2040 Reserve Falls Ln, Wake Forest, NC 27587
Home value
$1,436,300
$1.36M - $1.51M
$4,114/mo
Owner options
$4,114/mo
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$9,755/mo
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Zillow last checked:
Listing updated:
Jeremy Carroll 919-491-4604,
Treeline Properties & Realty
Sudie Wagner, 170647
Coldwell Banker HPW
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Gas Cooktop, Ice Maker, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Oven, Water Softener
- Laundry: Laundry Room, Main Level, Sink
Features
- Built-in Features, Pantry, Cathedral Ceiling(s), Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Double Vanity, Entrance Foyer, Kitchen Island, Master Downstairs, Quartz Counters, Recessed Lighting, Separate Shower, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
- Flooring: Carpet, Hardwood, Tile
- Doors: Sliding Doors
- Windows: Blinds, Drapes
Interior area
- Total structure area: 3,801
- Total interior livable area: 3,801 sqft
- Finished area above ground: 3,801
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Garage, Garage Door Opener, Parking Pad, Paved
- Attached garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch, Rear Porch, Screened
- Exterior features: Fenced Yard, Fire Pit, Lighting
- Pool features: Gunite, Heated, In Ground, Salt Water, Waterfall, See Remarks
- Fencing: Back Yard
- Has view: Yes
Lot
- Size: 1.29 Acres
- Features: Landscaped
Details
- Additional structures: Shed(s)
- Parcel number: 1821424981
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse, Traditional, Transitional
- Property subtype: Single Family Residence, Residential
Materials
- Batts Insulation, Fiber Cement, Stone Veneer
- Foundation: Brick/Mortar, Stone
- Roof: Shingle
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Septic Connected
Community & HOA
Community
- Features: Street Lights
- Subdivision: Waterstone Reserve
HOA
- Has HOA: Yes
- Amenities included: Management
- Services included: Storm Water Maintenance
- HOA fee: $1,260 annually
Location
- Region: Wake Forest
Financial & listing details
- Price per square foot: $374/sqft
- Tax assessed value: $1,110,070
- Annual tax amount: $6,913
- Date on market: 7/11/2024
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2024 | Sold | $1,420,000-2.7%$374/sqft |
Source: | ||
| 8/10/2024 | Pending sale | $1,459,000$384/sqft |
Source: | ||
| 7/11/2024 | Listed for sale | $1,459,000+34.7%$384/sqft |
Source: | ||
| 9/9/2022 | Sold | $1,083,500+3.2%$285/sqft |
Source: | ||
| 5/31/2022 | Pending sale | $1,050,000+228.1%$276/sqft |
Source: | ||
| 7/16/2021 | Sold | $320,000$84/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,120 +3% | $1,110,070 |
| 2024 | $6,914 +27.2% | $1,110,070 +59.8% |
| 2023 | $5,435 +351.4% | $694,502 +316.6% |
| 2022 | $1,204 +8.8% | $166,700 +5.8% |
| 2021 | $1,107 +174.8% | $157,500 |
| 2020 | $403 -27.1% | $157,500 +9.4% |
| 2019 | $553 | $144,000 |
| 2018 | $553 +22.7% | $144,000 |
| 2017 | $450 | $144,000 |
Neighborhood: 27587
Nearby homes
- $3800.76 Acres1721 Slater Dr, Wake Forest, NC 27587Off Market
- $1,063,100-- bd3 ba3k sqft2048 Reserve Falls Ln, Wake Forest, NC 27587Off Market
- $222,1003 bd2 ba1.3k sqft1725 Slater Dr, Wake Forest, NC 27587Off Market

- $1,378,2005 bd6 ba5k sqft7401 Cairnesford Way, Wake Forest, NC 27587Off Market

- $399,0002 bd3 ba5.4k sqft1713 Slater Dr, Wake Forest, NC 27587Pending
- $375,7003 bd2 ba1.4k sqft1720 Slater Dr, Wake Forest, NC 27587Off Market
- $1,025,0004 bd4 ba3.8k sqft7400 Cairnesford Way, Wake Forest, NC 27587Sold
- $1,200,0004 bd4 ba4.2k sqft2016 Reserve Falls Ln, Wake Forest, NC 27587Sold
Nearby schools
GreatSchools rating
- 6/10North Forest Pines ElementaryGrades: PK-5Distance: 2.7 mi
- 8/10Wakefield MiddleGrades: 6-8Distance: 2.6 mi
- 8/10Wakefield HighGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Wake - N Forest Pines
- Middle: Wake - Wakefield
- High: Wake - Wakefield
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- North Carolina
- Wake County
- Wake Forest
- 27587
- 2040 Reserve Falls Ln