RENTED MAR 2, 2026

1500 River Mill Dr Unit 206 Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $312,748

2 Beds
2 Baths
1,036 Sq Ft
1854 Built

Highlights

  • Boat Ramp
  • Parking available for a boat
  • River View
  • Wakefield Middle Rated A-
  • In a Historic District
  • Open Floorplan

About This Home

As of March 2026

Move in now to this riverfront, architecturally unique 2nd floor, 2 bedroom condo with spectacular views of the Neuse River and convenient to Wake Forest, North Raleigh and Falls Lake. The oversized windows with window seats and high ceilings throughout enhance the open concept floorplan. A large kitchen island with dining bar offers additional storage and cooking prep space. Maple hardwoods and 2 foot thick granite walls accentuate the natural setting of this Historic Mill condo. Enjoy the 17 acre park-like grounds on the Neuse River from the community gazebo or riverside seating or trails. 1 adult pet under 25 lbs permitted with $300 pet fee and $25/month pet rent. Water is included in rent and the community washers and dryers. No smoking permitted.

Last Agent to Rent the Property

Lisa Holmes

HRW Realty Corp. License #175353 Listed on: 02/02/2026

Last Renter's Agent

Lisa Holmes

HRW Realty Corp. License #175353 Listed on: 02/02/2026

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1854

Lot Details

  • River Front
  • 1 Common Wall
  • Wooded Lot
  • Many Trees

Home Design

  • Entry on the 2nd floor
  • Brick or Stone Mason
  • Stone

Interior Spaces

  • 1,036 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Reclaimed Wood Flooring
  • River Views

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Free-Standing Electric Oven
  • Self-Cleaning Oven
  • Range Hood
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Dual Closets
  • 2 Full Bathrooms
  • Primary bathroom on main floor
  • Bathtub with Shower
  • Walk-in Shower

Home Security

Parking

  • 2 Parking Spaces
  • 2 Open Parking Spaces
  • Parking Lot
  • Parking available for a boat
  • Unassigned Parking

Schools

  • Wakefield Elementary And Middle School
  • Wakefield High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Community Sewer or Septic
  • Cable TV Available

Additional Features

  • Gazebo
  • In a Historic District

Listing and Financial Details

  • Security Deposit $1,495
  • Property Available on 12/15/25
  • Tenant pays for electricity, insurance, air and water filters
  • The owner pays for association fees
  • 12 Month Lease Term
  • $75 Application Fee

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include sewer, trash, water
  • River Mill Condos Association, Phone Number (866) 473-2573
  • River Mill Condos Subdivision
  • Maintained Community
  • Community Parking

Recreation

  • Boat Ramp

Pet Policy

  • Pet Size Limit
  • $300 Pet Fee
  • Dogs and Cats Allowed
  • Breed Restrictions
  • Small pets allowed

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Year Built

Built in 1854

Lot Details

0 Sq Ft Lot

Rental Info

  • Tenant Pays: Electricity, Insurance, Air and Water Filters
  • Lease Term: 12 Months
  • Owner Pays: Association Fees
  • Available Date: 2025-12-15

Listing Details

  • Year Built: 1854
  • Prop. Type: Residential Lease
  • Road Frontage Type: River
  • Reso Association Fee Includes: Sewer, Trash, Water
  • Subdivision Name: River Mill Condos
  • Above Grade Finished Sq Ft: 1036.0
  • Entry Level: 2
  • Unit Levels: One
  • General Property Information Basement YN: No
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Water Source Public: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: Main
  • Interior Features LivingDining Room Combination: Yes
  • Room Types Living Room2: Yes
  • Flooring Wood: Yes
  • Utilities Cable Available: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Move in now to this riverfront, architecturally unique 2nd floor, 2 bedroom condo with spectacular views of the Neuse River and convenient to Wake Forest, North Raleigh and Falls Lake. The oversized windows with window seats and high ceilings throughout enhance the open concept floorplan. A large kitchen island with dining bar offers additional storage and cooking prep space. Maple hardwoods and 2 foot thick granite walls accentuate the natural setting of this Historic Mill condo. Enjoy the 17 acre park-like grounds on the Neuse River from the community gazebo or riverside seating or trails. 1 adult pet under 25 lbs permitted with $300 pet fee and $25/month pet rent. Water is included in rent and the community washers and dryers. No smoking permitted.
  • General Property Information Association Phone: 866-473-2573
  • General Property Information Senior Community YN: No
  • Community Features Historical Area: Yes
  • General Property Information Enhanced Accessible2: No
  • Sewer Community Sewer: Yes
  • Utilities Water Connected: Yes
  • Contract Information Lease Term: 12 Months
  • Contract Information Availability Date: 2025-12-15
  • Contract Information Security Deposit2: 1495.0
  • General Property Information Above Grade Finished Area: 1036.0
  • Building Features Accepts Section 8 Voucher: No
  • Laundry Features Common Area2: Yes
  • Pets Allowed Cats OK: Yes
  • Pets Allowed Dogs OK: Yes
  • Room Types Primary Bathroom Level: Main
  • Utilities Electricity Connected: Yes
  • Frontage Type River: Yes
  • View River2: Yes
  • Lot Water Features Public Boat Ramp 2-3 Miles: Yes
  • Other Structures Gazebo: Yes
  • Pets Allowed Yes2: Yes
  • Pets Allowed Small Pets OK: Yes
  • Pets Allowed Breed Restrictions: Yes
  • General Property Information Stories2: 1
  • Pets Allowed Size Limit: Yes
  • General Property Information:Living Area3: 1036.0
  • Pets Allowed:Number Limit: Yes
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Flooring: Reclaimed Wood, Wood
  • Interior Amenities: Bathtub/Shower Combination, Breakfast Bar, Ceiling Fan(s), High Ceilings, Kitchen Island, Living/Dining Room Combination, Open Floorplan, Pantry, Tile Counters, Walk-In Shower, His and Hers Closets
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Free-Standing Electric Oven, Free-Standing Refrigerator, Oven, Range Hood, Self Cleaning Oven, Stainless Steel Appliance(s)
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: 2nd floor bridge to building
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Shower: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Interior Features:Tile Counters: Yes
  • Appliances:Oven: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Appliances:Free-Standing Refrigerator: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Appliances:Free-Standing Electric Oven: Yes
  • Interior Features:His and Hers Closets: Yes

Exterior Features

  • Fencing: None
  • Common Walls: 1 Common Wall
  • Construction Type: Stone
  • Patio And Porch Features: None
  • Lot Features:Wooded: Yes
  • Construction Materials:Stone: Yes
  • Lot Features:Many Trees: Yes
  • Window Features:Window Coverings: Yes
  • Patio And Porch Features:None18: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Boat, On Site, Parking Lot, Unassigned
  • Total Parking Spaces: 2.0
  • Parking Features:Parking Lot: Yes
  • Association Amenities:Parking: Yes
  • General Property Information:Garage YN: No
  • Parking Features:Unassigned: Yes
  • Parking Features:On Site: Yes
  • General Property Information:Parking Total: 2.0
  • Parking Features:Boat: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Historical Area
  • Senior Community: No
  • HOA Rent Includes: Sewer, Trash Collection, Water
  • Association Fee Frequency: Monthly
  • Association Name: River Mill Condos
  • Phone: 866-473-2573
  • Association: Yes
  • Fees Application Fee: 75.0
  • Fees Pet Fee: 300.0

Association/Amenities

  • General Property Information:Association Name: River Mill Condos
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Fee Includes:Sewer: Yes
  • Association Amenities:Landscaping: Yes
  • Association Amenities:Laundry: Yes
  • Association Amenities:Trash: Yes
  • Association Amenities:Water: Yes
  • Owner Pays:Association Fees: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

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

Closed on
May 24, 2004
Sold by
Bunner Jeffrey Dale
Bought by
Current Estimated Value
$312,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Outstanding Balance
$49,726
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$263,022

Purchase Details

Closed on
May 15, 1998
Sold by
Wilson William A
Bought by
Bunner Jeffrey Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,650
Interest Rate
7.1%
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

  • Shelley Welch Real Estate Agent - Compass -- Raleigh

    Shelley Welch

    Compass -- Raleigh

    (877) 679-4352

    56 Total Sales

    4 in Falls Lake

    $535K - $785K Price Range

    Shelley Welch
     Section Image
  • Bart Riddick Real Estate Agent - Coldwell Banker HPW

    Bart Riddick

    Coldwell Banker HPW

    (252) 396-6107

    33 Total Sales

    1 in Falls Lake

    $329,000 Price

    Bart Riddick
     Section Image
  • Pamela Mundra Real Estate Agent - Century 21 Triangle Group

    Pamela Mundra

    Century 21 Triangle Group

    (833) 437-4772

    82 Total Sales

    5 in Falls Lake

    $425K - $825K Price Range

    Pamela Mundra
     Section Image
  • Rachel Groff Real Estate Agent - Turnkey Residential LLC

    Rachel Groff

    Turnkey Residential LLC

    (984) 500-1196

    21 Total Sales

    1 in Falls Lake

    $800,000 Price

    Rachel Groff
     Section Image
  • Monica Foley Real Estate Agent - Foley Properties & Estates Co.

    Monica Foley

    Foley Properties & Estates Co.

    (888) 612-8474

    58 Total Sales

    3 in Falls Lake

    $950K - $1.1M Price Range

    Monica Foley
     Section Image
  • Susan Napolitano Real Estate Agent - Berkshire Hathaway HomeService

    Susan Napolitano

    Berkshire Hathaway HomeService

    (984) 305-3476

    79 Total Sales

    5 in Falls Lake

    $622K - $1.7M Price Range

    Susan Napolitano
     Section Image
See All Agents

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
$145,000 None Available
Bunner Jeffrey Dale $107,000 --
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
Open $116,000
Previous Owner Bunner Jeffrey Dale $101,650
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
03/02/2026 03/02/26 Rented $1,495 0.0% --
02/11/2026 02/11/26 Under Contract -- -- --
02/02/2026 02/02/26 For Rent $1,495 -- --
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 $1,112 $341,324 $341,324
2024 $1,080 $341,324 $0 $341,324
2023 $700 $225,029 $0 $225,029
2022 $650 $225,029 $0 $225,029
2021 $811 $225,029 $0 $225,029
2020 $502 $225,029 $0 $225,029
2019 $532 $154,217 $0 $154,217
2018 $490 $154,217 $0 $154,217
2017 $465 $154,217 $0 $154,217
2016 $557 $154,217 $0 $154,217
2015 $547 $151,645 $0 $151,645
2014 $519 $151,645 $0 $151,645
Source: Public Records

Agents Affiliated with this Home

  • LH

    Landlord's Agent in 2026

    Lisa Holmes

    HRW Realty Corp.

    (919) 783-1855

    1 in this area

    18 Total Sales

    Lisa Holmes
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 10144159

Doorify MLS

APN: 1729.01-47-7940-019

North Carolina Wake County Wake Forest 27587 Falls Lake

1500 River Mill Dr Unit 206, Wake Forest, NC

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.