NOT LISTED FOR SALE

1500 River Mill Dr Unit 310 Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $292,000 - $358,576

3 Beds
2 Baths
1,210 Sq Ft
1854 Built

Sale Details

Date Sold: September 8, 2025

Last sale price $440,000 $364 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $2,291 / mo

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
  • Primary bedroom located on second floor
  • 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
  • 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 Sq Ft Lot

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
  • General Property Information:Living Area3: 1210.0
  • 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
  • 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

Matterport 3D Tour

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
Current Estimated Value
$323,644

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
$53,890
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$269,754

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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

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
Rice G Johnson $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 Rice G Johnson $116,000
Closed Rice G Johnson $21,750
Previous Owner Bunner Jeffrey Dale $101,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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

  • Hugh Grist

    Seller's Agent in 2025

    Hugh Grist

    Grist Realty Inc

    (919) 601-8672

    4 in this area

    73 Total Sales

    Hugh Grist
    Section Image
  • Jason Dalton

    Buyer's Agent in 2025

    Jason Dalton

    Keller Williams Realty

    (919) 520-7067

    7 in this area

    205 Total Sales

    Jason Dalton
    Section Image
  • Jarrett Jost

    Buyer Co-Listing Agent in 2025

    Jarrett Jost

    Keller Williams Realty

    (984) 242-7757

    2 in this area

    73 Total Sales

    Jarrett Jost
    Section Image
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Map

Source: Doorify MLS

MLS Number: 10103946

Doorify MLS

APN: 1729.01-47-7940-019

North Carolina Wake County Wake Forest 27587 Falls Lake

1500 River Mill Dr Unit 310, Wake Forest, NC

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