501 Pearce Ave, Wake Forest, NC 27587 Property Records

Wake County property record for 501 Pearce Ave, Wake Forest, NC 27587

Property Summary

Property Type	Duplex
Details	2.5 ba · 2,672 sqft · built 2002
Lot Size	0.42 acres (18,295 sqft)
Owner	Company Name on File
Last Sale	$854 (May 2022)
Tax Bill	$2,097 (2025)
Deeds & Mortgages	May 2022 Sale Dec 2021 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`1841.19-61-5448-000`

Property Details

APN / Parcel Number

Primary APN	`1841.19-61-5448-000`
Alternative APNs	`1841.19-61-5448 0270810` `1841615448` `027081001` `0270810`

Interior

Full Baths	2.5 Baths
Half Baths	1 Half Bath
Units	2 Units
Stories	2 Stories
Building Area	2,672 sqft Living Area
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2002
Effective Year Built	Effective 2002
Architectural Style	Duplex Single
Exterior Material	Aluminum/Vinyl
Foundation Type	No Foundation
Roof Type	Gable
Lot Area	18,295 sqft (0.42 acres)
Porch	Open Porch
Porch Area	204 sqft
Deck Area	100 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C
Heating Fuel	Wood
Sewer	Municipal

Location & Zoning

Account Number	0270810
Street Address	501 PEARCE AVE
City	WAKE FOREST
State	NC
Zip	27587-5120
Property Category	Residential
Property Type	Residential > Multi-Unit > Duplex
Local Zoning Code	UR
Legal Description	RCMB JOHN M RICH TR3 BM1999-02232
Legal Tract	3
Jurisdiction	WAKE NC
Township / Civil Division	WAKE FOREST
Census Block Group	2
Census Block	2007
Census Tract	54224

Owner

501 Pearce Ave, a duplex, is owned by a company that bought it in May 2022.

Source: Wake County records, as of September 9, 2025

Owner of Record	Company Name on File
Mailing Address	4801 DRAYCROFT PL, FUQUAY VARINA, NC 27526-8678
Owner Type	Company
Vesting	Company

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
May 9, 2022	Warranty Deed, Transfer
Dec 13, 2021	Warranty Deed, Transfer · Commercial Mortgage LIMA ONE CAPITAL LLC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 9, 2022 · Amount on File
Deed Sale	May 9, 2022 · Amount on File
Prior Sale	Dec 13, 2021 · Amount on File
Deed Book / Page	19019 / 1594
Prior Transfer Date	Dec 29, 2014
Prior Transfer Doc	1588400592
Record Updated	Jun 8, 2026

May 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	WAKE NC
Recording Date	May 9, 2022
Property Address	501 PEARCE AVE, WAKE FOREST, NC 27587-5120
Document Number	19019/1594
Book / Page	19019 / 1594
Map Reference	MB 1999 PG 2232
Instrument Date	May 9, 2022
Transaction Type	Transfer
Record Updated	May 17, 2022

Transaction

Amount	Amount on Record
Tax	$854.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	166 BONICA CREEK DR, 166, GARNER, NC 27529-5097

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	4801 DRAYCROFT PL, FUQUAY VARINA, NC 27526-8678

December 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	WAKE NC
Recording Date	Dec 13, 2021
Property Address	501 PEARCE AVE, WAKE FOREST, NC 27587-5120
Document Number	018840/402
Book / Page	18840 / 402
Map Reference	MB 1999 PG 2232
Instrument Date	Dec 13, 2021
Transaction Type	Transfer
Record Updated	Dec 24, 2021

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$650.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1084 W OAKLAND AVE, 1084, JOHNSON CITY, TN 37604-2551

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	501 THISTLEGATE TRL, RALEIGH, NC 27610-2154
Investor	Possibly a Property Investor

Mortgage

Document Number	0018840404
Date	Dec 13, 2021
Instrument	18840/404

Lender

Name	LIMA ONE CAPITAL LLC
Type	Mortgage Company

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	14 Months
Due	Feb 1, 2023

Tax Assessment & Valuation

The 2025 property tax bill for 501 Pearce Ave was $2,097.

Source: Wake County assessment roll, as of September 9, 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	$2,097.00	$420,119 Land $67,500 Building $352,619	$420,119 Land $67,500 Building $352,619
2023	$3,081.00	$261,727 Land $31,500 Building $230,227	$261,727 Land $31,500 Building $230,227

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

Flood

FEMA maps place 501 Pearce Ave in Zone X, an area of minimal flood risk.

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
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 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 Pearce Ave 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	Direct burnable vegetation

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 205 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 / 1,000
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: Brightspeed.

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