D
Seller's Agent in 2023
Daniel Pouge
Deaton Investment Real Estate
621 Wait Ave Wake Forest, NC 27587
Estimated Value: $440,697 - $623,000
Studio
3
Baths
2,520
Sq Ft
$201/Sq Ft
Est. Value
Highlights
- Luxury Vinyl Tile Flooring
- Heritage Elementary School Rated A
- Forced Air Heating and Cooling System
About This Home
As of August 2023This duplex at 621/623 Wait Ave, is located in close proximity to downtown Wake Forest and the campus of Southeastern Baptist Theological Seminary. The property is fully-leased with $2,275 in gross monthly rent. Current rents are below market but could be increased significantly with strategic improvements. Post-renovation market rents are estimated to be $1,800 per unit. 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. Utilities are individually metered and are paid by the residents. The neighboring duplex, 627/629 Wait Ave, is owned by the same owner and is also up for sale. These two duplexes can be bought individually or as a package. Both of these duplexes present a excellent value-add opportunity in a highly-desirable location.
Last Agent to Sell the Property
Daniel Pouge
Deaton Investment Real Estate License #339670 Listed on: 07/20/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Parking
- Off-Street Parking
Home Design
- Vinyl Siding
Flooring
- Carpet
- Luxury Vinyl Tile
- Vinyl
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
Closed on
Jul 27, 2024
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Jul 20, 2023
Closed on
Aug 15, 2023
Sold by
Bought by
Seller's Agent
Daniel Pouge
Deaton Investment Real Estate
Buyer's Agent
Ilya Zaverukha
NorthGroup Real Estate, Inc.
List Price
$399,000
Sold Price
$452,000
Premium/Discount to List
$53,000
13.28%
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Purchase Details
Closed on
Mar 13, 2009
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
$96,000
Interest Rate
5.29%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 30, 2008
Sold by
Bought by
Purchase Details
Closed on
Jan 13, 2005
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
$144,000
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 29, 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
$104,800
Interest Rate
7.81%
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
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| $452,000 | None Listed On Document | ||
| $120,000 | None Available | ||
| $157,355 | None Available | ||
| $160,000 | -- | ||
| $131,000 | -- |
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 |
|---|---|---|---|
| Previous Owner | $96,000 | ||
| Previous Owner | $144,000 | ||
| Previous Owner | $104,800 |
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 |
|---|---|---|---|---|
| 12/14/2023 12/14/23 | Off Market | $452,000 | -- | -- |
| 08/18/2023 08/18/23 | Sold | $452,000 | +13.3% | $179 / Sq Ft |
| 07/28/2023 07/28/23 | Pending | -- | -- | -- |
| 07/24/2023 07/24/23 | For Sale | $399,000 | -- | $158 / 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 | $0 | $162,593 | $30,000 | $132,593 |
| 2015 | -- | $167,987 | $30,000 | $137,987 |
| 2014 | -- | $167,987 | $30,000 | $137,987 |
Source: Public Records
Agents Affiliated with this Home
-
-
Thomas Furlow
Seller Co-Listing Agent in 2023
Thomas Furlow
Deaton Investment Real Estate
(919) 847-1117
6 in this area
59 Total Sales
-
Ilya Zaverukha
Buyer's Agent in 2023
Ilya Zaverukha
NorthGroup Real Estate, Inc.
(919) 249-5044
4 in this area
53 Total Sales
Map
Source: Doorify MLS
MLS Number: 2522517
APN: 1841.19-70-2835-000
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.
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.
Nearby Homes
- 524 Pearce Ave
- 545 Elm Ave
- 513 Elm Ave
- 141 Deacon Ridge St
- 502 Elm Ave
- 0 Carroll St
- 685 N Allen Rd
- 219 Carroll St
- 523 E Nelson Ave
- 239 Carroll St
- 418 N Allen Rd
- 110 Ailey Brook Way Unit 200
- 108 Parks Edge Way Unit 100
- 104 Parks Edge Way Unit 100
- 109 Ailey Brook Way
- 214 Evesham Ct
- 148 N White St Unit 100
- 148 N White St Unit 200
- 148-200 N White St
- 150 N White St Unit 200
Your Personal Tour Guide
Ask me questions while you tour the home.