NOT LISTED FOR SALE

5501 Wallace Martin Way Unit 1183 Raleigh, NC 27616

Forestville Neighborhood

Estimated Value: $362,364 - $460,000

3 Beds
3 Baths
2,037 Sq Ft
$196/Sq Ft Est. Value

About This Home

This home is located at 5501 Wallace Martin Way Unit 1183, Raleigh, NC 27616 and is currently estimated at $400,091, approximately $196 per square foot. 5501 Wallace Martin Way Unit 1183 is a home located in Wake County with nearby schools including River Bend Elementary, River Bend Middle, and Rolesville High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2020
Sold by
Chesapeake Homes Of North Carolina Inc
Bought by
Salovaara Laura
Current Estimated Value
$400,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Outstanding Balance
$38,044
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$362,047
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

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Salovaara Laura $320,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salovaara Laura $76,000
Closed Salovaara Laura $76,000
Open Salovaara Laura $125,000
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 $3,507 $399,846 $75,000 $324,846
2024 $3,493 $399,846 $75,000 $324,846
2023 $3,165 $288,541 $60,000 $228,541
2022 $2,941 $288,541 $60,000 $228,541
2021 $2,828 $288,541 $60,000 $228,541
2020 $2,101 $288,541 $60,000 $228,541
2019 $649 $56,000 $56,000 $0
2018 $612 $56,000 $56,000 $0
Source: Public Records

Map

North Carolina Wake County Raleigh 27616 Forestville

5501 Wallace Martin Way Unit 1183, Raleigh, NC

This home is located at 5501 Wallace Martin Way Unit 1183, Raleigh, NC 27616 and is currently estimated at $400,091, approximately $196 per square foot. 5501 Wallace Martin Way Unit 1183 is a home located in Wake County with nearby schools including River Bend Elementary, River Bend Middle, and Rolesville High School.

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