NOT LISTED FOR SALE

2428 E Lake Dr Raleigh, NC 27609

Fallon Park Neighborhood

Estimated Value: $2,557,000 - $2,764,000

6 Beds
5.5 Baths
6,450 Sq Ft
$413/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $2,100,000 $326 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $16,008/month

58 Days on Market

Highlights

  • 0.93 Acre Lot
  • Deck
  • Main Floor Bedroom
  • Root Elementary School Rated A
  • Radiant Floor
  • 1 Fireplace

About This Home

As of December 2023

"We should learn from the snail: it has devised a home that is both exquisite and functional." -Frank Lloyd Wright Come inside this hillside retreat nestled in the heart of Raleigh. This home is made for a buyer who appreciates craftsmanship and quality throughout. Distinctive architecture and stunning woodwork bring the outside in. Entertain with the easy flow of the main floor, get cozy in the office/den overlooking mature trees, host your closest friends on the huge patio or sunroom with wine from your 2000 bottle custom conditioned wine cellar, escape to your private primary suite or play in the huge refinished recreation area on the lower level. This home exudes warmth throughout, is move in ready and waiting for new memories to be made! **Don't miss the 3D IGuide Tour linked**

Last Agent to Sell the Property

Jamie Buckley

Berkshire Hathaway HomeService License #281032 Listed on: 09/16/2023

Berkshire Hathaway HomeService

Last Buyer's Agent

Non Member

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,978

Year Built

  • Built in 1993

Lot Details

  • 0.93 Acre Lot
  • Irrigation Equipment
  • Property is zoned R2

Parking

  • 3 Car Garage
  • Parking Pad
  • Workshop in Garage
  • Side Facing Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • 1 Fireplace
  • Entrance Foyer
  • Family Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Workshop
  • Sun or Florida Room
  • Storage
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Electric Cooktop
  • Warming Drawer
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Radiant Floor

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Double Vanity
  • Private Water Closet
  • Bathtub with Shower
  • Walk-in Shower

Attic

  • Attic Floors
  • Pull Down Stairs to Attic

Finished Basement

  • Interior Basement Entry
  • Workshop
  • Laundry in Basement

Home Security

  • Home Security System
  • Smart Lights or Controls
  • Intercom
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Porch

Schools

  • Root Elementary School
  • Oberlin Middle School
  • Broughton High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Power Generator
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by Durham Potter Builders Unlimited
  • Anderson Heights Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,978

Year Built

Built in 1993

Lot Details

0

Parking

3

Listing Details

  • Builder Name: Durham Potter Builders Unlimited
  • Year Built: 1993
  • Prop. Type: Residential
  • Subdivision Name: Anderson Heights
  • Above Grade Finished Sq Ft: 5127.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 33.0
  • General Property Information Below Grade Unfinished Area: 1553.0
  • General Property Information Total Unfinished Area2: 1586.0
  • General Property Information Lot Size Dimensions: see plat map
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Wall Oven: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features Water Closet: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Cooling:Electric: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: 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 Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: 2
  • Room Types Bedroom 5 Level: 2
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Utilities Cable Available: Yes
  • Room Types Sunroom: Yes
  • Security Features Security System: Yes
  • Levels Three Or More: Yes
  • Room Types Workshop2: Yes
  • Other Equipment Intercom: Yes
  • Basement Workshop3: Yes
  • Laundry Features In Basement: Yes
  • Other Equipment Irrigation Equipment: Yes
  • General Property Information Above Grade Finished Area: 5127.0
  • General Property Information Below Grade Finished Area: 1323.0
  • General Property Information Carport YN: No
  • Other Equipment Generator: Yes
  • General Property Information Lot Size Square Feet2: 40510.8
  • General Property Information Lot Size Acres: 0.93
  • General Property Information Builder Name: Durham Potter Builders Unlimited
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Smart Light(s), Smooth Ceilings, Storage, Walk-In Closet(s), Walk-In Shower, Water Closet, Wet Bar
  • Basement: Finished, Interior Entry, Workshop
  • Appliances: Dishwasher, Electric Cooktop, Electric Water Heater, Refrigerator, Wall Oven, Warming Drawer
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1323.0
  • Fireplaces: 1
  • Total Bedrooms: 16
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Cooktop: Yes
  • Basement:Interior Entry: Yes
  • Interior Features:Wet Bar: Yes
  • Attic Features:Floored: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement Finished: Yes
  • Appliances:Warming Drawer: Yes
  • Interior Features:Smart Light(s)2: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Balcony, Lighting, Rain Gutters
  • Acres: 0.93
  • Construction Type: Brick
  • Patio And Porch Features: Deck, Patio, Porch
  • Exterior Features:Rain Gutters: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Brick: Yes
  • Window Features:Skylight(s): Yes
  • Exterior Features:Lighting: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Garage, Garage Faces Side, Parking Pad, Workshop in Garage
  • Parking Features:Garage: Yes
  • Parking Features:Garage Faces Side: Yes
  • Parking Features:Parking Pad: Yes
  • Parking Features:Workshop in Garage: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Forced Air, Radiant Floor, Zoned
  • Cooling: Electric, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Zoned2: Yes
  • Heating:Radiant Floor: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Broughton
  • Middle Or Junior School: Wake - Oberlin

Lot Info

  • Zoning: R2
  • Lot Dimensions: see plat map
  • Lot Size Sq Ft: 40510.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 15978.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Wake - Root

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

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Sold $2,100,000 -16.0% $326 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
10/23/2023 10/23/23 Price Changed $2,500,000 -7.4% $388 / Sq Ft
09/16/2023 09/16/23 For Sale $2,699,999 -- $419 / 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 $19,266 $2,229,990 $836,000 $1,393,990
2024 $17,870 $2,055,275 $836,000 $1,219,275
2023 $15,979 $1,464,119 $483,000 $981,119
2022 $14,844 $1,464,119 $483,000 $981,119
2021 $14,266 $1,464,119 $483,000 $981,119
2020 $14,005 $1,464,119 $483,000 $981,119
2019 $18,059 $1,556,578 $480,000 $1,076,578
2018 $17,027 $1,556,578 $480,000 $1,076,578
2017 $16,213 $1,556,578 $480,000 $1,076,578
2016 $15,878 $1,556,578 $480,000 $1,076,578
2015 $19,031 $1,835,887 $729,300 $1,106,587
2014 $18,045 $1,835,887 $729,300 $1,106,587
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jamie Buckley

    Berkshire Hathaway HomeService

    (919) 601-2592

    1 in this area

    37 Total Sales

    Jamie Buckley
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non Member Office

See All Agents

Map

Source: Doorify MLS

MLS Number: 2532586

Doorify MLS

APN: 1705.19-52-1178-000

North Carolina Wake County Raleigh 27609 Fallon Park

2428 E Lake Dr, Raleigh, NC

This home is located at 2428 E Lake Dr, Raleigh, NC 27609 since 16 September 2023 and is currently estimated at $2,663,836, approximately $412 per square foot. This property was built in 1993. 2428 E Lake Dr is a home located in Wake County with nearby schools including Root Elementary School, Oberlin Middle School, and Broughton Magnet 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.

Nearby Homes