NOT LISTED FOR SALE

1500 River Mill Dr Unit 110 Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $295,270

2 Beds
2.5 Baths
876 Sq Ft
436 Sq Ft Lot

Sale Details

Date Sold: December 8, 2023

Last sale price $325,000 $371 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $2,290 / mo

1 Day on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Brick or Stone Mason
  • Wakefield Middle Rated A-
  • Quartz Countertops
  • Bathtub with Shower

About This Home

As of December 2023

Stunning Hidden Gem right on the Neuse River! Located in an Old Mill Building built in 1847 that has been Converted into condos. Recently renovated with an Open floor plan, exposed stone wall and wood beams. Almost everything is new. Refinished original mill hardwood floors upstairs. New LVP Downstairs. New HVAC and Water Heater. Kitchen features new stainless steel appliances, tile backsplash and quartz countertops. Newly painted Spiral staircase leads to 2nd floor complete with 2 Bedrooms and updated Bathrooms. Private fenced in courtyard with new back fence. Scraped ceilings, Freshly painted walls and trim. All new light fixtures and many many extras. Lovely community with access to community garden, walking trails, gazebo, fishing, kayaking and walking distance to Falls Lake! Please do not forget to walk to the front of building and take in the wonderful water views! Each unit gets 2 parking spots

Last Agent to Sell the Property

Lori Walls

Howard Hanna Allen Tate Raleigh Falls of Neuse License #274535 Listed on: 11/15/2023

Howard Hanna Allen Tate Raleigh Falls of Neuse

Last Buyer's Agent

Donna Kunath

Intracoastal Realty Corp License #338771

Intracoastal Realty Corp

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,379

Year Built

  • Built in 1854

Lot Details

  • Landscaped
  • Historic Home

HOA Fees

Parking

  • Assigned Parking

Home Design

  • Brick or Stone Mason
  • Stone

Interior Spaces

  • 876 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Combination Dining and Living Room
  • Laundry on main level

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • Patio

Schools

  • Wakefield Elementary And Middle School
  • Wakefield High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Community Sewer or Septic

Community Details

Overview

  • Association fees include maintenance structure, sewer, trash
  • Hrw Association
  • Assessment Association
  • River Mill Condos Subdivision

Recreation

  • Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,379

Year Built

Built in 1854

Lot Details

436 Sq Ft Lot

HOA Fees

$565 per month

Listing Details

  • Year Built: 1854
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Structure, Sewer, Trash
  • Subdivision Name: River Mill Condos
  • Above Grade Finished Sq Ft: 876.0
  • Architectural Style: Local Historic Designation, Warehouse
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Condominium
  • General Property Information Lot Size Dimensions: see tax
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Main Level: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Primary Bedroom Level: 2
  • Interior Features LivingDining Room Combination: Yes
  • Room Types Living Room2: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Stunning Gem on the Neuse River. 2 Bed/ 2 1/2 bath Condo Renovated with almost everything NEW. HVAC, Water Heater, Flooring, lighting, & appliances. New Quartz kitchen countertops and backsplash and bathrooms vanities. Freshly Painted with scraped ceilings upstairs. Master tub replaced and new bath tile. Added Washer/Dryer hookup in downstairs bath. Exposed original ceilings and exposed Stone Walls. So much to list. Lovely community, with access to walking trails, gazebo, & community garden.
  • Laundry Features Laundry Closet: Yes
  • General Property Information Association Name 2: Assessment
  • Sewer Community Sewer: Yes
  • General Property Information Above Grade Finished Area: 876.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 435.6
  • Architectural Style Local Historic Designation: Yes
  • General Property Information Lot Size Acres: 0.01
  • General Property Information:Living Area3: 876.0
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Hardwood, Luxury Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), High Ceilings, Living/Dining Room Combination, Quartz Counters, Smooth Ceilings, Walk-In Shower
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Acres: 0.01
  • Construction Type: Stone
  • Patio And Porch Features: Patio
  • Lot Features:Landscaped: Yes
  • Construction Materials:Stone: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Open Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Parking Features:Assigned: Yes

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air, Electric, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association #2 Fee: 206.54
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 358.0
  • Association Fee Frequency: Monthly
  • Association: Assessment
  • Association Name: HRW
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: HRW
  • Association Amenities:Trail(s): Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Sewer: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 358.0
  • General Property Information:Association Fee Frequency: Monthly
  • General Property Information:Association Fee 2: 206.54
  • General Property Information:Association Fee 2 Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: see tax
  • Lot Size Sq Ft: 435.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1379.0

MLS Schools

  • Elementary School: Wake - Wakefield

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2023
Closed on
Dec 5, 2023
Sold by
Walls Richard and Walls Lori
Bought by
Seller's Agent
Lori Walls
Howard Hanna Allen Tate Raleigh Falls of Neuse
Buyer's Agent
Donna Kunath
Intracoastal Realty Corp
List Price
$325,000
Sold Price
$325,000
Views
33
Current Estimated Value
$295,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,730
Avg. Annual Appreciation
-3.39%

Purchase Details

Closed on
Jan 27, 2023
Sold by
Shern Thomas and Shern Marian
Bought by
Walls Richard and Walls Lori

Purchase Details

Closed on
Jan 14, 2000
Sold by
Jackson Kevin J and Jackson Wanda E
Bought by
Shern James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Interest Rate
7.88%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Falls Lake, NC

  • Keith Gunter Real Estate Agent - Berkshire Hathaway HomeService

    Keith Gunter

    Berkshire Hathaway HomeService

    (866) 614-1684

    147 Total Sales

    2 in Falls Lake

    $575K - $630K Price Range

    Keith Gunter
     Section Image
  • Linda Craft Real Estate Agent - Linda Craft Team, REALTORS

    Linda Craft

    Linda Craft Team, REALTORS

    (984) 459-7445

    767 Total Sales

    66 in Falls Lake

    $320K - $3.2M Price Range

    Linda Craft
     Section Image
  • Cindy Poole Roberts Real Estate Agent - Merriment Realty

    Cindy Poole Roberts

    Merriment Realty

    (984) 205-7175

    67 Total Sales

    3 in Falls Lake

    $481K - $1.3M Price Range

    Cindy Poole Roberts
     Section Image
  • Sharon Webb Real Estate Agent - Coldwell Banker Advantage

    Sharon Webb

    Coldwell Banker Advantage

    (984) 207-3434

    92 Total Sales

    6 in Falls Lake

    $293K - $1.3M Price Range

    Sharon Webb
     Section Image
  • Phillip Johnson Real Estate Agent - EXP Realty LLC

    Phillip Johnson

    EXP Realty LLC

    (984) 224-7192

    43 Total Sales

    3 in Falls Lake

    $925K - $1.3M Price Range

    Phillip Johnson
     Section Image
  • Lindy Mauney Real Estate Agent - EXP Realty LLC

    Lindy Mauney

    EXP Realty LLC

    (984) 205-7303

    66 Total Sales

    2 in Falls Lake

    $1.4M - $1.5M Price Range

    Lindy Mauney
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$325,000 None Listed On Document
Walls Richard $185,000 None Listed On Document
Shern James $96,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $81,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $325,000 0.0% $371 / Sq Ft
11/16/2023 11/16/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $325,000 -- $371 / Sq Ft
Source: Doorify MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,058 $324,635 $324,635
2024 $1,028 $324,635 $324,635
2023 $700 $174,368 $0 $174,368
2022 $650 $174,368 $0 $174,368
2021 $633 $174,368 $0 $174,368
2020 $622 $174,368 $0 $174,368
2019 $649 $153,985 $0 $153,985
2018 $0 $153,985 $0 $153,985
2017 $567 $153,985 $0 $153,985
2016 $556 $153,985 $0 $153,985
2015 $546 $151,403 $0 $151,403
2014 $518 $151,403 $0 $151,403
Source: Public Records

Agents Affiliated with this Home

  • Lori Walls Real Estate Agent - Howard Hanna Allen Tate Raleigh Falls of Neuse

    Seller's Agent in 2023

    Lori Walls

    Howard Hanna Allen Tate Raleigh Falls of Neuse

    (919) 931-0024

    10 in this area

    79 Total Sales

    Lori Walls
    Section Image

  • DK

    Buyer's Agent in 2023

    Donna Kunath

    Intracoastal Realty Corp

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2542065

Doorify MLS

APN: 1729.01-47-7940-010

North Carolina Wake County Wake Forest 27587 Falls Lake

1500 River Mill Dr Unit 110, Wake Forest, NC

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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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.

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