tomo logo

$595,000

Beds
5
Baths
3.5
sq ft
2,924

1031 Wait Avenue, Wake Forest, NC 27587

1031 Wait Avenue

Wake Forest, NC 27587

  • 10 days on market
Fantastic opportunity to own not just one home but two homes near history downtown in Wake Forest. The main home has 3 bedrooms and 2.5 bathrooms (1,791 sq ft) with very tasteful upgrades. Two gas log fireplaces and its own carport. The second home has 2 bedrooms and 1 bathroom (stand alone shower) (1,133 sq ft). Could be great interment property/rental or an in law house. Second home has also its own carport. The lot is a little less than an acre with amazing privacy and very centrally located. Connected to city water/sew. Must see!

Details

Property type

Single Family Residence

Est. home value

$449,063

Lot size

0.75 acres

Price per sq ft

$204

Year built

1987

Annual property taxes

$4,481

Price History

02/12/2025
TriangleMLS

TriangleMLS #10076069

Listed
$595,000

Schools & Community

Elementary school: 

Wake - Richland Creek

Middle school: 

Wake - Rolesville

High school: 

Wake - Wake Forest

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wachovia Bank Na

Loan start date

October 2006

Original loan amount

$44,500

Est. remaining balance

Not provided

Interest rate

8.25%

Loan type

Credit Line (Revolving), 40 year

Seller

Phil D Sykes

Lender

First Union National Bank

Loan start date

May 1999

Original loan amount

$12,405

Est. remaining balance

Not provided

Interest rate

6.98%

Loan type

Not Provided

Seller

Philip D Sykes

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/22/2025 at 1:55 PM

Listing updated: 02/18/2025 at 10:01 AM

Listed by: Robin Samuel Franc Hug, Mark Spain Real Estate Phone #: (770) 886-9000

MLS: TriangleMLS #10076069

TriangleMLS logo

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