NOT LISTED FOR SALE

721 Tailrace Falls Ct Wake Forest, NC 27587

Estimated Value: $481,000 - $522,000

4 Beds
2.5 Baths
2,518 Sq Ft
$201/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $500,000 $199 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,154/month

5 Days on Market

Highlights

  • Clubhouse
  • Transitional Architecture
  • Granite Countertops
  • Wake Forest High School Rated 9+
  • High Ceiling
  • Community Pool

About This Home

As of April 2022

Almost new home in fantastic community! Located just minutes from downtown, Historic Wake Forest with great neighborhood amenities! Open floor plan w/spacious family rm, gas log fireplace, light/bright neutral colors, and large bedrooms. The chef's kitchen boasts a huge center island, stainless appliances, granite countertops and tons of cabinet space. The owners' suite has garden tub, dual sink vanity & large walk-in shower. Large, flat, partially fenced back yard with patio.

Last Agent to Sell the Property

Jennifer Spencer

Spencer Properties License #189567 Listed on: 02/25/2022

Last Buyer's Agent

Mike Anderson

Choice Residential Real Estate License #327985

Choice Residential Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,453

Year Built

  • Built in 2019

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 79x157x38x160
  • Cul-De-Sac

HOA Fees

  • $60 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Private Driveway

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,518 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Dining Room
  • Utility Room
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Covered Patio or Porch

Schools

  • Forest Pines Elementary School
  • Wake Forest Middle School
  • Wake Forest High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Elite Mgmt. Association
  • Built by Taylor Morrison
  • Reynolds Mill Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,453

Year Built

Built in 2019

Lot Details

0

HOA Fees

$60 per month

Parking

2

Listing Details

  • Builder Name: Taylor Morrison
  • Year Built: 2019
  • Prop. Type: Residential
  • Subdivision Name: Reynolds Mill
  • Above Grade Finished Sq Ft: 2518.0
  • Architectural Style: Traditional, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 79x157x38x160
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: 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: 2
  • Flooring Vinyl: Yes
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Utilities Cable Available: Yes
  • Flooring Laminate: Yes
  • General Property Information Above Grade Finished Area: 2518.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 9583.2
  • General Property Information Lot Size Acres: 0.22
  • General Property Information Builder Name: Taylor Morrison
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Pantry, Smooth Ceilings, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Plumbed For Ice Maker
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log
  • Fireplaces: 1
  • Total Bedrooms: 8
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace Features:Family Room: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:High Speed Internet: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.22
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio, Porch
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Available
  • Heating: Forced Air, Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 180.0
  • Association Fee Frequency: Quarterly
  • Association Name: Elite Mgmt.
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Elite Mgmt.
  • Association Amenities:Pool: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 180.0
  • General Property Information:Association Fee Frequency: Quarterly

Schools

  • Ninth Grade High School: Wake - Wake Forest
  • Middle Or Junior School: Wake - Wake Forest

Lot Info

  • Lot Dimensions: 79x157x38x160
  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3453.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - Forest Pines

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2023
Sold by
D R Horton Inc
Bought by
Cordura Lara and Cordura John Mark
Current Estimated Value
$507,141

Purchase Details

Listed on
Feb 25, 2022
Closed on
Apr 1, 2022
Sold by
Navinchandra Dave Dilesh and Dile Veenaben
Bought by
Hirschfeld Theodore Mark and Beck Karen Patricia
Seller's Agent
Jennifer Spencer
Spencer Properties
Buyer's Agent
Mike Anderson
Choice Residential Real Estate
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.41%
Original Mortgage
$396,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2020
Sold by
Taylor Morrison Of Carolinas Inc
Bought by
Dave Dilesh Navinchandra and Dave Veenaben Dilesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,535
Interest Rate
3.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cordura Lara $555,000 None Listed On Document
Hirschfeld Theodore Mark $500,000 None Listed On Document
Dave Dilesh Navinchandra $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hirschfeld Theodore Mark $396,000
Previous Owner Dave Dilesh Navinchandra $269,535
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $500,000 -- --
04/11/2022 04/11/22 Sold $500,000 0.0% $199 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $500,000 0.0% $199 / Sq Ft
03/07/2022 03/07/22 Price Changed $500,000 +5.3% $199 / Sq Ft
02/25/2022 02/25/22 Price Changed $475,000 -- $189 / 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 $4,740 $490,781 $100,000 $390,781
2024 $4,722 $490,781 $100,000 $390,781
2023 $3,664 $313,588 $42,000 $271,588
2022 $3,515 $313,588 $42,000 $271,588
2021 $3,454 $313,588 $42,000 $271,588
2020 $3,454 $313,588 $42,000 $271,588
2019 $0 $52,000 $52,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2433253

Doorify MLS

APN: 1830.04-84-3723-000