NOT LISTED FOR SALE

2017 Rapid Falls Rd Cary, NC 27519

Twin Lakes Neighborhood

Estimated Value: $394,000 - $417,000

3 Beds
2.5 Baths
1,777 Sq Ft
$227/Sq Ft Est. Value

Last Sold September 26, 2023

Last sale price $417,000 $235 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,629/month

2 Days on Market

Highlights

  • In Ground Pool
  • Clubhouse
  • Bamboo Flooring
  • Cedar Fork Elementary Rated A
  • Transitional Architecture
  • End Unit

About This Home

As of September 2023

Welcome to this gorgeous End Unit townhome located in desirable Twin Lakes designed collaboratively by KB Homes and Martha Stewart Living. Plenty of natural light Hardwood floors on main level. Open floor plan on main level. Huge gourmet kitchen with an enormous amount of cabinets and quartz counters. SS gas stove and wall oven with built in microwave. Stone fireplace in the family room offers a great accent. Renewal by Anderson sliding door leads to the stone patio. Updated hall bathroom with walk in tile shower. Laundry area in upstairs hallway. Tray ceiling in the primary bedroom. Primary bathroom has a garden tub and separate shower. Desirable location convenient to Wegmans, restaurants, shopping, RTP and RDU airport. Community amenities include fabulous pool, clubhouse, tennis, volleyball and playgrounds which are across the road from the townhouse. SHOWINGS START SATURDAY AUGUST 26,2023. We have an offer and if your client is interested in making an offer. please submit their offer by 12AM Aug. 27,2023.

Last Agent to Sell the Property

Barbara Levine

Coldwell Banker Advantage License #194291 Listed on: 08/25/2023

Coldwell Banker Advantage

Last Buyer's Agent

Heather Kinneberg

Coldwell Banker HPW License #246082

Coldwell Banker HPW

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2006

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 23x80x23x80
  • End Unit
  • Landscaped
  • Garden

HOA Fees

Parking

  • Assigned Parking

Home Design

  • Transitional Architecture
  • Slab Foundation

Interior Spaces

  • 1,777 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Stone Fireplace
  • Blinds
  • Entrance Foyer
  • Great Room with Fireplace
  • Family Room
  • Dining Room
  • Utility Room
  • Pull Down Stairs to Attic

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Bamboo
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Vanity
  • Separate Shower in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • In Ground Pool
  • Patio
  • Porch

Schools

  • Cedar Fork Elementary School
  • West Cary Middle School
  • Panther Creek High School

Utilities

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

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure
  • Twin Lakes Master Assoc. Association
  • Built by KB Home
  • Twin Lakes Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 2006

Lot Details

0

HOA Fees

$248 per month

Listing Details

  • Builder Name: KB Home
  • Year Built: 2006
  • Prop. Type: Residential
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure
  • Subdivision Name: Twin Lakes
  • Above Grade Finished Sq Ft: 1777.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Thermostat
  • Contract Information Ownership Type: Townhouse
  • General Property Information Lot Size Dimensions: 23x80x23x80
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Attic Features Pull-Down Stairs: 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
  • Cooling Zoned: Yes
  • Flooring Carpet: 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 Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Utilities Cable Available: Yes
  • Common Walls End Unit: Yes
  • Flooring Bamboo: Yes
  • Pool Features In Ground: Yes
  • General Property Information Above Grade Finished Area: 1777.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 1742.4
  • General Property Information Lot Size Acres: 0.04
  • General Property Information Builder Name: KB Home
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Bamboo, Carpet, Tile
  • Interior Amenities: Ceiling Fan(s), Double Vanity, Entrance Foyer, High Ceilings, Pantry, Quartz Counters, Separate Shower, Smooth Ceilings, Soaking Tub, Walk-In Shower
  • Appliances: Dishwasher, Dryer, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer, Water Purifier
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Gas Log, Great Room, Stone
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Shower: Yes
  • Fireplace Features:Stone3: Yes
  • Interior Features:Quartz Counters: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Fireplace Features:Gas4: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Water Purifier: Yes
  • Fireplace Features:Great Room: Yes
  • Community Features:Tennis Court(s)2: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Tennis Court(s)
  • Acres: 0.04
  • Common Walls: End Unit
  • Construction Type: Fiber Cement
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Blinds: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Garden2: Yes
  • Exterior Features:Tennis Court(s)3: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Parking Features:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool, Tennis Court(s)
  • Association #2 Fee: 177.5
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 210.0
  • Association Fee Frequency: Quarterly
  • Association Name: Twin Lakes Master Assoc.
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Twin Lakes Master Assoc.
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 210.0
  • General Property Information:Association Fee Frequency: Quarterly
  • General Property Information:Association Fee 2: 177.5
  • General Property Information:Association Fee 2 Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Panther Creek
  • Middle Or Junior School: Wake - West Cary

Lot Info

  • Lot Dimensions: 23x80x23x80
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Thermostat: Yes

Tax Info

  • Tax Annual Amount: 241196.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - Cedar Fork

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Sep 19, 2023
Sold by
Arter Calvin A and Arter Brittany N
Bought by
Gaither Monty and Gaither Georgeana
Seller's Agent
Barbara Levine
Coldwell Banker Advantage
Buyer's Agent
Heather Kinneberg
Coldwell Banker HPW
List Price
$399,900
Sold Price
$417,000
Premium/Discount to List
$17,100
4.28%
Views
73
Current Estimated Value
$403,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,389
Avg. Annual Appreciation
-1.55%
Original Mortgage
$333,600
Outstanding Balance
$326,525
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$77,086

Purchase Details

Closed on
Mar 2, 2018
Sold by
Arter Richard K and Arter Linda
Bought by
Arter Calvin A and Eldridge Brittany N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.04%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 1, 2017
Sold by
Choy King and Yuen Kith Ho
Bought by
Arter Richard K and Arter Linda

Purchase Details

Closed on
Mar 6, 2009
Sold by
Doa Properties Iiib Kb Models Llc
Bought by
Choy King and Yuen Kit Ho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,400
Interest Rate
5.14%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 9, 2008
Sold by
Kbone Llc
Bought by
Doa Properties Iiib Llc
Source: Public Records

Range of Values:

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Average Value
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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
Gaither Monty $417,000 None Listed On Document
Arter Calvin A $245,000 None Available
Arter Richard K $245,000 None Available
Choy King $218,000 None Available
Doa Properties Iiib Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaither Monty $333,600
Previous Owner Arter Calvin A $185,000
Previous Owner Choy King $174,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2023 12/18/23 Off Market $417,000 -- --
09/26/2023 09/26/23 Sold $417,000 +4.3% $235 / Sq Ft
08/27/2023 08/27/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $399,900 -- $225 / 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 $3,231 $374,617 $90,000 $284,617
2024 $3,161 $374,617 $90,000 $284,617
2023 $2,505 $248,017 $63,000 $185,017
2022 $2,412 $248,017 $63,000 $185,017
2021 $2,364 $248,017 $63,000 $185,017
2020 $2,376 $248,017 $63,000 $185,017
2019 $2,071 $191,545 $50,000 $141,545
2018 $1,944 $191,545 $50,000 $141,545
2017 $0 $191,545 $50,000 $141,545
2016 $1,841 $191,545 $50,000 $141,545
2015 $1,962 $197,250 $38,000 $159,250
2014 -- $197,250 $38,000 $159,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2529025

Doorify MLS

APN: 0745.01-47-5992-000