This stately brick veneer home sits on a corner lot in the town of Wallace, NC. Step inside the inviting foyer and you will see yourself living here for years to come. To your right, the formal living room is perfect for entertaining lots of family and neighbors this holiday season. The living room flows to a formal DR which flows into the kitchen creating that wonderful traffic circle for easy flow of people while entertaining guests. Should you need a home office, the dining room is easily suitable for that purpose as an alternative use. The custom U shaped kitchen features stunning ceiling height cabinetry, rare parquet flooring, and a built in work station. A large den features built in bookshelves, wood paneling and parquet flooring as well. The main living level includes a half bath and a large laundry room. Upstairs three generous sized bedrooms share a hall bath. A fourth bedroom serves as the master suite complete with ensuite bath and tons of closet space. A versatile bonus room being approx 14x32 is not presently heated or cooled, could be used as a fifth bedroom, playroom, or gym with the replacement of the wall mounted mini split unit. This would offer even more living space or great storage.
A two car garage offers storage and parking outside while a partially fenced in yard is perfect for pets. A detached storage building needs your TLC, but offers great space for a man cave, or she shed.
Located in walking distance to the football stadium, restaurants, and shopping areas you will enjoy all Wallace has to offer. Duplin Co. Tax reevaluation occurred in 2025. Please contact tax office for 2025 tax values and rates /costs. This home will be an as is sale. Owners will consider concessions in lieu or repairs.
For sale
$374,900
518 Forest Lane, Wallace, NC 28466
4beds
2,774sqft
Single Family Residence
Built in 1989
0.43 Acres Lot
$360,200 Zestimate®
$135/sqft
$-- HOA
What's special
- 405 days
- 267
- 22
Zillow last checked:
Listing updated:
Listed by:
Valerie R Johnson 910-285-9111,
Johnson Realty
Source: Hive MLS,MLS#: 100522809
Originating MLS: Cape Fear Realtors MLS, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Master Bedroom, Bedroom 1, Bedroom 2, Bedroom 3, Living Room, Dining Room, Family Room, Laundry, Bonus Room
Bonus room
- Description: not heated /cooled
Heating
- Propane, Heat Pump, Electric, Forced Air
Cooling
- Central Air, Heat Pump
Appliances
- Laundry: Dryer Hookup, Washer Hookup
Features
- Entrance Foyer, Bookcases
- Flooring: Carpet, Parquet
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 2,774
- Total interior livable area: 2,774 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Side, Concrete, Off Street
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Porch
- Fencing: Partial,Back Yard,Wood
- Has view: Yes
- View description: None
- Frontage type: See Remarks
Lot
- Size: 0.43 Acres
- Features: Corner Lot
Details
- Parcel number: 093322
- Zoning: r-10
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Wood Frame
- Foundation: Crawl Space
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Community
- Subdivision: Not In Subdivision
HOA
- Has HOA: No
Location
- Region: Wallace
Financial & listing details
- Price per square foot: $135/sqft
- Tax assessed value: $364,800
- Annual tax amount: $3,287
- Date on market: 8/2/2026
- Cumulative days on market: 405 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$360,200
$342,000 - $378,000
$2,243/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/12/2026 | Price change | $374,900-6.3%$135/sqft |
Source: | ||
| 10/6/2025 | Price change | $399,999-2.4%$144/sqft |
Source: | ||
| 9/14/2025 | Price change | $409,900-4.7%$148/sqft |
Source: | ||
| 8/2/2025 | Listed for sale | $429,900+81.4%$155/sqft |
Source: | ||
| 11/9/2004 | Sold | $237,000$85/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,287 | $242,600 |
| 2023 | $3,287 | $242,600 |
| 2022 | $3,287 +2% | $242,600 |
| 2021 | $3,221 +84.4% | $242,600 |
| 2020 | $1,747 | $242,600 |
| 2019 | $1,747 | $242,600 |
| 2018 | $1,747 -4.8% | $242,600 +2.5% |
| 2016 | $1,836 -0.3% | $236,600 |
| 2013 | $1,841 +3.8% | $236,600 |
| 2012 | $1,773 -0.3% | $236,600 |
| 2011 | $1,778 +2.9% | $236,600 |
| 2010 | $1,729 | $236,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 28466
Nearby schools
Schools provided by the listing agent
- Elementary: Wallace
- Middle: Wallace
- High: Wallace-Rose Hill
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




