See Home Value
Wake 27587
7116 Cove Lake Drive
$865,000
● House - Off Market

7116 Cove Lake Drive

Wake Forest, NC 27587
bedrooms
5 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
5,181 Ft²
$1,309,278
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Great value! Instant equity! Priced well below subdivision comparables. Unique estate home near Falls Lake with trails leading to the lake. Expansive family room w/ exposed rustic wood beams opens to gourmet kitchen w/ butlers pantry & large island. Covered porch overlooks private wooded backyard, 5 bdrms each w/ full bath, office w/ custom built-ins, separate dining room w/ coffered ceiling, drop zone, tech room, raised media room w/ wet bar+1/2 bath, walk-up 3rd floor attic, patio & outdoor fireplace.
Unit Size
5,181 Ft²
Days on Market
-
Land Size
1.85 acres
Price per sqft
$166
Property Type
House
Property Taxes
$526
HOA Dues
$120
Year Built
2014

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Last updated: 2 years ago (TMLS #2117273)

Price History

Date / Event Date Event Price
Jul 31, 2023 Sold
Sold
Apr 20, 2023 Listed by Pinnacle Group Realty $1,547,500
Listed by Pinnacle Group Realty
Jul 29, 2021 Sold
Sold
Apr 30, 2021 Listed by Pinnacle Group Realty $1,275,000
Listed by Pinnacle Group Realty
May 10, 2018 Sold
Sold
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • 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: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 404
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 80,586
  • Total Building Area: 5,113
  • Building Area: 5,113
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 5,113
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE COVE AT FALLS ALKE
  • Land Acres: 0000001850
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO13 THE COVE @ FALLS LAKE BM2014-00087

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053901

Zoning

  • Zoning: R-80W

Geography

  • Account Number: 0419444
  • District: 14
  • Parcel: 1810.02-99-3321 0419444
  • Lot: 13
  • Municipality: NEW LIGHT
  • Latitude: 35.973
  • Longitude: -78.5967

    Address

  • Full Address: 7116 Cove Lake Dr
  • Address - House Number: 7116
  • Address - Street Name: Cove Lake
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R027
  • 4-Digit Zip Code: 1740
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $703,309

    Appraisal Valuation

  • Standard Deviation: 0.0688
  • Valuation Date: May 24, 2023
  • Confidence Score: 96
  • Final Value: 1,595,740
  • High Value: 1,705,550
  • Low Value: 1,485,931

    Market Valuation

  • Market Total Value: $971,074
  • Market Land Value: $225,000
  • Market Improvement Value: $746,074

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $971,074
  • Assessed Land Value: $225,000
  • Assessed Improvements Value: $746,074

    Sales

  • Current Sale Contract Date: Jul 26, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 23, 2015
  • Previous Sale Contract Date: Jun 22, 2015
  • Previous Sale Amount: $815,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Wake


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Frequently Asked Questions

When was property at 7116 Cove Lake Drive built and last sold?
The property at 7116 Cove Lake Drive was built in 2014 and last sold on Jul 26, 2021 for $1,250,000.
How much is this home worth?
The estimated value of the home located at 7116 Cove Lake Drive is $1,548,900.
What are some comparable homes to 7116 Cove Lake Drive?
There are currently no comparable homes to 7116 Cove Lake Drive.