NOT LISTED FOR SALE

5515 Wallace Martin Way Raleigh, NC 27616

Forestville Neighborhood

Estimated Value: $370,000 - $397,000

4 Beds
3 Baths
1,882 Sq Ft
$204/Sq Ft Est. Value

Last Sold June 22, 2022

Last sale price $425,000 $226 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,570/month

19 Days on Market

Highlights

  • Transitional Architecture
  • Granite Countertops
  • Fenced Yard
  • Main Floor Bedroom
  • Community Pool
  • 5-minute walk to River Bend Park

About This Home

As of June 2022

Welcome to 5401 North! Why wait for new builds and higher interest rates? This gently used twnhme is only 2 1/2 yrs old, is move in ready & available now. 4br, 3bth- including 1st Floor BR w/ Full Bath! Granite cntrtps, tile bksplsh, staggered cabinets, LVP. Pendant lights & ceiling fans already there for you! Back area w/ privacy fence & one car detached garage. Low maintenance living leaves plenty of time for the neighborhood amenities-resort pool, walking trails, dog park, greenway access & kayak launch!

Last Agent to Sell the Property

Elisabeth Nixon

Long & Foster Real Estate INC/Raleigh License #209393 Listed on: 05/06/2022

Long & Foster Real Estate INC/Raleigh

Last Buyer's Agent

Stephanie DiGilio

Raleigh Realty Inc. License #312015

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,676

Year Built

  • Built in 2019

Lot Details

  • 2,614 Sq Ft Lot
  • Fenced Yard

HOA Fees

  • $147 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Transitional Architecture
  • Slab Foundation

Interior Spaces

  • 1,882 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Washer

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • River Bend Elementary And Middle School
  • Rolesville High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Gas Water Heater

Community Details

Overview

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

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,676

Year Built

Built in 2019

Lot Details

0

HOA Fees

$147 per month

Parking

1

Listing Details

  • Year Built: 2019
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Subdivision Name: 5401 North
  • Above Grade Finished Sq Ft: 1882.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Townhouse
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: 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 Bedroom 4 Level: M
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: 2
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Washers: Yes
  • General Property Information Above Grade Finished Area: 1882.0
  • 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: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Carpet, Luxury Vinyl
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, Granite Counters, Pantry
  • Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Total Bedrooms: 7
  • Appliances Dishwasher: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Community Features:Street Lights: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances:Gas Range: Yes

Exterior Features

  • Exterior Features: Fenced Yard
  • Acres: 0.06
  • Construction Type: Fiber Cement
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Construction Materials:Fiber Cement: Yes
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Fenced - Yard: 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: Heat Pump, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Pool, Street Lights
  • Association Fee: 147.0
  • Association Fee Frequency: Monthly
  • Association Name: Elite Management
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Elite Management
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: 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: 0
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2676.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - River Bend

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2023
Sold by
Anderson William Clemens and Anderson Kathleen Tere
Bought by
Anderson Family Trust
Current Estimated Value
$392,369

Purchase Details

Listed on
May 6, 2022
Closed on
Jun 22, 2022
Sold by
Aljaafari and Roba
Bought by
Anderson William Clernens and Anderson Kathleen Teresa
Seller's Agent
Elisabeth Nixon
Long & Foster Real Estate INC/Raleigh
Buyer's Agent
Stephanie DiGilio
Raleigh Realty Inc.
List Price
$435,000
Sold Price
$425,000
Premium/Discount to List
-$10,000
-2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.45%

Purchase Details

Closed on
Oct 21, 2019
Sold by
Chesapeake Homes Of North Carolina Inc
Bought by
Aljaafari Majd and Kannout Roba
Source: Public Records

Range of Values:

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Average Value
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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
Anderson Family Trust -- --
Anderson William Clernens $425,000 Jackson Law Pc
Aljaafari Majd $289,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $425,000 -- --
06/22/2022 06/22/22 Sold $425,000 -2.3% $226 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $435,000 -- $231 / 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
2024 $3,300 $377,694 $75,000 $302,694
2023 $2,995 $272,974 $60,000 $212,974
2022 $2,784 $272,974 $60,000 $212,974
2021 $2,676 $272,974 $60,000 $212,974
2020 $2,627 $272,974 $60,000 $212,974
2019 $649 $56,000 $56,000 $0
2018 $612 $56,000 $56,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Elisabeth Nixon

    Seller's Agent in 2022

    Elisabeth Nixon

    Long & Foster Real Estate INC/Raleigh

    (919) 369-1731

    3 in this area

    32 Total Sales

    Section Image
  • Stephanie DiGilio

    Buyer's Agent in 2022

    Stephanie DiGilio

    Raleigh Realty Inc.

    (919) 917-0552

    3 in this area

    79 Total Sales

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Map

Source: Doorify MLS

MLS Number: 2447147

Doorify MLS

APN: 1736.02-88-5243-000

North Carolina Wake County Raleigh 27616 Forestville

5515 Wallace Martin Way, Raleigh, NC

This home is located at 5515 Wallace Martin Way, Raleigh, NC 27616 since 06 May 2022 and is currently estimated at $383,089, approximately $203 per square foot. This property was built in 2019. 5515 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.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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