NOT LISTED FOR SALE

518 E Jones Ave Wake Forest, NC 27587

Estimated Value: $297,000 - $335,000

3 Beds
2 Baths
1,047 Sq Ft
$303/Sq Ft Est. Value

Last Sold January 12, 2022

Last sale price $280,700 $268 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,879/month

6 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Porch
  • Wake Forest High School Rated A-
  • No HOA
  • 3-minute walk to H.L. Miller Park

About This Home

As of January 2022

3 bedroom 2 bath ranch home in prime Wake Forest location. Walk to downtown with plenty of shops & restaurants. Less than 3 miles to Wegmans! Would make a great rental or primary home. Open floor plan with vaulted ceiling in the living room and cozy fireplace. Large corner lot with deck and storage shed. No HOA!

Last Agent to Sell the Property

Danielle Weeks

NextHome Turn Key Realty License #291962 Listed on: 12/10/2021

NextHome Turn Key Realty

Last Buyer's Agent

Reza Jafari

Moshaver, LLC License #303478

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,696

Year Built

  • Built in 1992

Lot Details

  • 0.33 Acre Lot

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,047 Sq Ft Home
  • Family Room with Fireplace
  • Combination Kitchen and Dining Room
  • Crawl Space

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in Hall
  • Laundry on main level

Parking

  • Garage
  • Front Facing Garage

Outdoor Features

  • Deck
  • Porch

Schools

  • Wake Forest Elementary And Middle School
  • Wake Forest High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Gilpatric Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,696

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Year Built: 1992
  • Prop. Type: Residential
  • Subdivision Name: Gilpatric
  • Above Grade Finished Sq Ft: 1047.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See tax records
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features KitchenDining Room Combination: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Vinyl: Yes
  • Remarks and Miscellaneous Syndication Remarks2: 3 bedroom 2 bath ranch home in prime Wake Forest location. Walk to downtown with plenty of shops & restaurants. Less than 3 miles to Wegmans! Would make a great rental or primary home. Open floor plan with vaulted ceiling in the living room and cozy fireplace. Large corner lot with deck and storage shed. No HOA!
  • Laundry Features Laundry Closet: Yes
  • Flooring Laminate: Yes
  • Laundry Features In Hall: Yes
  • General Property Information Above Grade Finished Area: 1047.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 14374.8
  • General Property Information Lot Size Acres: 0.33
  • General Property Information:Living Area3: 1047.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Kitchen/Dining Room Combination
  • Basement: Crawl Space
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.33
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Porch
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage Faces Front
  • Parking Features:Garage Faces Front: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Dimensions: See tax records
  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1696.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - Wake Forest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2021
Closed on
Jan 12, 2022
Sold by
Willoughby Matthew C
Bought by
Zamani Kran and Jouni Vida
Seller's Agent
Danielle Weeks
NextHome Turn Key Realty
Buyer's Agent
Reza Jafari
Moshaver, LLC
List Price
$275,000
Sold Price
$280,700
Premium/Discount to List
$5,700
2.07%
Current Estimated Value
$316,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,043
Avg. Annual Appreciation
3.04%
Original Mortgage
$252,600
Outstanding Balance
$232,619
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$84,124

Purchase Details

Closed on
Apr 28, 2020
Sold by
Bliss Keith M and Bliss Gioia M
Bought by
Ccs Development Llc

Purchase Details

Closed on
Sep 10, 2009
Sold by
Us Bank National Association
Bought by
Willoughby Matthew C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,479
Interest Rate
5.15%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2009
Sold by
Swift Jerry W and Swift Jackie
Bought by
U S Bank National Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,479
Interest Rate
5.15%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 2006
Sold by
Farrar Brent and Farrar Tleshia
Bought by
Swift Jerry W and Swift Jackie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
8.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2003
Sold by
Cobbs Frederick E and Cobbs Karen A
Bought by
Farrar Brent and Farrar Tleshia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2000
Sold by
Macon George N and Macon Barbara L
Bought by
Cobbs Frederick E and Cobbs Karen A
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
Zamani Kran $562 None Listed On Document
Ccs Development Llc -- None Available
Willoughby Matthew C $111,500 None Available
U S Bank National Association $102,000 None Available
Swift Jerry W $124,000 None Available
Farrar Brent $110,000 --
Cobbs Frederick E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zamani Kran $252,600
Closed Zamani Kran $252,600
Previous Owner Willoughby Matthew C $109,479
Previous Owner Swift Jerry W $124,000
Previous Owner Farrar Brent $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $280,700 -- --
01/12/2022 01/12/22 Sold $280,700 +2.1% $268 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
12/09/2021 12/09/21 For Sale $275,000 -- $263 / 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 $2,812 $285,071 $100,000 $185,071
2024 $2,802 $285,071 $100,000 $185,071
Source: Public Records

Agents Affiliated with this Home

  • Danielle Weeks

    Seller's Agent in 2022

    Danielle Weeks

    NextHome Turn Key Realty

    (919) 480-0249

    15 in this area

    116 Total Sales

    Danielle Weeks
    Section Image
  • Reza Jafari

    Buyer's Agent in 2022

    Reza Jafari

    Moshaver, LLC

    (919) 604-0808

    3 in this area

    85 Total Sales

    Reza Jafari
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2422580

Doorify MLS

APN: 1841.19-60-5407-000

North Carolina Wake County Wake Forest 27587

518 E Jones Ave, Wake Forest, NC

Not Listed for Sale

Detached

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