NOT LISTED FOR SALE

821 Precipice Way Unit 322 Wake Forest, NC 27587

Estimated Value: $538,700 - $592,000

4 Beds
3 Baths
2,563 Sq Ft
$218/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $424,495 $166 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,598/month

3 Days on Market

Highlights

  • New Construction
  • Traditional Architecture
  • High Ceiling
  • Richland Creek Elementary School Rated A-
  • Main Floor Bedroom
  • Granite Countertops

About This Home

As of October 2021

The Somerset II features a two-story foyer with a first floor guest suite on the front of the home. The open concept floorplan is spacious and accommodating with a large kitchen island in the gourmet kitchen. The second floor features open railing leading to a large loft space. The owners suite features three windows for natural light and a large vanity with two sinks in the owners bathroom. Finished amenities include pool, parks, playground & paved walking trail to come. Est Sept. ’21 completion.

Last Agent to Sell the Property

Rj Wiley

Lennar Carolinas LLC License #193899 Listed on: 03/17/2021

Co-Listed By

Jessica Jordan

Lennar Carolinas LLC License #301993

Last Buyer's Agent

Laurie Parker

Compass -- Raleigh License #248055

Compass -- Raleigh

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,070

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 114 x 62

HOA Fees

  • $93 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick or Stone Mason
  • Slab Foundation
  • Stone

Interior Spaces

  • 2,563 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Insulated Windows
  • Family Room
  • Breakfast Room
  • Laundry on upper level

Kitchen

  • Gas Cooktop
  • Range Hood
  • Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Separate Shower in Primary Bathroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • High Speed Internet

Community Details

Overview

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

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,070

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: Somerset 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: 2563.0
  • 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: 114 x 62
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2021-09-01
  • Flooring Carpet: Yes
  • Interior Features Separate Shower: 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 Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Room Types Breakfast Room: Yes
  • General Property Information Above Grade Finished Area: 2563.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 7405.2
  • General Property Information Lot Size Acres: 0.17
  • General Property Information Builder Name: Lennar Homes
  • General Property Information Builder Model: Somerset II
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Tile
  • Interior Amenities: Granite Counters, High Ceilings, High Speed Internet, Separate Shower, Walk-In Closet(s)
  • Appliances: Electric Water Heater, Gas Cooktop, Microwave, Range Hood
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Total Bedrooms: 8
  • Appliances:Gas Cooktop: Yes
  • Appliances:Range Hood: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Community Features:Street Lights: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:High Speed Internet: Yes

Exterior Features

  • Acres: 0.17
  • Construction Type: Fiber Cement, Stone
  • Foundation Details: Slab
  • Construction Materials:Fiber Cement: Yes
  • Construction Materials:Stone: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

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

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Pool, Street Lights
  • Association Fee: 93.0
  • Association Fee Frequency: Monthly
  • Association Name: Charleston
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Charleston
  • Association Amenities:Pool: 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: 114 x 62
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake - Richland Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
Oct 1, 2021
Sold by
Lennar Carolinas Llc
Bought by
Hughes Emily Nicole and Zebrowski Ryan James
Seller's Agent
Rj Wiley
Lennar Carolinas LLC
Buyer's Agent
Laurie Parker
Compass -- Raleigh
List Price
$415,430
Sold Price
$424,495
Premium/Discount to List
$9,065
2.18%
Current Estimated Value
$558,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,680
Avg. Annual Appreciation
7.75%
Original Mortgage
$411,700
Outstanding Balance
$379,482
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$182,597
Source: Public Records

Range of Values:

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Average Value
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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
Hughes Emily Nicole $424,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hughes Emily Nicole $411,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $424,495 -- --
10/01/2021 10/01/21 Sold $424,495 +2.2% $166 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $415,430 -- $162 / 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 $5,070 $528,004 $130,000 $398,004
2023 $3,992 $341,861 $110,000 $231,861
2022 $3,830 $341,861 $110,000 $231,861
2021 $1,205 $110,000 $110,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Rj Wiley

    Seller's Agent in 2021

    Rj Wiley

    Lennar Carolinas LLC

    (919) 740-1615

    257 in this area

    435 Total Sales

    Rj Wiley
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jessica Jordan

    Lennar Carolinas LLC

    Section Image

  • L

    Buyer's Agent in 2021

    Laurie Parker

    Compass -- Raleigh

    (919) 345-2764

    4 in this area

    73 Total Sales

    Laurie Parker
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2372575

Doorify MLS

APN: 1851.04-91-2554-000

North Carolina Wake County Wake Forest 27587

821 Precipice Way Unit 322, Wake Forest, NC

This home is located at 821 Precipice Way Unit 322, Wake Forest, NC 27587 since 17 March 2021 and is currently estimated at $558,175, approximately $217 per square foot. This property was built in 2021. 821 Precipice Way Unit 322 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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