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Single Family ResidenceResidential
$532,895$190 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026
Last sold for $317,000 on Mar 16, 2017

1516 PENSTOCK LN

WAKE FOREST, NC 27587
3
Baths
2,812 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.17 ac
Lot SizeThe size of the land the home sits on, from county records.
2017
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$533K
$486K low$579K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$317,000 · Mar 16, 2017

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,899 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$507,695 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$100,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$407,695
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$507,695
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$507,695

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.12
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
16
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Conventional
CountyWake
Lot (acres)The size of the land the home sits on, from county records.0.17
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 210 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Wake Forest Middle SchoolC
Middle · Grades 6–8 · 0.7 mi
E
Forest Pines Drive Elementary SchoolC+
Elementary · Grades PK–5 · 1.2 mi
H
Wake Forest High SchoolB+
High · Grades 9–12 · 1.6 mi

District: Wake County Public Schools

Neighborhood · ZIP 27587These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.64
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.77
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.39

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.35%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.6%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.91,264
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.814 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$123,637
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$143,750
Average tempThe average temperature here across a full year.60°F
Annual precipHow much rain and melted snow falls here in a typical year.47 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

Owner Tools

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1516 Penstock Ln measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Costs less per square foot than 77% of homes in Wake County
  • Bigger than 75% of homes in Wake County
  • Has a smaller lot than 79% of homes in Wake Forest 27587
  • Newer than 81% of homes in Wake County

What homes are worth in Wake Forest 27587

Each bar is how many homes fall in that price range. The marker is this home.

This home
$229K$1.4M

This home is worth more than 53% of homes in Wake Forest 27587.

How it measures up in Wake Forest 27587

The dot is this home. The mark in the middle is the typical home in Wake Forest 27587.

Estimated value$532,895
CheaperTypical $517,954Pricier

Pricier than 53% of homes nearby

Price per ft²$190
CheaperTypical $212Pricier

Pricier than 29% of homes nearby

Living area2,812 ft²
SmallerTypical 2,473 ft²Bigger

Bigger than 62% of homes nearby

Lot size0.17 ac
SmallerTypical 0.31 acBigger

Bigger than 21% of homes nearby

Year built2017
OlderTypical 2007Newer

Newer than 73% of homes nearby

How 1516 Penstock Ln ranks against every home in each area.
MeasureThis homeWake Forest 27587Wake County
Estimated valuepricier than$532,89553% of homes60% of homes
Price per ft²pricier than$19029% of homes23% of homes
Living areabigger than2,812 ft²62% of homes75% of homes
Lot sizebigger than0.17 ac21% of homes32% of homes
Year builtnewer than201773% of homes81% of homes

About 1516 Penstock Ln

How much is 1516 Penstock Ln, Wake Forest, NC worth?

The TopHap Estimate for 1516 Penstock Ln, Wake Forest, NC is $532,895 as of Oct 21, 2026. The likely range is $486,305 to $579,485. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1516 Penstock Ln, Wake Forest, NC last sell?

1516 Penstock Ln, Wake Forest, NC last sold on Mar 16, 2017 for $317,000, according to the county's recorded deed.

How big is 1516 Penstock Ln, Wake Forest, NC?

1516 Penstock Ln, Wake Forest, NC has 3 bathrooms, 2,812 square feet of living space and a 0.17-acre lot.

When was 1516 Penstock Ln, Wake Forest, NC built?

1516 Penstock Ln, Wake Forest, NC was built in 2017, making it 9 years old. It is a conventional home. The building has 2 stories.

What schools serve 1516 Penstock Ln, Wake Forest, NC?

1516 Penstock Ln, Wake Forest, NC is assigned to Wake Forest Middle School (middle), rated C; Forest Pines Drive Elementary School (elementary), rated C+; Wake Forest High School (high), rated B+. All sit in Wake County Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1516 Penstock Ln, Wake Forest, NC compare to other homes in Wake Forest 27587?

Among the 30,947 homes in Wake Forest 27587, it is worth more than 53% of them ($532,895 against a typical $517,954), its price per square foot is higher than 29% of them ($190 against a typical $212), it is bigger than 62% of them (2,812 ft² against a typical 2,473 ft²), its lot is bigger than 21% of them (0.17 ac against a typical 0.31 ac) and it is newer than 73% of them (2017 against a typical 2007). Measured against all of Wake County, it is worth more than 60% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1516 Penstock Ln, Wake Forest, NC?

The 2025 property tax bill for 1516 Penstock Ln, Wake Forest, NC was $4,899. The county assessed it at $507,695.

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