28
Map
$515,000
●
House -
For Sale
1205 Groves Field Lane
Wake Forest, NC 27587
3 Beds
2 Baths,
1
Half Bath
2,017 Ft²
$3,126
Est. Monthly
$220
HOA / Fees
About This Property
Discover the epitome of sophisticated modern living at 1205 Groves
Field Ln, a striking luxury bungalow perfectly nestled in Wake
Forest's prestigious Heritage community. Built by the acclaimed
Ammons Building Corp, this exceptional two-story residence blends
classic architectural charm with contemporary refinement. Every
inch of its meticulously designed 1,965-square-foot layout
maximizes light and flow, offering a perfect balance of intimate
comfort and effortless upscale entertaining. Step outside into a
premier resort lifestyle defined by world-class amenities. As a
resident of this coveted enclave, you will enjoy premier access to
championship neighborhood golf courses and sparkling community
pools, making every day feel like a five-star vacation. Positioned
just moments from high-end retail, gourmet dining, and seamless
transit links, this property delivers a rare combination of private
tranquility and urban convenience.
Unit Size
2,017 Ft²
Days on Market
6 days
Land Size
0.25 acres
Price per sqft
$255
Property Type
House
Property Taxes
$377
HOA Dues
$220
Year Built
2002
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 days ago (TMLS #10199065)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2026 | Listed by Mark Spain Real Estate | $515,000 | |
| Listed by Mark Spain Real Estate | |||
| Sep 13, 2002 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Entrance Foyer, Pantry, Separate Shower, Smooth Ceilings, Walk-In Shower
Appliances: Dishwasher, Microwave, Range, Refrigerator, Water Heater
Flooring Type: Carpet, Hardwood, Tile
Laundry Features: Laundry Room
Rooms: 11
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Square Footage: 2017
Architectural Style: Traditional
Year Built: 2002
Building Area Total: 2017
Levels: Bi-Level
Construction Materials: Fiber Cement
Patio and Porch Features: Front Porch
Lot Features: Close to Clubhouse, Cul-De-Sac, Landscaped, Private
Lot Size Area: 0.25
Lot Size Units: Acres
Lot Size Acres: 0.25
Lot Size Square Feet: 10890
Water Source: Public
Financial Details
Tax Assessed Value: $470,527
Tax Annual Amount: $4,523
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Maintenance Structure
HOA/Condo/Coop Amenities: Golf Course, Maintenance Structure, Other
HOA Fee: $220
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Heritage
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Listed by: Margaret McPhail, Mark Spain Real Estate
Last Updated: 5 days ago
Data Source: TMLS, MLS# 10199065
Last Updated: 5 days ago
Data Source: TMLS, MLS# 10199065
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