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501 E Pine Ave, Wake Forest, NC 27587
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 1 bath
Living Area: 1,096 sq ft
Year Built: 1960
Lot Size: 0.17 acres / 7,405 sq ft
Parking: Driveway
Occupancy at Closing: Vacant
Asking Price: $160,000
The AC is about 6 years old and the roof is 6–7 years old.
COMPARABLE SALES
| Address | Home Size | $/sqft | Price | Status | Beds |
| 256 7th St | 1,044 sq ft | $270 | $282,000 | Sold | 3 |
| 413 Pearce Ave | 1,233 sq ft | $215 | $265,000 | Sold | 2 |
| 508 N Taylor St | 990 sq ft | $249 | $247,000 | Sold | 3 |
| 709 Wait Ave | 922 sq ft | $260 | $240,000 | Sold | 2 |
| ⭐501 E Pine Ave (SUBJECT) | 1,096 sq ft | $146 | $160,000 | Asking | 3 |
Comp Average: ~$258,500 (~$249/sq ft)
Our Price: $160,000 ($146/sq ft)
Spread: ~$98,500
OVERVIEW
This 3 bed/1 bath home is priced at $160,000, a $98,500 spread to the comp average of $258,500. At $146/sq ft it sits well below all four comps, which traded between $215 and $270 per square foot. The AC and roof are both 6–7 years old, so the major systems are already handled. Wake Forest is one of the Triangle’s fastest-growing towns. Its population reached about 64,600 in 2026, up 4.25% in a year and 354% since 2000, and Travel + Leisure named it America’s Most Desired Suburb for 2025.
Source: Discover Wake Forest — 2026 Snapshot of Growth, Discover Wake Forest — 6th Annual Economic Development Forum
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.