Property listing for 317 Conrad Ln, Wake Forest, NC 27587
For SaleTownhome

$330,000

317 Conrad Ln, Wake Forest, NC 27587

Contemporary 3-Bed Townhome with Low-Maintenance Yard

3 Bed · 2.5 Bath · 1,573 Sq Ft

Built in 2023 — modern finishes steps from downtown Wake Forest

3

Beds

2.5

Baths

1,573

Sq Ft

2023

Built

0.04 acres

Lot

1-car attached

Garage

About 317 Conrad Ln

This 2023-built townhome in the Holding Mills community stands out for its tight, low-maintenance lot and contemporary finishes — ideal for buyers who want modern style without extra upkeep. At 1,573 square feet the floor plan balances open gathering spaces with three private bedrooms. Luxury vinyl plank flooring runs through the main level, where a bright living area opens to a kitchen appointed with granite countertops and efficient, contemporary appliances.

Upstairs features a primary bedroom and two additional bedrooms with a shared full bath and convenient laundry area — thoughtful, practical touches that suit first-time buyers, downsizers, or investors. The home includes 2.5 bathrooms, central AC with an electric heat pump, and no basement. Construction details include fiber cement siding with stone accents and a shingle roof, reflecting the neighborhood’s fresh, cohesive aesthetic.

Parking and storage are handled with a 1-car attached garage plus an additional driveway space. The small, level lot (approximately 0.04 acres) and HOA maintenance (noted at $75/month) make yard care easy and free up weekends for nearby recreation. Speaking of location, the property sits roughly a mile from downtown Wake Forest, putting restaurants, cafés, and seasonal community events within an easy drive or a short bike ride. Joyner Park and Flaherty Dog Park are both within about 1–1.5 miles, offering quick access to green space.

Financially this unit sits squarely in the neighborhood’s established pricing band: recent area townhome sales cluster around $320K–$340K, with a midpoint valuation estimate of roughly $330,000 ($210/SF). For investors, recent rental comps suggest an estimated monthly rent near $1,800 (≈$1.14/SF) and a gross rental yield around 6.5% — steady demand in Wake Forest from professionals and small families supports rental stability. With average days on market near 30 and inventory around 2.5 months in the area, properly priced, move-in-ready townhomes are selling briskly — particularly those close to downtown amenities.

Home Highlights

Move-in ready — built in 20231,573 SF with 3 bedrooms and 2.5 bathsGranite countertops and luxury vinyl plank flooring1-car attached garage + drivewayLow-maintenance lot and HOA servicesEstimated rental income ~$1,800/month

Property Features

Interior Features

  • Open main living area with LVP flooring
  • Granite countertops in kitchen
  • Contemporary appliances (stainless-steel style)
  • Primary suite plus two bedrooms upstairs
  • 2.5 bathrooms
  • Laundry area on upper level
  • Central AC with electric heat pump

Exterior & Lot

  • Fiber cement siding with stone accents
  • Shingle roof
  • 1-car attached garage plus driveway
  • Small, level lot (~0.04 acres) for low-maintenance living
  • Standard frontage on Conrad Ln
  • HOA-maintained community (HOA fee noted at $75/month)

Location & Neighborhood

  • Holding Mills Townhomes community
  • About 1 mile to Downtown Wake Forest
  • Joyner Park ~1.5 miles; Flaherty Dog Park ~1.2 miles
  • Wake Forest Crossing Shopping Center ~2 miles
  • Part of the Raleigh-Cary MSA

Walkability & Recreation

  • Walkability Rating: 65/100 — Some Walkable Amenities
  • Downtown dining, shops, and weekly events within ~1 mile
  • Joyner Park and Flaherty Dog Park within 1.5 miles
  • Neighborhood green spaces and local sidewalks
  • Easy access to N Main St for commuting

Neighborhood & Location

Holding Mills offers modern townhome living a short ride from downtown Wake Forest. The neighborhood blends quiet residential streets with convenient access to local parks, dog facilities, and shopping centers. Residents enjoy community events downtown, a growing dining scene, and proximity to Joyner Park for outdoor recreation. The area has seen steady population growth, attracting professionals and families who value low-maintenance homes close to Raleigh-Cary job centers.

Market Insights

Wake Forest’s market currently reads as balanced with a tilt toward seller-friendly conditions: low inventory (approximately 2.5 months) and an average days-on-market near 30 mean well-priced homes receive strong interest. Median sale price for the immediate area is about $325,000, and year-over-year appreciation has been modest (≈5% in the last 12 months) while five-year appreciation sits near 25%. Townhomes in Holding Mills perform particularly well because they offer newer construction, low-maintenance upkeep, and proximity to downtown Wake Forest — attributes that appeal to first-time buyers, young families, and investors. Rental demand in the submarket is healthy; recent leases for comparable 3BR units suggest monthly rents around $1,750–$1,850, supporting a gross rental yield near 6–6.5%. Given steady population growth in Wake Forest and short supply of comparably priced turnkey townhomes, this is a timely opportunity for buyers seeking move-in-ready housing or investors targeting dependable cash flow. Buyers should still verify HOA details and complete inspections, but the macro indicators favor listing this property competitively in today’s market.

Nearby Schools

Richland Creek Elementary

Elementary

7/10

Wake Forest Middle

Middle

3/10

Wake Forest High

High

8/10

Walkability & Recreation

65
Walkability
78
Recreation

Very good access to parks and open space: Joyner Park and Flaherty Dog Park are within roughly 1–1.5 miles, downtown green spaces and walking routes are nearby, and community greenways support daily walking and biking.

Investment Highlights

  • Modern construction (2023) with contemporary features and finishes
  • Proximity to parks and downtown Wake Forest enhances lifestyle appeal
  • Low-maintenance living with HOA services and small lot size
  • Steady appreciation trends in a growing community
  • Well-rated elementary and high schools in the vicinity

Key Findings

  • Assessed value of $315,000 aligns with market estimates
  • Comparable sales within 0.5 miles range from $320K to $340K
  • Population growth of 15% over the past 5 years in Wake Forest
  • Walkability Rating estimate: 65/100
  • Elementary and high schools rated 7/10 and 8/10 respectively

Things to Consider

  • Middle school rating of 3/10 may be a consideration for families
  • Limited lot size may not appeal to buyers seeking larger outdoor spaces
  • HOA fees of $75/month add to monthly expenses

Opportunity Analysis

Modern townhome in a growing community with steady appreciation and low maintenance requirements. Proximity to amenities and well-rated schools enhance its appeal.

Potential Use Scenarios

  • Ideal for first-time homebuyers seeking modern amenities and convenience
  • Potential rental property with steady demand in Wake Forest
  • Long-term investment in a growing community with appreciating property values

Risk Factors

  • Middle school rating may impact family buyer interest
  • Limited outdoor space compared to single-family homes
  • HOA fees contribute to ongoing expenses

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$320K

Midpoint

$330K

High

$340K

$210/SF estimated price per square foot

85% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and age. Assessed value of $315K aligns with market estimates.

As of 2026-03-07

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$325,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$75,000

Wake Forest has experienced steady population growth, with a 15% increase over the past 5 years. Walkability Rating estimate: 65/100.

Nearby Points of Interest

  • Joyner Park (1.5 mi)
  • Flaherty Dog Park (1.2 mi)
  • Downtown Wake Forest (1 mi)
  • Wake Forest Crossing Shopping Center (2 mi)

Proximity to parks, shopping centers, and downtown Wake Forest offers a blend of suburban tranquility and urban convenience.

School District

DistrictWake County Public School System
ElementaryRichland Creek Elementary (7/10)
MiddleWake Forest Middle (3/10)
HighWake Forest High (8/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2023
Constructionfiber cement and stone
Stories2
Roofshingle
Heatingelectric heat pump
Coolingcentral AC
Basementnone
FireplaceNo
Conditionexcellent

Lot & Site

Lot Size0.04 acres (1,742 SF)
Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces2
FrontageStandard frontage on Conrad Ln

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeRMX
DescriptionResidential Mixed-Use
JurisdictionTown of Wake Forest

Allowed Uses

residentialhome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$315,000
Land$60,000
Improvements$255,000
Annual Tax (2025)$2,935

Sale History

2023-04-26$315,000

$200/SF

New construction sale

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