2316 Rainy Lake St
Wake Forest, NC 27587
5 bd 3 ba 2,335 sqft Built 2006 Lot 6,098 sqft single_family
Most recent sale
$400,000
Sep 28, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 14, 2022 | Price changed | $499,900 | MLS #2464426 |
| Sep 9, 2022 | Price changed | $519,900 | MLS #2464426 |
| Aug 8, 2022 | Price changed | $539,900 | MLS #2464426 |
| Aug 6, 2022 | Price changed | $544,999 | MLS #2464426 |
| Jul 25, 2022 | Listed | $550,000 | MLS #2464426 |
| Sep 28, 2021 | Sold | $400,000 | MLS #2408878 |
| Dec 8, 2010 | Price changed | $250,000 | MLS #1753324 |
| Oct 22, 2010 | Listed | $269,900 | MLS #1753324 |
| Jun 5, 2010 | Price changed | $259,900 | MLS #1720251 |
| Apr 1, 2010 | Listed | $269,900 | MLS #1720251 |
| Jun 1, 2007 | Sold | $245,000 | Public Record |
| Jun 27, 2006 | Sold | $941,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $311,675 | $105,000 | $416,675 | $3,924 |
| 2024 | $311,675 | $105,000 | $416,675 | $3,909 |
| 2023 | $232,406 | $69,000 | $301,406 | $3,522 |
| 2022 | $232,406 | $69,000 | $301,406 | $3,379 |
| 2021 | $232,406 | $69,000 | $301,406 | $3,320 |
| 2020 | $232,406 | $69,000 | $301,406 | $3,320 |
| 2019 | $178,071 | $56,000 | $234,071 | $2,924 |
| 2018 | $178,071 | $56,000 | $234,071 | $2,769 |
| 2017 | $178,071 | $56,000 | $234,071 | $2,677 |
| 2016 | $178,071 | $56,000 | $234,071 | $2,643 |
| 2015 | $185,290 | $55,000 | $240,290 | $2,746 |
| 2014 | $185,290 | $55,000 | $240,290 | $2,658 |
| 2013 | $185,290 | $55,000 | $240,290 | $2,529 |
| 2012 | $185,290 | $55,000 | $240,290 | $2,529 |
| 2011 | $185,290 | $55,000 | $240,290 | $2,529 |
| 2010 | $185,290 | $55,000 | $240,290 | $2,529 |
| 2009 | $185,290 | $55,000 | $240,290 | $2,529 |
| 2007 | $193,346 | $70,000 | $263,346 | $2,223 |
Property facts
Year built
2006
Property type
single_family
Stories
2
Beds
5
Baths
3
Living area
2,335 sqft
Lot size
6,098 sqft
ZIP code
27587
City
Wake Forest
Street
Rainy Lake St
Coordinates
35.91008, -78.50966
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,152
Gross rental yield
9.46%
Implied cap rate
6.15%
Trend-extrapolated value
—
Frequently asked questions
When did 2316 Rainy Lake St last sell?
2316 Rainy Lake St most recently sold on Sep 28, 2021 for $400,000.
What is the current tax assessment for 2316 Rainy Lake St?
The most recent total assessment for 2316 Rainy Lake St (year 2025) is $416,675 with $3,924 in property tax.
How does 2316 Rainy Lake St's assessment compare to its last sale price?
The current assessment is 4.2% above the last sale price of $400,000.
When was 2316 Rainy Lake St built?
2316 Rainy Lake St was built in 2006.
How does 2316 Rainy Lake St compare to others on Rainy Lake St?
We track 8 other properties on Rainy Lake St. Browse the list under "Other properties on Rainy Lake St" to compare beds, baths, and sale history.
What are the property facts for 2316 Rainy Lake St?
2316 Rainy Lake St is a 5 bed, 3 bath, 2,335 sqft, 6,098 sqft lot single_family.
Is 2316 Rainy Lake St a flip candidate?
No — 2316 Rainy Lake St does not appear in our flips dataset.
Is 2316 Rainy Lake St a tax-appeal candidate?
No — 2316 Rainy Lake St 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 Rainy Lake St