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516 Cypress St

Wendell, NC 27591

3 bd 2 ba 1,338 sqft Built 1947 Lot 7,405 sqft single_family
Most recent sale
$125,000
Oct 16, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 7, 2024 Sold $290,000 DoorifyMLS
Aug 7, 2024 Price changed for rent $1,800 DoorifyMLS
Jul 31, 2024 Listed for rent $2,000 DoorifyMLS
May 15, 2024 Listed $345,000 TriangleAreaNC
Oct 16, 2023 Sold $125,000 TriangleAreaNC
Aug 2, 2023 Listed $140,000 TriangleAreaNC
May 12, 2023 Sold $50,000 Public Record
Feb 25, 2004 Sold $27,000 Public Record
May 6, 1986 Sold $24,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $49,584 $85,000 $134,584 $1,446
2024 $46,268 $85,000 $131,268 $1,386
2023 $22,289 $32,000 $54,289 $698
2022 $22,289 $32,000 $54,289 $667
2021 $22,289 $32,000 $54,289 $656
2020 $22,289 $32,000 $54,289 $650
2019 $18,065 $27,000 $45,065 $608
2018 $18,065 $27,000 $45,065 $578
2017 $18,065 $27,000 $45,065 $561
2016 $18,065 $27,000 $45,065 $554
2015 $31,476 $30,000 $61,476 $748
2014 $31,476 $30,000 $61,476 $725
2013 $31,476 $30,000 $61,476 $698
2012 $31,476 $30,000 $61,476 $698
2011 $31,476 $30,000 $61,476 $698
2010 $31,476 $30,000 $61,476 $698
2009 $31,476 $30,000 $61,476 $698
2007 $31,476 $30,000 $61,476 $658

Property facts

Year built
1947
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,338 sqft
Lot size
7,405 sqft
ZIP code
27591
City
Wendell
Street
Cypress St
Coordinates
35.78752, -78.37066

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$750
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 516 Cypress St last sell?
516 Cypress St most recently sold on Oct 16, 2023 for $125,000.
What is the current tax assessment for 516 Cypress St?
The most recent total assessment for 516 Cypress St (year 2025) is $134,584 with $1,446 in property tax.
How does 516 Cypress St's assessment compare to its last sale price?
The current assessment is 7.7% above the last sale price of $125,000.
When was 516 Cypress St built?
516 Cypress St was built in 1947.
How does 516 Cypress St compare to others on Cypress St?
We track 8 other properties on Cypress St. Browse the list under "Other properties on Cypress St" to compare beds, baths, and sale history.
What are the property facts for 516 Cypress St?
516 Cypress St is a 3 bed, 2 bath, 1,338 sqft, 7,405 sqft lot single_family.
Is 516 Cypress St a flip candidate?
Yes — 516 Cypress St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 516 Cypress St a tax-appeal candidate?
No — 516 Cypress St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-2.2%
Implied 1-yr
-8.9%
2026 Q3
$466.8K
2026 Q4
$454.7K
ZIP 27591 — Median Price History + Forecast

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