518 Forest Lane, Wallace, NC 28466
Property image
Property image
FOR SALE
0.43 ACRES

$374,900

  • 4 Beds
  • 2.5 Baths
  • 2,774 sqft (on 0.43 acres)

518 Forest Lane, Wallace, NC 28466

Est. Mortgage $2,227/mo*
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Home Highlights

Single-Family Home
Built in 1989
0.43 acre lot
$135/sqft
2 Car Garage

Local Information

  • Map ViewExplore the area around 518 Forest Lane.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: 1 day ago
Listing courtesy of Valerie R Johnson, (910) 285-9111
Johnson Realty
Originating MLS: Cape Fear Realtors MLS, Inc.
Source: Hive MLS, MLS#100522809
Also Listed on Hive MLS.

Home Details for 518 Forest Lane

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 9Types of Rooms: Master Bedroom, Bedroom 1, Bedroom 2, Bedroom 3, Bonus Room, Dining Room, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2774 Square Feet
Appliances & Utilities
Utilities: Sewer ConnectedLaundry: Dryer Hookup,Washer Hookup
Heating & Cooling
Heating: Propane,Heat Pump,Electric,Forced AirHas CoolingAir Conditioning: Central Air,Heat PumpHas HeatingHeating Fuel: Propane
Fireplace & Spa
No Fireplace
Gas & Electric
No Electric on Property
Windows, Doors, Floors & Walls
Flooring: Carpet, Parquet
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoAccessibility: NoneFloors: Carpet, Parquet
View
View: None

Exterior Features

Exterior Home Features
Roof: Architectural ShinglePatio / Porch: Covered, Deck, PorchFencing: Partial, Back Yard, WoodFoundation: Crawl Space
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: Garage Faces Side,Concrete,Off Street
Frontage
Frontage Type: See RemarksRoad Frontage: City Street, State RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 383Days on Market: 180+

Property Information

Year Built
Year Built: 1989
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: Wood Frame, Stick BuiltArchitecture: Wood Frame,Stick Built
Building
Construction Materials: Brick Veneer, Wood FrameNot a New Construction
Property Information
Parcel Number: 093322

Price & Status

Price
List Price: $374,900Price Per Sqft: $135
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: WallaceCommunity: Not In Subdivision
School Information
Elementary School: WallaceJr High / Middle School: WallaceHigh School: Wallace-Rose HillHigh School District: Duplin

Agent Information

Listing Agent
Listing ID: 100522809

Building

Building Area
Building Area: 2774 Square Feet

HOA

HOA Fee Frequency (second): AnnuallyAssociation for this Listing: Cape Fear Realtors MLS, Inc.No HOA

Lot Information

Lot Area: 0.43 acres

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional

Miscellaneous

Mls Number: 100522809Living Area Range: 2600 - 2799Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetShowing Considerations: OccupiedShowing Requirements: Appointment Only, Lockbox, See Remarks

Around this home

What Locals Say about Wallace

At least 12 Trulia users voted on each feature.

  • 100 % Say car is needed

  • 89 % Say yards are well-kept

  • 78 % Say there's holiday spirit

  • 78 % Say there's wildlife

  • 76 % Say parking is easy

  • 75 % Say streets are well-lit

  • 65 % Say kids play outside

  • 59 % Say neighbors are friendly

  • 58 % Say it's walkable to restaurants

  • 58 % Say they plan to stay for at least 5 years

  • 58 % Say people would walk alone at night

  • 56 % Say it's quiet

  • 54 % Say it's dog friendly

  • 53 % Say there are sidewalks

  • 47 % Say it's walkable to grocery stores

  • 33 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Stephanie Bright
    "I’ve heard They have this really adorable store in Wallace with a ton of awesome pet finds… and the price is great too! "
    0
    Flag
  • Mabel_chavarria09
    "I really don't see dog owners walking there dogs. most of my neighbors dont have dogs. is really nice "
    0
    Flag
  • Chad
    "I’ve lived here 20+ years This town has nothing to offer families or an individual. I recommend moving towards Wilmington or Leland. Also, I recommend Garner and Clayton . You will find tons of positives and things do, as well as a better environment and school district/education AWAY from Wallace/Duplin county. I greatly discourage living in Wallace!!! Go elsewhere !"
    0
    Flag
  • Wmiller1992
    "Been in Wallace for over a year and I wish I had moved here a long time ago. Great neighborhood, fantastic neighbors. "
    1
    Flag

Market trends in Wallace

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
40
1MoM

Home Value

Trulia Estimate
$360K
Since last month
Decreased$2K (-0.5%)
Since last year
Decreased$60K (-14.3%)
Since last sale
Increased$124K (+52.2%)
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 increased by +55% in the last 10 years
MonthEstimated value
2026
August 2026$361K
August 2026$360K
July 2026$363K
June 2026$362K
May 2026$362K
March 2026$384K
February 2026$384K
January 2026$386K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
500 Forest Lane Ext, Wallace, NC
0.11
Single-Family Home
$249,900
02/18/26
3
2
1,431
502 E Cavenaugh Street, Wallace, NC
0.13
Single-Family Home
$325,000
01/29/26
3
2.5
3,070
405 E Westbrook Street, Wallace, NC
0.19
Single-Family Home
$370,000
09/30/25
4
2.5
2,715
513 E Main Street, Wallace, NC
0.35
Single-Family Home
$327,500
11/26/25
4
2.5
2,975
513 E Westbrook Street, Wallace, NC
0.10
Single-Family Home
$373,000
04/07/26
4
3.5
2,509
413 E Southerland Street, Wallace, NC
0.28
Single-Family Home
$310,000
04/27/26
3
3.5
2,273
300 N Graham Street, Wallace, NC
0.23
Single-Family Home
$259,900
07/23/26
3
2.5
1,900
134 Currie Street, Wallace, NC
0.48
Single-Family Home
$309,900
06/02/26
3
2.5
1,867

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
610 E Forest Lane, Wallace, NC 28466
0.06
$172,100
3
1
1,029
Off Market
521 Forest Lane, Wallace, NC 28466
0.04
$245,600
2
2
1,410
Off Market
614 Forest Lane, Wallace, NC 28466
0.07
$278,500
3
2.5
1,650
For Sale
616 E Murphy Street, Wallace, NC 28466
0.09
$374,900
3
2.5
2,320
For Sale
500 Forest Lane Ext, Wallace, NC 28466
0.11
$249,900
3
2
1,431
Recently Sold
604 N Duplin Street, Wallace, NC 28466
0.07
$224,000
4
2.5
2,900
For Sale
513 E Westbrook Street, Wallace, NC 28466
0.10
$373,000
4
3.5
2,509
Recently Sold
404 Forest Lane, Wallace, NC 28466
0.11
$255,400
3
2
1,750
Off Market
620 N Teachey Road, Wallace, NC 28466
0.16
$147,200
Studio
2
1,900
Off Market
313 N Harrell Street, Wallace, NC 28466
0.13
$218,100
3
2
1,610
Off Market
502 E Cavenaugh Street, Wallace, NC 28466
0.13
$325,000
3
2.5
3,070
Recently Sold

Price and Tax history

DateEventPrice
Apr 12, 2026
Source: Hive MLS #100522809
PriceChange
$374,900
Price decreased by 6%
Oct 6, 2025
Source: Hive MLS #100522809
PriceChange
$399,999
Price decreased by 2%
Sep 14, 2025
Source: Hive MLS #100522809
PriceChange
$409,900
Price decreased by 5%
Aug 2, 2025
Source: Hive MLS #100522809
Listed For Sale
$429,900
Nov 9, 2004
Source: N/A
Sold
$237,000

LGBTQ Local Legal Protections

Valerie R Johnson, Johnson Realty
Agent Phone: (910) 285-9111
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2026-09-07 07:01:44 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025-10-17 12:20:34 PDT Hive MLS

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Frequently asked questions about 518 Forest Lane

  • What is the estimated monthly payment for 518 Forest Lane?
    Based on a $374,900 list price with 20% down at today's rates, the estimated monthly payment for 518 Forest Lane in Wallace, NC is approximately $2,266 (about $1,972 principal & interest, $219 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Wallace?
    Residents describe Wallace, NC as well-kept, easy to park in, and neighborly. Most residents say you need a car. See homes for sale in Wallace, NC.
  • What are the closest schools to 518 Forest Lane?
    The closest schools to 518 Forest Lane in Wallace, NC are Wallace Elementary (Pre-K/Middle, rated 2/10), Wallace-Rose Hill High (rated 3/10).
  • What is 518 Forest Lane estimated to be worth?
    Trulia's estimated value for 518 Forest Lane in Wallace, NC is $360,200.
  • Does 518 Forest Lane have air conditioning?
    Yes, 518 Forest Lane in Wallace, NC has air conditioning.
  • Does 518 Forest Lane have laundry facilities?
    Yes, 518 Forest Lane in Wallace, NC has laundry facilities.
518 Forest Lane, Wallace, NC 28466 is a 4 bedroom, 3 bathroom, 2,774 sqft single-family home built in 1989. This property is currently available for sale and was listed by Hive MLS on Aug 2, 2025. The MLS # for this home is MLS# 100522809.