Newer Townhome in Trace at Olde Towne with Pool, Clubhouse & Minutes to I-40
A recently built two-story townhome on a quiet residential street in Southeast Raleigh's Trace at Olde Towne community. The main level opens into a bright, connected living and dining area that flows into the kitchen; an easy layout for both everyday routines and entertaining.
The kitchen features granite counters, a center island, and a pantry. The main floor includes a convenient half bath for guests. Upstairs, the primary suite offers a private full bath and walk-in closet, and an additional bedroom and a second full bath down the hall. Laundry is located on the upper level, with a washer and dryer included. Why pay extra membership fees for clubs (fitness, swimming, etc) when you have all the amenities included?
Features:
- Modern finishes, low maintenance.
- Central heating and air conditioning.
- Luxury vinyl plank flooring on the main floor.
- Lawn care and exterior maintenance are handled by the HOA.
- Clubhouse with swimming pools (outdoor and indoor) and a fitness center.
- Tennis. racketball and sand Volleyball court.
- BBQ Areas.
- Two Dog parks.
- Walking trails throughout the community of Trace at Olde Towne.
- Close to Parks: Historic Oak View County Park and Neuse River Greenway Trail.
- Close to Coastal Credit Union Music Park at Walnut Creek (5 min)
- 15 minutes from Downtown Raleigh
Lease Term: 12-month minimum (Standard NC Lease)
Monthly Rent: $1,765/mo
Security Deposit: $2000 (due at signing).
Pet & Assistance Animal Policy
A maximum of two (2) household pets are permitted with prior written approval from Landlord.
All pets must weigh under 40 lbs
A non-refundable pet deposit of $500 is required prior to move-in
A monthly pet rent of $50 per pet will be added to the monthly rental amount
Assistance Animals (Service Animals & Emotional Support Animals)
Assistance animals are not subject to pet deposits, pet rent, or weight restrictions. Tenant requesting an assistance animal accommodation must submit a written reasonable accommodation request accompanied by documentation from a licensed healthcare provider that verifies:
1) That the tenant has a disability as defined under the Fair Housing Act, and That there is a disability-related need for the animal
2) Landlord reserves the right to engage in an interactive process to evaluate the request in good faith and in accordance with applicable law
3) Landlord will not request medical records or a specific diagnosis
4) Fraudulent representation of an animal as an assistance animal may constitute grounds for lease termination in accordance with NC General Statutes
Security Deposit Notice: The security deposit for this property ranges from $2000 to two (2) months' rent. The deposit amount required of an approved applicant is determined by objective screening criteria applied uniformly to all applicants, including credit history and verified income stability. The maximum deposit will not exceed two months' rent, consistent with N.C. Gen. Stat. 42-51. Equal Housing Opportunity.
Sold for $231,000
$231,000
5031 Microcline Trl, Raleigh, NC 27610
2beds
1,400sqft
Townhouse
Built in ----
-- sqft lot
$265,000 Zestimate®
$165/sqft
$1,801 Estimated rent
Home value
$265,000
$249,000 - $284,000
$1,801/mo
Zestimate® history
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List your homeWhat's special
Modern finishesCenter islandKitchen features granite countersQuiet residential streetWalk-in closetTwo dog parksAdditional bedroom
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air
Cooling
- Air Conditioner, Central Air
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave Oven, Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Walk In Closet
- Flooring: Carpet, Hardwood, Tile
Interior area
- Total interior livable area: 1,400 sqft
Property
Parking
- Parking features: Off Street
- Details: Contact manager
Features
- Exterior features: Playground, Racketball / Pickleball Courts, Tennis Court(s)
Details
- Additional structures: Tennis Court(s)
- Parcel number: 1732033907
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Community & HOA
Community
- Features: Clubhouse, Fitness Center, Playground, Tennis Court(s)
- Deposit fee: $2,000
HOA
- Amenities included: Clubhouse, Dog Park, Fitness Center, Game Room, Tennis Court(s)
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $165/sqft
- Tax assessed value: $276,955
- Annual tax amount: $2,435
- Date on market: 9/8/2026
- Lease term: 1 Year
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2026 | Listing removed | $1,765$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/14/2026 | Price change | $1,765-6.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/23/2026 | Price change | $1,885+6.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/8/2026 | Listed for rent | $1,765$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/7/2026 | Sold | $231,000-19.9%$165/sqft |
Source: Public Record Report a problem | ||
| 4/10/2024 | Sold | $288,500$206/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,435 +409.8% | $276,955 +403.6% |
| 2024 | $478 -21.7% | $55,000 -1.8% |
| 2023 | $610 | $56,000 |
Find assessor info on the county website
Neighborhood: 27610
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Nearby schools
GreatSchools rating
- 3/10Walnut Creek Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 4/10East Garner MiddleGrades: 6-8Distance: 2.9 mi
- 4/10Southeast Raleigh HighGrades: 9-12Distance: 2.5 mi
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Estimated market value
$265,000
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Estimated market value