NOT LISTED FOR SALE

116 Forbes Rd Wake Forest, NC 27587

Estimated Value: $553,000 - $584,941

4 Beds
3.5 Baths
3,286 Sq Ft
$173/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $560,000 $170 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,614/month

2 Days on Market

Highlights

  • Clubhouse
  • Traditional Architecture
  • High Ceiling
  • Wake Forest High School Rated A-
  • Wood Flooring
  • Granite Countertops

About This Home

As of February 2024

Welcome to your stunning new home in an amazing location near downtown Wake Forest! You are welcomed through an inviting two-story foyer, setting the tone for the grandeur that awaits within. Experience the timeless beauty of wood floors throughout the main level, creating a warm and welcoming atmosphere. Enjoy an open and spacious layout that seamlessly connects the kitchen, dining, and living areas, providing the ideal backdrop for both everyday living and entertaining. Gather around the fireplace in the family room, creating a cozy ambiance and a perfect spot to relax.
The kitchen is a culinary dream, featuring light granite countertops, an island with a breakfast bar, stainless steel appliances, a gas cooktop, and double ovens, making it a chef's paradise. Perfect for hosting special occasions and gatherings, the formal dining and living rooms add an extra layer of sophistication to your living space. Upstairs, you'll find a generously sized bonus room with ensuite that can serve a variety of purposes, from a media room to a home office or guest quarters. The primary bedroom is a serene retreat with ample natural light from large windows and a tray ceiling. The ensuite boasts double sinks, a separate tub, and stunning tile work. Outside you'll enjoy a lovely backyard oasis complete with a spacious patio, built-in grill, and an impressive stone fireplace, creating the perfect setting for outdoor gatherings. This home offers the best of both worlds - a peaceful neighborhood setting and proximity to downtown Wake Forest, grocery stores, and major routes such as I-540, US1, and Hwy 98. Enjoy the amenities of the community, including a clubhouse, swimming pool, playground, and scenic trails, providing endless opportunities for leisure and recreation.
Don't miss the chance to make it yours!

Last Agent to Sell the Property

Delphine Camara

Keller Williams Realty Cary License #295951 Listed on: 01/24/2024

Keller Williams Realty Cary

Last Buyer's Agent

Bill Cobey

Society Real Estate, LLC License #188191

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,994

Year Built

  • Built in 2007

Lot Details

  • 0.28

HOA Fees

  • $241 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Private Driveway
  • 5 Open Parking Spaces

Home Design

  • Traditional Architecture

Interior Spaces

  • 3,286 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Tray Ceiling
  • High Ceiling
  • Recessed Lighting

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Vanity

Outdoor Features

  • Patio
  • Outdoor Gas Grill

Additional Features

  • 0.28 Acre Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 1840035884

Community Details

Overview

  • Association fees include unknown
  • Elite Management Association, Phone Number (919) 233-7660
  • Reynolds Mill Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,994

Year Built

Built in 2007

Lot Details

0.28 Acres

HOA Fees

$241 per month

Parking

2

Listing Details

  • Year Built: 2007
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Subdivision Name: Reynolds Mill
  • Above Grade Finished Sq Ft: 3286.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • New Construction: No
  • General Property Information Above Grade Unfinished Area: 1137.0
  • General Property Information Total Unfinished Area2: 1137.0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Flooring Carpet: Yes
  • Architectural Style Traditional: Yes
  • Flooring Wood: Yes
  • General Property Information Association Phone: 919-233-7660
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 241.39
  • General Property Information Above Grade Finished Area: 3286.0
  • General Property Information Lot Size Square Feet2: 12197.0
  • General Property Information Lot Size Acres: 0.28
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 3286.0
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Bookcases, Breakfast Bar, Butler's Pantry, Double Vanity, Granite Counters, High Ceilings, Kitchen Island, Recessed Lighting, Tray Ceiling(s)
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Stories: 2
  • Interior Features:Double Vanity: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Interior Features:Bookcases: Yes
  • Interior Features:Butler_squote_s Pantry: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Recessed Lighting: Yes
  • Interior Features:Breakfast Bar: Yes

Exterior Features

  • Exterior Features: Gas Grill, Outdoor Grill
  • Acres: 0.28
  • Disclosures: Seller Disclosure
  • Patio And Porch Features: Patio
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Gas Grill: Yes
  • Exterior Features:Outdoor Grill: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Side
  • Total Parking Spaces: 7.0
  • Parking Features:Garage: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 7.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 5.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 241.39
  • Association Fee Frequency: Monthly
  • Association Name: Elite Management
  • Phone: 919-233-7660
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Elite Management
  • Association Amenities:Pool: Yes
  • Association Amenities:Trail(s): Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 241.39
  • General Property Information:Association Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 12197.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 1840035884

Tax Info

  • Tax Annual Amount: 3994.04
  • Tax Year: 2023
  • Tax Map Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Feb 29, 2024
Sold by
Baldishandeh Bahram and Ahmadi Ferouzeh
Bought by
Rice Danielle J and Dick Michael C
Seller's Agent
Delphine Camara
Keller Williams Realty Cary
Buyer's Agent
Bill Cobey
Society Real Estate, LLC
List Price
$560,000
Sold Price
$560,000
Views
62
Current Estimated Value
$568,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,735
Avg. Annual Appreciation
0.79%
Original Mortgage
$532,000
Outstanding Balance
$520,077
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$48,658

Purchase Details

Closed on
Jul 12, 2016
Sold by
Bakhshandeh Mahnaz
Bought by
Bakhsandeh Bahram and Ahmadi Ferouzeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 10, 2012
Sold by
Bakhshandeh Bahram and Ahmadi Ferouzeh
Bought by
Bakhshandeh Mahnaz and Ahmadi Ferouzeh

Purchase Details

Closed on
Aug 18, 2011
Sold by
Dubose Model Home Income Fund #5 Lp
Bought by
Bakhshandeh Bahram and Ahmadi Ferouzeh

Purchase Details

Closed on
Apr 17, 2008
Sold by
Parker & Orleans Homebuilders Inc
Bought by
Dubose Model Home Income Fund #5 Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,600
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rice Danielle J $560,000 None Listed On Document
Bakhsandeh Bahram -- None Available
Bakhshandeh Mahnaz -- None Available
Bakhshandeh Bahram $274,000 None Available
Dubose Model Home Income Fund #5 Lp $308,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rice Danielle J $532,000
Previous Owner Bakhsandeh Bahram $256,000
Previous Owner Dubose Model Home Income Fund #5 Lp $198,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $560,000 0.0% $170 / Sq Ft
01/27/2024 01/27/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $560,000 -- $170 / 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 $5,317 $552,305 $100,000 $452,305
2024 $5,245 $552,305 $100,000 $452,305
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10007781

Doorify MLS

APN: 1840.03-03-5884-000

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