Homes/North Carolina/Wake Forest/1140 Duke Farm Dr
CompCasa Property Analysis · single_family

1140 Duke Farm Dr

Spacious 5-Bedroom Family Home Near Falls Lake

3,210 sqft on a .36-acre lot with community amenities

5 beds3.5 baths3,210 sq ftBuilt 20100.36 acres2-car attached
CompCasa valuation analysis
Estimated market value
$550,000
Low $520,000 · Midpoint $550,000 · High $580,000
Confidence85%Sales comparison approach
Last recorded sale$450,000Aug 10, 2018
Assessed value$480,0002025 assessment
CompCasa estimate$550,000Mar 7, 2026
Estimate vs. last recorded sale+$100,000 / +22.2%
$520,000$550,000 midpoint$580,000
Price / sq ft$171
Median sale price$525,000
Avg days on market20 days
Inventory1.8 months

Sales comparison approach using nearby sales within 1 mile. Adjustments made for size and condition. Local appreciation trends considered.

About the property

Spacious 5-Bedroom Family Home Near Falls Lake

The first thing you notice at 1140 Duke Farm Dr is the generous, level .36-acre yard — a rare, family-scaled parcel inside Wake Forest with room for play, gardening, and weekend projects. Built in 2010 and offering 3,210 square feet, this two-story home balances everyday livability with flexible space: five bedrooms, 3.5 baths, and multiple gathering areas for children, guests, and remote work. The home’s footprint reads as intentionally open: sightlines across the main living spaces make supervising homework during dinner simple and make hosting easier.

At the center of the plan is a modern kitchen appointed for serious family use. The listing notes high-end appliances and contemporary finishes; that kitchen anchors a casual dining zone and a larger family room warmed by a fireplace — a natural focal point for movie nights and quiet evenings. On the entry level you’ll also find formal and informal rooms that adapt to a home office, playroom, or guest suite. Upstairs houses a roomy primary suite plus four additional bedrooms and well-appointed baths, giving everyone privacy and storage.

Systems and practicalities were thoughtfully addressed: central heating and cooling, municipal water and sewer, Piedmont Natural Gas service, and a two-car attached garage provide day-to-day comfort and convenience. The shingle roof and framed construction reflect the 2010 build and a condition reported as good. With no basement and two full stories, the layout is straightforward to maintain and easy to update if you choose to personalize finishes.

Location is a standout. This property sits minutes from Falls Lake State Recreation Area and within quick reach of Wake Forest’s retail and community hubs — Renaissance Centre and The Factory are a short drive away. Wake Forest Elementary (8/10) plus nearby middle and high schools with solid ratings make this an appealing choice for families. Community amenities include neighborhood recreational facilities and a pool, giving summer relief and social opportunities close to home. In short: roomy scale, practical systems, and strong community attributes make 1140 Duke Farm Dr a compelling option for growing families or investors seeking long-term demand in Wake Forest.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$540,000
Property address1135 Duke Farm Dr, Wake Forest, NC 27587
4 bed3.5 bath3,140 sq ftBuilt 20110.1 mi15,000 sq ft lot$172/SF
Sold Nov 10, 2025
Subject difference
  • 70 SF smaller
  • 1 fewer bedroom
  • Similar lot size
  • 1 year newer
02Sold price$515,000
Property address1150 Park Front Dr, Wake Forest, NC 27587
5 bed3 bath3,120 sq ftBuilt 20090.3 mi15,500 sq ft lot$165/SF
Sold Dec 5, 2025
Subject difference
  • 90 SF smaller
  • 0.5 fewer bathrooms
  • Similar lot size
  • 1 year older
03Sold price$555,000
Property address1123 Elm St, Wake Forest, NC 27587
5 bed3.5 bath3,100 sq ftBuilt 20120.4 mi14,000 sq ft lot$179/SF
Sold Oct 15, 2025
Subject difference
  • 110 SF smaller
  • 1,681 SF smaller lot
  • 2 years newer
Comp methodology: Focused on recent sales of similarly sized homes within close proximity to ensure accuracy in valuation.
Property details

A 2010 traditional on 0.36 acres.

Building

Year built2010
ConstructionFrame
RoofShingle
Heatingcentral
Coolingcentral

Site & utilities

Lot size0.36 acres
Garage2-car attached
Stories2
ConditionGood
BasementNone
FireplaceYes
Improvement notes5 bedrooms, 3.5 bathrooms, open floor plan, modern kitchen
Lot area15,681 sq ft
TopographyLevel
ParkingAttached Garage
Parking spaces2
Parking notes2-car attached garage
AccessStandard residential driveway
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Wake Forest, NC

Researched nearby locations

Falls Lake State Recreation Area (3 miles)
Wake Forest Renaissance Centre (2 miles)
The Factory shopping and sports (2.5 miles)

Location

1140 Duke Farm Dr, Wake Forest, NC 27587

View in Google Maps
Editorial neighborhood context

Wake Forest combines small-town charm with fast access to Raleigh-area job centers. This section of Duke Farm Drive sits within convenient reach of Falls Lake for boating, fishing, and miles of trails, while local retail and community hubs — Renaissance Centre and The Factory — supply dining, fitness, and entertainment. The Wake County Public School System serving the area scores well at the elementary and middle levels, making the neighborhood particularly attractive to growing families. Quiet residential streets, active community recreation, and easy commuting routes define the local lifestyle.

Nearby access summary

Very good recreation access: Falls Lake State Recreation Area is about 3 miles away with trails and water access, community pool and recreational facilities nearby, and local parks and bike paths for everyday outdoor activity.

ElementaryWake Forest Elementary School (8/10)
Middle schoolWake Forest Middle School (7/10)
High schoolWake Forest High School (7/10)
School districtWake County Public School System
Market context

A factual market snapshot around 1140 Duke Farm Dr.

Median sale price$525,000
Avg days on market20 days
Inventory1.8 months
1-year appreciation7.0%
5-year appreciation35.0%
Editorial market perspective

Wake Forest is firmly favoring sellers right now. Inventory is tight at roughly 1.8 months, average days on market hover around 20, and the neighborhood has posted about 7% appreciation year-over-year (35% over five years). Recent nearby sales cluster between roughly $515,000 and $555,000 for comparably sized homes, supporting a valuation range in the $520k–$580k band and a midpoint near $550,000. Single-family homes in this corridor continue to attract family buyers drawn to high-rated elementary and middle schools, proximity to Falls Lake, and commuter access into the Raleigh-Cary MSA. For investors, rental comps show strong demand — estimated monthly rent around $2,700 with rent-per-square-foot near $0.84 — making gross yields reasonable in the current cycle. Given the low inventory and brisk turnover, well-priced, move-in-ready homes often receive multiple offers; buyers should be prepared to move quickly and bring financing and inspection contingencies into alignment. Conversely, sellers still benefit from elevated buyer competition and faster closings than in balanced markets.

Zoning & land use

Residential 10

Zoning

Zoning codeR-10
DescriptionResidential 10
JurisdictionWake County
Assessor useSingle Family Residential
Current useResidential

Research-indicated uses

  • Single Family
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$160,000
Assessed improvements$320,000
Total assessed$480,000
Assessment year2025
Annual property tax$6,000
Tax year2025

Sale history

2018-08-10$450,000 · $140/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,650/mo
Property address1160 Maple Ave, Wake Forest, NC 27587
5 bed3 bath3,200 sq ft$0.82/SF
Leased Sep 1, 2025
Subject difference
  • 10 SF smaller
  • 0.5 fewer bathrooms
Research comparison noteClose to schools, family-friendly neighborhood
02Monthly rent$2,750/mo
Property address1170 Oak Dr, Wake Forest, NC 27587
5 bed3.5 bath3,150 sq ft$0.85/SF
Leased Aug 15, 2025
Subject difference
  • 60 SF smaller
Research comparison noteProximity to recreational areas boosts rental appeal
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Built in 2010, offering modern construction benefits
  • Assessed total value of $480,000 in 2025
  • Recent comparable sales indicate a strong market position
  • R-10 zoning primarily for single-family residential use
  • Proximity to major recreational and retail areas enhances appeal

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm ownership details in tax records
  • Inspect home for condition and recent renovations
  • Verify zoning restrictions for potential ADU development
  • Professional appraisal for detailed market valuation
Highlights & features

What stands out about this property.

Interior Features

  • 5 bedrooms, 3.5 bathrooms
  • Open floor plan with defined living and family rooms
  • Modern kitchen with high-end appliances (per listing notes)
  • Fireplace in family room
  • Two-story layout with primary suite upstairs
  • Central heating and cooling

Exterior & Lot

  • Level 0.36-acre lot
  • 2-car attached garage
  • Shingle roof
  • Municipal water and sewer
  • Piedmont Natural Gas and Duke Energy utility services
  • Driveway with standard residential access

Location & Neighborhood

  • Approx. 3 miles to Falls Lake State Recreation Area
  • Wake Forest Renaissance Centre ~2 miles
  • The Factory shopping and sports complex ~2.5 miles
  • Wake County Public School System (high-rated elementary and middle schools)

Walkability & Recreation

  • Walkability Rating: 35/100 — Car-Dependent
  • Nearby parks and green spaces including Falls Lake (3 miles)
  • Hiking and biking trails within 3 miles
  • Community pool and recreational facilities
  • Running/walking paths near the lake and local parks
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Wake County GIS and property recordsView source
2
Triangle MLS market dataView source
3
Wake Forest real estate dataView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.