$725,885 - $783,000
RENTED JUN 14, 2025

748 Newstead Way Morrisville, NC 27560

5 Beds
3.5 Baths
2,950 Sq Ft
$253 Price per Sq Ft

Highlights

  • Deck
  • Wood Flooring
  • No HOA
  • Cedar Fork Elementary Rated A
  • Granite Countertops
  • 2 Car Attached Garage

About This Home

As of June 2025

Beautiful RTP area home with Main floor Guest suite! 2-story foyer, engineered hardwoods throughout main floor, dining room with tray ceiling & heavy trim. Large kitchen w/ granite, gas cooktop, tile backsplash, island, pantry & eat-in. Mudroom bench. Large Primary suite with sitting room. Primary bath has dual vanities, separate shower and soaking tub. Jack & Jill bed/bath. Additional upstairs bedroom with en-suite bath. Upstairs loft. Private backyard with no homes at the back. Quick access to RTP, RDU and Hwy 40 & 540!

Last Agent to Rent the Property

Philo Matthews

Real Triangle Properties LLC License #245675 Listed on: 05/18/2025

Co-Listed By

Joe Matthews

Real Triangle Properties LLC License #134224

Last Renter's Agent

Philo Matthews

Rentingdirectly.Com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,839

Year Built

  • Built in 2012

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • 2 Open Parking Spaces

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,950 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Laundry in unit

Kitchen

  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Deck

Schools

  • Cedar Fork Elementary School
  • West Cary Middle School
  • Panther Creek High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • No Home Owners Association
  • Town Hall Commons Subdivision

Listing and Financial Details

  • Security Deposit $2,995
  • Property Available on 4/16/24
  • Tenant pays for cable TV, electricity, gas, sewer, water
  • The owner pays for association fees, common area maintenance

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,839

Year Built

Built in 2012

Lot Details

0

Parking

2

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Water, Other
  • Lease Term: Other
  • Owner Pays: Association Fees, Common Area Maintenance
  • Available Date: 2024-04-16

Listing Details

  • Year Built: 2012
  • Prop. Type: Residential Lease
  • Co List Office Mls Id: 1410
  • Co List Office Phone: 919-380-7325
  • Subdivision Name: Town Hall Commons
  • Above Grade Finished Sq Ft: 2950.0
  • Entry Level: 1
  • Unit Levels: Two
  • General Property Information Basement YN: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Room Types Primary Bedroom Level: Second
  • Flooring Wood: Yes
  • General Property Information Enhanced Accessible2: No
  • Contract Information Lease Term: Other
  • Contract Information Availability Date: 2024-04-16
  • Contract Information Security Deposit2: 2995.0
  • General Property Information Above Grade Finished Area: 2950.0
  • Pets Allowed Cats OK: Yes
  • Pets Allowed Dogs OK: Yes
  • Pets Allowed No2: Yes
  • Pets Allowed Breed Restrictions: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Crown Molding, Granite Counters, Kitchen Island
  • Appliances: Dishwasher, Disposal, Freezer, Vented Exhaust Fan
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Entry Location: Foyer
  • Total Bedrooms: 1
  • Appliances Dishwasher: Yes
  • Interior Features:Granite Counters: Yes
  • Appliances:Vented Exhaust Fan: Yes
  • Interior Features:Crown Molding: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Kitchen Island: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Fencing: None
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Attached, Garage, Garage Faces Front
  • Total Parking Spaces: 4.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Faces Front: Yes
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • HOA Rent Includes: None
  • Association: No

Association/Amenities

  • Owner Pays:Association Fees: Yes
  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Panther Creek
  • Middle Or Junior School: Wake - West Cary

MLS Schools

  • Elementary School: Wake - Cedar Fork

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2012
Sold by
Pulte Home Corporation
Bought by
Rengasamy Kartikeyan and Loganathansivaprakasam Ramya
Current Estimated Value
$747,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,740
Outstanding Balance
$168,440
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$579,281
Source: Public Records

Range of Values:

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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
Rengasamy Kartikeyan $306,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rengasamy Kartikeyan $244,740
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2025 06/14/25 Rented $2,995 0.0% --
05/18/2025 05/18/25 For Rent $2,995 0.0% --
07/01/2024 07/01/24 Under Contract -- -- --
07/01/2024 07/01/24 For Rent $2,995 0.0% --
06/01/2024 06/01/24 Rented $2,995 0.0% --
04/16/2024 04/16/24 Price Changed $2,995 0.0% $1 / Sq Ft
04/16/2024 04/16/24 For Rent $2,995 -- --
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 $5,839 $665,317 $185,000 $480,317
2024 $5,815 $665,317 $185,000 $480,317
2023 $4,666 $443,707 $96,000 $347,707
2022 $4,499 $443,707 $96,000 $347,707
2021 $4,280 $443,707 $96,000 $347,707
2020 $4,280 $443,707 $96,000 $347,707
2019 $4,223 $376,150 $80,000 $296,150
2018 $3,974 $376,150 $80,000 $296,150
2017 $3,825 $376,150 $80,000 $296,150
2016 $3,746 $376,150 $80,000 $296,150
2015 $3,599 $349,381 $78,000 $271,381
2014 $3,427 $349,381 $78,000 $271,381
Source: Public Records

Agents Affiliated with this Home

  • Philo Matthews

    Landlord's Agent in 2025

    Philo Matthews

    Real Triangle Properties LLC

    (919) 656-6783

    19 in this area

    91 Total Sales

    Philo Matthews
    Section Image
  • Joe Matthews

    Landlord's Co-Listing Agent in 2025

    Joe Matthews

    Real Triangle Properties LLC

    (919) 244-7733

    26 in this area

    380 Total Sales

    Joe Matthews
    Section Image
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Map

Source: Doorify MLS

MLS Number: 10097139

Doorify MLS

APN: 0745.07-59-0469-000

North Carolina Wake County Morrisville 27560

748 Newstead Way, Morrisville, NC

This home is located at 748 Newstead Way, Morrisville, NC 27560 since 18 May 2025 and is currently priced at $747,721. This property was built in 2012. 748 Newstead Way is a home located in Wake County with nearby schools including Cedar Fork Elementary, West Cary Middle School, and Panther Creek High School.

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