501 Otway Rd, Wake Forest, NC 27587 Property Records

Wake County property record for 501 Otway Rd, Wake Forest, NC 27587

Property Summary

Property Type	Single Family Home
Details	3 ba · 2,227 sqft · built 2010
Lot Size	0.23 acres (10,019 sqft)
Owner	Individual Name on File
Last Sale	$425,000 (Oct 2020)
Tax Bill	$4,692 (2025)
Deeds & Mortgages	Oct 2020 Sale & Mortgage Dec 2018 Construction Loan + 1 more
Flood Zone	Zone X (minimal risk)
APN	`1840.12-75-5375 0366818`

Property Details

APN / Parcel Number

Primary APN	`1840.12-75-5375 0366818`
Alternative APN	`0366818`

Interior

Full Baths	3 Baths
Stories	1 Story
Building Area	2,227 sqft Heated Area
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2010
Architectural Style	Conventional
Exterior Material	Wood
Construction Type	Frame
Foundation Type	Raised
Lot Area	10,019 sqft (0.23 acres)
Garage Area	517 sqft

Exterior Amenities

Pool Area	128 sqft
Porch	Porch
Porch Area	255 sqft
Deck Area	200 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Account Number	0366818
Street Address	501 OTWAY RD
City	WAKE FOREST
State	NC
Zip	27587-8363
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	GR5
Legal Description	LO2369 HERITAGE NORTH AT HERITAGE WAKE FOREST PH2 SE4 BM2008-00107
Legal Township	19
Legal Subdivision	HERITAGE NORTH AT HERITAGE WAK
Legal Phase	2
Legal Lot Number	2369
Jurisdiction	WAKE NC
Township / Civil Division	WAKE FOREST
Census Block Group	1
Census Block	1014
Census Tract	54219

Owner

501 Otway Rd is owned and occupied by an individual who bought it in October 2020.

Source: Wake County records, as of October 27, 2025

Owner of Record	Individual Name on File
Co-owner	Co-owner on File
Mailing Address	501 OTWAY RD, WAKE FOREST, NC 27587-8363
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Oct 29, 2020	Warranty Deed, Transfer · VA Mortgage ANGEL OAK HOME LOANS LLC
Dec 21, 2018	Trustee's Deed, Construction Loan · Construction Mortgage JAMES L & JEAN D HEDGES
Feb 2, 2017	Deed of Trust, Mortgage · Conventional with PMI STATE EMPS FCU

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Oct 29, 2020 · Amount on File
Deed Sale	Oct 29, 2020 · Amount on File
Prior Sale	Aug 31, 2018 · Amount on File
Deed Document Number	0018158858
Deed Book / Page	18158 / 858
Record Updated	Jun 8, 2026

October 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	WAKE NC
Recording Date	Oct 29, 2020
Property Address	501 OTWAY RD, WAKE FOREST, NC 27587-8363
Document Number	181580858
Book / Page	18158 / 858
Map Reference	MB 2008 PG 107
Instrument Date	Oct 29, 2020
Transaction Type	Transfer
Record Updated	Aug 27, 2021

Transaction

Amount	Amount on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$850.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	417 HAMMOND OAK LN, 417, WAKE FOREST, NC 27587-4561

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	510 OTWAY RD, WAKE FOREST, NC 27587-8364

Mortgage

Document Number	18158860
Date	Oct 29, 2020
Instrument	18158/860

Lender

Name	ANGEL OAK HOME LOANS LLC
Type	Mortgage Company

Agreement

Type	VA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Nov 1, 2050

December 2018: Trustee's Deed, Construction Loan

Document Type	Trustee's Deed
Jurisdiction	WAKE NC
Recording Date	Dec 21, 2018
Property Address	501 OTWAY RD, WAKE FOREST, NC 27587-8363
Book / Page	017324 / 002654
Instrument Date	Dec 21, 2018
Transaction Type	Construction Loan
Record Updated	Jan 4, 2019
Title Company	ATTORNEY ONLY

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	501 OTWAY RD WAKE FOREST NC 275878363, WAKE FOREST, NC 27587-8363

Mortgage

Document Number	173242654
Date	Dec 21, 2018
Book Page	017324/002654

Lender

Name	JAMES L & JEAN D HEDGES
Address	135 BROAD ST, ASHEVILLE, NC 28801-1985

Agreement

Type	Construction Mortgage
Amount	Amount on Record
Term	12 Months
Due	Dec 20, 2019

February 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WAKE NC
Property Address	501 OTWAY RD, WAKE FOREST, NC 27587-8363
Document Number	166880529
Book / Page	016688 / 000529
Instrument Date	Feb 2, 2017
Transaction Type	Mortgage
Record Updated	Feb 13, 2017
Title Company	ACCURATE TITLE GROUP, ACCURATE TITLE GRP

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	501 OTWAY RD WAKE FOREST NC 275878363, WAKE FOREST, NC 27587-8363

Mortgage

Document Number	166880529
Date	Feb 7, 2017
Book Page	016688/000529

Lender

Name	STATE EMPS FCU
Type	Credit Union
Address	RALEIGH, NC 27611-5279

Agreement

Type	Conventional with PMI
Amount	Amount on Record
Term	360 Months
Due	Feb 6, 2047

Interest

Rate Type	Adjustable Rate
Rate	3.75%

Tax Assessment & Valuation

The 2025 property tax bill for 501 Otway Rd was $4,692.

Source: Wake County assessment roll, as of January 1, 2025

Property Jurisdictions

Type	Name
State	North Carolina
County	Wake County
Municipality	Wake Forest Town
Unified School District	Wake County Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$4,692.00	$530,714 Land $130,000 Building $400,714
2024			$530,714 (+45.02%) Land $130,000 Building $400,714
2023	$3,749.00	$365,957 Land $65,000 Building $300,957	$365,957 Land $65,000 Building $300,957

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 501 Otway Rd in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective September 7, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 501 Otway Rd is low, with a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 76% of North Carolina
Wildfire Likelihood	0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 186 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Ting Fiber	2,000 / 2,000
Spectrum Cable · Fiber in parts of the area	1,000 / 35
Verizon Fixed Wireless	300 / 20

Cell Coverage

5G (outdoors only) and 4G LTE

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