Seller offering a mortgage buy down. Discover incredible value in one of Midtown Raleigh's most sought after neighborhoods. This beautifully maintained Lakemont home offers 1,558 sq ft of flexible living space, freshly painted interiors, and a prime location just minutes from North Hills, and top dining and shopping. Step inside to a bright, welcoming layout with multiple living areas that offer versatility for today's lifestyle--perfect for a home office, playroom, or cozy den. The kitchen features timeless white cabinetry, granite counters, and a functional design that opens to the dining area for easy everyday living. The home includes three spacious bedrooms and three full baths, providing comfort and privacy for family or guests. The primary suite features an updated bath and great natural light. Fresh interior paint throughout creates a clean, move in ready feel. Outside, enjoy a large backyard with mature trees and space for gardening, pets, or outdoor entertaining. The lot offers privacy and character, with room to personalize and make it your own. The exterior brick provides classic charm and a durable, low maintenance finish. Additional highlights include: •Quiet street in a walkable, established neighborhood • Minutes to North Hills, Midtown East, and major commuter routes • Updated kitchen and baths • Garage & extra parking • extra storage 10 x 8 shed and a pull-down attic space • Fresh interior paint (2024) A rare opportunity to own a well maintained home in Lakemont at an exceptional price. Move in now and update over time, or enjoy it as-is in one of Raleigh's most desirable locations. Seller offering up to $10,000 toward a 2-1 mortgage rate buy-down or buyer's closing costs with acceptable offer. Listing agent is a partial owner in the home.
Pending
Price cut: $25K (5/6)
$639,000
531 Princeton St, Raleigh, NC 27609
3beds
1,558sqft
Est.: Get pre-qualified
Single Family Residence, Residential
Built in 1965
0.27 Acres Lot
$625,300 Zestimate®
$410/sqft
$-- HOA
What's special
- 51 days |
- 785 |
- 47 |
Zillow last checked:
Listing updated:
Listed by:
John Salisbury 919-801-3381,
Capstone Real Estate Services
Source: Doorify MLS,MLS#: 10159544
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas Pack, Natural Gas
Cooling
- Central Air, Gas
Appliances
- Included: Dishwasher, Disposal, Exhaust Fan, Free-Standing Electric Range, Free-Standing Refrigerator, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Tankless Water Heater, Vented Exhaust Fan, Washer/Dryer
- Laundry: Electric Dryer Hookup, In Garage, Washer Hookup
Features
- Bathtub/Shower Combination, Bookcases, Crown Molding, Double Vanity, Granite Counters, Laminate Counters, Open Floorplan, Radon Mitigation, Recessed Lighting, Smooth Ceilings, Storage, Wet Bar
- Flooring: Ceramic Tile, Hardwood, Laminate
- Doors: Storm Door(s)
- Windows: Blinds, Double Pane Windows, Insulated Windows, Plantation Shutters, Screens
- Has fireplace: No
Interior area
- Total structure area: 1,558
- Total interior livable area: 1,558 sqft
- Finished area above ground: 1,558
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Attached, Concrete, Driveway, Garage, Off Street, Oversized
- Attached garage spaces: 1
- Uncovered spaces: 3
Accessibility
- Accessibility features: Level Flooring
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch, Patio, Porch, Other
- Exterior features: Courtyard, Fenced Yard, Fire Pit, Lighting, Private Yard, Rain Gutters, Storage, Uncovered Courtyard
- Pool features: Swimming Pool Com/Fee, None, Community
- Fencing: Back Yard, Chain Link, Fenced, Wood, Wrought Iron
- Has view: Yes
Lot
- Size: 0.27 Acres
- Features: Back Yard, Front Yard, Landscaped, Sloped Down, Sloped Up
Details
- Additional structures: Shed(s)
- Parcel number: 171617020249000 0020463
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch, Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Attic/Crawl Hatchway(s) Insulated, Blown-In Insulation, Brick Veneer, Fiber Cement, HardiPlank Type, Vinyl Siding
- Roof: Shingle, Asphalt, Membrane
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Park, Playground, Pool, Sidewalks, Street Lights, Tennis Court(s), Other
- Subdivision: Lakemont
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $410/sqft
- Tax assessed value: $516,061
- Annual tax amount: $4,520
- Date on market: 4/16/2026
- Road surface type: Asphalt
Estimated market value
$625,300
$594,000 - $657,000
$2,780/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Pending sale | $639,000$410/sqft |
Source:  Doorify MLS #10159544 Report a problem | ||
| 5/6/2026 | Price change | $639,000-3.8%$410/sqft |
Source: Doorify MLS #10159544 Report a problem | ||
| 4/29/2026 | Price change | $664,000-4.5%$426/sqft |
Source: Doorify MLS #10159544 Report a problem | ||
| 4/17/2026 | Listed for sale | $695,000+202.3%$446/sqft |
Source: Doorify MLS #10159544 Report a problem | ||
| 5/5/2011 | Listing removed | $229,900+14.4%$148/sqft |
Source: Wieland Properties, Inc #1728670 Report a problem | ||
| 11/5/2010 | Sold | $201,000-12.6%$129/sqft |
Source: Public Record Report a problem | ||
| 9/22/2010 | Price change | $229,900-3.6%$148/sqft |
Source: Wieland Properties, Inc. #1728670 Report a problem | ||
| 5/30/2010 | Listed for sale | $238,500-8.2%$153/sqft |
Source: Wieland Properties, Inc #1728670 Report a problem | ||
| 1/23/2010 | Listing removed | $259,900$167/sqft |
Source: Howard Perry and Walston Builder Services #1675163 Report a problem | ||
| 7/18/2009 | Listed for sale | $259,900$167/sqft |
Source: Howard Perry and Walston Builder Services #1675163 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,521 +0.4% | $516,061 |
| 2024 | $4,502 +24% | $516,061 +55.7% |
| 2023 | $3,632 +7.6% | $331,382 |
| 2022 | $3,375 +4% | $331,382 |
| 2021 | $3,244 | $331,382 |
| 2020 | -- | $331,382 +40.7% |
| 2019 | -- | $235,501 |
| 2018 | -- | $235,501 |
| 2017 | $2,470 +2.1% | $235,501 |
| 2016 | $2,419 | $235,501 -3.6% |
| 2015 | -- | $244,397 |
| 2014 | $2,419 | $244,397 |
| 2013 | -- | $244,397 |
| 2012 | -- | $244,397 |
| 2011 | -- | $244,397 |
| 2010 | -- | $244,397 +25% |
| 2009 | -- | $195,496 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Falls of Neuse
Nearby schools
GreatSchools rating
- 4/10Douglas ElementaryGrades: PK-5Distance: 0.2 mi
- 5/10Carroll MiddleGrades: 6-8Distance: 0.7 mi
- 6/10Sanderson HighGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Wake - Douglas
- Middle: Wake - Carroll
- High: Wake - Sanderson
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Raleigh
- 27609
- Falls of Neuse
- 531 Princeton St
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