311 E  Lee St, Raleigh, NC 27601
Property image
Property image
OFF MARKET

311 E Lee St
Raleigh, NC 27601

Central
  • Studio
  • 1 Bath
  • 476 sqft

$251,000

Trulia Estimate
as of Aug 25, 2026
Est. Refi. Payment $1,503/mo*

$251,000

Trulia Estimate
as of Aug 25, 2026
Est. Refi. Payment $1,503/mo*
Studio
1 Bath
476 sqft

Home Value

Trulia Estimate
$251K
Since last month
Decreased$3K (-1.1%)
Since last year
Increased$8K (+3.1%)
Since last sale
Increased$1K (+0.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +269% in the last 10 years
MonthEstimated value
2026
August 2026$251K
July 2026$254K
June 2026$251K
May 2026$255K
April 2026$248K
March 2026$247K
February 2026$246K
January 2026$244K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.24
Single-Family Home
$248,000
10/15/25
2
1
838
0.11
Single-Family Home
$395,000
12/02/25
2
2.5
1,170
0.23
Single-Family Home
$410,000
03/17/26
2
1
1,225
0.23
Single-Family Home
$349,000
12/08/25
3
2
1,161
0.40
Single-Family Home
$90,000
01/07/26
1
806
0.08
Single-Family Home
$725,000
07/28/26
2
1,726
0.11
Single-Family Home
$547,500
08/28/25
3
2.5
1,582
0.06
Single-Family Home
$522,000
09/30/25
3
2
1,382
0.66
Single-Family Home
$454,600
04/29/26
2
1
830
0.16
Single-Family Home
$436,000
06/02/26
3
2
1,300

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.03
$731,300
3
2.5
2,104
Off Market
0.03
$440,500
2
2
931
Off Market
0.02
-
-
-
-
Off Market
0.05
$671,600
4
3
2,130
Off Market
0.08
$725,000
Studio
2
1,726
Recently Sold
0.07
$829,900
4
3
2,635
For Sale
0.07
-
-
-
-
Off Market
0.08
$508,000
3
2
1,263
Recently Sold
0.07
$702,000
3
2.5
1,957
Recently Sold
0.08
$690,400
4
2.5
2,019
Off Market
0.09
-
4
2.5
1,744
Off Market
0.05
-
3
2.5
1,537
Off Market

Local Information

  • Map ViewExplore the area around 311 E Lee St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1942
Living Area
476 sqft
Price/Sqft
$527

About this House

This single-family home is located at 311 E Lee St, Raleigh, NC. 311 E Lee St is in the Central neighborhood in Raleigh, NC and in ZIP code 27601. This property has 1 bathroom and approximately 476 sqft of floor space. This property has a lot size of 1306 sqft and was built in 1942.
311 E Lee St, Raleigh, NC 27601 is a studio, 1 bathroom, 476 sqft single-family home in Central, built in 1942. It last sold for $250,000 on Jul 2, 2024. It is currently off market. The Trulia Estimate is $251,000, with a rent estimate of $1,467/month.

Home Details for 311 E Lee St

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 4

Property Information

Year Built
Year Built: 1942Year Updated: 1942
Property Type / Style
Property Type: Single Family HomeArchitecture: Conventional

Exterior Features

Exterior Home Features
Exterior: Wood

Community

Units in Building: 1

Lot Information

Lot Area: 1306 sqft

Price and Tax history

DateEventPrice
Jul 2, 2024
Source: N/A
Sold
$250,000
Nov 18, 2011
Source: Doorify MLS #1658876
Sold
$22,000

Market trends in Raleigh

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$440K
$8.33K
MoM
Sale-to-List Price
98.9%
Price per sq ft
$235
$1
MoM
Available listings
2216
26
MoM

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Central

At least 43 Trulia users voted on each feature.
  • 80 % Say there are sidewalks

  • 79 % Say it's dog friendly

  • 76 % Say parking is easy

  • 73 % Say there's holiday spirit

  • 71 % Say people would walk alone at night

  • 70 % Say car is needed

  • 69 % Say it's walkable to restaurants

  • 67 % Say streets are well-lit

  • 52 % Say yards are well-kept

  • 43 % Say it's quiet

  • 41 % Say neighbors are friendly

  • 37 % Say they plan to stay for at least 5 years

  • 36 % Say there's wildlife

  • 35 % Say kids play outside

  • 31 % Say it's walkable to grocery stores

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Leah Lleshaj
    "The apartment building I live in currently has events for the building residents which helps bring people together. "
  • Trulia User
    "None. Drug traffic is heavy on this street. We know our neighbors across the street and right beside us but no others. "
  • Fldonovan
    "I’ve lived i. this neighborhood for the past two years and live the energy and vibe. Very safe here."
  • Caleb U.
    "Neighborhood used to be safe but new homes and development gentrified half of the area and now crime has dropped "
  • John N.
    "This is a highly Diverse neighborhood. It’s a good place for children to grow up and see the variety of ways people live. "
  • Tdtichenor
    "Short and centrally located. Very close to shopping, work and interstate. Great area. I would recommend this are to anyone"
  • Michelle F.
    "I use to live in this neighborhood and love that it so close to so many things. City Market is just one of them! I always felt safe and parking was easy on Blount and city deck."

LGBTQ Local Legal Protections

Frequently asked questions about 311 E Lee St

  • What is 311 E Lee St estimated to be worth?
    Trulia's estimated value for 311 E Lee St in Raleigh, NC is $251,000.
  • What is the price history for 311 E Lee St?
    311 E Lee St in Raleigh, NC last sold for $250,000 in July 2024.
  • Is Raleigh a buyer's or seller's market?
    Raleigh is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Raleigh?
    The median sale price in Raleigh is $440K. That is up $8.33K from the prior month.
  • How big is the lot at 311 E Lee St?
    The lot at 311 E Lee St in Raleigh, NC is about 0.03 acres (1,306 sq ft).

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