NOT LISTED FOR SALE

508 Otway Rd Wake Forest, NC 27587

Estimated Value: $582,313 - $646,000

4 Beds
3 Baths
2,397 Sq Ft
$254/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $560,000 $234 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,591/month

3 Days on Market

Highlights

  • Golf Course Community
  • Deck
  • Wood Flooring
  • Heritage Elementary School Rated A
  • Transitional Architecture
  • Main Floor Primary Bedroom

About This Home

As of May 2023

ONE 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

Cal Bennett

Bennett Wells Realty, LTD License #228176 Listed on: 03/23/2023

Last Buyer's Agent

Tina Dahir

Berkshire Hathaway HomeService License #293722

Berkshire Hathaway HomeService

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
  • Separate 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,003

Year Built

Built in 2008

Lot Details

0

HOA Fees

$24 per month

Parking

2

Listing Details

  • Year Built: 2008
  • Prop. Type: Residential
  • Reso Association Fee Includes: Storm Water Maintenance
  • Subdivision Name: Heritage
  • Above Grade Finished Sq Ft: 2397.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 1000.0
  • General Property Information Total Unfinished Area2: 1000.0
  • General Property Information Lot Size Dimensions: see county plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Bedroom 4 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Room Types Breakfast Room: Yes
  • Utilities Cable Available: Yes
  • Pool Features Swimming Pool ComFee: Yes
  • Security Features Prewired: Yes
  • Attic Features Unfinished2: Yes
  • Other Equipment Irrigation Equipment: Yes
  • General Property Information Above Grade Finished Area: 2397.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 9583.2
  • General Property Information Lot Size Acres: 0.22
  • General Property Information:Living Area3: 2397.0
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, Pantry, Primary Downstairs, Separate Shower, Smooth Ceilings, Soaking Tub, Tray Ceiling(s), Walk-In Closet(s)
  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Community Features:Playground2: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Fireplace Features:Living Room: Yes
  • Attic Features:Floored: Yes
  • Appliances:Gas Range: Yes
  • Attic Features:Walk-In Attic: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Fenced Yard, Rain Gutters
  • Acres: 0.22
  • Construction Type: Fiber Cement, Stone
  • Patio And Porch Features: Deck, Patio, Porch, Screened
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Window Features:Blinds: Yes
  • Construction Materials:Stone: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck2: Yes
  • Exterior Features:Fenced - Yard: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage, Garage Door Opener
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Utilities: Cable Available
  • Heating: Forced Air, Natural Gas, Zoned
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Community Features: Playground
  • Association Fee: 285.0
  • Association Fee Frequency: Annually
  • Association Name: Charleston Management
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Charleston Management
  • Association Amenities:Trail(s): Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Amenities:Golf Course: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 285.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Zoning: GR5
  • Lot Dimensions: see county plat
  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4003.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - Heritage

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
$607,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,828
Avg. Annual Appreciation
3.09%
Original Mortgage
$448,000
Outstanding Balance
$435,383
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$172,445

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Phillips Benjamin Glyn $560,000 None Listed On Document
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
Closed Phillips Benjamin Glyn $448,000
Previous Owner Degras Lorraine $146,000
Previous Owner Simone James J $363,616
Previous Owner Sminkey Donald C $310,949
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $5,044 $523,179 $130,000 $393,179
2024 $5,025 $523,179 $130,000 $393,179
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Cal Bennett

    Bennett Wells Realty, LTD

    Section Image
  • Tina Dahir

    Buyer's Agent in 2023

    Tina Dahir

    Berkshire Hathaway HomeService

    (919) 601-3551

    1 in this area

    26 Total Sales

    Tina Dahir
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2501288

Doorify MLS

APN: 1840.11-75-4213-000

North Carolina Wake County Wake Forest 27587

508 Otway Rd, Wake Forest, NC

Not Listed for Sale

Detached

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