For sale

Price cut: $8K (8/17)

$307,000

505 Flaherty Ave, Wake Forest, NC 27587

2beds

944sqft

$1,847/mo

Get pre-qualified

Single Family Residence

Built in 1999

7,840 Square Feet Lot

$302,200 Zestimate^®

$325/sqft

$-- HOA

What's special

Private rear deckVinyl planks in roomsStorage closetsUpgraded ceiling fansFarm sink

Beautiful and cozy ranch house with no HOA, located in a mature, and quiet neighborhood in the heart of Downtown Wake Forest. This is a fantastic move in ready house upgraded 2-baths/2-bath , 1-car garage (easily convertible into a flex room), and private rear deck. House recently upgraded inside and out; kitchen, bathrooms, vinyl planks in rooms and, kitchen, new water heater, new AC ducts, new gutters, refinished rear deck, upgraded ceiling fans, and chandeliers, new exterior, and interior LED lighting. Open living area with a storage closets, beautiful kitchen with updated appliances, farm sink , laundry with utility sink, and washer.

54 days
338
26

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 2

Primary bedroom

Level: Main
Area: 144 Square Feet
Dimensions: 12.0 x 12.0

Bedroom 2

Level: Main
Area: 142.68 Square Feet
Dimensions: 12.3 x 11.6

Primary bathroom

Level: Main
Area: 40 Square Feet
Dimensions: 8.0 x 5.0

Bathroom 2

Level: Main
Area: 32.88 Square Feet
Dimensions: 8.0 x 4.11

Dining room

Level: Main
Area: 77.43 Square Feet
Dimensions: 8.9 x 8.7

Kitchen

Level: Main
Area: 129.92 Square Feet
Dimensions: 11.6 x 11.2

Laundry

Level: Basement
Area: 32.49 Square Feet
Dimensions: 5.7 x 5.7

Living room

Level: Main
Area: 182.12 Square Feet
Dimensions: 15.7 x 11.6

Heating

None

Cooling

Central Air

Features

Open Floorplan
Flooring: Concrete, Hardwood, Laminate, Linoleum, Plank, Simulated Wood

Interior area

Total structure area: 944
Total interior livable area: 944 sqft
Finished area above ground: 944
Finished area below ground: 0

Property

Parking

Total spaces: 3
Parking features: Garage, Open
Garage spaces: 1
Uncovered spaces: 2

Features

Levels: One
Stories: 1
Exterior features: Balcony, Rain Gutters, Uncovered Courtyard

Lot

Size: 7,840 Square Feet
Dimensions: 80 x 100 x 80 x 100

Details

Parcel number: 184112951179000 0250635
Zoning: GR5
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Vinyl Siding
Foundation: Brick/Mortar, Concrete Perimeter, Pillar/Post/Pier, Raised, Slab
Roof: Shingle

Condition

New construction: No
Year built: 1999

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Flaherty Farms

HOA

Has HOA: No

Location

Region: Wake Forest

Financial & listing details

Price per square foot: $325/sqft
Tax assessed value: $306,633
Annual tax amount: $3,014
Date on market: 8/4/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA,VA Loan,Other
Road surface type: Paved

Estimated market value

$302,200

$287,000 - $317,000

$1,421/mo

Price history

Date	Event	Price
8/17/2026	Price change	$307,000-2.5%$325/sqft
Source: Doorify MLS #10179293 Report a problem
8/4/2026	Listed for sale	$315,000$334/sqft
Source: Doorify MLS #10179293 Report a problem
7/20/2026	Pending sale	$315,000$334/sqft
Source: Doorify MLS #10179293 Report a problem
7/10/2026	Listed for sale	$315,000+14.5%$334/sqft
Source: Doorify MLS #10179293 Report a problem
6/28/2022	Sold	$275,000+7.8%$291/sqft
Source: Public Record Report a problem
6/17/2022	Pending sale	$255,000$270/sqft
Source: Doorify MLS #2455625 Report a problem
6/16/2022	Contingent	$255,000$270/sqft
Source: Doorify MLS #2455625 Report a problem
6/14/2022	Listed for sale	$255,000+99.2%$270/sqft
Source: Doorify MLS #2455625 Report a problem
12/15/2016	Sold	$128,000-0.7%$136/sqft
Source: Public Record Report a problem
11/15/2016	Pending sale	$128,900$137/sqft
Source: Re/Max One Realty #2098348 Report a problem
11/11/2016	Listed for sale	$128,900+7.4%$137/sqft
Source: Re/Max One Realty #2098348 Report a problem
11/5/2010	Sold	$120,000+0.9%$127/sqft
Source: Public Record Report a problem
11/1/2008	Listing removed	$118,900$126/sqft
Source: Point2 #1613205 Report a problem
8/8/2008	Listed for sale	$118,900+5.2%$126/sqft
Source: Keller Williams Realty #1613205 Report a problem
7/31/2007	Sold	$113,000+9.7%$120/sqft
Source: Public Record Report a problem
11/30/2000	Sold	$103,000$109/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,893 +0.4%	$306,633
2024	$2,882 +54.8%	$306,633 +93.4%
2023	$1,862 +4.2%	$158,533
2022	$1,787 +1.8%	$158,533
2021	$1,756	$158,533
2020	$1,756 +12.8%	$158,533 +28%
2019	$1,557	$123,851
2018	$1,557 +9.2%	$123,851
2017	$1,426 +1.3%	$123,851
2016	$1,408 +3.4%	$123,851 +4.7%
2015	$1,362 +3.3%	$118,267
2014	$1,319	$118,267
2013	--	$118,267
2012	--	$118,267
2011	--	$118,267
2010	--	$118,267
2009	--	$118,267
2008	--	--
2007	--	--
2006	--	--
2005	--	--
2004	--	--
2003	--	--
2002	--	--