NOT LISTED FOR SALE

5026 Red Cedar Rd Raleigh, NC 27613

Falls Lake Neighborhood

Estimated Value: $678,000 - $815,000

3 Beds
3 Baths
2,144 Sq Ft
$341/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $605,000 $282 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,201/month

About This Home

This contemporary home on a private road offers the perfect blend of modern living and natural beauty. It's a retreat where you can immerse yourself in the beauty of the outdoors and savor the comforts of a well-designed luxury home. This 3 bed/3 bath home is steps from a picturesque lake,
offering you a tranquil oasis of comfort and luxury. The house is thoughtfully positioned to maximize privacy, upon entering, you'll be greeted by an open concept living space that exudes warmth and sophistication. Floor-to-ceiling windows and sliding glass doors invites an abundance of natural light, offering breathtaking views with every turn. The living area features a cozy fireplace that flows seamlessly into the dining area and modern kitchen The owner's suite offers a private retreat with its own balcony, a luxurious ensuite bathroom with a soaking tub/shower and a view you must see in person. The two additional bedrooms are equally inviting with one having its own private balcony and ensuite. Outside, awaits the expansive deck and ROOF TOP DECK ideal setting for hosting gatherings, sunbathing and enjoying the views. This home is like living in a magazine, it is a Dream Home.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
Apr 17, 2024
Sold by
Donnie & Cynthia Mcqueen Revocable Trust and Mcqueen Donnie
Bought by
Horvath Richard Daniel
Seller's Agent
Kim Burke
KIM BURKE-SMITH REAL ESTATE &
Buyer's Agent
Kim Pappalardo
Real Broker, LLC
List Price
$699,000
Sold Price
$605,000
Premium/Discount to List
-$94,000
-13.45%
Views
111
Current Estimated Value
$730,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,434
Avg. Annual Appreciation
13.20%
Original Mortgage
$350,000
Outstanding Balance
$344,770
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$385,664

Purchase Details

Closed on
Nov 25, 2020
Sold by
Mcqueen Cynthia Y and Mcqueen Donnie
Bought by
Donnie & Cynthia Mcqueen Revocable Trust

Purchase Details

Closed on
May 22, 2009
Sold by
Westpine Builders Inc
Bought by
Mcqueen Cynthia Y and Mcqueen Donnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,500
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Horvath Richard Daniel $605,000 None Listed On Document
Horvath Richard Daniel $605,000 None Listed On Document
Donnie & Cynthia Mcqueen Revocable Trust -- None Available
Mcqueen Cynthia Y $405,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horvath Richard Daniel $350,000
Closed Horvath Richard Daniel $350,000
Previous Owner Mcqueen Cynthia Y $364,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2024 04/22/24 Sold $605,000 -13.4% $282 / Sq Ft View Prior Sale
04/03/2024 04/03/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $699,000 -- $326 / Sq Ft

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 $4,524 $704,156 $252,350 $451,806
2024 $4,393 $704,156 $252,350 $451,806
2023 $3,576 $456,074 $164,100 $291,974
2022 $3,314 $456,074 $164,100 $291,974
2021 $3,225 $456,074 $164,100 $291,974
2020 $3,171 $456,074 $164,100 $291,974
2019 $3,308 $402,537 $134,550 $267,987
2018 $3,041 $402,537 $134,550 $267,987
2017 $2,882 $402,537 $134,550 $267,987
2016 $2,824 $402,537 $134,550 $267,987
2015 $2,538 $362,561 $120,225 $242,336
2014 $2,406 $362,561 $120,225 $242,336
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kim Burke

    KIM BURKE-SMITH REAL ESTATE &

    (919) 264-9683

    1 in this area

    37 Total Sales

    Kim Burke
    Section Image
  • Kim Pappalardo

    Buyer's Agent in 2024

    Kim Pappalardo

    Real Broker, LLC

    (919) 608-2085

    9 in this area

    226 Total Sales

    Kim Pappalardo
    Section Image

  • K

    Buyer's Agent in 2024

    Kimberly Pappalardo

    Keller Williams Preferred Realty

See All Agents

Map

North Carolina Wake County Raleigh 27613 Falls Lake

5026 Red Cedar Rd, Raleigh, NC

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