NOT LISTED FOR SALE

3616 Louisbury Rd Wake Forest, NC 27587

Forestville Neighborhood

Estimated Value: $265,000 - $266,750

1.06 Acres
$250,825 Price per Acre
46,174 Sq Ft Lot

Last Sold June 27, 2023

Last sale price $250,000

Est. 6% increase in value since last sale

Current estimated payment $1,518/month

164 Days on Market

About This Lot

As of June 2023

Over one acre lot zoned Commercial Mixed Use. Water & sewer located very nearby. Excellent location at Wake Cross Roads and included in Raleigh's ETJ. This is a super growing high demand area of Wake County.

Last Agent to Sell the Property

Dallas Pearce

Dallas Pearce Realty License #37675 Listed on: 01/10/2023

Last Buyer's Agent

Eddie Alie

Allen Tate/Raleigh-Glenwood License #252708

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,240

Lot Details

  • 1.06 Acre Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned CX-3

Schools

  • Harris Creek Elementary School
  • Rolesville Middle School
  • Rolesville High School

Utilities

  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$1,240

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Vegetation Cleared2: Yes
  • General Property Information Lot Size Acres: 1.06
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 1.06
  • Lot Features:Level: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available

Schools

  • Ninth Grade High School: Wake - Rolesville
  • Middle Or Junior School: Wake - Rolesville

Lot Info

  • Zoning: CX-3
  • Current Use: Vacant
  • Lot Size Sq Ft: 46173.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake - Harris Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Jun 27, 2023
Sold by
Alexander Cathy H and Alexander Charles E
Bought by
Kaheel Mamdouh and Toumas Mari Gad
Seller's Agent
Dallas Pearce
Dallas Pearce Realty
Buyer's Agent
Eddie Alie
Allen Tate/Raleigh-Glenwood
List Price
$250,000
Sold Price
$250,000
Views
372
Current Estimated Value
$265,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,875
Avg. Annual Appreciation
2.74%
Original Mortgage
$180,000
Interest Rate
6.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 26, 1987
Bought by
Ridlehoover Cathy H
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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
Kaheel Mamdouh $250,000 None Listed On Document
Ridlehoover Cathy H $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kaheel Mamdouh $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $250,000 -- --
06/27/2023 06/27/23 Sold $250,000 0.0% --
06/23/2023 06/23/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $250,000 -- --
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

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 $1,240 $193,931 $193,931 --
2024 $1,204 $193,931 $193,931 $0
2023 $1,296 $166,226 $166,226 $0
2022 $1,200 $166,226 $166,226 $0
2021 $1,168 $166,226 $166,226 $0
2020 $1,149 $166,226 $166,226 $0
2019 $1,358 $166,226 $166,226 $0
2018 $1,247 $166,226 $166,226 $0
2017 $1,182 $166,226 $166,226 $0
2016 $1,158 $166,226 $166,226 $0
2015 $902 $129,864 $129,864 $0
2014 $855 $129,864 $129,864 $0
Source: Public Records

Agents Affiliated with this Home

  • Dallas Pearce

    Seller's Agent in 2023

    Dallas Pearce

    Dallas Pearce Realty

    (919) 810-2062

    2 in this area

    184 Total Sales

    Dallas Pearce
    Section Image
  • Eddie Alie

    Buyer's Agent in 2023

    Eddie Alie

    Allen Tate/Raleigh-Glenwood

    (919) 931-8000

    5 in this area

    150 Total Sales

    Eddie Alie
    Section Image
  • Siobhan Finnamore

    Buyer Co-Listing Agent in 2023

    Siobhan Finnamore

    Allen Tate/Raleigh-Glenwood

    (919) 398-5288

    2 in this area

    123 Total Sales

    Siobhan Finnamore
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2489721

Doorify MLS

APN: 1747.02-66-8484-000

North Carolina Wake County Wake Forest 27587 Forestville

3616 Louisbury Rd, Wake Forest, NC

This home is located at 3616 Louisbury Rd, Wake Forest, NC 27587 since 10 January 2023 and is currently estimated at $265,875. 3616 Louisbury Rd is a home located in Wake County with nearby schools including Harris Creek Elementary School, Rolesville Middle School, and Rolesville High School.

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.

Doorify MLS 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 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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