Welcome to 516 Deacon Ridge Street, located in the established Deacons Ridge subdivision of Wake Forest. This home features a first-floor primary suite, a finished walk-out lower level with a dedicated home theater, and a backyard with mature trees and a seasonal stream, all conveniently located just off NC-98 and only 0.8 miles from the heart of Downtown Wake Forest. A covered wraparound front porch welcomes you inside, where soaring ceilings and hardwood floors create an inviting first impression. The living room features a gas log fireplace and flows into the formal dining room with classic wainscoting, creating distinct spaces that remain connected throughout the main level. The kitchen features granite countertops, stainless steel appliances, a breakfast bar, pantry, and abundant cabinet space. The adjoining breakfast nook is surrounded by three large windows that fill the space with natural light and overlook the backyard. The main-level primary suite includes a walk-in closet and an ensuite bathroom with dual vanities, a soaking tub, and a separate shower. One of the home's standout features is the finished walk-out lower level with new luxury vinyl plank flooring throughout. This versatile space includes a dedicated home theater with a projector and screen that convey with the home, a large recreation room, an additional flex area for hobbies, fitness, a game table, or casual seating, a full bathroom, an oversized walk-in closet, and generous unfinished space for a workshop or additional storage with convenient exterior access. Sliding glass doors lead directly to the covered lower patio, extending the living space outdoors. Upstairs, a freshly painted bonus room with a built-in twin bed and closet offers flexibility as a guest room, home office, or bonus room. Two additional bedrooms, a full bathroom, and a conveniently located laundry room complete the second floor. The upper deck overlooks a backyard with mature trees and a seasonal stream along the rear of the property that flows after periods of rain. The covered patio below provides another outdoor space for relaxing, dining, or spending time with family and friends. Recent improvements include a new roof installed in 2023, one furnace replaced in 2023, one of the home's three air conditioning units replaced in 2023, a gas water heater replaced in 2025, fresh interior paint throughout the first and second floors, freshly painted basement trim and ceilings, and new carpet installed on the stairs, throughout the second floor, and in the primary bedroom. Beyond the home itself, the location is hard to beat. Just 0.8 miles from the heart of Downtown Wake Forest, you'll enjoy quick access to locally owned restaurants, coffee shops, boutiques, parks, and the town's year-round events and festivals. Whether you're meeting friends for dinner, grabbing a morning coffee, or spending an afternoon downtown, it's all just minutes away. Convenient access to NC-98 and other major commuting routes makes getting around the Triangle just as easy. Whether you're looking for room to spread out, dedicated spaces for entertaining, work, or hobbies, or quick access to everything Downtown Wake Forest has to offer, 516 Deacon Ridge Street brings it all together in one thoughtfully designed home.
Show and sell - reduced $20,000! Beautiful home with many upgrades and extras and listed below tax value. Two story plus basement with large living room with high ceilings, heavy trim throughout, first floor master, large finished basement with deck and deck on main floor too. Additional bedrooms plus bonus upstairs. If you are looking for space at a great price this is it!
Public Records
Mar 3, 2003
Sold
$29,000
$8/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,189 (+0.4%)
$80,000 + $471,551
$551,551
2024
$5,169 (+31.0%)
$80,000 + $471,551
$551,551
2023
$3,947 (+4.2%)
$80,000 + $471,551
$551,551
2022
$3,786 (+1.8%)
$60,000 + $277,922
$337,922
2021
$3,720
$60,000 + $277,922
$337,922
2020
$3,720 (+0.5%)
$60,000 + $277,922
$337,922
2019
$3,701 (+5.6%)
$60,000 + $277,922
$337,922
2018
$3,504 (+3.5%)
$40,000 + $256,695
$296,695
2017
$3,387 (+1.3%)
$40,000 + $256,695
$296,695
2016
$3,344 (−6.0%)
$40,000 + $256,695
$296,695
2015
$3,557 (+3.3%)
$40,000 + $256,695
$296,695
2014
$3,443 (+5.1%)
$56,000 + $255,796
$311,796
2013
$3,275
$56,000 + $255,796
$311,796
2012
$3,275
$56,000 + $255,796
$311,796
2011
$3,275
$56,000 + $255,796
$311,796
Public record
Public record
Zoning
Beds
—
Baths
3.5
Stories
1.5
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
2003
Finished Sq. Ft.
3,571
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,571
Year built
2003
Style
Single Family Residential
County
Wake County
APN
1840.07 68 0558 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 25, 2026.
GR3
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.
Climate risks
6/10 Flood Factor
Estimated 62-76% chance 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
59% 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)
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
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 516 Deacon Ridge St
$527,204
$7,796 under list price of $535K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $458K to $738K.