Some homes are simply hard to replicate. More than 1.6 WOODED ACRES with NO HOA, a private cul-de-sac setting, an OVERSIZED 2-CAR GARAGE with extra parking, a large, incredibly flexible home, and a Wake Forest location that keeps everyday conveniences close. It's an uncommon combination of space, privacy, and freedom without sacrificing accessibility. Harris Teeter is right outside the neighborhood, the Falls Lake BOAT LAUNCH is only about seven minutes away, and Durham and RDU are an easy commute. The floor plan is just as unique. In addition to four bedrooms on the second floor, a LARGE FIRST-FLOOR BONUS ROOM WITH ITS OWN EXTERIOR ENTRANCE creates possibilities for a home office, studio, home-based business, or additional living space. A second THIRD-FLOOR BONUS ROOM adds even more flexibility, giving everyone room to spread out without sacrificing the spaces you use every day. Outside, the wooded acreage creates the kind of privacy and breathing room that is increasingly difficult to find. Enjoy quiet mornings surrounded by trees, space between neighbors, room for hobbies and toys, weekends on Falls Lake, and the freedom to make the property your own. For buyers who have been searching for MORE LAND, MORE SPACE, and NO HOA without giving up a convenient location, this one stands apart.
Median sale price in this area is $528,267. (27% lower than this home)
PRICE DROP
0 price drops
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Cathedral and vaulted ceilings with smooth ceilings and high ceilings
Open floorplan with eat-in kitchen and kitchen/dining combination
Entrance foyer
Crown molding and chandelier
Double vanity and separate shower
Bathtub/shower combination
Walk-in closets and dual closets
Walk-in shower and water closet
Ceiling fans
High speed internet and wired for data
Private entrance
Bedrooms
4 bedrooms
Bathrooms
2 full bathrooms
1 half bathroom
Kitchen
Granite counters
Cooktop
Gas cooktop
Electric range
Wall oven
Free-standing refrigerator
Refrigerator
Microwave
Dishwasher
Plumbed for ice maker
Stainless steel appliances
Laundry & utility
Laundry room on the main level
Flooring
Hardwood
Wood
Ceramic tile
Tile
Carpet
Heating & cooling
Forced air and heat pump heating with natural gas and electric options
Fireplace(s) provide supplemental heat (gas log)
Cooling via heat pump (multi units) with dual systems and ceiling fans
Exterior features
Private yard
Deck and front porch
Porch
Rain gutters
Wooded vegetation
Garage(s), outbuilding, and additional storage
Home design
House with three or more levels
Fiber cement exterior
Shingle roof
No common walls
Zoned R-40W
State road frontage on a public maintained asphalt road
Parking
Detached garage with 2 garage spaces
Driveway
Garage door opener
Garage faces front
Golf cart garage
Parking pad
Storage
Construction
Built with fiber cement exterior material
Utilities
Community water with septic tank
Electricity connected
Natural gas connected
Water connected
Septic connected
HOA & community
No homeowners association
No community features
Other
Lot size approximately 1.64 acres
Living area reported at 3,147 (above grade finished area from appraiser)
Directions: From Raleigh/I540, take exit NC 50N/Creedmoor Road, merge onto NC 98W towards Durham, right on Lakefall Drive, left on Chestnut Hill Road, home on the left at the end of the road.
Electricity and solar
View estimated energy costs and solar savings for this home
A MUST SEE - IMMACULATE HOME!!4BR/2.5BA on 1.64 AC lot w/ natural setting, 2.5 car detached garage, family rm w/ gas log FP, living rm, formal dining rm, gourmet kitchen, spacious MBR w/ his/her closets, downstairs office/additional bonus, upstairs finished bonus, ample storage, large deck, private yard, terraced garden area, professionally landscaped. NEW CARPET & PAINT!!HIKE TO FALLS LAKE!!
TMLS #1746185
May 28, 2011
Listing Removed
—
Sep 6, 2010
Listed
$374,000
$119/sq ft
Public Records
Apr 28, 2006
Sold
$365,000
$116/sq ft
TMLS #852970
Apr 28, 2006
Sold
$364,900
$116/sq ft
Apr 28, 2006
Sold
$364,900
$116/sq ft
Mar 25, 2006
Listing Removed
—
Mar 15, 2006
Listed
$364,900
$116/sq ft
Mar 15, 2006
Listed
$364,900
$116/sq ft
TMLS #838277
Mar 16, 2006
Listing Removed
—
Dec 15, 2005
Listed
$369,900
$118/sq ft
TMLS #815684
Dec 13, 2005
Listing Removed
—
Jul 29, 2005
Listed
$369,990
$118/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,997 (+3.0%)
$150,000 + $471,840
$621,840
2024
$3,882 (+23.3%)
$150,000 + $471,840
$621,840
2023
$3,147 (+7.9%)
$150,000 + $471,840
$621,840
2022
$2,916 (+2.8%)
$85,000 + $316,057
$401,057
2021
$2,838 (+1.7%)
$85,000 + $316,057
$401,057
2020
$2,791 (−2.9%)
$85,000 + $316,057
$401,057
2019
$2,874 (+8.8%)
$85,000 + $316,057
$401,057
2018
$2,642 (+5.5%)
$110,000 + $239,440
$349,440
2017
$2,505 (+2.1%)
$110,000 + $239,440
$349,440
2016
$2,453 (−12.3%)
$110,000 + $239,440
$349,440
2015
$2,798 (+5.5%)
$110,000 + $239,440
$349,440
2014
$2,652 (+7.1%)
$130,000 + $270,036
$400,036
2013
$2,476
$130,000 + $270,036
$400,036
2012
$2,476
$130,000 + $270,036
$400,036
2011
$2,476
$130,000 + $270,036
$400,036
Public record
Public record
Zoning
Beds
—
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1.64 Acres
Year renovated
1998
Finished Sq. Ft.
3,188
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,188
Year built
1998
Style
Single Family Residential
County
Wake County
APN
0881.02 75 8876 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-40W
Residential-40 Watershed District
The R-40W zoning districts are known as residential watershed districts. These districts allow very-low-density residential development in the form of single-family detached dwellings and duplexes. A limited number of nonresidential uses are also allowed, but generally only if the Board of Adjustment first reviews and approves a site plan and Special Use Permit for such use.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Mobile home park
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
6/10 Wind Factor
46% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Wake Forest, NC • 27587
Average low and high temperatures (°F)
48
29
54
35
70
46
78
54
79
59
89
69
91
73
81
67
80
65
72
52
65
45
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 5 hours in December, which is comparable to the
U.S. average for solar exposure.
8.9 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1731 Chestnut Hill Rd
$725,896
$896 over list price of $725K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $665K to $750K.