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⚠️ PLEASE DO NOT CONTACT LISTING AGENT — We have a signed Contract (Form 2-T) directly with the Seller.
2602 Wade Ave, Raleigh, NC 27607
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,251 sq ft
Year Built: 1957
Lot Size: 0.41 acres / 17,860 sq ft
Utilities: City Water & Sewer
Occupancy at Closing: Not specified
Closing Date: 10/12/26
Closing Attorney: Atlas Orange
Asking Price: $385,000
Tax value is $542,673 with annual taxes of $4,753 (Parcel ID 0794.12-86-7595-000, zoned R-4).
COMPARABLE SALES
| Address | Home Size | $/sqft | Price | Status | Beds |
| 225 Georgetown Rd | 1,427 sq ft | $529 | $755,000 | Sold | 3 |
| 1511 Hanover St | 1,360 sq ft | $533 | $725,000 | Sold, renovated | 3 |
| 710 Graham St | 1,375 sq ft | $491 | $675,000 | Sold | 3 |
| 3406 Leonard St | 1,497 sq ft | $451 | $675,000 | Sold | 3 |
| ⭐2602 Wade Ave (SUBJECT) | 1,251 sq ft | $308 | $385,000 | Asking | 3 |
Comp Average: ~$707,500 (~$501/sq ft)
Our Price: $385,000 ($308/sq ft)
Spread: ~$322,500
OVERVIEW
This 3 bed/2 bath home on 0.41 acres in the highly sought-after Five Points/Cameron Village corridor of Raleigh is priced at $385,000 — a $322,500 spread to the comp average of $707,500. At $308/sq ft, this property is priced well under every comp in the immediate area. Five Points has seen a well-established pattern of builders acquiring smaller homes, tearing them down, and building larger new homes in their place, with properties in the neighborhood typically ranging from $795,000 to over $1.8 million. The area sits just 2 miles from downtown Raleigh, minutes from Wade Ave, I-440, and I-40, with the vibrant Village District (formerly Cameron Village) and Five Points’ own restaurants and shops close by.
Source: Carolina Collective Realty — Five Points Neighborhood Guide, LuxuryMovers — Five Points Homes
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.