NOT LISTED FOR SALE

8801 Rainer Way Wake Forest, NC 27587

Falls Lake Neighborhood

Estimated Value: $742,000 - $784,000

5 Beds
4.5 Baths
3,664 Sq Ft
$207/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $707,000 $193 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,436/month

3 Days on Market

Highlights

  • Two Primary Bedrooms
  • Recreation Room
  • Cathedral Ceiling
  • North Forest Pines Elementary School Rated A
  • Transitional Architecture
  • Wood Flooring

About This Home

As of March 2023

Come see this beauty in Wake Forest. Convenient to 98 this home features FIVE bedrooms, a bonus room upstairs with its own bath and closets everywhere you look. With a Master bed on the first AND second floor there is plenty of room to stretch out. The Kitchen opens up and allows you to be in sight of guests in the large family room and the fireplace. A formal dining area allows room for more intimate gatherings. The screened back porch and large stamped concrete porch add the finishing touch. The home also has a whole home water filtration system! Amish built shed in back adds to the already high amount of storage in this home!

Last Agent to Sell the Property

Mark Hargrove

Mark Spain Real Estate License #327030 Listed on: 01/13/2023

Mark Spain Real Estate

Last Buyer's Agent

Alison Wojnarowski

LPT Realty, LLC License #317322

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,687

Year Built

  • Built in 2020

Lot Details

  • 0.76 Acre Lot
  • Cul-De-Sac

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Private Driveway

Home Design

  • Transitional Architecture
  • Brick or Stone Mason
  • Shake Siding
  • Stone

Interior Spaces

  • 3,664 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Dining Room
  • Recreation Room
  • Bonus Room
  • Utility Room
  • Laundry in multiple locations
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Butlers Pantry
  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Double Master Bedroom
  • Walk-In Closet
  • Bathtub with Shower
  • Shower Only in Primary Bathroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Sterling Crest II Association
  • Sterling Crest Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,687

Year Built

Built in 2020

Lot Details

0

HOA Fees

$58 per month

Parking

2

Listing Details

  • Year Built: 2020
  • Prop. Type: Residential
  • Subdivision Name: Sterling Crest
  • Above Grade Finished Sq Ft: 3664.0
  • Architectural Style: Transitional
  • 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
  • Wall Oven: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: 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
  • Room Types Primary Bedroom Level: M
  • Laundry Features Upper Level: Yes
  • Room Types Bedroom 5 Level: 2
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Utilities Cable Available: Yes
  • Room Types Recreation Room3: Yes
  • Laundry Features Multiple Locations: Yes
  • Water Source Community Water: Yes
  • Interior Features Second Primary Bedroom: Yes
  • General Property Information Above Grade Finished Area: 3664.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 33105.6
  • General Property Information Lot Size Acres: 0.76
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Bathtub/Shower Combination, Butler's Pantry, Cathedral Ceiling(s), Ceiling Fan(s), Entrance Foyer, Granite Counters, High Ceilings, Pantry, Primary Downstairs, Second Primary Bedroom, Separate Shower, Shower Only, Smooth Ceilings, Tray Ceiling(s), Walk-In Closet(s)
  • Basement: Crawl Space
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Gas, Gas Log
  • Fireplaces: 1
  • Total Bedrooms: 11
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Fireplace Features:Gas4: Yes
  • Interior Features:Butler_squote_s Pantry: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.76
  • Construction Type: Fiber Cement, Shake Siding, Stone
  • Construction Materials:Fiber Cement: Yes
  • Construction Materials:Stone: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Construction Materials:Shake Siding: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Concrete, Driveway, Garage Faces Front
  • Parking Features:Attached: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 700.0
  • Association Fee Frequency: Annually
  • Association Name: Sterling Crest II
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Sterling Crest II
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 700.0
  • 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: See Plat Map
  • Lot Size Sq Ft: 33105.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3687.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake - N Forest Pines

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Feb 8, 2023
Sold by
Sauls Rachel L
Bought by
Cordwin William and Cordwin Rebecca
Seller's Agent
Mark Hargrove
Mark Spain Real Estate
Buyer's Agent
Alison Wojnarowski
LPT Realty, LLC
List Price
$699,000
Sold Price
$707,000
Premium/Discount to List
$8,000
1.14%
Views
22
Current Estimated Value
$758,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,432
Avg. Annual Appreciation
2.78%
Original Mortgage
$565,600
Outstanding Balance
$547,269
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$211,163

Purchase Details

Closed on
Sep 22, 2020
Sold by
Caviness & Cates Building And Dev Co
Bought by
Sauls Rachel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,124
Interest Rate
2.9%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cordwin William $707,000 --
Sauls Rachel L $559,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordwin William $565,600
Previous Owner Sauls Rachel L $579,124
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $707,000 -- --
03/03/2023 03/03/23 Sold $707,000 +1.1% $193 / Sq Ft
01/15/2023 01/15/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $699,000 -- $191 / 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 $4,481 $697,434 $100,000 $597,434
2024 $4,351 $697,434 $100,000 $597,434
2023 $3,979 $507,706 $80,000 $427,706
2022 $3,687 $507,706 $80,000 $427,706
2021 $3,588 $507,706 $80,000 $427,706
2020 $553 $80,000 $80,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Hargrove

    Seller's Agent in 2023

    Mark Hargrove

    Mark Spain

    (919) 623-4726

    5 in this area

    150 Total Sales

    Mark Hargrove
    Section Image
  • Alison Wojnarowski

    Buyer's Agent in 2023

    Alison Wojnarowski

    LPT Realty, LLC

    (919) 504-5265

    33 in this area

    295 Total Sales

    Alison Wojnarowski
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2490002

Doorify MLS

APN: 1822.02-76-9407-000

North Carolina Wake County Wake Forest 27587 Falls Lake

8801 Rainer Way, Wake Forest, NC

This home is located at 8801 Rainer Way, Wake Forest, NC 27587 since 13 January 2023 and is currently estimated at $758,432, approximately $206 per square foot. This property was built in 2020. 8801 Rainer Way 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.

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.

Nearby Homes