8722 Red Canyon Way
Raleigh, NC 27616
3 bd 3 ba 2,058 sqft Built 2021 Lot 1,742 sqft townhomes
Most recent sale
$276,500
Sep 30, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 12, 2024 | Listed | $360,000 | TriangleAreaNC |
| Sep 30, 2021 | Sold | $276,500 | Public Record |
| Mar 1, 2021 | Sold | $864,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $256,325 | $70,000 | $326,325 | $2,865 |
| 2024 | $280,716 | $70,000 | $350,716 | $3,065 |
| 2023 | $248,871 | $35,000 | $283,871 | $3,114 |
| 2022 | — | $35,000 | $35,000 | $2,894 |
| 2021 | — | $35,000 | $35,000 | $340 |
Property facts
Year built
2021
Property type
townhomes
Stories
3
Beds
3
Baths
3
Living area
2,058 sqft
Lot size
1,742 sqft
ZIP code
27616
City
Raleigh
Street
Red Canyon Way
Coordinates
35.89697, -78.55352
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,778
Gross rental yield
12.06%
Implied cap rate
7.84%
Trend-extrapolated value
—
Frequently asked questions
When did 8722 Red Canyon Way last sell?
8722 Red Canyon Way most recently sold on Sep 30, 2021 for $276,500.
What is the current tax assessment for 8722 Red Canyon Way?
The most recent total assessment for 8722 Red Canyon Way (year 2025) is $326,325 with $2,865 in property tax.
How does 8722 Red Canyon Way's assessment compare to its last sale price?
The current assessment is 18.0% above the last sale price of $276,500.
When was 8722 Red Canyon Way built?
8722 Red Canyon Way was built in 2021.
How does 8722 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 8722 Red Canyon Way?
8722 Red Canyon Way is a 3 bed, 3 bath, 2,058 sqft, 1,742 sqft lot townhomes.
Is 8722 Red Canyon Way a flip candidate?
No — 8722 Red Canyon Way does not appear in our flips dataset.
Is 8722 Red Canyon Way a tax-appeal candidate?
Yes — 8722 Red Canyon Way appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
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