NOT LISTED FOR SALE

5505 Wallace Martin Way Raleigh, NC 27616

Forestville Neighborhood

Estimated Value: $343,519 - $390,000

3 Beds
2.5 Baths
1,774 Sq Ft
$205/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $411,000 $232 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $2,348/month

2 Days on Market

Highlights

  • Clubhouse
  • High Ceiling
  • Community Pool
  • Traditional Architecture
  • Granite Countertops
  • Porch

About This Home

As of April 2022

Better than New Townhome in fantastic location! Bright, open flr plan features spacious family rm, large kitchen w/granite counter, separate dining & enormous pantry; LVP flooring throughout main floor! Upstairs includes roomy primary bedrm w/huge walk in closet, tile bath & oversized shower; Two addi'l bedrms, 2nd full bath & laundry. Enjoy private back yard & oversized garage! Amenities are endless: resort pool, dog park, kayak launch, wlkng/biking trails, Greenway access & so much more! Truly Must See!

Last Agent to Sell the Property

Samantha Digiovanni

HomeTowne Realty License #278446 Listed on: 03/10/2022

HomeTowne Realty

Last Buyer's Agent

Ed Karazin

RE/MAX One Hundred License #261741

RE/MAX One Hundred

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,565

Year Built

  • Built in 2020

Lot Details

  • 2,614 Sq Ft Lot

HOA Fees

  • $147 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 1,774 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Family Room
  • Dining Room
  • Laundry on upper level

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Patio
  • Porch

Schools

  • River Bend Elementary And Middle School
  • Rolesville High School

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure
  • 5401 North Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,565

Year Built

Built in 2020

Lot Details

0

HOA Fees

$147 per month

Parking

1

Listing Details

  • Year Built: 2020
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Subdivision Name: 5401 North
  • Above Grade Finished Sq Ft: 1774.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Townhouse
  • General Property Information Lot Size Dimensions: Survey Needed
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Flooring Laminate: Yes
  • General Property Information Above Grade Finished Area: 1774.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 2613.6
  • General Property Information Lot Size Acres: 0.06
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Carpet, Laminate
  • Interior Amenities: Granite Counters, High Ceilings, Walk-In Closet(s)
  • Appliances: Dishwasher, Gas Range, Microwave, Plumbed For Ice Maker, Self Cleaning Oven, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 7
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Community Features:Street Lights: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Appliances:Gas Range: Yes

Exterior Features

  • Acres: 0.06
  • Construction Type: Fiber Cement
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch
  • Construction Materials:Fiber Cement: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 1.0

Utilities

  • Heating: Natural Gas, Zoned
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 147.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 147.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Rolesville
  • Middle Or Junior School: Wake - River Bend

Lot Info

  • Lot Dimensions: Survey Needed
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2565.0

MLS Schools

  • Elementary School: Wake - River Bend

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Apr 11, 2022
Sold by
Markus Zimmermann
Bought by
Bui Anthony and Siegel Sara
Seller's Agent
Samantha Digiovanni
HomeTowne Realty
Buyer's Agent
Ed Karazin
RE/MAX One Hundred
List Price
$379,900
Sold Price
$411,000
Premium/Discount to List
$31,100
8.19%
Current Estimated Value
$363,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,120
Avg. Annual Appreciation
-3.43%
Original Mortgage
$398,670
Outstanding Balance
$376,279
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
-$12,399

Purchase Details

Closed on
Mar 6, 2020
Sold by
Chesapeake Homes Of North Carolina Inc
Bought by
Zimmermann Markus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,997
Interest Rate
3.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Bui Anthony -- None Listed On Document
Zimmermann Markus $280,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bui Anthony $398,670
Previous Owner Zimmermann Markus $251,997
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $411,000 -- --
04/14/2022 04/14/22 Sold $411,000 +8.2% $232 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $379,900 -- $214 / 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 $3,176 $361,905 $75,000 $286,905
2024 $3,163 $361,905 $75,000 $286,905
2023 $2,871 $261,605 $60,000 $201,605
2022 $2,669 $261,605 $60,000 $201,605
2021 $2,565 $261,605 $60,000 $201,605
2020 $1,921 $261,605 $60,000 $201,605
2019 $649 $56,000 $56,000 $0
2018 $612 $56,000 $56,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Samantha Digiovanni

    Seller's Agent in 2022

    Samantha Digiovanni

    HomeTowne Realty

    (401) 578-4136

    2 in this area

    134 Total Sales

    Samantha Digiovanni
    Section Image
  • Ed Karazin

    Buyer's Agent in 2022

    Ed Karazin

    RE/MAX

    (919) 924-4991

    2 in this area

    127 Total Sales

    Ed Karazin
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2435400

Doorify MLS

APN: 1736.02-88-4176-000

North Carolina Wake County Raleigh 27616 Forestville

5505 Wallace Martin Way, Raleigh, NC

This home is located at 5505 Wallace Martin Way, Raleigh, NC 27616 since 10 March 2022 and is currently estimated at $363,880, approximately $205 per square foot. This property was built in 2020. 5505 Wallace Martin Way is a home located in Wake County with nearby schools including River Bend Elementary, River Bend Middle, and Rolesville 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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