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Wendell 27591 Wendell Falls
1212 Elk Falls Drive
$399,999
● House - Off Market

1212 Elk Falls Drive

Wendell, NC 27591
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,693 Ft²
$560,825
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

The Fairfield is one of Homes By Dickerson's most popular plans for a reason! With one bedroom downstairs, it's perfect for visiting relatives or as an office. This home has an open floorplan with an amazing sunset view over the wooded view behind it. The woodwork inside makes the home stand out from the other and for less than you can build a new one. The master is upstairs with two other bedrooms and a bonus room. The owners have done the hard work for you with blinds, woodwork, fencing, etc! See today!
Unit Size
2,693 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$149
Property Type
House
Property Taxes
$395
HOA Dues
$95
Year Built
2018

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (TMLS #2285930)

Price History

Date / Event Date Event Price
Jun 24, 2020 Sold
Premium
Sold
Oct 26, 2019 Listed by Why Realty Group $399,999
Listed by Why Realty Group
Aug 14, 2018 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 313
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 2,651
  • Building Area: 2,651
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,651
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WENDELL FALLS
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO653 WENDELL FALLS PH5B BM2017-02089

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 054402

Zoning

  • Zoning: PUD-15-1

Geography

  • Assessors Map Reference: BK 2017 PG 2089
  • Account Number: 0450876
  • District: 10
  • Subdivision Phase Number: 5B
  • Parcel: 1763.04-93-7554 0450876
  • Lot: 653
  • Municipality: MARKS CREEK
  • Latitude: 35.7642
  • Longitude: -78.4278

    Address

  • Full Address: 1212 Elk Falls Dr
  • Address - House Number: 1212
  • Address - Street Name: Elk Falls
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Wendell
  • Carrier Code: R013
  • 4-Digit Zip Code: 9832
  • Zip Code: 27591

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $445,042

    Appraisal Valuation

  • Standard Deviation: 0.131
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 85
  • Final Value: 577,782
  • High Value: 653,500
  • Low Value: 502,064

    Market Valuation

  • Market Total Value: $348,517
  • Market Land Value: $70,000
  • Market Improvement Value: $278,517

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $348,517
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $278,517

    Sales

  • Current Sale Contract Date: Jun 22, 2020
  • Current Sale Recording Date: Jun 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Aug 14, 2018
  • Previous Sale Contract Date: Aug 01, 2018
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wendell Falls

Stats & Trends

Median Asking:

$485,000

Sale Price/ft²

$212

Below Asking

0.02%

Average Days on Market

71

Average Home Size

2366 ft²

Average Home Age

5.8 years

Currently For Sale

35 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6403 Taylor Road, Wendell, NC, 27591

$2,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,619 ft²
6403 Taylor Road, Wendell, NC, 27591 Listing by Dustin Bennett
Unit for rent at 521 Groveview Wynd, Wendell, NC, 27591

$2,695 /mo

  • 3 Beds
  • 2 Baths
  • 2,412 ft²
521 Groveview Wynd, Wendell, NC, 27591 Listing by Gabriel Nunes
Unit for rent at 956 Mailwood Drive, Knightdale, NC, 27545

$2,375 /mo

  • 4 Beds
  • 2 Baths
  • 2,088 ft²
956 Mailwood Drive, Knightdale, NC, 27545 Listing by Sowjanya Kondety

Rentals Near You

Click here to view more rentals in the neighborhood.
TMLS

Listed by: Valerie DeLoach, Why Realty Group
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2285930
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 Triangle 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 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Frequently Asked Questions

When was property at 1212 Elk Falls Drive built and last sold?
The property at 1212 Elk Falls Drive was built in 2018 and last sold on Jun 22, 2020 for $400,000.
How much is this home worth?
The estimated value of the home located at 1212 Elk Falls Drive is $0.
What are some comparable homes to 1212 Elk Falls Drive?
There are currently no comparable homes to 1212 Elk Falls Drive.
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