$193,000
SOLD AUG 15, 2025

5602 Falls of Neuse Rd Unit E Raleigh, NC 27609

2 Beds
2 Baths
929 Sq Ft
$263/mo HOA Fee

Recently Sold

$208 Per Sq Ft

12% Below List Price

45 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Living Room
  • Millbrook High School Rated A-
  • Bathtub with Shower
  • 1-Story Property

About This Home

As of August 2025

This beautifully updated 2-bedroom, 2-bath condo has just been fully refreshed and is ready for its next chapter, whether that's as your new home or a smart rental investment. Fresh paint throughout, new flooring in every room, and fully redone bathrooms, including brand-new toilets, bring a modern, clean feel. The kitchen features freshly painted cabinets for a bright, updated look without losing charm. You'll also enjoy all new light fixtures, ceiling fans, and window blinds, adding style and comfort throughout the space. With a spacious layout, oversized primary bathroom, and covered patio, comfort and function are built in. Plus, you'll love having access to a sparkling community pool, perfect for relaxing weekends or fun with friends and family. All of this, just steps from dining, shopping, and more. This condo offers unbeatable convenience, lasting value, and a splash of fun!

Last Agent to Sell the Property

Russell Sicoli

Mark Spain Real Estate License #314515 Listed on: 05/12/2025

Mark Spain Real Estate

Last Buyer's Agent

Deborah Chavis

Triangle Area Properties License #147263

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,542

Year Built

  • Built in 1977

HOA Fees

  • $263 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding
  • Lead Paint Disclosure

Interior Spaces

  • 929 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Laundry in Hall

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Primary bathroom on main floor
  • Bathtub with Shower

Parking

  • 1 Parking Space
  • 1 Open Parking Space
  • Assigned Parking

Schools

  • Millbrook Elementary School
  • East Millbrook Middle School
  • Millbrook High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • Association fees include unknown
  • The Falls Condominiums Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1716.06-38-4447.067

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,542

Year Built

Built in 1977

Lot Details

0

HOA Fees

$263 per month

Listing Details

  • Year Built: 1977
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Subdivision Name: The Falls Condominiums
  • Above Grade Finished Sq Ft: 929.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Interior Features BathtubShower Combination: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Room Types Bedroom 2 Level: First
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: First
  • Room Types Living Room2: Yes
  • General Property Information Association Phone: N/A
  • General Property Information Senior Community YN: No
  • Laundry Features In Hall: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 263.0
  • Roof:Shingle: Yes
  • General Property Information Above Grade Finished Area: 929.0
  • General Property Information Carport YN: No
  • Room Types Primary Bathroom Level: First
  • Disclosures Lead Based Paint: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Varies, Other
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Eat-in Kitchen
  • Appliances: Microwave, Oven
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 7
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Roof: Shingle
  • Disclosures: Lead Based Paint
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.0
  • Parking Features:Assigned: Yes
  • General Property Information:Parking Total: 1.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 1.0

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 263.0
  • Association Fee Frequency: Monthly
  • Association Name: N/A
  • Phone: N/A
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: N/A
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 263.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Millbrook
  • Middle Or Junior School: Wake - East Millbrook

Lot Info

  • Parcel #: 1716.06-38-4447.067

Tax Info

  • Tax Annual Amount: 1542.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - Millbrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2025
Closed on
Aug 15, 2025
Sold by
Hack Sylvia P and Hack William
Bought by
Chavis Tijaunna Maggie
Seller's Agent
Russell Sicoli
Mark Spain Real Estate
Buyer's Agent
Deborah Chavis
Triangle Area Properties
List Price
$220,000
Sold Price
$193,000
Premium/Discount to List
-$27,000
-12.27%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.88%
Original Mortgage
$134,000
Outstanding Balance
$133,883
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$56,451

Purchase Details

Closed on
Apr 12, 2016
Sold by
Ir Homes Rentals & Sales Llc
Bought by
Hack Sylvia P

Purchase Details

Closed on
Jun 12, 2009
Sold by
North Carolina Services For Dentistry In
Bought by
Rexhepi Ilir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
4.77%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 3, 2009
Sold by
U S Bank National Association
Bought by
Fajardo Julio R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,931
Interest Rate
4.8%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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 $193,000 None Listed On Document
Warranty Deed $193,000 None Listed On Document
Warranty Deed $74,000 None Available
Warranty Deed $70,000 None Available
Special Warranty Deed $59,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $134,000 New Conventional
Closed $45,000 No Value Available
Closed $134,000 New Conventional
Previous Owner $56,000 Future Advance Clause Open End Mortgage
Previous Owner $57,931 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Sold $193,000 -1.0% $208 / Sq Ft
06/27/2025 06/27/25 Pending -- -- --
06/17/2025 06/17/25 Price Changed $195,000 -2.5% $210 / Sq Ft
06/12/2025 06/12/25 Price Changed $200,000 -8.7% $215 / Sq Ft
05/23/2025 05/23/25 Price Changed $219,000 -0.5% $236 / Sq Ft
05/12/2025 05/12/25 For Sale $220,000 -- $237 / 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 $1,549 $175,283 -- $175,283
2024 $1,542 $175,283 $0 $175,283
2023 $1,049 $94,409 $0 $94,409
2022 $976 $94,409 $0 $94,409
2021 $939 $94,409 $0 $94,409
2020 $922 $94,409 $0 $94,409
2019 $797 $67,068 $0 $67,068
2018 $0 $67,068 $0 $67,068
2017 $0 $67,068 $0 $67,068
2016 -- $67,068 $0 $67,068
2015 $724 $67,955 $0 $67,955
2014 -- $67,955 $0 $67,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10094326

Doorify MLS

APN: 1716.06-38-4447-067