1600 Penstock Ln
Wake Forest, NC 27587
4 bd 3 ba 2,630 sqft Built 2018 Lot 8,276 sqft single_family
Most recent sale
$591,000
Jul 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 22, 2022 | Sold | $591,000 | MLS #100331663 |
| Jun 3, 2022 | Listed | $579,000 | MLS #100331663 |
| Sep 19, 2017 | Sold | $298,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $396,901 | $100,000 | $496,901 | $4,676 |
| 2024 | $396,901 | $100,000 | $496,901 | $4,658 |
| 2023 | $283,352 | $42,000 | $325,352 | $3,800 |
| 2022 | $283,352 | $42,000 | $325,352 | $3,646 |
| 2021 | $283,352 | $42,000 | $325,352 | $3,583 |
| 2020 | $283,352 | $42,000 | $325,352 | $3,583 |
| 2019 | $211,540 | $52,000 | $263,540 | $3,290 |
| 2018 | — | $52,000 | $52,000 | $3,115 |
Property facts
Year built
2018
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,630 sqft
Lot size
8,276 sqft
ZIP code
27587
City
Wake Forest
Street
Penstock Ln
Coordinates
35.96346, -78.53091
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,551
Gross rental yield
7.21%
Implied cap rate
4.69%
Trend-extrapolated value
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Frequently asked questions
When did 1600 Penstock Ln last sell?
1600 Penstock Ln most recently sold on Jul 22, 2022 for $591,000.
What is the current tax assessment for 1600 Penstock Ln?
The most recent total assessment for 1600 Penstock Ln (year 2025) is $496,901 with $4,676 in property tax.
How does 1600 Penstock Ln's assessment compare to its last sale price?
The current assessment is 15.9% below the last sale price of $591,000.
When was 1600 Penstock Ln built?
1600 Penstock Ln was built in 2018.
How does 1600 Penstock Ln compare to others on Penstock Ln?
We track 8 other properties on Penstock Ln. Browse the list under "Other properties on Penstock Ln" to compare beds, baths, and sale history.
What are the property facts for 1600 Penstock Ln?
1600 Penstock Ln is a 4 bed, 3 bath, 2,630 sqft, 8,276 sqft lot single_family.
Is 1600 Penstock Ln a flip candidate?
No — 1600 Penstock Ln does not appear in our flips dataset.
Is 1600 Penstock Ln a tax-appeal candidate?
No — 1600 Penstock Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-6.4%
Implied 1-yr
-25.6%
2026 Q3
$467.5K
2026 Q4
$456.6K
ZIP 27587 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Penstock Ln