Missy Farrell
Berkshire Hathaway HomeService
(984) 205-6987
117 Total Sales
4 in Wake Forest
$455K - $680K Price Range
627 Wait Ave Wake Forest, NC 27587
Wake Forest AreaEstimated Value: $443,133 - $523,000
Studio
3
Baths
2,520
Sq Ft
$189/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 627/629 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 $2,300 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, 621/623 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
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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 22, 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
53
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.85%
Purchase Details
Closed on
Apr 20, 2009
Sold by
Bought by
Purchase Details
Closed on
Mar 6, 2009
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
5.61%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jul 30, 2003
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
$109,300
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 17, 2000
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
$136,600
Interest Rate
8.29%
Mortgage Type
FHA
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Wake Forest, NC
-
Missy Farrell
-
Bill Stevenson
Bill Stevenson
Compass -- Chapel Hill - Durham
(984) 204-7266
125 Total Sales
1 in Wake Forest
$520,000 Price
-
Joey Robbins
Joey Robbins
Robbins and Associates Realty
(888) 373-4840
43 Total Sales
1 in Wake Forest
$505,000 Price
-
Lexxi Perez
Lexxi Perez
LX Realty
(984) 733-1014
44 Total Sales
2 in Wake Forest
$290K - $520K Price Range
-
Mckenzie Powers
Mckenzie Powers
Real Broker, LLC - Carolina Collective Realty
(949) 799-4672
87 Total Sales
5 in Wake Forest
$395K - $495K Price Range
-
Jo Smith
Jo Smith
Responds QuicklyNorthside Realty Inc.
(888) 857-3486
82 Total Sales
13 in Wake Forest
$255K - $1.2M 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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| $452,000 | None Listed On Document | ||
| $149,547 | None Available | ||
| $149,547 | None Available | ||
| $160,000 | -- | ||
| $137,000 | -- | ||
| $137,000 | -- |
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 | $144,000 | ||
| Previous Owner | $109,300 | ||
| Previous Owner | $136,600 |
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
-
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
-
Ilya Zaverukha
Buyer's Agent in 2023
Ilya Zaverukha
NorthGroup Real Estate, Inc.
(919) 249-5044
54 Total Sales
Map
Source: Doorify MLS
MLS Number: 2522536
APN: 1841.19-70-3812-000
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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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