514 Elm Ave, Wake Forest, NC 27587
Property image
Property image
OFF MARKET

$288,100

Trulia Estimate
as of Sep 7, 2026
  • 3 Beds
  • 2.5 Baths
  • 1,781 sqft

514 Elm Ave, Wake Forest, NC 27587

Home Highlights

Single-Family Home
1,781 sqft
$162/sqft

Local Information

  • Map ViewExplore the area around 514 Elm Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Three bedroom townhome with large bonus room located in downtown Wake Forest, within walking distance to shops and restaurants. Privacy at rear of home. Breakfast bar & pantry in kitchen. Corner gas fireplace in living room. No yard maintenance. Property freshly painted.

Move in Costs: Rent $1695, Security Deposit $2500, Admin Fee $100.

Interested in submitting an application?
*Photos and videos are provided at the agents discretion, for purposes of advertising only, and may not be an accurate depiction of the current appearance and/or condition of the rental property.
514 Elm Ave, Wake Forest, NC 27587 is a 3 bedroom, 3 bathroom, 1,781 sqft single-family home. It last sold for $175,000 on May 30, 2019 (10,224% above the $1,695 asking price). More recently, it was listed as a rental in June 2024 with an asking price of $1,925 per month. That rental listing was removed on September 13, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $288,100, with a rent estimate of $2,038/month.

Home Details for 514 Elm Ave

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: Contact For Details

Comparable Sales for 514 Elm Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
544 Elm Ave, Wake Forest, NC
0.06
Single-Family Home
$307,500
03/31/26
3
4
1,907 sqft
724 Brewer Cir, Wake Forest, NC
0.37
Single-Family Home
$285,000
05/07/26
3
2
1,734 sqft
524 Pearce Ave, Wake Forest, NC
0.25
Single-Family Home
$262,775
08/28/26
3
2
998 sqft
632 Cala Lilly Ln, Wake Forest, NC
0.19
Single-Family Home
$515,000
02/04/26
3
2.5
2,361 sqft
512 Deacon Ridge St, Wake Forest, NC
0.25
Single-Family Home
$452,000
08/07/26
3
2.5
2,435 sqft
262 Highgate Cir, Wake Forest, NC
0.29
Single-Family Home
$300,000
09/16/25
3
2
1,100 sqft
600 Middle Bridge Rd, Wake Forest, NC
0.30
Single-Family Home
$399,900
09/25/25
4
2
1,783 sqft
743 Brewers Glynn Ct, Wake Forest, NC
0.44
Single-Family Home
$233,000
10/15/25
3
2
1,269 sqft
601 Watch Hill Ln, Wake Forest, NC
0.37
Single-Family Home
$432,500
03/12/26
3
2
1,789 sqft
613 Middle Bridge Rd, Wake Forest, NC
0.28
Single-Family Home
$465,000
06/22/26
3
2.5
2,417 sqft

Nearby homes

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Rental Market Trends in Wake Forest

Last updated Sep 2026
Trulia Rent Estimate$2,038/mo
Average rent
$2.1K
Available listings
239
View rental market trends in Wake Forest, NC

Around this home

What Locals Say about Wake Forest

At least 410 Trulia users voted on each feature.

  • 94 % Say car is needed

  • 93 % Say it's dog friendly

  • 87 % Say parking is easy

  • 83 % Say there's holiday spirit

  • 80 % Say people would walk alone at night

  • 79 % Say yards are well-kept

  • 76 % Say kids play outside

  • 75 % Say there are sidewalks

  • 73 % Say it's quiet

  • 68 % Say streets are well-lit

  • 64 % Say neighbors are friendly

  • 59 % Say they plan to stay for at least 5 years

  • 58 % Say there's wildlife

  • 49 % Say there are community events

  • 36 % Say it's walkable to restaurants

  • 33 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "There is a dog park and trails, also waste bag stations "
    0
    Flag
  • Elizabeth Miller
    "Dog friendly neighborhood with periodic dog cleaning stations"
    0
    Flag
  • 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
    Flag
  • Elizabeth Miller
    "Lovely town with quaint feel but near larger cities of Raleigh and Durham with loads of shops and medical resources."
    0
    Flag
  • Lou 3000
    "Everyone normally cleans after their pups and keeps them leashed. Neighborhood is normally clean and neighbors normally tend to their lawn."
    0
    Flag
  • Taliaxo194
    "So far so good. 4 months in. Everyone is super “neighborly” Would recommend to families. "
    0
    Flag
  • 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
    Flag
  • Dakotac
    "Feels like a hallmark town. Stuff around but not overcrowded feeling!! Lots of greenery & a cute downtown"
    0
    Flag
  • 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. "
    0
    Flag
  • Lou 3000
    "Many walking trails, libraries and other extracurricular activities available for kids. Not many sidewalk accessibility other than main neighborhood."
    0
    Flag
  • 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. "
    0
    Flag
  • Madison Smith
    "Lots of families and group events. Everyone is friendly and I feel safe in this area. Would recommend "
    0
    Flag
  • Monica.ortega70
    "Nice quiet neighborhood with well kept homes with huge property lots. Family oriented neighborhood "
    0
    Flag
  • 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."
    0
    Flag
  • 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. "
    0
    Flag
  • 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. "
    0
    Flag
  • 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."
    0
    Flag
  • Vhfdbgt7kd
    "We have a neighborhood pool with snack bar and bar which families can join. Kids can then participate in swim team. "
    0
    Flag
  • 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!"
    0
    Flag
  • 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. "
    0
    Flag
  • 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. "
    0
    Flag
  • 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! "
    0
    Flag
  • 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
    Flag
  • 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"
    0
    Flag
  • Patsy
    "Schools are great. Very family oriented there is something for everyone in Wake Forest. Lots of nature & not far from Raleigh."
    0
    Flag
  • Naresh G.
    "Quiet, not crowded No traffic Nice neighbors Family friendly community Plenty of supermarkets Awesome trails for hiking "
    0
    Flag
  • 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"
    0
    Flag
  • 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. "
    0
    Flag
  • 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."
    0
    Flag
  • 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
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Sep 13, 2024
Source: Zillow Rentals
ListingRemoved
$1,695
Aug 12, 2024
Source: Zillow Rentals
PriceChange
$1,695
Price decreased by 2%
Jul 16, 2024
Source: Zillow Rentals
PriceChange
$1,725
Price decreased by 4%
Jun 19, 2024
Source: Zillow Rentals
PriceChange
$1,795
Price decreased by 4%
Jun 13, 2024
Source: Zillow Rentals
PriceChange
$1,875
Price decreased by 3%

Frequently asked questions about 514 Elm Ave

  • What is 514 Elm Ave estimated to be worth?
    Trulia's estimated value for 514 Elm Ave in Wake Forest, NC is $288,100.
  • What is the price history for 514 Elm Ave?
    514 Elm Ave in Wake Forest, NC last sold for $175,000 in May 2019.
  • Is Wake Forest a buyer's or seller's market?
    Wake Forest is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Wake Forest?
    The median sale price in Wake Forest is $548K. That is up $3.58K from the prior month.

Homes for rent near 514 Elm Ave

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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