NOT LISTED FOR SALE

8561 Wake Forest Hwy Raleigh, NC 27613

Eastern Durham Neighborhood

Estimated Value: $1,687,029

40.48 Acres
$41,676 Price per Acre
1,763,309 Sq Ft Lot

Last Sold March 09, 2023

Last sale price $1,500,000

Est. 12% increase in value since last sale

Current estimated payment $9,635/month

236 Days on Market

Highlights

  • Horses Allowed On Property
  • Heavily Wooded Lot
  • Brush Vegetation
  • 40.48 Acre Lot
  • Pasture
  • Level Lot

About This Lot

As of March 2023

A rare opportunity to purchase beautiful N. Raleigh acreage along Wake Forest Hwy. Great, very convenient location. Potential for awesome horse farm, high-end exclusive subdivision, church, or numerous other uses. Borders Wake County line and Highland Forest Subdivision and across the the street from Parker Falls Subdivision. Existing drive in place. Previous area of pasture that could be easily restored, and plenty of old growth forest. Additional acreage may be available.

Last Agent to Sell the Property

Man Leete

Golden Realty License #243663 Listed on: 03/31/2022

Last Buyer's Agent

Man Leete

Vicki Berry Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,315

Lot Details

  • 40.48 Acre Lot
  • Property fronts a state road
  • Property fronts an easement
  • Brush Vegetation
  • Level Lot
  • Cleared Lot
  • Heavily Wooded Lot

Schools

  • Oakgrove Elementary School
  • Neal Middle School
  • Hillside High School

Farming

  • Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Grass Field

Utilities

  • Well Required
  • Septic Needed
  • Phone Available

Property Details

Property Type

Land

Est. Annual Taxes

$5,315

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: Yes
  • Road Frontage Type: Easement, State Road
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Lot Features Partially Cleared: Yes
  • General Property Information Horse YN2: Yes
  • Sewer Septic Needed: Yes
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Vegetation Heavily Wooded: Yes
  • Water Source Need Well: Yes
  • Vegetation Grassed: Yes
  • Vegetation Brush: Yes
  • Road Frontage Type Easement: Yes
  • Road Frontage Type State Road: Yes
  • General Property Information Lot Size Acres: 40.484
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 40.48
  • Lot Features:Wooded: Yes
  • Lot Features:Level: Yes
  • Lot Features:Pasture2: Yes

Utilities

  • Utilities: Electricity Available, Phone Available
  • Water Source: Need Well

Schools

  • Ninth Grade High School: Durham - Hillside
  • Middle Or Junior School: Durham - Neal

Lot Info

  • Current Use: Horses, Unimproved, Vacant
  • Lot Size Sq Ft: 1763483.04
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Durham - Oakgrove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
Mar 9, 2023
Sold by
Parker Edward Lee
Bought by
Holton Development Llc
Seller's Agent
Man Leete
Golden Realty
Buyer's Agent
Man Leete
Golden Realty
List Price
$2,000,000
Sold Price
$1,500,000
Premium/Discount to List
-$500,000
-25%
Total Days on Market
236
Views
29
Current Estimated Value
$1,687,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,029
Avg. Annual Appreciation
4.17%

Purchase Details

Listed on
Mar 31, 2022
Closed on
Feb 14, 2023
Sold by
Parker Edward Lee
Bought by
Holton Development Llc
Seller's Agent
Man Leete
Golden Realty
Buyer's Agent
Man Leete
Golden Realty
List Price
$2,000,000
Sold Price
$1,500,000
Premium/Discount to List
-$500,000
-25%
Views
29

Purchase Details

Closed on
Jul 21, 2022
Sold by
William Parker Coy
Bought by
Parker William E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Holton Development Llc -- --
Holton Development Llc $1,500,000 --
Parker William E -- None Listed On Document
Parker Early -- Reinhardt Law Offices Pllc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $1,500,000 -- --
03/09/2023 03/09/23 Sold $1,500,000 -25.0% --
11/22/2022 11/22/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $2,000,000 -- --
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 $5,315 $565,222 $565,222 $0
2023 $5,008 $565,222 $565,222 $0
2022 $4,822 $565,222 $565,222 $0
2021 $4,774 $565,222 $565,222 $0
2020 $4,718 $565,290 $565,290 $0
2019 $4,718 $565,290 $565,290 $0
2018 $5,357 $587,196 $587,196 $0
2017 $5,298 $587,196 $587,196 $0
2016 $5,137 $587,196 $587,196 $0
2015 $2,798 $300,346 $300,346 $0
2014 $2,798 $300,346 $300,346 $0
Source: Public Records

Agents Affiliated with this Home

  • Man Leete

    Seller's Agent in 2023

    Man Leete

    Golden Realty

    (919) 539-3391

    2 in this area

    28 Total Sales

    Man Leete
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Map

Source: Doorify MLS

MLS Number: 2439718

Doorify MLS

APN: 195272

North Carolina Durham County Raleigh 27613 Eastern Durham

8561 Wake Forest Hwy, Raleigh, NC

This home is located at 8561 Wake Forest Hwy, Raleigh, NC 27613 since 31 March 2022 and is currently estimated at $1,687,029. 8561 Wake Forest Hwy is a home located in Durham County with nearby schools including Glenn Elementary, John W Neal Middle School, and Southern School of Energy & Sustainability.

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