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518 Forest Lane, Wallace, NC, 28466

4beds
3baths
2,774sqft
$374,900
$135price/sqft
$2,864/moest. monthly cost
$114,560/yrincome needed

About This Home

This stately brick veneer home sits on a corner lot in the town of Wallace, NC. Step inside the inviting foyer and you will see yourself living here for years to come. To your right, the formal living room is perfect for entertaining lots of family and neighbors this holiday season. The living room flows to a formal DR which flows into the kitchen creating that wonderful traffic circle for easy flow of people while entertaining guests. Should you need a home office, the dining room is easily suitable for that purpose as an alternative use. The custom U shaped kitchen features stunning ceiling height cabinetry, rare parquet flooring, and a built in work station. A large den features built in bookshelves, wood paneling and parquet flooring as well. The main living level includes a half bath and a large laundry room. Upstairs three generous sized bedrooms share a hall bath. A fourth bedroom serves as the master suite complete with ensuite bath and tons of closet space. A versatile bonus room being approx 14x32 is not presently heated or cooled, could be used as a fifth bedroom, playroom, or gym with the replacement of the wall mounted mini split unit. This would offer even more living space or great storage. A two car garage offers storage and parking outside while a partially fenced in yard is perfect for pets. A detached storage building needs your TLC, but offers great space for a man cave, or she shed. Located in walking distance to the football stadium, restaurants, and shopping areas you will enjoy all Wallace has to offer. Duplin Co. Tax reevaluation occurred in 2025. Please contact tax office for 2025 tax values and rates /costs. This home will be an as is sale. Owners will consider concessions in lieu or repairs.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

3/10
Wallace ElementaryGrades PK-80.8 mi
4/10
Wallace-Rose Hill HighGrades 9-122.1 mi

Construction

Condition

  • Year built: 1989

Materials

  • Foundation: Crawl Space
  • Roof: Architectural Shingle
  • Construction materials: Brick Veneer,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Dryer Hookup,Washer Hookup

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Entrance Foyer,Bookcases
  • Flooring: Carpet,Parquet

Heating & Cooling

  • Heating features: Propane,Heat Pump,Electric,Forced Air
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total structure area: 2,774
  • Total interior livable area: 2,774 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 093322
  • Zoning: r-10
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Deck,Porch
  • Fencing: Partial,Back Yard,Wood
  • Has view: Yes
  • View description: See Remarks
  • Frontage type: See Remarks
  • Living area range: 2600 - 2799

Lot

  • Lot size: 0.43 Acres
  • Features: Corner Lot
  • Lot size dimensions: see map in GIS docs

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Side,Concrete,Off Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Hurricane
Winter Weather
Lightning
Tornado
Heat Wave
Inland Flooding
Ice Storm
Strong Wind

FEMA Declared Disasters in Duplin County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,895$22,740
Home Insurance *$249$2,988
Property Taxes $462$5,544
Electricity $258$3,100
Total$2,864$34,368
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$98,194/yr
40% on housing$85,920/yr
45% on housing$76,373/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$135This listing

vs Other Active Listings

Avg $/sqft

ZIP 28466$170
Duplin County$151

vs Homes Sold Last Month

Median $/sqft

ZIP 28466
Duplin County$160

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-12Price change$374,900
2025-10-06Price change$399,999
2025-09-14Price change$409,900
2025-08-02Listed for sale$429,900
2004-11-09Sold$237,000

For Sale by Agent

AgentValerie R Johnson
BrokerageJohnson Realty

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