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ActiveSingle-family52 days on market

1502 Oakwood Avenue

Mordecai · Raleigh, NC 27610

$398,000

$379 per sq ft

  • Front elevation — 1502 Oakwood Avenue, Raleigh, NC 27610
  • Living space — 1502 Oakwood Avenue, Raleigh, NC 27610
  • Kitchen — 1502 Oakwood Avenue, Raleigh, NC 27610
  • Bedroom — 1502 Oakwood Avenue, Raleigh, NC 27610
  • Bathroom — 1502 Oakwood Avenue, Raleigh, NC 27610
Photograph 1 of 5. Front elevation.
  • 2bedrooms
  • 1bathrooms
  • 1,050sq ft
  • 0.15acre lot
  • 1948built
  • NoneHOA / mo

Needs work, priced for it — a genuine first-home or 203(k) candidate

Two bedrooms, one bath, 1,050 square feet on a flat quarter-block lot. The house is structurally sound and the roof is 2020, but the kitchen and bath are original, the floors need refinishing, and there is no central air — window units only. It is listed below the neighbourhood median for that reason. An FHA 203(k) or Fannie Mae HomeStyle renovation loan lets you finance the work into the purchase; ask us how the draw schedule works before you write.

  • Roof 2020; systems otherwise original
  • No central air — window units in place
  • Below neighbourhood median by design
  • Eligible for FHA 203(k) renovation financing

What this house has

  • No HOA
  • Fenced yard
  • Single storey
  • Greenway access

The numbers

Full specification for 1502 Oakwood Avenue, Raleigh, NC 27610
Listing IDHS-1022
Property typeSingle-family
StyleMinimal traditional
StatusActive
Bedrooms2
Bathrooms1 (1 full)
Interior1,050 sq ft
Price per sq ft$379
Lot0.15 acre
Year built1948
HOA / condo feeNone
Estimated tax rate1.0075% of value per year
Listed onJuly 14, 2026
Days on market52
CountyWake County, NC
Coordinates35.7929, -78.6215

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.

$2,857

estimated total monthly ·$358,200 borrowed

Principal and interest
$2,252
Property tax
$334
Homeowner’s insurance
$106
HOA / condo fee
$0
Mortgage insurance (PMI)
$164

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 $452,629 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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