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HomesteadThe neighbourhood people
Under contractSingle-family11 days on market

308 Watauga Street

Mordecai · Raleigh, NC 27604

$555,000

$334 per sq ft

  • 3bedrooms
  • 2bathrooms
  • 1,660sq ft
  • 0.13acre lot
  • 1925built
  • NoneHOA / mo

Bungalow with a screened side porch, under contract in eleven days

Original floors and trim, a working wood-burning fireplace, and a screened porch down the side of the house that acts as a second living room from March to November. Kitchen updated 2020. Under contract — we can show it as a backup and tell you what it took to win it.

  • Screened side porch
  • Kitchen updated 2020
  • Working wood-burning fireplace
  • Under contract in 11 days

What this house has

  • Hardwood floors
  • Fireplace
  • Screened porch
  • No HOA
  • Fenced yard

The numbers

Full specification for 308 Watauga Street, Raleigh, NC 27604
Listing IDHS-1023
Property typeSingle-family
StyleBungalow
StatusUnder contract
Bedrooms3
Bathrooms2 (2 full)
Interior1,660 sq ft
Price per sq ft$334
Lot0.13 acre
Year built1925
HOA / condo feeNone
Estimated tax rate1.0075% of value per year
Listed onAugust 24, 2026
Days on market11
CountyWake County, NC
Coordinates35.7944, -78.6339

Mordecai

A small pocket north of downtown built mostly between 1910 and 1950, with a mix of one-storey cottages, bungalows and a growing number of narrow infill houses on split lots.

  • Housing stock Cottages and bungalows of 950–1,900 sq ft alongside three-storey infill builds of 1,900–2,600 sq ft dating from 2015 onward.
  • Typical lot 0.10–0.20 acre; several original lots have been subdivided
  • Getting about About 1.5 miles to downtown Raleigh; 25 minutes to RTP at peak.
Everything about Mordecai

Assigned schools

These are the base schools currently assigned to this address by Wake County Public School System. We list assignment as a fact and nothing more — we do not rate, rank or compare schools, and no one at Homestead will, because doing so is how housing discrimination happens in practice. Judge them yourself.

  • ElementaryConn Elementary
  • MiddleLigon Middle
  • HighEnloe High
  • DistrictWake County Public School System

Attendance areas are reassigned periodically and a base assignment can change before you close. Verify the current assignment directly with Wake County Public School System before you rely on it.

What this would cost a month

Change any number. Nothing here is a quote — it is arithmetic.

$3,984

estimated total monthly ·$499,500 borrowed

Principal and interest
$3,141
Property tax
$466
Homeowner’s insurance
$148
HOA / condo fee
$0
Mortgage insurance (PMI)
$229

Under 20% down, so private mortgage insurance is included at an estimated 0.55% of the loan a year. On a conventional loan it comes off automatically once you reach 78% loan-to-value, and you can usually request removal at 80%. On most FHA loans it stays for the life of the loan.

10%

Over the full term you would pay about $631,178 in interest, assuming you never pay extra and never refinance.

Estimates only. Actual rates depend on credit, loan type and the day. Wake County property tax is reassessed on a four-year cycle, so a recent revaluation can move the tax line. Talk to a lender for a real quote — we can introduce you to three.

Scored on this data, not hand-picked

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