NOT LISTED FOR SALE

1408 Lily Estates Dr Raleigh, NC 27614

Falls Lake Neighborhood

Estimated Value: $2,072,000 - $2,794,000

4 Beds
7 Baths
5,623 Sq Ft
$431/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $2,173,124 $386 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $14,075/month

Highlights

  • Home Theater
  • New Construction
  • Family Room with Fireplace
  • Brassfield Elementary School Rated A-
  • Heated In Ground Pool
  • Vaulted Ceiling

About This Home

As of August 2022

Stunning Modern Design by Homestead Building Co. located in Avalaire, North Raleigh's Finest Luxury Community! Incredible Main Floor Living with 11ft Ceilings. Master Suite w/Spa Bath, Exercise and Study on main floor! Open Design with Dining Room, Kitchen/Scullery, Wolf & Subzero Appliances, Family & Breakfast Rm flows out to Covered Screen Porch with FP overlooking Beautiful Pool/Spa! 2nd floor offers 3 additional Bedrooms with private baths. Game Rm with full wet bar & separate Media Rm, 3 car garage.

Last Agent to Sell the Property

Leslie Young

Coldwell Banker HPW License #191462 Listed on: 03/19/2022

Coldwell Banker HPW

Co-Listed By

John Young

Coldwell Banker HPW License #166206

Last Buyer's Agent

Jill Rekuc

Olde Raleigh Real Estate, LLC License #197070

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,875

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.83 Acre Lot
  • Fenced Yard
  • Irrigation Equipment
  • Landscaped with Trees

HOA Fees

  • $124 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Transitional Architecture
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 5,623 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bookcases
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Home Theater
  • Home Office
  • Bonus Room
  • Screened Porch
  • Storage
  • Laundry Room
  • Utility Room
  • Home Gym
  • Crawl Space
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Double Vanity
  • Shower Only in Primary Bathroom
  • Walk-in Shower

Accessible Home Design

  • Accessible Washer and Dryer

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat

Outdoor Features

  • Heated In Ground Pool
  • Patio
  • Outdoor Fireplace
  • Rain Gutters

Schools

  • Brassfield Elementary School
  • West Millbrook Middle School
  • Millbrook High School

Utilities

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

Community Details

  • Association fees include insurance, storm water maintenance
  • Charleston Management Association
  • Built by Homestead Building Co.
  • Avalaire Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,875

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$124 per month

Parking

3

Listing Details

  • Builder Name: Homestead Building Co.
  • Year Built: 2022
  • Prop. Type: Residential
  • Reso Association Fee Includes: Insurance, Storm Water Maintenance
  • Co List Office Mls Id: 3198
  • Co List Office Phone: 919-876-8824
  • Subdivision Name: Avalaire
  • Above Grade Finished Sq Ft: 5623.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Lighting, Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see recorded plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Laundry Features Laundry Room: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Contract Information Estimated Completion Date: 2022-08-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Lot Features Hardwood Trees: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Bonus Room: Yes
  • Room Types Den2: 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
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Pool Features In Ground: 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: 5623.0
  • General Property Information Carport YN: No
  • Pool Features Heated: Yes
  • General Property Information Lot Size Square Feet2: 36154.8
  • General Property Information Lot Size Acres: 0.83
  • General Property Information Builder Name: Homestead Building Co.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Bookcases, Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Pantry, Primary Downstairs, Quartz Counters, Separate Shower, Shower Only, Smooth Ceilings, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Wet Bar
  • Basement: Crawl Space
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log, Outside, Sealed Combustion
  • Fireplaces: 2
  • Total Bedrooms: 12
  • Appliances Dishwasher: 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:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Outside: Yes
  • Fireplace Features:Sealed Combustion: 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
  • Appliances:Self Cleaning Oven: Yes
  • Interior Features:Bookcases: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:High Speed Internet: Yes
  • Attic Features:Walk-In Attic: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Exterior Features: Fenced Yard, Rain Gutters
  • Acres: 0.83
  • Construction Type: Brick, Fiber Cement
  • Patio And Porch Features: Patio, 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
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

  • Heating: Forced Air, Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 371.0
  • Association Fee Frequency: Quarterly
  • Association Name: Charleston Management
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Charleston Management
  • Association Fee Includes:Insurance2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 371.0
  • General Property Information:Association Fee Frequency: Quarterly

Schools

  • Ninth Grade High School: Wake - Millbrook
  • Middle Or Junior School: Wake - West Millbrook

Lot Info

  • Lot Dimensions: see recorded plat
  • Lot Size Sq Ft: 36154.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes

MLS Schools

  • Elementary School: Wake - Brassfield

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2022
Closed on
Jul 27, 2022
Sold by
Homestead Building Company
Bought by
Lawless Michael
Seller's Agent
Leslie Young
Coldwell Banker HPW
Buyer's Agent
Jill Rekuc
Olde Raleigh Real Estate, LLC
List Price
$1,970,000
Sold Price
$2,173,124
Premium/Discount to List
$203,124
10.31%
Current Estimated Value
$2,422,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,710
Avg. Annual Appreciation
3.56%
Original Mortgage
$1,720,000
Outstanding Balance
$1,646,857
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$775,977
Source: Public Records

Range of Values:

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Sold Price
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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
Lawless Michael $2,173,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawless Michael $1,720,000
Previous Owner Homestead Building Company $150,000
Previous Owner Homestead Building Company $850,000
Previous Owner Homestead Building Company $198,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $2,173,124 -- --
08/12/2022 08/12/22 Sold $2,173,124 +10.3% $386 / Sq Ft
03/19/2022 03/19/22 Pending -- -- --
03/19/2022 03/19/22 For Sale $1,970,000 -- $350 / 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 $13,875 $2,166,135 $484,500 $1,681,635
2024 $13,472 $2,166,135 $484,500 $1,681,635
2023 $12,418 $1,590,133 $337,500 $1,252,633
2022 $4,406 $610,100 $337,500 $272,600
2021 $2,372 $337,500 $337,500 $0
2020 $2,332 $337,500 $337,500 $0
2019 $2,027 $248,200 $248,200 $0
2018 $968 $248,200 $248,200 $0
2017 $918 $248,200 $248,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Leslie Young

    Seller's Agent in 2022

    Leslie Young

    Coldwell Banker HPW

    (919) 280-5401

    48 in this area

    76 Total Sales

    Leslie Young
    Section Image
  • John Young

    Seller Co-Listing Agent in 2022

    John Young

    Coldwell Banker HPW

    (919) 271-8820

    44 in this area

    74 Total Sales

    John Young
    Section Image
  • Jill Rekuc

    Buyer's Agent in 2022

    Jill Rekuc

    Olde Raleigh Real Estate, LLC

    (919) 389-0555

    1 in this area

    84 Total Sales

    Jill Rekuc
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2437488

Doorify MLS

APN: 1708.02-99-2033-000

North Carolina Wake County Raleigh 27614 Falls Lake

1408 Lily Estates Dr, Raleigh, NC

This home is located at 1408 Lily Estates Dr, Raleigh, NC 27614 since 19 March 2022 and is currently estimated at $2,422,834, approximately $430 per square foot. This property was built in 2022. 1408 Lily Estates Dr is a home located in Wake County with nearby schools including Brassfield Elementary School, West Millbrook Middle School, and Millbrook 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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