NOT LISTED FOR SALE

Estimated Value: $1,338,000 - $1,540,000

4 Beds
3.5 Baths
4,545 Sq Ft
$322/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $1,480,000 $326 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,670/month

236 Days on Market

Highlights

  • Horses Allowed On Property
  • Two Primary Bedrooms
  • Craftsman Architecture
  • New Construction
  • 16.26 Acre Lot
  • Wood Flooring

About This Home

As of July 2024

Spectacular Luxury home on over 16 Acres in an equestrian community. Open concept home offers a stunning Kitchen w/ a Large Quartz Island, Sub Zero Refrigerator, Double Ovens, Beverage Drawers, & Cabinets galore! Entertain in the expansive Living Room & separate Dining Area w/ a gorgeous Fireplace! There are 2 gorgeous Primary Bed Suites. Property includes a Home Generator, Detached Workshop, & beautiful trails to enjoy w/ family & friends. Enjoy Country living close to Wake Forest. No HOA, No City Taxes! Photo of backyard pool oasis is for illustration purposes only, as a concept for what can be installed there.

Last Listed By

Dan Gunther

Allen Tate/ Lake Royale License #313337 Listed on: 08/24/2023

Allen Tate/ Lake Royale

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,021

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 16.26 Acre Lot
  • Cleared Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Private Driveway
  • 4 Open Parking Spaces

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Frame Construction
  • Shake Siding

Interior Spaces

  • 4,545 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Propane Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • Living Room
  • Dining Room
  • Bonus Room
  • Workshop
  • Utility Room

Kitchen

  • Double Oven
  • Electric Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Double Master Bedroom
  • Walk-In Closet
  • Double Vanity
  • Private Water Closet
  • Separate Shower in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat

Outdoor Features

  • Patio
  • Separate Outdoor Workshop
  • Outbuilding
  • Rain Gutters
  • Porch

Schools

  • Royal Elementary School
  • Cedar Creek Middle School
  • Franklinton High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Zoned Cooling and Heating System
  • Heat Pump System
  • Power Generator
  • Well
  • Tankless Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Cedarwood Trail Subdivision

Listing and Financial Details

  • Assessor Parcel Number 029409

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,021

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Year Built: 2023
  • Prop. Type: Residential
  • Horses: Yes
  • Subdivision Name: Cedarwood Trail
  • Above Grade Finished Sq Ft: 4545.0
  • Architectural Style: Craftsman, Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Lighting, Thermostat
  • Effective Year Built: 2023
  • General Property Information Above Grade Unfinished Area: 38.0
  • General Property Information Total Unfinished Area2: 38.0
  • General Property Information Lot Size Dimensions: See Plat Map
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features Water Closet: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Structure Type Site Built: Yes
  • Contract Information Estimated Completion Date: 2023-09-01
  • Cooling Zoned: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Levels Two: Yes
  • Lot Features Partially Cleared: Yes
  • Property Condition Framed: Yes
  • Water Source Well: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Bedroom 3 Level: Second
  • Room Types Bedroom 4 Level: Second
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: Main
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Other Structures Outbuilding: Yes
  • Room Types Living Room2: Yes
  • Architectural Style Craftsman: Yes
  • Other Structures Workshop: Yes
  • Room Types Workshop2: Yes
  • General Property Information Enhanced Accessible2: No
  • Interior Features Second Primary Bedroom: Yes
  • General Property Information Horse YN2: Yes
  • Room Types Entrance Hall: Yes
  • Cooling Wall Unit(s): Yes
  • General Property Information Above Grade Finished Area: 4545.0
  • General Property Information Carport YN: No
  • Other Equipment Generator: Yes
  • General Property Information Lot Size Square Feet2: 708285.6
  • General Property Information Lot Size Acres: 16.26
  • Special Features: 4098
  • Property Sub Type: Detached
  • Year Renovated: 2023

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Double Vanity, Entrance Foyer, High Ceilings, Pantry, Primary Downstairs, Quartz Counters, Second Primary Bedroom, Separate Shower, Walk-In Closet(s), Walk-In Shower, Water Closet
  • Appliances: Dishwasher, Double Oven, Electric Cooktop, Electric Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Great Room, Propane
  • Fireplaces: 1
  • Total Bedrooms: 8
  • Appliances Dishwasher: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Fireplace Features:Propane: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Cooktop: Yes
  • Appliances:Double Oven: Yes
  • Fireplace Features:Great Room: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 16.26
  • Construction Type: Fiber Cement, Shake Siding
  • Patio And Porch Features: Patio, Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Shake Siding: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Attached, Concrete, Driveway, Garage, Garage Door Opener
  • Total Parking Spaces: 6.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Parking Total: 6.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Electric, Forced Air, Heat Pump
  • Cooling: Central Air, Wall Unit(s), Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Franklin - Franklinton
  • Middle Or Junior School: Franklin - Cedar Creek

Lot Info

  • Lot Dimensions: See Plat Map
  • Lot Size Sq Ft: 708285.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 029409
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes

Tax Info

  • Tax Annual Amount: 5021.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Franklin - Royal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2023
Closed on
Jul 1, 2024
Sold by
Lee Evelyn B and Lee Clarence V
Bought by
Larue Brett E and Larue La Rue
Seller's Agent
Dan Gunther
Allen Tate/ Lake Royale
Buyer's Agent
Cyndi Miller
Choice Residential Real Estate
List Price
$1,560,000
Sold Price
$1,480,000
Premium/Discount to List
-$80,000
-5.13%
Total Days on Market
236
Views
2822
Current Estimated Value
$1,464,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,914
Avg. Annual Appreciation
1.40%
Original Mortgage
$730,000
Outstanding Balance
$725,754
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$771,252

Purchase Details

Closed on
May 21, 2019
Sold by
Hannam Kathy and Hannam Sean
Bought by
Lee Evelyn B

Purchase Details

Closed on
Apr 14, 2004
Bought by
Hannam Kath and Hannam Sean

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
Larue Brett E $1,480,000 None Listed On Document
Lee Evelyn B $342,000 None Available
Hannam Kath $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larue Brett E $730,000
Previous Owner Hannam Kathy A $311,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $1,480,000 -3.6% $326 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
03/15/2024 03/15/24 Price Changed $1,535,000 -1.6% $338 / Sq Ft
01/09/2024 01/09/24 For Sale $1,560,000 0.0% $343 / Sq Ft
12/16/2023 12/16/23 Off Market $1,560,000 -- --
11/09/2023 11/09/23 Price Changed $1,560,000 -2.5% $343 / Sq Ft
08/24/2023 08/24/23 For Sale $1,600,000 -- $352 / 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 $6,163 $1,020,560 $172,350 $848,210
2023 $5,021 $557,580 $84,400 $473,180
2022 $2,490 $282,780 $84,400 $198,380
2021 $3,460 $379,660 $84,400 $295,260
2020 $3,481 $379,660 $84,400 $295,260
2019 $4,175 $458,720 $160,470 $298,250
2018 $4,165 $458,720 $160,470 $298,250
2017 $3,693 $368,520 $95,160 $273,360
2016 $3,824 $368,520 $95,160 $273,360
2015 $3,824 $368,520 $95,160 $273,360
2014 $3,605 $368,520 $95,160 $273,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2528833

Doorify MLS

APN: 029409