NOT LISTED FOR SALE

3134 Rapid Falls Rd Cary, NC 27519

Twin Lakes Neighborhood

Estimated Value: $369,000 - $388,000

2 Beds
2.5 Baths
1,591 Sq Ft
$238/Sq Ft Est. Value

Last Sold May 22, 2023

Last sale price $370,000 $233 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,514/month

1 Day on Market

Highlights

  • Clubhouse
  • Vaulted Ceiling
  • Wood Flooring
  • Cedar Fork Elementary Rated A
  • Transitional Architecture
  • Granite Countertops

About This Home

As of May 2023

Beautiful Open floor plan townhome in the heart of RTP. Fireplace in the living. Kitchen with lots cabinets and granite counter tops. Hardwood floors through out 1st floor. 2 spacious bedrooms and 2.5 bath with loft or flex space. Good starter or investment home. Amenities include clubhouse, swimming pool with water slide, tennis court, sand volley ball court, kids play area. Excellent location. close to lots of shopping and restaurants. Minutes to new Wegman's. Easy access to RTP, Davis Drive, I-540 and I-40 and Airport.

Last Agent to Sell the Property

Lakshmi Naresh Kosaraju

Truval Realty LLC License #294037 Listed on: 04/15/2023

Last Buyer's Agent

Gretchen Coley

Compass -- Raleigh License #209948

Compass -- Raleigh

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,297

Year Built

  • Built in 2007

Lot Details

  • 1,307 Sq Ft Lot
  • Landscaped

HOA Fees

Parking

  • Assigned Parking

Home Design

  • Transitional Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,591 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Screen For Fireplace
  • Gas Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Laundry on upper level

Kitchen

  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Bathtub with Shower

Attic

  • Pull Down Stairs to Attic
  • Unfinished Attic

Home Security

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure
  • Elite Management Association, Phone Number (919) 233-7660
  • Twin Lakes Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,297

Year Built

Built in 2007

Lot Details

0

HOA Fees

$248 per month

Listing Details

  • Year Built: 2007
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Subdivision Name: Twin Lakes
  • Above Grade Finished Sq Ft: 1591.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Townhouse
  • General Property Information Lot Size Dimensions: See Recorded Plat Map
  • 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
  • Interior Features BathtubShower Combination: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: 2
  • Flooring Vinyl: Yes
  • Interior Features LivingDining Room Combination: Yes
  • Laundry Features Upper Level: Yes
  • General Property Information Association Phone: (919) 233-7660
  • Laundry Features Laundry Closet: Yes
  • Fireplace Features Fireplace Screen: Yes
  • General Property Information Association Name 2: Elite Management
  • Attic Features Unfinished2: Yes
  • General Property Information Above Grade Finished Area: 1591.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 1306.8
  • General Property Information Lot Size Acres: 0.03
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Carpet, Hardwood, Tile, Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Living/Dining Room Combination, Pantry, Smooth Ceilings, Storage, Tile Counters, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave, Plumbed For Ice Maker
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Family Room, Fireplace Screen, Gas
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Community Features:Pool2: 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:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Gas4: Yes
  • Interior Features:Tile Counters: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:High Speed Internet: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.03
  • Construction Type: Brick, Fiber Cement
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Blinds: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Association #2 Fee: 210.0
  • Association #2 Fee Frequency: Quarterly
  • Association Fee: 177.5
  • Association Fee Frequency: Monthly
  • Association: Elite Management
  • Association Name: Elite Management
  • Phone: 919-233-7660
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Elite Management
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 177.5
  • General Property Information:Association Fee Frequency: Monthly
  • General Property Information:Association Fee 2: 210.0
  • General Property Information:Association Fee 2 Frequency: Quarterly

Schools

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

Lot Info

  • Zoning: RMFP
  • Lot Dimensions: See Recorded Plat Map
  • Lot Size Sq Ft: 1306.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2297.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - Cedar Fork

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2019
Sold by
Rajan Sunil and Rajan Sindhu
Bought by
Vadlamudi Srinivasa B
Current Estimated Value
$378,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,400
Outstanding Balance
$166,755
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$211,696

Purchase Details

Closed on
Sep 29, 2016
Sold by
Brown Michael J and Brown Adriane
Bought by
Rajan Sunil and Rajan Sinfhu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2007
Sold by
Kb Home Raleigh Durham Inc
Bought by
Brown Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,808
Interest Rate
6.55%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Vadlamudi Srinivasa B $238,000 None Available
Vadlamudi Srinivasa B $238,000 None Listed On Document
Rajan Sunil $194,000 None Available
Brown Michael J $195,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vadlamudi Srinivasa B $190,400
Closed Vadlamudi Srinivasa B $190,400
Previous Owner Rajan Sunil $155,200
Previous Owner Brown Michael J $194,808
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $370,000 -- --
05/22/2023 05/22/23 Sold $370,000 0.0% $233 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $369,900 -- $232 / 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 $3,116 $361,272 $90,000 $271,272
2024 $3,049 $361,272 $90,000 $271,272
2023 $2,416 $239,159 $63,000 $176,159
2022 $2,298 $236,141 $63,000 $173,141
2021 $2,252 $236,141 $63,000 $173,141
2020 $2,263 $236,141 $63,000 $173,141
2019 $1,928 $178,173 $50,000 $128,173
2018 $1,810 $178,173 $50,000 $128,173
2017 $1,739 $178,173 $50,000 $128,173
2016 $1,714 $178,173 $50,000 $128,173
2015 $1,663 $166,853 $38,000 $128,853
2014 $1,568 $166,853 $38,000 $128,853
Source: Public Records

Agents Affiliated with this Home

  • Lakshmi Naresh Kosaraju

    Seller's Agent in 2023

    Lakshmi Naresh Kosaraju

    Truval Realty LLC

    (630) 667-7713

    1 in this area

    153 Total Sales

    Lakshmi Naresh Kosaraju
    Section Image
  • Gretchen Coley

    Buyer's Agent in 2023

    Gretchen Coley

    Compass -- Raleigh

    (919) 526-0401

    2 in this area

    1,079 Total Sales

    Gretchen Coley
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2505290

Doorify MLS

APN: 0745.01-48-4415-000

North Carolina Wake County Cary 27519 Twin Lakes

3134 Rapid Falls Rd, Cary, NC

This home is located at 3134 Rapid Falls Rd, Cary, NC 27519 since 15 April 2023 and is currently estimated at $378,451, approximately $237 per square foot. This property was built in 2007. 3134 Rapid Falls Rd is a home located in Wake County with nearby schools including Cedar Fork Elementary, West Cary Middle School, and Panther Creek 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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