OFF MARKET

Off market nov 2021 for $876K

$1,183,705

Est. refi paymentEst. refi $4,433/mo

•

3,697

sq ft

5340 Mill Dam Rd, Wake Forest, NC 27587

About this home

Single-familyProperty Type

2006Year Built

3.01 acresLot Size

$320Est. Price/Sq.Ft.

2 car garageParking

Listed by Lisa Southern • Compass -- Raleigh

Bought with Lisa Quin • EXP Realty LLC

Redfin checked: a minute ago

•Source:TMLS #2409880

Redfin Estimate

$1,183,705

$308K since sold in November 2021$6,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 38.4% higher than the average sale price ($855K) 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 JAN 27, 2026
$800,000
B
4 beds3 baths3,247 sq ft
5373 Mill Dam Rd, Wake Forest, NC 27587
SOLD MAY 29, 2026
$1,000,000
C
3 beds3.5 baths3,045 sq ft
5228 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 AUG 19, 2026
$665,000
F
5 beds3 baths2,902 sq ft
150 Rivers Edge Dr, Youngsville, NC 27596

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Earn from this home

Sell

$479,676

Est. take-home

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Est. cash available

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Rent

$3,944/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

98.5%

0.2% MoM

Median sale price

$502K

$8K MoM

Avg. days on market

54d

12 days MoM

Recently sold homes

414

52 MoM

New listings for sale

$900,000
4 beds3.5 baths3,326 sq ft
409 N Main St, Wake Forest, NC 27587
3D WALKTHROUGH
$541,000
2 beds2 baths1,824 sq ft
1417 Santa Cruz St, Wake Forest, NC 27587
3D WALKTHROUGH
$299,900
2 beds2.5 baths915 sq ft
1500 River Mill Dr #110, Wake Forest, NC 27587
COMING SOON
$2,199,999
5 beds6.5 baths9,296 sq ft
7421 New Forest Ln, Wake Forest, NC 27587
COMING SOON
$754,900
4 beds3.5 baths3,796 sq ft
8724 Balbirnie Ct, Wake Forest, NC 27587
$100,000
2 beds2 baths924 sq ft
857 N Main St, Wake Forest, NC 27587
3D WALKTHROUGH
$699,000
3 beds3.5 baths2,094 sq ft
4801 Eagleroost Ct, Wake Forest, NC 27587
3D WALKTHROUGH
$925,000
4 beds4 baths3,872 sq ft
117 Nate Ct, Wake Forest, NC 27587
$549,900
5 beds4 baths3,100 sq ft
2101 Birdhouse Ln, Wake Forest, NC 27587
COMING SOON
$760,000
4 beds3.5 baths3,317 sq ft
1513 Heritage Reserve Ct, Wake Forest, NC 27587
See all

Provided by Redfin

Sale history for 5340 Mill Dam Rd

Date

Event

Price

TMLS #10187579

Oct 12, 2026

Listing Removed

—

Aug 20, 2026

Listed

$1,150,000

$311/sq ft

TMLS #2536018

Jan 8, 2024

Listing Removed

—

Nov 12, 2023

Price Changed

$1,150,000

$311/sq ft

Nov 1, 2023

Price Changed

$1,175,000

$318/sq ft

Oct 6, 2023

Listed

$1,200,000

$325/sq ft

TMLS #2409880

Nov 15, 2021

Sold

$876,000

$237/sq ft

Oct 2, 2021

Contingent

—

Sep 30, 2021

Listed

$835,000

$226/sq ft

Sep 30, 2021

Coming Soon

$835,000

$226/sq ft

Sep 25, 2021

Listing Removed

—

Sep 24, 2021

Coming Soon

$835,000

$226/sq ft

Public Records

Jul 28, 2017

Sold

$567,000

$153/sq ft

TMLS #2135675

Jul 28, 2017

Sold

$564,500

$153/sq ft

Jul 26, 2017

Pending

—

Jul 8, 2017

Contingent

—

Jun 29, 2017

Listed

$569,900

$154/sq ft

TMLS #1618943

Nov 7, 2008

Listing Removed

—

Aug 21, 2008

Listed

$699,900

$189/sq ft

Public Records

May 30, 2006

Sold

$175,000

$47/sq ft

Public Records

Aug 6, 1998

Sold

$78,000

$21/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$7,391 (+3.0%)

$273,000 + $879,429

$1,152,429

2024

$7,177 (+42.4%)

$273,000 + $879,429

$1,152,429

2023

$5,039 (+7.9%)

$273,000 + $879,429

$1,152,429

2022

$4,669 (+2.8%)

$156,000 + $487,768

$643,768

2021

$4,544 (+1.7%)

$156,000 + $487,768

$643,768

2020

$4,468 (−5.9%)

$156,000 + $487,768

$643,768

2019

$4,751 (+9.8%)

$156,000 + $487,768

$643,768

2018

$4,325 (+11.6%)

$135,000 + $444,226

$579,226

2017

$3,875 (+2.1%)

$135,000 + $407,196

$542,196

2016

$3,796 (−14.9%)

$135,000 + $407,196

$542,196

2015

$4,461 (+5.5%)

$135,000 + $407,196

$542,196

2014

$4,227 (+7.1%)

$230,000 + $409,453

$639,453

2013

$3,946

$230,000 + $409,453

$639,453

2012

$3,946

$230,000 + $409,453

$639,453

2011

$3,946

$230,000 + $409,453

$639,453

Tax history for 5340 Mill Dam Rd

Year

Property tax

Land + Additions

Assessment*

2025

$7,391 (+3.0%)

$273,000 + $879,429

$1,152,429

2024

$7,177 (+42.4%)

$273,000 + $879,429

$1,152,429

2023

$5,039 (+7.9%)

$273,000 + $879,429

$1,152,429

2022

$4,669 (+2.8%)

$156,000 + $487,768

$643,768

2021

$4,544 (+1.7%)

$156,000 + $487,768

$643,768

2020

$4,468 (−5.9%)

$156,000 + $487,768

$643,768

2019

$4,751 (+9.8%)

$156,000 + $487,768

$643,768

2018

$4,325 (+11.6%)

$135,000 + $444,226

$579,226

2017

$3,875 (+2.1%)

$135,000 + $407,196

$542,196

2016

$3,796 (−14.9%)

$135,000 + $407,196

$542,196

2015

$4,461 (+5.5%)

$135,000 + $407,196

$542,196

2014

$4,227 (+7.1%)

$230,000 + $409,453

$639,453

2013

$3,946

$230,000 + $409,453

$639,453

2012

$3,946

$230,000 + $409,453

$639,453

2011

$3,946

$230,000 + $409,453

$639,453

*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

1.5

Lot width

—

Lot depth

—

Lot size

3.01 Acres

Year renovated

2012

Sq. Ft.

3,753

Year built

2007

Style

Single Family Residential

County

Wake County

APN

1861.03 21 5028 000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 31, 2026.

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

Apr 3, 2025 • Final

Residential or farm trade permit. electrical, mechanical or plumbing

Install a new generator and run the electrical line down the exterior brick wall. No trenching is required for this installation. The homeowner will perform the mechanical work.

Electrical

Generator

Feb 15, 2024 • Final

Accessory structure application for wastewater

Install a new generator and perform necessary trenching. The homeowner will complete the mechanical work.

Electrical

Generator

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 Spaces: 2
Parking Features: Attached, Concrete, Driveway, Garage

Interior

Bathroom Information
Bathrooms Full: 3
Bathrooms Half: 2

Bedroom Information
Bedrooms Total: 4

Interior Features
Appliances: Propane Water Heater
Fireplace: Yes
Fireplace Features: Propane
Fireplaces Total: 2
Flooring: Carpet, Combination, Wood

Exterior

Building Information
Construction Materials: Fiber Cement, Wood Siding
Building Area Total: 3697.0
Structure Type: Site Built

Property information
Above Grade Finished Area: 3697.0
Below Grade Finished Area: 0.0
Levels: One and One Half
Ownership Type: Other

Lot Information
Lot Size Acres: 3.01
Lot Size Area: 3.01
Lot Size Dimensions: See Plat Map
Lot Size Square Feet: 131115.6
Lot Size Units: Acres
Waterfront: Yes

Financial

Tax Information
Tax Annual Amount: 4543.0

Financial Information
Buyer Financing: Conventional

Utilities

Heating & Cooling
Heating: Yes
Heating Information: Heat Pump, Propane
Cooling: Yes
Cooling Information: Central Air

Location

HOA Information
Association: Yes
Association Fee: 344.0
Association Fee Frequency: Annually
Association Fee 2: 0.0

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: From Raleigh US Hwy 1 North Right on Hwy 98EBypass approx. 3.5 miles, Left on Averette Road, Right into Millrace Subdivision on Mill DamRoad.
Latitude: 35.977082
Longitude: -78.450774
Postal Code: 27587

Public facts

Beds: —
Baths: 3.5
Sq. Ft.: 3,753
Stories: 1.5
Lot Size: 3.01 acres
Style: Single Family Residential
Year Built: 2007
Year Renovated: 2012
County: Wake County
APN: 1861.03 21 5028 000

Home facts updated by county records on Oct 30, 2026

Other

Listing Date Information
Contract Status Change Date: 2021-11-15
Documents Change Timestamp: 2024-06-17T08:45:49Z

Around this home

Schools

Richland Creek Elementary School

Public PreK-5 • Assigned • 4.2mi

8/10

Wake Forest Middle School

Public 6-8 • Assigned • 4.8mi

4/10

Wake Forest High School

Public 9-12 • Assigned • 3.6mi

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

52% 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

91/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.7 hrs

6.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.13M – $1.36M

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COMING SOON

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3D WALKTHROUGH

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Cul-de-sac lot • Hardwood flooring • Custom trim details

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Home values near 5340 Mill Dam Rd

Data from public records.

Address	Redfin Estimate
5316 Mill Dam Rd, Wake Forest, NC 4 Beds \| 4 Baths \| 4614 Sq. Ft.	$1,443,710
5308 Mill Dam Rd, Wake Forest, NC 4 Beds \| 4.5 Baths \| 4256 Sq. Ft.	$1,292,661

Address	Redfin Estimate
5320 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 3233 Sq. Ft.	$849,666
5300 Mill Dam Rd, Wake Forest, NC 4 Beds \| 3.5 Baths \| 4348 Sq. Ft.	$1,268,202

Address	Redfin Estimate
5328 Mill Dam Rd, Wake Forest, NC - Beds \| 3.5 Baths \| 3427 Sq. Ft.	$1,176,852
5252 Mill Dam Rd, Wake Forest, NC - Beds \| 3.5 Baths \| 5167 Sq. Ft.	$982,998

Property information provided by TMLS when last listed in 2021. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 27587, NC

Sale history for 5340 Mill Dam Rd

Tax history for 5340 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 5340 Mill Dam Rd

More real estate resources