1 month on rocket

1125 S Main St, Wake Forest, NC, 27587

$400,000

1.44 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
ViewCity
MLS #10057259
Lot Size1.44 Acres
StatusActive

About 1125 S Main St

1125 S. Main and 1137 S. Main are being sold together and the seller does not wish to separate them. This 1.88 acre tract of land is currently zoned GR3 (General Residential) but will be changed to commercial by the Town of Wake Forest before the end of the fiscal year (June 30, 2025). Per the town planning department, it will be zoned ''Neighborhood Commercial,'' currently referred to as ''Neighborhood Business (NB).'' The allowable uses are in the current NB zoning is under ''Neighborhood Mixed Use (NMX)'' and details are in the ''District Provisions Wake Forest UDO'' document in the document manager. The tract is located in the heart of Wake Forest near the intersection of Dr. Calvin Jones Highway (Hwy 98 Bypass) and South Main Street, two major arteries of traffic. It is located across the street from Lidl and just north of The Lodge at Wake Forest, an extended care facility. There is already a driveway on each property for access to South Main Street. No access will be permitted on Hwy 98 Bypass. Wake Forest, population 58,007 (2022) is a booming small town with population expected to be over 118,000 by 2040. The median household income is $115,159, nearly 70% higher than the media NC household, making it a destination for new businesses. There is a highly educated workforce with 57.8% or residents having a Bachelors Degree or higher. In addition, Wake Forest is part of the award-winning Wake County Public Schools system, the 15th largest district in the nation. There are 19 public schools, 9 charter schools and 6 private schools in Wake Forest. RDU Airport is only 40 minutes away from Wake Forest and there are over 600 flights on 14 major airlines to 48 non-stop destinations daily and seven international destinations daily. Recently, a $1.1 billion federal grant was awarded to revive passenger rail to Wake Forest for the construction of the S-Line from Raleigh to Wake Forest by 2030. North Carolina's income tax rate is the lowest in the United States at 2.5% and is scheduled to phase out entirely by 2030. The personal income tax rate is 4.75% and the sales tax in North Carolina is 7.25%. Out of 550 peers across North Carolina, Wake Forest is the 8th fastest growing municipality. The southern charm of the historic downtown and the walk through the historic homes in the North Main Street historic district will take you back to days gone by. Come discover Wake Forest's big city energy and small town charm.

Property Details

Property Features

Listing Office:

  • Office Name: Pate Realty Group
  • Office Phone: (919) 669-4575
  • Listing Agent: Brian M Pate

Exterior Features

Exterior Information:

  • View: City
  • Exterior: None

Lot Features

Lot Information:

  • Lot: City Lot, Few Trees, Gentle Sloping, Trees, Level, Near Public Transit, Rectangular Lot
  • Lot Size: 1.44 Acres

Other

Directions Information:

  • Directions: Intersection of Dr. Calvin Jones Hwy (Hwy 98 Bypass) and South Main Street. Southeast quadrant of intersection across the street from Alid.

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000

Tax Information:

  • Annual Amount: $957
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Wake Forest, NC.

Med. Sold Price

$533.5K

Med. Price/SqFt

$212

Avg. Days On Market

49

# of Sold Homes

127

1125 S Main St vs Wake Forest

42 DAYS ON ROCKET

-7 Days

$400,000

-$133.5K Less

KEY TAKEAWAY

This property is $133.5K less than the Median Sold Price in Wake Forest, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10057259

Listing Office:

  • Office Name: Pate Realty Group
  • Office Phone: (919) 669-4575
  • Listing Agent: Brian M Pate

IDX Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$957$87,360
2020$956$87,360
2019$911$77,600
2018$881$77,600

History based on county public records data.

Payment Calculator

$2,064

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-299647
4
/10
  • Wake Forest Elementary School

  • 136 W Sycamore Ave

  • 0.79 miles

  • Public District Grades PK-5

school-card-donut-299648
6
/10
  • Heritage Elementary School

  • 3500 Rogers Rd

  • 1.38 miles

  • Public District Grades PK-5

school-card-donut-299649
4
/10
  • Forest Pines Drive Elementary School

  • 11455 Forest Pines Dr

  • 1.80 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,325. Typical income of Wake Forest, NC residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1125 S Main St

What is the listing price of this property?

The listing price of 1125 S Main St property is $400,000.

What type of property is this?

The property 1125 S Main St is land located in Wake Forest, North Carolina, 27587.

Is this property for sale now?

Active Listing: 1125 S Main St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $957 (source: MLS/based on county public records data).

How much acreage is this property?

The property 1125 S Main St is 1.44 acres.
Rocket Homes logo

Interested in 1125 S Main St? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesNorth CarolinaWake CountyWake Forest275871125 S Main St

This home is located at 1125 S Main St in Wake Forest, NC and zip code 27587. This home sits on a 1.44 acre lot. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $400,000.

In October 2024, from all listings sold in Wake Forest, NC there were more than 15 sold above asking price, over 65 sold below and more than 47 were sold right at the asked price. The number of listings in Wake Forest, NC decreased by 4.8% between September 2024 and October 2024. In October 2024 median list price was $533,564 and the average listing age was 49 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources