Seller's Agent in 2025
Robin Hug
Mark Spain
(207) 756-4135
6 in this area
112 Total Sales
1031 Wait Ave Wake Forest, NC 27587
Estimated Value: $442,000 - $531,000
5
Beds
3.5
Baths
2,924
Sq Ft
$164/Sq Ft
Est. Value
Highlights
- Additional Residence on Property
- 0.75 Acre Lot
- Deck
- Richland Creek Elementary School Rated A-
- Fireplace in Bedroom
- Private Lot
About This Home
As of October 2025Incredible Dual-Home Property Near Historic Downtown Wake Forest! Don't miss this rare opportunity to own two separate homes on one beautifully private, centrally located lot—just minutes from charming downtown Wake Forest. Main Home:
- 3 Bedrooms | 2.5 Bathrooms | 1,791 Sq Ft - Thoughtfully updated with stylish finishes - Two cozy gas log fireplaces - Private carport for convenience **Second Home:** - 2 Bedrooms | 1 Bathroom (stand-alone shower) | 1,133 Sq Ft - Ideal as an investment property, rental, guest house, or in-law suite
- Includes its own carport Situated on approx. 0.75 acres this unique property offers peaceful privacy while being close to shops, dining, and amenities. Connected to city water and sewer. Versatility, location, and value—schedule your showing today!
Last Agent to Sell the Property
Mark Spain Real Estate License #308955 Listed on: 02/12/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,481
Year Built
- Built in 1987
Lot Details
- 32,670 Sq Ft Lot
- Private Lot
Home Design
- Traditional Architecture
- Raised Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 2,924 Sq Ft Home
- 2-Story Property
- Gas Fireplace
- Living Room with Fireplace
- Dining Room
- Granite Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Fireplace in Bedroom
- Walk-In Closet
- In-Law or Guest Suite
- Primary bathroom on main floor
Laundry
- Laundry Room
- Sink Near Laundry
Parking
- 4 Parking Spaces
- 4 Carport Spaces
- 2 Open Parking Spaces
Outdoor Features
- Deck
- Front Porch
Schools
- Richland Creek Elementary School
- Rolesville Middle School
- Wake Forest High School
Additional Features
- Additional Residence on Property
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1850.01-09-2046 0162557 01
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 12, 2025
Closed on
Aug 26, 2025
Sold by
Skyes Philip D
Bought by
Mitchell Marshall Lynn
Seller's Agent
Robin Hug
Mark Spain Real Estate
Buyer's Agent
Megan Crean
Realty World Carolina Prop
List Price
$595,000
Sold Price
$460,000
Premium/Discount to List
-$135,000
-22.69%
Views
455
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,000
Avg. Annual Appreciation
7.36%
Original Mortgage
$728,500
Outstanding Balance
$670,053
Interest Rate
8.25%
Mortgage Type
Construction
Estimated Equity
-$191,053
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mitchell Marshall Lynn | $460,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mitchell Marshall Lynn | $728,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | Sold | $460,000 | -11.5% | $157 / Sq Ft |
| 07/18/2025 07/18/25 | Pending | -- | -- | -- |
| 05/28/2025 05/28/25 | Price Changed | $520,000 | -5.3% | $178 / Sq Ft |
| 04/30/2025 04/30/25 | Price Changed | $549,000 | -7.7% | $188 / Sq Ft |
| 02/12/2025 02/12/25 | For Sale | $595,000 | -- | $203 / Sq Ft |
Source: Doorify MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,497 | $462,746 | $110,000 | $352,746 |
| 2024 | $4,481 | $462,746 | $110,000 | $352,746 |
| 2023 | $3,699 | $314,904 | $68,000 | $246,904 |
| 2022 | $3,550 | $314,904 | $68,000 | $246,904 |
| 2021 | $3,488 | $314,904 | $68,000 | $246,904 |
| 2020 | $3,488 | $314,904 | $68,000 | $246,904 |
| 2019 | $3,091 | $245,900 | $60,000 | $185,900 |
| 2018 | $2,928 | $245,900 | $60,000 | $185,900 |
| 2017 | $2,831 | $245,900 | $60,000 | $185,900 |
| 2016 | $2,795 | $245,900 | $60,000 | $185,900 |
| 2015 | $2,838 | $246,661 | $70,000 | $176,661 |
| 2014 | $2,748 | $246,661 | $70,000 | $176,661 |
Source: Public Records
Agents Affiliated with this Home
-
Robin Hug
-
Megan Crean
Buyer's Agent in 2025
Megan Crean
Realty World Carolina Prop
(919) 880-3780
1 in this area
69 Total Sales
Map
Source: Doorify MLS
MLS Number: 10076069
APN: 1850.01-09-2046-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Some IDX listings have been excluded from this IDX display. 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. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. 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. Copyright 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.
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