NOT LISTED FOR SALE

405 Fallen Elm Ave Cary, NC 27513

North Cary Neighborhood

Estimated Value: $831,000 - $914,000

5 Beds
3.5 Baths
3,700 Sq Ft
$234/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $651,000 $176 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,185/month

1 Day on Market

Highlights

  • Deck
  • Traditional Architecture
  • Bonus Room
  • Reedy Creek Magnet Middle School Rated A
  • Wood Flooring
  • High Ceiling

About This Home

As of May 2021

Beautiful 2 story, 5 bdrm, 3.5 bth in The Retreat at Reedy Creek. First floor features 9ft ceilings with dining room, office, mother-in-law suite, family room with fireplace, gourmet kitchen with granite countertops, stainless steel appliances, gas cooktop and morning room off the kitchen. Second floor master suite with sitting room, garden tub and separate shower, 3 additional bedrooms and bonus room. Fenced in backyard with storage shed. Showings will begin Friday, April 23.

Last Agent to Sell the Property

Lisa Nieman

Brady Realty Group LLC License #295793 Listed on: 04/20/2021

Last Buyer's Agent

ANDREIA Tomos

Choice Residential Real Estate License #199078

Choice Residential Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,939

Year Built

  • Built in 2014

Lot Details

  • 0.28 Acre Lot
  • Fenced Yard

HOA Fees

  • $110 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Private Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 3,700 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Family Room with Fireplace
  • Home Office
  • Bonus Room
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • Separate Shower in Primary Bathroom
  • Bathtub
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Reedy Creek Elementary And Middle School
  • Cary High School

Utilities

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

Community Details

  • Association fees include storm water maintenance
  • Charleston Management Association
  • The Retreat At Reedy Creek Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,939

Year Built

Built in 2014

Lot Details

0

HOA Fees

$110 per month

Parking

2

Listing Details

  • Year Built: 2014
  • Prop. Type: Residential
  • Reso Association Fee Includes: Storm Water Maintenance
  • Subdivision Name: The Retreat at Reedy Creek
  • Above Grade Finished Sq Ft: 3700.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Levels Two: Yes
  • Room Types Bonus Room: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Laundry Features Upper Level: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Interior Features Bathtub Only: Yes
  • General Property Information Above Grade Finished Area: 3700.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 12196.8
  • General Property Information Lot Size Acres: 0.28
  • General Property Information:Living Area3: 3700.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bathtub Only, Eat-in Kitchen, Granite Counters, High Ceilings, In-Law Floorplan, Pantry, Separate Shower, Walk-In Closet(s), Walk-In Shower
  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:In-Law Floorplan: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Fenced Yard
  • Acres: 0.28
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Deck
  • Construction Materials:Fiber Cement: Yes
  • Patio And Porch Features:Deck2: Yes
  • Exterior Features:Fenced - Yard: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Concrete, Driveway, Garage
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • General Property Information:Garage Spaces: 2.0

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

  • Association Fee: 330.0
  • Association Fee Frequency: Quarterly
  • Association Name: Charleston Management
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Charleston Management
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 330.0
  • General Property Information:Association Fee Frequency: Quarterly

Schools

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

Lot Info

  • Lot Dimensions: 0
  • Lot Size Sq Ft: 12196.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4939.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Wake - Reedy Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
May 19, 2021
Sold by
Nieman Bryan and Nieman Lisa
Bought by
Doroftei Andrei Alexandru and Doroftei Ruxandra Raluca
Seller's Agent
Lisa Nieman
Brady Realty Group LLC
Buyer's Agent
ANDREIA Tomos
Choice Residential Real Estate
List Price
$605,000
Sold Price
$651,000
Premium/Discount to List
$46,000
7.6%
Current Estimated Value
$859,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,613
Avg. Annual Appreciation
6.39%
Original Mortgage
$520,800
Outstanding Balance
$394,291
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$472,869

Purchase Details

Closed on
Sep 24, 2014
Bought by
Nieman Bryan and Nieman Lisa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Doroftei Andrei Alexandru $651,000 None Available
Nieman Bryan $413,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doroftei Andrei Alexandru $520,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $651,000 -- --
05/25/2021 05/25/21 Sold $651,000 +7.6% $176 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $605,000 -- $164 / 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 $6,958 $809,436 $136,000 $673,436
2024 $6,807 $809,436 $136,000 $673,436
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lisa Nieman

    Brady Realty Group LLC

    (786) 218-8674

    2 in this area

    10 Total Sales

    Lisa Nieman
    Section Image

  • A

    Buyer's Agent in 2021

    ANDREIA Tomos

    Choice Residential Real Estate

    (919) 306-4185

    1 in this area

    3 Total Sales

    ANDREIA Tomos
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2378871

Doorify MLS

APN: 0764.08-88-7302-000

North Carolina Wake County Cary 27513 North Cary

405 Fallen Elm Ave, Cary, NC

Not Listed for Sale

Detached

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