NOT LISTED FOR SALE

603 S Franklin St Wake Forest, NC 27587

Estimated Value: $685,000

4 Beds
3.5 Baths
2,563 Sq Ft
$267/Sq Ft Est. Value

Last Sold August 08, 2024

Last sale price $675,000 $263 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,313/month

21 Days on Market

Highlights

  • New Construction
  • Transitional Architecture
  • High Ceiling
  • Wake Forest High School Rated 9+
  • Wood Flooring
  • 4-minute walk to Kiwanis Park

About This Home

As of August 2024

Wake up, Wake Forest! A refreshingly modern take on sweet suburban living is sprouting on the cusp of Downtown. Welcome to Forest on Franklin. This twelve-townhome collection was crafted by local building experts and curated to complement the existing community. But don't mistake its cohesion as being cookie-cutter. These boutique builds break from typical farmhouse-styling to embrace a refined twist on tradition, emboldened by modern accents at every turn. While every home is equipped with two-car garages, screened-in patios and ample flex space, three distinct plans offer differing treatments for the 2,500+ SQ FT of light-flooded living space. From elevators (in select plans) to varying 3-4 BR options, each layout offers its own take on high-style, low-maintenance living. Intuitively hybrid. Holistically inclined. And with neighbors like Downtown WF & Falls Lake? Balancing work & play is a breeze. Embed yourself in the booming brewery culture, or break a sweat on the trails - there's plenty to see only seconds away. Plus, commuter-friendly access to DTR & RTP guarantees you're never far from the action.

Last Agent to Sell the Property

Johnny Chappell

Compass -- Raleigh License #267248 Listed on: 05/10/2024

Compass -- Raleigh

Co-Listed By

Laura Guld

Compass -- Raleigh License #316294

Last Buyer's Agent

Alice Ray

RE/MAX Legacy License #53636

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,766

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 21x72x24x72
  • Two or More Common Walls
  • Landscaped

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • 1 Open Parking Space

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Board and Batten Siding
  • Low Volatile Organic Compounds (VOC) Products or Finishes

Interior Spaces

  • 2,563 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Family Room
  • Breakfast Room
  • Combination Kitchen and Dining Room
  • Home Office
  • Screened Porch

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Private Water Closet
  • Bathtub with Shower
  • Shower Only
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Electric Dryer Hookup

Home Security

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat
  • No or Low VOC Paint or Finish

Outdoor Features

  • Rain Gutters

Schools

  • Wake Forest Elementary And Middle School
  • Wake Forest High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Natural Gas Connected
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1840588840

Community Details

Overview

  • $500 One-Time Secondary Association Fee
  • Association fees include ground maintenance, maintenance structure
  • Towne Properties Raleigh Association, Phone Number (919) 878-8787
  • Built by Concept 8, LLC
  • Forest On Franklin Subdivision, Plan 2

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,766

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Builder Name: Concept 8, LLC
  • Builder Model: Plan 2
  • Year Built: 2024
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Co List Office Mls Id: 75688
  • Co List Office Phone: 919-726-6548
  • Subdivision Name: Forest on Franklin
  • Above Grade Finished Sq Ft: 2563.0
  • Architectural Style: Traditional, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: Yes
  • Efficiency: Lighting, Thermostat
  • Effective Year Built: 2024
  • Contract Information Ownership Type: Townhouse
  • General Property Information Lot Size Dimensions: 21x72x24x72
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features KitchenDining Room Combination: Yes
  • Interior Features Water Closet: Yes
  • Laundry Features Laundry Room: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2024-07-31
  • Cooling Zoned: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: Third
  • Room Types Bedroom 3 Level: Third
  • Room Types Bedroom 4 Level: Lower
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Third
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Upper Level: Yes
  • Appliances Refrigerators: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Construction Materials Low VOC PaintSealantVarnish: Yes
  • General Property Information Association Phone: 919-878-8787
  • Levels Three Or More: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 200.0
  • Roof:Shingle: Yes
  • Utilities Water Connected: Yes
  • General Property Information Above Grade Finished Area: 2563.0
  • General Property Information Carport YN: No
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Structure Type Townhouse: Yes
  • Utilities Natural Gas Connected: Yes
  • General Property Information Lot Size Square Feet2: 1742.4
  • General Property Information Lot Size Acres: 0.04
  • General Property Information Builder Name: Concept 8, LLC
  • General Property Information Builder Model: Plan 2
  • Special Features: 4098
  • Property Sub Type: Townhouses
  • Year Renovated: 2024

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Elevator, High Ceilings, Kitchen/Dining Room Combination, Pantry, Quartz Counters, Shower Only, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower, Water Closet
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Gas Range, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Total Bedrooms: 9
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Elevator: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters
  • Acres: 0.04
  • Common Walls: 2+ Common Walls
  • Construction Type: Board & Batten Siding, Brick, Fiber Cement, Low VOC Paint/Sealant/Varnish
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch, Screened
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Construction Materials:Board Batten Siding: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Attached, Garage, Garage Door Opener, Garage Faces Rear, None
  • Total Parking Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Garage Faces Rear: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:None16: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 1.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Electric, Forced Air, Zoned
  • Cooling: Heat Pump, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Zoned2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association #2 Fee: 500.0
  • Association #2 Fee Frequency: One Time
  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Association Name: Towne Properties Raleigh
  • Phone: 919-878-8787
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Towne Properties Raleigh
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 200.0
  • General Property Information:Association Fee Frequency: Monthly
  • General Property Information:Association Fee 2: 500.0
  • General Property Information:Association Fee 2 Frequency: One Time

Schools

  • Ninth Grade High School: Wake - Wake Forest
  • Middle Or Junior School: Wake - Wake Forest

Lot Info

  • Lot Dimensions: 21x72x24x72
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 1840588840

Green Features

  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - Wake Forest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jul 25, 2024
Sold by
Forest On Franklin Llc
Bought by
Otten William A and Otten Katherine M
Seller's Agent
Johnny Chappell
Compass -- Raleigh
Buyer's Agent
Alice Ray
RE/MAX Legacy
List Price
$675,000
Sold Price
$675,000
Views
26
Current Estimated Value
$685,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,000
Avg. Annual Appreciation
1.29%
Original Mortgage
$519,000
Outstanding Balance
$513,116
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$171,884
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Otten William A $675,000 Allied Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Otten William A $519,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $675,000 0.0% $263 / Sq Ft
06/01/2024 06/01/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $675,000 -- $263 / 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 $5,766 $608,511 $80,000 $528,511
2024 $853 $91,400 $80,000 $11,400
2023 $662 $57,000 $57,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Johnny Chappell

    Seller's Agent in 2024

    Johnny Chappell

    Compass -- Raleigh

    (919) 737-2247

    25 in this area

    858 Total Sales

    Johnny Chappell
    Section Image
  • Laura Guld

    Seller Co-Listing Agent in 2024

    Laura Guld

    Compass -- Raleigh

    (954) 249-8641

    12 in this area

    109 Total Sales

    Laura Guld
    Section Image
  • Alice Ray

    Buyer's Agent in 2024

    Alice Ray

    RE/MAX Legacy

    (919) 556-6459

    25 in this area

    69 Total Sales

    Alice Ray
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 10028630

Doorify MLS

APN: 1840.07-58-8840-000

North Carolina Wake County Wake Forest 27587

603 S Franklin St, Wake Forest, NC

This home is located at 603 S Franklin St, Wake Forest, NC 27587 since 10 May 2024 and is currently estimated at $685,000, approximately $267 per square foot. This property was built in 2024. 603 S Franklin St is a home located in Wake County with nearby schools including Wake Forest Elementary School, Wake Forest-Rolesville Middle School, and Wake Forest 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.

Nearby Homes