NOT LISTED FOR SALE

1201 Explorer Trail Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $1,821,000 - $1,967,740

4 Beds
6 Baths
4,229 Sq Ft
$442/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $1,716,085 $406 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $10,875/month

144 Days on Market

Highlights

  • Home Theater
  • New Construction
  • 2.34 Acre Lot
  • Pleasant Union Elementary School Rated A
  • Gated Community
  • Deck

About This Home

As of October 2023

Custom built home by Gray Line Builder. Great ranch plan with a basement on over 2 ac backing up to Falls Lake. The foundation is in so come now to make all your own selections. Design the interior with any style you like. Home is designed to accommodate a pool and builder is willing to build for additional cost.

Last Agent to Sell the Property

Russell Ammons

Coldwell Banker HPW New Homes License #162417 Listed on: 10/28/2022

Last Buyer's Agent

Louise Doing

Coldwell Banker Advantage License #205466

Coldwell Banker Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,975

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 2.34 Acre Lot
  • Lot Dimensions are 90x260x673x201
  • Cul-De-Sac
  • Northwest Facing Home
  • Irrigation Equipment
  • Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Parking Pad
  • Side Facing Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Modernist Architecture
  • Brick Exterior Construction
  • Concrete Foundation

Interior Spaces

  • Wet Bar
  • Bookcases
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Dining Room
  • Home Theater
  • Home Office
  • Recreation Room with Fireplace
  • Bonus Room
  • Screened Porch
  • Storage
  • Utility Room
  • Home Gym
  • Scuttle Attic Hole

Kitchen

  • Eat-In Kitchen
  • Built-In Self-Cleaning Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Dressing Area
  • In-Law or Guest Suite
  • Double Vanity
  • Low Flow Plumbing Fixtures
  • Separate Shower in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Exterior Basement Entry
  • Natural lighting in basement

Home Security

  • Prewired Security
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Washer and Dryer

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat

Outdoor Features

  • Deck
  • Outdoor Fireplace
  • Exterior Lighting
  • Rain Gutters

Schools

  • Pleasant Union Elementary School
  • Wakefield Middle School
  • Wakefield High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Association fees include road maintenance, storm water maintenance
  • Built by Gray Line Builders
  • Creedmoor Manor Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,975

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$83 per month

Parking

3

Listing Details

  • Builder Name: Gray Line Builders
  • Year Built: 2023
  • Prop. Type: Residential
  • Reso Association Fee Includes: Road Maintenance, Storm Water Maintenance
  • Subdivision Name: Creedmoor Manor
  • Above Grade Finished Sq Ft: 2834.0
  • Architectural Style: Contemporary, Modern, Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: Yes
  • Efficiency: Lighting, Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Below Grade Unfinished Area: 1485.0
  • General Property Information Total Unfinished Area2: 1485.0
  • General Property Information Lot Size Dimensions: 90x260x673x201
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Architectural Style Ranch: Yes
  • Flooring Tile: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Contract Information Estimated Completion Date: 2023-12-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Lot Features Hardwood Trees: Yes
  • Property Condition Framed: No
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: B
  • Room Types Bedroom 4 Level: B
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Attic Features Scuttle: Yes
  • In-Law Suite Details Main Foor: Yes
  • Security Features Prewired: Yes
  • Architectural Style Contemporary: Yes
  • Green Water Conservation Low-Flow Fixtures: Yes
  • Room Types Recreation Room3: Yes
  • In-Law Suite Details Separate Entry: Yes
  • Interior Features Dressing Room: Yes
  • Architectural Style Modernist: Yes
  • Water Source Community Water: Yes
  • Other Equipment Irrigation Equipment: Yes
  • Room Types Mud Room: Yes
  • Room Types Media Room: Yes
  • Room Types Exercise Room: Yes
  • General Property Information Above Grade Finished Area: 2834.0
  • General Property Information Below Grade Finished Area: 1395.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 101930.4
  • General Property Information Lot Size Acres: 2.34
  • General Property Information Builder Name: Gray Line Builders
  • General Property Information Direction Faces: Northwest
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bookcases, Ceiling Fan(s), Double Vanity, Dressing Room, Eat-in Kitchen, Entrance Foyer, High Ceilings, High Speed Internet, In-Law Floorplan, Pantry, Quartz Counters, Separate Shower, Smooth Ceilings, Soaking Tub, Storage, Walk-In Closet(s), Walk-In Shower, Wet Bar
  • Basement: Concrete, Daylight, Exterior Entry, Finished, Partially Finished
  • Appliances: Double Oven, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Wall Oven
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1395.0
  • Fireplace Features: Family Room, Gas Log, Outside, Recreation Room, Sealed Combustion
  • Fireplaces: 3
  • Total Bedrooms: 14
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Outside: Yes
  • Fireplace Features:Sealed Combustion: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Quartz Counters: Yes
  • Interior Features:Storage3: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Basement:Daylight: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Partially Finished: Yes
  • Interior Features:Bookcases: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Double Oven: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement Finished: Yes
  • Interior Features:In-Law Floorplan: Yes
  • Fireplace Features:Recreation Room2: Yes
  • Basement:Concrete: Yes
  • Security Features:Gated Community: Yes
  • Fireplace Features:Fireplaces Total: 3

Exterior Features

  • Exterior Features: Lighting, Rain Gutters
  • Acres: 2.34
  • Home Warranty: Yes
  • Construction Type: Brick, Concrete, Fiber Cement
  • Direction Faces: Northwest
  • Foundation Details: Concrete
  • Patio And Porch Features: Covered, Deck, Porch, Screened
  • Accessibility Features:Accessible WasherDryer: Yes
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Lot Features:Wooded: Yes
  • Patio And Porch Features:Covered2: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Insulated Windows: Yes
  • Construction Materials:Brick: Yes
  • Exterior Features:Lighting: Yes
  • Construction Materials:Concrete2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, Parking Pad
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Side: Yes
  • Parking Features:Parking Pad: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

  • Heating: Natural Gas, Zoned
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 1000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 1000.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Ninth Grade High School: Wake - Wakefield
  • Middle Or Junior School: Wake - Wakefield

Lot Info

  • Lot Dimensions: 90x260x673x201
  • Lot Size Sq Ft: 101930.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Water Conservation: Low-Flow Fixtures
  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes

MLS Schools

  • Elementary School: Wake - Pleasant Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2022
Closed on
Oct 3, 2023
Sold by
Gray Line Builders Llc
Bought by
Smith Rodney Wayne and Greene-Smith Megan
Seller's Agent
Russell Ammons
Coldwell Banker HPW New Homes
Buyer's Agent
Louise Doing
Coldwell Banker Advantage
List Price
$1,700,000
Sold Price
$1,716,085
Premium/Discount to List
$16,085
0.95%
Views
120
Current Estimated Value
$1,868,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,350
Avg. Annual Appreciation
4.41%
Original Mortgage
$726,200
Outstanding Balance
$712,214
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$1,156,221

Purchase Details

Closed on
Aug 31, 2022
Sold by
Falls Lake Holdings Llc
Bought by
Gray Line Builders Llc
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Rodney Wayne $1,716,500 None Listed On Document
Gray Line Builders Llc $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Rodney Wayne $726,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $1,716,085 -- --
10/26/2023 10/26/23 Sold $1,716,085 +0.9% $406 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
10/28/2022 10/28/22 For Sale $1,700,000 -- $402 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

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
2025 $10,975 $1,712,772 $250,000 $1,462,772
2024 $10,113 $1,712,772 $250,000 $1,462,772
2023 $1,703 $218,400 $200,000 $18,400
2022 $1,444 $200,000 $200,000 $0
2021 $1,405 $200,000 $200,000 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Russell Ammons

    Coldwell Banker HPW New Homes

  • Louise Doing

    Buyer's Agent in 2023

    Louise Doing

    Coldwell Banker Advantage

    (919) 523-9852

    9 in this area

    54 Total Sales

    Louise Doing
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2481390

Doorify MLS

APN: 0891.02-59-0199-000

North Carolina Wake County Wake Forest 27587 Falls Lake

1201 Explorer Trail, Wake Forest, NC

This home is located at 1201 Explorer Trail, Wake Forest, NC 27587 since 28 October 2022 and is currently estimated at $1,868,435, approximately $441 per square foot. This property was built in 2023. 1201 Explorer Trail is a home located in Wake County with nearby schools including Pleasant Union Elementary School, Wakefield Middle, and Wakefield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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