8502 Red Canyon Way
Raleigh, NC 27616
3 bd 3 ba 1,953 sqft Built 2021 Lot 1,742 sqft townhomes
Most recent sale
$331,260
Mar 4, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 7, 2024 | Price changed | $356,900 | TriangleAreaNC |
| Mar 1, 2024 | Price changed | $358,400 | TriangleAreaNC |
| Jan 8, 2024 | Listed | $359,900 | TriangleAreaNC |
| Mar 4, 2022 | Sold | $331,260 | TriangleAreaNC |
| Oct 18, 2021 | Sold | $288,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $247,660 | $70,000 | $317,660 | $2,397 |
| 2024 | $270,661 | $70,000 | $340,661 | $2,978 |
| 2023 | $241,146 | $35,000 | $276,146 | $3,029 |
| 2022 | — | $35,000 | $35,000 | $2,429 |
| 2021 | — | $35,000 | $35,000 | $340 |
Property facts
Year built
2021
Property type
townhomes
Stories
3
Beds
3
Baths
3
Living area
1,953 sqft
Lot size
1,742 sqft
ZIP code
27616
City
Raleigh
Street
Red Canyon Way
Coordinates
35.89532, -78.55345
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,637
Gross rental yield
9.55%
Implied cap rate
6.21%
Trend-extrapolated value
—
Frequently asked questions
When did 8502 Red Canyon Way last sell?
8502 Red Canyon Way most recently sold on Mar 4, 2022 for $331,260.
What is the current tax assessment for 8502 Red Canyon Way?
The most recent total assessment for 8502 Red Canyon Way (year 2025) is $317,660 with $2,397 in property tax.
How does 8502 Red Canyon Way's assessment compare to its last sale price?
The current assessment is 4.1% below the last sale price of $331,260.
When was 8502 Red Canyon Way built?
8502 Red Canyon Way was built in 2021.
How does 8502 Red Canyon Way compare to others on Red Canyon Way?
We track 8 other properties on Red Canyon Way. Browse the list under "Other properties on Red Canyon Way" to compare beds, baths, and sale history.
What are the property facts for 8502 Red Canyon Way?
8502 Red Canyon Way is a 3 bed, 3 bath, 1,953 sqft, 1,742 sqft lot townhomes.
Is 8502 Red Canyon Way a flip candidate?
No — 8502 Red Canyon Way does not appear in our flips dataset.
Is 8502 Red Canyon Way a tax-appeal candidate?
No — 8502 Red Canyon Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.5%
Implied 1-yr
-5.9%
2026 Q3
$377.4K
2026 Q4
$371.2K
ZIP 27616 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Red Canyon Way