Check Availability
Wake 27587 Lakefall
7301 Lakefall Drive
$555,000
↓ $11K (1.9%)
● House - For Sale

7301 Lakefall Drive

Wake Forest, NC 27587
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,337 Ft²
$3,017
Est. Monthly

About This Property

Welcome to this beautifully maintained home on a private 1.11-acre lot in one of Wake Forest's most desirable communities. Enjoy no city taxes and a voluntary HOA while surrounded by peace and privacy. This move-in ready home features 3 bedrooms, 2.5 baths, a dedicated office, formal dining room, and spacious bonus room. Thoughtful updates include a full suite of Whirlpool appliances, an oversized deck, and a whole-house water filtration system. The fully fenced backyard and mature landscaping create a private outdoor retreat. A wired shed with two A/C units, painted concrete floor, and existing plumbing connection (currently shut off) offers endless possibilities for a workshop, studio, or additional storage. Just minutes from Falls Lake, shopping, dining, and everyday conveniences, this exceptional property combines space, comfort, and lasting value. Schedule your showing today!
Unit Size
2,337 Ft²
Days on Market
82 days
Land Size
1.11 acres
Price per sqft
$237
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1998

Listed By

Stirling West
Mark Spain Real Estate

Payment Calculator

Cap Rate Calculator

Last updated: 11 days ago (TMLS #10184301)

Price History

Date / Event Date Event Price
Oct 15, 2026 Price Decreased $555,000
↓ $11K (1.9%)
Price Decreased
Aug 28, 2026 Price Decreased $566,000
↓ $5K (0.9%)
Price Decreased
Aug 4, 2026 Listed by Mark Spain Real Estate $571,000
Listed by Mark Spain Real Estate
May 26, 2026 Sold
Sold
May 9, 2026 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Driveway, Garage Faces Side
Garage Spaces: 2
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Double Vanity, Laminate Counters, Pantry, Soaking Tub, Tray Ceiling(s), Walk-In Closet(s), Bathtub/Shower Combination, Kitchen/Dining Room Combination, Walk-In Shower
Appliances: Dishwasher, Disposal, Electric Range, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked
Flooring Type: Carpet, Hardwood, Tile
Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Rooms: 9
Has Fireplace
Fireplace Features: Gas, Living Room
Fireplaces: 1
Exterior Details
Square Footage: 2337
Architectural Style: Traditional
Year Built: 1998
Building Area Total: 2337
Levels: Two
Other Structures: Shed(s)
Window Features: Double Pane Windows, Wood Frames
Construction Materials: HardiPlank Type
Patio and Porch Features: Covered, Deck, Front Porch
Lot Features: Gentle Sloping, Partially Cleared
Lot Size Area: 1.11
Lot Size Units: Acres
Lot Size Acres: 1.11
Lot Size Square Feet: 48351
Water Source: Public
Financial Details
Tax Map Number: 72
Tax Assessed Value: $543,169
Tax Annual Amount: $3,494
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Forced Air, Heat Pump, Natural Gas
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • 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: 600
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,352
  • Total Building Area: 2,298
  • Building Area: 2,298
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,298
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEFALL
  • Land Acres: 0000001110
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO72 LAKEFALL PH1 BM2015-00029

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053804

Zoning

  • Zoning: R-40W

Geography

  • Assessors Map Reference: BK 2015 PG 29
  • Account Number: 0220497
  • District: 02
  • Subdivision Phase Number: 1
  • Parcel: 0881.04-84-5860 0220497
  • Lot: 72
  • Municipality: BARTON'S CREEK
  • Latitude: 35.9885
  • Longitude: -78.7007

    Address

  • Full Address: 7301 Lakefall Dr
  • Address - House Number: 7301
  • Address - Street Name: Lakefall
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R001
  • 4-Digit Zip Code: 9763
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $253,596

    Appraisal Valuation

  • Standard Deviation: 0.1315
  • Valuation Date: Sep 21, 2022
  • Confidence Score: 85
  • Final Value: 567,430
  • High Value: 642,101
  • Low Value: 492,758

    Market Valuation

  • Market Total Value: $348,375
  • Market Land Value: $85,000
  • Market Improvement Value: $263,375

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $348,375
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $263,375

    Sales

  • Current Sale Contract Date: Oct 31, 2002
  • Current Sale Recording Date: Nov 01, 2002
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 18, 1997
  • Previous Sale Contract Date: Dec 17, 1997
  • Previous Sale Amount: $39,000
  • 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 Lakefall


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 7301 Lakefall Drive built and last sold?
The property at 7301 Lakefall Drive was built in 1998 and last sold on Oct 31, 2002 for $259,000.
How much is this home worth?
The estimated value of the home located at 7301 Lakefall Drive is $560,187.
What are some comparable homes to 7301 Lakefall Drive?
There are currently no comparable homes to 7301 Lakefall Drive.