Seller's Agent in 2025
Alex Rivers
Imagination Homes LLC
(919) 602-2765
8 in this area
100 Total Sales
12736 Waterman Dr Raleigh, NC 27614
Falls Lake Neighborhood
4
Beds
3.5
Baths
4,906
Sq Ft
1.45
Acres
Highlights
- Lake View
- Open Floorplan
- Property is near a clubhouse
- Brassfield Elementary School Rated A-
- Community Lake
- Deck
About This Home
As of January 2025$150K+ discount! Amply opportunity for buyers to make their personal updates to this Pointe at Falls Lake custom Parade Home. Recent sales show updated value would be $1.2M. 1.5-acre cul-de-sac lot with backyard access to Falls Lake & 5-min walk to lakeshore. Enjoy nature from enormous two-tier deck & sunroom. Get cozy by masonry wood fireplace. Has 4 bdr/3.5 ba, formal living & dining rm, 2 family rms, 2 laundries, & 3rd flr with 2 lg finished rms. Brick-front with '' red oak floors, oak cabinetry in lg kitchen, 3-pc crown & chair molding, transom & arched windows, skylights, & abundance of storage. Kitchen has SS appl & granite. Lg primary suite with 2 lg walk-ins, 2 vanities, jacuzzi tub, & shower. Enormous upstairs family rm with cathedral ceiling, special woodwork, dry bar, & open stairs to 3rd flr. Oversized 2 car garage & low maintenance natural landscaping. HOA= pool, tennis, playground
Last Agent to Sell the Property
Imagination Homes LLC License #246977 Listed on: 01/08/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,839
Year Built
- Built in 1987
Lot Details
- 1.45 Acre Lot
- Cul-De-Sac
- Secluded Lot
- Pie Shaped Lot
- Lot Sloped Down
- Cleared Lot
- Many Trees
- Private Yard
- Garden
- Back and Front Yard
- Property is zoned R-80W
HOA Fees
- $76 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Side Facing Garage
Home Design
- Transitional Architecture
- Traditional Architecture
- Brick Veneer
- Brick Foundation
- Shingle Roof
- Fiberglass Roof
- Masonite
Interior Spaces
- 4,906 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Bar Fridge
- Woodwork
- Crown Molding
- Smooth Ceilings
- Vaulted Ceiling
- Entrance Foyer
- Family Room
- Living Room
- Breakfast Room
- Dining Room
- Home Office
- Bonus Room
- Workshop
- Sun or Florida Room
- Lake Views
- Home Security System
- Attic
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Electric Oven
- Electric Cooktop
- Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Dual Closets
- Walk-In Closet
- Double Vanity
- Whirlpool Bathtub
- Separate Shower in Primary Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Washer and Dryer
Outdoor Features
- Deck
- Exterior Lighting
- Rain Gutters
Schools
- Brassfield Elementary School
- West Millbrook Middle School
- Millbrook High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Water Heater
- Water Purifier
- Septic Tank
Additional Features
- Accessible Entrance
- Property is near a clubhouse
Listing and Financial Details
- Assessor Parcel Number 1810160145
Community Details
Overview
- Association fees include ground maintenance
- Falls Pointe HOA, Phone Number (919) 455-0976
- Pointe At Falls Lake Subdivision
- Community Lake
Recreation
- Tennis Courts
- Community Playground
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2025
Closed on
Jan 16, 2025
Sold by
Cunningham Carl W and Cunningham Anna R
Bought by
Underhill Jacqueline A and Underhill William R
Seller's Agent
Alex Rivers
Imagination Homes LLC
Buyer's Agent
Lee Goldstein
Intrust Realty, Inc.
List Price
$925,000
Sold Price
$900,000
Premium/Discount to List
-$25,000
-2.7%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,863
Avg. Annual Appreciation
7.54%
Original Mortgage
$720,000
Outstanding Balance
$715,561
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$226,588
Purchase Details
Closed on
Apr 26, 1999
Sold by
The Nicholas Family Trust and Deane E
Bought by
Cunningham Carl W and Cunningham Anna R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.87%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $900,000 | None Listed On Document | |
| Warranty Deed | $425,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $720,000 | New Conventional | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $180,000 | New Conventional | |
| Previous Owner | $200,000 | New Conventional | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $340,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $900,000 | -2.7% | $183 / Sq Ft |
| 01/08/2025 01/08/25 | Pending | -- | -- | -- |
| 01/08/2025 01/08/25 | For Sale | $925,000 | 0.0% | $189 / Sq Ft |
| 11/22/2024 11/22/24 | Pending | -- | -- | -- |
| 11/14/2024 11/14/24 | Price Changed | $925,000 | 0.0% | $189 / Sq Ft |
| 11/14/2024 11/14/24 | For Sale | $925,000 | -2.6% | $189 / Sq Ft |
| 09/24/2024 09/24/24 | Off Market | $949,900 | -- | -- |
| 08/15/2024 08/15/24 | For Sale | $949,900 | -- | $194 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $5,003 | $812,894 | $175,000 | $637,894 |
| 2024 | $4,858 | $779,117 | $175,000 | $604,117 |
| 2023 | $4,126 | $526,638 | $100,000 | $426,638 |
| 2022 | $3,823 | $526,638 | $100,000 | $426,638 |
| 2021 | $3,721 | $526,638 | $100,000 | $426,638 |
| 2020 | $3,659 | $526,638 | $100,000 | $426,638 |
| 2019 | $4,223 | $514,654 | $130,000 | $384,654 |
| 2018 | $3,882 | $514,654 | $130,000 | $384,654 |
| 2017 | $3,679 | $514,654 | $130,000 | $384,654 |
| 2016 | $3,605 | $514,654 | $130,000 | $384,654 |
| 2015 | $3,654 | $523,212 | $142,000 | $381,212 |
| 2014 | $3,463 | $523,212 | $142,000 | $381,212 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Rivers
-
Lee Goldstein
Buyer's Agent in 2025
Lee Goldstein
Intrust Realty, Inc.
(919) 621-2911
6 in this area
124 Total Sales
Map
Source: Doorify MLS
MLS Number: 10046905
APN: 1810.01-16-0145-000
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