$389,999
$20K PRICE DROP

5523 Wallace Martin Way Raleigh, NC 27616

Forestville Neighborhood

Estimated payment $2,572/month

Total Views 113
3 Beds
2.5 Baths
2,076 Sq Ft
$188 Price per Sq Ft

Highlights

  • Fitness Center
  • Craftsman Architecture
  • Recreation Room
  • Open Floorplan
  • Clubhouse
  • 4-minute walk to River Bend Park

About This Home

BACK ON MARKET DUE TO NO FAULT OF SELLER. SELLING AGENT WILLING TO ACCEPT CALLS. Welcome to this beautifully maintained townhouse offering modern comfort and convenience. The open-concept main level features a bright living area, spacious kitchen with ample cabinet space, and a dining area designed for everyday living and entertaining. The first floor primary suite includes a private bath and generous closet space, accompanied by two additional bedrooms upstairs, that provide flexibility for guests. The bonus room and loft area on the second level provide that extra space you need for an office or hobbies. Enjoy the privacy-fenced turf backyard and covered patio for outdoor relaxation. Community amenities including a pool, coffee shop, brewery, clubhouse, and Neuse River trails, make 5401 uniquely special. Easy access to I-540, makes shopping and dining a breeze. This home truly combines comfort with convenience.

Listing Agent

Mitchell Conklin

Raleigh Custom Realty, LLC License #356908 Listed on: 11/17/2025

Co-Listing Agent

Steve Wall

Raleigh Custom Realty, LLC License #344021

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,474

Year Built

  • Built in 2019 | Remodeled

Lot Details

  • 3,049 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Vinyl Fence
  • Back Yard Fenced

HOA Fees

  • $224 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Alley Access
  • Additional Parking
  • 2 Open Parking Spaces

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 2,076 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Family Room
  • Recreation Room
  • Loft
  • Pull Down Stairs to Attic

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Primary bathroom on main floor
  • Double Vanity
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on lower level

Home Security

Accessible Home Design

  • Accessible Bedroom
  • Central Living Area
  • Accessible Hallway
  • Accessible Closets
  • Accessible Washer and Dryer

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

  • River Bend Elementary And Middle School
  • Rolesville High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1736886207

Community Details

Overview

  • Association fees include ground maintenance
  • 5401 North Association, Phone Number (919) 233-7660
  • 5401 North Subdivision
  • Maintained Community
  • Community Parking

Amenities

  • Picnic Area
  • Restaurant
  • Clubhouse

Recreation

  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Park
  • Dog Park

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,474

Year Built

Built in 2019 | Remodeled

Lot Details

0

HOA Fees

$224 per month

Parking

1

Listing Details

  • Year Built: 2019
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Reso Association Fee Includes: Maintenance Grounds
  • Co List Office Phone: 919-847-2664
  • Subdivision Name: 5401 North
  • Above Grade Finished Sq Ft: 2076.0
  • Architectural Style: Craftsman, Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Townhouse
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Bedroom 3 Level: Second
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: First
  • Room Types Loft: Yes
  • Appliances Refrigerators: Yes
  • Architectural Style Craftsman: Yes
  • General Property Information Association Phone: (919) 233-7660
  • General Property Information Senior Community YN: No
  • Laundry Features Laundry Closet: Yes
  • Common Walls End Unit: Yes
  • Fencing Privacy: Yes
  • Room Types Recreation Room3: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 224.4
  • General Property Information Above Grade Finished Area: 2076.0
  • Security Features Fire Alarm: Yes
  • Room Types Primary Bathroom Level: First
  • Room Types Laundry2: Yes
  • Structure Type Townhouse: Yes
  • Fencing Back Yard: Yes
  • Fencing Vinyl2: Yes
  • Roof Architectural Shingle: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Laundry Features Lower Level: Yes
  • General Property Information Lot Size Square Feet2: 3049.0
  • General Property Information Lot Size Acres: 0.07
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 2076.0
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Flooring: Carpet, Luxury Vinyl
  • Interior Amenities: Ceiling Fan(s), Double Vanity, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Walk-In Closet(s), Walk-In Shower
  • Appliances: Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Stainless Steel Appliance(s)
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Community Features:Playground2: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Community Features:Fitness Center2: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Community Features:Sidewalks: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Open Floorplan: Yes
  • Community Features:Clubhouse2: Yes
  • Community Features:Park2: Yes
  • Interior Features:Recessed Lighting: Yes
  • Pool Features:Community: Yes
  • Community Features:Restaurant: Yes
  • Appliances:Gas Oven: Yes

Exterior Features

  • Roof: Architectural Shingle
  • Exterior Features: Fenced Yard, Private Yard, Rain Gutters
  • Fencing: Back Yard, Privacy, Vinyl
  • Acres: 0.07
  • Disclosures: Seller Disclosure
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Fiber Cement, Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Rear Porch
  • Accessibility Features:Accessible WasherDryer: Yes
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Covered2: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Lot Features:Back Yard2: Yes
  • Exterior Features:Private Yard: Yes
  • Accessibility Features:Accessible Bedroom: Yes
  • Accessibility Features:Accessible Hallway(s): Yes
  • Accessibility Features:Central Living Area: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Construction Materials:Frame: Yes
  • Accessibility Features:Accessible Closets: Yes
  • Lot Features:Rectangular Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Additional Parking, Alley Access, Detached
  • Total Parking Spaces: 3.0
  • Parking Features:Detached: Yes
  • Association Amenities:Parking: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Additional Parking: Yes
  • Other Structures:Garage(s): Yes
  • Parking Features:Alley Access: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Parking Total: 3.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Central, Fireplace(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Fireplace(s): Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Park, Playground, Pool, Restaurant, Sidewalks, Street Lights
  • Senior Community: No
  • Association Fee: 224.4
  • Association Fee Frequency: Monthly
  • Association Name: 5401 North
  • Phone: 919-233-7660
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: 5401 North
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Dog Park: Yes
  • Association Amenities:Landscaping: Yes
  • Association Amenities:Recreation Facilities: Yes
  • Association Amenities:Playground: Yes
  • Association Amenities:Picnic Area: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Park: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 224.4
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Zoning: PD
  • Lot Size Sq Ft: 3049.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 1736886207

Tax Info

  • Tax Annual Amount: 3473.71
  • Tax Year: 2025
  • Tax Map Number: 20

MLS Schools

  • Elementary School: Wake - River Bend

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $3,474 $396,022 $75,000 $321,022
2024 $3,459 $396,022 $75,000 $321,022
2023 $3,135 $285,824 $60,000 $225,824
2022 $2,914 $285,824 $60,000 $225,824
2021 $2,801 $285,824 $60,000 $225,824
2020 $2,750 $285,824 $60,000 $225,824
2019 $649 $56,000 $56,000 $0
2018 $612 $56,000 $56,000 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2025 11/17/25 For Sale $389,999 0.0% $188 / Sq Ft
10/27/2025 10/27/25 Pending -- -- --
10/23/2025 10/23/25 Price Changed $389,999 -2.5% $188 / Sq Ft
10/15/2025 10/15/25 Price Changed $399,999 -2.4% $193 / Sq Ft
10/06/2025 10/06/25 For Sale $410,000 -- $197 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $299,500 None Available
Quit Claim Deed -- None Available
Special Warranty Deed $306,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $293,930 FHA
Source: Public Records

Source: Doorify MLS

MLS Number: 10125974

Doorify MLS

APN: 1736.02-88-6207-000

North Carolina Wake County Raleigh 27616 Forestville

5523 Wallace Martin Way, Raleigh, NC

For Sale

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Nearby Homes
Listing Agent
Mitchell Conklin
Section Image
Raleigh Custom Realty, LLC
(919) 752-4749