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Wake Forest 27587 Highgate Park
528 Pearce Avenue
$287,700
● House - Off Market

528 Pearce Avenue

Wake Forest, NC 27587
bedrooms
2 Beds
bathrooms
2 Baths
square feet
892 Ft²
$281,348
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

This beautiful intown cottage is flooded with natural light.  Light and airy with large windows, this rare find has all appliances included.  Great kitchen.  Large living room / dining room combination. New paint and hardware.  New deck stain. Gleaming laminate flooring.  First floor owners suite with a split bedroom floor plan Front porch and yard with mature landscaping. Walk downtown.  This will be someone's dream home!
Unit Size
892 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$308
Property Type
House
Property Taxes
$137
HOA Dues
$45
Year Built
1998

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Cap Rate Calculator

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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: 2 years ago (TMLS #2459202)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
Jun 29, 2022 Listed by Irby Stinson Realty $275,000
Listed by Irby Stinson Realty
Jul 28, 2005 Sold
Premium
Sold
Mar 25, 1998 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 882
  • Building Area: 882
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 882
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHGATE PARK
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LOE HIGHGATE PARK PH1 BM1996-691

Neighborhood

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

Zoning

  • Zoning: UR

Geography

  • Account Number: 0223862
  • District: 19
  • Subdivision Phase Number: 1
  • Parcel: 1841.19-61-7168 0223862
  • Municipality: WAKE FOREST
  • Latitude: 35.9778
  • Longitude: -78.504

    Address

  • Full Address: 528 Pearce Ave
  • Address - House Number: 528
  • Address - Street Name: Pearce
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: C004
  • 4-Digit Zip Code: 5119
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $167,376

    Appraisal Valuation

  • Standard Deviation: 0.0687
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 96
  • Final Value: 277,600
  • High Value: 296,672
  • Low Value: 258,527

    Market Valuation

  • Market Total Value: $148,385
  • Market Land Value: $36,000
  • Market Improvement Value: $112,385

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $148,385
  • Assessed Land Value: $36,000
  • Assessed Improvements Value: $112,385

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 28, 2005
  • Previous Sale Contract Date: Jul 26, 2005
  • Previous Sale Amount: $94,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Highgate Park

Stats & Trends

Median Asking:

$258,000

Sale Price/ft²

$257

Below Asking

0.04%

Average Days on Market

60

Average Home Size

988 ft²

Average Home Age

29 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 134 W Oak Avenue, Wake Forest, NC, 27587

$1,695 /mo

  • 3 Beds
  • 2 Baths
134 W Oak Avenue, Wake Forest, NC, 27587 Listing by Mylinda Hinton
Unit for rent at 610 E Jones Avenue, Wake Forest, NC, 27587

$1,695 /mo

  • 3 Beds
  • 2 Baths
610 E Jones Avenue, Wake Forest, NC, 27587 Listing by Jeff Stoker
Unit for rent at 338 E Spring Street, Wake Forest, NC, 27587

$1,653 /mo

  • 3 Beds
  • 2 Baths
338 E Spring Street, Wake Forest, NC, 27587 Listing by Nicholas Tempke

Rentals Near You

Click here to view more rentals in the neighborhood.
TMLS

Listed by: Paul Stinson, Irby Stinson Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2459202
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.

Frequently Asked Questions

When was property at 528 Pearce Avenue built and last sold?
The property at 528 Pearce Avenue was built in 1998 and last sold on Jul 15, 2022 for $287,700.
How much is this home worth?
The estimated value of the home located at 528 Pearce Avenue is $0.
What are some comparable homes to 528 Pearce Avenue?
There are currently no comparable homes to 528 Pearce Avenue.
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