INNOVATE Real Estate
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$449,000

1616 Thompson Street, Raleigh, NC 27603
Raleigh, NC 27603
Listed by Julie McFalls · Grand Slam Realty
Bedrooms
3
Bathrooms
2
Living area
N/A
Year built
2002

About this home

LOCATION, LOCATION, LOCATION in the heart of Raleigh! Well maintained ranch bungalow just minutes from the NC Farmers Market and downtown Raleigh! Flat lot and NO HOA. Don't miss out on this one. Just around the corner from proposed Downtown South sports entertainment facility! A must see!

Property details

MLS
Doorify MLS
MLS #
10198969
Property type
Single Family Residence
Subdivision
Caraleigh Mills
Status
Active
Days on market
2
On market date
October 16, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.13 acres

Location

Get directions →
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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
Farmington Woods Elementary
6.98 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
616
Student:teacher ratio
13.1:1
District
Wake County Schools
Middle
Martin Middle
4.19 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,003
Student:teacher ratio
14.5:1
District
Wake County Schools
High
Needham Broughton High
2.16 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
2,098
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).

83
Highly walkable
out of 100
EPA National Walkability Index
15.0 / 20 -- Above average walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores14
Parks14
Schools6
Transit stops20
Pharmacies1

Market position

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

On the market 2 days -- 111 fewer days than Raleigh's current average of 113 days.
For reference, the median list price across 2,851 active listings in Raleigh right now is $375,000.

Mortgage calculator

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

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Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,854/mo
$89,800 down
$359,200 loan
Principal & interest$2,330
Property tax (est.)$374
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 2 days 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.