OFF MARKET

Off market may 2023 for $560K

$564,105

Est. refi paymentEst. refi $1,423/mo

•

2,397

sq ft

508 Otway Rd, Wake Forest, NC 27587

About this home

ONE LEVEL LIVING! Immaculately maintained custom built home with 3 downstairs bedrooms & a 4th bedroom/bonus room w/ full bath on the 2nd floor. Beautifully manicured yard backs to wooded buffer in highly desirable Heritage. BRAND NEW ROOF installed after photos were taken! So many upgrades & updates. 2023 Roof. 2020 new Trane HVAC, new oven/range. 2019 new carpet, dishwasher, TREX deck and staircase, epoxy garage floor, kitchen tile, exterior painted & more. FLAT FENCED yard with peaceful wooded view. HUGE 1000+ sqft walk-in floored attic has tons of storage for easy downsizing & part could also be finished for additional living space. Perfect for multigenerational living! Front porch, screened back porch, deck & grilling patio. Fridge, washer/dryer/garage freezer convey.

Single-familyProperty Type

2008Year Built

9,583 sq ftLot Size

$235Est. Price/Sq.Ft.

2 car garageParking

Listed by Cal Bennett • Bennett Wells Realty, LTD

Bought with Tina Dahir • Berkshire Hathaway HomeService

Redfin checked: 2 minutes ago

•Source:TMLS #2501288

Redfin Estimate

$564,105

$4,105 since sold in May 2023$6,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 18.7% lower than the average sale price ($694K) of 6 comparable homes.

SOLD SEP 29, 2026
$730,000
A
4 beds3.5 baths3,000 sq ft
1116 Heritage Knoll Dr, Wake Forest, NC 27587
SOLD JUN 1, 2026
$725,000
B
4 beds3 baths2,852 sq ft
317 Heflin Ct, 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 MAY 22, 2026
$720,000
D
4 beds3 baths2,904 sq ft
1236 Fanning Dr, Wake Forest, NC 27587
SOLD JUN 15, 2026
$565,000
E
3 beds3 baths2,442 sq ft
1013 Heritage Hills Way, Wake Forest, NC 27587
SOLD JUL 13, 2026
$675,000
F
4 beds2.5 baths3,370 sq ft
1017 Heritage Greens Dr, Wake Forest, NC 27587

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Earn from this home

Sell

$110,641

Est. take-home

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Refinance

Est. cash available

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Rent

$2,666/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 26 MINS AGO
$775,000
5 beds5.5 baths3,783 sq ft
257 Murray Grey Ln, Wake Forest, NC 27587
NEW 1 HR AGO
$435,000
4 beds2.5 baths2,748 sq ft
1109 Spring Meadow Way, Wake Forest, NC 27587
NEW 3 HRS AGO
$350,000
3 beds2.5 baths1,619 sq ft
1005 Tulip Grove Ln, Wake Forest, NC 27587
NEW 23 HRS AGO
$535,000
2 beds2 baths1,761 sq ft
712 Haven Peak Ln, Wake Forest, NC 27587
NEW 23 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
$246,900
3 beds2.5 baths1,422 sq ft
2904 Gross Ave, Wake Forest, NC 27587
COMING SOON
$469,999
3 beds3 baths2,467 sq ft
426 Piazza Way, Wake Forest, NC 27587
COMING SOON
$299,900
2 beds2.5 baths915 sq ft
1500 River Mill Dr #110, Wake Forest, NC 27587
3D WALKTHROUGH
$700,000
4 beds3.5 baths3,371 sq ft
4700 Studbury Hall Ct, Wake Forest, NC 27587
See all

Provided by Redfin

Sale history for 508 Otway Rd

Date

Event

Price

TMLS #2501288

May 15, 2023

Sold

$560,000

$234/sq ft

Mar 26, 2023

Pending

—

Mar 23, 2023

Listed

$550,000

$229/sq ft

TMLS #2216585

Nov 26, 2018

Sold

$356,000

$149/sq ft

Oct 2, 2018

Contingent

—

Sep 27, 2018

Listed

$356,000

$149/sq ft

+19

Main floor living at it's finest! Beautiful custom built 1.5 story home with 10ft ceilings, open floor plan and newly refinished hardwoods on main. Master and 2 add'l bedrooms on main. Upstairs has 4th bedroom or Bonus with full bath. HUGE attic space can be finished. Screened porch overlooks private backyard that backs up to open space. Irrigation system in front and back. HVAC 2016. Heritage Golf, Swim, Tennis optional.

TMLS #2070817

Sep 8, 2016

Sold

$352,000

$147/sq ft

Aug 7, 2016

Contingent

—

Jul 11, 2016

Price Changed

$359,900

$150/sq ft

Jun 2, 2016

Listed

$369,900

$154/sq ft

+20

Just reduced $10,000! - Master bedroom plus 2 other bedrms on 1st floor! Shows beautifully! 10 ft. ceilings on first floor and hardwoods in DR, FR, KIT, BR, FOYER, HALLS. Upstairs bedroom could be bonus or office (has full bath). Irrigation system in front and back yards. Wired for surround sound. Bright and light plan with views of open space adjacent to backyard. Stainless appliances, granite countertops with tile backsplash - refrig. , washer and dryer to remain. AC and H2O, 2016.

Year

Property tax

Land + Additions

Assessment*

2025

$4,923 (+0.4%)

$130,000 + $393,179

$523,179

2024

$4,904 (+17.5%)

$130,000 + $393,179

$523,179

2023

$4,173 (+4.2%)

$130,000 + $393,179

$523,179

2022

$4,003 (+1.8%)

$65,000 + $292,422

$357,422

2021

$3,934

$65,000 + $292,422

$357,422

2020

$3,934 (−11.7%)

$65,000 + $292,422

$357,422

2019

$4,454 (+5.6%)

$65,000 + $292,422

$357,422

2018

$4,217 (+3.5%)

$60,000 + $297,375

$357,375

2017

$4,076 (+1.3%)

$60,000 + $297,375

$357,375

2016

$4,024 (+8.7%)

$60,000 + $297,375

$357,375

2015

$3,703 (+3.3%)

$60,000 + $297,375

$357,375

2014

$3,584 (+6.2%)

$70,000 + $254,646

$324,646

2013

$3,376

$70,000 + $251,437

$321,437

2012

$3,376 (−14.3%)

$70,000 + $251,437

$321,437

2011

$3,941

$70,000 + $251,437

$321,437

Tax history for 508 Otway Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,923 (+0.4%)

$130,000 + $393,179

$523,179

2024

$4,904 (+17.5%)

$130,000 + $393,179

$523,179

2023

$4,173 (+4.2%)

$130,000 + $393,179

$523,179

2022

$4,003 (+1.8%)

$65,000 + $292,422

$357,422

2021

$3,934

$65,000 + $292,422

$357,422

2020

$3,934 (−11.7%)

$65,000 + $292,422

$357,422

2019

$4,454 (+5.6%)

$65,000 + $292,422

$357,422

2018

$4,217 (+3.5%)

$60,000 + $297,375

$357,375

2017

$4,076 (+1.3%)

$60,000 + $297,375

$357,375

2016

$4,024 (+8.7%)

$60,000 + $297,375

$357,375

2015

$3,703 (+3.3%)

$60,000 + $297,375

$357,375

2014

$3,584 (+6.2%)

$70,000 + $254,646

$324,646

2013

$3,376

$70,000 + $251,437

$321,437

2012

$3,376 (−14.3%)

$70,000 + $251,437

$321,437

2011

$3,941

$70,000 + $251,437

$321,437

*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
Permits

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

9,583 Sq. Ft.

Year renovated

2008

Sq. Ft.

2,351

Year built

2008

Style

Single Family Residential

County

Wake County

APN

1840.11 75 4213 000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 11, 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 Door Opener

Interior

Virtual Tour

Bathroom Information
Bathrooms Full: 3

Bedroom Information
Bedrooms Total: 4

Interior Features
Appliances: Dishwasher, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
Window Features: Blinds
Laundry Features: Main Level
Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, Pantry, Primary Downstairs, Separate Shower, Smooth Ceilings, Soaking Tub, Tray Ceiling(s), Walk-In Closet(s)
Fireplace: Yes
Fireplace Features: Gas Log, Living Room
Fireplaces Total: 1
Flooring: Hardwood, Tile

Room Information
Crawl Space

Exterior

Building Information
Construction Materials: Fiber Cement, Stone
Building Area Total: 2397.0
Structure Type: Site Built

Exterior Features
Patio and Porch Features: Deck, Patio, Porch, Screened
Exterior Features: Fenced Yard, Rain Gutters

Pool Information
Pool Features: Swimming Pool Com/Fee

Property information
Above Grade Finished Area: 2397.0
Below Grade Finished Area: 0.0
Levels: Two
Ownership Type: Other

Lot Information
Lot Size Acres: 0.22
Lot Size Area: 0.22
Lot Size Dimensions: see county plat
Lot Size Square Feet: 9583.2
Lot Size Units: Acres
Zoning: GR5

Financial

Tax Information
Tax Annual Amount: 4003.0

Financial Information
Buyer Financing: Conventional

Utilities

Utility Information
Sewer: Public Sewer
Utilities: Cable Available
Water Source: Public

Heating & Cooling
Heating: Yes
Heating Information: Forced Air, Natural Gas, Zoned
Cooling: Yes
Cooling Information: Central Air, Electric

Location

HOA Information
Association: Yes
Association Name: Charleston Management
Association Amenities: Golf Course, Tennis Court(s), Trail(s)
Association Fee: 285.0
Association Fee Frequency: Annually
Association Fee 2: 0.0
Association Fee Includes: Storm Water Maintenance

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

Location Information
County Or Parish: Wake
Directions: US1N/Capital Blvd. North from Raleigh, R on 1A at Wake Forest, R on Rogers Rd., L on Heritage Lake Rd., L on Heritage Hills Way, L on Otway.
Latitude: 35.961479
Longitude: -78.501861
Postal Code: 27587

Community Information
Community Features: Playground

Public facts

Beds: —
Baths: 3.0
Sq. Ft.: 2,351
Stories: 1.0
Lot Size: 9,583 square feet
Style: Single Family Residential
Year Built: 2008
Year Renovated: 2008
County: Wake County
APN: 1840.11 75 4213 000

Home facts updated by county records on Aug 10, 2026

Other

hidden custom fields
Main Level

Listing Date Information
Contract Status Change Date: 2023-05-15
Documents Change Timestamp: 2024-06-15T00:42:19.000Z

Around this home

Schools

Heritage Elementary

Public PreK-5 • Assigned • 1.1mi

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

6/10 Heat Factor

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

6/10 Wind Factor

52% 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

$536,000 – $649,000

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New listings for sale in 27587

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NEW 23 HRS AGO3D WALKTHROUGH

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COMING SOON

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1500 River Mill Dr #110, Wake Forest, NC 27587

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Home values near 508 Otway Rd

Data from public records.

Address	Redfin Estimate
501 Otway Road, Wake Forest, NC 3 Beds \| 3 Baths \| 2528 Sq. Ft.	$615,022
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 2023. This data may not match . 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 508 Otway Rd

Tax history for 508 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 508 Otway Rd

More real estate resources