516 E. Franklin, Raleigh, NC 27604
OFF MARKET

$1,030,300

Trulia Estimate
  • 3 Beds
  • 2.5 Baths
  • 2,188 sqft

516 E. Franklin, Raleigh, NC 27604

Mordecai
Est. Refi. Payment $5,863/mo*
Refinance Your Home
Currently Off Market - Sold Dec 29, 2016 for $589,776

Home Value

Trulia Estimate
$1.03M
Since last month
Increased$15K (+1.5%)
Since last year
Increased$18K (+1.8%)
Since last sale
Increased$445K (+75.4%)
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 +131% in the last 10 years
MonthEstimated value
2026
August 2026$1.03M
July 2026$1.02M
June 2026$1.08M
May 2026$1.08M
April 2026$1.06M
March 2026$1.01M
February 2026$1.04M
January 2026$1.03M
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
518 Holden St, Raleigh, NC
0.06
Single-Family Home
$642,000
07/01/26
3
2
1,359
816 N Bloodworth St, Raleigh, NC
0.12
Single-Family Home
$740,000
05/15/26
3
2
1,740
617 Polk St, Raleigh, NC
0.25
Single-Family Home
$675,000
02/23/26
3
2.5
2,021
530 Elm St, Raleigh, NC
0.15
Single-Family Home
$887,000
11/21/25
3
2
1,839
907 Elm St, Raleigh, NC
0.18
Single-Family Home
$600,000
07/27/26
3
2
1,319
509 N East St, Raleigh, NC
0.23
Single-Family Home
$615,000
12/01/25
3
2
1,400
605 Polk St, Raleigh, NC
0.23
Single-Family Home
$865,000
03/31/26
3
2
1,899
519 Holden St, Raleigh, NC
0.10
Single-Family Home
$620,000
07/30/26
2
2
1,282
601 Latham Way, Raleigh, NC
0.21
Single-Family Home
$860,000
04/24/26
4
2.5
2,138
608 Virginia Ave, Raleigh, NC
0.19
Single-Family Home
$1,150,000
08/04/26
3
2.5
2,721

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
518 Holden St, Raleigh, NC 27604
0.06
$642,000
3
2
1,359
Recently Sold
515 Pace St, Raleigh, NC 27604
0.03
$1,203,400
4
3.5
3,113
Off Market
504 Holden St, Raleigh, NC 27604
0.09
$900,600
3
2.5
1,780
Off Market
601 E Franklin St, Raleigh, NC 27604
0.05
$786,100
2
2
1,874
Off Market
515 Holden St, Raleigh, NC 27604
0.09
$506,900
2
2
1,116
Off Market
808 Elm St, Raleigh, NC 27604
0.06
$1,310,500
4
3.5
3,042
Off Market
519 Holden St, Raleigh, NC 27604
0.10
$620,000
2
2
1,282
Recently Sold
606 E Franklin St, Raleigh, NC 27604
0.05
$837,600
3
2
1,483
Off Market
816 N Bloodworth St, Raleigh, NC 27604
0.12
$740,000
3
2
1,740
Recently Sold
816 N Bloodworth St #1, Raleigh, NC 27604
0.12
$740,000
-
-
-
Recently Sold
608 E Franklin St, Raleigh, NC 27604
0.06
$853,400
2
2
1,415
Off Market

Local Information

  • Map ViewExplore the area around 516 E. Franklin.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Living Area
2,188 sqft
Price/Sqft
$471

About this House

This single-family home is located at 516 E. Franklin, Raleigh, NC. 516 E. Franklin is in the Mordecai neighborhood in Raleigh, NC and in ZIP code 27604. This property has 3 bedrooms, 3 bathrooms and approximately 2,188 sqft of floor space.
516 E. Franklin, Raleigh, NC 27604 is a 3 bedroom, 3 bathroom, 2,188 sqft single-family home in Mordecai. It last sold for $589,776 on Dec 29, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,030,300, with a rent estimate of $3,522/month.

Home Details for 516 E. Franklin

Property Information

Property Type / Style
Property Type: Single Family Home

Price and Tax history

DateEventPrice
Dec 29, 2016
Source: N/A
Sold
$589,776

Market trends in Raleigh

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

Around this home

Neighborhood Overview

Mordecai
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Mordecai

At least 35 Trulia users voted on each feature.

  • 96 % Say it's dog friendly

  • 91 % Say it's walkable to restaurants

  • 90 % Say there are sidewalks

  • 83 % Say car is needed

  • 79 % Say parking is easy

  • 78 % Say people would walk alone at night

  • 72 % Say there's holiday spirit

  • 69 % Say kids play outside

  • 69 % Say neighbors are friendly

  • 69 % Say it's quiet

  • 66 % Say yards are well-kept

  • 57 % Say streets are well-lit

  • 56 % Say they plan to stay for at least 5 years

  • 48 % Say there's wildlife

  • 38 % Say there are community events

  • 24 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Lots of parks and sidewalks to walk pets without harassment from local residents. Restaurants nearby also happily accommodate pets with outdoor seating"
    1
    Flag
  • Sarah G.
    "There are public transit locations all around my neighborhood and great shops and local restaurants within walking distance. A great, quaint neighborhood with lots of young families. "
    0
    Flag
  • Pamela L.
    "Very close knit historic community with unique original architecture. I love the community feeling I get when talking to my neighbors. It’s like we are a large family "
    5
    Flag
  • Ledguitar73
    "Safe for kids to ride bikes after dark, just like an old school neighborhood. Also regular potlucks at the Mordecai house."
    0
    Flag
  • Carameljeng
    "It’s quite and no crimes here . There is no issue with the neighbors , and it’s child friendly . You leave here for years with no issue of an sort"
    3
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 516 E. Franklin

  • What is 516 E. Franklin estimated to be worth?
    Trulia's estimated value for 516 E. Franklin in Raleigh, NC is $1,030,300.
  • What is the price history for 516 E. Franklin?
    516 E. Franklin in Raleigh, NC last sold for $589,776 in December 2016.
  • 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.

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Off Market Homes Near 516 E. Franklin

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