1500 River Mill Drive #310

$259,000

● Condo - Off Market

1500 River Mill Drive #310

Wake Forest, NC 27587

3 Beds

2 Baths

1,215 Ft²

$387,242

RealtyHop Estimate

41.33%

Since Jun 1, 2020

National-US

Primary Model

About This Property

Experience life in a 1854 River Mill perched on the banks of the Neuse River. This beautiful light filled condo has been meticulously updated with an open kitchen, custom cabinets, upgraded appliances , quartz counters. Refinished original maple floors, reclaimed Victorian stained glass accent windows. Bathrooms have new cabinetry with marble countertops and restoration hardware fixtures. All new plumbing and electrical. Simply Amazing!! Low Taxes Historical Building! HOA includes water and sewer.

Unit Size

1,215 Ft²

Days on Market

Land Size

Price per sqft

$226

Property Type

Condo

Property Taxes

$53

HOA Dues

$324

Year Built

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (TMLS #2300576)

Price History

Date / Event	Date	Event
Sep 8, 2025	Sold	Premium
Sold
Aug 19, 2025	In contract	-
In contract
Jun 18, 2025	Listed by Grist Realty Inc	$450,000
Listed by Grist Realty Inc

	Nestled by the headwaters of the Neuse River at Falls Lake Dam, this beautifully renovated 3Bd 2Bt condo offers a single-level lifestyle accentuated by a profound connection to nature. This is the largest floor plan in the building and owners benefit from a historic low-tax incentive! The 1210sf condo boasts hardwood floors, exposed steel beams, and expansive industrial-sized windows that flood the space with natural light. Custom closets offer storage solutions. The no-step entry from the parking lot ensures single-level accessibility, making it perfect for empty nesters or down-sizers. Monthly rentals are allowed so consider this a great second investment home!
Nov 16, 2024	Relisted	$489,000
Relisted
Nov 15, 2024	No longer available	-
No longer available
Sep 4, 2024	Listed	$489,000
Listed

	Nestled by the headwaters of the Neuse River at Falls Lake Dam, this beautifully renovated 3Bd 2Bt condo offers a single-level lifestyle accentuated by a profound connection to nature. This is the largest floor plan in the building and owners benefit from a historic low-tax incentive! The 1210sf condo boasts hardwood floors, exposed steel beams, and expansive industrial-sized windows that flood the space with natural light. Custom closets offer storage solutions. The no-step entry from the parking lot ensures single-level accessibility, making it perfect for empty nesters or down-sizers. Monthly rentals are allowed so consider this a great second investment home! With industrial use dating back to the Revolutionary War, this property holds a unique place as one of NC's oldest industrial manufacturing sites. Converted to condos in the mid-80s, it rests upon 17 acres of undisturbed land that flanks the river. Residents indulge in a myriad of outdoor activities, from trail walks and fireside gatherings by the water to fishing expeditions and al fresco dining in the gazebo. Nature enthusiasts can partake in heron-watching while quick access to the 30-mile paved Neuse River Greenway beckons those seeking biking adventures.
Oct 2, 2022	No longer available	-
No longer available
Aug 31, 2022	Price Decreased	$489,999 ↓ $5K (1%)
Price Decreased
Jul 21, 2022	Price Decreased	$494,999 ↓ $5K (1%)
Price Decreased
Jul 10, 2022	Relisted	$499,997
Relisted
Jul 7, 2022	No longer available	-
No longer available
Jun 21, 2022	Price Decreased	$499,997 ↓ $2 (0%)
Price Decreased
Jun 3, 2022	Listed by AMG Realty LLC	$499,999
Listed by AMG Realty LLC

	Vintage & Loaded w/ Charm, Historical 1850s River Mill Condo-right on the Neuse River! Loaded w/ Original Hardwood Floors, Soaring Ceilings, Main Lvl MBR, Incredible Finishes, Classic Stain Glass windows(19th Century Church), Elegant Spiral Stairscase & More! OPEN Floor Plan w/ Great Ntl Light & like NEW Kitchen w/ Upgraded Cabinets, Subway Tile Backsplash & Top Shelf Appliances! Incredible 26" Stone Facade! Walk to Falls Lake Dam & Neuse River Trl! Secluded w/ Great Greenery but mins to Highways/Shopping! The manager has listed the unit size as 1323 square feet.
May 1, 2020	Sold	Premium
Sold
Feb 6, 2020	Listed by Berkshire Hathaway HomeService	$274,000
Listed by Berkshire Hathaway HomeService
Mar 15, 2019	Sold	Premium
Sold
Aug 23, 2018	Listed by Allen Tate/Raleigh-Glenwood	$185,000
Listed by Allen Tate/Raleigh-Glenwood

	A rare find, in a once in a lifetime building, means it is time to act. Don't wait as these units don't come around often. A light filled 3 bedroom condo with main level bedroom & bath. Located in The River Mill, Historic Mill building originally built in the 1850's, the exterior walls are 18" thick granite quarried on site over 160 years ago. Now that is Eco friendly, don't you think? Maple wood frs. HVAC

Property Highlights

Parking Available

Air Conditioning

Parking Details

Parking Features: Asphalt, Driveway, Parking Lot

Interior Details

Full Bathrooms: 2

Interior Features: Ceiling Fan(s), High Ceilings, Pantry, Bathtub Only, Living/Dining Room Combination, Quartz Counters, Smooth Ceilings, Walk-In Shower

Appliances: Convection Oven, Dishwasher, Electric Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven

Flooring Type: Carpet, Hardwood, Tile

Rooms: 7

Exterior Details

Square Footage: 1215

Architectural Style: Rustic, National Historic Designation, Warehouse

Year Built: 1854

Waterfront Features: River Front

Waterbody Name: Neuse River

Building Area Total: 1215

Levels: Two

Building Area Units: Square Feet

Construction Materials: Stone

Lot Features: Wooded

Lot Size Dimensions: 00 x 00

Financial Details

Tax Annual Amount: $639

Utilities Details

Cooling Type: Central Air

Heating Type: Electric, Heat Pump

Sewer : Public Sewer

Location Details

HOA/Condo/Coop Fee Includes: Maintenance Grounds, Maintenance Structure, Sewer, Water

HOA Fee: $324

HOA Fee Frequency: Monthly

Request mortgage information redaction

Comparables

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Listed By
20261026 Unit 110 10/26/2026	110	2 Bed	2 Bath	901 ft²	$299,900 2 Bed 2 Bath 901 ft²	- -	Angie Martin Coldwell Banker HPW
20250819 Unit 111 08/19/2025	111	2 Bed	2 Bath	913 ft²	$299,900 2 Bed 2 Bath 913 ft²	$289,000 -3.63% 10/17/2025	Frank DeRonja DeRonja Real Estate
20250618 Unit 310 06/18/2025	310	3 Bed	2 Bath	1210 ft²	$450,000 3 Bed 2 Bath 1210 ft²	$440,000 -2.22% 09/08/2025	Hugh Grist Grist Realty Inc
20240929 Unit 204 09/29/2024	204	1 Bed	1 Bath	694 ft²	$299,900 1 Bed 1 Bath 694 ft²	$287,450 -4.15% 12/20/2024	Kathy Beacham Howard Perry & Walston Realtor
20240604 Unit 113 06/04/2024	113	2 Bed	2.5 Bath	907 ft²	$325,000 2 Bed 2.5 Bath 907 ft²	- -	Kathy Beacham Howard Perry & Walston Realtor
20231115 Unit 110 11/15/2023	110	2 Bed	2 Bath	876 ft²	$325,000 2 Bed 2 Bath 876 ft²	$325,000 12/08/2023	Lori Walls Allen Tate/Raleigh-Falls Neuse
20231102 Unit 101 11/02/2023	101	1 Bed	1 Bath	611 ft²	$289,000 1 Bed 1 Bath 611 ft²	$282,000 -2.42% 12/12/2023	James McDermott Berkshire Hathaway HomeService
20230914 Unit 304 09/14/2023	304	1 Bed	1 Bath	700 ft²	$299,900 1 Bed 1 Bath 700 ft²	$300,000 +0.03% 10/05/2023	Kathy Beacham Howard Perry & Walston Realtor
20221007 Unit 204 10/07/2022	204	1 Bed	1 Bath	659 ft²	$339,900 1 Bed 1 Bath 659 ft²	- -	Matthew Peedin Keller Williams Realty Cary
20220603 Unit 310 06/03/2022	310	3 Bed	2 Bath	1323 ft²	$499,999 3 Bed 2 Bath 1323 ft²	- -	Adam Grossman AMG Realty LLC
20210917 Unit 301 09/17/2021	301	1 Bed	1 Bath	648 ft²	$225,000 1 Bed 1 Bath 648 ft²	$251,500 +11.78% 10/29/2021	Kathy Beacham Howard Perry & Walston Realtor
20210118 Unit 401 01/18/2021	401	3 Bed	2 Bath	1205 ft²	$285,000 3 Bed 2 Bath 1205 ft²	$285,000 02/25/2021	Laura Howell HomeTowne Realty
20201013 Unit 113 10/13/2020	113	2 Bed	2 Bath	885 ft²	$225,000 2 Bed 2 Bath 885 ft²	$225,000 12/22/2020	Laura Howell HomeTowne Realty
20200521 Unit 205 05/21/2020	205	1 Bed	1 Bath	684 ft²	$190,000 1 Bed 1 Bath 684 ft²	$183,000 -3.68% 07/09/2020	Amanda Alves Compass -- Raleigh
20200206 Unit 310 02/06/2020	310	3 Bed	2 Bath	1215 ft²	$274,000 3 Bed 2 Bath 1215 ft²	$259,000 -5.47% 05/01/2020	Amy Brown Berkshire Hathaway HomeService
20200110 Unit 112 01/10/2020	112	2 Bed	3 Bath	900 ft²	$224,000 2 Bed 3 Bath 900 ft²	$217,000 -3.13% 04/20/2020	Erica McDowell
20190628 Unit 301 06/28/2019	301	1 Bed	1 Bath	603 ft²	$175,000 1 Bed 1 Bath 603 ft²	$175,000 07/29/2019	Melissa Schambs Berkshire Hathaway HomeService
20190515 Unit 311 05/15/2019	311	3 Bed	2 Bath	1176 ft²	$225,000 3 Bed 2 Bath 1176 ft²	$215,000 -4.44% 07/29/2019	Susan Abshire Coldwell Banker HPW
20190122 Unit 306 01/22/2019	306	2 Bed	2 Bath	947 ft²	$220,000 2 Bed 2 Bath 947 ft²	$220,000 04/01/2019	Jennifer Lange Howard Perry & Walston Realtor
20190110 Unit 307 01/10/2019	307	1 Bed	1 Bath	685 ft²	$175,000 1 Bed 1 Bath 685 ft²	$175,000 05/31/2019	Jennifer Lange Howard Perry & Walston Realtor
20180823 Unit 310 08/23/2018	310	3 Bed	2 Bath	1215 ft²	$185,000 3 Bed 2 Bath 1215 ft²	$185,000 03/15/2019	Chip Edwards Allen Tate/Raleigh-Glenwood
20170730 07/30/2017		2 Bed	1.5 Bath	943 ft²	- 2 Bed 1.5 Bath 943 ft²	- -	-
20170719 Unit 202 07/19/2017	202	2 Bed	2 Bath	912 ft²	$215,000 2 Bed 2 Bath 912 ft²	$215,000 08/25/2017	Chip Edwards Allen Tate/Raleigh-Glenwood
20170717 Unit 113 07/17/2017	113	2 Bed	1 Bath	943 ft²	$170,000 2 Bed 1 Bath 943 ft²	$168,500 -0.88% 09/15/2017	Anita Oxford Compass - Raleigh
20150603 Unit 104 06/03/2015	104	1 Bed	1 Bath	675 ft²	$138,000 1 Bed 1 Bath 675 ft²	$131,500 -4.71% 08/11/2015	Chip Edwards Allen Tate/Raleigh-Glenwood

Building Info

1500 River Mill Drive 1500 River Mill Drive, Wake Forest, NC 27587

2 Units for Sale

More about this Building

Want to find out who owns 1500 River Mill Drive, Wake Forest, NC 27587? Get detailed property transactions here.

About Wake

Stats & Trends

Median Asking:

$470,000

Sale Price/ft²

$223

Below Asking

0.02%

Average Days on Market

Average Home Size

2490 ft²

Average Home Age

18.5 years

Currently For Sale

5067 Listings

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

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Listed by: Amy Brown, Berkshire Hathaway HomeService
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2300576

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