OFF MARKET

Off market mar 2012 for $347K

$660,504

•

2,952

sq ft

516 Otway Rd, Wake Forest, NC 27587

About this home

Single-familyProperty Type

2011Year Built

0.29 acresLot Size

$224Est. Price/Sq.Ft.

2 car garageParking

Listed by Cristi Green • DR Horton-Terramor Homes, LLC

Bought with Kenna Phillips • Long & Foster Real Estate INC/Stonehenge

Redfin checked: a few seconds ago

•Source:TMLS #1814046

Redfin Estimate

$660,504

$313K since sold in March 2012$7,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10.2% lower than the average sale price ($736K) of 6 comparable homes.

SOLD OCT 9, 2026
$750,000
A
4 beds3.5 baths2,849 sq ft
409 Otway Rd, 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 JUN 26, 2026
$815,000
C
4 beds3.5 baths3,251 sq ft
1220 Heritage Hills Way, Wake Forest, NC 27587
SOLD JUL 13, 2026
$675,000
D
4 beds2.5 baths3,370 sq ft
1017 Heritage Greens Dr, 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

$438,506

Est. take-home

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Rent

$3,099/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 7 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 516 Otway Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,794 (+0.4%)

$130,000 + $486,157

$616,157

2024

$5,772 (+21.1%)

$130,000 + $486,157

$616,157

2023

$4,765 (+4.2%)

$130,000 + $486,157

$616,157

2022

$4,571 (+1.8%)

$65,000 + $343,366

$408,366

2021

$4,492

$65,000 + $343,366

$408,366

2020

$4,492 (−7.4%)

$65,000 + $343,366

$408,366

2019

$4,850 (+5.6%)

$65,000 + $343,366

$408,366

2018

$4,592 (+3.5%)

$60,000 + $329,266

$389,266

2017

$4,438 (+1.3%)

$60,000 + $329,266

$389,266

2016

$4,381 (+3.2%)

$60,000 + $329,266

$389,266

2015

$4,245 (+3.3%)

$60,000 + $329,266

$389,266

2014

$4,110 (+5.1%)

$70,000 + $302,496

$372,496

2013

$3,909 (+105.7%)

$70,000 + $302,496

$372,496

2012

$1,900 (+160.0%)

$70,000 + $302,496

$372,496

2011

$731

$70,000 + $112,000

$182,000

Tax history for 516 Otway Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,794 (+0.4%)

$130,000 + $486,157

$616,157

2024

$5,772 (+21.1%)

$130,000 + $486,157

$616,157

2023

$4,765 (+4.2%)

$130,000 + $486,157

$616,157

2022

$4,571 (+1.8%)

$65,000 + $343,366

$408,366

2021

$4,492

$65,000 + $343,366

$408,366

2020

$4,492 (−7.4%)

$65,000 + $343,366

$408,366

2019

$4,850 (+5.6%)

$65,000 + $343,366

$408,366

2018

$4,592 (+3.5%)

$60,000 + $329,266

$389,266

2017

$4,438 (+1.3%)

$60,000 + $329,266

$389,266

2016

$4,381 (+3.2%)

$60,000 + $329,266

$389,266

2015

$4,245 (+3.3%)

$60,000 + $329,266

$389,266

2014

$4,110 (+5.1%)

$70,000 + $302,496

$372,496

2013

$3,909 (+105.7%)

$70,000 + $302,496

$372,496

2012

$1,900 (+160.0%)

$70,000 + $302,496

$372,496

2011

$731

$70,000 + $112,000

$182,000

*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

3.5

Stories

Lot width

—

Lot depth

—

Lot size

0.29 Acres

Year renovated

2012

Sq. Ft.

2,960

Year built

2012

Style

Single Family Residential

County

Wake County

APN

1840.11 75 4058 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

Bathroom Information
Bathrooms Full: 3

Bedroom Information
Bedrooms Total: 4

Interior Features
Appliances: Dishwasher, Gas Water Heater, Microwave, Plumbed For Ice Maker, Self Cleaning Oven
Laundry Features: Upper Level
Interior Features: Ceiling Fan(s), Granite Counters, High Ceilings, Separate Shower, Tray Ceiling(s), Walk-In Closet(s)
Fireplace: Yes
Fireplace Features: Family Room, Gas Log, Sealed Combustion
Fireplaces Total: 1
Flooring: Carpet, Hardwood, Tile

Room Information
Crawl Space

Exterior

Building Information
Construction Materials: Fiber Cement, Stone
Building Area Total: 2952.0
Builder Name: Cambridge Homes
Structure Type: Site Built

Exterior Features
Patio and Porch Features: Porch, Screened
Exterior Features: Rain Gutters

Pool Information
Pool Features: Swimming Pool Com/Fee

Property information
Above Grade Finished Area: 2952.0
Below Grade Finished Area: 0.0
Levels: Two
Ownership Type: Other

Lot Information
Lot Size Acres: 0.29
Lot Size Area: 0.29
Lot Size Dimensions: see plat
Lot Size Square Feet: 12632.4
Lot Size Units: Acres

Financial

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, Zoned

Location

HOA Information
Association: Yes
Association Name: Charleston Mngmnt
Association Amenities: Golf Course, Tennis Court(s), Trail(s)
Association Fee: 288.75
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: I440 or I540 to N on US1/CAP BLVD. R on 1A to Wake Forest. R at 3rd light on Rogers Road. L at 3rd light on Heritage Lake Road. Sales Center on left past pool. Open Daily!!
Latitude: 35.961033
Longitude: -78.501762
Postal Code: 27587

Public facts

Beds: —
Baths: 3.5
Sq. Ft.: 2,960
Stories: 2.0
Lot Size: 0.29 acres
Style: Single Family Residential
Year Built: 2012
Year Renovated: 2012
County: Wake County
APN: 1840.11 75 4058 000

Home facts updated by county records on Aug 10, 2026

Other

hidden custom fields
Upper Level

Listing Date Information
Contract Status Change Date: 2012-03-05
Price Change Timestamp: 2023-09-16T08:19:50.000Z

Listing Price Information
Previous List Price: 309475.0

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

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

$628,000 – $760,000

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New listings for sale in 27587

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NEW 3 HRS AGO

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Home values near 516 Otway Rd

Data from public records.

Address	Redfin Estimate
508 Otway Rd, Wake Forest, NC 4 Beds \| 3 Baths \| 2397 Sq. Ft.	$564,105
505 Otway Rd, Wake Forest, NC 4 Beds \| 4 Baths \| 3749 Sq. Ft.	$708,623

Address	Redfin Estimate
501 Otway Rd, Wake Forest, NC 3 Beds \| 3 Baths \| 2528 Sq. Ft.	$615,022
500 Otway Rd, Wake Forest, NC 3 Beds \| 3.5 Baths \| 2743 Sq. Ft.	$622,591

Address	Redfin Estimate
504 Otway Rd, Wake Forest, NC 3 Beds \| 3 Baths \| 2222 Sq. Ft.	$545,646
440 Otway Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 2747 Sq. Ft.	$638,030

Property information provided by TMLS when last listed in 2011. 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 516 Otway Rd

Tax history for 516 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 516 Otway Rd

More real estate resources