New Listing
$300,000
 $1,610 est/mo Sourced by Back At You

5801 Phaeton Circle,Raleigh, NC 27606

Raleigh, NC 27606

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Description

Ranch retreat near Fenton with brand-new HVAC, fresh paint, exposed wood beams, a masonry fireplace, and a built-in bar on nearly half an acre. Single-story renovation potential meets an exceptional Raleigh and Cary corridor setting. Situated on an open cul-de-sac lot spanning nearly half an acre, this single-level ranch residence provides a clear canvas ready for sweat equity, a custom redesign, or a full down-to-the-studs transformation. High-cost mechanical upgrades are already off your checklist, featuring a brand-new HVAC system and newly installed ductwork alongside fresh interior paint that delivers an immediate head start. Natural light fills the front family room before guiding you toward a bright dining room defined by an eye-catching bay window. The adjacent kitchen features a walk-in pantry and flows naturally into the dining space, which opens directly into a character-filled den loaded with architectural appeal. This flexible living area showcases custom wood beams, a classic masonry fireplace, and a built-in bar tailored for an entertaining lounge or dedicated media flex room. Down the hall, the primary suite features a walk-in closet and private bath with a tiled walk-in shower. Guest rooms are served by a shared full hallway bathroom. Out back, a deep tree-lined homesite offers a generous footprint for future outdoor living, garden zones, or a workshop addition. Minutes from the energy of Fenton, the South Hills redevelopment, Crossroads Plaza, NC State, and the Beltline, this address pairs neighborhood peace with effortless Triangle connectivity. Capitalize on major mechanical installations, distinctive architectural character, and unbeatable Triangle proximity to build immediate equity.

Details

MLS #10201665
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1972
Days On Site5
Listing Provided ByEXP Realty LLC | Renee Hillman

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,400
Story(s)1
ZoningR-4
Acreage0.47

Interior

Interior FeaturesBar, Ceiling Fan(s), Laminate Counters, Natural Woodwork, Pantry, Primary Downstairs, Storage, Bathtub/Shower Combination, Walk-in Shower
Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air
Fireplace FeaturesDen, Masonry
Fireplaces Total1
Fireplace Yes / NoYes
Rooms Total7

Exterior

RoofShingle
Foundation DetailsCrawlspace
Construction MaterialsFrame
Patio And Porch FeaturesDeck

Parking

Garage Yes / NoNo

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
SewerPublic Sewer

Taxes

Tax Assessed Value310667
Tax Legal DescriptionLO38 OLD FARM SUB SE2
Tax Year2025

Other

Accessibility FeaturesNo

Area Information

StateNC
CountyWake
CityRaleigh
Zip Code27606
AreaWake
Community NameOld Farm
School DistrictWake - Athens Drive High
Elementary SchoolWake - Reedy Creek Elementary
High SchoolWake - Athens Drive High
Listing VS Median (in Old Farm)
Price:
$300,000
low | high
Med:
$352,450
32.516833333333% of Average
sqft:
1,400
low | high
Med:
1,774
23.285714285714% of Average
$ / sqft:
$214
low | high
Med:
$200
56.719109687107% of Average
On site:
5
low | high
Med:
152.5
3.27868852459% of Average
Sourced by Back At You

Market Activity 27606

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Learn More About This Property

StateNC
CountyWake
CityRaleigh
Zip Code27606
AreaWake
Community NameOld Farm
School DistrictWake - Athens Drive High
Elementary SchoolWake - Reedy Creek Elementary
High SchoolWake - Athens Drive High
Listing VS Median (in Old Farm)
Price:
$300,000
low | high
Med:
$352,450
32.516833333333% of Average
sqft:
1,400
low | high
Med:
1,774
23.285714285714% of Average
$ / sqft:
$214
low | high
Med:
$200
56.719109687107% of Average
On site:
5
low | high
Med:
152.5
3.27868852459% of Average
Sourced by Back At You
Listing Updated: November 8, 2026 at 11:41:09 PM PST