$440,000
SOLD SEP 8, 2025

1500 River Mill Dr Unit 310 Wake Forest, NC 27587

Falls Lake Neighborhood
3 Beds
2 Baths
1,210 Sq Ft
$471/mo HOA Fee

Recently Sold

$364 Per Sq Ft

2% Below List Price

61 Days on Market

Highlights

  • Fishing
  • River Front
  • Wood Flooring
  • Wakefield Middle Rated A-
  • Open Floorplan
  • Main Floor Bedroom

About This Home

As of September 2025

Nestled by the headwaters of the Neuse River at Falls Lake Dam, this beautifully renovated 3Bd 2Bt condo offers a single-level lifestyle accentuated by a profound connection to nature. This is the largest floor plan in the building and owners benefit from a historic low-tax incentive! The 1210sf condo boasts hardwood floors, exposed steel beams, and expansive industrial-sized windows that flood the space with natural light. Custom closets offer storage solutions. The no-step entry from the parking lot ensures single-level accessibility, making it perfect for empty nesters or down-sizers. Monthly rentals are allowed so consider this a great second investment home!

Last Agent to Sell the Property

Hugh Grist

Grist Realty Inc License #278622 Listed on: 06/18/2025

Last Buyer's Agent

Jason Dalton

Keller Williams Realty License #215303

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,132

Year Built

  • Built in 1854 | Remodeled in 2020

Lot Details

  • River Front
  • Garden

HOA Fees

  • $471 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Slab Foundation
  • Rubber Roof
  • Stone Veneer
  • Lead Paint Disclosure

Interior Spaces

  • 1,210 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Track Lighting
  • Aluminum Window Frames
  • Window Screens
  • Living Room
  • Dining Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry in multiple locations
  • Laundry in Hall
  • Washer and Dryer

Parking

  • 2 Parking Spaces
  • 2 Open Parking Spaces
  • Parking Lot
  • Unassigned Parking

Accessible Home Design

  • Accessible Entrance

Outdoor Features

  • Courtyard
  • Gazebo

Schools

  • Wakefield Elementary And Middle School
  • Wakefield High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Community Sewer or Septic

Listing and Financial Details

  • Assessor Parcel Number 1729477940

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure, pest control, road maintenance, sewer, storm water maintenance, trash
  • River Mill Condo Owners Association, Phone Number (866) 473-2573
  • River Mill Condos Subdivision
  • Maintained Community
  • Community Parking

Amenities

  • Picnic Area
  • Trash Chute
  • Laundry Facilities

Recreation

  • Fishing
  • Trails

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,132

Year Built

Built in 1854 | Remodeled in 2020

Lot Details

0

HOA Fees

$471 per month

Listing Details

  • Year Built: 1854
  • Prop. Type: Residential
  • Road Frontage Type: River
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Road Maintenance, Sewer, Storm Water Maintenance, Trash
  • Subdivision Name: River Mill Condos
  • Above Grade Finished Sq Ft: 1210.0
  • Architectural Style: Warehouse
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Effective Year Built: 2020
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: No
  • General Property Information Basement YN: No
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Laundry Features Main Level: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Bedroom 3 Level: Main
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: Second
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • General Property Information Association Phone: 866-473-2573
  • Laundry Features Laundry Closet: Yes
  • Laundry Features In Hall: Yes
  • Laundry Features Multiple Locations: Yes
  • General Property Information Enhanced Accessible2: No
  • Sewer Community Sewer: Yes
  • General Property Information Monthly Association Fees2: 471.16
  • Utilities Water Connected: Yes
  • General Property Information Above Grade Finished Area: 1210.0
  • Laundry Features Common Area2: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Disclosures Lead Based Paint: Yes
  • Security Features Key Card Entry: Yes
  • Frontage Type River: Yes
  • Other Structures Gazebo: Yes
  • RoofRubber: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Year Renovated: 2020

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Pantry, Smooth Ceilings, Track Lighting, Walk-In Shower
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: Upper Bridge
  • Main Level Bathrooms: 1
  • Total Bedrooms: 5
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Shower: Yes
  • Appliances:Electric Range: Yes
  • Appliances:WasherDryer: Yes
  • Interior Features:Open Floorplan: Yes
  • Community Features:Fishing: Yes
  • Interior Features:Track Lighting: Yes

Exterior Features

  • Roof: Rubber
  • Exterior Features: Courtyard, Garden
  • Fencing: None
  • Disclosures: Lead Based Paint, Seller Disclosure
  • Construction Type: Stone Veneer
  • Foundation Details: Slab
  • Accessibility Features:Accessible Entrance: Yes
  • Construction Materials:Stone Veneer: Yes
  • Window Features:Screens: Yes
  • Exterior Features:Garden: Yes
  • Exterior Features:Courtyard: Yes
  • Window Features:Aluminum Frames: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Fishing
  • Association Fee: 471.16
  • Association Fee Frequency: Monthly
  • Association Name: River Mill Condo Owners Association
  • Phone: 866-473-2573
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: River Mill Condo Owners Association
  • Association Amenities:Trail(s): Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Fee Includes:Sewer: Yes
  • Association Amenities:Laundry: Yes
  • Association Amenities:Picnic Area: Yes
  • Association Amenities:Trash: Yes
  • Association Fee Includes:Pest Control: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 471.16
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Parcel #: 1729477940

Tax Info

  • Tax Annual Amount: 1132.0
  • Tax Year: 25

MLS Schools

  • Elementary School: Wake - Wakefield

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2004
Sold by
Bunner Jeffrey Dale
Bought by
Rice G Johnson

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
$54,296
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$294,197

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

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 Type Sale Price Title Company
Warranty Deed $145,000 None Available
Warranty Deed $107,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $116,000 Adjustable Rate Mortgage/ARM
Closed $21,750 Credit Line Revolving
Previous Owner $101,650 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 Sold $440,000 -2.2% $364 / Sq Ft
08/18/2025 08/18/25 Pending -- -- --
06/18/2025 06/18/25 For Sale $450,000 -- $372 / 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 $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

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Map

Source: Doorify MLS

MLS Number: 10103946

Doorify MLS

APN: 1729.01-47-7940-019