NOT LISTED FOR SALE

805 Precipice Way Unit 318 Wake Forest, NC 27587

Estimated Value: $547,000 - $612,000

5 Beds
3 Baths
2,836 Sq Ft
$202/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $413,525 $146 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,706/month

Highlights

  • New Construction
  • Clubhouse
  • Wood Flooring
  • Richland Creek Elementary School Rated A-
  • Traditional Architecture
  • Main Floor Bedroom

About This Home

As of September 2021

The Edison II features a guest bedroom tucked away on the main level with big windows shaded by the cozy front porch. The first floor is wide open with windows all around! A huge gourmet kitchen with large island looks out over breakfast area, screened porch . Upstairs there is a large loft, three bedrooms, two full baths and the owners retreat provides a luxurious escape. Lennar homes feature everything connected. From a WIFI mesh system, plus the Ring door bell and alarm. Community pool!

Last Agent to Sell the Property

Jessica Jordan

Lennar Carolinas LLC License #301993 Listed on: 02/26/2021

Lennar Carolinas LLC

Co-Listed By

Rj Wiley

Lennar Carolinas LLC License #193899

Last Buyer's Agent

AnnMarie Janni

Allen Tate/Apex-Center Street License #214283

Allen Tate/Apex-Center Street

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,327

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 126 x 68

HOA Fees

  • $93 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,836 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Breakfast Room
  • Dining Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Schools

  • Richland Creek Elementary School
  • Wake Forest Middle School
  • Wake Forest High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Overview

  • Charleston Management Association
  • Built by Lennar Homes
  • Tryon Subdivision, Edison Ii Floorplan

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,327

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$93 per month

Parking

2

Listing Details

  • Builder Name: Lennar Homes
  • Builder Model: Edison II
  • Year Built: 2021
  • Prop. Type: Residential
  • Co List Office Mls Id: 3192
  • Co List Office Phone: 919-337-9420
  • Subdivision Name: Tryon
  • Above Grade Finished Sq Ft: 2836.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 126 X 68
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Flooring Tile: Yes
  • Structure Type Site Built: Yes
  • Contract Information Estimated Completion Date: 2021-08-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Property Condition Framed: No
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Room Types Bedroom 5 Level: 2
  • Room Types Breakfast Room: Yes
  • Flooring Wood: Yes
  • General Property Information Above Grade Finished Area: 2836.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 7840.8
  • General Property Information Lot Size Acres: 0.18
  • General Property Information Builder Name: Lennar Homes
  • General Property Information Builder Model: Edison II
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Combination, Tile, Wood
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Total Bedrooms: 14
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Acres: 0.18
  • Construction Type: Fiber Cement
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Natural Gas, Zoned
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Association Fee: 93.0
  • Association Fee Frequency: Monthly
  • Association Name: Charleston Management
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Charleston Management
  • Association Amenities:Pool: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 93.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: 126 X 68
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake - Richland Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2021
Closed on
Sep 24, 2021
Sold by
Lennar Carolinas Llc
Bought by
Adams Nicholas Jeffrey and Davanzo Kristina Lauren
Seller's Agent
Jessica Jordan
Lennar Carolinas LLC
Buyer's Agent
AnnMarie Janni
Allen Tate/Apex-Center Street
List Price
$413,525
Sold Price
$413,525
Current Estimated Value
$573,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,288
Avg. Annual Appreciation
9.05%
Original Mortgage
$330,820
Outstanding Balance
$304,931
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$268,882
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
Adams Nicholas Jeffrey $414,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Nicholas Jeffrey $330,820
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $413,525 -- --
09/24/2021 09/24/21 Sold $413,525 0.0% $146 / Sq Ft
02/26/2021 02/26/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $413,525 -- $146 / 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 $5,327 $555,505 $130,000 $425,505
2023 $4,173 $357,376 $110,000 $247,376
2022 $4,003 $357,376 $110,000 $247,376
2021 $1,205 $110,000 $110,000 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jessica Jordan

    Lennar Carolinas LLC

    Section Image
  • Rj Wiley

    Seller Co-Listing Agent in 2021

    Rj Wiley

    Lennar Carolinas LLC

    (919) 740-1615

    257 in this area

    435 Total Sales

    Rj Wiley
    Section Image
  • AnnMarie Janni

    Buyer's Agent in 2021

    AnnMarie Janni

    Allen Tate/Apex-Center Street

    (919) 389-9782

    9 in this area

    423 Total Sales

    AnnMarie Janni
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2369074

Doorify MLS

APN: 1851.04-91-2320-000

North Carolina Wake County Wake Forest 27587

805 Precipice Way Unit 318, Wake Forest, NC

This home is located at 805 Precipice Way Unit 318, Wake Forest, NC 27587 since 26 February 2021 and is currently estimated at $573,813, approximately $202 per square foot. This property was built in 2021. 805 Precipice Way Unit 318 is a home located in Wake County with nearby schools including Richland Creek Elementary School, Wake Forest-Rolesville Middle School, and Wake Forest High School.

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