NOT LISTED FOR SALE

8488 Covington Ridge Rd Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $944,000 - $1,082,000

4 Beds
4.5 Baths
5,106 Sq Ft
$198/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $880,000 $172 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,821/month

12 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Transitional Architecture
  • North Forest Pines Elementary School Rated A
  • Wooded Lot
  • Wood Flooring

About This Home

As of June 2022

Stunning 5000+ sq ft custom home nestled on over 1 acre private lot at the end of cul-de-sac. Spacious family rm includes coffered ceiling. Bright & open kitchen offers massive center island, granite tops & s/s apps. Huge primary suite has sitting area, marble top dual vanities & jetted tub w/ sep oversized tile shower. Lower level features rec rm, dining area, billiards rm, wet bar + option bedroom w/ full bath. Expansive deck w/ breathtaking views. Surrounded by acres of permanent land preserve.

Last Agent to Sell the Property

David Wilson

Carolina's Choice Real Estate License #158379 Listed on: 04/05/2022

Co-Listed By

Shelley Allen

Carolina's Choice Real Estate License #184472

Last Buyer's Agent

Jennifer Gallagher

Real Broker, LLC - Carolina Collective Realty License #275769

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,554

Year Built

  • Built in 2006

Lot Details

  • 1.14 Acre Lot
  • Cul-De-Sac
  • Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $37 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Transitional Architecture
  • Traditional Architecture

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Coffered Ceiling
  • Tray Ceiling
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Log Fireplace
  • Insulated Windows
  • Entrance Foyer
  • Family Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Recreation Room
  • Bonus Room
  • Storage
  • Laundry on upper level
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters
  • Porch

Schools

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

Utilities

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

Community Details

  • Lumina Community Mgt Association
  • Covington Ridge Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,554

Year Built

Built in 2006

Lot Details

0

HOA Fees

$37 per month

Parking

3

Listing Details

  • Year Built: 2006
  • Prop. Type: Residential
  • Co List Office Mls Id: 2379
  • Co List Office Phone: 919-788-9525
  • Subdivision Name: Covington Ridge
  • Above Grade Finished Sq Ft: 3564.0
  • 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: per survey
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Architectural Style Transitional: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Structure Type Site Built: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Room Types Recreation Room3: Yes
  • Water Source Community Water: Yes
  • General Property Information Above Grade Finished Area: 3564.0
  • General Property Information Below Grade Finished Area: 1542.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 49658.4
  • General Property Information Lot Size Acres: 1.14
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Central Vacuum, Coffered Ceiling(s), Double Vanity, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, Separate Shower, Smooth Ceilings, Storage, Tray Ceiling(s), Walk-In Closet(s), Walk-In Shower, Wet Bar, Whirlpool Tub
  • Basement: Exterior Entry, Finished, Full, Interior Entry
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Wall Oven
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1542.0
  • Fireplace Features: Gas, Gas Log
  • Fireplaces: 2
  • Total Bedrooms: 13
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Storage3: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Fireplace Features:Gas4: Yes
  • Interior Features:Wet Bar: Yes
  • Interior Features:Central Vacuum: Yes
  • Interior Features:Coffered Ceiling(s): Yes
  • Interior Features:Whirlpool Tub: Yes
  • Basement Finished: Yes
  • Full Basement: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 1.14
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Deck, Patio, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

  • Heating: Electric, Natural Gas, Zoned
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Electric4: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association Fee: 440.0
  • Association Fee Frequency: Annually
  • Association Name: Lumina Community Mgt
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Lumina Community Mgt
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 440.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Dimensions: per survey
  • Lot Size Sq Ft: 49658.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3554.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - N Forest Pines

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2022
Closed on
Jun 2, 2022
Sold by
Kruger Joshua J and Kruger Cathy N
Bought by
Baker John Derek and Baker Larissa
Seller's Agent
David Wilson
Carolina's Choice Real Estate
Buyer's Agent
Jennifer Gallagher
Real Broker, LLC - Carolina Collective Realty
List Price
$875,000
Sold Price
$880,000
Premium/Discount to List
$5,000
0.57%
Current Estimated Value
$1,012,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,205
Avg. Annual Appreciation
4.32%
Original Mortgage
$748,000
Outstanding Balance
$710,599
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$301,606

Purchase Details

Closed on
Jun 29, 2017
Sold by
Patel Animesh and Patel H
Bought by
Krugar Joshua J and Krugar Cathy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,100
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2007
Sold by
Triangle Home Partners Llc
Bought by
Patel Animesh and Patel H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2004
Sold by
Nc Capital Group Pursell Road Llc
Bought by
Triangle Home Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,700
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
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
Baker John Derek $880,000 Jackson Law Pc
Krugar Joshua J $567,000 None Available
Patel Animesh $534,000 None Available
Triangle Home Partners Llc $216,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker John Derek $748,000
Previous Owner Kruger Joshua J $399,843
Previous Owner Kruger Joshua J $405,400
Previous Owner Krugar Joshua J $424,100
Previous Owner Patel Animesh $246,078
Previous Owner Patel Animesh $264,210
Previous Owner Patel Animesh $274,666
Previous Owner Patel Animesh $285,780
Previous Owner Patel Animesh $294,500
Previous Owner Patel Animesh $297,600
Previous Owner Patel Animesh $300,000
Previous Owner Triangle Home Partners Llc $75,825
Previous Owner Triangle Home Partners Llc $191,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $880,000 -- --
06/02/2022 06/02/22 Sold $880,000 +0.6% $172 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $875,000 -- $171 / 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 $5,273 $821,289 $100,000 $721,289
2024 $5,120 $821,289 $100,000 $721,289
2023 $3,942 $502,961 $70,000 $432,961
2022 $3,652 $502,961 $70,000 $432,961
2021 $3,554 $502,961 $70,000 $432,961
2020 $2,986 $502,961 $70,000 $432,961
2019 $4,184 $509,877 $68,000 $441,877
2018 $3,846 $509,877 $68,000 $441,877
2017 $3,314 $463,310 $68,000 $395,310
2016 $3,247 $463,310 $68,000 $395,310
2015 $3,567 $510,736 $80,000 $430,736
2014 $3,381 $510,736 $80,000 $430,736
Source: Public Records

Agents Affiliated with this Home

  • David Wilson

    Seller's Agent in 2022

    David Wilson

    Carolina's Choice Real Estate

    (919) 412-9350

    34 in this area

    827 Total Sales

    David Wilson
    Section Image
  • Shelley Allen

    Seller Co-Listing Agent in 2022

    Shelley Allen

    Carolina's Choice Real Estate

    (919) 736-6393

    33 in this area

    858 Total Sales

    Shelley Allen
    Section Image
  • Jennifer Gallagher

    Buyer's Agent in 2022

    Jennifer Gallagher

    Real Broker, LLC - Carolina Collective Realty

    (919) 671-2615

    1 in this area

    14 Total Sales

    Jennifer Gallagher
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2440695

Doorify MLS

APN: 1812.02-77-9921-000

North Carolina Wake County Wake Forest 27587 Falls Lake

8488 Covington Ridge Rd, Wake Forest, NC

This home is located at 8488 Covington Ridge Rd, Wake Forest, NC 27587 since 05 April 2022 and is currently estimated at $1,012,205, approximately $198 per square foot. This property was built in 2006. 8488 Covington Ridge Rd 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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