NOT LISTED FOR SALE

Estimated Value: $585,000 - $718,000

3 Beds
1 Bath
1,707 Sq Ft
$377/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $658,665 $386 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,740/month

9 Days on Market

Highlights

  • Waterfront
  • 3.5 Acre Lot
  • Workshop
  • Millbrook High School Rated A-
  • Craftsman Architecture
  • Enclosed Patio or Porch

About This Home

As of February 2024

***OFFER DEADLINE MONDAY 11/13, 12 NOON***Unique lakefront home is ready for your imagination and remodel! Situated on 3.5 acres, mins to DT Raleigh & the beltline, located in the charming neighborhood of Timberlake Estates. Comprising three separate buildings—the main house, a detached "art studio," and a snug 1-bedroom cottage, the estate is seamlessly interconnected by a breezeway, fostering an intimate connection between each space inviting residents and guests to partake in the property's natural. A flagstone courtyard serves as a central hub, the broad overhangs and covered porches seamlessly blending indoor and outdoor living and encouraging a harmonious coexistence with the surrounding landscape. With every corner designed to celebrate the enchanting outdoors, this property promises a harmonious sanctuary for those seeking solace and inspiration amidst nature's embrace. While it currently requires extensive renovation and revitalization, its inherent 'good bones' hint at the promise of a remarkable transformation into a rare and stunning living space that marries modern luxury with its original character.

Last Agent to Sell the Property

Jennie Zdenek

Providence Realty Group LLC License #269907 Listed on: 11/04/2023

Last Buyer's Agent

Beth Smoot

NextHome Triangle Properties License #196153

NextHome Triangle Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,123

Year Built

  • Built in 1927

Lot Details

  • 3.5 Acre Lot
  • Waterfront
  • Property fronts a private road
  • Garden

HOA Fees

  • $43 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Stone Foundation
  • Wood Siding

Interior Spaces

  • 1,707 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Breakfast Room
  • Workshop
  • Utility Room
  • Water Views
  • Scuttle Attic Hole
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite
  • 1 Full Bathroom
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Laundry Located Outside

Unfinished Basement

  • Heated Basement
  • Partial Basement
  • Exterior Basement Entry
  • Workshop
  • Laundry in Basement

Parking

  • Parking Pad
  • Circular Driveway
  • Gravel Driveway

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Electric Water Heater

Community Details

  • Association fees include road maintenance
  • Wake HOA Mgt Association
  • Timberlake Estates Subdivision

Listing and Financial Details

  • Auction
  • Property held in a trust

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,123

Year Built

Built in 1927

Lot Details

0

HOA Fees

$43 per month

Listing Details

  • Year Built: 1927
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Reso Association Fee Includes: Road Maintenance
  • Subdivision Name: Timberlake Estates
  • Above Grade Finished Sq Ft: 1707.0
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 1350.0
  • General Property Information Below Grade Unfinished Area: 579.0
  • General Property Information Total Unfinished Area2: 1929.0
  • General Property Information Lot Size Dimensions: see plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Water Source Well: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Vinyl: Yes
  • Interior Features LivingDining Room Combination: Yes
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Architectural Style Craftsman: Yes
  • Attic Features Scuttle: Yes
  • Room Types Workshop2: Yes
  • Basement Heated3: Yes
  • Basement Workshop3: Yes
  • Interior Features ApartmentSuite: Yes
  • Laundry Features In Basement: Yes
  • In-Law Suite Details Separate Building: Yes
  • Lot Water Features Water View: Yes
  • Lot Water Features Waterfront3: Yes
  • General Property Information Above Grade Finished Area: 1707.0
  • General Property Information Carport YN: No
  • Laundry Features Outside2: Yes
  • Foundation Details Stone2: Yes
  • Special Circumstances Auction2: Yes
  • Special Listing Conditions Trust: Yes
  • General Property Information Lot Size Square Feet2: 152460.0
  • General Property Information Lot Size Acres: 3.5
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Vinyl
  • Interior Amenities: Apartment/Suite, Eat-in Kitchen, Entrance Foyer, Living/Dining Room Combination, Walk-In Shower
  • Basement: Exterior Entry, Heated, Partial, Unfinished, Workshop
  • Appliances: Electric Water Heater
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Total Bedrooms: 5
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Walk-In Shower: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Electric Water Heater: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Unfinished: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Basement:Partial: Yes

Exterior Features

  • Water Body Name: Timberlake Lower Lake
  • Acres: 3.5
  • Waterfront: Yes
  • Construction Type: Wood Siding
  • Foundation Details: Stone
  • Patio And Porch Features: Covered, Enclosed, Porch
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Lot Features:Garden2: Yes
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Enclosed2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Circular Driveway, Driveway, Gravel, Parking Pad
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Parking Pad: Yes
  • Parking Features:Circular Driveway: Yes

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 510.0
  • Association Fee Frequency: Annually
  • Association Name: Wake HOA Mgt
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Wake HOA Mgt
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 510.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Dimensions: see plat
  • Lot Size Sq Ft: 152460.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2123.0

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2023
Closed on
Jan 15, 2024
Sold by
Schwall Karen L and Schwall Kristin Katherine
Bought by
Fran Robertson Building With Design Llc
Seller's Agent
Jennie Zdenek
Providence Realty Group LLC
Buyer's Agent
Beth Smoot
NextHome Triangle Properties
List Price
$549,000
Sold Price
$658,665
Premium/Discount to List
$109,665
19.98%
Views
237
Current Estimated Value
$643,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,682
Avg. Annual Appreciation
-1.35%

Purchase Details

Closed on
May 14, 2021
Sold by
Schwall Karen L
Bought by
Schwall Kristin Katherine

Purchase Details

Closed on
May 31, 2006
Sold by
Schwall Eric E and Schwall Helen L
Bought by
Schwall Karen L

Purchase Details

Closed on
Oct 29, 2002
Sold by
Schwall Kathryn F
Bought by
Schwall Eric E and Schwall Karen L
Source: Public Records

Range of Values:

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Average Value
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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
Fran Robertson Building With Design Llc $659,000 None Listed On Document
Schwall Kristin Katherine -- None Available
Schwall Karen L -- None Available
Schwall Eric E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $658,665 +20.0% $386 / Sq Ft
12/16/2023 12/16/23 Off Market $549,000 -- --
11/13/2023 11/13/23 Pending -- -- --
11/04/2023 11/04/23 For Sale $549,000 -- $322 / 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 $3,399 $525,209 $216,000 $309,209
2024 $3,302 $525,209 $216,000 $309,209
2023 $2,123 $267,198 $75,000 $192,198
2022 $1,970 $267,198 $75,000 $192,198
2021 $1,918 $267,198 $75,000 $192,198
2020 $1,886 $267,198 $75,000 $192,198
2019 $1,884 $225,793 $82,500 $143,293
2018 $1,734 $225,793 $82,500 $143,293
2017 $1,645 $225,793 $82,500 $143,293
2016 $1,613 $225,793 $82,500 $143,293
2015 $1,563 $219,298 $78,000 $141,298
2014 $1,483 $219,298 $78,000 $141,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2540636

Doorify MLS

APN: 1724.05-18-9305-000