NOT LISTED FOR SALE

1504 Penstock Ln Wake Forest, NC 27587

Estimated Value: $514,247 - $540,000

4 Beds
2.5 Baths
2,738 Sq Ft
$193/Sq Ft Est. Value

Last Sold February 08, 2022

Last sale price $480,000 $175 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,274/month

25 Days on Market

Highlights

  • Transitional Architecture
  • Wood Flooring
  • Screened Porch
  • Wake Forest High School Rated 9+
  • Granite Countertops
  • Separate Shower in Primary Bathroom

About This Home

As of February 2022

Partial brick front Wake Forest Home. 4 bedrooms and 2.5 baths. Master suite with master bath, WIC. Sep. shower and tub. Nice foyer entrance with adjacent dining room. Large family room w/gas log fireplace that opens to the kitchen. Kitchen with granite countertops, appliances, plenty of cabinet space, pantry, and center island. Great additional bedrooms on 2nd floor. Screened in patio for outside enjoyment. 2 car garage. Close to shopping and schools.

Last Agent to Sell the Property

David Little

EXP Realty LLC License #227756 Listed on: 11/25/2021

EXP Realty LLC

Last Buyer's Agent

Kerry Waite

Choice Residential Real Estate License #285512

Choice Residential Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,575

Year Built

  • Built in 2017

Lot Details

  • 6,970 Sq Ft Lot
  • Landscaped

HOA Fees

  • $60 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,738 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Screened Porch
  • Utility Room
  • Laundry on upper level
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Patio

Schools

  • Forest Pines Elementary School
  • Wake Forest Middle School
  • Wake Forest High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • Elite Management Team Association
  • Reynolds Mill Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,575

Year Built

Built in 2017

Lot Details

0

HOA Fees

$60 per month

Parking

2

Listing Details

  • Year Built: 2017
  • Prop. Type: Residential
  • Subdivision Name: Reynolds Mill
  • Above Grade Finished Sq Ft: 2738.0
  • Architectural Style: Traditional, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 0
  • 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
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Interior Features LivingDining Room Combination: Yes
  • Laundry Features Upper Level: Yes
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • General Property Information Above Grade Finished Area: 2738.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 6969.6
  • General Property Information Lot Size Acres: 0.16
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, Granite Counters, Living/Dining Room Combination, Pantry, Separate Shower, Smooth Ceilings, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Water Heater, Gas Range, Microwave
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Total Bedrooms: 7
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Range: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.16
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio, Porch, Screened
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 181.0
  • Association Fee Frequency: Quarterly
  • Association Name: Elite Management Team
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Elite Management Team
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 181.0
  • General Property Information:Association Fee Frequency: Quarterly

Schools

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

Lot Info

  • Lot Dimensions: 0
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3575.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - Forest Pines

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2021
Closed on
Feb 8, 2022
Sold by
Opendoor Property Trust
Bought by
Duroska Ladislav and Duroska Maria
Seller's Agent
David Little
EXP Realty LLC
Buyer's Agent
Kerry Waite
Choice Residential Real Estate
List Price
$490,000
Sold Price
$480,000
Premium/Discount to List
-$10,000
-2.04%
Current Estimated Value
$528,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,812
Avg. Annual Appreciation
2.68%
Original Mortgage
$432,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2021
Sold by
Elbro John and Elbro Patricia
Bought by
Opendoor Property Trust I

Purchase Details

Closed on
Jun 15, 2017
Sold by
Taylor Morrison Of Carolinas Inc
Bought by
Elbro John and Elbro Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,375
Interest Rate
4.02%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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

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
Duroska Ladislav $480,000 Midtown Property Law
Opendoor Property Trust I $445,500 None Available
Opendoor Property Trust $445,500 None Listed On Document
Elbro John $321,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Duroska Ladislav $432,000
Previous Owner Elbro John $291,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $480,000 -- --
02/08/2022 02/08/22 Sold $480,000 -2.0% $175 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
11/25/2021 11/25/21 For Sale $490,000 -- $179 / 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 $4,786 $495,709 $100,000 $395,709
2024 $4,768 $495,709 $100,000 $395,709
2023 $3,793 $324,713 $42,000 $282,713
2022 $3,639 $324,713 $42,000 $282,713
2021 $3,576 $324,713 $42,000 $282,713
2020 $3,576 $324,713 $42,000 $282,713
2019 $3,285 $263,154 $52,000 $211,154
2018 $3,110 $52,000 $52,000 $0
2017 $0 $52,000 $52,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2420770

Doorify MLS

APN: 1830.12-96-3098-000