NOT LISTED FOR SALE

2040 Reserve Falls Ln Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $1,179,000 - $1,504,000

4 Beds
4 Baths
3,801 Sq Ft
$363/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2024

Last sale price $1,420,000 $374 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $8,275 / mo

25 Days on Market

Highlights

  • Heated In Ground Pool
  • Recreation Room
  • Transitional Architecture
  • North Forest Pines Elementary School Rated A
  • Partially Wooded Lot
  • Cathedral Ceiling

About This Home

As of September 2024

Welcome home to this stunning 4 bd, 4 ba, 3 car garage beauty nestled in the highly sought after Waterstone Reserve neighborhood. The 1st flr features both an owner's ste and guest ste. w/ hrdwd flrs & rich trim details throughout. Gourmet kitchen w/ SS modern appliances, gas cooktop, wall oven/microwave, fridge, cstm cabs, quartz ctops & elegant lighting fixtures. Spacious family rm, brkfst area & dining allow for plenty of entertaining. Upstairs you will find 2 add'l bdrms, rec room, study and two sizeable unfinished storage areas. This gorgeous property sits on 1.29 acres & includes a salt water pool w/ Ivory Italian Limestone pool deck, oversized hot tub (fits 10-12), fire pit, scrn porch w/fireplace, meticulous maintained landscaping w/ landscape lighting, fenced in regenerative organic garden, site built storage shed & expanded driveway for add'l parking.

Last Agent to Sell the Property

Jeremy Carroll

Treeline Properties & Realty License #244679 Listed on: 07/11/2024

Last Buyer's Agent

Sudie Wagner

Daughtry Realty License #170647

Daughtry Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,913

Year Built

  • Built in 2022

Lot Details

  • 1.29 Acre Lot
  • Back Yard Fenced
  • Landscaped
  • Partially Wooded Lot

HOA Fees

  • $105 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Pad
  • Garage Door Opener

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Farmhouse Style Home
  • Brick Foundation
  • Stone Foundation
  • Batts Insulation
  • Architectural Shingle Roof
  • Stone Veneer

Interior Spaces

  • 3,801 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Drapes & Rods
  • Blinds
  • Sliding Doors
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Recreation Room
  • Screened Porch
  • Utility Room
  • Unfinished Attic

Kitchen

  • Butlers Pantry
  • Built-In Oven
  • Gas Cooktop
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • 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
  • Double Vanity
  • Separate Shower in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Sink Near Laundry

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Waterfall Pool Feature

Outdoor Features

  • Fire Pit
  • Exterior Lighting

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Tankless Water Heater
  • Water Softener
  • Septic Tank
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 1821424981

Community Details

Overview

  • Association fees include storm water maintenance
  • Ppm Association, Phone Number (919) 848-4911
  • Waterstone Reserve Subdivision

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,913

Year Built

Built in 2022

Lot Details

1.29 Acres

HOA Fees

$105 per month

Parking

3

Listing Details

  • Year Built: 2022
  • Prop. Type: Residential
  • Road Surface Type: Asphalt
  • Reso Association Fee Includes: Storm Water Maintenance
  • Subdivision Name: Waterstone Reserve
  • Above Grade Finished Sq Ft: 3801.0
  • Architectural Style: Farmhouse, Traditional, Transitional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Wall Oven: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Architectural Style Farm House: 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: Main
  • Room Types Bedroom 3 Level: Second
  • Room Types Bedroom 4 Level: Second
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Main
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Room Types Breakfast Room: Yes
  • Security Features Security System: Yes
  • General Property Information Association Phone: 919-848-4911
  • In-Law Suite Details Main Foor: Yes
  • Room Types Recreation Room3: Yes
  • Foundation Details BrickMortar: Yes
  • Water Softeners: Yes
  • Attic Features Unfinished2: Yes
  • Water Source Community Water: Yes
  • Pool Features In Ground: Yes
  • General Property Information Enhanced Accessible2: No
  • Room Types Mud Room: Yes
  • Room Types Entrance Hall: Yes
  • Pool Features Salt Water: Yes
  • General Property Information Above Grade Finished Area: 3801.0
  • Cooling Ceiling Fan(s): Yes
  • Utilities Electricity Connected: Yes
  • Fencing Back Yard: Yes
  • Roof Architectural Shingle: Yes
  • Utilities Natural Gas Connected: Yes
  • Utilities Septic Connected: Yes
  • Vegetation Partially Wooded: Yes
  • Laundry Features Sink: Yes
  • Pool Features Heated: Yes
  • Foundation Details Stone2: Yes
  • General Property Information Lot Size Square Feet2: 56192.4
  • General Property Information Lot Size Acres: 1.29
  • Pool Features Waterfall2: Yes
  • General Property Information:Living Area3: 3801.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Built-in Features, Butler's Pantry, Cathedral Ceiling(s), Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Double Vanity, Entrance Foyer, Kitchen Island, Pantry, Primary Downstairs, Quartz Counters, Recessed Lighting, Separate Shower, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
  • Appliances: Dishwasher, Gas Cooktop, Ice Maker, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Wall Oven, Water Softener
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Interior Features:Quartz Counters: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Coffered Ceiling(s): Yes
  • Attic Features:Walk-In Attic: Yes
  • Interior Features:Butler_squote_s Pantry: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Crown Molding: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Recessed Lighting: Yes
  • Pool Features:Gunite: Yes

Exterior Features

  • Roof: Architectural Shingle
  • Exterior Features: Fenced Yard, Fire Pit, Lighting
  • Fencing: Back Yard
  • Acres: 1.29
  • Construction Type: Batts Insulation, Fiber Cement, Stone Veneer
  • Foundation Details: Brick/Mortar, Stone
  • Patio And Porch Features: Front Porch, Rear Porch, Screened
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Landscaped: Yes
  • Patio And Porch Features:Screened: Yes
  • Window Features:Blinds: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Exterior Features:Lighting: Yes
  • Construction Materials:Stone Veneer: Yes
  • Exterior Features:Fire Pit: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Window Features:Drapes: Yes
  • Door Features:Sliding Doors: Yes
  • Construction Materials:Batts Insulation: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Open Parking: No
  • Parking Features: Garage, Garage Door Opener, Parking Pad, Paved
  • Total Parking Spaces: 6.0
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Parking Pad: Yes
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Paved2: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 6.0
  • General Property Information:Open Parking YN2: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Septic Connected
  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 1260.0
  • Association Fee Frequency: Annually
  • Association Name: PPM
  • Phone: 919-848-4911
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: PPM
  • Association Amenities:Management: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 1260.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Size Sq Ft: 56192.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 1821424981

Tax Info

  • Tax Annual Amount: 6913.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - N Forest Pines

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Sep 25, 2024
Sold by
Bought by
Seller's Agent
Jeremy Carroll
Treeline Properties & Realty
Buyer's Agent
Sudie Wagner
Daughtry Realty
List Price
$1,459,000
Sold Price
$1,420,000
Premium/Discount to List
-$39,000
-2.67%
Views
35
Current Estimated Value
$1,381,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,618
Avg. Annual Appreciation
-1.43%
Original Mortgage
$710,000
Outstanding Balance
$695,739
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$685,643

Purchase Details

Listed on
May 5, 2022
Closed on
Nov 3, 2022
Sold by
Bought by
Seller's Agent
Jim Allen
Coldwell Banker HPW
Buyer's Agent
Jim Allen
Daughtry Realty
Sold Price
$1,083,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.10%
Original Mortgage
$812,625
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 5, 2022
Closed on
Sep 7, 2022
Sold by
Bought by
Seller's Agent
Jim Allen
Coldwell Banker HPW
Buyer's Agent
Jim Allen
Daughtry Realty
Sold Price
$1,083,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,625
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
2.93%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 22, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
2.93%
Mortgage Type
Construction
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Falls Lake, NC

  • Phillip Johnson Real Estate Agent - EXP Realty LLC

    Phillip Johnson

    EXP Realty LLC

    (984) 224-7192

    43 Total Sales

    3 in Falls Lake

    $925K - $1.3M Price Range

    Phillip Johnson
     Section Image
  • Lindy Mauney Real Estate Agent - EXP Realty LLC

    Lindy Mauney

    EXP Realty LLC

    (984) 205-7303

    66 Total Sales

    2 in Falls Lake

    $1.4M - $1.5M Price Range

    Lindy Mauney
     Section Image
  • Johnathan Howard Real Estate Agent - Berkshire Hathaway HomeService

    Johnathan Howard

    Berkshire Hathaway HomeService

    (833) 359-7791

    61 Total Sales

    3 in Falls Lake

    $273K - $1.1M Price Range

    Johnathan Howard
     Section Image
  • Kim Schweibinz Real Estate Agent - SRD INC.

    Kim Schweibinz

    SRD INC.

    (844) 955-2391

    19 Total Sales

    1 in Falls Lake

    $300,000 Price

    Kim Schweibinz
     Section Image
  • Holly Hayes Real Estate Agent - Nest Realty of the Triangle

    Holly Hayes

    Nest Realty of the Triangle

    (833) 579-2438

    108 Total Sales

    2 in Falls Lake

    $725K - $852K Price Range

    Holly Hayes
     Section Image
  • Elizabeth Cranfill Real Estate Agent - Insight Real Estate

    Elizabeth Cranfill

    Insight Real Estate

    (877) 960-3145

    97 Total Sales

    12 in Falls Lake

    $1.2M - $2M Price Range

    Elizabeth Cranfill
     Section Image
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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
$1,420,000 Market Title
-- None Listed On Document
$1,083,500 --
$320,000 None Available
-- None Available
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 $710,000
Previous Owner $812,625
Previous Owner $120,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2024 09/26/24 Sold $1,420,000 -2.7% $374 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $1,459,000 +34.7% $384 / Sq Ft
12/15/2023 12/15/23 Off Market $1,083,500 -- --
09/09/2022 09/09/22 Sold $1,083,500 -- $285 / Sq Ft View Prior Sale
05/31/2022 05/31/22 Pending -- -- --
Source: Doorify MLS

Tax 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.

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 $7,120 $1,110,070 $193,500 $916,570
2024 $6,914 $1,110,070 $193,500 $916,570
2023 $5,435 $694,502 $157,500 $537,002
2022 $1,204 $166,700 $157,500 $9,200
2021 $1,107 $157,500 $157,500 $0
Source: Public Records

Agents Affiliated with this Home

  • JC

    Seller's Agent in 2024

    Jeremy Carroll

    Treeline Properties & Realty

    (919) 491-4604

    4 in this area

    23 Total Sales

    Jeremy Carroll
    Section Image
  • Sudie Wagner Real Estate Agent - Daughtry Realty

    Buyer's Agent in 2024

    Sudie Wagner

    Daughtry Realty

    (919) 757-5118

    2 in this area

    43 Total Sales

    Sudie Wagner
    Section Image
  • Jim Allen Real Estate Agent - Coldwell Banker HPW

    Seller's Agent in 2022

    Jim Allen

    Coldwell Banker HPW

    (787) 339-9134

    415 in this area

    4,482 Total Sales

    Jim Allen
    Section Image
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Map

Source: Doorify MLS

MLS Number: 10040736

Doorify MLS

APN: 1821.03-42-4981-000

North Carolina Wake County Wake Forest 27587 Falls Lake

2040 Reserve Falls Ln, Wake Forest, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.

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