NOT LISTED FOR SALE

701 Lakestone Dr Raleigh, NC 27609

Glenwood Neighborhood

Estimated Value: $2,359,000 - $4,804,000

4 Beds
4 Baths
4,006 Sq Ft
$940/Sq Ft Est. Value

Last Sold May 11, 2021

Last sale price $1,725,000 $431 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $23,280/month

215 Days on Market

Highlights

  • 2.09 Acre Lot
  • Family Room with Fireplace
  • Traditional Architecture
  • Root Elementary School Rated A
  • Recreation Room
  • Wood Flooring

About This Home

As of May 2021

Resting on an extraordinary 2.09 acre lake front lot, this one-and-a-half-story traditional home is without equal - built by John C. Williams, features include 9' ceilings, heart pine floors, 3 fireplaces and exquisite moldings and built-ins - open foyer with gracious formal areas - Cherry paneled family room with fireplace and French doors to huge covered porch - full basement w/walkout to brick patio and expansive green space - unsurpassed lake views from all three levels - two-car garage -so peaceful!

Last Agent to Sell the Property

Runyon Tyler

Berkshire Hathaway HomeService License #112531 Listed on: 08/31/2020

Berkshire Hathaway HomeService

Last Buyer's Agent

Jesse Maynard

Navigate Realty License #316061

Navigate Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,370

Year Built

  • Built in 1964

Lot Details

  • 2.09 Acre Lot
  • Irrigation Equipment
  • Landscaped with Trees
  • Property is zoned R-2

Parking

  • 2 Car Garage
  • Parking Pad
  • Side Facing Garage
  • Garage Door Opener
  • Private Driveway
  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1.5-Story Property
  • Bookcases
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Recreation Room
  • Workshop
  • Utility Room
  • Attic Floors
  • Home Security System

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Shower Only

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer Hookup

Finished Basement

  • Heated Basement
  • Partial Basement
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Workshop
  • Crawl Space
  • Natural lighting in basement

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Root Elementary School
  • Oberlin Middle School
  • Broughton High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by John C. Williams
  • Lakestone Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,370

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Builder Name: John C. Williams
  • Year Built: 1964
  • Prop. Type: Residential
  • Subdivision Name: Lakestone
  • Above Grade Finished Sq Ft: 3093.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Below Grade Unfinished Area: 544.0
  • General Property Information Total Unfinished Area2: 544.0
  • General Property Information Lot Size Dimensions: 194x44x269x153x165x398 (per tax map)
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Wall Oven: Yes
  • Cooling Central Air: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: 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 Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Vinyl: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Utilities Cable Available: Yes
  • Security Features Security System: Yes
  • Levels One and One Half: Yes
  • Room Types Workshop2: Yes
  • Room Types Recreation Room3: Yes
  • Basement Heated3: Yes
  • Basement Workshop3: Yes
  • Foundation Details BrickMortar: Yes
  • Other Equipment Irrigation Equipment: Yes
  • General Property Information Above Grade Finished Area: 3093.0
  • General Property Information Below Grade Finished Area: 913.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 91040.4
  • General Property Information Lot Size Acres: 2.09
  • General Property Information Builder Name: John C. Williams
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Bookcases, Ceiling Fan(s), Entrance Foyer, High Ceilings, Primary Downstairs, Shower Only, Walk-In Closet(s), Other
  • Basement: Crawl Space, Daylight, Exterior Entry, Finished, Heated, Interior Entry, Partial, Unfinished, Workshop
  • Appliances: Dishwasher, Electric Cooktop, Gas Water Heater, Range Hood, Wall Oven
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 913.0
  • Fireplace Features: Basement, Family Room, Gas Log, Living Room, Masonry, Wood Burning
  • Fireplaces: 3
  • Total Bedrooms: 12
  • Appliances Dishwasher: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Masonry: Yes
  • Fireplace Features:Wood Burning: Yes
  • Basement:Daylight: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Bookcases: Yes
  • Attic Features:Floored: Yes
  • Attic Features:Walk-In Attic: Yes
  • Basement Finished: Yes
  • Fireplace Features:Basement: Yes
  • Basement:Unfinished: Yes
  • Interior Features:Other17: Yes
  • Fireplace Features:Fireplaces Total: 3
  • Basement:Partial: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 2.09
  • Construction Type: Brick
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Covered, Patio, Porch
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Asphalt, Driveway, Garage, Garage Door Opener, Garage Faces Side, On Street, Parking Pad
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Side: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Asphalt2: Yes
  • Parking Features:Parking Pad: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Utilities: Cable Available
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Ninth Grade High School: Wake - Broughton
  • Middle Or Junior School: Wake - Oberlin

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 194x44x269x153x165x398 (per tax map)
  • Lot Size Sq Ft: 91040.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10370.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Wake - Root

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2022
Sold by
Knight and David
Bought by
Goose Lake Llc
Current Estimated Value
$3,764,214

Purchase Details

Listed on
Aug 31, 2020
Closed on
May 11, 2021
Sold by
Alderman Labette D
Bought by
Knight Avery and Knight David
Seller's Agent
Runyon Tyler
Berkshire Hathaway HomeService
Buyer's Agent
Jesse Maynard
Navigate Realty
List Price
$2,250,000
Sold Price
$1,725,000
Premium/Discount to List
-$525,000
-23.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.75%
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 Buyer Sale Price Title Company
Goose Lake Llc -- None Listed On Document
Knight Avery $1,725,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goose Lake Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $1,725,000 -- --
05/11/2021 05/11/21 Sold $1,725,000 -3.9% $431 / Sq Ft
04/03/2021 04/03/21 Pending -- -- --
02/23/2021 02/23/21 Price Changed $1,795,000 -7.9% $448 / Sq Ft
10/30/2020 10/30/20 Price Changed $1,950,000 -13.3% $487 / Sq Ft
08/31/2020 08/31/20 For Sale $2,250,000 -- $562 / 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 $35,150 $4,028,253 $2,016,000 $2,012,253
2024 $27,995 $4,028,253 $2,016,000 $2,012,253
2023 $8,829 $810,000 $810,000 $0
2022 $11,110 $1,095,340 $810,000 $285,340
2021 $10,564 $1,095,340 $810,000 $285,340
2020 $10,371 $1,083,629 $810,000 $273,629
2019 $13,092 $1,127,944 $720,000 $407,944
2018 $0 $1,127,944 $720,000 $407,944
2017 $0 $1,127,944 $720,000 $407,944
2016 $11,511 $1,127,944 $720,000 $407,944
2015 $12,470 $1,202,343 $814,125 $388,218
2014 $11,825 $1,202,343 $814,125 $388,218
Source: Public Records

Agents Affiliated with this Home

  • Runyon Tyler

    Seller's Agent in 2021

    Runyon Tyler

    Berkshire Hathaway HomeService

    (919) 271-6641

    28 in this area

    86 Total Sales

    Runyon Tyler
    Section Image
  • Jesse Maynard

    Buyer's Agent in 2021

    Jesse Maynard

    Navigate Realty

    (919) 802-6012

    3 in this area

    50 Total Sales

    Jesse Maynard
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2340147

Doorify MLS

APN: 1705.06-38-1512-000

North Carolina Wake County Raleigh 27609 Glenwood

701 Lakestone Dr, Raleigh, NC

This home is located at 701 Lakestone Dr, Raleigh, NC 27609 since 31 August 2020 and is currently estimated at $3,764,214, approximately $939 per square foot. This property was built in 1964. 701 Lakestone Dr is a home located in Wake County with nearby schools including Root Elementary School, Oberlin Middle School, and Broughton Magnet 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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