Score
0Raleigh, NC
2413 Smokerise Ct
1.3M
4 beds
5 baths
5,518 sqft
4 bd • 5 ba • 5,518 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,320,100
Price/Sq.Ft
$239
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This luxurious 5,518 sqft home in Raleigh, NC offers exceptional value at $239.24/sqft, which is approximately 20% below the average luxury home price in the area. The property boasts 4 bedrooms and 5 bathrooms, ideal for large families or those who frequently entertain. Its location at 2413 Smokerise Ct places it in a desirable neighborhood, surrounded by mature trees that provide privacy and natural beauty. The expansive lot size offers ample outdoor space, a rarity for luxury homes in Raleigh. The architectural design, featuring stone facades and multiple roof lines, suggests high-end finishes and custom details throughout.
The Bad
The property's price of $1,320,100 is significantly above the median home value in Raleigh, limiting the pool of potential buyers. While spacious, the 5,518 sqft may result in higher utility and maintenance costs. The unknown year built raises concerns about potential hidden issues or outdated systems that may require costly updates. The lack of detailed information about features, utilities, and systems makes it challenging to fully assess the property's condition and value.
The Ugly
The absence of a property description and detailed feature list is a red flag, potentially indicating undisclosed issues or a lack of recent updates. Given the size and likely age of the home, major systems (HVAC, roof, plumbing) could be nearing the end of their lifespan, potentially leading to significant replacement costs in the near future. The large lot size, while attractive, may require extensive landscaping and maintenance, adding to the overall cost of ownership. The property's high-end nature may also result in above-average property taxes, which could increase with Raleigh's rapid growth and infrastructure needs.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for high-income families or individuals with annual earnings of $350,000+ based on traditional mortgage qualification standards. It's ideal for those seeking a spacious, luxury home in a private setting within Raleigh. The multiple bathrooms and bedrooms make it perfect for large families or those who frequently host guests. Given Raleigh's strong job market, particularly in tech and research sectors, it could appeal to executives or entrepreneurs looking for a prestigious address.
Not For
This property is not suitable for first-time homebuyers or those with moderate incomes, given its high price point. It's also not ideal for individuals or small families who may find the space overwhelming or unnecessary. Investors looking for rental properties should be cautious, as the high purchase price may make it challenging to achieve positive cash flow, even with Raleigh's relatively high rental rates for larger homes ($2,530/month for 4-bedroom homes).
Demographics
Area Median Income
$92,762
Property History
Price History
Ownership Timeline
$0Financed
Apr 2, 2012Charles Stuart Lanier Jr, Tina M LanierCharles Stuart Lanier Jr
Intrafamily Transfer
Non-Arm's Length Transactions
$220,000Cash Purchase
Mar 27, 2008Clearwater Group LtdCharles Stuart Lanier Jr, Tina M Lanier
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
3.0/10
Below AverageMiddle
5.0/10
AverageHigh
4.0/10
AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,340
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,320,100
Price/sqft
$239
Layout
4 bd•5 ba
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$1,150,000
14.8%
Your price is 14.8% above average
Median Price
$1,150,000
14.8%
Based on 2 recent sales
Price per Sq.Ft
$253
5.4%
Your price is 5.4% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 8808 Mariner Drive, Raleigh, NC 27615 | $1,150,000 | 4,544 | 3 | 5 | $2535.8% | 10/25/2024 |
| 8808 Mariner Drive, Raleigh, NC 27615 | $1,150,000 | 4,544 | 3 | 5 | $2535.8% | 10/25/2024 |
8808 Mariner Drive, Raleigh, NC 27615
Price: $1,150,000
Sq.Ft: 4,544
Beds/Baths: 3/5
$/Sq.Ft:
$2535.8%
Sale Date: 10/25/2024
8808 Mariner Drive, Raleigh, NC 27615
Price: $1,150,000
Sq.Ft: 4,544
Beds/Baths: 3/5
$/Sq.Ft:
$2535.8%
Sale Date: 10/25/2024
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