NOT LISTED FOR SALE

5248 Mill Dam Rd Wake Forest, NC 27587

Wake Forest Area

Estimated Value: $1,099,000 - $1,322,000

3 Beds
3.5 Baths
3,913 Sq Ft
$308/Sq Ft Est. Value

Sale Details

Date Sold: July 14, 2023

Last sale price $1,150,000 $294 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,231 / mo

30 Days on Market

Highlights

  • Private Waterfront
  • 3.26 Acre Lot
  • Deck
  • Richland Creek Elementary School Rated A-
  • Fireplace in Primary Bedroom
  • Contemporary Architecture

About This Home

As of July 2023

CUSTOM BUILT RANCH HOME on over 3 acres w/180 degrees of a Breathtaking WATERFRONT LAKE VIEW! LOW HOA's, NO CITY TAXES! You DO NOT want to miss out on this Meticulously Maintained Home & Yard. 13 ft ceilings, Walk out Basement,Views from EVERY room in the House,Large Screened Porch,Back Deck that spans the length of the House,2 Gas Fireplaces,3 Car Garage,Private lot, Long Driveway that leads you to the HOUSE of YOUR DREAMS!Circular Driveway,Covered Parking to Front Solid Mahogany Double Front Doors.Open Foyer to Living Room & Separate Dining Room.Private Home Office,Large Primary Suite w/Large En Suite, Skylights,Walk in Shower,Gas Fireplace,Walk In Closet,Access to Laundry Rm and Amazing Views of Backyard and Lake.Kitchen & Breakfast Area are Open to Family Rm w/direct access to Screened in Porch & Deck. Secondary Bedrooms & Additional Full Bath w/Walk in Shower, Tub & Dual Sinks in Private wing on home. Daylight Walk out Basement is a wonderful space for you to use how best fits your needs & Additional Full Bath finishing the space! Such a relaxing tranquil setting w/ in minutes from shopping, restaurants & more

Last Agent to Sell the Property

Allison Caudle

Southern Lux Living License #256715 Listed on: 05/20/2023

Last Buyer's Agent

Non Member

Non Member Office

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,064

Year Built

  • Built in 1998

Lot Details

  • 3.26 Acre Lot
  • Lot Dimensions are 112 x 536 x 234 x 241 x 57 x 191 x 293
  • Private Waterfront
  • 350 Feet of Waterfront
  • Lake Front
  • Irrigation Equipment
  • Landscaped with Trees
  • Garden
  • Property is zoned R-30

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Carport
  • Front Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Transitional Architecture
  • Stucco

Interior Spaces

  • Wet Bar
  • Central Vacuum
  • Bookcases
  • Tray Ceiling
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Recreation Room
  • Bonus Room
  • Screened Porch
  • Utility Room
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Built-In Double Oven
  • Electric Cooktop
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Private Water Closet
  • Separate Shower in Primary Bathroom
  • Separate Shower

Finished Basement

  • Heated Basement
  • Interior and Exterior Basement Entry
  • Natural lighting in basement

Home Security

  • Intercom
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Washer and Dryer
  • Accessible Doors

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat

Outdoor Features

  • Deck
  • Rain Gutters

Schools

  • Richland Creek Elementary School
  • Wake Forest Middle School
  • Wake Forest High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Millrace HOA
  • Built by Clearwater Custom Homes
  • Millrace Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,064

Year Built

Built in 1998

Lot Details

3.26 Acres

HOA Fees

$29 per month

Parking

3

Listing Details

  • Builder Name: Clearwater Custom Homes
  • Year Built: 1998
  • Prop. Type: Residential
  • Subdivision Name: Millrace
  • Above Grade Finished Sq Ft: 3031.0
  • Architectural Style: Contemporary, Ranch, Transitional
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Insulation, Lighting, Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 112 x 536 x 234 x 241 x 57 x 191 x 293
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Wall Oven: Yes
  • Architectural Style Ranch: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features Water Closet: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Bonus Room: Yes
  • Room Types Den2: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Utilities Cable Available: Yes
  • Remarks and Miscellaneous Syndication Remarks2: CUSTOM BUILT RANCH HOME on over 3 acres w/180 degrees of a Breathtaking WATERFRONT LAKE VIEW! LOW HOA's, NO CITY TAXES! You DO NOT want to miss out on this Meticulously Maintained Home & Yard. 13 ft ceilings, Walk out Basement,Views from EVERY room in the House,Large Screened Porch,Back Deck that spans the length of the House,2 Gas Fireplaces,3 Car Garage,Private lot, Long Driveway that leads you to the HOUSE of YOUR DREAMS!Circular Driveway,Covered Parking to Front Solid Mahogany Double Front Doors.Open
  • Other Equipment Intercom: Yes
  • Architectural Style Contemporary: Yes
  • Room Types Recreation Room3: Yes
  • Basement Heated3: Yes
  • Water Source Community Water: Yes
  • Other Equipment Irrigation Equipment: Yes
  • General Property Information Water Frontage Length2: 350.0
  • Waterfront Access Private Ownership: Yes
  • Lot Water Features Waterfront3: Yes
  • General Property Information Above Grade Finished Area: 3031.0
  • General Property Information Below Grade Finished Area: 882.0
  • General Property Information Carport YN: Yes
  • General Property Information Lot Size Square Feet2: 142005.6
  • General Property Information Lot Size Acres: 3.26
  • General Property Information:Living Area3: 3913.0
  • General Property Information Builder Name: Clearwater Custom Homes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Tile
  • Interior Amenities: Bookcases, Butler's Pantry, Cathedral Ceiling(s), Ceiling Fan(s), Central Vacuum, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Ceilings, Pantry, Primary Downstairs, Separate Shower, Smooth Ceilings, Tile Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet, Wet Bar
  • Basement: Daylight, Exterior Entry, Finished, Heated, Interior Entry
  • Appliances: Cooktop, Dishwasher, Double Oven, Electric Cooktop, Gas Water Heater, Refrigerator, Tankless Water Heater, Wall Oven
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 882.0
  • Fireplace Features: Family Room, Gas Log, Primary Bedroom
  • Fireplaces: 2
  • Appliances Dishwasher: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Appliances:Cooktop: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Gas Water Heater: Yes
  • Basement:Daylight: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Tile Counters: Yes
  • Interior Features:Bookcases: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Double Oven: Yes
  • Interior Features:Central Vacuum: Yes
  • Basement Finished: Yes
  • Fireplace Features:Primary Bedroom: Yes
  • Interior Features:Butler_squote_s Pantry: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Water Body Name: Unnamed
  • Exterior Features: Rain Gutters
  • Acres: 3.26
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Stucco
  • Patio And Porch Features: Covered, Deck, Porch, Screened
  • Accessibility Features:Accessible Door(s): Yes
  • Accessibility Features:Accessible WasherDryer: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Window Features:Blinds: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Garden2: Yes
  • Window Features:Skylight(s): Yes
  • Waterfront Features:Lake3: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Carport, Circular Driveway, Concrete, Covered, Driveway, Garage, Garage Door Opener, Garage Faces Front
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Covered: Yes
  • Parking Features:Circular Driveway: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

  • Utilities: Cable Available
  • Heating: Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association Fee: 344.0
  • Association Fee Frequency: Annually
  • Association Name: Millrace HOA
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Millrace HOA
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 344.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Ninth Grade High School: Wake - Wake Forest
  • Middle Or Junior School: Wake - Wake Forest

Lot Info

  • Zoning: R-30
  • Lot Dimensions: 112 x 536 x 234 x 241 x 57 x 191 x 293
  • Lot Size Sq Ft: 142005.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes
  • Green Energy Efficient:Insulation: Yes

Tax Info

  • Tax Annual Amount: 5064.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Wake - Richland Creek

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 20, 2023
Closed on
Jul 13, 2023
Sold by
Bought by
Seller's Agent
Allison Caudle
Southern Lux Living
Buyer's Agent
Non Member
Non Member Office
List Price
$1,275,000
Sold Price
$1,150,000
Premium/Discount to List
-$125,000
-9.8%
Views
84
Current Estimated Value
$1,204,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,963
Avg. Annual Appreciation
1.51%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Wake Forest, NC

  • Yolanda Martin Real Estate Agent - Yolanda Martin Homes

    Yolanda Martin

    Yolanda Martin Homes

    (888) 564-2705

    150 Total Sales

    2 in Wake Forest

    $340K - $474K Price Range

    Yolanda Martin
     Section Image
  • Mikaela Rojas Real Estate Agent - Exit Realty Triangle

    Mikaela Rojas

    Exit Realty Triangle

    (866) 257-0884

    29 Total Sales

    2 in Wake Forest

    $380K - $400K Price Range

    Mikaela Rojas
     Section Image
  • Cathy Reed Real Estate Agent - Dogwood Properties

    Cathy Reed

    Dogwood Properties

    (833) 987-4680

    129 Total Sales

    1 in Wake Forest

    $600,000 Price

    Cathy Reed
     Section Image
  • April Auman Real Estate Agent - Coldwell Banker Advantage

    April Auman

    Coldwell Banker Advantage

    (336) 438-2729

    131 Total Sales

    3 in Wake Forest

    $424K - $750K Price Range

    April Auman
     Section Image
  • Sandy Savage Real Estate Agent - Carolina One Realty

    Sandy Savage

    Carolina One Realty

    (984) 214-8720

    134 Total Sales

    3 in Wake Forest

    $449K - $452K Price Range

    Sandy Savage
     Section Image
  • Johnny Chappell Real Estate Agent - Compass -- Raleigh

    Johnny Chappell

    Compass -- Raleigh

    (984) 276-2674

    906 Total Sales

    28 in Wake Forest

    $215K - $1M Price Range

    Johnny Chappell
     Section Image
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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
$1,150,000 None Listed On Document
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
12/15/2023 12/15/23 Off Market $1,150,000 -- --
07/14/2023 07/14/23 Sold $1,150,000 -9.8% $294 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $1,275,000 -- $326 / 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 -- $1,140,896 $273,000 $867,896
2024 $7,105 $1,140,896 $273,000 $867,896
2023 $5,466 $698,485 $156,000 $542,485
2022 $5,064 $698,485 $156,000 $542,485
2021 $4,928 $698,485 $156,000 $542,485
2020 $2,127 $698,485 $156,000 $542,485
2019 $5,773 $704,368 $157,500 $546,868
2018 $5,306 $704,368 $157,500 $546,868
2017 $4,926 $704,368 $157,500 $546,868
2016 $4,926 $704,368 $157,500 $546,868
2015 $5,453 $782,333 $230,000 $552,333
2014 $5,168 $782,333 $230,000 $552,333
Source: Public Records

Agents Affiliated with this Home

  • Allison Caudle Real Estate Agent - Southern Lux Living

    Seller's Agent in 2023

    Allison Caudle

    Southern Lux Living

    123 Total Sales

    Allison Caudle
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non Member Office

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Map

Source: Doorify MLS

MLS Number: 2512147

Doorify MLS

APN: 1861.03-11-8758-000

North Carolina Wake County Wake Forest 27587

5248 Mill Dam Rd, Wake Forest, NC

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.

Doorify MLS 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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