507 E Elm St, Wake Forest, NC 27587
OFF MARKET

$253,400

Trulia Estimate
  • 3 Beds
  • 4 Baths
  • 1,522 sqft

507 E Elm St, Wake Forest, NC 27587

Est. Refi. Payment $1,568/mo*
Refinance Your Home

Home Value

Trulia Estimate
$253K
Since last month
Decreased$22K (-8.1%)
Since last year
Decreased$37K (-12.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -20% in the last 10 years
MonthEstimated value
2026
September 2026$253K
August 2026$259K
July 2026$276K
June 2026$273K
May 2026$278K
April 2026$277K
March 2026$282K
February 2026$273K
January 2026$274K
2025
2024
2023

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
505 Elm Ave, Wake Forest, NC
0.00
Townhouse
$265,000
09/30/25
3
2.5
1,523
544 N Elm Ave, Wake Forest, NC
0.06
Townhouse
$307,500
03/31/26
3
3.5
1,860
545 Elm Ave, Wake Forest, NC
0.07
Townhouse
$275,000
07/10/26
3
2.5
1,558
502 Elm Ave, Wake Forest, NC
0.03
Townhouse
$295,000
08/04/26
3
2.5
1,663
518 Elm Ave, Wake Forest, NC
0.07
Townhouse
$295,000
10/16/25
3
2.5
1,408
153 Deacon Ridge St, Wake Forest, NC
0.17
Townhouse
$295,000
04/23/26
3
2.5
1,806
469 Rally Point Pl, Wake Forest, NC
0.26
Townhouse
$423,500
05/07/26
3
2.5
2,228
221 Highgate Cir, Wake Forest, NC
0.30
Townhouse
$266,400
01/02/26
3
2
1,315
493 Rally Point Pl, Wake Forest, NC
0.29
Townhouse
$435,000
06/15/26
3
2.5
2,237
441 Triumph Ln, Wake Forest, NC
0.29
Townhouse
$441,500
04/30/26
3
2.5
2,237

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
526 Elm Ave, Wake Forest, NC 27587
0.03
$267,800
3
2.5
1,652
Off Market
505 Elm Ave, Wake Forest, NC 27587
0.00
$263,800
3
2.5
1,523
Off Market
523 Elm Ave, Wake Forest, NC 27587
0.03
$242,000
2
2.5
1,250
For Sale
544 N Elm Ave, Wake Forest, NC 27587
0.06
$307,500
3
3.5
1,860
Recently Sold
534 Elm Ave, Wake Forest, NC 27587
0.06
$304,300
3
2.5
1,667
Off Market
545 Elm Ave, Wake Forest, NC 27587
0.07
$275,000
3
2.5
1,558
Recently Sold
502 Elm Ave, Wake Forest, NC 27587
0.03
$295,000
3
2.5
1,663
Recently Sold
504 Elm Ave, Wake Forest, NC 27587
0.04
$309,500
4
2.5
2,100
Off Market
518 Elm Ave, Wake Forest, NC 27587
0.07
$294,000
3
2.5
1,408
Off Market
601 Elm Ave, Wake Forest, NC 27587
0.10
$282,900
3
2.5
1,598
Off Market
309 Deacon Ridge St, Wake Forest, NC 27587
0.13
$293,200
3
2.5
1,750
Off Market
127 Deacon Ridge St, Wake Forest, NC 27587
0.14
$284,500
3
2.5
1,531
Off Market

Local Information

  • Map ViewExplore the area around 507 E Elm St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Townhouse
Built in 2005
1,522 sqft
$166/sqft

About this House

Open Sunday! 4/26 2-5pm! The BEST value for townhome living in Wake Forest! Three master bedrooms...each w/ own private bath!!! All appliances convey. Nice size patio in back with privacy fence & treeline view. Family room with corner fireplace with gas logs and TV niche! Large Kitchen, Dining Room and Breakfast Nook as well. Upstairs laundry for convenience. Perfect for Roommates!
507 E Elm St, Wake Forest, NC 27587 is a 3 bedroom, 4 bathroom, 1,522 sqft townhouse built in 2005. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $253,400, with a rent estimate of $1,880/month.

Home Details for 507 E Elm St

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: Townhouse

Lot Information

Lot Area: 871 sqft

Price and Tax history

DateEventPrice
May 3, 2009
Source: Agent Provided
ListingRemoved
$150,000
Apr 29, 2009
Source: Agent Provided
Listed For Sale
$150,000

Market trends in Wake Forest

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$540K
$8.33KMoM
Sale-to-List Price
99.2%
0.1%MoM
Price per sq ft
$213
$4MoM
Available listings
511

Around this home

What Locals Say about Wake Forest

  • Trulia User
    "There is a dog park and trails, also waste bag stations "
    0
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  • Elizabeth Miller
    "Dog friendly neighborhood with periodic dog cleaning stations"
    0
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  • Terri Coleman
    "I have lived in Wake Forest since 2004. Wake Forest has not done the best with infrastructure, but we have liked the neighborhoods we have lived in. "
    0
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  • Elizabeth Miller
    "Lovely town with quaint feel but near larger cities of Raleigh and Durham with loads of shops and medical resources."
    0
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  • Lou 3000
    "Everyone normally cleans after their pups and keeps them leashed. Neighborhood is normally clean and neighbors normally tend to their lawn."
    0
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  • Taliaxo194
    "So far so good. 4 months in. Everyone is super “neighborly” Would recommend to families. "
    0
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  • Itriplie94
    "I drive 18min to get to work grocery stores are nearby and fast food is nearby as well I drive 10min to closest car charger"
    0
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  • Dakotac
    "Feels like a hallmark town. Stuff around but not overcrowded feeling!! Lots of greenery & a cute downtown"
    0
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  • Lou 3000
    "The neighborhood has a lot of side walks. There are also many hills in this neighborhood. Walking trails are near so this is perfect for dog walking. "
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  • Lou 3000
    "Many walking trails, libraries and other extracurricular activities available for kids. Not many sidewalk accessibility other than main neighborhood."
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  • Danielle Livingston
    "I am not familiar with community events that make our neighborhood feel special. There is Friday Night on White; it is not special. "
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  • Madison Smith
    "Lots of families and group events. Everyone is friendly and I feel safe in this area. Would recommend "
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  • Monica.ortega70
    "Nice quiet neighborhood with well kept homes with huge property lots. Family oriented neighborhood "
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  • Madison Smith
    "Very friendly neighbors, great community that respects each other. Not sure about schooling because my little is 1 but I’ve heard good things."
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  • Monica.ortega70
    "Big yards for dogs to play in. Friendly neighborhood for walking your dog. Many parks and trails to take your dog on hikes. "
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  • Brittany Brathwaite
    "Really nice area for family and enjoyable living. Plenty of fun things to do. You will need transportation. Some residents like to complain because the sky is blue - but other than that, great place to live outside of Raleigh. "
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  • Michael Roberti
    "The commute to Morrisville and back is brutal. Lots of traffic on US 1 and 540. Accidents every day. People drive like maniacs weaving in and out of traffic. It is the only drawback to living here."
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  • Vhfdbgt7kd
    "We have a neighborhood pool with snack bar and bar which families can join. Kids can then participate in swim team. "
    0
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  • Brittany Brathwaite
    "All of the people here are very friendly except for the few that seem to forget what it’s like to be a kid (or teenager) and enjoy being alive!"
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  • Sally Dixon
    "Location location location! Lots of community events, town events lots to do and see. Beautiful greenway and lots of amenities! "
    4
    Flag
  • Brittany Brathwaite
    "There are great families, schools parks and resources for everyone. But not many outlets for teens. "
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  • Ljaddison
    "The community is walkable and has ample walking and bike trails, a large community pool, and all grounds are well maintained. "
    1
    Flag
  • Brittany Brathwaite
    "People walk their dogs and for the most part, they’re responsible for the pet’s waste. Unfortunately, people are less tolerable of middle school age children and high schoolers simply being kids. "
    1
    Flag
  • PegH
    "A real sense of community. We all look out for each other; never is it as obvious as when the last bad storm came through. Everyone was out the next morning helping to clean up tree limbs and leaves from the entire cut-de-sac, not just their own yard, sharing tools, equipment and man power. "
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  • Peggymhaas
    "We’ve lived here for 14+ years and love it. This little town has so much to offer; great restaurants, theater, parks, greenways and wonderful people! "
    9
    Flag
  • Andrew W.
    "Pools are awesome. Neighbors are awesome. Convenient to everything you need. Great community! "
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  • Lwbenn
    "A bit of traffic around 4:00 to 6:00pm. My neighborhood is gated and has a very nice, exclusive Country Club. My neighborhood has it’s very own private security service and they constantly patrol the neighborhood."
    9
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  • Camcolwill
    "This is a good neighborhood to raise children. The only concern I would have as a parent of a teenager would be them learning to drive in heavy traffic"
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  • Patsy
    "Schools are great. Very family oriented there is something for everyone in Wake Forest. Lots of nature & not far from Raleigh."
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  • Naresh G.
    "Quiet, not crowded No traffic Nice neighbors Family friendly community Plenty of supermarkets Awesome trails for hiking "
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  • Camcolwill
    "Community events in the park and on the Main Street are popular events for the community. The farmers market and the dog park are also popular"
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  • Kingangel73
    "Wake Forest is warm and welcoming. It is family oriented and pet friendly. The school are great and there's tons of things to do. "
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  • Patsy
    "Challenging at peak times of the day, considering I am commuting to and from Raleigh for work. Capital Blvd & Louisburg can be a nightmare."
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  • Peggymhaas
    "I am retired but when I was working I worked in Cary, NC which generally required a 45 minute to 1 hour commute."
    4
    Flag
  • Peggymhaas
    "N/A. Retired but when I did work it was a 45 minute drive to Cary, NC. If I took Capital Blvd. the drive time could be an hour or more. "
    3
    Flag
  • Peggymhaas
    "I am retired. When I worked my commute was 40+ minutes. However, it was quite scenic, crossing the lake and past several horse farms. "
    1
    Flag
  • WF Resident
    "There are quite a few dog owners in my neighborhood. Most are responsible owners, but there are those that walk their dogs at night and allow them to relieve themselves in their neighbors yards. This is the part I dislike. I sit on my porch at night and you wouldn’t believe the things I see dog owners allow their dogs to do."
    10
    Flag
  • Peggym
    "Meet in the Street, Friday Night on White, MardiGras, the lighting of the Christmas Tree all make Wake Forest special. "
    4
    Flag
  • Julie B. .
    "Dog owners walk their dogs and there are trails in the common area for dogs to run. The lots sizes are big enough to have privacy from other neighbors. Fences are allowed. "
    0
    Flag
  • Kerryjuliekane
    "Ladies night out. Walking with friends. Bells lake access for fun trails. Fall pizza gathering in culdesac. "
    0
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LGBTQ Local Legal Protections

Frequently asked questions about 507 E Elm St

  • What is 507 E Elm St estimated to be worth?
    Trulia's estimated value for 507 E Elm St in Wake Forest, NC is $253,400.
  • Is Wake Forest a buyer's or seller's market?
    Wake Forest is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Wake Forest?
    The median sale price in Wake Forest is $540K. That is down $8.33K from the prior month.
  • What are the closest schools to 507 E Elm St?
    The closest schools to 507 E Elm St in Wake Forest, NC are Wake Forest Elementary (Pre-K, rated 6/10), Wake Forest High School (rated 7/10), Wake Forest Middle School (rated 4/10).

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