NOT LISTED FOR SALE

505 Otway Rd Wake Forest, NC 27587

Estimated Value: $741,000 - $794,000

4 Beds
4 Baths
3,749 Sq Ft
$203/Sq Ft Est. Value

About This Home

This home is located at 505 Otway Rd, Wake Forest, NC 27587 and is currently estimated at $762,219, approximately $203 per square foot. 505 Otway Rd is a home located in Wake County with nearby schools including Heritage Elementary School, Heritage Middle School, and Heritage High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2020
Sold by
Atkins Jimmy Arthur and Atkins Kecia Nicole
Bought by
Alston Saveon and Johnson Crystal
Current Estimated Value
$762,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,600
Outstanding Balance
$395,448
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$366,771

Purchase Details

Closed on
May 28, 2015
Sold by
Miller Daniel James and Miller Murphy Eileen Ruth
Bought by
Atkins Jimmy Arthur and Atkins Kecia Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,550
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2012
Sold by
Cambridge Homes Of Raleigh Llc
Bought by
Miller Daniel James and Murphy Miller Eileen Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2011
Sold by
Heritage Wake Forest Inc
Bought by
Cambridge Homes Of Raleigh Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
4.57%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 19, 2011
Sold by
Biltmore Homes Llc
Bought by
Heritage Wake Forest Inc

Purchase Details

Closed on
Oct 16, 2008
Sold by
Heritage Wake Forest Inc
Bought by
Biltmore Homes Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
Alston Saveon $468,000 None Available
Alston Saveon $468,000 None Listed On Document
Atkins Jimmy Arthur $409,000 None Available
Miller Daniel James $335,000 None Available
Cambridge Homes Of Raleigh Llc $55,000 None Available
Heritage Wake Forest Inc $440,000 None Available
Biltmore Homes Llc $75,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alston Saveon $444,600
Closed Alston Saveon $444,600
Previous Owner Atkins Jimmy Arthur $388,550
Previous Owner Miller Daniel James $100,000
Previous Owner Cambridge Homes Of Raleigh Llc $243,000
Source: Public Records

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 $6,332 $660,619 $130,000 $530,619
2024 $6,308 $660,619 $130,000 $530,619
2023 $5,166 $442,857 $65,000 $377,857
2022 $4,956 $442,857 $65,000 $377,857
2021 $4,869 $442,857 $65,000 $377,857
2020 $4,869 $442,857 $65,000 $377,857
2019 $5,253 $421,753 $60,000 $361,753
2018 $4,973 $421,753 $60,000 $361,753
2017 $4,807 $421,753 $60,000 $361,753
2016 $4,746 $421,753 $60,000 $361,753
2015 $4,371 $383,523 $70,000 $313,523
2014 -- $383,523 $70,000 $313,523
Source: Public Records

Map

North Carolina Wake County Wake Forest 27587

505 Otway Rd, Wake Forest, NC

Not Listed for Sale

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