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$175,000

  • Sold
  • Closed
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 880 Sq. Ft.
  • 0.19 Acres
  • Updated 10 days ago
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Priced below the Tax Assessed Value, this building lot & renovation opportunity situated in a National Register Historic District. This classic cottage and lot presents a unique opportunity to own prime downtown location in Wake Forest. Perfectly positioned for a car-optional lifestyle, the home is just 0.3 miles from Wake Forest Magnet Elementary and the Seminary, with the shops and dining of White Street only a half-mile stroll away. This property is an ideal match for those looking to build equity in a high-demand area, rental income investors, and value-add investors. The National Historic Register status allows for a State and Federal Tax Credit on rehabilitation expenses for income-producing properties. This GR3 zoned lot is also primed for buyers seeking a high-end renovation endeavor or a two-story rebuild (Verify with HPC). This property offering is sold strictly AS-IS. An Inspection Report is available upon request. The Listing Agent is related to the Seller.

Full Property Details for 132 W Vernon Ave

General

  • Sold For: $175,000
  • Taxes: $1,757
  • Status: Closed
  • Type: Single Family
  • Source: 2218
  • MLS ID: 10148904
  • Added to Site: 49 day(s) ago

Interior

  • Number of Rooms: 8
  • Interior Features: Laminate Counters, Master Downstairs, Walk-In Shower
  • Appliances: Free-Standing Electric Range, Gas Water Heater
  • Flooring: Hardwood, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Exterior

  • Exterior Features: Private Yard, Rain Gutters, Smart Light(s)
  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: On Site, Outside

Location

  • County: Wake
  • Subdivision: Not in a Subdivision
  • Driving Directions: From US-1 N/Capital Blvd: Turn Right onto NC-98/W Durham Rd toward historic Wake Forest. Turn Left onto S Wingate St, then Right onto W Vernon Ave. The property is located on the Right, perfectly situated between the Seminary and the downtown corridor.
  • City Limits: Yes

School Information

  • Elementary School: Wake - Wake Forest
  • Middle School: Wake - Wake Forest
  • High School: Wake - Wake Forest

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric, Gas
  • Heating Type: Electric, Forced Air, Gas Pack, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Natural Gas Connected, Water Connected

Structural Information

  • Architectural Style: Cottage
  • Structure Type: House
  • Exterior Const.: Cement Siding, Clapboard
  • Roof: Asphalt, Fiberglass, Shingle
  • Common Walls: No Common Walls
  • Windows: Blinds
  • Drive-In Doors: Storm Door(s)
  • Stories/Levels: 1
  • Building Size: 880
  • Square Feet: 880
  • Finished Above Grnd: 880 Sq. Ft.
  • Year Built: 1940

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276.4
  • Fence: Yes
  • Lot Features: Back Yard, City Lot, Front Yard, Landscaped
  • Zoning: GR3
  • Fencing (Description): None

Financial Considerations

  • Tax Amount: $1,757.14

Disclosures and Reports

  • Special Conditions: Real Estate Owned
  • Bank-owned: Yes
  • Property ID: 184006392952000 0115946
  • Lot Number: 1

Listed by eXp Realty, LLC - C, Miles Ridley Boan (919) 671-0279
Sold by LPT Realty, LLC, Rob Zelem

Listing agent

— 132 W Vernon Ave —

  • Miles Ridley Boan

    eXp Realty, LLC - C

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 132 W Vernon Ave

School District:Wake County Schools
NameGradesDistance
Wake Forest Elementary
406 South Main Street, Wake Forest, NC 27587
PK-50.2 mi
Wake Forest Middle School
1800 South Main Street, Wake Forest, NC 27587
6-81.6 mi
Wake Forest High School
420 West Stadium Avenue, Wake Forest, NC 27587
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 132 W Vernon Ave

Date
Details
Price
Change
Source
3/31/2026
Sold
$175,000
0.06%
MLS
3/16/2026
Price Reduced
$174,900
-14.64%
MLS
3/13/2026
Price Reduced
$204,900
-8.89%
MLS
3/05/2026
Price Reduced
$224,900
-5.31%
MLS
3/03/2026
Price Reduced
$237,500
-10.38%
MLS
2/26/2026
Listed
$265,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by eXp Realty, LLC - C, Miles Ridley Boan (919) 671-0279
Sold by LPT Realty, LLC, Rob Zelem

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132 W Vernon Avenue, Wake Forest, NC 27587 (MLS# 10148904) is a Single Family property that was sold at $175,000 on March 31, 2026. Want to learn more about 132 W Vernon Avenue? Do you have questions about finding other Single Family real estate for sale in Wake Forest? You can browse all Wake Forest real estate or contact a Coldwell Banker agent to request more information.