517 E Walnut Ave, Wake Forest, NC 27587
Property image
Property image
OFF MARKET

$354,000

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 1,650 sqft

517 E Walnut Ave, Wake Forest, NC 27587

Est. Refi. Payment $2,206/mo*
Refinance Your Home

Home Value

Trulia Estimate
$354K
Since last month
Increased$37K (+11.6%)
Since last year
Decreased$29K (-7.6%)
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 -8% in the last 10 years
MonthEstimated value
2026
September 2026$354K
August 2026$318K
July 2026$343K
June 2026$383K

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
115 W Vernon Ave, Wake Forest, NC
0.93
Multi-Family Home
$425,000
06/15/26
4
2
1,734
2401 Abbot Hall Dr, Raleigh, NC
5.64
Multi-Family Home
$449,500
02/19/26
4
3
-
8025 Perry Creek Rd, Raleigh, NC
7.28
Multi-Family Home
$242,500
08/11/26
3
2.5
1,437
8023 Perry Creek Rd, Raleigh, NC
7.28
Multi-Family Home
$220,000
08/11/26
3
2.5
1,437

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
519 E Walnut Ave, Wake Forest, NC 27587
0.00
$299,900
4
2
1,912
For Sale
514 E Juniper Ave, Wake Forest, NC 27587
0.04
$679,000
4
3.5
2,675
For Sale
616 E Walnut Ave, Wake Forest, NC 27587
0.08
$229,500
3
2
1,506
Off Market
419 N Allen Rd, Wake Forest, NC 27587
0.08
$253,300
3
2
1,398
Off Market
430 E Juniper Ave, Wake Forest, NC 27587
0.07
$313,900
3
2
1,298
Off Market
434 E Juniper Ave, Wake Forest, NC 27587
0.07
-
3
2
323
Off Market
528 E Nelson Ave #2, Wake Forest, NC 27587
0.08
-
-
-
-
Off Market
503 E Juniper Ave, Wake Forest, NC 27587
0.09
$300,000
3
2
1,753
For Sale
532 E Nelson Ave, Wake Forest, NC 27587
0.09
$279,500
3
2
1,216
Off Market
428 N Allen Rd #3, Wake Forest, NC 27587
0.11
-
-
-
-
Off Market
418 N Allen Rd, Wake Forest, NC 27587
0.11
$269,000
3
2
1,157
For Sale
527 E PINE AVE, WAKE FOREST , NC 27587
0.11
$343,800
3
2.5
1,614
Off Market

Local Information

  • Map ViewExplore the area around 517 E Walnut Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1960
1,650 sqft
$215/sqft

About this House

*NEW RENT REDUCUCTION* This property is currently being renovated but will ready very soon! Equipped with brand new flooring, vanities, kitchen, bathroom and much more. Rent is $1295. Deposit is $1295.

Pets Negotiable with pet deposit.

1 year lease.
Tenant is responsible for all utilities.
517 E Walnut Ave, Wake Forest, NC 27587 is a 4 bedroom, 2 bathroom, 1,650 sqft multi-family built in 1960. More recently, it was listed as a rental in October 2022 with an asking price of $1,500 per month. That rental listing was removed on November 21, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $354,000, with a rent estimate of $1,332/month.

Home Details for 517 E Walnut Ave

Interior Features

Levels, Entrance, & Accessibility
Stories: 1Floors: Hardwood
Interior Details
AtticNumber of Rooms: 8Types of Rooms: Breakfast Nook, Dining Room, Family Room, Laundry Room, Master Bath, Mud Room
Appliances & Utilities
Cable ReadyDryerRefrigeratorWasher
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace
Windows, Doors, Floors & Walls
Double Paned Windows

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: BrickLawn
Parking & Garage
Parking Spaces: 4Parking: On Street, None

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: Multi FamilyArchitecture: Ranch / Rambler

Price and Tax history

DateEventPrice
Nov 21, 2022
Source: Zillow Rental Manager
ListingRemoved
Nov 21, 2022
Source: Zillow Rental Manager
PriceChange
$1,295
Price decreased by 7%
Nov 10, 2022
Source: Zillow Rental Manager
PriceChange
$1,395
Price increased by 8%
Oct 21, 2022
Source: Zillow Rental Manager
PriceChange
$1,295
Price decreased by 14%
Oct 8, 2022
Source: Zillow Rental Manager
Listed For Rent
$1,500

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

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

Frequently asked questions about 517 E Walnut Ave

  • What is 517 E Walnut Ave estimated to be worth?
    Trulia's estimated value for 517 E Walnut Ave in Wake Forest, NC is $354,000.
  • 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 do residents say about Wake Forest?
    Residents describe Wake Forest, NC as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See recently sold homes in Wake Forest, NC.
  • Does 517 E Walnut Ave have air conditioning?
    Yes, 517 E Walnut Ave in Wake Forest, NC has air conditioning.
  • Does 517 E Walnut Ave have laundry facilities?
    Yes, 517 E Walnut Ave in Wake Forest, NC has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

46 rentals with an outdoor space in Wake Forest, NC

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