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
-- mins to
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
|
|---|
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 |
|
|---|
Year Built Year Built: 1908Year Updated: 1950 |
Property Type / Style Property Type: Lot LandArchitecture: Conventional |
|
|---|
Exterior Home Features DeckExterior: Wood |
|
|---|
Units in Building: 1 |
|
|---|
Lot Area: 0.53 acres |
Price History for 340 Summit Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 05/02/2024 | ListingRemoved | Zillow Rentals | |
| 04/30/2024 | $1,600 | Listed For Rent | Zillow Rentals |
| 04/21/2022 | $500,000 | Sold | N/A |
| 08/03/2020 | $412,500 | ListingRemoved | Agent Provided |
| 05/29/2020 | $412,500 | PriceChange | Agent Provided |
| 02/07/2020 | $450,000 | Listed For Sale | Agent Provided |
Market trends in Raleigh
Last updated May 2026
Avg. sale price
$427K
$6.83KMoM
Sale-to-List Price
98.6%
0.4%MoM
Price per sq ft
$231
$2MoM
Available listings
2189
116MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| 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.Assigned Schools
These are the assigned schools for 340 Summit Ave.
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

