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OVERVIEW
5109 Lady Of The Lake Dr, Raleigh, NC 27612
This 4 bed/3.5 bath townhome in the Glenwood North Townhomes community is priced at $365,000 — roughly $59,400 below the average of seven comparable sales, pendings, and active listings in the same community, which are averaging $424,400 (~$187/sq ft). At $157/sq ft, this is priced well under every comp in the immediate area. With a roof under 3 years old, an operational HVAC system, a water heater under 10 years old, and all appliances staying with the property, this is a well-maintained, move-in-ready opportunity. The home will be vacant at closing.
Comp Avg (7 Comps): ~$424,400 (~$187/sq ft)
Our Price: $365,000 ($157/sq ft)
Spread: ~$59,400
DETAILS
Type: Townhome
Bedrooms / Baths: 4 bed / 3.5 bath
Living Area: 2,324 sq ft
Year Built: 2006
Lot Size: 2,178 sq ft
Utilities: City water & sewer
HOA: $180/month (2-year owner-occupancy HOA rental restriction)
Occupancy at Closing: Vacant at closing
Closing Date: 08/10/26
Closing Attorney: McCollum Law, Raleigh NC
CONDITION
- Roof less than 3 years old
- HVAC operational
- Water heater less than 10 years old
- All appliances stay with the property
COMPARABLE SALES
For Sale:
6102 Braidwood Ct — 2,269 sq ft — $435,000 ($192/sq ft)
6140 Braidwood Ct — 2,301 sq ft — $425,000 ($185/sq ft)
Pending:
4920 Lady Of The Lake Dr — 1,832 sq ft — $420,000 ($229/sq ft)
5813 Cameo Glass Way — 2,330 sq ft — $425,000 ($182/sq ft)
Closed:
5817 Cameo Glass Way — 2,259 sq ft — $418,000 ($185/sq ft) — Sold June 2026
5826 Cameo Glass Way — 2,260 sq ft — $418,000 ($185/sq ft) — Sold April 2026
5911 Longeria Ct — 2,317 sq ft — $430,000 ($186/sq ft) — Sold June 2026
Comp Average: ~$424,400 (~$187/sq ft)
Our Price: $365,000 ($157/sq ft)
Spread: ~$59,400
At $157/sq ft, this property is priced well under every single comp in the Glenwood North community — a nearly $60,000 spread to the average, with a vacant, move-in-ready condition and recent roof/HVAC/water heater updates already in place.
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.