$950,000
SOLD JUL 28, 2025

5344 Mill Dam Rd Wake Forest, NC 27587

4 Beds
4.5 Baths
4,144 Sq Ft
174,240 Sq Ft Lot

Sale Details

Date Sold: July 28, 2025

$229 Per Sq Ft

4% Below List Price

24 Days on Market

Highlights

  • Filtered Pool
  • Lake On Lot
  • Fireplace in Primary Bedroom
  • Richland Creek Elementary School Rated A-
  • 4 Acre Lot
  • Traditional Architecture

About This Home

As of July 2025

Welcome to this stunning 2-story custom built home perfectly positioned on a private 4-acre WATERFRONT lot in Wake Forest's desirable Millrace community—just minutes from Hwy 98 and Capital Blvd conveniences. LOW HOA and NO CITY TAXES!

Enjoy timeless curb appeal with a rocking chair front porch, side-load 2-car garage, and beautifully landscaped grounds enhanced by landscape lighting and a slate patio. The backyard is a private oasis with a fiberglass in-ground pool, brand-new filter system and pump, and a fenced wooded yard leading directly to the serene lake to kayak or just enjoy the peaceful view. The irrigation system draws from the lake, offering a lush landscape with no water bill.

Inside, this spacious home features 4 bedrooms, each with its own en-suite bathroom and walk-in closet—including the luxurious primary suite with two separate walk-in closets. You'll also find a private office/living room, a vaulted family room with fireplace, and a gourmet kitchen perfect for entertaining. Throughout the home, enjoy real hardwood floors, crown molding, pocket doors, and a hardwired security system for peace of mind.

Storage is no issue with eight storage areas off bedrooms, a large attic, and an expansive full-footprint unfinished basement offering endless potential.

Recent updates include: New carpet and fresh interior paint, new water heater (2024), roof (2018), and two Trane HVAC systems (2018)!

This move-in-ready home combines elegant living, thoughtful updates, and unmatched outdoor serenity. Don't miss this rare opportunity—schedule your private showing today!

Last Agent to Sell the Property

Tammy Alexander

Choice Residential Real Estate License #325849 Listed on: 06/05/2025

Choice Residential Real Estate

Co-Listed By

Matt Bergevin

Real Broker, LLC License #305265

Last Buyer's Agent

Jacquelyn Matusie

Jacquelyn Matusie, Broker License #308697

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,361

Year Built

  • Built in 1999

Lot Details

  • 4 Acre Lot
  • Irrigation Equipment

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Side Facing Garage

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 4,144 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Storage
  • Unfinished Basement

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Double Vanity
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Pool

  • Filtered Pool
  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Lake On Lot
  • Patio
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • Association fees include unknown
  • Millrace Homeowners Association, Phone Number (919) 723-8496
  • Millrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1861213173

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,361

Year Built

Built in 1999

Lot Details

4 Acres

HOA Fees

$33 per month

Parking

2

Listing Details

  • Year Built: 1999
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Co List Office Phone: 919-348-2585
  • Subdivision Name: Millrace
  • Above Grade Finished Sq Ft: 4144.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Below Grade Unfinished Area: 1737.0
  • General Property Information Total Unfinished Area2: 1737.0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Bedroom 3 Level: Second
  • Room Types Bedroom 4 Level: Main
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Second
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Flooring Wood: Yes
  • General Property Information Association Phone: 919-723-8496
  • Water Source Community Water: Yes
  • Pool Features In Ground: Yes
  • General Property Information Enhanced Accessible2: No
  • Other Equipment Irrigation Equipment: Yes
  • Roof:Shingle: Yes
  • Pool Features Private4: Yes
  • General Property Information Above Grade Finished Area: 4144.0
  • Room Types Laundry2: Yes
  • General Property Information Lot Size Square Feet2: 174239.0
  • Pool Features Fenced2: Yes
  • Room Types Basement3: Yes
  • General Property Information Lot Size Acres: 4.0
  • Pool Features Filtered: Yes
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 4144.0
  • General Property Information Waterfront YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Storage, Walk-In Closet(s), Walk-In Shower
  • Basement: Unfinished
  • Appliances: Dishwasher, Microwave, Refrigerator, Wall Oven
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Primary Bedroom
  • Fireplaces: 2
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Storage3: Yes
  • Fireplace Features:Living Room: Yes
  • Fireplace Features:Primary Bedroom: Yes
  • Basement:Unfinished: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Roof: Shingle
  • Acres: 4.0
  • Waterfront: No
  • Construction Type: Fiber Cement
  • Foundation Details: Other
  • Patio And Porch Features: Front Porch, Patio
  • Construction Materials:Fiber Cement: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Pool Features:Outdoor Pool: Yes
  • Lot Features:Lake On Lot: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking: No
  • Parking Features: Attached, Garage, Garage Faces Side
  • Total Parking Spaces: 4.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking YN2: No

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association Fee: 400.0
  • Association Fee Frequency: Annually
  • Association Name: Millrace Homeowners Association
  • Phone: 919-723-8496
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Millrace Homeowners Association
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 400.0
  • 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 Size Sq Ft: 174239.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 1861213173

Tax Info

  • Tax Annual Amount: 6361.44
  • Tax Year: 2024
  • Tax Map Number: 37

MLS Schools

  • Elementary School: Wake - Richland Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2025
Closed on
Jul 17, 2025
Sold by
Norris Allison Gorman
Bought by
Christiano Dominic Thomas and Tyner Christiano Jessica
Seller's Agent
Tammy Alexander
Choice Residential Real Estate
Buyer's Agent
Jacquelyn Matusie
Jacquelyn Matusie, Broker
List Price
$990,000
Sold Price
$950,000
Premium/Discount to List
-$40,000
-4.04%
Views
126
Current Estimated Value
$1,015,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,112
Avg. Annual Appreciation
10.40%
Original Mortgage
$760,000
Outstanding Balance
$758,711
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$256,401

Purchase Details

Closed on
May 7, 2025
Sold by
Norris Allison Gorman and Norris Jacob Matthew
Bought by
Norris Allison Gorman

Purchase Details

Closed on
Mar 24, 2022
Sold by
Matthew Norris Jacob
Bought by
Norris Allison Gorman

Purchase Details

Closed on
Jun 29, 2017
Sold by
Hoffler John R and Hoffler Kathrine S
Bought by
Norris Jacob Matthew and Norris Allison Gorman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,445
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2013
Sold by
Lc Developers Llc
Bought by
Hoffler John R and Hoffler Katherine S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,400
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2012
Sold by
Harden Holmes P and Sappah Richard E
Bought by
Lc Developers Llc

Purchase Details

Closed on
Dec 23, 1997
Sold by
Natural Resource Conservancy Co
Bought by
Sappah Richard and Sappah Joann

Purchase Details

Closed on
Nov 21, 1997
Sold by
Timberland Of Nc Inc
Bought by
Natural Resource Conservancy Co
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $950,000 Old Republic National Title
Special Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $545,000 None Available
Warranty Deed $440,500 None Available
Deed $306,000 None Available
Warranty Deed $80,000 --
Warranty Deed $78,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $760,000 New Conventional
Previous Owner $73,445 Commercial
Previous Owner $352,400 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2025 07/28/25 Sold $950,000 0.0% $229 / Sq Ft
06/29/2025 06/29/25 Pending -- -- --
06/23/2025 06/23/25 Price Changed $950,000 -2.6% $229 / Sq Ft
06/15/2025 06/15/25 Price Changed $975,000 -1.5% $235 / Sq Ft
06/05/2025 06/05/25 For Sale $990,000 -- $239 / Sq Ft
Source: Doorify MLS

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 -- $1,021,166 $294,000 $727,166
2024 $6,361 $1,021,166 $294,000 $727,166
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10100466

Doorify MLS

APN: 1861.03-21-3173-000

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