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Sold for $175,000
    • $175,000

    132 W Vernon Ave, Wake Forest, NC 27587

    2beds
    880sqft
    Single Family Residence
    Built in 1940
    8,276 Square Feet Lot
    $251,200 Zestimate®
    $199/sqft
    $1,687 Estimated rent

    Home value

    $251,200

    $229,000 - $271,000

    $1,687/mo

    Zestimate® history
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    What's special

    Priced below the Tax Assessed Value, this building lot & renovation opportunity situated in a National Register Historic District. This classic cottage and lot presents a unique opportunity to own prime downtown location in Wake Forest. Perfectly positioned for a car-optional lifestyle, the home is just 0.3 miles from Wake Forest Magnet Elementary and the Seminary, with the shops and dining of White Street only a half-mile stroll away. This property is an ideal match for those looking to build equity in a high-demand area, rental income investors, and value-add investors. The National Historic Register status allows for a State and Federal Tax Credit on rehabilitation expenses for income-producing properties. This GR3 zoned lot is also primed for buyers seeking a high-end renovation endeavor or a two-story rebuild (Verify with HPC). This property offering is sold strictly AS-IS. An Inspection Report is available upon request. The Listing Agent is related to the Seller.

    Zillow last checked:

    Listing updated:

    Listed by:

    Miles Ridley Boan 919-671-0279,

    eXp Realty, LLC - C

    Bought with:

    Rob Zelem, 194484

    LPT Realty, LLC

    Source: Doorify MLS,MLS#: 10148904MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    • Area: 14030 Square Feet
    • Dimensions: 115 x 122
    Bedroom 2
    • Level: Main
    • Area: 14030 Square Feet
    • Dimensions: 115 x 122
    Primary bathroom
    • Description: 4'11' x 6'2' + 2'10' x 3'1'
    • Level: Main
    • Area: 7347 Square Feet
    • Dimensions: 79 x 93
    Dining room
    • Level: Main
    • Area: 7524 Square Feet
    • Dimensions: 76 x 99
    Kitchen
    • Level: Main
    • Area: 8924 Square Feet
    • Dimensions: 97 x 92
    Living room
    • Level: Main
    • Area: 195 Square Feet
    • Dimensions: 15 x 13
    Other
    • Description: Primary Bedroom Closet
    • Level: Main
    • Area: 34521 Square Feet
    • Dimensions: 311 x 111
    Other
    • Description: Secondary Bedroom Closet
    • Level: Main
    • Area: 96721 Square Feet
    • Dimensions: 311 x 311
    Heating
    • Electric, Forced Air, Natural Gas, Gas Pack
    Cooling
    • Electric, Gas Pack
    Appliances
    • Included: Free-Standing Electric Range, Gas Water Heater
    Features
    • Laminate Counters, Primary Downstairs, Walk-In Shower
    • Flooring: Hardwood, Vinyl
    • Doors: Storm Door(s)
    • Windows: Blinds
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 880
    • Total interior livable area: 880 sqft
    • Finished area above ground: 880
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: On Site, Outside
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck
    • Exterior features: Private Yard, Rain Gutters, Smart Light(s)
    • Fencing: None
    Lot
    • Size: 8,276 Square Feet
    • Features: Back Yard, City Lot, Front Yard, Landscaped
    Details
    • Additional structures: Shed(s)
    • Parcel number: 184006392952000 0115946
    • Zoning: GR3

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage
    • Property subtype: Single Family Residence
    Materials
    • Clapboard, Cement Siding
    • Foundation: Crawlspace
    • Roof: Asphalt,Fiberglass,Shingle
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Wake Forest

    Financial & listing details

    • Price per square foot: $199/sqft
    • Tax assessed value: $185,374
    • Annual tax amount: $1,757
    • Date on market: 2/26/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: 1031 Exchange,Cash,Conventional

    Price history

    DateEventPrice
    7/28/2026Listing removed$1,795$2/sqft
    Source: Zillow Rentals Report a problem
    7/17/2026Listed for rent$1,795$2/sqft
    Source: Zillow Rentals Report a problem
    3/31/2026Sold$175,000+0.1%$199/sqft
    Source: Doorify MLS #10148904 Report a problem
    3/20/2026Pending sale$174,900$199/sqft
    Source: Doorify MLS #10148904 Report a problem
    3/16/2026Price change$174,900-14.6%$199/sqft
    Source: Doorify MLS #10148904 Report a problem
    3/13/2026Price change$204,900-8.9%$233/sqft
    Source: Doorify MLS #10148904 Report a problem
    3/5/2026Price change$224,900-5.3%$256/sqft
    Source: Doorify MLS #10148904 Report a problem
    3/3/2026Price change$237,500-10.4%$270/sqft
    Source: Doorify MLS #10148904 Report a problem
    2/26/2026Listed for sale$265,000$301/sqft
    Source: Doorify MLS #10148904 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,757 +0.4%$185,374
    2024$1,750 +69.4%$185,374 +112.6%
    2023$1,033 +4.2%$87,199
    2022$992 +1.7%$87,199
    2021$975 $87,199
    2020$975 $87,199 +10.9%
    2019-- $78,611
    2018-- $78,611
    2017$912 +1.3%$78,611
    2016$901 +1.8%$78,611 +3.1%
    2015$885 $76,233
    2014-- $76,233
    2013-- $76,233
    2012-- $76,233
    2011-- $76,233
    2010-- $76,233
    2009-- $76,233
    2008-- --
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    2003-- --
    2002-- --
    2001-- --
    Find assessor info on the county website

    Neighborhood: 27587

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Wake - Wake Forest Elementary
    • Middle: Wake - Wake Forest Middle School
    • High: Wake - Wake Forest High School

    Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $251,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $251,200

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