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8536 Lake Wheeler Rd, Raleigh, NC, 27603

$475,000

Home List Price

$5,641*

Closing Credit

2 Bedrooms
0 Baths
2,049 SqFt
$232/SqFt
House
Schools Nearby

Location

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8536 Lake Wheeler Rd, Raleigh$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1835
FireplaceBedroom, Family Room, Living Room
MLS #10018338
Lot Size0.42 Acres
StatusActive

About 8536 Lake Wheeler Rd

Unique opportunity to own a 200-year-old house in Southern Wake County between Raleigh and Fuquay-Varina near the 540 extension on nearly half an acre! Known locally as the John B. and Nancy Strain House, the stately transitional Federal-Greek Revival I-house was built circa 1835 and features both Federal proportions and Greek Revival detailing. Wide heart pine floors throughout. 5 fireplaces with restored fireboxes. Original patterned tin roof with new replacement standing seam porch roofs. Original 6/6 sash windows have all been restored to operating condition, and many feature original panes of wavy glass. Original hand-hewn beams left exposed on the second floor to display the impressive construction techniques from centuries ago. The lofty Federal-era proportions combine with Greek Revival-style architectural motifs like two-panel doors, wide corner boards, and boxed eaves. The north room on the first floor features some of the most impressive Greek Revival detailing in all of Wake County! The interior space includes a center-hall plan, a transverse back stair hall, and a substantial two-room rear ell under a hipped roof. The house was moved back on its lot in 2021 to maintain its historic relationship to the road, and a new foundation was installed. The John B. and Nancy Strain House has been restored to its c. 1835 form by Capital Area Preservation, Inc. (CAP). Determined eligible for the National Register of Historic Places and designated as a Fuquay-Varina Historic Landmark, the property qualifies for a 50% property tax deferral. Rehabilitation tax credits available for restoration work if listed on the National Register of Historic Places. Property subject to preservation covenants held by Capital Area Preservation, Inc.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1835
  • Living Area: 2,049 SqFt

Listing Office:

  • Office Name: Carolina's Choice Real Estate
  • Office Phone: (919) 788-9525
  • Listing Agent: David L Wilson, Shelley Allen

Interior Features

Interior Information:

  • Flooring Type: Hardwood
  • Interior: High Ceilings, Natural Woodwork
  • Fireplace: Bedroom, Family Room, Living Room

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Porch

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Trees, Landscaped
  • Lot Size: 0.42 Acres

School Info

Assigned Schools Information:

  • Middle Creek High School, Public District Grades 9-12
  • Wake Early College of Health and Science, Public District Grades 9-12
  • West Lake Middle School, Public District Grades 6-8
  • Banks Rd Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From Raleigh 401 south right on TenTen Rd left on lake wheeler

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $232/SqFt

Tax Information:

  • Annual Amount: $20
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Raleigh, NC.

Med. Sold Price

$425K

Med. Price/SqFt

$229

Avg. Days On Market

78

# of Sold Homes

507

8536 Lake Wheeler Rd vs Raleigh

40 DAYS ON ROCKET

-38 Days

$475,000

+$49.9K More

$232/SqFt

+$3 More

KEY TAKEAWAY

This property is $49.9K more than the Median Sold Price and $3/SqFt more than other homes in Raleigh, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10018338

Listing Office:

  • Office Name: Carolina's Choice Real Estate
  • Office Phone: (919) 788-9525
  • Listing Agent: David L Wilson, Shelley Allen

IDX Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 12:50:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$20$77,373
2020$5,490$549,813
2019$3,713$339,821
2018$245$339,821

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4063370
3
/10
  • Banks Rd Elementary School

  • 10225 Chambers Rd

  • 2.31 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4063371
3
/10
  • West Lake Middle School

  • 4600 W Lake Rd

  • 2.50 miles

  • Public District Grades 6-8

High School

school-card-donut-4063372
7
/10
  • Middle Creek High School

  • 123 Middle Creek Park Ave

  • 2.48 miles

  • Public District Grades 9-12

school-card-donut-4063373
10
/10
  • Wake Early College of Health and Science

  • 2901 Holston Ln

  • 11.12 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,887. The majority of Raleigh, NC residents have income between $35k-100k annually. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8536 Lake Wheeler Rd

What is the listing price of this property?

The listing price of 8536 Lake Wheeler Rd property is $475,000.

What type of property is this?

The property 8536 Lake Wheeler Rd is a house located in Raleigh, North Carolina, 27603.

Is this property for sale now?

Active Listing: 8536 Lake Wheeler Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8536 Lake Wheeler Rd are:
Banks Rd Elementary School: GreatSchools Rating 3/10
West Lake Middle School: GreatSchools Rating 3/10
Middle Creek High School: GreatSchools Rating 7/10
Wake Early College of Health and Science: GreatSchools Rating 10/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $20 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8536 Lake Wheeler Rd has 2 bedrooms.

What is the square footage of this property?

The property 8536 Lake Wheeler Rd is 2,049 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8536 Lake Wheeler Rd is 1835.

Rocket Homes›North Carolina›Wake County›Raleigh›27603›8536 Lake Wheeler Rd

This home is located at 8536 Lake Wheeler Rd in Raleigh, NC and zip code 27603. This 2,049 square foot home, which was built in 1835, sits on a 0.42 acre lot. Features: 2 bedrooms. It has been listed on Rocket Homes since March 21, 2024 and is currently priced at $475,000.

Raleigh, NC housing market in March 2024 saw over 149 listings sold above listed price, more than 130 sold at listed price and over 228 sold below. In March 2024 in Raleigh, NC there were 4.6% more homes for sale than in February 2024. In March 2024 median list price was $425,075 and the average listing age was 78 days.

From Rocket Homes Real Estate and based on county public records data.

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