NOT LISTED FOR SALE

509 Elm Ave Wake Forest, NC 27587

Estimated Value: $275,000 - $293,000

3 Beds
3 Baths
1,600 Sq Ft
$178/Sq Ft Est. Value

About This Home

This home is located at 509 Elm Ave, Wake Forest, NC 27587 and is currently estimated at $285,060, approximately $178 per square foot. 509 Elm Ave is a home located in Wake County with nearby schools including Wake Forest Elementary School, Wake Forest-Rolesville Middle School, and Wake Forest High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2018
Sold by
Inge Christine E and Inge Kenneth M
Bought by
Opendoor Property N Llc
Current Estimated Value
$285,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000,000
Outstanding Balance
$131,352,724
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
-$131,067,664

Purchase Details

Closed on
Aug 4, 2017
Sold by
Porchea Shawna S and Legette Anthony
Bought by
Porchea Shawna S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2005
Sold by
Prominence Homes Inc
Bought by
Porchea Shawna S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,500
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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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
Opendoor Property N Llc $165,000 None Available
Porchea Shawna S -- None Available
Porchea Shawna S $120,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Opendoor Property N Llc $150,000,000
Previous Owner Porchea Shawna S $110,000
Previous Owner Porchea Shawna S $120,500
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 $2,676 $278,722 $80,000 $198,722
2024 $2,666 $278,722 $80,000 $198,722
2023 $1,791 $152,435 $30,000 $122,435
2022 $1,719 $152,435 $30,000 $122,435
2021 $1,689 $152,435 $30,000 $122,435
2020 $1,689 $152,435 $30,000 $122,435
2019 $1,619 $128,846 $30,000 $98,846
2018 $1,533 $128,846 $30,000 $98,846
2017 $1,482 $128,846 $30,000 $98,846
2016 $1,464 $128,846 $30,000 $98,846
2015 $1,617 $140,788 $36,000 $104,788
2014 $1,366 $140,788 $36,000 $104,788
Source: Public Records

Map

North Carolina Wake County Wake Forest 27587

509 Elm Ave, Wake Forest, NC

This home is located at 509 Elm Ave, Wake Forest, NC 27587 and is currently estimated at $285,060, approximately $178 per square foot. 509 Elm Ave is a home located in Wake County with nearby schools including Wake Forest Elementary School, Wake Forest-Rolesville Middle School, and Wake Forest 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.

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