$105,000
●
House -
Off Market
305 Forest Lane
Wendell, NC 27591
2 Beds
2 Baths
1,106 Ft²
$186,359
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model
About This Property
ONE LEVEL LIVING, MOVE-IN Ready, Convenient to Raleigh! Cozy ranch
located on large corner lot in established neighborhood. Wood
burning fireplace in Family Room, lovely parquet floors throughout
most of home, nice deck overlooking huge backyard with storage
shed. NO HOA fees!! Easy access to HWY 64/264 BYPass. 15 min. to
Raleigh! Within walking distance to downtown Wendell & library. See
attached floor plan.
Unit Size
1,106 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$95
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (TMLS #2016304)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 28, 2025 | Sold | ||
| Sold | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Oct 31, 2024 | Listed by Mark Spain Real Estate | $265,000 | |
| Listed by Mark Spain Real Estate | |||
| | |||
|
MOVE-IN READY Ranch with fresh paint on a Spacious Corner Lot! This one-level gem boasts recent big-ticket updates, including a roof, HVAC, and water heater, plus fresh interior paint throughout. The baths feature updated LVP flooring, adding a modern touch. The classic wood-burning fireplace and beautiful parquet floors bring warmth and character to the family room. Step out onto the deck overlooking a huge backyard complete with a storage shed—perfect for outdoor living! With no HOA fees and easy access to HWY 64/264 Bypass, you're just 15 minutes from downtown Raleigh. Located near downtown Wendell, enjoy local dining, shopping, parks, and community events like the popular Wendell Falls Farmhouse and the Wendell Harvest Festival, all adding to the neighborhood charm.
| |||
| Aug 27, 2015 | Sold | ||
| Sold | |||
| Jun 28, 2015 | Listed by Keller Williams Realty | $105,000 | |
| Listed by Keller Williams Realty | |||
Show More
Property Highlights
Air Conditioning
Fireplace
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 Wendell
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Amanda Bunch Hare, Keller Williams Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2016304
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2016304
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017