Seller's Agent in 2025
Brian Pate
Pate Realty Group
(919) 669-4575
18 in this area
55 Total Sales
5241 Mill Dam Rd Wake Forest, NC 27587
Estimated Value: $744,000 - $851,847
4
Beds
3.5
Baths
3,024
Sq Ft
$262/Sq Ft
Est. Value
Highlights
- Fishing
- 1.44 Acre Lot
- Deck
- Richland Creek Elementary School Rated A-
- Community Lake
- Partially Wooded Lot
About This Home
As of September 2025Stunning 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
- Grass Covered Lot
- Back and Front Yard
HOA Fees
- $33 Monthly HOA Fees
Parking
- 2 Car Attached 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
- Vaulted Ceiling
- Ceiling Fan
- Recessed Lighting
- Wood Burning Fireplace
- Insulated Windows
- Living Room with Fireplace
- Sun or Florida Room
Kitchen
- Breakfast Area or Nook
- 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
- Separate 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
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
May 15, 2025
Closed on
Sep 10, 2025
Sold by
Bought by
Seller's Agent
Brian Pate
Pate Realty Group
Buyer's Agent
Shahla Rezvani
Coldwell Banker - HPW
List Price
$825,000
Sold Price
$750,000
Premium/Discount to List
-$75,000
-9.09%
Views
129
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
$43,712
Avg. Annual Appreciation
8.19%
Original Mortgage
$750,000
Outstanding Balance
$750,000
Interest Rate
6.72%
Mortgage Type
VA
Estimated Equity
$43,712
Purchase Details
Closed on
Dec 19, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,594
Interest Rate
3.95%
Mortgage Type
VA
Purchase Details
Closed on
Jan 12, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,400
Interest Rate
3.98%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 20, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $750,000 | None Listed On Document | ||
| -- | None Available | ||
| $386,000 | Chicago Title Insurance Co | ||
| $410,000 | None Available | ||
| $410,000 | None Available |
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 | $750,000 | ||
| Previous Owner | $381,594 | ||
| Previous Owner | $347,400 | ||
| Previous Owner | $328,000 | ||
| Previous Owner | $82,000 | ||
| Previous Owner | $240,000 |
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 |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | Sold | $750,000 | 0.0% | $248 / Sq Ft |
| 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
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 | $5,251 | $817,921 | $210,000 | $607,921 |
| 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
Agents Affiliated with this Home
-
Brian Pate
-
Shahla Rezvani
Buyer's Agent in 2025
Shahla Rezvani
Coldwell Banker - HPW
(919) 305-5966
1 in this area
178 Total Sales
Map
Source: Doorify MLS
MLS Number: 10094667
APN: 1861.03-12-7346-000
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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