NOT LISTED FOR SALE

408 Otway Rd Wake Forest, NC 27587

Estimated Value: $608,000 - $684,000

5 Beds
3 Baths
2,714 Sq Ft
$234/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $530,000 $195 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,930/month

Highlights

  • Traditional Architecture
  • Wood Flooring
  • 1 Fireplace
  • Heritage Elementary School Rated A
  • Main Floor Bedroom
  • Screened Porch

About This Home

As of February 2022

Gorgeous Heritage home! Custom patio in the backyard. 5 bedrooms plus bonus.

Last Agent to Sell the Property

Andrea Cummings

Property Specific, LLC License #315461 Listed on: 12/10/2021

Last Buyer's Agent

Ricci Treffer

Relevate Real Estate Inc. License #288460

Relevate Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,084

Year Built

  • Built in 2014

Lot Details

  • 9,583 Sq Ft Lot

HOA Fees

  • $24 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Private Driveway

Home Design

  • Traditional Architecture
  • Masonite

Interior Spaces

  • 2,714 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Entrance Foyer
  • Living Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Screened Porch
  • Utility Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Schools

  • Heritage Elementary And Middle School
  • Heritage High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Association fees include insurance
  • Charleston Management Association
  • Heritage Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,084

Year Built

Built in 2014

Lot Details

0

HOA Fees

$24 per month

Parking

2

Listing Details

  • Year Built: 2014
  • Prop. Type: Residential
  • Reso Association Fee Includes: Insurance
  • Subdivision Name: Heritage
  • Above Grade Finished Sq Ft: 2714.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 440.0
  • General Property Information Total Unfinished Area2: 440.0
  • General Property Information Lot Size Dimensions: See plat map
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: 2
  • Room Types Bedroom 5 Level: M
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • General Property Information Senior Community YN: No
  • Levels Three Or More: Yes
  • General Property Information Above Grade Finished Area: 2714.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 9583.2
  • General Property Information Lot Size Acres: 0.22
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Entrance Foyer
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Total Bedrooms: 10
  • Interior Features:Entrance Foyer: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.22
  • Construction Type: Masonite
  • Patio And Porch Features: Porch, Screened
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Concrete, Driveway, Garage
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 288.75
  • Association Fee Frequency: Annually
  • Association Name: Charleston Management
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Charleston Management
  • Association Fee Includes:Insurance2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 288.75
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Dimensions: See plat map
  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4084.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - Heritage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2021
Closed on
Feb 4, 2022
Sold by
Steele James C and Steele Wendy
Bought by
Reaves Jeremie and Reaves Lourdes M
Seller's Agent
Andrea Cummings
Property Specific, LLC
Buyer's Agent
Ricci Treffer
Relevate Real Estate Inc.
List Price
$530,000
Sold Price
$530,000
Current Estimated Value
$635,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,546
Avg. Annual Appreciation
4.78%
Original Mortgage
$530,000
Interest Rate
3.55%
Mortgage Type
VA

Purchase Details

Closed on
Mar 27, 2014
Sold by
Jordans Construction Inc
Bought by
Steele James C and Steele Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2013
Sold by
Heritage Wake Forest Inc
Bought by
Jordan S Construction Inc
Source: Public Records

Range of Values:

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Average Value
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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
Reaves Jeremie $530,000 None Listed On Document
Steele James C $350,000 None Available
Jordan S Construction Inc $55,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Reaves Jeremie $530,000
Previous Owner Steele James C $332,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $530,000 -- --
02/04/2022 02/04/22 Sold $530,000 0.0% $195 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $530,000 -- $195 / Sq Ft
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
2024 $5,400 $563,375 $130,000 $433,375
2023 $4,334 $371,222 $65,000 $306,222
2022 $4,157 $371,222 $65,000 $306,222
2021 $4,085 $371,222 $65,000 $306,222
2020 $4,085 $371,222 $65,000 $306,222
2019 $4,594 $368,637 $60,000 $308,637
2018 $4,349 $368,637 $60,000 $308,637
2017 $4,204 $368,637 $60,000 $308,637
2016 $4,151 $368,637 $60,000 $308,637
2015 $3,840 $336,676 $70,000 $266,676
2014 $3,404 $70,000 $70,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrea Cummings

    Seller's Agent in 2022

    Andrea Cummings

    Property Specific, LLC

    (603) 560-3038

    21 in this area

    50 Total Sales

    Andrea Cummings
    Section Image
  • Ricci Treffer

    Buyer's Agent in 2022

    Ricci Treffer

    Relevate Real Estate Inc.

    (919) 771-3014

    4 in this area

    114 Total Sales

    Ricci Treffer
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2422788

Doorify MLS

APN: 1840.12-75-7838-000

North Carolina Wake County Wake Forest 27587

408 Otway Rd, Wake Forest, NC

This home is located at 408 Otway Rd, Wake Forest, NC 27587 since 10 December 2021 and is currently estimated at $635,546, approximately $234 per square foot. This property was built in 2014. 408 Otway Rd is a home located in Wake County with nearby schools including Heritage Elementary School, Heritage Middle School, and Heritage High School.

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