OFF MARKET

Off market aug 2024 for $880K

$894,769

Est. refi paymentEst. refi $4,267/mo

•

3,868

sq ft

5301 Mill Dam Rd, Wake Forest, NC 27587

About this home

Discover the beauty and tranquility of the highly sought-after Millrace community in Wake Forest with this custom home, nestled on a private, sprawling 2.36-acre lot. This exquisite residence features a first-floor owner's suite with a luxurious bath and walk-in closet. The beautifully remodeled kitchen boasts double wall ovens, a peninsula bar, and a custom island. The family room, perfect for relaxation and social gatherings, includes a stone fireplace, built-in cabinets, and a wet bar. Upstairs, you'll find three spacious bedrooms, two bathrooms, an office, and a bonus room. The seamless floorplan extends to an outdoor sanctuary complete with a covered porch, brick patio, and built-in grill, ideal for entertaining. Additional highlights include a two-car garage with an epoxy floor. Recent renovations include a new roof in 2018, new HVAC systems in 2019 and 2021, and updates to the staircase, bathrooms, and carpet in 2021. In 2023, the hardwood floors, kitchen, crawlspace encapsulation, and windows were all upgraded. This home is set in a picturesque landscape that harmoniously blends with the four spring-fed lakes and cascading waterfall of Millrace. Come and experience this stunning property for yourself.

Single-familyProperty Type

1997Year Built

2.36 acresLot Size

$231Est. Price/Sq.Ft.

2 garage spacesParking

Listed by Melanie Elenio • DASH Carolina

Bought with Maria Greer • DASH Carolina

Redfin checked: 2 minutes ago

•Source:TMLS #10038509

Redfin Estimate

$894,769

$15K since sold in August 2024$18K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 7.3% lower than the average sale price ($965K) of 6 comparable homes.

SOLD SEP 18, 2026
$775,000
A
4 beds3 baths3,180 sq ft
140 Rivers Edge Dr, Youngsville, NC 27596
SOLD MAY 29, 2026
$1,000,000
B
3 beds3.5 baths3,045 sq ft
5228 Mill Dam Rd, Wake Forest, NC 27587
SOLD JAN 27, 2026
$800,000
C
4 beds3 baths3,247 sq ft
5373 Mill Dam Rd, Wake Forest, NC 27587
SOLD JUL 9, 2026
$995,000
D
5 beds3.5 baths3,718 sq ft
1548 Sterling Lake Dr, Wake Forest, NC 27587
SOLD JUN 12, 2026
$895,000
E
4 beds3 baths2,978 sq ft
190 River Watch Ln, Youngsville, NC 27596
SOLD FEB 26, 2026
$1,325,000
F
4 beds4 baths4,614 sq ft
5316 Mill Dam Rd, Wake Forest, NC 27587

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Earn from this home

Sell

$165,325

Est. take-home

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Refinance

Est. cash available

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Rent

$3,833/mo

Redfin rental estimate

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Market trends in 27587, NC

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

98.2%

0.0% MoM

Median sale price

$495K

$5K MoM

Avg. days on market

58d

4 days MoM

Recently sold homes

402

17 MoM

New listings for sale

OPEN SAT, 1PM TO 3PM
$564,900
4 beds2.5 baths3,009 sq ft
6220 Ridgemount St, Wake Forest, NC 27587
OPEN SAT, 12PM TO 4PM
$974,900
4 beds3.5 baths3,721 sq ft
5340 Mill Dam Rd, Wake Forest, NC 27587
NEW 10 HRS AGO
$265,000
3 beds2.5 baths1,719 sq ft
1440 Montonia St, Wake Forest, NC 27587
NEW 15 HRS AGO
$575,000
4 beds3.5 baths3,520 sq ft
1312 Litchborough Way, Wake Forest, NC 27587
LISTED BY REDFIN 23 HRS AGO
$275,000
3 beds2.5 baths1,733 sq ft
1322 Legacy Greene Ave, Wake Forest, NC 27587
$584,900
3 beds2 baths2,273 sq ft
10002 Ligon Mill Rd, Wake Forest, NC 27587
OPEN TODAY, 4PM TO 6PM
$639,000
5 beds4 baths2,874 sq ft
1116 Woodland Grove Way, Wake Forest, NC 27587
$575,000
4 beds3.5 baths3,537 sq ft
1921 Trent River Ave, Wake Forest, NC 27587
$2,100,000
5 beds6.5 baths9,296 sq ft
7421 New Forest Ln, Wake Forest, NC 27587
VIDEO TOUR
$975,000
5 beds4.5 baths4,601 sq ft
1317 Magnolia Glen Cir, Wake Forest, NC 27587
See all

Provided by Redfin

Sale history for 5301 Mill Dam Rd

Date

Event

Price

TMLS #10038509

Aug 27, 2024

Sold

$880,000

$228/sq ft

Jul 29, 2024

Pending

—

Jun 28, 2024

Listed

$895,000

$231/sq ft

TMLS #10029819

Jun 14, 2024

Listing Removed

—

Jun 1, 2024

Price Changed

$910,000

$235/sq ft

May 16, 2024

Listed

$925,000

$239/sq ft

TMLS #2149043

Apr 18, 2018

Sold

$485,000

$125/sq ft

Mar 4, 2018

Pending

—

Feb 17, 2018

Relisted

—

Dec 14, 2017

Listing Removed

—

Oct 14, 2017

Price Changed

$485,000

$125/sq ft

Sep 1, 2017

Listed

$500,000

$129/sq ft

+20

Custom home on 2.36 acres with mature trees in established Millrace neighborhood. Home features first floor Master Suite with walk in closet, quartz countertops and double shower heads. Beautiful large kitchen with granite counter tops, double wall ovens, island and peninsula bar. Family room has stone masonry fireplace, built-in cabinets & wet bar. Upstairs you'll find 3 bedrooms, 2 bathrooms, office and bonus room w/ built-in cabinets. Back porch, brick patio, built-in grill. 2 Car Garage. Home Warranty

Public Records

Oct 27, 1997

Sold

$315,000

$81/sq ft

Public Records

Dec 11, 1996

Sold

$60,000

$16/sq ft

Public Records

Oct 18, 1995

Sold

$40,000

$10/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$5,458 (+3.0%)

$210,000 + $640,148

$850,148

2024

$5,299 (+37.2%)

$210,000 + $640,148

$850,148

2023

$3,861 (+7.9%)

$210,000 + $640,148

$850,148

2022

$3,578 (+2.8%)

$120,000 + $372,664

$492,664

2021

$3,482 (+1.7%)

$120,000 + $372,664

$492,664

2020

$3,424 (−0.7%)

$120,000 + $372,664

$492,664

2019

$3,449 (+8.8%)

$120,000 + $372,664

$492,664

2018

$3,171 (+5.5%)

$90,000 + $329,852

$419,852

2017

$3,005 (+2.1%)

$90,000 + $329,852

$419,852

2016

$2,944 (−6.0%)

$90,000 + $329,852

$419,852

2015

$3,133 (+5.5%)

$90,000 + $329,852

$419,852

2014

$2,970 (+7.1%)

$115,000 + $333,357

$448,357

2013

$2,773

$115,000 + $333,357

$448,357

2012

$2,773

$115,000 + $333,357

$448,357

2011

$2,773

$115,000 + $333,357

$448,357

Tax history for 5301 Mill Dam Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,458 (+3.0%)

$210,000 + $640,148

$850,148

2024

$5,299 (+37.2%)

$210,000 + $640,148

$850,148

2023

$3,861 (+7.9%)

$210,000 + $640,148

$850,148

2022

$3,578 (+2.8%)

$120,000 + $372,664

$492,664

2021

$3,482 (+1.7%)

$120,000 + $372,664

$492,664

2020

$3,424 (−0.7%)

$120,000 + $372,664

$492,664

2019

$3,449 (+8.8%)

$120,000 + $372,664

$492,664

2018

$3,171 (+5.5%)

$90,000 + $329,852

$419,852

2017

$3,005 (+2.1%)

$90,000 + $329,852

$419,852

2016

$2,944 (−6.0%)

$90,000 + $329,852

$419,852

2015

$3,133 (+5.5%)

$90,000 + $329,852

$419,852

2014

$2,970 (+7.1%)

$115,000 + $333,357

$448,357

2013

$2,773

$115,000 + $333,357

$448,357

2012

$2,773

$115,000 + $333,357

$448,357

2011

$2,773

$115,000 + $333,357

$448,357

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

3.5

Stories

Lot width

—

Lot depth

—

Lot size

102,801

Year renovated

2002

Sq. Ft.

3,868

Year built

1997

Style

Single Family Residential

County

Wake County

APN

1861.03 22 9451 000

Parking Spaces

Basement

Accessible

Yes

HOA Dues

$34 /month

Garage

Yes

Features

Views

Last updated by owner on Sep 24, 2025.

R-30

Residential-30 District

The R-30 districts are known as non-watershed residential districts. These districts allow a range of very-low to moderate-density residential development and various building forms, depending on the specific district. A limited number of nonresidential uses are also allowed. Some nonresidential uses are permitted by-right; others are allowed only within designated activity centers and then 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:

Religious facility
Housing-Single unit
Housing-Multiple units
Educational/school
Library
Golf related
Housing-Mobile home park
Park & open space

Oct 24, 2024 • Final

Residential trade permit. plumbing, mechanical, or electrical

Convert a package unit to natural gas, including gas and air conditioning equipment. Existing gas piping and liquid propane services will remain for other fixtures. All work is located on the right side of the home exterior with no trenching or electrical work required.

Gas

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking Information
Attached Garage: Yes
Garage: Yes
Garage Spaces: 2
Open Parking: Yes
Open Parking Spaces: 2
Parking Features: Attached, Concrete, Driveway, Garage
Parking Total: 4

Interior

Bathroom Information
Bathrooms Full: 3
Bathrooms Half: 1

Bedroom Information
Bedrooms Total: 4

Interior Features
Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Range, Microwave
Interior Features: Bookcases, Granite Counters, Pantry, Quartz Counters, Smooth Ceilings, Walk-In Closet(s), Wet Bar
Fireplace: Yes
Fireplace Features: Family Room, Gas Log, Masonry, Wood Burning
Flooring: Carpet, Hardwood, Tile

Exterior

Building Information
Construction Materials: Fiber Cement
Building Area Total: 3868.0

Exterior Features
Foundation Details: Brick/Mortar
Roof: Shingle

Property information
Above Grade Finished Area: 3868.0
Below Grade Finished Area: 0.0
Levels: Two

Lot Information
Lot Size Acres: 2.36
Lot Size Area: 2.36
Lot Size Square Feet: 102801.0
Lot Size Units: Acres

Financial

Tax Information
Tax Annual Amount: 3860.8

Financial Information
Buyer Financing: Conventional

Utilities

Utility Information
Sewer: Septic Tank
Water Source: Public

Heating & Cooling
Heating: Yes
Heating Information: Forced Air, Gas Pack, Heat Pump
Cooling: Yes
Cooling Information: Central Air, Gas Pack, Heat Pump

Location

HOA Information
Association: Yes
Association Name: Mill Race HOA
Association Fee: 397.0
Association Fee Frequency: Annually
Association Fee Includes: Maintenance Grounds

School Information
Elementary School: Wake - Richland Creek
Middle Or Junior School: Wake - Wake Forest
High School: Wake - Wake Forest

Location Information
County Or Parish: Wake
Directions: Get on I-540 E from Six Forks Rd. Follow I-540 E and US-401 N to State Hwy 96 N. Continue on State Hwy 96 N. Take NC-98 W and Averette Rd to Mill Dam Rd.
Latitude: 35.980793
Longitude: -78.449063
Postal Code: 27587
Road Responsibility: Public Maintained Road

Public facts

Beds: 4
Baths: 3.5
Sq. Ft.: 3,868
Stories: 1.5
Parking Spaces: 4
Basement: No
Accessible: Yes
Lot Size: 2.36 acres
Style: Single Family Residential
Year Built: 1997
Year Renovated: 2002
County: Wake County
APN: 1861.03 22 9451 000
HOA Dues: $34/month
Garage: Yes
Features: Views

Home facts updated by owner on Sep 24, 2025

Other

Listing Date Information
Contract Status Change Date: 2024-08-28
Documents Change Timestamp: 2024-07-09T00:37:48Z
Photos Change Timestamp: 2024-06-28T19:58:11Z

Around this home

Schools

K - 12
Preschool & daycare

Richland Creek Elementary School

Public PreK-5 • Assigned • 4.1mi

8/10

Wake Forest Middle School

Public 6-8 • Assigned • 4.9mi

4/10

Wake Forest High School

Public 9-12 • Assigned • 3.7mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 105° expected this year, 16 days in 30 years

6/10 Wind Factor

53% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 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°

63°

70°

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 9.1 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

9.1 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$851,000 – $1.03M

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Home values near 5301 Mill Dam Rd

Data from public records.

Address	Redfin Estimate
5316 Mill Dam Rd, Wake Forest, NC 4 Beds \| 4 Baths \| 4614 Sq. Ft.	$1,430,231
5313 Mill Dam Rd, Wake Forest, NC - Beds \| 3.5 Baths \| 3334 Sq. Ft.	$845,473
5300 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 4348 Sq. Ft.	$1,266,325
5252 Mill Dam Rd, Wake Forest, NC - Beds \| 3.5 Baths \| 5167 Sq. Ft.	$966,753
5256 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 3384 Sq. Ft.	$1,046,156
8209 Zebulon Rd, Youngsville, NC - Beds \| 2.5 Baths \| 2106 Sq. Ft.	$740,202
5900 Tranquil Cv, Youngsville, NC 4 Beds \| 3 Baths \| 2475 Sq. Ft.	$688,270

Address	Redfin Estimate
5320 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 3233 Sq. Ft.	$828,600
5309 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 2700 Sq. Ft.	$710,180
5241 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 3024 Sq. Ft.	$854,138
5260 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 3692 Sq. Ft.	$891,875
8125 Zebulon Rd, Youngsville, NC - Beds \| 3.5 Baths \| 2640 Sq. Ft.	$496,082
8213 Zebulon Rd, Wake Forest, NC 3 Beds \| 3 Baths \| 3104 Sq. Ft.	$730,143
5904 Tranquil Cv, Youngsville, NC 3 Beds \| 3.5 Baths \| 2672 Sq. Ft.	$783,540

Address	Redfin Estimate
5305 Mill Dam Rd, Wake Forest, NC 6 Beds \| 4 Baths \| 4409 Sq. Ft.	$908,625
5308 Mill Dam Rd, Wake Forest, NC 4 Beds \| 4.5 Baths \| 4256 Sq. Ft.	$1,255,209
5245 Mill Dam Rd, Wake Forest, NC - Beds \| 3 Baths \| 2826 Sq. Ft.	$896,704
5257 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 3295 Sq. Ft.	$1,010,735
8205 Zebulon Rd, Youngsville, NC 3 Beds \| 2 Baths \| 1710 Sq. Ft.	$524,999
5905 Tranquil Cv, Youngsville, NC 4 Beds \| 3.5 Baths \| 3365 Sq. Ft.	$881,442

Property information provided by TMLS when last listed in 2024. This data may not show owner updates. Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 27587, NC

Sale history for 5301 Mill Dam Rd

Tax history for 5301 Mill Dam Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 27587

Home values near 5301 Mill Dam Rd

More real estate resources