NOT LISTED FOR SALE

615 S Franklin St Wake Forest, NC 27587

Estimated Value: $653,000

4 Beds
3.5 Baths
2,563 Sq Ft
$255/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $642,670 $251 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,965/month

39 Days on Market

Highlights

  • New Construction
  • Wood Flooring
  • Quartz Countertops
  • Transitional Architecture
  • High Ceiling
  • 3-minute walk to Kiwanis Park

About This Home

As of April 2024

Wake up, Wake Forest! A refreshingly modern take on sweet suburban living is sprouting on the cusp of Downtown. Welcome to The Forest on Franklin. This twelve-townhome collection was crafted by local building experts and curated to complement the existing community. But don’t mistake 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 porches 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: 07/27/2023

Compass -- Raleigh

Co-Listed By

Laura Guld

Compass -- Raleigh License #316294

Last Buyer's Agent

Johnny Chappell

Compass -- Raleigh License #267248 Listed on: 07/27/2023

Compass -- Raleigh

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,359

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 24x72x24x72
  • Landscaped

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

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

Interior Spaces

  • 2,563 Sq Ft Home
  • 3-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Family Room
  • Breakfast Room
  • Combination Kitchen and Dining Room
  • 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
  • Tankless Water Heater

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure
  • 4 Units
  • Towne Properties Raleigh Association, Phone Number (919) 878-8787
  • Built by Concept 8, LLC
  • Forest On Franklin Subdivision, Plan 1

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,359

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 1
  • Year Built: 2024
  • Prop. Type: Residential
  • 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
  • Contract Information Ownership Type: Townhouse
  • General Property Information Lot Size Dimensions: 24x72x24x72
  • 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
  • Flooring Tile: 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: 2024-03-01
  • Cooling Zoned: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Property Condition Framed: No
  • Room Types Bedroom 2 Level: 3
  • Room Types Bedroom 3 Level: 3
  • Room Types Bedroom 4 Level: L
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 3
  • 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 Above Grade Finished Area: 2563.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 1742.4
  • General Property Information Lot Size Acres: 0.04
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, 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

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.04
  • Construction Type: Board & Batten Siding, Brick, Fiber Cement, Low VOC Paint/Sealant/Varnish
  • 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
  • Parking Features: Attached, Garage, Garage Door Opener, Garage Faces Rear, None
  • 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

Utilities

  • Heating: Electric, Forced Air, Heat Pump, Zoned
  • Cooling: Heat Pump, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Zoned2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • 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

Schools

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

Lot Info

  • Lot Dimensions: 24x72x24x72
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

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

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Wake - Wake Forest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Apr 15, 2024
Sold by
Forest On Franklin Llc
Bought by
Rorick Tyrus Logan and Rorick Cheryl Ann
Seller's Agent
Johnny Chappell
Compass -- Raleigh
Buyer's Agent
Johnny Chappell
Compass -- Raleigh
List Price
$595,000
Sold Price
$642,670
Premium/Discount to List
$47,670
8.01%
Total Days on Market
39
Views
33
Current Estimated Value
$653,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,330
Avg. Annual Appreciation
1.43%
Original Mortgage
$237,750
Outstanding Balance
$235,211
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$417,789
Source: Public Records

Range of Values:

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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
Rorick Tyrus Logan $643,000 Allied Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rorick Tyrus Logan $237,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $642,670 +0.1% $251 / Sq Ft
12/14/2023 12/14/23 Off Market $641,825 -- --
11/16/2023 11/16/23 Price Changed $641,825 +7.9% $250 / Sq Ft
09/04/2023 09/04/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $595,000 -- $232 / 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 $1,359 $132,600 $80,000 $52,600
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

    24 in this area

    853 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

    101 Total Sales

    Laura Guld
    Section Image

  • I

    Buyer Co-Listing Agent in 2024

    Ivan Hovis Gobern

    Compass -- Raleigh

    (919) 825-7588

    3 in this area

    67 Total Sales

    Ivan Hovis Gobern
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2523788

Doorify MLS

APN: 1840.07-58-8608-000

North Carolina Wake County Wake Forest 27587

615 S Franklin St, Wake Forest, NC

This home is located at 615 S Franklin St, Wake Forest, NC 27587 since 27 July 2023 and is currently estimated at $653,000, approximately $254 per square foot. This property was built in 2024. 615 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.

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