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Sold for $750,000
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    • $750,000

    5241 Mill Dam Rd, Wake Forest, NC 27587

    4beds
    3,024sqft
    Single Family Residence
    Built in 1996
    1.44 Acres Lot
    $745,300 Zestimate®
    $248/sqft
    $3,445 Estimated rent

    Home value

    $745,300

    $708,000 - $783,000

    $3,445/mo

    Zestimate® history
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    What's special

    Stunning Retreat in Sought-After Millrace Subdivision Welcome to your dream home in Millrace, one of Wake Forest's most coveted luxury communities. Known for its peaceful atmosphere and private pond views, this neighborhood blends serenity and convenience just minutes from local amenities. This beautiful 4-bedroom home offers a spacious and thoughtful layout with the primary suite on the main floor. The owner's retreat features light-toned luxury vinyl plank flooring and room for a king-sized bed. The en-suite bath includes a jetted tub, large ceramic-tiled shower, dual vanities, white cabinetry, and an oversized mirror. The heart of the home is a soaring living room with vaulted ceilings, a dramatic stone hearth wood-burning fireplace, and glass doors that open to an expansive, multi-level deck. Whether you're hosting a gathering or enjoying a quiet evening, the flow of this home is perfect for entertaining. The gourmet kitchen includes high-end granite countertops, hardwood floors, an electric cooktop, a large refrigerator, and generous cabinet space. Enjoy your morning coffee in the breakfast nook while taking in serene views of the pond from the front porch. Need a quiet escape? The cozy sunroom is surrounded by windows and includes a mini-split system for year-round comfort—ideal for unwinding with a book or soaking up natural light. Upstairs, you'll find two spacious bedrooms, ample storage, and a versatile bonus room—perfect for a playroom, home office, or guest space. Outside, a long gravel driveway leads to a detached two-car garage with a fully finished apartment above. This bonus space includes a full bath with a walk-in shower, making it a great option for guests, a teen suite, or even a private game room. Don't miss your chance to own a slice of paradise in Wake Forest. With scenic surroundings, custom features, and flexible living space, this home truly has it all.

    Zillow last checked:

    Listing updated:

    Listed by:

    Brian Pate 919-669-4575,

    Pate Realty Group

    Bought with:

    Shahla Rezvani, 122184

    Coldwell Banker - HPW

    Source: Doorify MLS,MLS#: 10094667MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Main
    Bedroom 2
    • Level: Second
    Bathroom 3
    • Level: Second
    Bathroom 4
    • Level: Second
    Kitchen
    • Level: Main
    Laundry
    • Level: Main
    Living room
    • Level: Main
    Other
    • Description: Deck
    • Level: Main
    Other
    • Description: Apartment over Garage
    • Level: Second
    Sunroom
    • Level: Main
    Heating
    • Central, Electric, Forced Air, Heat Pump
    Cooling
    • Central Air, Ceiling Fan(s), Dual, Electric, Heat Pump
    Appliances
    • Included: Dishwasher, Electric Cooktop, Electric Oven, Gas Water Heater
    • Laundry: Laundry Room, Main Level
    Features
    • Ceiling Fan(s), Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Apartment/Suite, Whirlpool Tub, Separate Shower, Bathtub/Shower Combination, Walk-In Shower, Water Closet, Room Over Garage
    • Flooring: Carpet, Ceramic Tile, Hardwood
    • Windows: Insulated Windows
    • Fireplace features: Living Room, Wood Burning
    Interior area
    • Total structure area: 3,024
    • Total interior livable area: 3,024 sqft
    • Finished area above ground: 3,024
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 6
    • Parking features: Deck, Garage Faces Side, Garage, Garage Door Opener
    • Garage spaces: 2
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Front Porch
    • Exterior features: Private Entrance, Private Yard, Rain Gutters, Smart Lock(s)
    Lot
    • Size: 1.44 Acres
    • Features: Back Yard, Front Yard, Gentle Sloping, Landscaped, Private, Hardwood Trees
    • Residential vegetation: Cleared, Grassed, Natural State, Partially Wooded, Wooded
    Details
    • Parcel number: 1861127346
    • Zoning: Res
    • Special conditions: Standard
    • Other equipment: Fuel Tank(s)
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional,Williamsburg,Transitional
    • Property subtype: Single Family Residence
    Materials
    • Cedar
    • Foundation: Pillar/Post/Pier
    • Roof: Asphalt,Shingle
    Condition
    • New construction: No
    • Year built: 1996

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Community Water
    • Utilities for property: Cable Connected, Electricity Connected, Water Connected, Septic Connected

    Community & HOA

    Community
    • Features: Fishing, Lake
    • Security: Smoke Detector(s)
    • Subdivision: Millrace
    HOA
    • Has HOA: Yes
    • Amenities included: Landscaping
    • Services included: Maintenance Grounds
    • HOA fee: $400 annually
    • HOA name: Millrace HOA
    Location
    • Region: Wake Forest

    Financial & listing details

    • Price per square foot: $248/sqft
    • Tax assessed value: $817,921
    • Annual tax amount: $5,100
    • Date on market: 5/15/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    9/15/2025Sold$750,000$248/sqft
    Source: Doorify MLS #10094667 Report a problem
    8/11/2025Pending sale$750,000$248/sqft
    Source: Doorify MLS #10094667 Report a problem
    7/28/2025Price change$750,000-4.5%$248/sqft
    Source: Doorify MLS #10094667 Report a problem
    6/20/2025Price change$785,000-4.8%$260/sqft
    Source: Doorify MLS #10094667 Report a problem
    5/15/2025Listed for sale$825,000+113.7%$273/sqft
    Source: Doorify MLS #10094667 Report a problem
    1/20/2015Sold$386,000-3.5%$128/sqft
    Source: Public Record Report a problem
    12/19/2014Pending sale$400,000$132/sqft
    Source: RALEIGH DREAM HOMES #1981606 Report a problem
    12/9/2014Listed for sale$400,000-11.1%$132/sqft
    Source: RALEIGH DREAM HOMES #1981606 Report a problem
    3/7/2012Listing removed$450,000$149/sqft
    Source: Homes.com #1690508 Report a problem
    3/6/2012Listed for sale$450,000+2.3%$149/sqft
    Source: Homes.com #1690508 Report a problem
    9/8/2011Listing removed$439,900$145/sqft
    Source: Hudson Residential Brokerage, INC. CB-HPW #1690508 Report a problem
    7/1/2011Listed for sale$439,900$145/sqft
    Source: Hudson Residential Brokerage, INC. CB-HPW #1690508 Report a problem
    7/1/2011Listing removed$2,295$1/sqft
    Source: Hudson Residential Brokerage, INC. CB-HPW Report a problem
    5/29/2011Price change$2,295-17.9%$1/sqft
    Source: Hudson Residential Brokerage, INC. CB-HPW Report a problem
    5/27/2011Listed for rent$2,795$1/sqft
    Source: Hudson Residential Brokerage, INC. CB-HPW Report a problem
    1/24/2011Listing removed$439,900$145/sqft
    Source: Coldwell Banker Howard Perry and Walston #1744589 Report a problem
    12/30/2010Listed for sale$439,900$145/sqft
    Source: Coldwell Banker Howard Perry and Walston #1744589 Report a problem
    11/11/2010Listing removed$439,900$145/sqft
    Source: Coldwell Banker Howard Perry and Walston #1744589 Report a problem
    9/5/2010Listed for sale$439,900+7.3%$145/sqft
    Source: Coldwell Banker Howard Perry and Walston #1744589 Report a problem
    10/20/2006Sold$410,000$136/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,251 +3%$817,921
    2024$5,099 +41.7%$817,921 +78.2%
    2023$3,599 +7.9%$459,051
    2022$3,335 +2.8%$459,051
    2021$3,246 +1.7%$459,051
    2020$3,192 +0.2%$459,051 +18.4%
    2019$3,186 $387,695
    2018$3,186 +14.8%$387,695
    2017$2,777 +2.1%$387,695
    2016$2,720 -8.7%$387,695 -9%
    2015$2,979 +5.5%$426,068
    2014$2,824 $426,068
    2013-- $426,068
    2012-- $426,068
    2011-- $426,068
    2010-- $426,068
    2009-- $426,068
    2008-- --
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    2003-- --
    2002-- --
    2001-- --
    Find assessor info on the county website

    Neighborhood: 27587

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Wake - Richland Creek Elementary School
    • Middle: Wake - Wake Forest Middle School
    • High: Wake - Wake Forest High School

    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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    Estimated market value
    $745,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $745,300

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