OFF MARKET

Off market oct 2020 for $425K

$615,022

Est. refi paymentEst. refi $3,395/mo

•

2,528

sq ft

501 Otway Rd, Wake Forest, NC 27587

About this home

Don't miss this corner lot home with a POOL! This Heritage home has all main living on the first floor! Large and open entertaining space, highlighted by a massive kitchen island and high ceilings. A wall of windows allow natural light and views of the meticulously landscaped yard & private salt-water pool! The backyard is lined with greenery with a natural stone retaining wall. The owner's suite bathroom was redesigned with custom herringbone tile and walk-in shower powered by a tankless water heater.

Single-familyProperty Type

2010Year Built

10,018 sq ftLot Size

$243Est. Price/Sq.Ft.

2 car garageParking

Listed by Chris Webb • Property Specific, LLC

Bought with Pappalardo Real Estate Group Pappalardo • Keller Williams Preferred Realty

Redfin checked: 2 minutes ago

•Source:TMLS #2337354

Redfin Estimate

$615,022

$190K since sold in October 2020$8,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10% lower than the average sale price ($683K) of 6 comparable homes.

SOLD JUN 15, 2026
$565,000
A
3 beds3 baths2,442 sq ft
1013 Heritage Hills Way, Wake Forest, NC 27587
SOLD SEP 29, 2026
$730,000
B
4 beds3.5 baths3,000 sq ft
1116 Heritage Knoll Dr, Wake Forest, NC 27587
SOLD OCT 9, 2026
$750,000
C
4 beds3.5 baths2,849 sq ft
409 Otway Rd, Wake Forest, NC 27587
SOLD JUN 2, 2026
$610,000
D
3 beds3 baths2,300 sq ft
512 Dimock Way, Wake Forest, NC 27587
SOLD JUN 1, 2026
$725,000
E
4 beds3 baths2,852 sq ft
317 Heflin Ct, Wake Forest, NC 27587
SOLD MAY 22, 2026
$720,000
F
4 beds3 baths2,904 sq ft
1236 Fanning Dr, Wake Forest, NC 27587

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Earn from this home

Sell

$278,635

Est. take-home

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Refinance

Est. cash available

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Rent

$2,698/mo

Redfin rental estimate

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Market trends in 27587, NC

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

98.5%

0.2% MoM

Median sale price

$502K

$8K MoM

Avg. days on market

54d

12 days MoM

Recently sold homes

414

52 MoM

New listings for sale

NEW 2 HRS AGO
$549,900
5 beds4 baths3,100 sq ft
2101 Birdhouse Ln, Wake Forest, NC 27587
COMING SOON
$760,000
4 beds3.5 baths3,317 sq ft
1513 Heritage Reserve Ct, Wake Forest, NC 27587
OPEN SAT, 11AM TO 1PM
$650,000
3 beds2.5 baths2,217 sq ft
957 Coast Grade St, Wake Forest, NC 27587
NEW 3 HRS AGO
$2,349,000
4 beds5 baths5,786 sq ft
2113 Blue Haven Ct, Wake Forest, NC 27587
NEW 3 HRS AGO
$775,000
5 beds5.5 baths3,783 sq ft
257 Murray Grey Ln, Wake Forest, NC 27587
OPEN SAT, 12PM TO 2PM
$435,000
4 beds2.5 baths2,748 sq ft
1109 Spring Meadow Way, Wake Forest, NC 27587
NEW 6 HRS AGO
$350,000
3 beds2.5 baths1,619 sq ft
1005 Tulip Grove Ln, Wake Forest, NC 27587
NEW 26 HRS AGO
$535,000
2 beds2 baths1,761 sq ft
712 Haven Peak Ln, Wake Forest, NC 27587
NEW 26 HRS AGO
$675,000
4 beds2.5 baths2,711 sq ft
8012 Fairlake Dr, Wake Forest, NC 27587
$245,000
2 beds2.5 baths1,443 sq ft
1429 Montonia St, Wake Forest, NC 27587
See all

Provided by Redfin

Sale history for 501 Otway Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,572 (+0.4%)

$130,000 + $400,714

$530,714

2024

$4,554 (+21.5%)

$130,000 + $400,714

$530,714

2023

$3,750 (−8.5%)

$130,000 + $400,714

$530,714

2022

$4,099 (+1.8%)

$65,000 + $300,957

$365,957

2021

$4,027

$65,000 + $300,957

$365,957

2020

$4,027 (−6.7%)

$65,000 + $300,957

$365,957

2019

$4,318 (+5.6%)

$65,000 + $300,957

$365,957

2018

$4,088 (+3.5%)

$60,000 + $286,391

$346,391

2017

$3,952 (+2.5%)

$60,000 + $286,391

$346,391

2016

$3,856 (+1.0%)

$60,000 + $286,391

$346,391

2015

$3,819 (+3.3%)

$60,000 + $282,361

$342,361

2014

$3,697 (+5.1%)

$70,000 + $264,948

$334,948

2013

$3,517

$70,000 + $264,948

$334,948

2012

$3,517

$70,000 + $264,948

$334,948

2011

$3,517

$70,000 + $264,948

$334,948

Tax history for 501 Otway Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,572 (+0.4%)

$130,000 + $400,714

$530,714

2024

$4,554 (+21.5%)

$130,000 + $400,714

$530,714

2023

$3,750 (−8.5%)

$130,000 + $400,714

$530,714

2022

$4,099 (+1.8%)

$65,000 + $300,957

$365,957

2021

$4,027

$65,000 + $300,957

$365,957

2020

$4,027 (−6.7%)

$65,000 + $300,957

$365,957

2019

$4,318 (+5.6%)

$65,000 + $300,957

$365,957

2018

$4,088 (+3.5%)

$60,000 + $286,391

$346,391

2017

$3,952 (+2.5%)

$60,000 + $286,391

$346,391

2016

$3,856 (+1.0%)

$60,000 + $286,391

$346,391

2015

$3,819 (+3.3%)

$60,000 + $282,361

$342,361

2014

$3,697 (+5.1%)

$70,000 + $264,948

$334,948

2013

$3,517

$70,000 + $264,948

$334,948

2012

$3,517

$70,000 + $264,948

$334,948

2011

$3,517

$70,000 + $264,948

$334,948

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

10,018

Year renovated

2025

Sq. Ft.

2,528

Year built

2010

Style

Single Family Residential

County

Wake County

APN

1840.12 75 5375 000

Parking Spaces

Basement

Accessible

Yes

HOA Dues

$289 /month

Garage

Yes

Features

Views, Green, Pool

Last updated by owner on Sep 30, 2026.

GR5

General Residential

The General Residential District are established to maintain previously developed suburban residential subdivision for their existing and approved low-to medium density single family dwelling and related recreational, religious and education facilities. Intended to act as a transitional zoning district between rural development in the country and the urban development of the town these regulation are further intended to discourage any use which would be detrimental to the predominately residential nature of the area included within the district.

Property details

Parking

Parking Information
Garage: Yes
Garage Spaces: 2
Parking Features: Garage, Garage Faces Side

Interior

Bathroom Information
Bathrooms Full: 3

Bedroom Information
Bedrooms Total: 3

Interior Features
Appliances: Gas Cooktop, Tankless Water Heater, Wall Oven
Laundry Features: Laundry Room
Interior Features: Cathedral Ceiling(s), Coffered Ceiling(s), Entrance Foyer, Granite Counters, Primary Downstairs, Walk-In Closet(s), Walk-In Shower
Fireplace: Yes
Fireplace Features: Gas Log
Fireplaces Total: 1
Flooring: Carpet, Hardwood

Exterior

Building Information
Construction Materials: Fiber Cement, Stone
Building Area Total: 2528.0
Builder Name: Biltmore Homes
Structure Type: Site Built

Exterior Features
Patio and Porch Features: Patio, Porch, Screened
Exterior Features: Fenced Yard, Lighting

Pool Information
Pool Features: In Ground, Salt Water

Property information
Accessibility Features: Accessible Washer/Dryer
Above Grade Finished Area: 2528.0
Below Grade Finished Area: 0.0
Levels: One and One Half
Ownership Type: Other

Green Features
Green Water Conservation: Water-Smart Landscaping

Lot Information
Lot Size Acres: 0.23
Lot Size Area: 0.23
Lot Size Dimensions: 75x127x75x127
Lot Size Square Feet: 10018.8
Lot Size Units: Acres

Financial

Tax Information
Tax Annual Amount: 4027.0

Financial Information
Buyer Financing: VA

Utilities

Utility Information
Sewer: Public Sewer
Water Source: Public

Heating & Cooling
Heating: Yes
Heating Information: Natural Gas, Zoned
Cooling: Yes
Cooling Information: Zoned

Location

HOA Information
Association: Yes
Association Name: Charleston Management
Association Fee: 289.0
Association Fee Frequency: Annually
Association Fee 2: 0.0

School Information
Elementary School: Wake - Heritage
Middle Or Junior School: Wake - Heritage
High School: Wake - Heritage

Location Information
County Or Parish: Wake
Directions: l-540 East to US1 North/Capital Blvd. Right ontoDr Calvin Jones Hwy. Right onto Heritage Lake Road. Right onto Friendship Chapel Road. Left onto Heritage Hills Way. Right onto Owtay Rd. Home will be on the left.
Latitude: 35.961777
Longitude: -78.501315
Postal Code: 27587

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 2,528
Stories: 1.0
Parking Spaces: 2
Basement: No
Accessible: Yes
Lot Size: 10,018 square feet
Style: Single Family Residential
Year Built: 2010
Year Renovated: 2025
County: Wake County
APN: 1840.12 75 5375 000
HOA Dues: $289/month
Garage: Yes
Features: Views, Green, Pool

Home facts updated by owner on Sep 30, 2026

Other

hidden custom fields
Laundry Room

Listing Date Information
Contract Status Change Date: 2020-10-29
Documents Change Timestamp: 2024-06-17T20:35:31.000Z

Around this home

Schools

Heritage Elementary

Public PreK-5 • Assigned • 1.2mi

9/10

Heritage Middle

Public 6-8 • Assigned • 1.0mi

10/10

Heritage High School

Public 9-12 • Assigned • 1.4mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

7/10 Heat Factor

7 days above 106° expected this year, 17 days in 30 years

6/10 Wind Factor

53% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Wake Forest, NC • 27587

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

9 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$585,000 – $708,000

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New listings for sale in 27587

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Fenced backyard • Gourmet kitchen • Screened porch

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Private office • Formal dining room • Triple crown molding

OPEN SAT, 11AM TO 1PM

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957 Coast Grade St, Wake Forest, NC 27587

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NEW 3 HRS AGO

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4 beds5 baths5,786 sq ft

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NEW 3 HRS AGO

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OPEN SAT, 12PM TO 2PM

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NEW 6 HRS AGO3D WALKTHROUGH

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Cozy fireplace • Spacious bonus room • Downtown wake forest

NEW 26 HRS AGO

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2 beds2 baths1,761 sq ft

712 Haven Peak Ln, Wake Forest, NC 27587

Rear deck • Bright sunroom • Broad kitchen island

NEW 26 HRS AGO3D WALKTHROUGH

$675,000

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Whirlpool tub • Double vanities • Stone fireplace

Home values near 501 Otway Rd

Data from public records.

Address	Redfin Estimate
508 Otway Road, Wake Forest, NC 4 Beds \| 3 Baths \| 2397 Sq. Ft.	$564,105
421 Otway Road, Wake Forest, NC 3 Beds \| 2 Baths \| 2232 Sq. Ft.	$521,926

Address	Redfin Estimate
516 Otway Road, Wake Forest, NC 4 Beds \| 3 Baths \| 2952 Sq. Ft.	$660,504
505 Otway Road, Wake Forest, NC 4 Beds \| 4 Baths \| 3749 Sq. Ft.	$708,623

Address	Redfin Estimate
504 Otway Road, Wake Forest, NC 3 Beds \| 3 Baths \| 2222 Sq. Ft.	$545,646
500 Otway Road, Wake Forest, NC 3 Beds \| 3.5 Baths \| 2743 Sq. Ft.	$622,591

Property information provided by TMLS when last listed in 2020. This data may not show owner updates. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 27587, NC

Sale history for 501 Otway Rd

Tax history for 501 Otway Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 27587

Home values near 501 Otway Rd

More real estate resources