tomo logo

$389,000

Beds
4
Baths
1.5
sq ft
1,846

4208 Louisbury Road, Wake Forest, NC 27587

4208 Louisbury Road

Wake Forest, NC 27587

  • 51 days on market
    • Price drop $35,999↓
Rare 2.5-Acre Opportunity - No HOA! This expansive 2.5-acre flat lot offers endless possibilities—build, invest, or develop in a rapidly growing area just minutes from Raleigh, Hwy 401, and major shopping. With no HOA or restrictions, you have the freedom to create your vision. The property is mostly cleared, with a wooded section for added privacy. The existing home is sold ''AS-IS'', making it ideal for renovation or redevelopment. Potential options for subdividing the land for HIGHEST AND BEST USE. Don't miss this prime investment in a high-demand location—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$377,992

Property condition

Fixer

Lot size

2.49 acres

Price per sq ft

$211

Year built

1926

Annual property taxes

$1,953.79

Price History

02/02/2025
TriangleMLS

TriangleMLS #10068859

Price change
$389,000
-8.47%
01/02/2025
TriangleMLS

TriangleMLS #10068859

Listed
$424,999
-26.07%
12/15/2024
TriangleMLS

TriangleMLS #10002490

Removed
$574,900

Schools & Community

Elementary school: 

Wake - Sanford Creek

Middle school: 

Wake - Rolesville

High school: 

Wake - Rolesville

Community features: 

None

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

Nationwide Equities Corporation

Loan start date

April 2022

Original loan amount

$525,000

Est. remaining balance

Not provided

Interest rate

3.92%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 77 year

Seller

Becky Joyee Allen

Lender

American Advisors Group

Loan start date

June 2020

Original loan amount

$409,500

Est. remaining balance

Not provided

Interest rate

4.18%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 79 year

Seller

Becky Joyce Allen

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 2:15 PM

Listing updated: 02/18/2025 at 9:51 AM

Listed by: Kristina Frances Argenal, Keller Williams Preferred Realty Phone #: (919) 471-8000

MLS: TriangleMLS #10068859

TriangleMLS logo

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