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Homes/North Carolina/Wake Forest/317 Conrad Ln
CompCasa Property Analysis · townhome

317 Conrad Ln

Contemporary 3-Bed Townhome with Low-Maintenance Yard

Built in 2023 — modern finishes steps from downtown Wake Forest

3 beds2.5 baths1,573 sq ftBuilt 20230.04 acres1-car attached
Wake ForestNorth CarolinaWake County3 Bedroom2.5 BathroomTownhomeNew ConstructionLow-Maintenance1-Car Garage$200K-$400KModernHolding Mills TownhomesNear Downtown
CompCasa valuation analysis
Estimated market value
$330,000
Low $320,000 · Midpoint $330,000 · High $340,000
Confidence85%Sales comparison approach
Last recorded sale$315,000Apr 26, 2023
Assessed value$315,0002025 assessment
CompCasa estimate$330,000Mar 7, 2026
Estimate vs. last recorded sale+$15,000 / +4.8%
$320,000$330,000 midpoint$340,000
Price / sq ft$210
Median sale price$325,000
Avg days on market30 days
Inventory2.5 months

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.

About the property

Contemporary 3-Bed Townhome with Low-Maintenance Yard

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$314,900
Property address315 Conrad Ln, Wake Forest, NC 27587
3 bed2.5 bath1,573 sq ftBuilt 20230.01 mi1,742 sq ft lot$200/SF
Sold Apr 26, 2023
Subject difference
  • Same living area
  • Similar lot size
  • Same year built
Research comparison noteIdentical floor plan and features, sold recently
02Sold price$324,990
Property address321 Conrad Ln, Wake Forest, NC 27587
3 bed2.5 bath1,588 sq ftBuilt 20230.02 mi1,742 sq ft lot$205/SF
Sold Apr 27, 2023
Subject difference
  • 15 SF larger
  • Similar lot size
  • Same year built
Research comparison noteSlightly larger unit with similar features
03Sold price$325,000
Property address306 Conrad Ln, Wake Forest, NC 27587
3 bed2.5 bath1,571 sq ftBuilt 20220.02 mi2,178 sq ft lot$207/SF
Sold Oct 28, 2022
Subject difference
  • 2 SF smaller
  • 436 SF larger lot
  • 1 year older
Research comparison noteSimilar size and features, slightly larger lot
Comp methodology: Focused on townhomes within the same development sold or rented in the past 6 months for maximum relevance
Property details

A 2023 traditional on 0.04 acres.

Building

Year built2023
ConstructionFiber Cement And Stone
RoofShingle
Heatingelectric heat pump
Coolingcentral AC

Site & utilities

Lot size0.04 acres
Garage1-car attached
Stories2
ConditionExcellent
BasementNone
FireplaceNo
Improvement notes3 bedrooms, 2.5 bathrooms, open floor plan, granite countertops, LVP flooring, modern appliances
Lot area1,742 sq ft
TopographyLevel
FrontageStandard frontage on Conrad Ln
ParkingAttached Garage And Driveway
Parking spaces2
Parking notes1-car attached garage plus driveway for 1 vehicle
AccessStandard residential driveway from Conrad Ln
WaterPublic
SewerPublic
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Holding Mills Townhomes

Researched nearby locations

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

Location

317 Conrad Ln, Wake Forest, NC 27587

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryRichland Creek Elementary (7/10)
Middle schoolWake Forest Middle (3/10)
High schoolWake Forest High (8/10)
School districtWake County Public School System
Market context

A factual market snapshot around 317 Conrad Ln.

Median sale price$325,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

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.

Zoning & land use

Residential Mixed-Use

Zoning

Zoning codeRMX
DescriptionResidential Mixed-Use
JurisdictionTown of Wake Forest
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 20', side 5', rear 15'

Research-indicated uses

  • Residential
  • Home Occupation
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$60,000
Assessed improvements$255,000
Total assessed$315,000
Assessment year2025
Annual property tax$2,935
Tax year2025

Sale history

2023-04-26$315,000 · $200/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$1,850/mo
Property address320 Conrad Ln, Wake Forest, NC 27587
3 bed2.5 bath1,573 sq ft$1.18/SF
Leased Jun 1, 2025
Subject difference
  • Same living area
Research comparison noteSimilar unit rented recently
02Monthly rent$1,800/mo
Property address319 Conrad Ln, Wake Forest, NC 27587
3 bed2.5 bath1,573 sq ft$1.14/SF
Leased May 15, 2025
Subject difference
  • Same living area
Research comparison noteComparable unit with similar features
Research findings & due diligence

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

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

Still worth verifying

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

  • Confirm lot dimensions and boundaries
  • Verify HOA fees and services included
  • Review any existing warranties on appliances and systems
  • Professional home inspection
  • Confirm school district assignments
Highlights & features

What stands out about this property.

6 highlights
01Move-in ready — built in 2023
021,573 SF with 3 bedrooms and 2.5 baths
03Granite countertops and luxury vinyl plank flooring
041-car attached garage + driveway
05Low-maintenance lot and HOA services
06Estimated rental income ~$1,800/month

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
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Zillow property listing for 317 Conrad LnView source
2
Raleigh Realty listing for 317 Conrad LnView source
3
Redfin listing for 321 Conrad LnView source
4
Compass listing for 315 Conrad LnView source
5
Compass listing for 306 Conrad LnView 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.
CompCasa · Property intelligence built around the address.