NOT LISTED FOR SALE

231 Bishop Falls Rd Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $1,020,000 - $1,159,090

5 Beds
4 Baths
4,282 Sq Ft
$256/Sq Ft Est. Value

About This Home

This home is located at 231 Bishop Falls Rd, Wake Forest, NC 27587 and is currently estimated at $1,096,023, approximately $255 per square foot. 231 Bishop Falls Rd is a home located in Wake County with nearby schools including Forest Pines Drive Elementary School, Wake Forest-Rolesville Middle School, and Wake Forest High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2020
Sold by
Spelgatti Lew P and Spelgatti Hong T
Bought by
Billand Michael Kenneth and Billand Katherine E
Current Estimated Value
$1,096,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Outstanding Balance
$452,946
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$643,077

Purchase Details

Closed on
Apr 6, 2020
Sold by
Spelgatti Lew P and Spelgatti Hong T
Bought by
Spelgatti Lew P and Spelgatti Hong T

Purchase Details

Closed on
Sep 26, 2018
Sold by
Exeter Building Company Llc
Bought by
Spelgatti Lew P and Spelgatti Hong T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,800
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 20, 2017
Sold by
E Hunt Iii Llc
Bought by
Exeter Building Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.9%
Mortgage Type
Commercial
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
Billand Michael Kenneth $735,000 None Available
Spelgatti Lew P -- None Available
Spelgatti Lew P $704,000 None Available
Exeter Building Company Llc $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Billand Michael Kenneth $510,400
Previous Owner Spelgatti Lew P $492,800
Previous Owner Exeter Building Company Llc $525,000
Source: Public Records

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 $10,079 $1,048,776 $180,000 $868,776
2024 $10,041 $1,048,776 $180,000 $868,776
2023 $8,344 $716,316 $130,000 $586,316
2022 $8,003 $716,316 $130,000 $586,316
2021 $7,863 $716,316 $130,000 $586,316
2020 $7,709 $702,186 $130,000 $572,186
2019 $8,787 $706,610 $102,000 $604,610
2018 $2,890 $246,100 $102,000 $144,100
Source: Public Records

Map

North Carolina Wake County Wake Forest 27587 Falls Lake

231 Bishop Falls Rd, Wake Forest, NC

This home is located at 231 Bishop Falls Rd, Wake Forest, NC 27587 and is currently estimated at $1,096,023, approximately $255 per square foot. 231 Bishop Falls Rd is a home located in Wake County with nearby schools including Forest Pines Drive Elementary School, Wake Forest-Rolesville Middle School, and Wake Forest 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.

Nearby Homes