NOT LISTED FOR SALE

7312 Lakefall Dr Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $660,175 - $759,000

4 Beds
2.5 Baths
2,551 Sq Ft
$275/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $607,500 $238 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,058/month

2 Days on Market

Highlights

  • Deck
  • Great Room with Fireplace
  • Traditional Architecture
  • Pleasant Union Elementary School Rated A
  • Wooded Lot
  • Cathedral Ceiling

About This Home

As of April 2022

Showings Start Today at This Remote Yet Conveniently Located Wake Forest Treasure! Less than 5 Mins to Upper Barton's Creek Boat Ramp, Harris Teeter Plaza, 10 mins to 50/Creedmoor & 20 Mins to Downtown Durham or RDU! .92 Acre Lot with a Shed, Screened Porch, Decks, and a Fenced Yard. You'll Fall for the Huge Wide Open Living Area with Site Finished Hardwoods on Main Floor. Room to Gather, Entertain, Relax, Work, Study, Cook, Roam, Garden & Tinker Here! Newer Roof and HVACs Plus Tankless Water Heater!

Last Agent to Sell the Property

Debbie Van Horn

Compass -- Raleigh License #234538 Listed on: 03/07/2022

Last Buyer's Agent

John Simms

EXP Realty LLC License #187900

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,634

Year Built

  • Built in 1998

Lot Details

  • 0.92 Acre Lot
  • Lot Dimensions are 216 x 39 x 211 x 32 x 140 x 60 x 271
  • Fenced Yard
  • Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $3 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Circular Driveway
  • Gravel Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,551 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • Family Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Den
  • Workshop
  • Screened Porch
  • Storage
  • Utility Room
  • Crawl Space

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in Hall
  • Laundry on upper level

Attic

  • Attic Floors
  • Permanent Attic Stairs
  • Unfinished Attic

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters

Schools

  • Pleasant Union Elementary School
  • Wakefield Middle School
  • Wakefield High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank

Community Details

  • Optional HOA Fee Association
  • Lakefall Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,634

Year Built

Built in 1998

Lot Details

0

HOA Fees

$3 per month

Parking

2

Listing Details

  • Year Built: 1998
  • Prop. Type: Residential
  • Reso Association Fee Includes: None
  • Subdivision Name: Lakefall
  • Above Grade Finished Sq Ft: 2551.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 260.0
  • General Property Information Total Unfinished Area2: 260.0
  • General Property Information Lot Size Dimensions: 216 x 39 x 211 x 32 x 140 x 60 x 271
  • General Property Information Association Fee Required YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: 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 Den2: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Laundry Features Laundry Closet: Yes
  • Laundry Features In Hall: Yes
  • Room Types Workshop2: Yes
  • Attic Features Unfinished2: Yes
  • Water Source Community Water: Yes
  • General Property Information Above Grade Finished Area: 2551.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 40075.2
  • General Property Information Lot Size Acres: 0.92
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Cathedral Ceiling(s), Ceiling Fan(s), Double Vanity, Entrance Foyer, High Ceilings, Pantry, Smooth Ceilings, Soaking Tub, Storage, Walk-In Closet(s), Walk-In Shower
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Range, Gas Water Heater, Refrigerator, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Great Room, Wood Burning
  • Total Bedrooms: 10
  • Appliances Dishwasher: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Attic Features:Floored: Yes
  • Fireplace Features:Great Room: Yes
  • Attic Features:Permanent Stairs: Yes

Exterior Features

  • Exterior Features: Fenced Yard, Rain Gutters
  • Acres: 0.92
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered, Deck, Patio, Porch, Screened
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Lot Features:Wooded: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck2: Yes
  • Exterior Features:Fenced - Yard: Yes

Garage/Parking

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

Utilities

  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association Fee: 35.0
  • Association Fee Frequency: Annually
  • Association Name: Optional HOA fee
  • Association: No

Association/Amenities

  • General Property Information:Association Name: Optional HOA fee
  • General Property Information:Association YN: No
  • General Property Information:Association Fee: 35.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Dimensions: 216 x 39 x 211 x 32 x 140 x 60 x 271
  • Lot Size Sq Ft: 40075.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2634.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - Pleasant Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2014
Sold by
Daniels Don Thomas and Daniels Cynthia B
Bought by
Mcgeary Alison S
Current Estimated Value
$701,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Outstanding Balance
$194,535
Interest Rate
4.33%
Mortgage Type
New Conventional
Estimated Equity
$507,259

Purchase Details

Closed on
Jan 21, 1999
Sold by
Marquis Homes & Company
Bought by
Daniels Don Thomas and Daniels Martha W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.71%

Purchase Details

Closed on
Feb 24, 1998
Sold by
98 Partners Llc
Bought by
Marquis Homes & Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,100
Interest Rate
6.86%
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
Mcgeary Alison S $320,000 None Available
Daniels Don Thomas $230,000 --
Marquis Homes & Company $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgeary Alison S $256,000
Previous Owner Daniels Don Thomas $170,000
Previous Owner Marquis Homes & Company $160,100
Closed Marquis Homes & Company $39,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $607,500 -- --
04/18/2022 04/18/22 Sold $607,500 +18.0% $238 / Sq Ft
03/12/2022 03/12/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $515,000 -- $202 / 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 $4,138 $643,816 $150,000 $493,816
2024 $4,018 $643,816 $150,000 $493,816
2023 $2,920 $371,929 $85,000 $286,929
2022 $2,706 $371,929 $85,000 $286,929
2021 $2,634 $371,929 $85,000 $286,929
2020 $2,590 $371,929 $85,000 $286,929
2019 $2,722 $330,804 $110,000 $220,804
2018 $2,502 $330,804 $110,000 $220,804
2017 $2,372 $330,804 $110,000 $220,804
2016 $2,324 $330,804 $110,000 $220,804
2015 $2,567 $366,670 $130,000 $236,670
2014 $2,433 $366,670 $130,000 $236,670
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Debbie Van Horn

    Compass -- Raleigh

  • J

    Buyer's Agent in 2022

    John Simms

    EXP Realty LLC

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Map

Source: Doorify MLS

MLS Number: 2435133

Doorify MLS

APN: 0881.02-85-7175-000

North Carolina Wake County Wake Forest 27587 Falls Lake

7312 Lakefall Dr, Wake Forest, NC

This home is located at 7312 Lakefall Dr, Wake Forest, NC 27587 since 07 March 2022 and is currently estimated at $701,794, approximately $275 per square foot. This property was built in 1998. 7312 Lakefall Dr is a home located in Wake County with nearby schools including Pleasant Union Elementary School, Wakefield Middle, and Wakefield High School.

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