NOT LISTED FOR SALE

5525 Wallace Martin Way Raleigh, NC 27616

Forestville Neighborhood

Estimated Value: $352,000 - $384,000

3 Beds
2.5 Baths
1,798 Sq Ft
$205/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $400,000 $222 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,433/month

8 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Granite Countertops
  • Clubhouse
  • High Ceiling
  • 4-minute walk to River Bend Park

About This Home

As of August 2022

Excellent location! Open floor plan w spacious kitchen, family & dining rms. LVP on main level. 9' ceilings. Master bdrm has tray ceiling & large amazing closet. Fenced yard. Patio w separate stone grill pad. Detached oversized garage accommodates workshop. Master planned community with pool, clubhouse, dog park, park, greenway, kayak launch, trails, community garden, outdoor gym, shops, brewery. Security system, frig, washer & dryer convey!

Last Agent to Sell the Property

Kim Schweibinz

SRD INC. License #293560 Listed on: 07/07/2022

Last Buyer's Agent

Vy Nguyen

Coldwell Banker Advantage License #335414

Coldwell Banker Advantage

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,704

Year Built

  • Built in 2019

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 22 x 109 x 22 x 109
  • Fenced Yard
  • Landscaped

HOA Fees

  • $147 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Workshop in Garage
  • Front Facing Garage
  • Rear-Facing Garage
  • Private Driveway

Home Design

  • Craftsman Architecture
  • Transitional Architecture
  • Traditional Architecture
  • Brick Foundation
  • Slab Foundation

Interior Spaces

  • 1,798 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Family Room
  • L-Shaped Dining Room
  • Utility Room
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Covered patio or porch

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

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

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Trails

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,704

Year Built

Built in 2019

Lot Details

0

HOA Fees

$147 per month

Parking

1

Listing Details

  • Year Built: 2019
  • Prop. Type: Residential
  • Road Frontage Type: Other
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Subdivision Name: 5401 North
  • Above Grade Finished Sq Ft: 1798.0
  • Architectural Style: Craftsman, Traditional, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Townhouse
  • General Property Information Above Grade Unfinished Area: 206.0
  • General Property Information Total Unfinished Area2: 206.0
  • General Property Information Lot Size Dimensions: 22 x 109 x 22 x 109
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Architectural Style Transitional: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Interior Features KitchenDining Room Combination: Yes
  • Structure Type Site Built: Yes
  • Cooling:Electric: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: 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
  • Room Types Utility Room: Yes
  • Interior Features Dining L: Yes
  • Security Features Security System: Yes
  • Architectural Style Craftsman: Yes
  • Fencing Privacy: Yes
  • Foundation Details BrickMortar: Yes
  • General Property Information Above Grade Finished Area: 1798.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 2178.0
  • General Property Information Lot Size Acres: 0.05
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Dining L, Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen/Dining Room Combination, Quartz Counters, Smooth Ceilings, Tray Ceiling(s), Walk-In Closet(s)
  • Appliances: Gas Water Heater, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 9
  • Appliances:Tankless Water Heater: Yes
  • Community Features:Playground2: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Quartz Counters: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Exterior Features: Fenced Yard
  • Fencing: Privacy
  • Acres: 0.05
  • Construction Type: Fiber Cement
  • Foundation Details: Brick/Mortar, Slab
  • Patio And Porch Features: Covered, Patio, Porch
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Blinds: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Fenced - Yard: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Concrete, Detached, Driveway, Garage, Garage Faces Front, Garage Faces Rear, Workshop in Garage
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Detached: Yes
  • Parking Features:Workshop in Garage: Yes
  • Parking Features:Garage Faces Rear: Yes
  • General Property Information:Garage Spaces: 1.0

Utilities

  • Heating: Heat Pump, Natural Gas, Zoned
  • Cooling: Electric, Heat Pump, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Zoned2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Playground, Pool
  • Association Fee: 147.0
  • Association Fee Frequency: Monthly
  • Association Name: Elite Mgmt
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Elite Mgmt
  • Association Amenities:Pool: Yes
  • Association Amenities:Trail(s): 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 County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Dimensions: 22 x 109 x 22 x 109
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2704.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 17, 2022
Sold by
Liberatore Mary M and Liberatore Christopher
Bought by
Pham Phu Hieu and Nguyen Thi Ngoc
Seller's Agent
Kim Schweibinz
SRD INC.
Buyer's Agent
Vy Nguyen
Coldwell Banker Advantage
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Current Estimated Value
$368,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,189
Avg. Annual Appreciation
-2.26%
Original Mortgage
$320,000
Outstanding Balance
$307,305
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$66,311

Purchase Details

Closed on
Jul 17, 2019
Sold by
Chespeake Homes Of North Inc
Bought by
Liberatore Mary M and Liberatore Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.82%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Pham Phu Hieu $400,000 None Listed On Document
Liberatore Mary M $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pham Phu Hieu $320,000
Previous Owner Liberatore Mary $246,700
Previous Owner Liberatore Mary M $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $400,000 -- --
08/17/2022 08/17/22 Sold $400,000 -3.6% $222 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $415,000 -- $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 $3,203 $366,531 $75,000 $291,531
2023 $2,909 $265,084 $60,000 $205,084
2022 $2,704 $265,084 $60,000 $205,084
2021 $2,599 $265,084 $60,000 $205,084
2020 $2,552 $265,084 $60,000 $205,084
2019 $649 $56,000 $56,000 $0
2018 $612 $56,000 $56,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Schweibinz

    Seller's Agent in 2022

    Kim Schweibinz

    SRD INC.

    (919) 414-5073

    1 in this area

    26 Total Sales

    Section Image

  • V

    Buyer's Agent in 2022

    Vy Nguyen

    Coldwell Banker Advantage

    (919) 799-3615

    8 in this area

    65 Total Sales

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Map

Source: Doorify MLS

MLS Number: 2460827

Doorify MLS

APN: 1736.02-88-6229-000

North Carolina Wake County Raleigh 27616 Forestville

5525 Wallace Martin Way, Raleigh, NC

This home is located at 5525 Wallace Martin Way, Raleigh, NC 27616 since 07 July 2022 and is currently estimated at $368,811, approximately $205 per square foot. This property was built in 2019. 5525 Wallace Martin Way 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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