$400,000
↓ $25K (5.9%)
●
House -
For Sale
1701 Forestville Road
Wake Forest, NC 27587
3 Beds
2 Baths,
1
Half Bath
2,113 Ft²
$2,176
Est. Monthly
About This Property
Welcome Home! Don't miss this GREAT BUY in Wake Forest! Over
2000 square feet of spacious living across three levels. 3
bedrooms, 2.5 bths. Formal living & dining. Kitchen with bright
breakfast nook, stainless appliance package and pantry. Fireplace.
Primary suite with WIC and bath. Two guest bedrooms. Third level
offers two finished flex spaces. Tankless Water Heater. Roof 2023.
Laminate flooring added 2022/23. Garage doors replaced 2024. Side
entry garage. Large front yard with fenced rear yard. Storage
building. Screened rear porch, 17x30 deck with covered deck and
9x13 covered deck. Wake Co Tax $0.5371, Fire District $0.1225.
Located in Rolesville ETJ. SCHOOLS: Rolesville Elem, Wake Forest
Mid, Heritage High. Siding in need of repair/replacement. Property
being sold AS IS. Seller is related to broker.
Unit Size
2,113 Ft²
Days on Market
56 days
Land Size
0.73 acres
Price per sqft
$189
Property Type
House
Property Taxes
$211
HOA Dues
-
Year Built
1988
Listed By
Sandy Ellington-Graves
Allen Tate/Burlington
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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: 10 days ago (TMLS #10191600)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2026 | Price Decreased |
$400,000
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Sep 9, 2026 | Listed by Howard Hanna Allen Tate Burlington | $425,000 | |
| Listed by Howard Hanna Allen Tate Burlington | |||
| Nov 18, 2022 | Sold | ||
| Sold | |||
| May 24, 2022 | Sold | ||
| Sold | |||
| Jul 19, 2016 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Additional Parking, Attached, Concrete, Garage, Garage Door Opener, Garage Faces Side
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Pantry, Walk-In Closet(s), Bathtub/Shower Combination
Appliances: Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Tankless Water Heater
Flooring Type: Carpet
Laundry Features: Laundry Closet, Main Level
Rooms: 9
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Exterior Details
Square Footage: 2113
Architectural Style: Traditional
Year Built: 1988
Building Area Total: 2113
Levels: Two
Other Structures: Storage
Construction Materials: Masonite
Lot Features: Landscaped, Level
Lot Size Area: 0.73
Lot Size Units: Acres
Lot Size Acres: 0.73
Lot Size Square Feet: 31799
Water Source: Well
Financial Details
Tax Map Number: 2
Tax Assessed Value: $381,105
Tax Annual Amount: $2,534
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric
Heating Type: Forced Air, Natural Gas
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
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Baths
ft²
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Price/ft²
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Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Wake
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Listed by: Sandy Ellington-Graves, Howard Hanna Allen Tate Burlington
Last Updated: 10 days ago
Data Source: TMLS, MLS# 10191600
Last Updated: 10 days ago
Data Source: TMLS, MLS# 10191600
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 Triangle 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 Triangle MLS, Inc. of North Carolina. All rights reserved.
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