 133.38 Square Feet
Dimensions: 11.7 x 11.4

Bedroom 3

Level: Second
Area: 115 Square Feet
Dimensions: 11.5 x 10.0

Dining room

Level: First
Area: 133 Square Feet
Dimensions: 13.3 x 10.0

Family room

Level: Second
Area: 278.4 Square Feet
Dimensions: 23.2 x 12.0

Kitchen

Level: First
Area: 110.4 Square Feet
Dimensions: 13.8 x 8.0

Living room

Level: First
Area: 159.6 Square Feet
Dimensions: 12.0 x 13.3

Heating

Central, Forced Air, Natural Gas

Cooling

Central Air, Electric

Appliances

Included: Dryer, Disposal, Dishwasher, Exhaust Fan, Electric Range, Tankless Water Heater, Vented Exhaust Fan, Washer
Laundry: Laundry Closet, Electric Dryer Hookup

Features

Ceiling Fan(s), High Ceilings, Kitchen Island, Recessed Lighting, Storage, Separate Shower, Bathtub/Shower Combination, Walk-In Shower
Flooring: Carpet, Luxury Vinyl
Windows: Insulated Windows
Number of fireplaces: 1
Fireplace features: Great Room, Prefabricated, Fireplace Screen
Common walls with other units/homes: 1 Common Wall,End Unit,No One Above,No One Below

Interior area

Total structure area: 2,109
Total interior livable area: 2,109 sqft
Finished area above ground: 2,109
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Alley Access, Attached, Detached, Driveway, Garage, Garage Door Opener, Off Street, On Street, Parking Pad
Garage spaces: 1
Uncovered spaces: 1

Features

Levels: Two
Stories: 2
Patio & porch: Front Porch, Patio
Exterior features: Private Yard, Rain Gutters, Fenced Yard
Pool features: Swimming Pool Com/Fee
Fencing: Back Yard,Fenced,Gate,Privacy,Vinyl

Lot

Size: 2,613 Square Feet
Features: Back Yard

Details

Additional structures: Garage(s)
Parcel number: 1736.02 88 5286
Zoning: PD
Special conditions: Standard

Construction

Type & style

Home type: Townhouse
Architectural style: Transitional
Property subtype: Townhouse

Materials

Fiber Cement, Lap Siding
Foundation: Concrete Perimeter, Slab
Roof: Composition,Shingle

Condition

New construction: No
Year built: 2019

Details

Builder name: Chesapeake Homes

Utilities & green energy

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

Community & HOA

Community

Features: Clubhouse, Fitness Center, Park, Playground, Pool, Restaurant, Street Lights, Sidewalks
Subdivision: 5401 North

HOA

Has HOA: Yes
Amenities included: Clubhouse, Dog Park, Fitness Center, Maintenance Grounds, Management, Pool
Services included: Maintenance Grounds
HOA fee: $230 monthly
HOA name: 5401 North/Elite Management
HOA phone: 919-233-7660

Location

Region: Raleigh

Financial & listing details

Price per square foot: $175/sqft
Tax assessed value: $396,022
Annual tax amount: $3,473
Date on market: 6/22/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA,USDA Loan
Ownership type: Townhouse
Road surface type: Asphalt, Alley Paved, Paved

Estimated market value

$366,600

$348,000 - $385,000

$2,113/mo

Price history

Date	Event	Price
7/31/2026	Price change	$369,900-2.4%$175/sqft
Source: Doorify MLS #10169741 Report a problem
7/14/2026	Price change	$379,000-2.6%$180/sqft
Source: Doorify MLS #10169741 Report a problem
6/22/2026	Listed for sale	$389,000+12.8%$184/sqft
Source: Doorify MLS #10169741 Report a problem
4/9/2021	Sold	$345,000+3%$164/sqft
Source: Public Record Report a problem
11/6/2020	Listing removed	$335,000$159/sqft
Source: Chesapeake Homes Report a problem
10/13/2020	Price change	$335,000+7.8%$159/sqft
Source: Chesapeake Homes Report a problem
10/12/2020	Listed for sale	$310,900$147/sqft
Source: Chesapeake Homes Report a problem
7/6/2020	Listing removed	$310,900$147/sqft
Source: Chesapeake Homes Report a problem
5/30/2020	Price change	$310,900+0.3%$147/sqft
Source: Chesapeake Homes Report a problem
5/20/2020	Price change	$310,000-1.6%$147/sqft
Source: Chesapeake Homes Report a problem
4/24/2020	Price change	$315,000-0.6%$149/sqft
Source: Chesapeake Homes Report a problem
3/10/2020	Price change	$317,000+1.3%$150/sqft
Source: Chesapeake Homes Report a problem
10/12/2019	Listed for sale	$312,900$148/sqft
Source: Chesapeake Homes Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,474 +0.4%	$396,022
2024	$3,459 +10.3%	$396,022 +38.6%
2023	$3,135 +7.6%	$285,824
2022	$2,914 +4%	$285,824
2021	$2,801 +1.8%	$285,824
2020	$2,750 +323.8%	$285,824 +410.4%
2019	$649	$56,000
2018	$649	$56,000