7904 Paper Trail Wake Forest, NC 27587
Falls Lake NeighborhoodEstimated payment $5,234/month
Highlights
- Guest House
- Two Primary Bedrooms
- Open Floorplan
- RV Access or Parking
- 1.78 Acre Lot
- Cape Cod Architecture
About This Home
Modern Farmhouse on 1.78 Acres - in the heart of Wake Forest! This is the homestead you've been dreaming about—modern farmhouse charm, room to roam, and a GUEST COTTAGE ready for multi-gen living or incredible Airbnb income. Don't let 2,995 square feet & 4 Beds fool you... there's an additional 900+ square feet in the cottage alone! With no HOA and complete privacy, this one-of-a-kind property is only 3 miles from Target, Wegmans and under 10 minutes from Downtown Wake Forest. The main home showcases timeless design with custom woodwork and exquisite finishes. Fresh paint, new carpet, and a flexible layout offers both downstairs and upstairs Primary Suites. Enjoy quiet mornings and every sunrise on the screened-in porch that overlooks a raised-bed garden, custom made chicken coop and wooded canopy... or unwind with each sunset on the wrap-around front porch. The detached cottage is truly special: complete with a full kitchen, living room, 1.5 baths, one bedroom + bonus room, washer/dryer hookup, and its own private entrance—perfect for guests, in-laws, or an amazing short-term rental. This is more than just a home... it's a feeling! If you've been looking for your dream property without leaving the convenience of city life... you just found it. Welcome home.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,188
Year Built
- Built in 1987
Lot Details
- 1.78 Acre Lot
- Property fronts a private road
- Property fronts a county road
- Cul-De-Sac
- Poultry Coop
- Private Entrance
- Secluded Lot
- Wooded Lot
- Landscaped with Trees
- Private Yard
- Garden
Parking
- 2 Car Garage
- Parking Pad
- Side Facing Garage
- Garage Door Opener
- Private Driveway
- RV Access or Parking
Home Design
- Cape Cod Architecture
- Farmhouse Style Home
- Brick Foundation
- Pillar, Post or Pier Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 2,995 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Built-In Features
- Bookcases
- Bar Fridge
- Crown Molding
- Smooth Ceilings
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Wood Burning Stove
- Wood Burning Fireplace
- Self Contained Fireplace Unit Or Insert
- Fireplace Features Blower Fan
- Fireplace Features Masonry
- Insulated Windows
- Entrance Foyer
- Family Room with Fireplace
- Living Room
- Breakfast Room
- Dining Room
- Loft
- Screened Porch
- Storage
- Keeping Room
- Basement
- Crawl Space
- Attic Floors
Kitchen
- Eat-In Kitchen
- Butlers Pantry
- Self-Cleaning Oven
- Electric Range
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Brick
- Carpet
- Slate Flooring
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Double Master Bedroom
- Walk-In Closet
- In-Law or Guest Suite
- Double Vanity
- Bathtub with Shower
- Shower Only
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in multiple locations
- Washer and Dryer
Home Security
- Home Security System
- Fire and Smoke Detector
Outdoor Features
- Patio
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Additional Homes
- Guest House
Schools
- Forest Pines Elementary School
- Wake Forest Middle School
- Wake Forest High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Well
- Tankless Water Heater
- Gas Water Heater
- Water Purifier
- Water Softener
- Fuel Tank
- Septic Tank
Community Details
- No Home Owners Association
- Chaunceys At Twin Cedars Subdivision
Listing and Financial Details
- Assessor Parcel Number 1832006217
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,188 | $651,610 | $142,500 | $509,110 |
| 2024 | $4,067 | $651,610 | $142,500 | $509,110 |
| 2023 | $3,522 | $449,121 | $86,580 | $362,541 |
| 2022 | $3,264 | $449,121 | $86,580 | $362,541 |
| 2021 | $3,176 | $449,121 | $86,580 | $362,541 |
| 2020 | $3,123 | $449,121 | $86,580 | $362,541 |
| 2019 | $3,146 | $382,701 | $80,720 | $301,981 |
| 2018 | $2,892 | $382,701 | $80,720 | $301,981 |
| 2017 | $2,741 | $382,701 | $80,720 | $301,981 |
| 2016 | $2,686 | $382,701 | $80,720 | $301,981 |
| 2015 | $2,821 | $403,351 | $86,840 | $316,511 |
| 2014 | $2,674 | $403,351 | $86,840 | $316,511 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/27/2025 10/27/25 | Pending | -- | -- | -- |
| 10/24/2025 10/24/25 | For Sale | $925,000 | -- | $309 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $550,000 | None Available | |
| Warranty Deed | $450,000 | None Listed On Document | |
| Warranty Deed | $450,000 | None Listed On Document | |
| Warranty Deed | $295,000 | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $495,000 | New Conventional | |
| Previous Owner | $405,000 | New Conventional | |
| Previous Owner | $236,000 | No Value Available |
Source: Doorify MLS
MLS Number: 10129581
APN: 1832.03-00-6217-000
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.
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.
- 2405 Welsh Tavern Way
- 2420 Mollynick Ln
- 2425 Welsh Tavern Way
- 2040 Pleasant Forest Way
- 7105 Anglesey Ct
- 2637 Trifle Ln
- 7317 Wexford Woods Ln
- 7609 Thompson Mill Rd
- 7956 Wexford Woods Ln
- 8000 Wexford Waters Ln
- 7417 Dover Hills Dr
- 2725 Trifle Ln
- 7312 Wexford Woods Ln
- 7965 Wexford Waters Ln
- 7824 Ailesbury Rd
- 7961 Wexford Waters Ln
- 7813 Ailesbury Rd
- 8008 Wexford Waters Ln
- 2928 Wexford Pond Way
- 7400 New Forest Ln