NOT LISTED FOR SALE

7724 Fairlake Dr Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $768,000 - $854,000

4 Beds
3.5 Baths
3,586 Sq Ft
$223/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $755,000 $211 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,013/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Bonus Room
  • North Forest Pines Elementary School Rated A
  • Main Floor Primary Bedroom
  • High Ceiling

About This Home

As of July 2022

Gorgeous stone accented home on a HALF ACRE renovated by a national television network. Two story foyer with HARDWOODS throughout. Remodeled kitchen that is open to DR/LR is a chef's paradise with UPDATED cabinetry, a gas range, QUARTZ countertops and STAINLESS STEEL appliances. First floor master suite. Enjoy the views from the covered front porch. and fabulous screened in area to entertain out back with a FENCED backyard offering plenty of privacy. This home has many upgrades and improvements!!

Last Agent to Sell the Property

Rhonda Kosor

Mark Spain Real Estate License #221089 Listed on: 05/27/2022

Mark Spain Real Estate

Last Buyer's Agent

Ben Davis

DAVIS REALTY AND DEVELOPMENT C License #283761

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,348

Year Built

  • Built in 2004

Lot Details

  • 0.5 Acre Lot
  • Fenced Yard
  • Landscaped

HOA Fees

  • $34 Monthly HOA Fees

Parking

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

Home Design

  • Traditional Architecture
  • Brick or Stone Mason
  • Stone

Interior Spaces

  • 3,586 Sq Ft Home
  • 2-Story Property
  • Plumbed for Central Vacuum
  • Coffered Ceiling
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Utility Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer Hookup

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • N 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
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Fairlake Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,348

Year Built

Built in 2004

Lot Details

0

HOA Fees

$34 per month

Parking

3

Listing Details

  • Year Built: 2004
  • Prop. Type: Residential
  • Subdivision Name: Fairlake
  • Above Grade Finished Sq Ft: 3586.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See Plat Map
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: 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 Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 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
  • Laundry Features Electric Dryer Hookup: Yes
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Flooring Wood: Yes
  • Interior Features Bathtub Only: Yes
  • Interior Features Shower Only: Yes
  • Utilities Cable Available: Yes
  • In-Law Suite Details Main Foor: Yes
  • General Property Information Above Grade Finished Area: 3586.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 21780.0
  • Interior Features Central Vacuum Prewired: Yes
  • General Property Information Lot Size Acres: 0.5
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Combination, Tile, Wood
  • Interior Amenities: Bathtub Only, Bathtub/Shower Combination, Ceiling Fan(s), Central Vacuum Prewired, Coffered Ceiling(s), Entrance Foyer, High Ceilings, High Speed Internet, Primary Downstairs, Quartz Counters, Separate Shower, Shower Only, Smooth Ceilings, Walk-In Closet(s)
  • Basement: Crawl Space
  • Appliances: Dishwasher, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Total Bedrooms: 11
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Quartz Counters: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Coffered Ceiling(s): Yes
  • Appliances:Gas Range: Yes
  • Interior Features:High Speed Internet: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Fenced Yard
  • Acres: 0.5
  • Construction Type: Fiber Cement, Stone
  • Patio And Porch Features: Covered, Enclosed, Porch
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Stone: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Patio And Porch Features:Enclosed2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Garage, Garage Door Opener, Garage Faces Side
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 3.0

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

  • Association Fee: 404.5
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 404.5
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Dimensions: See Plat Map
  • Lot Size Sq Ft: 21780.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5348.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - N Forest Pines

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jul 5, 2022
Sold by
Gail M Bowen Revocable Trust
Bought by
Rose Matthew P and Rose Terri L
Seller's Agent
Rhonda Kosor
Mark Spain Real Estate
Buyer's Agent
Ben Davis
DAVIS REALTY AND DEVELOPMENT C
List Price
$725,000
Sold Price
$755,000
Premium/Discount to List
$30,000
4.14%
Current Estimated Value
$805,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,389
Avg. Annual Appreciation
1.84%
Original Mortgage
$679,500
Outstanding Balance
$647,438
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$151,782

Purchase Details

Closed on
Feb 17, 2020
Sold by
Brown Jonathan and Brown Melissa
Bought by
Gail M Bowen Revocable Trust

Purchase Details

Closed on
Aug 26, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Brown Melissa and Brown Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,600
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2012
Sold by
Molinari Rosemary
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 9, 2012
Sold by
Molinari Rosemary A
Bought by
Hickson Bernard E

Purchase Details

Closed on
May 24, 2004
Sold by
R G Tee Securities Inc
Bought by
Molinari Rosemary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 29, 2001
Sold by
Wentworth Park Inc
Bought by
R G Tec Securities Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
7.11%
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
Rose Matthew P $755,000 Hilton Silvers & Mcclanahan Pl
Gail M Bowen Revocable Trust $459,000 None Available
Brown Melissa -- None Available
Federal Home Loan Mortgage Corporation $378,500 None Available
Hickson Bernard E -- None Available
Molinari Rosemary A $318,000 None Available
R G Tec Securities Inc $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rose Matthew P $679,500
Previous Owner Brown Melissa $20,000
Previous Owner Brown Melissa $295,000
Previous Owner Brown Melissa $292,600
Previous Owner Molinari Rosemary $40,000
Previous Owner Molinari Rosemary A $361,500
Previous Owner Molinari Rosemary $100,000
Previous Owner Molinari Rosemary $198,000
Previous Owner Molinari Paul $80,000
Previous Owner Molinari Rosemary A $118,000
Previous Owner R G Tec Securities Inc $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $755,000 -- --
07/07/2022 07/07/22 Sold $755,000 +4.1% $211 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $725,000 -- $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
2024 $7,097 $733,387 $115,000 $618,387
2023 $5,674 $486,592 $50,000 $436,592
2022 $5,443 $486,592 $50,000 $436,592
2021 $5,348 $486,592 $50,000 $436,592
2020 $5,348 $486,592 $50,000 $436,592
2019 $5,258 $422,183 $70,000 $352,183
2018 $4,978 $422,183 $70,000 $352,183
2017 $4,812 $422,183 $70,000 $352,183
2016 $4,751 $422,183 $70,000 $352,183
2015 $5,007 $439,603 $85,000 $354,603
2014 $4,847 $439,603 $85,000 $354,603
Source: Public Records

Agents Affiliated with this Home

  • Rhonda Kosor

    Seller's Agent in 2022

    Rhonda Kosor

    Mark Spain

    (919) 868-6162

    14 in this area

    240 Total Sales

    Section Image
  • Ben Davis

    Buyer's Agent in 2022

    Ben Davis

    DAVIS REALTY AND DEVELOPMENT C

    (919) 356-6881

    1 in this area

    22 Total Sales

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Map

Source: Doorify MLS

MLS Number: 2452045

Doorify MLS

APN: 1832.04-50-8525-000

North Carolina Wake County Wake Forest 27587 Falls Lake

7724 Fairlake Dr, Wake Forest, NC

This home is located at 7724 Fairlake Dr, Wake Forest, NC 27587 since 27 May 2022 and is currently estimated at $799,220, approximately $222 per square foot. This property was built in 2004. 7724 Fairlake Dr is a home located in Wake County with nearby schools including North Forest Pines Elementary School, Wake Forest-Rolesville Middle School, and Wake Forest 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.

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 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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