508 Otway Rd Wake Forest, NC 27587
Estimated Value: $512,000 - $619,000
4
Beds
3
Baths
2,397
Sq Ft
$243/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Deck
- Wood Flooring
- Heritage Elementary School Rated A
- Transitional Architecture
- Main Floor Primary Bedroom
About This Home
As of May 2023ONE LEVEL LIVING! Immaculately maintained custom built home with 3 downstairs bedrooms & a 4th bedroom/bonus room w/full bath on the 2nd floor. Beautifully manicured yard backs to wooded buffer in highly desirable Heritage. BRAND NEW ROOF installed after photos were taken! So many upgrades & updates. 2023 Roof. 2020 new Trane HVAC, new oven/range. 2019 new carpet, dishwasher, TREX deck and staircase, epoxy garage floor, kitchen tile, exterior painted & more. FLAT FENCED yard with peaceful wooded view. HUGE 1000+ sqft walk-in floored attic has tons of storage for easy downsizing & part could also be finished for additional living space. Perfect for multigenerational living! Front porch, screened back porch, deck & grilling patio. Fridge, washer/dryer/garage freezer convey.
Last Agent to Sell the Property
Bennett Wells Realty, LTD License #228176 Listed on: 03/23/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,003
Year Built
- Built in 2008
Lot Details
- 9,583 Sq Ft Lot
- Fenced Yard
- Landscaped
- Irrigation Equipment
- Property is zoned GR5
HOA Fees
- $24 Monthly HOA Fees
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Transitional Architecture
- Brick or Stone Mason
- Stone
Interior Spaces
- 2,397 Sq Ft Home
- 2-Story Property
- Tray Ceiling
- Smooth Ceilings
- High Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Blinds
- Entrance Foyer
- Living Room with Fireplace
- Breakfast Room
- Dining Room
- Screened Porch
- Crawl Space
Kitchen
- Gas Range
- Microwave
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 3 Full Bathrooms
- Double Vanity
- Separate Shower in Primary Bathroom
- Soaking Tub
- Bathtub with Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Attic
- Attic Floors
- Unfinished Attic
Home Security
- Prewired Security
- Fire and Smoke Detector
Outdoor Features
- Deck
- Patio
- Rain Gutters
Schools
- Heritage Elementary And Middle School
- Heritage High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
- Cable TV Available
Community Details
Overview
- Association fees include storm water maintenance
- Charleston Management Association
- Heritage Subdivision
Recreation
- Golf Course Community
- Tennis Courts
- Community Playground
- Community Pool
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2023
Closed on
May 1, 2023
Sold by
Degras Lorraine
Bought by
Phillips Benjamin Glyn and Bergin Margaret Faye
Seller's Agent
Cal Bennett
Bennett Wells Realty, LTD
Buyer's Agent
Tina Dahir
Berkshire Hathaway HomeService
List Price
$550,000
Sold Price
$560,000
Premium/Discount to List
$10,000
1.82%
Views
32
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
$22,216
Avg. Annual Appreciation
1.85%
Original Mortgage
$448,000
Outstanding Balance
$437,774
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$144,442
Purchase Details
Closed on
Nov 26, 2018
Sold by
Simone James J
Bought by
Degras Lorraine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
4.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 1, 2016
Sold by
Sminkey Donald X and Sminkey Tamah M
Bought by
Simone James J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,616
Interest Rate
3.48%
Mortgage Type
VA
Purchase Details
Closed on
Jul 7, 2008
Sold by
Biltmore Homes Llc
Bought by
Sminkey Donald C and Sminkey Tamah M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,949
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Wake Forest, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Phillips Benjamin Glyn | $560,000 | None Listed On Document | |
| Degras Lorraine | $356,000 | None Available | |
| Simone James J | $352,000 | None Available | |
| Sminkey Donald C | $389,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Phillips Benjamin Glyn | $448,000 | |
| Previous Owner | Degras Lorraine | $146,000 | |
| Previous Owner | Simone James J | $363,616 | |
| Previous Owner | Sminkey Donald C | $38,426 | |
| Previous Owner | Sminkey Donald C | $310,949 | |
| Previous Owner | Biltmore Homes Llc | $286,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Off Market | $560,000 | -- | -- |
| 05/15/2023 05/15/23 | Sold | $560,000 | +1.8% | $234 / Sq Ft |
| 03/26/2023 03/26/23 | Pending | -- | -- | -- |
| 03/23/2023 03/23/23 | For Sale | $550,000 | -- | $229 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $5,025 | $523,179 | $130,000 | $393,179 |
| 2023 | $4,173 | $357,422 | $65,000 | $292,422 |
| 2022 | $4,003 | $357,422 | $65,000 | $292,422 |
| 2021 | $3,934 | $357,422 | $65,000 | $292,422 |
| 2020 | $3,934 | $357,422 | $65,000 | $292,422 |
| 2019 | $4,454 | $357,375 | $60,000 | $297,375 |
| 2018 | $4,217 | $357,375 | $60,000 | $297,375 |
| 2017 | $4,076 | $357,375 | $60,000 | $297,375 |
| 2016 | $4,024 | $357,375 | $60,000 | $297,375 |
| 2015 | $3,703 | $324,646 | $70,000 | $254,646 |
| 2014 | $3,585 | $324,646 | $70,000 | $254,646 |
Source: Public Records
Agents Affiliated with this Home
-
Cal Bennett
C
Seller's Agent in 2023
Cal Bennett
Bennett Wells Realty, LTD
(919) 848-9506
2 in this area
73 Total Sales
-
Tina Dahir
Buyer's Agent in 2023
Tina Dahir
Berkshire Hathaway HomeService
(919) 601-3551
1 in this area
24 Total Sales
Map
Source: Doorify MLS
MLS Number: 2501288
APN: 1840.11-75-4213-000
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