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$1,200,000

408 Madison Ave Cary, NC 27513

3 beds
2 full
1,174 sqft
0.4 acres
$1,022 / sqft
House

Property details

About 408 Madison Ave

The largest piece of a 1.12-Acre combined lot next to Downtown Cary--you can NOT miss it! 0.37 Acres of 4 adjacent parcels totaling of 100% buildable 1.12 prime acres of Land in the heart of Downtown Cary! This 1.12-acre continuous land has the potential to be subdivided and built into high-end townhomes, condos, or apartments. With public water, sewer, and power already available, this is a developer's dream in one of the Triangle's most desirable and fast-growing areas! Right next to the Business Development District of Town of Cary, just a short walk to bus stops, Cary Station, shopping, restaurants, coffee shops, banks, Cary Downtown Park, museums, and the new library, These 4 adjacent parcels offer unbeatable location, walkability, and long-term value. Whether you are a builder, investor, or developer, This is your chance to secure a large footprint in downtown Cary-an opportunity that rarely comes along! The combined listings are 10093410, 10094396, 10095144. Lot limits are just for illustration. Accurate lot lines will be decided by survey. Buyers are responsible for verifying the details for development.

Highlights

Home typeSingle Family Residence
HeatingElectric, Hot Water, Natural Gas
StatusActive
CoolingCeiling Fan(s), Electric, Gas
Size1,174 sqft
Lot size0.37 Acres
Year built1971
MLS #10089900
Attached garage1 space

Summary

  • Full Bathrooms: 2
  • Flooring Type: Hardwood
  • Total Bedroom Count: 3
  • Garage Space: 1 space
  • Attached Garage: Yes
  • Architectural Style: Ranch
  • Heating: Electric, Hot Water, Natural Gas
  • Cooling: Ceiling Fan(s), Electric, Gas
  • List Price: $1,200,000
  • Price/SqFt: $1,022
  • Annual Tax Amount: $3,104
  • Tax Year: 2024
  • Directions: From Cary Station drive west along Hillsboro St. about 2 minutes, turn left to Hollow St., then turn right to Madison Ave, house is on your right
  • Year Built: 1971
  • Living Area: 1,174 SqFt
  • Lot Size: 0.37 Acres
  • MLS Number: 10089900
  • MLS Name: Doorify MLS
  • Office Name: Costello Real Estate & Investm
  • Office Phone: (980) 938-8920
  • Office Email: hello@costellorei.com
  • Listing Agent: Xueni Chang

IDX Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 12:40:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$367,915$3,104
2023$222,495$2,249
2022$222,495$2,165
2021$222,495$2,122
2020$222,495$2,133
2019$157,261$1,599
2018$157,261$1,537

History based on county public records data.

Nearby schools

6

Northwoods Elementary School

Public District PK-5

0.5 mi

8850 Chapel Hill Rd

7

Cary Elementary School

Public District PK-5

0.7 mi

400 Kildaire Farm Rd

5

Kingswood Magnet Elementary School

Public Magnet PK-5

0.7 mi

200 E Johnson St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $63,014. Most Cary, NC residents have annual incomes between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

17%
<35k
63%
35k-100k
17%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

36%
Single, No Kids
8%
Single, with Kids
31%
Married, No Kids
25%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
7%
12-17 yrs old
24%
18-34 yrs old
45%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • TennisTennis
  • Symphony or OperaSymphony or Opera
  • Yoga/pilatesYoga/pilates

Where do the neighbors shop?

  • IKEAIKEA
  • Chico'sChico's
  • H&MH&M

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Boston MarketBoston Market
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • JeepJeep
  • VolvoVolvo
  • AudiAudi

What do the neighbors listen to?

  • AlternativeAlternative
  • Talk/PersonalityTalk/Personality
  • RockRock
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

Living in Cary, NC

Cary's transportation infrastructure supports both private and public transit options, with a focus on convenience and accessibility. The town is known for its walkable downtown area and has made efforts to enhance bikeability throughout the community. A network of major roads and highways facilitates easy commuting to nearby cities, and public transportation is available, with schedules designed to accommodate the majority of residents. Ride-sharing services are also an option for those seeking alternative transportation methods.

The community is served by a robust educational system, including numerous public and private schools that cater to a range of educational needs. Healthcare facilities in Cary are comprehensive, offering a variety of services to meet the medical needs of its residents. The town also features a network of public libraries and a vibrant array of retail and dining options that reflect the local culture. City initiatives are in place to continually improve these services in line with demographic trends.

Cary is celebrated for its family-friendly atmosphere and well-maintained community spaces. The town prides itself on a blend of urban and suburban elements, providing a quiet, yet vibrant lifestyle for its residents. Annual events and festivals highlight the community's engagement and cultural diversity, contributing to Cary's unique character.

Cary's housing market is diverse, offering a range of options from spacious single-family homes to modern apartments and cozy townhouses. The architectural styles vary, with a prevalence of contemporary and colonial homes. A significant portion of the housing development occurred in the late 20th century, reflecting the town's growth during that period. The homeownership rate in Cary is high, with a substantial majority of residents owning their homes.

About 408 Madison Ave

The listing price of 408 Madison Ave property is $1,200,000.

The property 408 Madison Ave is a house located in Cary, North Carolina, 27513.

Active Listing: 408 Madison Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 408 Madison Ave are: Northwoods Elementary School (GreatSchools Rating 6/10), Cary Elementary School (GreatSchools Rating 7/10), Kingswood Magnet Elementary School (GreatSchools Rating 5/10), West Cary Middle School (GreatSchools Rating 9/10), Cardinal Charter Academy (GreatSchools Rating 6/10), East Cary Magnet Middle School (GreatSchools Rating 6/10), Cary High School (GreatSchools Rating 6/10), Score Academy (GreatSchools Rating 1/10), Crossroads Flex (GreatSchools Rating 10/10).

According to the records, the last property tax for 2024 is $3,104 (source: MLS/based on county public records data).

The property at 408 Madison Ave has 3 bedrooms and 2 bathrooms.

The property 408 Madison Ave is 1,174 SqFt (source: MLS/tax record).

The year of construction for 408 Madison Ave is 1971.

This home is located at 408 Madison Ave in Cary, NC and zip code 27513. This 1,174 square foot home, which was built in 1971, sits on a 0.37 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 17, 2025 and is currently priced at $1,200,000.

In June 2025, from all listings sold in Cary, NC there were more than 57 sold above asking price, over 87 sold below and more than 42 were sold right at the asked price. The inventory of homes for sale in Cary, NC between May and June 2025 increased by 0.5%. The median list price of listings available in June 2025 was $625,000, while the average time on the real estate market was 22 days.

From Rocket Homes Real Estate and based on county public records data.

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