Jeanell Morton
Keller Williams Realty
(984) 789-4319
41 Total Sales
1 in Wake Forest
$385,000 Price
613 Wait Ave Wake Forest, NC 27587
Wake Forest AreaEstimated Value: $449,000 - $524,000
Studio
3
Baths
2,520
Sq Ft
$189/Sq Ft
Est. Value
Highlights
- Tile Flooring
- Heritage Elementary School Rated A
- Forced Air Heating and Cooling System
About This Home
As of September 2023This duplex at 613/615 Wait Ave, is located in close proximity to downtown Wake Forest and the campus of Southeastern Baptist Theological Seminary. Built in 1985, the two-story design features two identical townhome-style floorplans. Each unit has two-bedrooms, two-and-a-half-bathrooms, and its own garage. Both units at the property are currently occupied and are on month-to-month leases. Current rents are well below market but could be increased significantly with light value-add improvements as the units have been well-maintained. Current ownership has made recent improvements to the property that include the following: new roof (2019), new water heaters (2019), new windows (2019), and new rear decks (2021). The property has polybutylene plumbing. This offering presents an opportunity for an investor to acquire a well maintained duplex with significant income upside in a highly-sought after location.
Last Agent to Sell the Property
Daniel Pouge
Deaton Investment Real Estate License #339670 Listed on: 08/18/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,632
Year Built
- Built in 1985
Parking
- Off-Street Parking
Home Design
- Vinyl Siding
Flooring
- Carpet
- Tile
Basement
- Crawl Space
Schools
- Wake County Schools Elementary And Middle School
- Wake County Schools High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 18, 2023
Closed on
Sep 22, 2023
Sold by
Bought by
Seller's Agent
Daniel Pouge
Deaton Investment Real Estate
Buyer's Agent
May Saoutari
Hodge & Kittrell Sotheby's Int
List Price
$425,000
Sold Price
$450,000
Premium/Discount to List
$25,000
5.88%
Views
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,295
Avg. Annual Appreciation
1.98%
Original Mortgage
$337,500
Outstanding Balance
$327,391
Interest Rate
6.96%
Mortgage Type
Construction
Estimated Equity
$148,904
Purchase Details
Closed on
Feb 1, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
6.72%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Wake Forest, NC
-
Jeanell Morton
-
Sheryl Merritt
Sheryl Merritt
New Legacy Realty
(984) 205-3993
35 Total Sales
4 in Wake Forest
$66K - $560K Price Range
-
Millicent Williams
Millicent Williams
Coldwell Banker HPW
(855) 459-1902
84 Total Sales
2 in Wake Forest
$339K - $430K Price Range
-
Stephanie Anson
Stephanie Anson
Northside Realty Inc.
(984) 228-2061
640 Total Sales
6 in Wake Forest
$333K - $560K Price Range
-
Wallace Peiffer
Wallace Peiffer
Premier Advantage Realty Inc
(984) 538-7961
188 Total Sales
1 in Wake Forest
$460,000 Price
-
Joe Matthews
Joe Matthews
Real Triangle Properties LLC
(984) 833-2176
306 Total Sales
7 in Wake Forest
$295K - $1.3M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $450,000 | None Listed On Document | ||
| $133,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $337,500 | ||
| Previous Owner | $106,400 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/25/2023 09/25/23 | Sold | $450,000 | +5.9% | $179 / Sq Ft |
| 09/01/2023 09/01/23 | Pending | -- | -- | -- |
| 08/25/2023 08/25/23 | For Sale | $425,000 | -- | $169 / Sq Ft |
Source: Doorify MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,410 | $453,461 | $65,000 | $388,461 |
| 2024 | $4,394 | $453,461 | $65,000 | $388,461 |
| 2023 | $2,632 | $223,038 | $30,000 | $193,038 |
| 2022 | $2,526 | $223,038 | $30,000 | $193,038 |
| 2021 | $2,482 | $223,038 | $30,000 | $193,038 |
| 2020 | $2,482 | $223,038 | $30,000 | $193,038 |
| 2019 | $2,057 | $162,593 | $30,000 | $132,593 |
| 2018 | $1,949 | $162,593 | $30,000 | $132,593 |
| 2017 | $1,885 | $162,593 | $30,000 | $132,593 |
| 2016 | $1,862 | $162,593 | $30,000 | $132,593 |
| 2015 | $1,946 | $167,987 | $30,000 | $137,987 |
| 2014 | $1,884 | $167,987 | $30,000 | $137,987 |
Source: Public Records
Agents Affiliated with this Home
-
D
Seller's Agent in 2023
Daniel Pouge
Deaton Investment Real Estate
-
Thomas Furlow
Seller Co-Listing Agent in 2023
Thomas Furlow
Deaton Investment Real Estate
(919) 847-1117
56 Total Sales
-
May Saoutari
Buyer's Agent in 2023
May Saoutari
Hodge & Kittrell Sotheby's Int
(919) 629-0011
92 Total Sales
Map
Source: Doorify MLS
MLS Number: 2527762
APN: 1841.19-70-1960-000
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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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.
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