NOT LISTED FOR SALE

5505 Lake Edge Dr Holly Springs, NC 27540

Estimated Value: $601,000 - $764,000

4 Beds
3.5 Baths
3,002 Sq Ft
$228/Sq Ft Est. Value

Last Sold December 07, 2022

Last sale price $515,000 $172 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,116/month

48 Days on Market

Highlights

  • Finished Room Over Garage
  • 0.59 Acre Lot
  • Wooded Lot
  • Holly Ridge Elementary School Rated A
  • Deck
  • Traditional Architecture

About This Home

As of December 2022

Charming 2 story BASEMENT home located in the Overlake at Sunset Ridge community, backing up to Sunset Lake, & just seconds from Bass Lake Park, Devils Ridge GOLF Club! This 2 story BASEMENT, 4 bed/3.5 bath + BONUS home, sits on a beautifully wooded view 0.59 ACRE LOT. Featuring 2 - Zone HVAC 2018, 662 sqft of unfinished roughed in basement, large deck overlooking the backyard, 668 sqft of unfinished attic space, & more! The main living area greets you with true HARDWOOD floors, formal living area, den/family room with fireplace, & elegant details in carpentry with crown molding & wainscotting. Home is in need of some cosmetic updates & vision but with the LOCATION, features, BRICK exterior, & spacious lot this diamond in the rough is the perfect savvy place to call home. Click the Virtual Tour link to view the 3D walkthrough.

Last Agent to Sell the Property

Nathan Scott

Resource Residential Realty License #242456 Listed on: 09/22/2022

Last Buyer's Agent

Lakendria Williams

Compass -- Raleigh License #322454

Compass -- Raleigh

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,471

Year Built

  • Built in 1993

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 96 x 276 x 30 x 89 x 35 x 116 x 115
  • Wooded Lot

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Finished Room Over Garage
  • Side Facing Garage
  • Private Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 3,002 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Bonus Room
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Soaking Tub
  • Shower Only in Primary Bathroom
  • Walk-in Shower

Outdoor Features

  • Deck
  • Rain Gutters

Schools

  • Holly Ridge Elementary And Middle School
  • Holly Springs High School

Utilities

  • Central Air
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • H.R.W. Management Association, Phone Number (919) 787-9000
  • Sunset Ridge South Association
  • Sunset Ridge Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,471

Year Built

Built in 1993

Lot Details

0

HOA Fees

$20 per month

Parking

2

Listing Details

  • Year Built: 1993
  • Prop. Type: Residential
  • Subdivision Name: Sunset Ridge
  • Above Grade Finished Sq Ft: 3002.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 668.0
  • General Property Information Below Grade Unfinished Area: 662.0
  • General Property Information Total Unfinished Area2: 1330.0
  • General Property Information Lot Size Dimensions: 96 x 276 x 30 x 89 x 35 x 116 x 115
  • 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
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Levels Two: 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 Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Utilities Cable Available: Yes
  • General Property Information Association Phone: 919-787-9000
  • General Property Information Association Name 2: Sunset Ridge South
  • Interior Features Room Over Garage: Yes
  • General Property Information Above Grade Finished Area: 3002.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 25700.4
  • General Property Information Lot Size Acres: 0.59
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Entrance Foyer, High Speed Internet, Room Over Garage, Separate Shower, Shower Only, Soaking Tub, Walk-In Closet(s), Walk-In Shower
  • Basement: Unfinished
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Wall Oven
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Total Bedrooms: 10
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement:Unfinished: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.59
  • Construction Type: Brick, Wood Siding
  • Patio And Porch Features: Deck
  • Exterior Features:Rain Gutters: Yes
  • Window Features:Blinds: Yes
  • Lot Features:Wooded: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Concrete, Driveway, Garage, Garage Faces Side
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Floor Furnace, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Natural Gas: Yes
  • Heating:Floor Furnace: Yes

Condo/Co-op/Association

  • Association Fee: 243.6
  • Association Fee Frequency: Annually
  • Association: Sunset Ridge South
  • Association Name: H.R.W. Management
  • Phone: 919-787-9000
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: H.R.W. Management
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 243.6
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Ninth Grade High School: Wake - Holly Springs
  • Middle Or Junior School: Wake - Holly Ridge

Lot Info

  • Lot Dimensions: 96 x 276 x 30 x 89 x 35 x 116 x 115
  • Lot Size Sq Ft: 25700.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4471.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - Holly Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Nov 23, 2022
Sold by
Kapel Leslie F
Bought by
Correia Cavalcante Kilder and Correia Abigail Taylor
Seller's Agent
Nathan Scott
Resource Residential Realty
Buyer's Agent
Lakendria Williams
Compass -- Raleigh
List Price
$544,000
Sold Price
$515,000
Premium/Discount to List
-$29,000
-5.33%
Views
30
Current Estimated Value
$672,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,097
Avg. Annual Appreciation
10.04%
Original Mortgage
$214,999
Outstanding Balance
$209,734
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$455,746

Purchase Details

Closed on
Jul 30, 1993
Bought by
Kapel Leslie F
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Correia Cavalcante Kilder $515,000 --
Kapel Leslie F $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Correia Cavalcante Kilder $214,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $515,000 -- --
12/07/2022 12/07/22 Sold $515,000 0.0% $172 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
11/08/2022 11/08/22 Off Market $515,000 -- --
10/20/2022 10/20/22 Price Changed $530,000 -2.6% $177 / Sq Ft
09/22/2022 09/22/22 For Sale $544,000 -- $181 / 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
2024 $4,990 $579,960 $155,000 $424,960
2023 $4,633 $427,642 $90,000 $337,642
2022 $4,472 $427,642 $90,000 $337,642
2021 $4,389 $427,642 $90,000 $337,642
2020 $4,389 $427,642 $90,000 $337,642
2019 $4,632 $383,334 $100,000 $283,334
2018 $4,186 $383,334 $100,000 $283,334
2017 $4,035 $383,334 $100,000 $283,334
2016 $3,980 $383,334 $100,000 $283,334
2015 $4,151 $393,579 $110,000 $283,579
2014 $4,007 $393,579 $110,000 $283,579
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nathan Scott

    Resource Residential Realty

    Section Image
  • Lakendria Williams

    Buyer's Agent in 2022

    Lakendria Williams

    Compass -- Raleigh

    (334) 505-1985

    4 in this area

    28 Total Sales

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2475842

Doorify MLS

APN: 0659.04-90-8031-000

North Carolina Wake County Holly Springs 27540

5505 Lake Edge Dr, Holly Springs, NC

This home is located at 5505 Lake Edge Dr, Holly Springs, NC 27540 since 22 September 2022 and is currently estimated at $684,665, approximately $228 per square foot. This property was built in 1993. 5505 Lake Edge Dr is a home located in Wake County with nearby schools including Holly Ridge Elementary School, Holly Ridge Middle School, and Holly Springs 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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