NOT LISTED FOR SALE

3516 Purnell Rd Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $822,000 - $910,302

4 Beds
3.5 Baths
3,347 Sq Ft
$258/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $801,565 $239 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,053/month

Highlights

  • New Construction
  • 2.14 Acre Lot
  • Main Floor Primary Bedroom
  • North Forest Pines Elementary School Rated A
  • Colonial Architecture
  • 1 Fireplace

About This Home

As of February 2022

Custom two-story home site sits on a 2.141 AC within 20 miles of downtown Raleigh, lot sits next to a well stablished neighborhood, minutes from shopping, dining, parks. This expansive floor plan, open kitchen with granite counters and stainless-steel appliances, dining & living areas. Fam. room features a fireplace, built-ins, screened porch & deck opens to serene landscape. Master bedroom features a private WIC, large bathtub, shower. 3 upstairs bedrooms, oversized rec room with loads of storage. Enjoy!

Last Agent to Sell the Property

Christina Drumgo

NorthGroup Real Estate, Inc. License #322105 Listed on: 12/18/2021

NorthGroup Real Estate, Inc.

Last Buyer's Agent

Mary Smyth

RE/MAX Capital License #279240

RE/MAX Capital

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,000

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 2.14 Acre Lot

Parking

  • 4 Car Garage

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Frame Construction
  • Board and Batten Siding

Interior Spaces

  • 3,347 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Crawl Space

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Built by J&W Custom Homes, LLC

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,000

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

4

Listing Details

  • Builder Name: J&W Custom Homes, LLC
  • Year Built: 2021
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 3347.0
  • Architectural Style: Colonial, Contemporary
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See survey
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Flooring Luxury Vinyl: Yes
  • Structure Type Site Built: Yes
  • Contract Information Estimated Completion Date: 2022-02-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Primary Bedroom Level: M
  • Architectural Style Colonial: Yes
  • Architectural Style Contemporary: Yes
  • General Property Information Above Grade Finished Area: 3347.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 93261.96
  • General Property Information Lot Size Acres: 2.141
  • General Property Information Builder Name: J&W Custom Homes, LLC
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl
  • Basement: Crawl Space
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Total Bedrooms: 9
  • Basement:Crawl Space: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 2.14
  • Construction Type: Board & Batten Siding, Fiber Cement
  • Construction Materials:Fiber Cement: Yes
  • Construction Materials:Board Batten Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Garage
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 4.0

Utilities

  • Heating: Electric, Forced Air, Heat Pump, Propane
  • Cooling: Heat Pump, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Propane2: Yes

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Dimensions: See survey
  • Lot Size Sq Ft: 93261.96
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6000.0

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2021
Closed on
Feb 24, 2022
Sold by
Billiter John P
Bought by
Happy Place Land Trust
Seller's Agent
Christina Drumgo
NorthGroup Real Estate, Inc.
Buyer's Agent
Mary Smyth
RE/MAX Capital
List Price
$699,900
Sold Price
$801,565
Premium/Discount to List
$101,665
14.53%
Current Estimated Value
$864,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,261
Avg. Annual Appreciation
1.49%
Original Mortgage
$641,252
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 18, 2021
Closed on
Feb 9, 2022
Sold by
J & W Custom Homes Llc
Bought by
Billiter John P
Seller's Agent
Christina Drumgo
NorthGroup Real Estate, Inc.
Buyer's Agent
Mary Smyth
RE/MAX Capital
List Price
$699,900
Sold Price
$801,565
Premium/Discount to List
$101,665
14.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,252
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2021
Sold by
Bailey Carlton L and Bailey Dorothy F
Bought by
J & W Custom Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
3.1%
Mortgage Type
Construction
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
Happy Place Land Trust -- Strauss Attorneys Pllc
Billiter John P $802,000 Newman & Newman Pllc
J & W Custom Homes Llc $97,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Billiter John P $641,252
Previous Owner J & W Custom Homes Llc $97,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $801,565 -- --
02/23/2022 02/23/22 Sold $801,565 +14.5% $239 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
12/17/2021 12/17/21 For Sale $699,900 -- $209 / 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 $5,615 $874,799 $135,600 $739,199
2024 $5,453 $874,799 $135,600 $739,199
2023 $4,248 $542,280 $82,800 $459,480
2022 $2,794 $517,191 $82,800 $434,391
2021 $582 $82,800 $82,800 $0
2020 $572 $82,800 $82,800 $0
2019 $576 $70,520 $70,520 $0
2018 $529 $70,520 $70,520 $0
2017 $501 $70,520 $70,520 $0
2016 $491 $70,520 $70,520 $0
2015 $717 $103,304 $103,304 $0
2014 $680 $103,304 $103,304 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Christina Drumgo

    NorthGroup Real Estate, Inc.

    Section Image
  • Mary Smyth

    Buyer's Agent in 2022

    Mary Smyth

    RE/MAX

    (919) 995-4821

    7 in this area

    68 Total Sales

    Mary Smyth
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2423799

Doorify MLS

APN: 1822.02-65-1179-000

North Carolina Wake County Wake Forest 27587 Falls Lake

3516 Purnell Rd, Wake Forest, NC

This home is located at 3516 Purnell Rd, Wake Forest, NC 27587 since 18 December 2021 and is currently estimated at $864,826, approximately $258 per square foot. This property was built in 2021. 3516 Purnell Rd 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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