NOT LISTED FOR SALE

7348 Waterlook Way Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $1,380,000 - $1,550,000

5 Beds
7 Baths
4,574 Sq Ft
$326/Sq Ft Est. Value

Sale Details

Date Sold: March 28, 2022

Last sale price $1,176,290 $257 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $8,617 / mo

1 Day on Market

Highlights

  • Media Room
  • New Construction
  • Family Room with Fireplace
  • North Forest Pines Elementary School Rated A
  • Deck
  • Recreation Room

About This Home

As of March 2022

BACKS TO FALLS LAKE! 1ST FLR MASTER & STUDY/GUEST SUITE! 3 CAR GARAGE! GourmetKit: Quartz Ctops, White Stacked to Ceiling Cbnts w/SoftClose, Under Cbnt Lighting, CenterIsland w/Farm Sink & Brkfst Bar, White Tile Backsplash & SS Appls Incl GasCktop & WallOven! Mstr: w/VaultedCeiling! MBath: Dual Vanity w/CarraraMarble, Tile Srrnd Shower w/Frameless Glass & Tile Accents, FreestandingTub & WIC w/Laundry Access! FamRm: Tile Srrnd GasLog FP w/Blt Ins & Slider to Cvrd Deck w/Stone Srrnd FP! Bonus & Media Rooms!

Last Agent to Sell the Property

Jim Allen

Coldwell Banker HPW License #126077 Listed on: 03/31/2021

Coldwell Banker HPW

Last Buyer's Agent

Pierre LaPierre-Herrera

Keller Williams Realty License #184507

Keller Williams Realty

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 1.11 Acre Lot
  • Landscaped
  • Property is zoned R-80W

HOA Fees

  • $88 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Front Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Brick Veneer
  • Brick Foundation
  • Block Foundation
  • Frame Construction
  • Board and Batten Siding
  • Low Volatile Organic Compounds (VOC) Products or Finishes

Interior Spaces

  • 4,574 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Sealed Combustion
  • Insulated Windows
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Media Room
  • Recreation Room
  • Bonus Room
  • Screened Porch
  • Utility Room
  • Crawl Space
  • Unfinished Attic

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • In-Law or Guest Suite
  • Private Water Closet
  • Bathtub with Shower
  • Shower Only in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry in multiple locations

Home Security

  • Prewired Security
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Washer and Dryer

Eco-Friendly Details

  • Energy-Efficient Thermostat
  • No or Low VOC Paint or Finish

Outdoor Features

  • Deck
  • Outdoor Fireplace
  • Rain Gutters

Schools

  • N Forest Pines Elementary School
  • Wakefield Middle School
  • Wakefield High School

Utilities

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

Community Details

  • Ppm Management Association, Phone Number (919) 848-4911
  • Built by ICG Homes
  • Waterstone Reserve Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 2021 | New Construction

Lot Details

1.11 Acres

HOA Fees

$88 per month

Parking

3

Listing Details

  • Builder Name: ICG Homes
  • Year Built: 2021
  • Prop. Type: Residential
  • Subdivision Name: Waterstone Reserve
  • Above Grade Finished Sq Ft: 4574.0
  • Architectural Style: Traditional, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see survey
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features Water Closet: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Contract Information Estimated Completion Date: 2021-10-01
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: M
  • Laundry Features Upper Level: Yes
  • Room Types Bedroom 5 Level: M
  • Room Types Utility Room: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Remarks and Miscellaneous Syndication Remarks2: BACKS TO FALLS LAKE! 1ST FLR MASTER & STUDY/GUEST SUITE! 3 CAR GARAGE! GourmetKit: Quartz Ctops, White Stacked to Ceiling Cbnts w/SoftClose, Under Cbnt Lighting, CenterIsland w/Farm Sink & Brkfst Bar, White Tile Backsplash & SS Appls Incl GasCktop & WallOven! Mstr: w/VaultedCeiling! MBath: Dual Vanity w/CarraraMarble, Tile Srrnd Shower w/Frameless Glass & Tile Accents, FreestandingTub & WIC w/Laundry Access! FamRm: Tile Srrnd GasLog FP w/Blt Ins & Slider to Cvrd Deck w/Stone Srrnd FP! Bonus & Media Rooms!
  • Construction Materials Low VOC PaintSealantVarnish: Yes
  • General Property Information Association Phone: 919-848-4911
  • In-Law Suite Details Main Foor: Yes
  • Security Features Prewired: Yes
  • Room Types Recreation Room3: Yes
  • Foundation Details Block3: Yes
  • Foundation Details BrickMortar: Yes
  • Laundry Features Multiple Locations: Yes
  • Attic Features Unfinished2: Yes
  • Water Source Community Water: Yes
  • Room Types Mud Room: Yes
  • Room Types Media Room: Yes
  • General Property Information Above Grade Finished Area: 4574.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 48351.6
  • General Property Information Lot Size Acres: 1.11
  • General Property Information:Living Area3: 4574.0
  • General Property Information Builder Name: ICG Homes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Bookcases, Butler's Pantry, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, In-Law Floorplan, Pantry, Primary Downstairs, Quartz Counters, Separate Shower, Shower Only, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Water Closet
  • Basement: Crawl Space
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Gas Log, Outside, Sealed Combustion
  • Fireplaces: 2
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Tankless Water Heater: 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:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Outside: Yes
  • Fireplace Features:Sealed Combustion: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Quartz Counters: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Bookcases: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Attic Features:Walk-In Attic: Yes
  • Interior Features:In-Law Floorplan: Yes
  • Interior Features:Butler_squote_s Pantry: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 1.11
  • Construction Type: Board & Batten Siding, Brick Veneer, Fiber Cement, Low VOC Paint/Sealant/Varnish
  • Foundation Details: Block, Brick/Mortar
  • Patio And Porch Features: Covered, Deck, Porch, Screened
  • Accessibility Features:Accessible WasherDryer: Yes
  • 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
  • Construction Materials:Board Batten Siding: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Brick Veneer: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front, Garage Faces Side
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

  • Heating: Forced Air, Heat Pump, Natural Gas
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 88.0
  • Association Fee Frequency: Monthly
  • Association Name: PPM Management
  • Phone: 919-848-4911
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: PPM Management
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 88.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Zoning: R-80W
  • Lot Dimensions: see survey
  • Lot Size Sq Ft: 48351.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Thermostat: Yes

MLS Schools

  • Elementary School: Wake - N Forest Pines

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
Feb 17, 2022
Sold by
Icg Homes Llc
Bought by
Seller's Agent
Jim Allen
Coldwell Banker HPW
Buyer's Agent
Pierre LaPierre-Herrera
Keller Williams Realty
List Price
$1,150,000
Sold Price
$1,176,290
Premium/Discount to List
$26,290
2.29%
Current Estimated Value
$1,426,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,341
Avg. Annual Appreciation
5.50%
Original Mortgage
$70,000
Outstanding Balance
$64,002
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$1,426,089

Purchase Details

Closed on
Jan 30, 2019
Sold by
Ortiz Angela N and Ortiz Manuel D
Bought by
Icg Homes Llc

Purchase Details

Closed on
Oct 16, 2018
Sold by
Waterstone Partners Llc
Bought by
Ortiz Angela N and Ortiz Manuel D

Purchase Details

Closed on
Oct 1, 2018
Sold by
Waterstone Partners Llc
Bought by
Ortiz Angela N and Ortiz Manuel D
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Falls Lake, NC

  • Tina Barletta Real Estate Agent - HomeTowne Realty Clayton East

    Tina Barletta

    HomeTowne Realty Clayton East

    (984) 789-4620

    243 Total Sales

    2 in Falls Lake

    $610K - $865K Price Range

    Tina Barletta
     Section Image
  • Irene Mistretta Real Estate Agent - Kai Realty & Design LLC

    Irene Mistretta

    Kai Realty & Design LLC

    (984) 228-2106

    144 Total Sales

    4 in Falls Lake

    $834K - $1.3M Price Range

    Irene Mistretta
     Section Image
  • Anita Oxford Real Estate Agent - Compass -- Raleigh

    Anita Oxford

    Compass -- Raleigh

    (855) 578-2074

    129 Total Sales

    6 in Falls Lake

    $305K - $1.2M Price Range

    Anita Oxford
     Section Image
  • Chris Hewitt Real Estate Agent - Howard Hanna Allen Tate Raleigh Falls of Neuse

    Chris Hewitt

    Howard Hanna Allen Tate Raleigh Falls of Neuse

    (833) 454-1643

    32 Total Sales

    1 in Falls Lake

    $770,000 Price

    Chris Hewitt
     Section Image
  • Jody Doran Real Estate Agent - Compass -- Raleigh

    Jody Doran

    Compass -- Raleigh

    (425) 600-7106

    73 Total Sales

    4 in Falls Lake

    $775K - $2.1M Price Range

    Jody Doran
     Section Image
  • Stan Partin Real Estate Agent - Robbins and Associates Realty

    Stan Partin

    Robbins and Associates Realty

    (984) 205-5267

    108 Total Sales

    1 in Falls Lake

    $1,870,000 Price

    Stan Partin
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,176,500 Lauren Reeves Smith Debnam Nar
Icg Homes Llc $195,000 None Available
Ortiz Angela N $30,000 None Available
Ortiz Angela N $165,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $70,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $1,176,290 -- --
03/28/2022 03/28/22 Sold $1,176,290 +2.3% $257 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $1,150,000 -- $251 / Sq Ft
Source: Doorify MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,349 $1,302,267 $215,000 $1,087,267
2024 $8,107 $1,302,267 $215,000 $1,087,267
2023 $6,747 $862,771 $175,000 $687,771
2022 $3,981 $802,086 $175,000 $627,086
2021 $1,230 $175,000 $175,000 $0
2020 $1,209 $175,000 $175,000 $0
2019 $1,176 $144,000 $144,000 $0
2018 $421 $144,000 $144,000 $0
2017 $399 $144,000 $144,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Allen Real Estate Agent - Coldwell Banker HPW

    Seller's Agent in 2022

    Jim Allen

    Coldwell Banker HPW

    (787) 339-9134

    415 in this area

    4,485 Total Sales

    Jim Allen
    Section Image
  • Pierre LaPierre-Herrera Real Estate Agent - Keller Williams Realty

    Buyer's Agent in 2022

    Pierre LaPierre-Herrera

    Keller Williams Realty

    (919) 270-2717

    11 in this area

    165 Total Sales

    Pierre LaPierre-Herrera
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2375075

Doorify MLS

APN: 1821.03-22-3285-000

North Carolina Wake County Wake Forest 27587 Falls Lake

7348 Waterlook Way, Wake Forest, NC

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 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.

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