340 Summit Ave, Raleigh, NC 27603
Property image
Property image
OFF MARKET

340 Summit Ave
Raleigh, NC 27603

Southwest Raleigh
  • 2 Beds
  • 1,160 sqft (on 0.53 acres)
2 Beds
1,160 sqft
(on 0.53 acres)

Local Information

  • Map ViewExplore the area around 340 Summit Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Your chance to become a part of the booming downtown Raleigh area! Excellent redevelopment opportunity. Build up to take advantage of the Raleigh Skyline! Properties 340 and 344 Summit must be purchased together.
340 Summit Ave, Raleigh, NC 27603 is a 2 bedroom, 1,160 sqft lot/land in Southwest Raleigh, built in 1908. It last sold for $500,000 on Apr 21, 2022. More recently, it was listed as a rental in April 2024 with an asking price of $1,600 per month. That rental listing was removed on May 2, 2024. It is currently off market. The Trulia Estimate rent is $2,132/month.

Home Highlights

Parking
No Info
Outdoor
Deck
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 340 Summit Ave

Interior Features

Heating & Cooling
Heating: Forced Air, Electric, GasHeating Fuel: Forced Air
Interior Details
Number of Rooms: 5
Appliances & Utilities
Cable Ready
Levels, Entrance, & Accessibility
Floors: Carpet

Property Information

Year Built
Year Built: 1908Year Updated: 1950
Property Type / Style
Property Type: Lot LandArchitecture: Conventional

Exterior Features

Exterior Home Features
DeckExterior: Wood

Community

Units in Building: 1

Lot Information

Lot Area: 0.53 acres

Price History for 340 Summit Ave

DatePriceEventSource
05/02/2024ListingRemovedZillow Rentals
04/30/2024$1,600Listed For RentZillow Rentals
04/21/2022$500,000Sold
N/A
08/03/2020$412,500ListingRemovedAgent Provided
05/29/2020$412,500PriceChange
Agent Provided
02/07/2020$450,000Listed For SaleAgent Provided

Market trends in Raleigh

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$427K
$6.83K
MoM
Sale-to-List Price
98.6%
0.4%
MoM
Price per sq ft
$231
$2
MoM
Available listings
2189
116
MoM
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2025
Tax$5,827
Assessment$665,845
Home facts updated by county records

Comparable Sales for 340 Summit Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1.41
Lot/Land
$425,000
03/25/26
1
1,210
0.29
Lot/Land
$250,000
12/11/25
-
-
0.94
Lot/Land
$1,500
11/26/25
-
1,347
0.30
Lot/Land
$215,000
04/30/26
-
-
0.89
Lot/Land
$610,000
08/12/25
-
-
0.69
Lot/Land
$2,550,000
01/06/26
-
-
2.29
Lot/Land
$949,500
08/22/25
3
1,786
1.29
Lot/Land
$1,000
05/27/26
2
-
1.23
Lot/Land
$460,000
12/15/25
-
-
1.15
Lot/Land
$800,000
08/18/25
-
-

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 340 Summit Ave.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Southwest Raleigh

At least 134 Trulia users voted on each feature.
  • 86 % Say it's dog friendly

  • 82 % Say car is needed

  • 79 % Say parking is easy

  • 74 % Say there are sidewalks

  • 65 % Say streets are well-lit

  • 63 % Say it's quiet

  • 63 % Say there's holiday spirit

  • 63 % Say kids play outside

  • 61 % Say yards are well-kept

  • 54 % Say people would walk alone at night

  • 46 % Say there's wildlife

  • 43 % Say neighbors are friendly

  • 43 % Say they plan to stay for at least 5 years

  • 41 % Say it's walkable to grocery stores

  • 36 % Say there are community events

  • 32 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Bfdvkjk7cn
    "I commute to work and back with my own vechicle but if needed could commute with public trasportation "
  • Trulia User
    "It’s community centers here and I think it’s good for the kids. It’s not much to do in the area. Only good thing is that it’s 5 mins from downtown "
  • Dwaine
    "Closeness to everything Raleigh, Cary, Garner and Upcoming Dix Park makes it an exciting location to live "
  • Samantha R.
    "Driving or public transport. I drive to work and downtown is only 3 miles north. I love this area and would have kids here. "
  • Eric_moore
    "this is a great location and safe area to live... it's accessible to do many places and all major highways"
  • Harshit P.
    "No such events. It is mostly populated by international grad students and all of us are very busy. But people who know each other does party amongst themselves, do potlucks, etc."
  • Mariel J.
    "Dog stations run out of baggies and some people will let their lawns grow wild. Other than that it’s a good place. Not super neighborly but I don’t feel neglected or unsafe."
  • Markaishawilliams
    "Personally, I feel as though block parties are essentially very fun to participate in here. I’m happy"
  • Celestine C.
    "I saw a people walking their dogs and all everyone seemed friendly. I saw a few kids also. Some green spaces. "
  • Markaishawilliams
    "People in my neighborhood are generally very friendly, the little kids and teenagers here need some attitude checks though"
  • Angela H.
    "parade sports games schools events. the resturants, everything is convenient in this area. The schools are very excellent"
  • Kyra C.
    "There are plenty of sidewalks & friendly people to wave to as you take you fur friend on a walk with trees to shade you."
  • Beth
    "Easy to get along with neighbors, plenty of dog people. It’s a fun place to live, and is in great proximity to downtown Raleigh. "
  • Mlw217
    "I’ve lived in this neighborhood since 2008. It’s quiet and peaceful, you can hear a pin drop on the street. "
  • Carolyn A.
    "Just opened a park around the corner. It is very family friendly and great for new families. I recommend this area."
  • Mel W.
    "The commute on this side of town is very convenient. Just 3 minutes from downtown, doesn’t get any better than that. "
  • anonymous
    "Lots of student housing in this area but cute neighborhoods around it. Wouldn’t recommend going outside after dark by yourself "
  • Shantal J.
    "There are dogs in the neighborhood all over, some in houses and some inside the fence as you walk by."
  • Alexandra M. W.
    "We bought our house 4 years ago, we love the mature trees, the established neighbors, the sidewalks, and being right in the middle of everything (Downtown Raleigh, Cary, Garner). "
  • Cabarmytuff
    "Lots of of dog owners. Nice area to walk your fur babies. Lots of parks. You can meet others out and communicate about being dog owners."
  • Abdoulanis
    "I live in this area for 5 year and it's great and safe recommend a lot of people to live in this area and secret place"
  • voiceofreason1
    "Friendly and diverse neighbors. All dog lovers! The location is convenient to everything. I have loved living here for 13 years."
  • Cafleming91
    "Close to downtown, far enough to feel like the suburbs. Easy access to major highways. Close to NC State."

LGBTQ Local Legal Protections

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature - Pet Friendly

Explore by feature - Garage

Explore by feature - Air Conditioning

Explore by feature - Pool

Explore by feature - Washer/dryer

Explore by feature - Outdoor Space

Off Market Homes Near 340 Summit Ave

Skip to last item
Skip to first item