See Home Value
$504,000 - $616,000
House - Off Market

116 Forbes Road

Wake Forest, NC 27587
bedrooms
4 Beds
bathrooms
3.5 Baths, 1 Half Bath
square feet
3286 Sqft
Sold Feb 29, 2024
$560,000
$532,000 by Cmg Mortgage, Inc.
Mortgage Due Apr 01, 2054
Sold Aug 19, 2011
$274,000

About This Property

Welcome to your stunning new home in an amazing location near downtown Wake Forest! You are welcomed through an inviting two-story foyer, setting the tone for the grandeur that awaits within. Experience the timeless beauty of wood floors throughout the main level, creating a warm and welcoming atmosphere. Enjoy an open and spacious layout that seamlessly connects the kitchen, dining, and living areas, providing the ideal backdrop for both everyday living and entertaining. Gather around the fireplace in the family room, creating a cozy ambiance and a perfect spot to relax.

The kitchen is a culinary dream, featuring light granite countertops, an island with a breakfast bar, stainless steel appliances, a gas cooktop, and double ovens, making it a chef's paradise. Perfect for hosting special occasions and gatherings, the formal dining and living rooms add an extra layer of sophistication to your living space. Upstairs, you'll find a generously sized bonus room with ensuite that can serve a variety of purposes, from a media room to a home office or guest quarters. The primary bedroom is a serene retreat with ample natural light from large windows and a tray ceiling. The ensuite boasts double sinks, a separate tub, and stunning tile work. Outside you'll enjoy a lovely backyard oasis complete with a spacious patio, built-in grill, and an impressive stone fireplace, creating the perfect setting for outdoor gatherings. This home offers the best of both worlds - a peaceful neighborhood setting and proximity to downtown Wake Forest, grocery stores, and major routes such as I-540, US1, and Hwy 98. Enjoy the amenities of the community, including a clubhouse, swimming pool, playground, and scenic trails, providing endless opportunities for leisure and recreation.

Don't miss the chance to make it yours!

The manager has listed the unit size as 3286 square feet.
Unit Size
3,286Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$170
Property Type
House
Property Taxes
$333
HOA Dues
$241
Year Built
2007

Price History

Date / Event Date Event Price
Mar 3, 2024 No longer available -
No longer available
Jan 28, 2024 In contract -
In contract
Jan 24, 2024 Listed $560,000
Listed
Dec 12, 2023 No longer available -
No longer available
Oct 20, 2023 Listed $560,000
Listed
You are met with a soaring entryway that welcomes you into this beautiful former model home. Tons of sunlight and many extras. Fresh Paint! Gleaming hardwood floors throughout the main living area, handsome built in cabinetry, upgraded lighting and trim give this home that special feel. Extensive hardscape in the back yard makes for great outdoor entertainment. Fantastic layout with double staircase. Full bedroom and tiled bath on one side and 3 bedroom 2 full bath on the other. A must…

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 567
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 3,216
  • Building Area: 3,216
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,216
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: REYNOLDS MILL
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO3 REYNOLD'S MILL PH1 BM2007-00188

Ownership

  • Current Owner : RICE DANIELLE J
  • Current Owner 2: DICK MICHAEL C
  • Previous Owner : BALDISHANDEH BAHRAM
  • Previous Owner 2: AHMADI FEROUZEH
  • Owner Before Previous Owner: DUBOSE MODEL HOME INCOME FUND #5 LP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054206

Zoning

  • Zoning: GR5

Geography

  • Account Number: 0357855
  • District: 19
  • Subdivision Phase Number: 1
  • Parcel: 1840.03-03-5884 0357855
  • Lot: 3
  • Municipality: WAKE FOREST
  • Latitude: 35.9578
  • Longitude: -78.5251

    Address

  • Full Address: 116 Forbes Rd
  • Address - House Number: 116
  • Address - Street Name: Forbes
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R015
  • 4-Digit Zip Code: 9294
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,994

    Appraisal Valuation

  • Standard Deviation: 0.068
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 96
  • Final Value: 562,685
  • High Value: 600,971
  • Low Value: 524,400

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $532,000
  • First Open Lien Mortgage Lender: CMG MORTGAGE, INC.
  • First Open Lien Mortgage Recording Date: Feb 29, 2024
  • First Open Lien Mortgage Loan Amount: $532,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Market Valuation

  • Market Total Value: $342,025
  • Market Land Value: $42,000
  • Market Improvement Value: $300,025

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $342,025
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $300,025

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Transaction ID: 11921935007
  • Current Sale Price: $560,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 19, 2011
  • Previous Sale Contract Date: Aug 18, 2011
  • Previous Sale Amount: $274,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE, INC.
  • First Mortgage Transaction Date: Feb 29, 2024
  • First Mortgage Loan Amount: $532,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
House
4 Beds
2.5 Baths
2,483 ft²
$191/ft²
$475,000 Oct 5, 2023
-
$524/mo
House
4 Beds
3 Baths
2,462 ft²
$203/ft²
$499,900 Dec 3, 2023
-
$219/mo
House
3 Beds
2.5 Baths
2,551 ft²
$196/ft²
$499,500 Oct 26, 2023
-
$385/mo
House
3 Beds
2.5 Baths
2,090 ft²
$238/ft²
$498,000 Nov 13, 2023
-
$655/mo
House
3 Beds
2.5 Baths
1,975 ft²
$235/ft²
$465,000 Jan 24, 2024
-
$642/mo
In Contract
Townhouse
3 Beds
3 Baths
2,467 ft²
$191/ft²
$470,000 Oct 26, 2023
-
$488/mo

About Reynolds Mill


Similar Homes for Sale

Open House: 9AM - 11AM, Sun Feb 4
Unit for sale at 609 Old Dairy Drive, Wake Forest, NC 27587

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Unit for sale at 332 Forbes Road, Wake Forest, NC 27587

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Unit for sale at 317 Forbes Road, Wake Forest, NC 27587

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Nearby Rentals

Unit for rent at 715 S Wingate Street, Wake Forest, NC, 27587

$2,395 /mo

  • 3 Beds
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  • 2,146 ft²
715 S Wingate Street, Wake Forest, NC, 27587 Listing by Jeff Stoker


Frequently Asked Questions

When was property at 116 Forbes Road built and last sold?
The property at 116 Forbes Road was built in 2007 and last sold on Feb 29, 2024 for $560,000.
How much is this home worth?
The estimated value of the home located at 116 Forbes Road is $565,600.
What are some comparable homes to 116 Forbes Road?
Homes that are comparable to 116 Forbes Road include a house property at 317 Forbes Road, 332 Forbes Road, 609 Old Dairy Drive.

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