NOT LISTED FOR SALE

701 Marshall Farm St Unit RH Lot 61 Wake Forest, NC 27587

Estimated Value: $707,000

5 Beds
4 Baths
4,362 Sq Ft
$162/Sq Ft Est. Value

Last Sold November 23, 2022

Last sale price $819,990 $188 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $4,661/month

98 Days on Market

Highlights

  • New Construction
  • Traditional Architecture
  • Forced Air Zoned Heating and Cooling System
  • Jones Dairy Elementary School Rated A
  • Tile Flooring
  • 2 Car Garage

About This Home

As of November 2022

Popular Melrose Plan! Large corner lot with flat backyard. Gameroom / Media option is a showstopper! Private office perfect for working from home. Guest Suite down stairs is great for visitors to have their own private space. Large owners and secondary bedrooms upstairs. Well appointed finishes throughout!

Last Agent to Sell the Property

Alex Lilly

Pulte Home Company LLC License #275120 Listed on: 07/11/2022

Pulte Home Company LLC

Last Buyer's Agent

Gene Stallings

RE/MAX United License #55109

RE/MAX United

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,021

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 10,280 Sq Ft Lot

HOA Fees

  • $89 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Shake Siding

Interior Spaces

  • 4,362 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Crawl Space

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Association fees include cable TV
  • Regency At Heritage Subdivision, Melrose Floorplan

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,021

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$89 per month

Parking

2

Listing Details

  • Builder Model: Melrose
  • Year Built: 2022
  • Prop. Type: Residential
  • Reso Association Fee Includes: Cable TV
  • Subdivision Name: Regency at Heritage
  • Above Grade Finished Sq Ft: 4362.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See Plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2022-11-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Architectural Style Traditional: Yes
  • General Property Information Above Grade Finished Area: 4362.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 10280.16
  • General Property Information Lot Size Acres: 0.236
  • General Property Information Builder Model: Melrose
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Luxury Vinyl, Tile
  • Basement: Crawl Space
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Total Bedrooms: 12
  • Basement:Crawl Space: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.24
  • Construction Type: Brick, Fiber Cement, Shake Siding
  • Construction Materials:Fiber Cement: Yes
  • Construction Materials:Brick: Yes
  • Construction Materials:Shake Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 268.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Cable TV2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 268.0
  • General Property Information:Association Fee Frequency: Quarterly

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Dimensions: See Plat
  • Lot Size Sq Ft: 10280.16
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Nov 22, 2022
Sold by
Pulte Home Company Llc
Bought by
Venkatachalapathy Rajesh and Kumaresan Maheswari
Seller's Agent
Alex Lilly
Pulte Home Company LLC
Buyer's Agent
Gene Stallings
RE/MAX United
List Price
$861,610
Sold Price
$819,990
Premium/Discount to List
-$41,620
-4.83%
Views
2
Current Estimated Value
$707,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$112,990
Avg. Annual Appreciation
-5.32%
Original Mortgage
$646,990
Outstanding Balance
$619,634
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$87,366
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
Venkatachalapathy Rajesh $820,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venkatachalapathy Rajesh $646,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $819,990 -- --
11/23/2022 11/23/22 Sold $819,990 0.0% $188 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
09/19/2022 09/19/22 Price Changed $819,990 -2.8% $188 / Sq Ft
07/22/2022 07/22/22 Price Changed $843,610 -2.1% $193 / Sq Ft
07/11/2022 07/11/22 For Sale $861,610 -- $198 / 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 $8,021 $844,159 $115,000 $729,159
2023 $7,266 $623,556 $80,000 $543,556
2022 $499 $80,000 $80,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Lilly

    Seller's Agent in 2022

    Alex Lilly

    Pulte Home Company LLC

    (804) 301-5656

    100 in this area

    2,013 Total Sales

    Section Image
  • Gene Stallings

    Buyer's Agent in 2022

    Gene Stallings

    RE/MAX United

    (919) 845-2166

    2 in this area

    38 Total Sales

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2461433

Doorify MLS

APN: 1749.02-66-9369-000

North Carolina Wake County Wake Forest 27587

701 Marshall Farm St Unit RH Lot 61, Wake Forest, NC

This home is located at 701 Marshall Farm St Unit RH Lot 61, Wake Forest, NC 27587 since 11 July 2022 and is currently estimated at $707,000, approximately $162 per square foot. This property was built in 2022. 701 Marshall Farm St Unit RH Lot 61 is a home located in Wake County with nearby schools including Jones Dairy Elementary School, Heritage Middle School, and Heritage 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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