new - 6 days on rocket

5516 Wallace Martin Way, Raleigh, NC, 27616

$450,000

Home List Price

$5,344*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,856 SqFt
$242/SqFt
House

Location

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5516 Wallace Martin Way, Raleigh$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Covered, Garage, Garage Faces Rear
Attached Garage2 spaces
Year Built2020
HeatingFireplace(s), Forced Air
CoolingCeiling Fan(s), Central Air
FireplaceGas, Gas Log, Living Room
ViewNeighborhood
MLS #10068342
Lot Size0.10 Acres
StatusActive

About 5516 Wallace Martin Way

Stunning modern cottage in the highly desirable 5401 North neighborhood! This home shows like a model with thoughtful design and countless upgrades. Meticulously maintained and feeling like new, it features LVP floors throughout the first level, wooden stair treads, and custom features like built-in shelves, tray ceilings, and wainscoting. The open floor plan connects the kitchen, living room, and dining area, making it perfect for entertaining! The kitchen features a spacious island with pendant lighting, a 5-burner gas range, upgraded appliances, quartz countertops, and stunning tile backsplash. Cozy up at the gas fireplace in the living room. The first floor primary offers comfort and luxury, complete with two walk-in closets and bathroom featuring dual vanities and a large tiled shower. Upstairs, you'll find a versatile loft, perfect as an office, playroom, secondary living space, or gym! Two additional bedrooms connected by a jack and jill bath. A huge walk-in attic provides excellent storage options! With ample storage throughout, this home is as functional as it is beautiful. Attached 2 car garage! Step outside to relax on the screened porch or enjoy the vibrant 5401 North community, offering resort-style amenities like a pool, clubhouse, gym, dog park, outdoor fitness park, community farm, and greenway access. The HOA covers lawn care and amenities for a low-maintenance lifestyle. Conveniences abound in the neighborhood, including childcare and schools, coffee shop, and local favorite Heyday Brewing. Just 20 minutes to RDU Airport and Downtown Raleigh, this home truly has it all.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage, Craftsman, Traditional
  • Year Built: 2020
  • Living Area: 1,856 SqFt

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (919) 439-2105
  • Listing Agent: Kathleen Carlton

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Gas Cooktop, Ice Maker, Microwave, Oven, Range, Refrigerator, Washer, Washer/Dryer
  • Flooring Type: Carpet, Luxury Vinyl, Tile
  • Interior: Bathtub/Shower Combination, Bookcases, Breakfast Bar, Built-in Features, Ceiling Fan(s), Chandelier, Crown Molding, Dining L, Double Vanity, Dual Closets, Eat-in Kitchen, Entrance Foyer, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Quartz Counters, Shower Only, Smooth Ceilings, Storage, Tray Ceiling(s), Walk-In Closet(s), Walk-In Shower
  • Fireplace: Gas, Gas Log, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood
  • Exterior: Porch/Covered, Porch Front, Porch, Screened Porch, Gutters

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Covered, Garage, Garage Faces Rear

Lot Features

Lot Information:

  • Lot: Corner Lot, Front Yard, Landscaped
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Fireplace(s), Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: GPS directions are corrrect.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $242/SqFt

HOA Fees:

  • Amount: $99
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $3,443
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Raleigh, NC.

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Raleigh, NC

City

Med. Sold Price

$449.9K

Med. Price/SqFt

$234

Avg. Days On Market

39

# of Sold Homes

451

5516 Wallace Martin Way vs Raleigh

6 DAYS ON ROCKET

-33 Days

$450,000

+$47 More

$242/SqFt

+$7 More

KEY TAKEAWAY

This property is $47 more than the Median Sold Price and $7/SqFt more than other homes in Raleigh, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Doorify MLS
  • MLS Number: #10068342

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (919) 439-2105
  • Listing Agent: Kathleen Carlton

IDX Copyright © 2025 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: 1/2/2025, 6:21:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 26, 2020Home Sold
$331,000
Oct 29, 2018Home Sold
$1,812,500

Tax History

YEARPROP. TAXASSESSMENT
2021$3,443$351,747
2020$764$80,000
2019$874$80,000
2018 - $80,000

History based on county public records data.

Payment Calculator

$2,412

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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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-2557898
5
/10

  • River Bend Elementary School

  • 6710 Perry Creek Rd

  • 0.41 miles

  • Public District Grades PK-5

school-card-donut-2557899
3
/10

  • Harris Creek Elementary School

  • 3829 Forestville Rd

  • 1.46 miles

  • Public District Grades PK-5

school-card-donut-2557900
6
/10

  • Fox Road Elementary School

  • 7101 Fox Rd

  • 1.60 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,866. The most common annual income of people living in Raleigh, NC is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5516 Wallace Martin Way

What is the listing price of this property?

The listing price of 5516 Wallace Martin Way property is $450,000.

What type of property is this?

The property 5516 Wallace Martin Way is a house located in Raleigh, North Carolina, 27616.

Is this property for sale now?

Active Listing: 5516 Wallace Martin Way 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 $3,443 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 26, 2020 for $331,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5516 Wallace Martin Way has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5516 Wallace Martin Way is 1,856 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5516 Wallace Martin Way is 2020.

Rocket Homes›North Carolina›Wake County›Raleigh›27616›5516 Wallace Martin Way

This home is located at 5516 Wallace Martin Way in Raleigh, NC and zip code 27616 in the 5401 North neighborhood. This 1,856 square foot home, which was built in 2020, sits on a 0.10 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 26, 2024 and is currently priced at $450,000.

In December 2024, from all listings sold in Raleigh, NC there were more than 71 sold above asking price, over 264 sold below and more than 116 were sold right at the asked price. The inventory of homes for sale in Raleigh, NC between November 2024 and December 2024 decreased by 12.1%. The median list price of listings available in December 2024 was $449,952, while the average time on the real estate market was 39 days.

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

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