Melina Olivares
Robbins and Associates Realty
(888) 375-1286
48 Total Sales
1 in Wake Forest
$519,720 Price
623 S Franklin St Wake Forest, NC 27587
Wake Forest AreaEstimated Value: $575,000
4
Beds
3.5
Baths
2,563
Sq Ft
$224/Sq Ft
Est. Value
Highlights
- New Construction
- Transitional Architecture
- High Ceiling
- Wake Forest High School Rated A-
- Wood Flooring
- 3-minute walk to Kiwanis Park
About This Home
As of June 2024Wake 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
Compass -- Raleigh License #267248 Listed on: 07/27/2023
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Townhouse Details
Home Type
- Townhome
Year Built
- Built in 2023 | New Construction
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 21x72x24x72
- 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
- Frame 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
- 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
- Primary bedroom located on third floor
- Walk-In Closet
- Double Vanity
- Private Water Closet
- Bathtub with Shower
- Shower
- 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
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
Additional Features
- Accessible Elevator Installed
- Rain Gutters
Listing and Financial Details
- Assessor Parcel Number 1840587671
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 2
Security
- Fire and Smoke Detector
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
Jul 27, 2023
Closed on
Jun 26, 2024
Sold by
Bought by
Seller's Agent
Johnny Chappell
Compass -- Raleigh
Buyer's Agent
Alice Frederich
Choice Residential Real Estate
List Price
$660,000
Sold Price
$660,000
Views
214
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
-$85,000
Avg. Annual Appreciation
-6.21%
Original Mortgage
$594,000
Outstanding Balance
$581,543
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
-$6,543
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Wake Forest, NC
-
Melina Olivares
-
Marsha House
Marsha House
EXP Realty LLC - C
(984) 305-2884
227 Total Sales
1 in Wake Forest
$570,000 Price
-
Evgenia Gavryuchkov
Evgenia Gavryuchkov
Keller Williams Legacy
(669) 279-4854
135 Total Sales
7 in Wake Forest
$322K - $575K Price Range
-
Mark Parker
Mark Parker
Corcoran DeRonja Real Estate
(833) 702-3583
25 Total Sales
2 in Wake Forest
$381K - $690K Price Range
-
Rebekah Lindsey
Rebekah Lindsey
Real Broker, LLC - Carolina Collective Realty
(866) 511-2873
121 Total Sales
6 in Wake Forest
$277K - $565K Price Range
-
Jennifer Donahue
Jennifer Donahue
Keller Williams Legacy
(984) 664-5476
129 Total Sales
3 in Wake Forest
$280K - $372K 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 |
|---|---|---|---|
| $660,000 | Allied Title Group |
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 | $594,000 |
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 |
|---|---|---|---|---|
| 06/26/2024 06/26/24 | Sold | $660,000 | 0.0% | $258 / Sq Ft |
| 05/30/2024 05/30/24 | Pending | -- | -- | -- |
| 05/08/2024 05/08/24 | Off Market | $660,000 | -- | -- |
| 05/07/2024 05/07/24 | For Sale | $660,000 | 0.0% | $258 / Sq Ft |
| 01/04/2024 01/04/24 | Price Changed | $660,000 | +3.1% | $258 / Sq Ft |
| 12/14/2023 12/14/23 | For Sale | $640,000 | 0.0% | $250 / Sq Ft |
| 12/14/2023 12/14/23 | Off Market | $640,000 | -- | -- |
| 09/07/2023 09/07/23 | Price Changed | $640,000 | +0.8% | $250 / Sq Ft |
| 07/27/2023 07/27/23 | For Sale | $635,000 | -- | $248 / 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 | $5,810 | $608,493 | $80,000 | $528,493 |
| 2024 | $5,788 | $608,493 | $80,000 | $528,493 |
| 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
908 Total Sales
-
Laura Guld
Seller Co-Listing Agent in 2024
Laura Guld
Compass -- Raleigh
(954) 249-8641
139 Total Sales
-
Alice Frederich
Buyer's Agent in 2024
Alice Frederich
Choice Residential Real Estate
(860) 818-2971
13 Total Sales
Map
Source: Doorify MLS
MLS Number: 2523774
APN: 1840.07-58-7671-000
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.
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