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39 photos

$300,000

5801 Phaeton Circle
Raleigh, NC 27606
Listed by Renee Hillman · EXP Realty LLC
Bedrooms
3
Bathrooms
2
Living area
N/A
Year built
1972

About this home

Ranch retreat near Fenton with brand-new HVAC, fresh paint, exposed wood beams, a masonry fireplace, and a built-in bar on nearly half an acre. Single-story renovation potential meets an exceptional Raleigh and Cary corridor setting. Situated on an open cul-de-sac lot spanning nearly half an acre, this single-level ranch residence provides a clear canvas ready for sweat equity, a custom redesign, or a full down-to-the-studs transformation. High-cost mechanical upgrades are already off your checklist, featuring a brand-new HVAC system and newly installed ductwork alongside fresh interior paint that delivers an immediate head start. Natural light fills the front family room before guiding you toward a bright dining room defined by an eye-catching bay window. The adjacent kitchen features a walk-in pantry and flows naturally into the dining space, which opens directly into a character-filled den loaded with architectural appeal. This flexible living area showcases custom wood beams, a classic masonry fireplace, and a built-in bar tailored for an entertaining lounge or dedicated media flex room. Down the hall, the primary suite features a walk-in closet and private bath with a tiled walk-in shower. Guest rooms are served by a shared full hallway bathroom. Out back, a deep tree-lined homesite offers a generous footprint for future outdoor living, garden zones, or a workshop addition. Minutes from the energy of Fenton, the South Hills redevelopment, Crossroads Plaza, NC State, and the Beltline, this address pairs neighborhood peace with effortless Triangle connectivity. Capitalize on major mechanical installations, distinctive architectural character, and unbeatable Triangle proximity to build immediate equity.

Highlights

Fireplace

Property details

MLS
Doorify MLS
MLS #
10201665
Property type
Single Family Residence
Subdivision
Old Farm
Status
Active
Days on market
N/A
On market date
November 5, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.47 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Reedy Creek Elementary
3.1 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
636
Student:teacher ratio
12.7:1
District
Wake County Schools
Middle
Reedy Creek Middle
3.2 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
697
Student:teacher ratio
13.9:1
District
Wake County Schools
High
Athens Drive High
1.46 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,042
Student:teacher ratio
16.1:1
District
Wake County Schools

Walkability

Blended score for Raleigh's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

71
Walkable
out of 100
EPA National Walkability Index
12.3 / 20 -- Above average walkable
Google Places amenity density
85 / 100
Restaurants & cafes20
Grocery stores6
Parks1
Schools7
Transit stops20
Pharmacies1

Market position

How this listing compares to current activity in Raleigh, from live MLS data.

On the market 0 days -- 85 fewer days than Raleigh's current average of 85 days.
For reference, the median list price across 2,794 active listings in Raleigh right now is $380,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

Adjust tax / insurance estimates
Est. monthly payment
$1,957/mo
$60,000 down
$240,000 loan
Principal & interest$1,557
Property tax (est.)$250
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS. Last updated 10 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.