PENDING
$40K PRICE DROP
5344 Mill Dam Rd Wake Forest, NC 27587
Estimated payment $5,820/month
Total Views
4,011
4
Beds
4.5
Baths
4,144
Sq Ft
$229
Price per Sq Ft
Highlights
- Filtered Pool
- Lake On Lot
- Traditional Architecture
- Richland Creek Elementary School Rated A-
- Fireplace in Primary Bedroom
- Wood Flooring
About This Home
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!
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
- Walk-In Closet
- Double Vanity
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
Pool
- Filtered Pool
- In Ground Pool
- Outdoor 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
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 | $6,361 | $1,021,166 | $294,000 | $727,166 |
| 2023 | $4,784 | $611,059 | $168,000 | $443,059 |
| 2022 | $4,433 | $611,059 | $168,000 | $443,059 |
| 2021 | $4,314 | $611,059 | $168,000 | $443,059 |
| 2020 | $4,242 | $611,059 | $168,000 | $443,059 |
| 2019 | $4,740 | $577,880 | $135,000 | $442,880 |
| 2018 | $4,356 | $577,880 | $135,000 | $442,880 |
| 2017 | $4,129 | $577,880 | $135,000 | $442,880 |
| 2016 | $3,887 | $555,234 | $135,000 | $420,234 |
| 2015 | $4,540 | $650,864 | $230,000 | $420,864 |
| 2014 | $4,303 | $650,864 | $230,000 | $420,864 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| 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 |
|---|---|---|---|
| Previous Owner | $107,000 | Credit Line Revolving | |
| Previous Owner | $73,445 | Commercial | |
| Previous Owner | $150,750 | No Value Available | |
| Previous Owner | $25,000 | Credit Line Revolving | |
| Previous Owner | $43,609 | New Conventional | |
| Previous Owner | $352,400 | New Conventional | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $120,000 | Unknown |
Source: Public Records
Similar Homes in Wake Forest, NC
Source: Doorify MLS
MLS Number: 10100466
APN: 1861.03-21-3173-000
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