118 Michael Way
Clayton, NC 27520
3 bd 3 ba 2,748 sqft Built 1998 Lot 46,174 sqft single_family
Most recent sale
$499,900
Oct 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 27, 2022 | Sold | $499,900 | MLS #100350083 |
| Sep 28, 2022 | Listed | $499,900 | MLS #2476403 |
| Mar 19, 2018 | Sold | $327,500 | Public Record |
| Feb 14, 2018 | Price changed | $329,900 | MLS #2153586 |
| Nov 30, 2017 | Price changed | $349,900 | MLS #2153586 |
| Sep 28, 2017 | Listed | $365,000 | MLS #2153586 |
| Jun 1, 1998 | Sold | $235,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $477,660 | $106,000 | $583,660 | $3,706 |
| 2023 | $264,800 | $76,320 | $341,120 | $2,865 |
| 2022 | $248,390 | $76,320 | $324,710 | $2,751 |
| 2021 | $248,390 | $76,320 | $324,710 | $2,752 |
| 2020 | $248,390 | $76,320 | $324,710 | $2,849 |
| 2019 | $248,390 | $76,320 | $324,710 | $2,849 |
| 2018 | $230,930 | $68,900 | $299,830 | $2,691 |
| 2017 | $230,930 | $68,900 | $299,830 | $2,691 |
| 2016 | $230,930 | $68,900 | $299,830 | $2,631 |
| 2015 | $230,930 | $68,900 | $299,830 | $2,631 |
| 2014 | $230,930 | $68,900 | $299,830 | $2,631 |
| 2013 | — | — | $299,830 | $2,631 |
| 2011 | $230,930 | $68,900 | $299,830 | $2,631 |
| 2010 | $245,060 | $40,280 | $285,340 | $2,504 |
| 2009 | $245,060 | $40,280 | $285,340 | $2,503 |
| 2008 | $245,060 | $40,280 | $285,340 | $2,504 |
Property facts
Year built
1998
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,748 sqft
Lot size
46,174 sqft
ZIP code
27520
City
Clayton
Street
Michael Way
Coordinates
35.68353, -78.44063
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,710
Gross rental yield
8.91%
Implied cap rate
5.79%
Trend-extrapolated value
—
Frequently asked questions
When did 118 Michael Way last sell?
118 Michael Way most recently sold on Oct 27, 2022 for $499,900.
What is the current tax assessment for 118 Michael Way?
The most recent total assessment for 118 Michael Way (year 2025) is $583,660 with $3,706 in property tax.
How does 118 Michael Way's assessment compare to its last sale price?
The current assessment is 16.8% above the last sale price of $499,900.
When was 118 Michael Way built?
118 Michael Way was built in 1998.
How does 118 Michael Way compare to others on Michael Way?
We track 4 other properties on Michael Way. Browse the list under "Other properties on Michael Way" to compare beds, baths, and sale history.
What are the property facts for 118 Michael Way?
118 Michael Way is a 3 bed, 3 bath, 2,748 sqft, 46,174 sqft lot single_family.
Is 118 Michael Way a flip candidate?
No — 118 Michael Way does not appear in our flips dataset.
Is 118 Michael Way a tax-appeal candidate?
Yes — 118 Michael Way appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+6.2%
Implied 1-yr
+24.9%
2026 Q3
$699.9K
2026 Q4
$730.9K
ZIP 27520 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Michael Way