Wake Forest Investor Opportunity - House + Adjoining Lot | Price Reduced $20,000 | Priced to Sell Back on the market! Property not at fault. This creates an excellent opportunity for the next investor to capitalize on a deal that's now priced $20,000 below its previous list price for a quick sale. Located just outside downtown Wake Forest with convenient access to Raleigh via US-1 and Capital Blvd. , this investment includes a 3-bedroom, 1-bath home on a 0.37-acre lot plus an additional adjoining lot that is included in the sale, providing added flexibility and long-term value. The existing one-story home features a solid footprint that's ideal for a straightforward renovation. Whether you're looking to renovate and flip, renovate and hold as a rental, or explore the potential of the additional adjoining lot (buyer to verify all intended uses), this property offers multiple exit strategies that are difficult to find at this price point. This is a rare opportunity to acquire a home with an extra adjoining lot in one of Wake Forest's fastest-growing areas at a compelling price. With the recent $20,000 price reduction, the property is priced to sell immediately. Cash or hard money preferred. Serious inquiries only. Don't miss this second chance—schedule your showing today.
Single-familyProperty Type
1963Year Built
0.37 acresLot Size
$113Price/Sq.Ft.
1 spaceParking
Listed by Chosen Realty of NC Huscroft• Chosen Real Estate Group
Est. $1,783 per month, based on comparable rentals
Sale and tax history for 13004 Powell Rd
Sale History
Tax History
Date
Event
Price
TMLS #10175057
Aug 5, 2026
Sold
$130,000
$113/sq ft
Jul 28, 2026
Pending
—
Jul 20, 2026
Price Changed
$149,900
$130/sq ft
Jul 20, 2026
Relisted
—
Jun 30, 2026
Pending
—
Jun 18, 2026
Listed
$169,900
$148/sq ft
Public Records
Apr 30, 2026
Sold
$80,000
$70/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,104 (+2.9%)
$76,500 + $92,943
$169,443
2024
$1,072 (+129.2%)
$76,500 + $92,943
$169,443
2023
$468 (+7.6%)
$76,500 + $92,943
$169,443
2022
$435 (+2.6%)
$51,000 + $62,384
$113,384
2021
$424 (−47.3%)
$51,000 + $62,384
$113,384
2020
$803 (+3.8%)
$51,000 + $62,384
$113,384
2019
$774 (+8.6%)
$51,000 + $62,384
$113,384
2018
$713 (+5.4%)
$45,000 + $47,328
$92,328
2017
$676 (+2.0%)
$45,000 + $47,328
$92,328
2016
$663 (−3.2%)
$45,000 + $47,328
$92,328
2015
$685 (+5.4%)
$45,000 + $47,328
$92,328
2014
$650 (+6.9%)
$52,000 + $43,807
$95,807
2013
$608
$52,000 + $43,807
$95,807
2012
$608
$52,000 + $43,807
$95,807
2011
$608
$52,000 + $43,807
$95,807
Public record
Public record
Zoning
Permits
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.37 Acres
Year renovated
1963
Sq. Ft.
1,120
Year built
1963
Style
Single Family Residential
County
Wake County
APN
1822.01 36 5280 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 11, 2026.
R-40W
Residential-40 Watershed District
The R-40W zoning districts are known as residential watershed districts. These districts allow very-low-density residential development in the form of single-family detached dwellings and duplexes. A limited number of nonresidential uses are also allowed, but generally only if the Board of Adjustment first reviews and approves a site plan and Special Use Permit for such use.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Mobile home park
Park & open space
Aug 19, 2019 • Final
Commercial or residential - change of service
Replace the electrical mast kit, meter and main breaker combination, and grounding and bonding systems. Install a new service entrance cable to the sub-panel.
Electrical
Jun 8, 2017 • Final
Residential or farm trade permit. electrical, mechanical or plumbing
Install a wood burning stove with venting through the roof.
HVAC
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Carport: Yes
Carport Spaces: 1
Interior
Bathroom Information
Bathrooms Full: 1
Bedroom Information
Bedrooms Total: 3
Main Level Bedrooms: 3
Interior Features
Flooring: Carpet, Hardwood
Exterior
Building Information
Construction Materials: Aluminum Siding
Building Area Total: 1150.0
Structure Type: Site Built
Exterior Features
Roof: Shingle
Property information
Living Area: 1,150
Above Grade Finished Area: 1150.0
Below Grade Finished Area: 0.0
Levels: One
Lot Information
Lot Size Acres: 0.37
Lot Size Area: 0.37
Lot Size Square Feet: 16117.0
Lot Size Units: Acres
Zoning: R-40W
Financial
Tax Information
Tax Annual Amount: 1103.76
Financial Information
Buyer Financing: Other
Utilities
Utility Information
Sewer: Septic Tank
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water Source: Well
Heating & Cooling
Heating: No
Heating Information: Electric, None
Cooling: No
Cooling Information: None
Location
HOA Information
Association: No
Location Information
County Or Parish: Wake
Directions: From Wake Forest Memorial Veterans Park (3609 Purnell Rd), head toward Pamplona Dr for about 0.4 mile. Turn right onto Garffe Sherron Rd and continue approximately 0.2 mile through a quiet residential area. Turn right onto Powell Rd. The property will be a short distance ahead on the right, near the corner of Powell Rd and Garffe Sherron Rd, set back on a wooded lot. Total distance approximately 0.7 mile.
Latitude: 36.019335
Longitude: -78.582094
Postal Code: 27587
Road Responsibility: Public Maintained Road
Community Information
Senior Community: No
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,120
Stories: 1.0
Lot Size: 0.37 acres
Style: Single Family Residential
Year Built: 1963
Year Renovated: 1963
County: Wake County
APN: 1822.01 36 5280 000
Home facts updated by county records on Aug 10, 2026
Other
Listing Date Information
Contract Status Change Date: 2026-08-05
Documents Change Timestamp: 2026-06-18T21:41:33Z
Photos Change Timestamp: 2026-06-18T21:41:33Z
Price Change Timestamp: 2026-07-21T02:52:06Z
Listing Price Information
Previous List Price: 169900.0
Around this home
Schools
North Forest Pines Elementary
Public PreK-5 • Assigned • 4.9mi
6/10
Wakefield Middle
Public 6-8 • Assigned • 5.1mi
8/10
Wakefield High
Public 9-12 • Assigned • 5.0mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 106° expected this year, 17 days in 30 years
6/10 Wind Factor
48% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Wake Forest, NC • 27587
Average low and high temperatures (°F)
48
29
54
35
70
46
78
54
79
59
89
69
91
74
81
67
80
65
72
52
65
45
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 23% for direct sun exposure in Wake Forest. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$160,000 – $193,000
Sell confidently with a local market expert in Wake Forest.