NOT LISTED FOR SALE

3605 Morman Springs Ln Raleigh, NC 27610

Tryon Place Neighborhood

Estimated Value: $346,216 - $373,000

4 Beds
3 Baths
1,725 Sq Ft
$208/Sq Ft Est. Value

About This Home

Please note, our homes are available on a first-come, first-serve basis and are not reserved until the lease is signed by all applicants and security deposits are collected.

This home features Progress Smart Home - Progress Residential's smart home app, which allows you to control the home securely from any of your devices. Learn more at

Want to tour on your own? Click the “Self Tour” button on this home’s listing or call to register for a self-guided showing at a time that works best for you.

This stunning rental home in Raleigh, NC offers 4 bedrooms and 3 bathrooms! The front door will lead you into a spacious open floor plan with ceiling fans throughout. You will love being able to host guests in the inviting family room. Entering the kitchen, you will appreciate the large dining area, stainless steel appliances, granite countertops and ample cabinet space for extra storage. The bedrooms do not disappoint as each bedroom includes a closet. Retreat to the master bedroom, which is complete with a private en suite with a separate walk-in shower. Outside, you will appreciate the single car garage and the patio in the fenced backyard, which is for outdoor entertaining. Apply online at today! Utilities must be transferred into the resident’s name.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2018
Sold by
Property Owner 5 Llc
Bought by
Progress Residential Borrower 4 Llc
Current Estimated Value
$358,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,136
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 17, 2018
Sold by
Opendoor Property D Llc
Bought by
Property Owner 5 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000,000
Interest Rate
4.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2018
Sold by
Cobb James A
Bought by
Opendoor Property D Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000,000
Interest Rate
4.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 2015
Sold by
Wilson Parker Homes Of Tryon Place Inc
Bought by
Cobb James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,501
Interest Rate
4.5%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Progress Residential Borrower 4 Llc -- None Available
Property Owner 5 Llc $208,000 None Available
Opendoor Property D Llc $189,000 None Available
Cobb James A $165,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Progress Residential Borrower 4 Llc $379,136
Previous Owner Opendoor Property D Llc $250,000,000
Previous Owner Cobb James A $162,501
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2025 07/13/25 Off Market $2,395 -- --
07/07/2025 07/07/25 Price Changed $2,395 +1.7% $1 / Sq Ft
07/02/2025 07/02/25 Price Changed $2,355 +1.5% $1 / Sq Ft
07/01/2025 07/01/25 Price Changed $2,320 +0.7% $1 / Sq Ft
06/27/2025 06/27/25 Price Changed $2,305 +0.4% $1 / Sq Ft
06/23/2025 06/23/25 Price Changed $2,295 -1.7% $1 / Sq Ft
06/22/2025 06/22/25 Price Changed $2,335 +0.2% $1 / Sq Ft
06/19/2025 06/19/25 Price Changed $2,330 +0.2% $1 / Sq Ft
06/18/2025 06/18/25 Price Changed $2,325 +5.9% $1 / Sq Ft
06/16/2025 06/16/25 For Rent $2,195 0.0% --
05/18/2025 05/18/25 Off Market $2,195 -- --
05/13/2025 05/13/25 Price Changed $2,195 +0.2% $1 / Sq Ft
05/11/2025 05/11/25 Price Changed $2,190 +0.2% $1 / Sq Ft
05/11/2025 05/11/25 Price Changed $2,185 +2.6% $1 / Sq Ft
05/05/2025 05/05/25 For Rent $2,130 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,986 $341,519 $75,000 $266,519
2023 $2,444 $222,424 $42,000 $180,424
2022 $2,272 $222,424 $42,000 $180,424
2021 $2,184 $222,424 $42,000 $180,424
2020 $2,145 $222,424 $42,000 $180,424
2019 $1,891 $161,465 $34,000 $127,465
2018 $1,784 $161,465 $34,000 $127,465
2017 $1,700 $161,465 $34,000 $127,465
2016 $1,681 $162,995 $34,000 $128,995
2015 -- $30,000 $30,000 $0
Source: Public Records

Map

North Carolina Wake County Raleigh 27529 Tryon Place

3605 Morman Springs Ln, Raleigh, NC

This home is located at 3605 Morman Springs Ln, Raleigh, NC 27610 and is currently estimated at $358,054, approximately $207 per square foot. 3605 Morman Springs Ln is a home located in Wake County with nearby schools including Middle Creek Elementary School, Holly Ridge Middle School, and Middle Creek High.

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