518 Forest Ln
Description
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...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.
- Listed by Valerie R Johnson • Brokerage DRE #C25062 • Johnson RealtyP: (910)-285-9111 valerie@johnsonrealtync.com
Property Details for 518 Forest Lane
Subdivision Name
Not In Subdivision
WaterfrontNo
Zoningr-10
LISTING UPDATED: 12/05/2025 04:16 PM
Property Details for 518 Forest Lane
| Status | Active |
|---|---|
| MLS # | 100522809 |
| Days on Market | 203 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1989 |
| Lot Size | 0.43 AC / 18,731 SF |
| County | Duplin County |
Location
Listing Courtesy of Johnson Realty
Add your commute
Building Information for 518 Forest Lane
Stories2Year Built1989Building Size-Lot Size0.43 AC / 18,731 SF
Payment Calculator
$2,287 per month
30 year fixed, 6.15% Interest
Principal and Interest
$1,950
Property Taxes
$337
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 518 Forest Lane
Summary
Location and General Information
- Island Or Mainland: Mainland
- In City Limits: Yes
- Secondary Subdivision: N/A
- Cobra Zone: No
- Directions: Take Hwy 117 N in Wallace to Westbrook St ( Jif-A Mart will be on your right). Turn Right . Follow Westbrook Street and come to stop sign. Home will be on the corner to your right.
- Latitude: 35
- Longitude: -78
- Road Frontage Type: City Street, State Road
Taxes and HOA
- Tax Other Assessment Amount Frequency: none
- Association: No
- Parcel Number: 093322
- Tax Book Number: 0
- Tax Legal Description: lots 26 and 27 on map of Subdivision of HF Boney July 1952
- Tax Map Number: 0
- Tax Assessed Value: $364,800
- Tax Year: 2023
School Information
- Elementary School: Wallace
- High School: Wallace-Rose Hill
- High School District: Duplin
- Middle Or Junior School: Wallace
Parking
- Detached Garage Spaces: 0.0
- Attached Garage Spaces: 2.0
- Attached Garage: No
- Carport Spaces: 0.0
- Garage Spaces: 2.0
- Parking Total: 2.0
- Parking Features: Garage Faces Side, Concrete, Off Street
Property
Lot Information
- Building Area Total: 2774.0
- Lot Size Acres: 0.43
- Lot Size Area: 0.43
- Lot Size Square Feet: 18731.0
- Lot Features: Corner Lot
- Lot Size Dimensions: see map in GIS docs
- Lot Size Units: Acres
- Living Area: 2774.0
- Living Area Units: Square Feet
- Structure Type: Wood Frame
Property and Assessments
- Deed Book: 1494
- Deed Page: 765.0
- Floor Plans Count: 0
- New Construction: No
- Possession: Close Of Escrow, At Closing
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Year Built: 1989
- Permitted Use: Public
Utilities
- Sewer Provider: Municipal Sewer, City/Town
- Trash Collection: City Pick-UP, Private Service
- Electric Provider: Duke Progress Energy
- Trash Provider: Contracted via Town of W
- Water Provider: City/Town
- Utilities: Sewer Connected
- Water Source: Public
Interior and Exterior Features
Exterior Features
- Exterior Finish: Brick Veneer
- Accessibility Features: None
- Construction Materials: Brick Veneer
- Fencing: Partial, Back Yard, Wood
- Foundation Details: Crawl Space
- Horse: No
- Patio And Porch Features: Covered, Deck, Porch
- Roof: Architectural Shingle
- Stories: 2
Interior Features
- Bathrooms Total Source: Computed
- Bathrooms Total Decimal: 3.0
- Bathrooms Total Notational: 2.1
- Heating System Fuel Source: Electric, Propane
- Water Heater: Propane
- Dining Room Type: Formal
- Master Bedroom Level: Non Primary Living Area
- Bathrooms Full: 2
- Bathrooms Half: 1
- Bathrooms Total Integer: 3
- Bedrooms Total: 4
- Basement: None
- Cooling: Central Air, Heat Pump
- Cooling: Yes
- Fireplace: No
- Fireplace Features: None
- Flooring: Carpet, Parquet
- Heating: Yes
- Heating: Propane, Heat Pump, Electric, Forced Air
- Interior Features: Entrance Foyer, Bookcases
- Laundry Features: Dryer Hookup, Washer Hookup
- Levels: Two
- Room Type: Dining Room
- Rooms Total: 9
Multi Family
Multi Family Information
- Furnished: Unfurnished
Income & Expenses
- Operating Expense: $.00
Agent
Sale and Listing
- Sold Exclusive: No
Property History for 518 Forest Lane
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 3, 2025 | Listed (Active) NCRMLS #100522809 | — | |
| Dec 1, 2025 | Expired NCRMLS #100522809 | $399,999 | — |
| Sep 14, 2025 | Price Change NCRMLS #100522809 | $409,900 | — |
| Aug 2, 2025 | Listed (Active) NCRMLS #100522809 | $429,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/03/2025 | Listed (Active) NCRMLS #100522809 | — |
| 12/01/2025 | Expired NCRMLS #100522809 | $399,999 |
| 09/14/2025 | Price Change NCRMLS #100522809 | $409,900 |
| 08/02/2025 | Listed (Active) NCRMLS #100522809 | $429,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 518 Forest Lane
Taxable ValueLand$37,800Additions$327,000Total$364,800
Tax Record2025$4,049 ($337 / month)
Home Facts
Beds3Total Finished SqFt2,690 SqFtAbove Grade Finished SqFt2,690 SqFtStories1Lot Size19,552 SqFtStyleSingle Family ResidenceYear Built1989CountyDUPLINAPN09-3322- - -Fireplace TypeHas Fireplace
Schools near 518 Forest Lane
This home is within Duplin County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 13 | |||
| Private - | 1 to 9 |
Rating | School | Distance |
|---|---|---|
Wallace Elementary PublicPK to 8 | ||
Wallace-Rose Hill High Public9 to 12 | ||
Duplin Early College High School Public9 to 13 | ||
Zelophehad's Daughters Christian Academy Private1 to 9 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Johnson Realty
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 12/05/2025 04:16 PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Compass shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 Hive MLS
