When was property at 554 Derby Lane built and last sold?

The property at 554 Derby Lane was built in 1995 and last sold on May 16, 2023 for $335,000.

How much is this home worth?

The estimated value of the home located at 554 Derby Lane is $343,360.

What are some comparable homes to 554 Derby Lane?

There are currently no comparable homes to 554 Derby Lane.

Franklin

27587

554 Derby Lane

$335,000

● House - Off Market

554 Derby Lane

Wake Forest, NC 27587

3 Beds

2 Baths

1,247 Ft²

$347,675

RealtyHop Estimate

0.78%

Since Jun 1, 2023

National-US

Primary Model

About This Property

LOCATION ALERT!!! Main floor living close to both downtown Wake Forest and downtown Youngsville! Have all that neighborhood living offers with the privacy and shade of 1.25 acres of wooded surroundings! An amazing screened porch to enjoy the backyard and a great area for your pups to enjoy being outside as well! Major upgrades already completed for you, including new smooth ceilings, new paint throughout, the hardwoods have been refinished, and the vinyl is new throughout as well! Close to Flaherty park (including Pickleball) and various walking trails. A RARE opportunity - schedule a showing today!

Unit Size

1,247 Ft²

Days on Market

Land Size

1.25 acres

Price per sqft

$277

Property Type

House

Property Taxes

$122

HOA Dues

Year Built

1995

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (TMLS #2499914)

Price History

Date / Event	Date	Event
May 23, 2023	Sold	Premium
Sold
Mar 16, 2023	Listed by WHY REALTY GROUP/KW Realty Platinum	$345,000
Listed by WHY REALTY GROUP/KW Realty Platinum
Feb 28, 2001	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1995

Effective Year Built: 1995
Total Rooms: 5
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Bathroom Plumbing Fixtures: 8
Building Condition: 6
Building Quality: 7
Construction Type: 0
Building Style: 19
Exterior Walls Type: 19
Interior Walls Type: 3
Roof Shape Type: 1
Roof Cover Type: 15
Floor Count: 100
Floor Cover: 9
Basement Type: 5
Basement Area: 1,195
Garage Type: 23
Garage Square Area: 308
Parking Space Count: 0
Patio Type: 0
Porch Type: 4
Pool Type: 0

Dimensions

Lot Size Square Feet: 54,450

Total Building Area: 1,195
Building Area: 1,195
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 24
Heated Square Feet: 1,195
Heating Fuel Type: 2

Utilities

Sewer System: 4

Water Service: 5

Building

Building Type: 0

Property Class: R
Subdivision: YOUNG FOREST III LOT
Land Acres: 0000001250
Standard Land Use Code: 1001
County Land Use Code: D
Legal Description 1: PRF 3 SL 90/207

Neighborhood

School District Name: Franklin County Schools

Census Tract: 060502

Zoning

Zoning: FCO R-30

Geography

District: 103

Parcel: 026994
Lot: 63
Municipality: YOUNGSVILLE
Latitude: 36.0015
Longitude: -78.4833

Address

Full Address: 554 Derby Ln

Address - House Number: 554
Address - Street Name: Derby
Address - Suffix Type: Ln
State: NC
City Name: Wake Forest
Carrier Code: R019
4-Digit Zip Code: 5502
Zip Code: 27587

Valuation

Tax

Tax Year: 2023

Tax Amount: $147,060
Tax Rate Code Area: YGSF

Appraisal Valuation

Standard Deviation: 0.2429

Valuation Date: Sep 21, 2023
Confidence Score: 65
Final Value: 315,286
High Value: 391,885
Low Value: 238,687

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

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First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

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First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $154,490

Market Land Value: $40,250
Market Improvement Value: $114,240

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $154,490
Assessed Land Value: $40,250
Assessed Improvements Value: $114,240

Sales

Current Sale Contract Date: May 16, 2023

Current Sale Recording Date: May 23, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 10075549
Previous Sale Recording Date: Feb 28, 2001
Previous Sale Contract Date: Feb 28, 2001
Previous Sale Amount: $112,000
Previous Sale Document Type: 27

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

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First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Franklin

Stats & Trends

Median Asking:

$380,000

Sale Price/ft²

$199

Below Asking

0.02%

Average Days on Market

Average Home Size

2346 ft²

Average Home Age

15.2 years

Currently For Sale

456 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 338 E Spring Street, Wake Forest, NC, 27587

$1,895 /mo

3 Beds
2 Baths

338 E Spring Street, Wake Forest, NC, 27587 Listing by Nicholas Tempke

Unit for rent at 305 Amaryllis Way, Wake Forest, NC, 27587

$1,950 /mo

3 Beds
2 Baths
1,610 ft²

305 Amaryllis Way, Wake Forest, NC, 27587 Listing by Spencer Southern

Unit for rent at 119 N Franklin Street, Wake Forest, NC, 27587

$1,980 /mo

3 Beds
2 Baths

119 N Franklin Street #100, Wake Forest, NC, 27587 Listing by Carmelina Rose Hall

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Valerie DeLoach, WHY REALTY GROUP/KW Realty Platinum
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2499914

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.

554 Derby Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Franklin

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions