NOT LISTED FOR SALE

516 Madison Ave Cary, NC 27513

South Cary Neighborhood

Estimated Value: $257,000 - $443,000

3 Beds
1 Bath
900 Sq Ft
$382/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • No HOA
  • 1-Story Property
  • Weatherstone Elementary School Rated A
  • Living Room
  • Central Air

About This Home

As of April 2024

Updated cozy brick home just a few blocks from bustling downtown Cary. All Hardwood floors, fresh paint, granite counters, stainless steel appliances with gas stove. Washer and dryer included.

Last Agent to Rent the Property

Debbie Dixon

Clark Properties of Raleigh, L License #276320 Listed on: 03/12/2024

Last Renter's Agent

Ron Carter

RUTH PAYNE REAL ESTATE SERVICE License #174805

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 0.32

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Wood Flooring
  • Laundry in unit

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Private Driveway
  • Off-Street Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $1,695
  • Property Available on 3/12/24
  • Tenant pays for electricity, gas, hot water, water
  • 12 Month Lease Term

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

0

Rental Info

  • Tenant Pays: Electricity, Gas, Hot Water, Water
  • Lease Term: 12 Months
  • Available Date: 2024-03-12

Listing Details

  • Year Built: 1961
  • Prop. Type: Residential Lease
  • Above Grade Finished Sq Ft: 900.0
  • Unit Levels: One
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Flooring Wood: Yes
  • Contract Information Lease Term: 12 Months
  • Contract Information Availability Date: 2024-03-12
  • Contract Information Security Deposit2: 1695.0
  • General Property Information Above Grade Finished Area: 900.0
  • General Property Information:Living Area3: 900.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood
  • Appliances: Dishwasher, Microwave, Refrigerator, Self Cleaning Oven
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Appliances Dishwasher: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Laundry Features:In Unit: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Off Street
  • Parking Features:Driveway: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2023
Sold by
Oboyle William Patrick
Bought by
516 Madison Avenue Properties Llc
Current Estimated Value
$343,655

Purchase Details

Closed on
Oct 1, 2014
Sold by
Smith Naill Christopher D
Bought by
Boyle Iii William Patrick O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,645
Interest Rate
3.29%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 9, 2012
Sold by
Cdsn Properties Llc
Bought by
Smith Naill Christopher D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,800
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2011
Sold by
Cdsn Properties Llc
Bought by
Smith Naill Christopher David

Purchase Details

Closed on
Sep 24, 2008
Sold by
Smith Naill Christopher D
Bought by
Cdsn Properties Llc

Purchase Details

Closed on
Jun 6, 2008
Sold by
Pennell Joseph and Pennell Linda
Bought by
Smith Naill Christopher D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
516 Madison Avenue Properties Llc -- None Listed On Document
Boyle Iii William Patrick O $130,000 None Available
Smith Naill Christopher D -- None Available
Smith Naill Christopher David -- None Available
Cdsn Properties Llc -- None Available
Smith Naill Christopher D $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boyle Iii William Patrick O $124,645
Previous Owner Smith Naill Christopher D $78,800
Previous Owner Smith Naill Christopher D $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2024 04/05/24 Rented $1,695 0.0% --
03/12/2024 03/12/24 For Rent $1,695 -- --
Source: Doorify MLS

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
2025 $2,654 $307,368 $205,000 $102,368
2024 $2,597 $307,368 $205,000 $102,368
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2024

    Debbie Dixon

    Clark Properties of Raleigh, L

    Section Image

  • R

    Tenant's Agent in 2024

    Ron Carter

    RUTH PAYNE REAL ESTATE SERVICE

    (919) 368-1727

    1 Total Sale

    Ron Carter
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 10016599

Doorify MLS

APN: 0764.17-12-3171-000

North Carolina Wake County Cary 27513 South Cary

516 Madison Ave, Cary, NC

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

Nearby Homes