587 E  Cabarrus St, Raleigh, NC 27601
Property image
Property image
OFF MARKET

$530,500

Trulia Estimate
  • 3 Beds
  • 2.5 Baths
  • 1,300 sqft

587 E Cabarrus St, Raleigh, NC 27601

South Central
Est. Refi. Payment $3,240/mo*
Refinance Your Home
Currently Off Market - Sold Jun 16, 2021 for $480,000

Home Value

Trulia Estimate
$531K
Since last month
Decreased$5K (-1%)
Since last year
Decreased$12K (-2.3%)
Since last sale
Increased$50K (+10.4%)
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 +68% in the last 10 years
MonthEstimated value
2026
October 2026$530K
September 2026$535K
August 2026$542K
July 2026$548K
June 2026$557K
May 2026$564K
April 2026$563K
March 2026$559K
February 2026$549K
January 2026$538K
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
0.06
Single-Family Home
$590,000
04/02/26
3
2.5
1,556
0.16
Single-Family Home
$448,000
02/06/26
3
2.5
1,291
0.16
Single-Family Home
$592,500
06/01/26
3
2.5
1,490
0.17
Single-Family Home
$595,000
09/25/26
3
2.5
1,481
0.11
Single-Family Home
$582,000
05/13/26
2
2
912
0.26
Single-Family Home
$337,500
03/24/26
3
2
1,206
0.10
Single-Family Home
$370,000
11/21/25
3
1
960
0.38
Single-Family Home
$490,000
07/24/26
3
2
1,080
0.56
Single-Family Home
$464,000
09/17/26
3
2
1,099
0.30
Single-Family Home
$440,000
09/01/26
3
2
1,504

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
0.01
-
Studio
1
901
Off Market
0.02
-
Studio
-
-
Off Market
0.02
$527,500
3
2
1,355
Off Market
0.02
$430,900
4
2
1,456
Off Market
0.02
$650,000
4
2.5
1,725
Off Market
0.02
-
-
3
-
Off Market
0.02
$502,900
3
2
1,412
Off Market
0.02
$471,400
2
2
1,154
Off Market
0.03
$333,700
Studio
1
960
Off Market
0.03
$964,000
Studio
5
5,928
Off Market
0.03
-
2
1.5
900
Off Market
0.03
-
2
1.5
900
Off Market
0.03
-
2
1.5
900
Off Market
0.03
$292,900
2
1.5
900
Off Market
0.03
$289,700
2
1
900
Off Market
0.03
$292,900
2
1.5
900
Off Market
0.03
$341,500
3
57
1,250
Off Market
0.03
$560,600
Studio
3
1,456
Off Market
0.03
$303,800
Studio
1
960
Off Market
0.03
$576,300
3
2
1,284
Off Market

Local Information

  • Map ViewExplore the area around 587 E Cabarrus St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1915
1,300 sqft
$408/sqft

About this House

What's unique:Major shoppingRoad access
Here's one of Olde East Raleigh's historic gems emerging from a full restoration. With the addition, the home now has a modern open layout designed by award-winning Maurer Architecture along with granite, stainless steel appliances, main floor master bedroom, skyline views, hardwood floors, and a fenced in backyard. E. Cabarrus St. is one of Raleigh's new green streets and undergoing an extensive public investment. Surrounded by renovations and only 2 blocks to downtown's Moore Square Arts District.
587 E Cabarrus St, Raleigh, NC 27601 is a 3 bedroom, 3 bathroom, 1,300 sqft single-family home in South Central, built in 1915. It last sold for $480,000 on Jun 16, 2021. More recently, it was listed as a rental in November 2023 with an asking price of $2,450 per month. That rental listing was removed on January 10, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $530,500, with a rent estimate of $2,542/month.

Home Details for 587 E Cabarrus St

Interior Features

Heating & Cooling
Heating: Heat Pump, ElectricAir ConditioningCooling System: CentralHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Hardwood
Interior Details
AtticNumber of Rooms: 9Ceiling Fan
Appliances & Utilities
DishwasherDisposalMicrowave
Security
Security System

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: CompositionPatio
Parking & Garage
Parking: On Street

Property Information

Year Built
Year Built: 1915Year Updated: 2016
Property Type / Style
Property Type: Single Family HomeArchitecture: Conventional

Community

Units in Building: 1

Lot Information

Lot Area: 2520 sqft

Price and Tax history

DateEventPrice
Jan 10, 2024
Source: Doorify MLS #2540986
ListingRemoved
Dec 27, 2023
Source: Doorify MLS #2540986
PriceChange
$2,200
Price decreased by 4%
Dec 12, 2023
Source: Doorify MLS #2540986
PriceChange
$2,300
Price decreased by 6%
Nov 7, 2023
Source: Doorify MLS #2540986
Listed For Rent
$2,450
Jun 16, 2021
Source: N/A
Sold
$480,000

Market trends in Raleigh

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$443K
$250
MoM
Sale-to-List Price
98.7%
0.2%
MoM
Price per sq ft
$231
$3
MoM
Available listings
2212
27
MoM
Sourced by Trulia Market Trends

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about South Central

This October

Trick-or-Treat Score

Built from what locals say about South Central.
  • 83% say there are sidewalks
  • 76% say there's holiday spirit
  • 66% say neighbors are friendly
Trulia Trick or TreatStart Ghost Hunt
At least 35 Trulia users voted on each feature.
  • 86 % Say it's dog friendly

  • 85 % Say parking is easy

  • 83 % Say there are sidewalks

  • 76 % Say there's holiday spirit

  • 72 % Say streets are well-lit

  • 69 % Say yards are well-kept

  • 67 % Say car is needed

  • 66 % Say neighbors are friendly

  • 62 % Say kids play outside

  • 61 % Say they plan to stay for at least 5 years

  • 58 % Say it's walkable to restaurants

  • 58 % Say people would walk alone at night

  • 58 % Say there are community events

  • 38 % Say there's wildlife

  • 38 % Say it's quiet

  • 31 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Best neighborhood in Raleigh. New cool modern homes everywhere! Good food also ! Lots of very friendly dogs "
  • Trulia User
    "I lived in this part of Raleigh 10 years ago. Has a small feeling with big city accommodations. The streets and parks are clean and safe to enjoy with the family."
  • Raul D.
    "A dangerous part of town that’s cheap and affordable. I live here because it’s affordable. Not the ideal place or neighborhood I’d like to be in. "
  • Dlbennet
    "I have lived in this area for the past 4 years and have really enjoyed it. On days with nice weather my wife and I consistently walk to the area around Raleigh Times and have a drink or just enjoy the area. Lots to do and see and there is always something going on. Crime has been no more of a problem for me than when I lived in Cary and all the extra entertainment and convenience really makes it a fun place to live. "

LGBTQ Local Legal Protections

Frequently asked questions about 587 E Cabarrus St

  • What is 587 E Cabarrus St estimated to be worth?
    Trulia's estimated value for 587 E Cabarrus St in Raleigh, NC is $530,500.
  • What is the price history for 587 E Cabarrus St?
    587 E Cabarrus St in Raleigh, NC last sold for $480,000 in June 2021.
  • Is Raleigh a buyer's or seller's market?
    Raleigh is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Raleigh?
    The median sale price in Raleigh is $443K. That is down $250 from the prior month.
  • Does 587 E Cabarrus St have air conditioning?
    Yes, 587 E Cabarrus St in Raleigh, NC has air conditioning.
  • How big is the lot at 587 E Cabarrus St?
    The lot at 587 E Cabarrus St in Raleigh, NC is about 0.06 acres (2,520 sq ft).

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