PENDING
$75K PRICE DROP
5241 Mill Dam Rd Wake Forest, NC 27587
Estimated payment $4,537/month
Total Views
6,110
4
Beds
3.5
Baths
3,024
Sq Ft
$248
Price per Sq Ft
Highlights
- Fishing
- Finished Room Over Garage
- Deck
- Richland Creek Elementary School Rated A-
- Community Lake
- Partially Wooded Lot
About This Home
Stunning Retreat in Sought-After Millrace Subdivision
Welcome to your dream home in Millrace, one of Wake Forest's most coveted luxury communities. Known for its peaceful atmosphere and private pond views, this neighborhood blends serenity and convenience just minutes from local amenities.
This beautiful 4-bedroom home offers a spacious and thoughtful layout with the primary suite on the main floor. The owner's retreat features light-toned luxury vinyl plank flooring and room for a king-sized bed. The en-suite bath includes a jetted tub, large ceramic-tiled shower, dual vanities, white cabinetry, and an oversized mirror.
The heart of the home is a soaring living room with vaulted ceilings, a dramatic stone hearth wood-burning fireplace, and glass doors that open to an expansive, multi-level deck. Whether you're hosting a gathering or enjoying a quiet evening, the flow of this home is perfect for entertaining.
The gourmet kitchen includes high-end granite countertops, hardwood floors, an electric cooktop, a large refrigerator, and generous cabinet space. Enjoy your morning coffee in the breakfast nook while taking in serene views of the pond from the front porch.
Need a quiet escape? The cozy sunroom is surrounded by windows and includes a mini-split system for year-round comfort—ideal for unwinding with a book or soaking up natural light.
Upstairs, you'll find two spacious bedrooms, ample storage, and a versatile bonus room—perfect for a playroom, home office, or guest space.
Outside, a long gravel driveway leads to a detached two-car garage with a fully finished apartment above. This bonus space includes a full bath with a walk-in shower, making it a great option for guests, a teen suite, or even a private game room.
Don't miss your chance to own a slice of paradise in Wake Forest. With scenic surroundings, custom features, and flexible living space, this home truly has it all.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,100
Year Built
- Built in 1996
Lot Details
- 1.44 Acre Lot
- Property fronts a state road
- South Facing Home
- Private Entrance
- Natural State Vegetation
- Gentle Sloping Lot
- Cleared Lot
- Partially Wooded Lot
- Landscaped with Trees
- Private Yard
- Back and Front Yard
HOA Fees
- $33 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Finished Room Over Garage
- Parking Deck
- Side Facing Garage
- Garage Door Opener
- 4 Open Parking Spaces
Home Design
- Transitional Architecture
- Traditional Architecture
- Williamsburg Architecture
- Pillar, Post or Pier Foundation
- Shingle Roof
- Asphalt Roof
- Cedar
Interior Spaces
- 3,024 Sq Ft Home
- 2-Story Property
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Wood Burning Fireplace
- Insulated Windows
- Living Room with Fireplace
- Sun or Florida Room
Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- In-Law or Guest Suite
- Private Water Closet
- Whirlpool Bathtub
- Separate Shower in Primary Bathroom
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
Home Security
- Smart Locks
- Fire and Smoke Detector
Outdoor Features
- Deck
- Rain Gutters
- Front Porch
Schools
- Richland Creek Elementary School
- Wake Forest Middle School
- Wake Forest High School
Horse Facilities and Amenities
- Grass Field
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Gas Water Heater
- Fuel Tank
- Septic Tank
- Septic System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 1861127346
Community Details
Overview
- Association fees include ground maintenance
- Millrace HOA
- Millrace Subdivision
- Maintained Community
- Community Lake
Recreation
- Fishing
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $5,099 | $817,921 | $210,000 | $607,921 |
| 2023 | $3,599 | $459,051 | $120,000 | $339,051 |
| 2022 | $3,335 | $459,051 | $120,000 | $339,051 |
| 2021 | $3,246 | $459,051 | $120,000 | $339,051 |
| 2020 | $3,192 | $459,051 | $120,000 | $339,051 |
| 2019 | $3,186 | $387,695 | $76,500 | $311,195 |
| 2018 | $2,929 | $387,695 | $76,500 | $311,195 |
| 2017 | $2,777 | $387,695 | $76,500 | $311,195 |
| 2016 | $2,720 | $387,695 | $76,500 | $311,195 |
| 2015 | $2,979 | $426,068 | $115,000 | $311,068 |
| 2014 | $2,824 | $426,068 | $115,000 | $311,068 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2025 08/10/25 | Pending | -- | -- | -- |
| 07/28/2025 07/28/25 | Price Changed | $750,000 | -4.5% | $248 / Sq Ft |
| 06/20/2025 06/20/25 | Price Changed | $785,000 | -4.8% | $260 / Sq Ft |
| 05/15/2025 05/15/25 | For Sale | $825,000 | -- | $273 / Sq Ft |
Source: Doorify MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $386,000 | Chicago Title Insurance Co | |
| Warranty Deed | $410,000 | None Available | |
| Warranty Deed | $410,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,000 | Credit Line Revolving | |
| Open | $413,985 | VA | |
| Closed | $381,594 | VA | |
| Closed | $347,400 | New Conventional | |
| Previous Owner | $280,000 | New Conventional | |
| Previous Owner | $300,000 | Unknown | |
| Previous Owner | $328,000 | Purchase Money Mortgage | |
| Previous Owner | $82,000 | Credit Line Revolving | |
| Previous Owner | $240,000 | Unknown |
Source: Public Records
Similar Homes in Wake Forest, NC
Source: Doorify MLS
MLS Number: 10094667
APN: 1861.03-12-7346-000
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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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