$475,000
$100K PRICE DROP

1116 Falling Stream Sanford, NC 27332

Estimated payment $2,986/month

Total Views 3,355
3 Beds
2.5 Baths
2,323 Sq Ft
$204 Price per Sq Ft

Highlights

  • Popular Property
  • Gated with Attendant
  • Deck
  • Golf Course Community
  • Waterfront
  • Wooded Lot

About This Home

Calling all Mid-Century Modern lovers! This is a diamond in the rough. It needs some work and is priced accordingly but has SUCH potential! Experience the epitome of lakeside living in this architecturally significant home designed by Arthur Cogswell, nestled on the serene shores of Lake Trace in the prestigious Carolina Trace community. The residence features 3 bedrooms and 2.5 bathrooms, providing ample space for comfortable living. You'll love the gourmet kitchen: The kitchen is equipped with granite and Corian countertops, Kraft Maid maple cabinets, and a stylestone peninsula, perfect for culinary enthusiasts. The property boasts a detached garage with an unfinished upstairs space, offering potential for
customization and beautiful lake front pathways.

Listing Agent

Kate Smith

COLDWELL BANKER ADVANTAGE - FAYETTEVILLE License #298091 Listed on: 06/05/2025

COLDWELL BANKER ADVANTAGE - FAYETTEVILLE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,419

Year Built

  • Built in 1975

Lot Details

  • 0.64 Acre Lot
  • Waterfront
  • Cul-De-Sac
  • Street terminates at a dead end
  • Lot Has A Rolling Slope
  • Wooded Lot

HOA Fees

  • $73 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Split Level Home
  • Wood Frame Construction

Interior Spaces

  • 2,323 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Combination Kitchen and Dining Room
  • Water Views
  • Partially Finished Basement

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch
  • Outdoor Storage

Schools

  • East Lee Middle School
  • Lee County High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1116
  • Assessor Parcel Number 9660-94-9036-00

Community Details

Overview

  • South Landing Carolina Trace HOA
  • Carolina Trace Subdivision

Recreation

  • Golf Course Community
  • Community Pool

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,419

Year Built

Built in 1975

Lot Details

0

HOA Fees

$73 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.64
  • Road Surface Type: Paved
  • Inclusions: Refrigerator
  • Ownership: More than a year
  • Subdivision Name: CAROLINA TRACE
  • Directions: Use Google Maps / GPS from your location
  • Architectural Style: Split Level
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Multi/Split
  • New Construction: No
  • Year Built: 1975
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Range, Refrigerator
  • Has Basement: Partially Finished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), Entrance Foyer, Eat-in Kitchen, Granite Counters, Kitchen Island, Kitchen/Dining Combo, Storage, Unfurnished, Vaulted Ceiling(s), Walk-In Closet(s)
  • Living Area: 2323.0

Exterior Features

  • Lot Features: Cul-De-Sac, Dead End, Rolling Slope, Wooded
  • Topography: Rolling
  • View: Water
  • View: Yes
  • Exclusions: None
  • Home Warranty: No
  • Construction Type: Wood Frame
  • Exterior Features: Balcony, Deck, Porch
  • Patio And Porch Features: Balcony, Rear Porch, Covered, Deck, Front Porch, Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level, In Unit
  • Security: Gated with Guard, Gated Community
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Community Pool, Golf, Gated, Waterfront, Pool
  • Association Fee: 875.0
  • Association Fee Frequency: Annually
  • Association Name: South Landing-Carolina Trace HOA
  • Association: Yes

Schools

  • High School: Lee County High
  • Middle Or Junior School: East Lee Middle

Lot Info

  • Parcel #: 9660-94-9036-00

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Lot: 1116

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,419 $429,800 $112,500 $317,300
2023 $3,403 $429,800 $112,500 $317,300
2022 $2,949 $340,500 $121,500 $219,000
2021 $3,045 $340,500 $121,500 $219,000
2020 $3,084 $340,500 $121,500 $219,000
2019 $3,047 $340,500 $121,500 $219,000
2018 $3,778 $417,500 $162,000 $255,500
2017 $3,775 $417,500 $162,000 $255,500
2016 $3,772 $417,500 $162,000 $255,500
2014 $3,410 $417,500 $162,000 $255,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Price Changed $475,000 -9.5% $204 / Sq Ft
07/10/2025 07/10/25 Price Changed $525,000 -8.7% $226 / Sq Ft
06/05/2025 06/05/25 For Sale $575,000 -- $248 / Sq Ft
Source: Longleaf Pine REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $455,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $305,000 New Conventional
Source: Public Records

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See All Homes in Sanford

Source: Longleaf Pine REALTORS®

MLS Number: 744892

Longleaf Pine REALTORS®

APN: 9660-94-9036-00

North Carolina Lee County Sanford 27332

1116 Falling Stream, Sanford, NC

This home is located at 1116 Falling Stream, Sanford, NC 27332 and is currently priced at $475,000, approximately $204 per square foot. This property was built in 1975. 1116 Falling Stream is a home located in Lee County with nearby schools including J. Glenn Edwards Elementary School, East Lee Middle School, and Lee County High School.

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Kate Smith
Listing Agent
Kate Smith
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COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
(984) 266-3525