NOT LISTED FOR SALE

7125 Cove Lake Dr Unit Lot 3 Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $1,339,000 - $1,407,000

5 Beds
5 Baths
4,278 Sq Ft
$318/Sq Ft Est. Value

About This Home

This home is located at 7125 Cove Lake Dr Unit Lot 3, Wake Forest, NC 27587 and is currently estimated at $1,362,187, approximately $318 per square foot. 7125 Cove Lake Dr Unit Lot 3 is a home located in Wake County with nearby schools including Brassfield Elementary School, Wakefield Middle, and Wakefield High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2015
Sold by
Homestead Building Co
Bought by
Krause Kenenth W and Kenneth Krause Trust
Current Estimated Value
$1,362,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,040
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2014
Sold by
The Cove At Falls Lake Llc
Bought by
Homestead Building Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.32%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Krause Kenenth W $867,000 Attorney
Homestead Building Co $151,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krause Kenenth W $650,040
Previous Owner Homestead Building Co $450,000
Source: Public Records

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 $7,732 $1,205,778 $250,000 $955,778
2024 $7,508 $1,205,778 $250,000 $955,778
2023 $6,486 $829,343 $250,000 $579,343
2022 $6,010 $829,343 $250,000 $579,343
2021 $5,848 $829,343 $250,000 $579,343
2020 $5,751 $829,343 $250,000 $579,343
2019 $6,920 $844,826 $160,000 $684,826
2018 $6,360 $844,826 $160,000 $684,826
2017 $6,027 $844,826 $160,000 $684,826
2016 $5,904 $844,826 $160,000 $684,826
2015 -- $354,400 $200,000 $154,400
Source: Public Records

Map

North Carolina Wake County Wake Forest 27587 Falls Lake

7125 Cove Lake Dr Unit Lot 3, Wake Forest, NC

This home is located at 7125 Cove Lake Dr Unit Lot 3, Wake Forest, NC 27587 and is currently estimated at $1,362,187, approximately $318 per square foot. 7125 Cove Lake Dr Unit Lot 3 is a home located in Wake County with nearby schools including Brassfield Elementary School, Wakefield Middle, and Wakefield High School.

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