When was property at 5340 Mill Dam Road built and last sold?

The property at 5340 Mill Dam Road was built in 2007 and last sold on Nov 15, 2021 for $876,000.

How much is this home worth?

The estimated value of the home located at 5340 Mill Dam Road is $1,144,858.

What are some comparable homes to 5340 Mill Dam Road?

There are currently no comparable homes to 5340 Mill Dam Road.

Wake

27587

Millrace

5340 Mill Dam Road

$876,000

● House - Off Market

5340 Mill Dam Road

Wake Forest, NC 27587

4 Beds

3 Baths, 2 Half Baths

3,697 Ft²

$931,084

RealtyHop Estimate

11.51%

Since Dec 1, 2021

National-US

Primary Model

About This Property

Rare Opportunity To Live On 3 Acres w/ Views of The Lake!

Unit Size

3,697 Ft²

Days on Market

Land Size

3.01 acres

Price per sqft

$226

Property Type

House

Property Taxes

$379

HOA Dues

$29

Year Built

2007

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (TMLS #2409880)

Price History

Date / Event	Date	Event
Jan 11, 2024	No longer available	-
No longer available
Jan 4, 2024	Relisted	$1,175,000
Relisted
Jan 3, 2024	No longer available	-
No longer available
Nov 13, 2023	Price Decreased	$1,150,000 ↓ $25K (2.1%)
Price Decreased
Nov 2, 2023	Price Decreased	$1,175,000 ↓ $25K (2.1%)
Price Decreased
Oct 6, 2023	Listed by Block & Associates Realty	$1,200,000
Listed by Block & Associates Realty

	Rare chance to live in one of the larger lot homes in Wake Forest’s tucked away lake community! Millrace boasts 4 spring fed lakes with restful tranquility through it’s meandering streets & gracious landscape. This home backs to the water and provides a peaceful view from the Master bedroom, both living areas & kitchen. Upscale kitchen features: Built-in refrigerator; wine cooler; DCS range w/ pot filler faucet! First floor Office and Master with frenchdoors to deck. 3 Acres & less than 5 mi. downtown WF! Amust see! The manager has listed the unit size as 3697 square feet.
Nov 15, 2021	Sold	Premium
Sold
Sep 24, 2021	Listed by Compass -- Raleigh	$835,000
Listed by Compass -- Raleigh
Jul 28, 2017	Sold	Premium
Sold
Jun 22, 2017	Listed by Compass -- Raleigh	$569,900
Listed by Compass -- Raleigh
May 30, 2006	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 2007

Effective Year Built: 2007
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: 150
Living Units: 1
Floor Cover: 0
Basement Type: 5
Basement Area: 0
Garage Type: 7
Garage Square Area: 744
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 131,116

Total Building Area: 3,753
Building Area: 3,753
Building Area Measurement: E

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 3
Heated Square Feet: 3,753
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: MILLRACE SUB
Land Acres: 0000003010
Standard Land Use Code: 1001
County Land Use Code: 01
Legal Description 1: LO38 MILLRACE SUB PH3 BM1996-165

Neighborhood

School District Name: Wake County Schools

School Tax School District: 23
Census Tract: 054221

Zoning

Zoning: R-30

Geography

Account Number: 0221613

District: 19
Subdivision Phase Number: 3
Parcel: 1861.03-21-5028 0221613
Lot: 38
Municipality: WAKE FOREST
Latitude: 35.9771
Longitude: -78.4507

Address

Full Address: 5340 Mill Dam Rd

Address - House Number: 5340
Address - Street Name: Mill Dam
Address - Suffix Type: Rd
State: NC
City Name: Wake Forest
Carrier Code: R008
4-Digit Zip Code: 5512
Zip Code: 27587

Valuation

Tax

Tax Year: 2023

Tax Amount: $503,946

Appraisal Valuation

Standard Deviation: 0.068

Valuation Date: Feb 14, 2024
Confidence Score: 96
Final Value: 1,154,663
High Value: 1,233,260
Low Value: 1,076,066

Market Valuation

Market Total Value: $643,768

Market Land Value: $156,000
Market Improvement Value: $487,768

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $643,768
Assessed Land Value: $156,000
Assessed Improvements Value: $487,768

Sales

Current Sale Contract Date: Nov 15, 2021

Current Sale Recording Date: Nov 15, 2021
Current Sale Price:

Premium
Current Sale Document Type: 71
Previous Sale Recording Date: Jul 28, 2017
Previous Sale Contract Date: Jul 28, 2017
Previous Sale Amount: $567,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Financing

First Mortgage Financing Type: ADJ

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Millrace

Stats & Trends

Median Asking:

$1,225,000

Sale Price/ft²

$319

Below Asking

0.01%

Average Days on Market

Average Home Size

3734 ft²

Average Home Age

25.8 years

Currently For Sale

0 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 2020 Edens Ridge Avenue, Wake Forest, NC, 27587

$3,700 /mo

5 Beds
4 Baths

2020 Edens Ridge Avenue, Wake Forest, NC, 27587 Listing by Crystal Williams

Unit for rent at 537 Austin View Boulevard, Wake Forest, NC, 27587

$2,295 /mo

4 Beds
3 Baths
2,330 ft²

537 Austin View Boulevard, Wake Forest, NC, 27587 Listing by Jeff Stoker

Unit for rent at 1369 Bessie Court, Wake Forest, NC, 27587

$1,850 /mo

3 Beds
2 Baths
1,630 ft²

1369 Bessie Court, Wake Forest, NC, 27587 Listing by Dick Stokes

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Lisa Southern, Compass -- Raleigh
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2409880

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.

5340 Mill Dam Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Millrace

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions