NOT LISTED FOR SALE

7505 Summit Pine Way Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $1,463,818 - $1,735,000

4 Beds
4.5 Baths
3,990 Sq Ft
$393/Sq Ft Est. Value

Last Sold July 27, 2021

Last sale price $1,175,000 $294 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $9,071/month

5 Days on Market

Highlights

  • Family Room with Fireplace
  • Recreation Room
  • Wood Flooring
  • North Forest Pines Elementary School Rated A
  • Transitional Architecture
  • Main Floor Primary Bedroom

About This Home

As of July 2021

Stunning modern cottage sits on over an acre & a half in the prestigious Waterstone Reserve neighborhood. Enjoy one-of-a-kind views of protected/unbuildable acreage from your private pool and pristinely manicured/fenced yard complete with putting green, huge patio w/ phantom screens, outdoor kitchen and fireplace. Freshly painted inside & out, beautifully maintained with 1st flr master w/ stunning en-suite, porch, media room, ample storage, 3 car garage, 1st floor guest suite w/private bath and much more!

Last Agent to Sell the Property

Phillip Marquis

Marquis Realty License #291702 Listed on: 06/16/2021

Last Buyer's Agent

Michelle Zanfardino

Navigate Realty License #300497

Navigate Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,245

Year Built

  • Built in 2017

Lot Details

  • 1.56 Acre Lot
  • Landscaped

HOA Fees

  • $88 Monthly HOA Fees

Parking

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

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Brick or Stone Mason
  • Stone

Interior Spaces

  • 3,990 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Home Office
  • Recreation Room
  • Bonus Room
  • Screened Porch
  • Utility Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Laundry on main level

Schools

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

Utilities

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

Community Details

  • Ppm Association
  • Waterstone Reserve Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,245

Year Built

Built in 2017

Lot Details

0

HOA Fees

$88 per month

Parking

3

Listing Details

  • Year Built: 2017
  • Prop. Type: Residential
  • Subdivision Name: Waterstone Reserve
  • Above Grade Finished Sq Ft: 3990.0
  • 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: See plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Bonus Room: Yes
  • Room Types Den2: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Utility Room: Yes
  • Room Types Breakfast Room: Yes
  • In-Law Suite Details Main Foor: Yes
  • Room Types Recreation Room3: Yes
  • Water Source Community Water: Yes
  • General Property Information Above Grade Finished Area: 3990.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 67953.6
  • General Property Information Lot Size Acres: 1.56
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Eat-in Kitchen, Entrance Foyer, In-Law Floorplan, Pantry, Primary Downstairs
  • Basement: Crawl Space
  • Appliances: Dishwasher, Gas Cooktop, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log
  • Fireplaces: 2
  • Total Bedrooms: 11
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:In-Law Floorplan: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Acres: 1.56
  • Construction Type: Fiber Cement, Stone
  • Patio And Porch Features: Porch, Screened
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Construction Materials:Stone: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, 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:Garage Faces Front: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Association Fee: 88.0
  • Association Fee Frequency: Monthly
  • Association Name: PPM
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: PPM
  • 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

  • Lot Dimensions: See plat
  • Lot Size Sq Ft: 67953.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7245.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Wake - N Forest Pines

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Jul 27, 2021
Sold by
King Sean M and King Jennifer
Bought by
Nauman Nelly and Nauman Mark
Seller's Agent
Phillip Marquis
Marquis Realty
Buyer's Agent
Michelle Zanfardino
Navigate Realty
List Price
$1,200,000
Sold Price
$1,175,000
Premium/Discount to List
-$25,000
-2.08%
Current Estimated Value
$1,567,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,705
Avg. Annual Appreciation
7.14%
Original Mortgage
$25,000
Outstanding Balance
$22,753
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$1,544,952

Purchase Details

Closed on
Oct 30, 2017
Sold by
Monterey Bay Raleigh Llc
Bought by
King Sean M and King Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$821,015
Interest Rate
3.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Nauman Nelly $1,175,000 None Available
King Sean M $1,026,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nauman Nelly $25,000
Previous Owner King Sean M $821,015
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $1,175,000 -- --
07/27/2021 07/27/21 Sold $1,175,000 -2.1% $294 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $1,200,000 -- $301 / 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 $8,050 $1,255,438 $215,000 $1,040,438
2024 $7,816 $1,255,438 $215,000 $1,040,438
2023 $8,528 $1,091,153 $175,000 $916,153
2022 $7,571 $1,045,594 $175,000 $870,594
2021 $7,367 $1,045,594 $175,000 $870,594
2020 $7,245 $1,045,594 $175,000 $870,594
2019 $8,067 $985,293 $160,000 $825,293
2018 $7,414 $160,000 $160,000 $0
2017 $1,138 $160,000 $160,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Phillip Marquis

    Seller's Agent in 2021

    Phillip Marquis

    Marquis Realty

    (919) 805-2664

    10 in this area

    127 Total Sales

    Phillip Marquis
    Section Image
  • Michelle Zanfardino

    Buyer's Agent in 2021

    Michelle Zanfardino

    Navigate Realty

    (919) 219-1295

    6 in this area

    77 Total Sales

    Michelle Zanfardino
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2390125

Doorify MLS

APN: 1821.03-32-4779-000

North Carolina Wake County Wake Forest 27587 Falls Lake

7505 Summit Pine Way, Wake Forest, NC

This home is located at 7505 Summit Pine Way, Wake Forest, NC 27587 since 16 June 2021 and is currently estimated at $1,567,705, approximately $392 per square foot. This property was built in 2017. 7505 Summit Pine Way is a home located in Wake County with nearby schools including North Forest Pines Elementary School, Wakefield Middle, and Wakefield 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.

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