706 Elm Avenue
Wake Forest · Wake Forest, NC 27587
$349,000
$246 per sq ft
- 3bedrooms
- 1.5bathrooms
- 1,420sq ft
- 0.25acre lot
- 1955built
- NoneHOA / mo
A single-storey ranch inside the Wake Forest historic district for $349,000
A 1955 ranch on a quarter acre, three bedrooms, one and a half baths, original oak floors throughout. Roof 2020, HVAC 2021. The kitchen is from a 1990s update. Fenced back yard with a mature fig and a detached shed. Ten minutes on foot to downtown Wake Forest and the greenway trailhead.
- Original oak floors throughout
- Roof 2020, HVAC 2021
- Ten minutes on foot to downtown
- No HOA
What this house has
- Single storey
- Main-floor primary
- No HOA
- Fenced yard
- Hardwood floors
- Greenway access
The numbers
| Listing ID | HS-1159 |
|---|---|
| Property type | Single-family |
| Style | Ranch |
| Status | Active |
| Bedrooms | 3 |
| Bathrooms | 1.5 (1 full, 1 half) |
| Interior | 1,420 sq ft |
| Price per sq ft | $246 |
| Lot | 0.25 acre |
| Year built | 1955 |
| HOA / condo fee | None |
| Estimated tax rate | 1.1470% of value per year |
| Listed on | August 7, 2026 |
| Days on market | 28 |
| County | Wake County, NC |
| Coordinates | 35.9788, -78.5142 |
Wake Forest
A town north of Raleigh built around the campus the university left in 1956, with a walkable pre-war core of two-storey frame houses and a large ring of subdivisions added since 1998.
- Housing stock Two-storey frame houses of 1,400–2,800 sq ft in the historic district; 1,800–4,000 sq ft detached houses and 1,500–2,000 sq ft townhomes in the newer areas.
- Typical lot 0.18–0.40 acre
- Getting about About 17 miles to downtown Raleigh via US-1; roughly 28 miles to RTP.
Assigned schools
These are the base schools currently assigned to this address by Wake County Public School System. We list assignment as a fact and nothing more — we do not rate, rank or compare schools, and no one at Homestead will, because doing so is how housing discrimination happens in practice. Judge them yourself.
- ElementaryHeritage Elementary
- MiddleHeritage Middle
- HighHeritage High
- DistrictWake County Public School System
Attendance areas are reassigned periodically and a base assignment can change before you close. Verify the current assignment directly with Wake County Public School System before you rely on it.
What this would cost a month
Change any number. Nothing here is a quote — it is arithmetic.
$2,546
estimated total monthly ·$314,100 borrowed
- Principal and interest
- $1,975
- Property tax
- $334
- Homeowner’s insurance
- $94
- HOA / condo fee
- $0
- Mortgage insurance (PMI)
- $144
Under 20% down, so private mortgage insurance is included at an estimated 0.55% of the loan a year. On a conventional loan it comes off automatically once you reach 78% loan-to-value, and you can usually request removal at 80%. On most FHA loans it stays for the life of the loan.
Over the full term you would pay about $396,903 in interest, assuming you never pay extra and never refinance.
Estimates only. Actual rates depend on credit, loan type and the day. Wake County property tax is reassessed on a four-year cycle, so a recent revaluation can move the tax line. Talk to a lender for a real quote — we can introduce you to three.
Scored on this data, not hand-picked
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