See Home Value
$3,227,000 - $3,943,000
House - Off Market

7017 Rainwater Road

Raleigh, NC 27615
bedrooms
5 Beds
bathrooms
7 Baths, 2 Half Baths
square feet
5804 Sqft
Sold Jan 02, 2024
$3,400,000
Sold Dec 21, 2018
$505,000
$378,750 by Capital Bank
Mortgage

About This Property

You Are Going To LOVE This Home! Showcasing Unparalleled Panoramic Views Of North Ridge Golf Course This Is Truly Perfection On The Course! Custom Iron Front Door. Fenced Back Yard. Primary Bedroom, Office & Guest Bedroom On The Main Floor. Saltwater Pool With Fire Feature! Spacious Phantom Screen Porch With Fireplace, Grill & Heaters & Exterior Pool Bath.  Separate Catering Kitchen/Scullery, Exercise Room, 5 Bedrooms, 5 Full Baths & 2 Half Baths.  Speakeasy Bar In Study. Live In The Heart Of North Ridge. Close To Downtown, RDU, Shopping & Entertainment. Fabulous Tony Frazier Design. Spacious 3 Car Garage.

The manager has listed the unit size as 5804 square feet.
Unit Size
5,804Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$618
Property Type
House
Property Taxes
$6,764
HOA Dues
-
Year Built
2022

Price History

Date / Event Date Event Price
Jan 3, 2024 No longer available -
No longer available
Jan 2, 2024 Sold to Charlie Nelson, Megan Nelson $3,400,000
Sold to Charlie Nelson, Megan Nelson
Dec 15, 2023 In contract -
In contract
May 9, 2023 No longer available -
No longer available
Mar 22, 2023 Price Decreased $3,585,000
↓ $115K (3.1%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 624
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 5,850
  • Building Area: 5,850
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,850
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NORTH RIDGE NEWMARKET WAY
  • Land Acres: 0.44
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO13 NO RDG NEWMARKET WAY SE3 BL28

Ownership

  • Current Owner : NELSON MEGAN
  • Current Owner 2: NELSON CHARLIE
  • Previous Owner : RALEIGH CUSTOM HOMES INC
  • Owner Before Previous Owner: MASNARI JUDY E
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag Date: Sep 05, 2023

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054012

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0094585
  • District: 13
  • Section: 3
  • Parcel: 1717.15-64-6310 0094585
  • Lot: 13
  • Municipality: NEUSE
  • Latitude: 35.8769
  • Longitude: -78.6064

    Address

  • Full Address: 7017 Rainwater Rd
  • Address - House Number: 7017
  • Address - Street Name: Rainwater
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C002
  • 4-Digit Zip Code: 7120
  • Zip Code: 27615

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $23,589

    Appraisal Valuation

  • Standard Deviation: 0.068
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 96
  • Final Value: 887,680
  • High Value: 948,103
  • Low Value: 827,257

    Market Valuation

  • Market Total Value: $2,162,332
  • Market Land Value: $397,800
  • Market Improvement Value: $1,764,532

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,162,332
  • Assessed Land Value: $397,800
  • Assessed Improvements Value: $1,764,532

    Sales

  • Current Sale Contract Date: Jan 02, 2024
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Transaction ID: 11918858350
  • Current Sale Price: $3,400,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 21, 2018
  • Previous Sale Contract Date: Dec 11, 2018
  • Previous Sale Amount: $505,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: CAPITAL BANK
  • Previous Mortgage Transaction Date: Dec 21, 2018
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $378,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
6.5 Baths
5,380 ft²
$688/ft²
$3,700,000 Jul 28, 2023
-
$1,427/mo

About North Raleigh


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Frequently Asked Questions

When was property at 7017 Rainwater Road built and last sold?
The property at 7017 Rainwater Road was built in 2022 and last sold on Jan 2, 2024 for $3,400,000.
How much is this home worth?
The estimated value of the home located at 7017 Rainwater Road is $3,541,405.
What are some comparable homes to 7017 Rainwater Road?
There are currently no comparable homes to 7017 Rainwater Road.

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