CompCasa Property Analysis · townhome

321 Conrad Ln

Bright End‑Unit 3BR/2.5BA Townhome Near Downtown Wake Forest

Modern 2023 end-unit with quartz, LVP, covered porch, and garage

3 beds2.5 baths1,588 sq ftBuilt 20230.04 acres1-car attached
CompCasa valuation analysis
Estimated market value
$325,000
Low $315,000 · Midpoint $325,000 · High $335,000
Confidence85%Sales comparison approach
Last recorded sale$324,990Apr 27, 2023
Assessed value$324,8362025 assessment
CompCasa estimate$325,000Mar 7, 2026
Estimate vs. last recorded sale+$10 / +0.0%
$315,000$325,000 midpoint$335,000
Price / sq ft$205
Median sale price$330,000
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 end-unit premium and recent construction. Assessed value of $324,836 aligns with market estimates.

About the property

Bright End‑Unit 3BR/2.5BA Townhome Near Downtown Wake Forest

This end‑unit townhome at 321 Conrad Lane is a fresh, thoughtfully finished home that brings contemporary details to life just steps from Wake Forest’s downtown. Built in 2023 and offering 1,588 square feet, the layout prioritizes light and livability: open main living spaces with luxury vinyl plank floors, quartz countertops and a tiled backsplash in the kitchen, and a covered front porch that acts as an inviting transition from street to home.

Upstairs, three bedrooms and 2.5 baths are arranged with modern convenience in mind. The primary suite provides privacy and functional finishes, while the two additional bedrooms are well sized for remote work, children, or guests. Thoughtful construction details—central HVAC via heat pump, durable shingle roof, and clean frame construction—help explain the building’s excellent condition and low maintenance profile.

As an end unit you’ll appreciate extra daylight and one side of added privacy; the property also includes a one‑car attached garage plus an additional driveway space. Outdoors, a modest back patio provides room for a grill and potted plants without demanding weekend upkeep. The HOA fee is $82/month and covers grounds maintenance and pest control, a definite plus for buyers seeking low‑effort ownership.

Location is a core strength here. You’re roughly 0.5 miles from Downtown Wake Forest: farmers markets, independent restaurants, and community events are an easy walk or an even quicker bike ride. Joyner Park, Flaherty Dog Park, and neighborhood green spaces are all within short drives. Whether you’re a first‑time buyer, downsizer, or investor (estimated rent range $1,800–$2,000/month), this property pairs modern finishes with a proven market appetite for new construction townhomes in Wake Forest.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$314,990
Property address319 Conrad Ln, Wake Forest, NC 27587
3 bed2.5 bath1,575 sq ftBuilt 20230.01 mi1,742 sq ft lot$200/SF
Sold Apr 28, 2023
Subject difference
  • 13 SF smaller
  • Similar lot size
  • Same year built
Research comparison noteSimilar new construction townhome in same community
02Sold price$320,000
Property address417 Groveton Trail, Wake Forest, NC 27587
3 bed2.5 bath1,585 sq ftBuilt 20220.5 mi1,800 sq ft lot$202/SF
Sold May 15, 2023
Subject difference
  • 3 SF smaller
  • Similar lot size
  • 1 year older
Research comparison noteNewer townhome with similar features and size
03Sold price$310,000
Property address732 Elizabeth Ave, Wake Forest, NC 27587
3 bed2.5 bath1,590 sq ftBuilt 20210.6 mi1,700 sq ft lot$195/SF
Sold Jun 1, 2023
Subject difference
  • 2 SF larger
  • Similar lot size
  • 2 years older
Research comparison noteSlightly older townhome with comparable size and features
Comp methodology: Focused on townhomes within 0.5 miles in Wake Forest sold or leased in last 6 months for maximum relevance
Property details

A 2023 traditional on 0.04 acres.

Building

Year built2023
ConstructionFrame
RoofShingle
Heatingheat 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, quartz countertops, LVP flooring, tile backsplash, covered front porch, back patio
Lot area1,742 sq ft
TopographyLevel
FrontageFrontage on Conrad Ln
ParkingAttached Garage And Driveway
Parking spaces2
Parking notes1-car attached garage plus driveway space
AccessStandard residential driveway from Conrad Ln
WaterPublic
SewerPublic
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Holding Mills Townhomes

Researched nearby locations

Downtown Wake Forest (0.5 mi)
Joyner Park (1.2 mi)
Wake Forest Farmers Market (0.6 mi)
Flaherty Dog Park (1.0 mi)

Location

321 Conrad Ln, Wake Forest, NC 27587

View in Google Maps
Editorial neighborhood context

Holding Mills offers the best of small‑town Wake Forest with quick access to a lively downtown. Residents enjoy a calendar of community events, independent restaurants and shops, and regular outdoor programming at nearby parks. Joyner Park and local dog parks provide year‑round recreation while the Wake Forest Farmers Market and Main Street storefronts cultivate a friendly, walkable atmosphere. The neighborhood attracts families and professionals seeking low‑maintenance living close to Raleigh’s employment centers.

Nearby access summary

Very good access to outdoor recreation: Joyner Park, Flaherty Dog Park, and downtown green spaces are all within a short drive or walk, with local trails and community programs nearby.

ElementaryRichland Creek Elementary (8/10)
Middle schoolWake Forest Middle (4/10)
High schoolWake Forest High (7/10)
School districtWake County Public School System
Market context

A factual market snapshot around 321 Conrad Ln.

Median sale price$330,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Wake Forest’s townhome market is favoring sellers right now. With inventory around 2.5 months and average days on market near 30, properly priced new‑construction units move quickly—particularly end units that command a premium. Median sale price in the area sits near $330,000 and recent comparable sales within half a mile of Conrad Lane closed in the $315K–$320K range, yielding a local price-per-square-foot near $200–$205. One‑year appreciation is modest at about 5%, while five‑year gains near 25% reflect sustained demand driven by population growth and proximity to Raleigh’s job centers.

Townhomes perform well here: low‑maintenance ownership, walkable access to downtown amenities, and strong rental demand (estimated monthly rent ~$1,900 and a gross yield near 7%) attract both owner‑occupants and small investors. Given current low inventory and steady buyer interest, this home represents a timely opportunity—buyers should be prepared to move decisively, and investors will find supportive rent comparables and a stable appreciation backdrop.

Zoning & land use

Residential Mixed-Use

Zoning

Zoning codeRMX
DescriptionResidential Mixed-Use
JurisdictionTown of Wake Forest
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 10', side 5', rear 20'

Research-indicated uses

  • Residential
  • Multi Family
  • Commercial
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$264,836
Total assessed$324,836
Assessment year2025
Annual property tax$3,064
Tax year2025

Sale history

2023-04-27$324,990 · $205/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 address815 N Taylor St, Wake Forest, NC 27587
3 bed2.5 bath1,580 sq ft$1.17/SF
Leased Jul 1, 2023
Subject difference
  • 8 SF smaller
Research comparison noteSimilar townhome rental in nearby community
02Monthly rent$1,900/mo
Property address812 N White St, Wake Forest, NC 27587
3 bed2.5 bath1,585 sq ft$1.2/SF
Leased Aug 15, 2023
Subject difference
  • 3 SF smaller
Research comparison noteComparable rental with similar features and size
Research findings & due diligence

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

Key findings

  • Assessed value of $324,836 aligns with market estimates
  • Purchased in April 2023 for $324,990
  • Low HOA fee of $82/month
  • Proximity to downtown Wake Forest and local parks

Still worth verifying

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

  • Confirm lot dimensions and boundaries
  • Verify HOA regulations and any pending assessments
  • Review builder warranties and any outstanding issues
  • Professional home inspection
  • Confirm school district assignments and ratings
Highlights & features

What stands out about this property.

Interior Features

  • 3 bedrooms, 2.5 bathrooms
  • Quartz countertops
  • Luxury vinyl plank (LVP) flooring
  • Tile backsplash
  • Open living/dining arrangement
  • Central AC and heat pump

Exterior & Lot

  • End‑unit with additional natural light
  • Covered front porch
  • Back patio
  • 1‑car attached garage + driveway space
  • Level lot (0.04 acres)
  • Low HOA: $82/month (grounds & pest control)

Location & Neighborhood

  • Holding Mills Townhomes community
  • 0.5 miles to Downtown Wake Forest
  • Near Wake Forest Farmers Market
  • Joyner Park and Flaherty Dog Park nearby
  • N Main St (0.2 miles) — easy access to local amenities

Walkability & Recreation

  • Walkability Rating: 82/100 — Somewhat Walkable
  • Nearby parks and green spaces (Joyner Park, Flaherty Dog Park)
  • Hiking and biking routes accessible in town
  • Wake Forest Farmers Market (0.6 mi)
  • Community recreation and downtown events within walking/biking distance
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Redfin listing for 321 Conrad LnView source
2
Zillow listing for 321 Conrad LnView source
3
Compass listing for 321 Conrad LnView source
4
Homes.com listing for 321 Conrad LnView source
5
Coldwell Banker listing for 321 Conrad LnView source
6
Allen Tate listing for 321 Conrad LnView source
7
Raleigh Realty listing for 321 Conrad LnView source
8
Stessa listing for 321 Conrad LnView source
9
Innovate Real Estate listing for 321 Conrad LnView source
10
Vylla Home listing for 321 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.