See Home Value
Wake 27587
501 Chestnut Grove Court
$597,054*
House - Off Market

501 Chestnut Grove Court

Wake Forest, NC 27587
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3184 Sqft
$378,000 - $460,000
Reference Base Price*
42.19%
Since May 1, 2020
National-US
Primary Model
Sold Jul 20, 2020
$415,000
$413,000 by Mutual Of Omaha Mortgage Inc
Mortgage Due Jul 01, 2052
Sold Jun 30, 2017
$390,000
$359,990 by M/i Financial Llc
Mortgage Due Jul 01, 2047

About This Property

Approximately 3000 finished sq feet. Home situated on lot that backs to wooded buffer.Large entry foyer invites you into this beautiful property. Gorgeous wood flooring. Open floor plan. Kitchen with white cabinetry, large center island and tons of cooking space open to the dining area and family room.  Fam/rm with gas log fireplace.  Nice master retreat/ all additional bedrooms are gracious in size.  Partially finished basement with bon/room and full bath. Unfinished space for extra bedroom and storage.

The manager has listed the unit size as 3184 square feet.
Unit Size
3,184Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$132
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2017

Price History

Date / Event Date Event Price
Jul 20, 2020 Sold to Anthony Hoffmaster, Diana H... $415,000
Sold to Anthony Hoffmaster, Diana H...
Apr 7, 2020 No longer available -
No longer available
Mar 9, 2020 Price Decreased $419,900
↓ $5K (1.2%)
Price Decreased
Jan 13, 2020 Price Decreased $424,900
↓ $4K (1%)
Price Decreased
Dec 19, 2019 Listed $429,000
Listed
Show More

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 522
  • Garage Type: Garage
  • Garage Square Area: 328
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 3,086
  • Building Area: 3,086
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,086
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRADITIONS SOUTHWEST
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO230 TRADITIONS SOUTHWEST PH1B BM2014-00213

Ownership

  • Current Owner : HOFFMASTER ANTHONY
  • Current Owner 2: HOFFMASTER DIANA
  • Previous Owner : DAVIES KENT A
  • Previous Owner 2: DAVIES KRISTEN J
  • Owner Before Previous Owner: MI HOMES OF RALEIGH LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054205

Zoning

  • Zoning: GR10

Geography

  • Account Number: 0420326
  • District: 19
  • Parcel: 1841.20-92-4356 0420326
  • Lot: 230
  • Municipality: WAKE FOREST
  • Latitude: 35.981
  • Longitude: -78.4949

    Address

  • Full Address: 501 Chestnut Grove Ct
  • Address - House Number: 501
  • Address - Street Name: Chestnut Grove
  • Address - Suffix Type: Ct
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R041
  • 4-Digit Zip Code: 4744
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,500

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 86
  • Final Value: 659,570
  • High Value: 741,212
  • Low Value: 577,929

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $413,000
  • First Open Lien Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 27, 2022
  • First Open Lien Mortgage Loan Amount: $413,000
  • 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: Jul 01, 2052

    Market Valuation

  • Market Total Value: $401,956
  • Market Land Value: $70,000
  • Market Improvement Value: $331,956

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $401,956
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $331,956

    Sales

  • Current Sale Contract Date: Jul 16, 2020
  • Current Sale Recording Date: Jul 20, 2020
  • Current Sale Transaction ID: 11776686789
  • Current Sale Price: $415,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 30, 2017
  • Previous Sale Contract Date: Jun 29, 2017
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HOME BANK
  • First Mortgage Transaction Date: Jul 20, 2020
  • First Mortgage Loan Amount: $359,228
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: M/I FINANCIAL LLC
  • Previous Mortgage Transaction Date: Jun 30, 2017
  • Previous Mortgage Loan Amount: $359,990
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2047



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3.5 Baths
1,827 ft²
$211/ft²
$385,000 May 23, 2024
-
$591/mo
Townhouse
4 Beds
3.5 Baths
2,578 ft²
$174/ft²
$449,000 Apr 23, 2024
-
$429/mo
Townhouse
4 Beds
3.5 Baths
2,255 ft²
$177/ft²
$398,000 May 17, 2024
-
$640/mo
Townhouse
4 Beds
3.5 Baths
2,296 ft²
$174/ft²
$399,900 May 23, 2024
-
$390/mo
Townhouse
4 Beds
3.5 Baths
2,188 ft²
$174/ft²
$379,899 Mar 31, 2024
-
$491/mo
House
3 Beds
2.5 Baths
1,906 ft²
$210/ft²
$399,900 Jan 12, 2024
-
$532/mo
Townhouse
4 Beds
3.5 Baths
2,144 ft²
$175/ft²
$375,000 Apr 19, 2024
-
$802/mo
House
3 Beds
2.5 Baths
1,941 ft²
$232/ft²
$449,900 Apr 11, 2024
-
$299/mo
In Contract
Townhouse
3 Beds
2.5 Baths
1,660 ft²
$214/ft²
$355,000 Nov 14, 2023
-
$461/mo
Townhouse
3 Beds
2.5 Baths
1,635 ft²
$214/ft²
$350,000 May 15, 2024
-
$781/mo
Townhouse
3 Beds
2.5 Baths
1,654 ft²
$211/ft²
$349,000 May 16, 2024
-
$786/mo
Condo
3 Beds
2 Baths
1,513 ft²
$231/ft²
$350,000 Apr 2, 2024
-
$946/mo

About Wake


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Frequently Asked Questions

When was property at 501 Chestnut Grove Court built and last sold?
The property at 501 Chestnut Grove Court was built in 2017 and last sold on Jul 16, 2020 for $415,000.
How much is this home worth?
The estimated value of the home located at 501 Chestnut Grove Court is $441,997.
What are some comparable homes to 501 Chestnut Grove Court?
There are currently no comparable homes to 501 Chestnut Grove Court.

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