NOT LISTED FOR SALE

2016 Reserve Falls Ln Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $1,339,748 - $1,438,000

4 Beds
4 Baths
4,241 Sq Ft
$327/Sq Ft Est. Value

Last Sold August 14, 2023

Last sale price $1,200,000 $283 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,073/month

190 Days on Market

Highlights

  • New Construction
  • Family Room with Fireplace
  • Cathedral Ceiling
  • North Forest Pines Elementary School Rated A
  • Transitional Architecture
  • Wood Flooring

About This Home

As of August 2023

POOL READY LOT! FARMHOUSE w/Metal Roof Accents! 1st FLOOR MASTER & GUEST! Kit: w/Quartz Ctops, Custom Cabs, Bertazonni SS Appliances, Large Center Island w/Designer Pendant Lights & Scullery! Open to Dining Area w/Cathedral Ceiling & French Door to Screened Porch! MasterSuite: w/Hardwoods! MasterBath: DualVanity w/Quartz Countertop, Zero Entry Tile Surround Shower & Freestanding Tub, & Huge Walk in Closet w/His & Her Sides & Dressing Mirror! FamilyRoom: TreyCeiling w/Crown & Slider to Screened Porch w/Outdoor Fireplace! 2nd Floor Recreational Room, Bonus Room & Office/Study!

Last Agent to Sell the Property

Jim Allen

Coldwell Banker HPW License #126077 Listed on: 12/07/2022

Last Buyer's Agent

Kim Pappalardo

Real Broker, LLC License #222069

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,640

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 1.63 Acre Lot
  • Landscaped with Trees

HOA Fees

  • $88 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Transitional Architecture
  • Farmhouse Style Home
  • Brick Exterior Construction
  • Brick Foundation
  • Frame Construction
  • Board and Batten Siding

Interior Spaces

  • 4,241 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Storage
  • Utility Room
  • Crawl Space
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Double Convection Oven
  • Gas Range
  • Range Hood
  • Plumbed For Ice Maker
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • In-Law or Guest Suite
  • 4 Full Bathrooms
  • Private Water Closet
  • Bathtub with Shower
  • Shower Only in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer Hookup

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Forest Pines Elementary School
  • Wakefield Middle School
  • Wakefield High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Association fees include storm water maintenance
  • Ppm Association
  • Built by HJ Morris Construction, Inc
  • Waterstone Reserve Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,640

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$88 per month

Parking

3

Listing Details

  • Builder Name: HJ Morris Construction, Inc
  • Year Built: 2022
  • Prop. Type: Residential
  • Reso Association Fee Includes: Storm Water Maintenance
  • Subdivision Name: Waterstone Reserve
  • Above Grade Finished Sq Ft: 4241.0
  • Architectural Style: Farmhouse, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Lighting, Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see survey
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Architectural Style Transitional: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features Water Closet: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Contract Information Estimated Completion Date: 2023-01-01
  • Architectural Style Farm House: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Lot Features Hardwood Trees: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: M
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Laundry Features Electric Dryer Hookup: Yes
  • Room Types Utility Room: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Utilities Cable Available: Yes
  • In-Law Suite Details Main Foor: Yes
  • Foundation Details BrickMortar: Yes
  • Water Source Community Water: Yes
  • General Property Information Above Grade Finished Area: 4241.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 71002.8
  • General Property Information Lot Size Acres: 1.63
  • General Property Information Builder Name: HJ Morris Construction, Inc
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Bookcases, Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Ceilings, In-Law Floorplan, Pantry, Primary Downstairs, Quartz Counters, Separate Shower, Shower Only, Smooth Ceilings, Storage, Walk-In Closet(s), Water Closet
  • Basement: Crawl Space
  • Appliances: Convection Oven, Double Oven, ENERGY STAR Qualified Appliances, Gas Range, Gas Water Heater, Plumbed For Ice Maker, Range Hood, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log, Sealed Combustion
  • Fireplaces: 2
  • Total Bedrooms: 12
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Sealed Combustion: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Quartz Counters: Yes
  • Interior Features:Storage3: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Bookcases: Yes
  • Appliances:Double Oven: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:In-Law Floorplan: Yes
  • Appliances:Convection Oven: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 1.63
  • Construction Type: Board & Batten Siding, Brick, Fiber Cement
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Covered, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Board Batten Siding: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

  • Utilities: Cable Available
  • Heating: Forced Air, Natural Gas, Zoned
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 88.0
  • Association Fee Frequency: Monthly
  • Association Name: PPM
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: PPM
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 88.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: see survey
  • Lot Size Sq Ft: 71002.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes

MLS Schools

  • Elementary School: Wake - Forest Pines

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2022
Closed on
Aug 9, 2023
Sold by
H J Morris Construction Inc
Bought by
Scheller Christine M and Scheller Kenneth M
Seller's Agent
Jim Allen
Coldwell Banker HPW
Buyer's Agent
Kim Pappalardo
Real Broker, LLC
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Views
163
Current Estimated Value
$1,385,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,937
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Mar 25, 2021
Sold by
Waterstone Partners Llc
Bought by
H J Morris Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
3%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Scheller Christine M $1,200,000 None Listed On Document
H J Morris Construction Inc $160,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner H J Morris Construction Inc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $1,200,000 -- --
08/14/2023 08/14/23 Sold $1,200,000 -4.0% $283 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
12/06/2022 12/06/22 For Sale $1,250,000 -- $295 / 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 $7,640 $1,191,376 $215,000 $976,376
2024 $7,418 $1,191,376 $215,000 $976,376
2023 $5,780 $738,730 $175,000 $563,730
2022 $1,330 $184,200 $175,000 $9,200
2021 $1,230 $175,000 $175,000 $0
2020 $399 $175,000 $175,000 $0
2019 $562 $68,800 $68,800 $0
2018 $468 $160,000 $160,000 $0
2017 $444 $160,000 $160,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Allen

    Seller's Agent in 2023

    Jim Allen

    Coldwell Banker HPW

    (919) 845-9909

    461 in this area

    4,834 Total Sales

    Jim Allen
    Section Image
  • Kim Pappalardo

    Buyer's Agent in 2023

    Kim Pappalardo

    Real Broker, LLC

    (919) 608-2085

    7 in this area

    272 Total Sales

    Kim Pappalardo
    Section Image

  • K

    Buyer's Agent in 2023

    Kimberly Pappalardo

    Keller Williams Preferred Realty

See All Agents

Map

Source: Doorify MLS

MLS Number: 2486308

Doorify MLS

APN: 1821.03-43-0045-000

North Carolina Wake County Wake Forest 27587 Falls Lake

2016 Reserve Falls Ln, Wake Forest, NC

This home is located at 2016 Reserve Falls Ln, Wake Forest, NC 27587 since 07 December 2022 and is currently estimated at $1,385,937, approximately $326 per square foot. This property was built in 2022. 2016 Reserve Falls Ln is a home located in Wake County with nearby schools including North Forest Pines Elementary School, Wakefield Middle, and Wakefield High School.

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