$900,000
SOLD SEP 8, 2021

5316 Mill Dam Rd Wake Forest, NC 27587

4 Beds
5 Baths
4,690 Sq Ft
4.35 Acres

Recently Sold

$192 Per Sq Ft

3% Above List Price

3 Days on Market

Highlights

  • Waterfront
  • Deck
  • Secluded Lot
  • Richland Creek Elementary School Rated A-
  • Dock Permitted
  • Wooded Lot

About This Home

As of September 2021

You could spend all day enjoying the outdoors at this private 4.35 acre lake retreat. 1st Flr MB, main floor office; 4-Car Garage; Lg 2-Room bonus space w/ separate staircase (indoor & outdoor entry)... great for home based business. Custom built builders home w/ custom cabinets & crown molding, 2 story sun-filled great rm, loft, 2 bedroom suites on 2nd floor. All within an easy convenient drive to WF shopping and restaurants; Covered porch, Lake View, fire pit & Boat Dock; plus a whole house generator

Last Agent to Sell the Property

Rob Zelem

Keller Williams Preferred Realty License #194484 Listed on: 05/20/2021

Last Buyer's Agent

Jeffrey Scott

eXp Realty, LLC - C License #293994

eXp Realty, LLC - C

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,446

Year Built

  • Built in 1996

Lot Details

  • 4.35 Acre Lot
  • Waterfront
  • Cul-De-Sac
  • Secluded Lot
  • Open Lot
  • Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Workshop in Garage
  • Side Facing Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Transitional Architecture
  • Masonite

Interior Spaces

  • 4,690 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Propane Fireplace
  • Mud Room
  • Entrance Foyer
  • Great Room with Fireplace
  • Living Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Loft
  • Bonus Room
  • Utility Room
  • Home Gym
  • Water Views
  • Crawl Space

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Dock Permitted
  • Deck
  • Covered Patio or Porch
  • Separate Outdoor Workshop
  • Rain Gutters

Schools

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

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Built by Bannerman & Company
  • Mill Race Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,446

Year Built

Built in 1996

Lot Details

0

HOA Fees

$31 per month

Parking

4

Listing Details

  • Builder Name: Bannerman & Company
  • Year Built: 1996
  • Prop. Type: Residential
  • Subdivision Name: Mill Race
  • Above Grade Finished Sq Ft: 4690.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half, Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See Plat Map
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Structure Type Site Built: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Bonus Room: Yes
  • Room Types Den2: Yes
  • Room Types Dining Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Great Room2: Yes
  • Room Types Loft: Yes
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Utilities Cable Available: Yes
  • Levels One and One Half: Yes
  • Other Structures Workshop: Yes
  • Interior Features Room Over Garage: Yes
  • Water Source Community Water: Yes
  • Room Types Mud Room: Yes
  • Room Types Exercise Room: Yes
  • Lot Water Features Water View: Yes
  • Lot Water Features Waterfront3: Yes
  • General Property Information Above Grade Finished Area: 4690.0
  • General Property Information Carport YN: No
  • Lot Water Features Dock Permit Installed: Yes
  • General Property Information Lot Size Square Feet2: 189486.0
  • General Property Information Lot Size Acres: 4.35
  • General Property Information Builder Name: Bannerman & Company
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub/Shower Combination, Bookcases, Cathedral Ceiling(s), Ceiling Fan(s), Entrance Foyer, Granite Counters, High Ceilings, Nursery, Pantry, Primary Downstairs, Room Over Garage, Smooth Ceilings, Soaking Tub, Vaulted Ceiling(s), Walk-In Closet(s)
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Great Room, Propane
  • Fireplaces: 1
  • Total Bedrooms: 12
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Propane: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Electric Cooktop: Yes
  • Interior Features:Soaking Tub: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Bookcases: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Fireplace Features:Great Room: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Water Body Name: Unnamed
  • Exterior Features: Rain Gutters
  • Acres: 4.35
  • Waterfront: Yes
  • Construction Type: Fiber Cement, Masonite
  • Patio And Porch Features: Covered, Deck, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Wooded: Yes
  • Patio And Porch Features:Covered2: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Open Lot: Yes
  • Construction Materials:Masonite: Yes
  • Lot Features:Secluded: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: Attached, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, Workshop in Garage
  • 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 Side: Yes
  • Parking Features:Workshop in Garage: Yes
  • General Property Information:Garage Spaces: 4.0

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Forced Air
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 366.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association Fee: 366.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Dimensions: See Plat Map
  • Lot Size Sq Ft: 189486.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4446.0

MLS Schools

  • Elementary School: Wake - Richland Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Sep 7, 2021
Sold by
Bannerman Roderick A and Bannerman Pamela W
Bought by
Perry Charles Jerry Mudge and Perry Ami Lee
Seller's Agent
Rob Zelem
Keller Williams Preferred Realty
Buyer's Agent
Jeffrey Scott
eXp Realty, LLC - C
List Price
$875,000
Sold Price
$900,000
Premium/Discount to List
$25,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$200,000
Outstanding Balance
$181,985
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$966,651

Purchase Details

Closed on
Apr 20, 2000
Sold by
Bannerman Roderick A and Bannerman Pamela W
Bought by
Bannerman Roderick A and Bannerman Pamela W
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $900,000 None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2025 10/02/25 For Sale $1,350,000 +50.0% $293 / Sq Ft
12/15/2023 12/15/23 Off Market $900,000 -- --
09/08/2021 09/08/21 Sold $900,000 +2.9% $192 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $875,000 -- $187 / Sq Ft
Source: Doorify MLS

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 $7,600 $1,185,093 $294,000 $891,093
2024 $7,379 $1,185,093 $294,000 $891,093
2023 $5,014 $640,442 $168,000 $472,442
2022 $4,645 $640,442 $168,000 $472,442
2021 $4,520 $640,442 $168,000 $472,442
2020 $4,445 $640,442 $168,000 $472,442
2019 $5,225 $637,301 $202,500 $434,801
2018 $4,802 $637,301 $202,500 $434,801
2017 $4,551 $637,301 $202,500 $434,801
2016 $4,459 $637,301 $202,500 $434,801
2015 $4,671 $669,662 $230,000 $439,662
2014 $4,426 $669,662 $230,000 $439,662
Source: Public Records

Agents Affiliated with this Home

  • Mike Ulrich

    Seller's Agent in 2025

    Mike Ulrich

    AMG Realty LLC

    (919) 802-7282

    72 Total Sales

    Mike Ulrich
    Section Image

  • R

    Seller's Agent in 2021

    Rob Zelem

    Keller Williams Preferred Realty

  • J

    Buyer's Agent in 2021

    Jeffrey Scott

    eXp Realty, LLC - C

    (919) 263-3663

    49 Total Sales

    Jeffrey Scott
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2385082

Doorify MLS

APN: 1861.03-21-8543-000

North Carolina Wake County Wake Forest 27587

5316 Mill Dam Rd, Wake Forest, NC

This home is located at 5316 Mill Dam Rd, Wake Forest, NC 27587 and is currently priced at $900,000, approximately $191 per square foot. This property was built in 1996. 5316 Mill Dam Rd is a home located in Wake County with nearby schools including Richland Creek Elementary School, Wake Forest-Rolesville Middle School, and Wake Forest High School.

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 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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