NOT LISTED FOR SALE

2048 Reserve Falls Ln Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $1,048,789 - $1,127,000

4 Beds
4 Baths
3,498 Sq Ft
$312/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $980,534 $280 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,359/month

Highlights

  • Home Theater
  • New Construction
  • Family Room with Fireplace
  • North Forest Pines Elementary School Rated A
  • Two Primary Bedrooms
  • Recreation Room

About This Home

As of December 2022

10' Ceilings & HWD Flrs thru Main Living! Kit: Painted Cabs w/Soft Close, Quartz Ctops, Tile Backsplash, Dbl Pull Trashcan Drawer, SingleBwlSink w/PullOut Faucet, SS Appls Incl 36"Cooktop/WallOven, MW & DW, Cstm Island w/Quartz! Master: Trey Ceiling w/Crown& Accent Walls! MBath: Tile Floor, Dual Vanity w/Quartz, ZeroEntry Walk in Shower w/Tile Srrnd & Frameless Glass & Walk in Closet! FamRm: Cstm Accent Beam Ceiling, Stone Srrnd Gas Log FP w/Built Ins & Cstm Oak Cab Top & 12' Slider to Scrnd Porch w/FP!

Last Agent to Sell the Property

Jim Allen

Coldwell Banker HPW License #126077 Listed on: 12/30/2021

Last Buyer's Agent

Jim Allen

Prudential York Simpson Underwood Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,802

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 1.14 Acre Lot
  • Brick Fence
  • Corner Lot
  • Landscaped with Trees

HOA Fees

  • $88 Monthly HOA Fees

Parking

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

Home Design

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

Interior Spaces

  • 3,498 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Stone Fireplace
  • Propane Fireplace
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Home Theater
  • Home Office
  • Recreation Room
  • Loft
  • Bonus Room
  • Screened Porch
  • Storage
  • Utility Room
  • Crawl Space
  • Unfinished Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Double Master Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • 4 Full Bathrooms
  • Private Water Closet
  • Soaking Tub
  • Shower Only
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Patio
  • Outdoor Fireplace
  • Rain Gutters

Schools

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

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Propane
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • High Speed Internet

Community Details

  • Association fees include storm water maintenance
  • Waterstone Reserve Poa
  • Built by Ken Harvey Homes
  • Waterstone Reserve Subdivision, Ashley Floorplan

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,802

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$88 per month

Parking

3

Listing Details

  • Builder Name: Ken Harvey Homes
  • Builder Model: Ashley
  • Year Built: 2022
  • Prop. Type: Residential
  • Reso Association Fee Includes: Storm Water Maintenance
  • Subdivision Name: Waterstone Reserve
  • Above Grade Finished Sq Ft: 3498.0
  • Architectural Style: Farmhouse, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 240.0
  • General Property Information Total Unfinished Area2: 240.0
  • 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
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: 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
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2022-08-01
  • Architectural Style Farm House: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Lot Features Hardwood Trees: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Bonus Room: Yes
  • Room Types Den2: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Loft: Yes
  • Room Types Utility Room: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Fencing Brick3: Yes
  • Room Types Recreation Room3: Yes
  • Attic Features Unfinished2: Yes
  • Interior Features Second Primary Bedroom: Yes
  • Room Types Mud Room: Yes
  • Room Types Media Room: Yes
  • General Property Information Above Grade Finished Area: 3498.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 49658.4
  • General Property Information Lot Size Acres: 1.14
  • General Property Information Builder Name: Ken Harvey Homes
  • General Property Information Builder Model: Ashley
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bookcases, Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Ceilings, High Speed Internet, In-Law Floorplan, Pantry, Primary Downstairs, Quartz Counters, Second Primary Bedroom, Shower Only, Soaking Tub, Storage, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet
  • Basement: Crawl Space
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Water Heater, Microwave, Range Hood, Tankless Water Heater, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log, Outside, Propane, Sealed Combustion, Stone
  • Fireplaces: 2
  • Total Bedrooms: 10
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: 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
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Outside: Yes
  • Fireplace Features:Propane: Yes
  • Fireplace Features:Sealed Combustion: Yes
  • Fireplace Features:Stone3: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Quartz Counters: Yes
  • Interior Features:Storage3: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Bookcases: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:High Speed Internet: Yes
  • Attic Features:Walk-In Attic: Yes
  • Interior Features:In-Law Floorplan: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Exterior Features: Rain Gutters
  • Fencing: Brick
  • Acres: 1.14
  • Construction Type: Board & Batten Siding, Brick
  • Patio And Porch Features: Covered, Patio, Porch, Screened
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Construction Materials:Board Batten Siding: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Corner Lot: 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 Front, 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 Front: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

  • Heating: Electric, Forced Air, Propane
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes
  • Heating:Propane2: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 1056.0
  • Association Fee Frequency: Annually
  • Association Name: Waterstone Reserve POA
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Waterstone Reserve POA
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 1056.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Dimensions: see survey
  • Lot Size Sq Ft: 49658.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Thermostat: Yes

MLS Schools

  • Elementary School: Wake - N Forest Pines

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2021
Closed on
Dec 9, 2022
Sold by
Ken Harvey Homes Llc
Bought by
Irby Beauford Debra Denise and Beauford Patrick X
Seller's Agent
Jim Allen
Coldwell Banker HPW
Buyer's Agent
Jim Allen
Daughtry Realty
List Price
$923,650
Sold Price
$980,534
Premium/Discount to List
$56,884
6.16%
Current Estimated Value
$1,091,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,913
Avg. Annual Appreciation
3.89%
Original Mortgage
$738,920
Outstanding Balance
$707,581
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$383,866
Source: Public Records

Range of Values:

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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
Irby Beauford Debra Denise $981,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Irby Beauford Debra Denise $738,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $980,534 -- --
12/09/2022 12/09/22 Sold $980,534 +6.2% $280 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/29/2021 12/29/21 For Sale $923,650 -- $264 / 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 $5,802 $904,046 $172,000 $732,046
2024 $5,634 $904,046 $172,000 $732,046
2023 $4,565 $582,938 $140,000 $442,938
2022 $1,011 $140,000 $140,000 $0
2021 $984 $140,000 $140,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Allen

    Seller's Agent in 2022

    Jim Allen

    Coldwell Banker HPW

    (919) 845-9909

    460 in this area

    4,831 Total Sales

    Jim Allen
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Map

Source: Doorify MLS

MLS Number: 2424686

Doorify MLS

APN: 1821.03-42-6874-000

North Carolina Wake County Wake Forest 27587 Falls Lake

2048 Reserve Falls Ln, Wake Forest, NC

This home is located at 2048 Reserve Falls Ln, Wake Forest, NC 27587 since 30 December 2021 and is currently estimated at $1,091,447, approximately $312 per square foot. This property was built in 2022. 2048 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.

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 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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