Heather Donovan
Choice Residential Real Estate
(315) 927-1659
100 Total Sales
1 in Falls Lake
$650,000 Price
512 Tharps Ln Raleigh, NC 27614
Falls Lake NeighborhoodEstimated Value: $1,374,000 - $1,477,000
5
Beds
5.5
Baths
5,325
Sq Ft
$267/Sq Ft
Est. Value
Highlights
- 50 Feet of Waterfront
- Lake On Lot
- Lake View
- Brassfield Elementary School Rated A-
- Pool
- 1.85 Acre Lot
About This Home
As of February 2026NEW PRICING | EXCEPTIONAL WATERFRONT OPPORTUNITY in SWANS MILL OF NORTH RALEIGH. This refined market adjustment creates an even stronger value proposition for buyers seeking a true waterfront lifestyle in North Raleigh. The home reflects extensive, high-quality improvements already completed, allowing future owners to focus primarily on personalization. 1.85-acre retreat offers 5325 sq. ft. of beautifully designed space, 5 bedrooms, 5.5 Bathrooms with an oversized 3 car garage! Blending timeless craftsmanship with thoughtful updates, this custom-built home delivers both luxury and peace of mind. Major upgrades include a new roof in 2019, Sealed crawlspace with dehumidifier, extensive landscaping with new french drainage, updated plumbing, whole house Water filtration system, Reverse Osmosis, irrigation system, 2 HVAC systems replaced 2023-2024, new LIFTMASTER garage door systems, GENERAC generator, GLADIATOR garage shelving, epoxy flooring, CALIFORNIA CLOSET, Extensive Custom Trim and molding, Stained Glass Transom details, updated BALDWIN hinges and doors, new Carpet, fresh paint throughout highlight some of the the home's attention to detail and meticulous care. The heart of the home features the vaulted kitchen with sky lights, huge granite island, double ovens, custom cabinetry, backsplash, under cabinet lighting and 2 pantries an effortless flow for entertaining. Soaring ceilings and walls of windows in the two-story great room flood the home with natural light and frame breathtaking views of the lake. The Sunroom, Dining, living room and a private bedroom with ensuite bathroom complete the main floor. The primary suite is a true sanctuary with a large sitting area with wall of windows with view of the mature landscape, spa-inspired bathroom with large shower, jetted bath, dual vanities and custom California closet. The second floor has an additional 2 large bedrooms each with their own bathroom & walk in closets, spacious Bonus room with wet bar. The 3rd floor offers a private living space including a huge flex space, bedroom and full bathroom- offers unmatched flexibility—ideal for multigenerational living, a guest retreat, or a home-based business. Outdoor living is elevated with a covered Brazilian hardwood deck, cozy Flagstone firepit area, lush landscaping all set against the backdrop of serene lakefront scenery. Conveniently located just minutes from North Hills shopping, dining, and parks, this property offers an unparalleled combination of privacy, luxury, and accessibility-NO CITY TAXES! PROFESSIONALLY MEASURED
Last Agent to Sell the Property
Raleigh Realty Inc. License #317648 Listed on: 11/26/2025
Last Buyer's Agent
Kathy Bennett
Real Broker, LLC - Carolina Collective Realty
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,334
Year Built
- Built in 1995
Lot Details
- 1.85 Acre Lot
- 50 Feet of Waterfront
- Lake Front
- Cul-De-Sac
- Back Yard Fenced
- Front and Back Yard Sprinklers
- Partially Wooded Lot
- Landscaped with Trees
- Grass Covered Lot
HOA Fees
- $150 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Parking Pad
- Side Facing Garage
- Garage Door Opener
- Private Driveway
Property Views
- Lake
- Pond
- Woods
Home Design
- Colonial Architecture
- Transitional Architecture
- Traditional Architecture
- Brick Veneer
- Spray Foam Insulation
- Architectural Shingle Roof
Interior Spaces
- 5,325 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Plumbed for Central Vacuum
- Sound System
- Wired For Data
- Built-In Features
- Bookcases
- Bar Fridge
- Woodwork
- Coffered Ceiling
- Tray Ceiling
- Smooth Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Recessed Lighting
- Raised Hearth
- Gas Log Fireplace
- Bay Window
- Window Screens
- Entrance Foyer
- Family Room with Fireplace
- Great Room with Fireplace
- Living Room
- L-Shaped Dining Room
- Breakfast Room
- Recreation Room
- Bonus Room
- Sun or Florida Room
- Keeping Room
Kitchen
- Eat-In Kitchen
- Built-In Double Convection Oven
- Built-In Gas Oven
- Gas Range
- ENERGY STAR Qualified Refrigerator
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Granite Countertops
- Quartz Countertops
- Disposal
Flooring
- Wood
- Carpet
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Primary bedroom located on second floor
- Walk-In Closet
- Double Vanity
- Private Water Closet
- Separate Shower in Primary Bathroom
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
- Sink Near Laundry
Attic
- Attic Floors
- Pull Down Stairs to Attic
Basement
- Exterior Basement Entry
- French Drain
- Crawl Space
Home Security
- Security System Owned
- Smart Lights or Controls
- Intercom
- Smart Thermostat
- Fire and Smoke Detector
Pool
Outdoor Features
- Pond
- Lake On Lot
- Deck
- Fire Pit
- Exterior Lighting
- Rain Gutters
- Front Porch
Schools
- Brassfield Elementary School
- West Millbrook Middle School
- Millbrook High School
Utilities
- Cooling System Powered By Gas
- Dehumidifier
- Humidifier
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
- Underground Utilities
- Power Generator
- Natural Gas Connected
- Gas Water Heater
- Water Purifier is Owned
- Water Softener is Owned
- Septic Tank
- Septic System
- Cable TV Available
Additional Features
- Smart Irrigation
- Grass Field
Listing and Financial Details
- Assessor Parcel Number 181003205746000 0200626
Community Details
Overview
- Association fees include ground maintenance, storm water maintenance
- Ppm Association, Phone Number (919) 848-4911
- Swans Mill Subdivision
- Maintained Community
Recreation
- Tennis Courts
- Community Pool
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 26, 2025
Closed on
Feb 12, 2026
Sold by
Kilbrith Lee and Lee E Kilbrith Revocable Trust
Bought by
Seller's Agent
Kathy Bennett
Raleigh Realty Inc.
Buyer's Agent
Kathy Bennett
Raleigh Realty Inc.
List Price
$1,525,000
Sold Price
$1,385,000
Premium/Discount to List
-$140,000
-9.18%
Views
275
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,242
Avg. Annual Appreciation
4.81%
Original Mortgage
$1,108,000
Outstanding Balance
$1,103,688
Interest Rate
6.16%
Mortgage Type
New Conventional
Estimated Equity
$315,554
Purchase Details
Closed on
Jul 31, 2025
Sold by
Kilbrith Lee E and Kilbrith Marisa A
Bought by
Lee E Kilbrith Revocable Trust and Marisa A Kilbrith Revocable Trust
Purchase Details
Listed on
Sep 23, 2022
Closed on
Nov 18, 2022
Sold by
Adams Robert Stephen
Bought by
Kilberith Lee E and Kilberith Marisa A
Seller's Agent
Justin Burleson
Premier Agents Network
Buyer's Agent
Jimmy Doyle
DASH Carolina
List Price
$1,200,000
Sold Price
$1,200,000
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.56%
Purchase Details
Closed on
Dec 22, 2016
Sold by
Rabkin Kristin M and Rabkin Andrew M
Bought by
Adams Robert Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 9, 2015
Sold by
Strong David W and Strong Grace R
Bought by
Rabkin Kristin M and Rabkin Andrew M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,500
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 15, 2004
Sold by
Snuggs Thomas E and Adams Pamela A
Bought by
Strong David W and Strong Grace R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 14, 2000
Sold by
Petrowski Robert J
Bought by
Snuggs Thomas E and Adams Pamela A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
8.54%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Falls Lake, NC
-
Heather Donovan
-
Ines Grigore
Ines Grigore
Keller Williams Legacy
(877) 589-1916
51 Total Sales
1 in Falls Lake
$850,000 Price
-
Rhonda Lester
Rhonda Lester
Premier Advantage Realty Inc
(984) 238-8885
37 Total Sales
2 in Falls Lake
$435K - $869K Price Range
-
Phyllis Algood
Phyllis Algood
All Good Real Estate
(833) 379-9460
129 Total Sales
1 in Falls Lake
$900,000 Price
-
Lisa Ellis
Lisa Ellis
Real Estate By Design
(888) 505-0047
172 Total Sales
2 in Falls Lake
$415K - $1.1M Price Range
-
Jeff Stevenson
Jeff Stevenson
Compass -- Chapel Hill - Durham
(984) 459-7271
59 Total Sales
2 in Falls Lake
$575K - $1.1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,385,000 | Sterling Title | ||
| Lee E Kilbrith Revocable Trust | -- | None Listed On Document | |
| Kilberith Lee E | $1,200,000 | -- | |
| Adams Robert Stephen | $830,000 | None Available | |
| Rabkin Kristin M | $830,000 | Attorney | |
| Strong David W | $773,000 | -- | |
| Snuggs Thomas E | $760,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,108,000 | ||
| Previous Owner | Adams Robert Stephen | $300,000 | |
| Previous Owner | Rabkin Kristin M | $539,500 | |
| Previous Owner | Strong David W | $573,000 | |
| Previous Owner | Snuggs Thomas E | $600,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/20/2026 02/20/26 | Sold | $1,385,000 | -7.0% | $260 / Sq Ft | |
| 01/24/2026 01/24/26 | Pending | -- | -- | -- | |
| 01/14/2026 01/14/26 | Price Changed | $1,489,000 | -2.4% | $280 / Sq Ft | |
| 11/26/2025 11/26/25 | For Sale | $1,525,000 | +27.1% | $286 / Sq Ft | |
| 12/15/2023 12/15/23 | Off Market | $1,200,000 | -- | -- | |
| 11/22/2022 11/22/22 | Sold | $1,200,000 | 0.0% | $223 / Sq Ft | View Prior Sale |
| 09/24/2022 09/24/22 | Pending | -- | -- | -- | |
| 09/23/2022 09/23/22 | For Sale | $1,200,000 | -- | $223 / Sq Ft |
Source: Doorify MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,334 | $1,143,568 | $250,000 | $893,568 |
| 2024 | $7,122 | $1,143,568 | $250,000 | $893,568 |
| 2023 | $6,023 | $769,969 | $156,000 | $613,969 |
| 2022 | $5,581 | $769,969 | $156,000 | $613,969 |
| 2021 | $5,431 | $769,969 | $156,000 | $613,969 |
| 2020 | $5,340 | $769,969 | $156,000 | $613,969 |
| 2019 | $6,803 | $830,507 | $156,000 | $674,507 |
| 2018 | $6,252 | $830,507 | $156,000 | $674,507 |
| 2017 | $5,925 | $830,507 | $156,000 | $674,507 |
| 2016 | $5,804 | $830,507 | $156,000 | $674,507 |
| 2015 | -- | $929,514 | $247,000 | $682,514 |
| 2014 | $6,136 | $929,514 | $247,000 | $682,514 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Bennett
Seller's Agent in 2026
Kathy Bennett
Raleigh Realty Inc.
(630) 229-4097
7 in this area
86 Total Sales
-
Justin Burleson
Seller's Agent in 2022
Justin Burleson
Premier Agents Network
(919) 609-5161
17 in this area
272 Total Sales
-
JD
Buyer's Agent in 2022
Jimmy Doyle
DASH Carolina
Map
Source: Doorify MLS
MLS Number: 10135022
APN: 1810.03-20-5746-000
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.
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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.
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