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124 Light Falls Dr

Wake Forest, NC 27587

3 bd 3 ba 2,638 sqft Built 1992 Lot 62,291 sqft single_family
Most recent sale
$530,000
Sep 23, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 23, 2022 Sold $530,000 MLS #2467881
Aug 11, 2022 Listed $540,000 MLS #2467881
Jan 19, 2021 Sold $350,000 MLS #2357339
Oct 15, 1997 Sold $223,000 Public Record
Nov 5, 1991 Sold $28,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $434,087 $95,000 $529,087 $3,404
2024 $434,087 $95,000 $529,087 $3,305
2023 $261,545 $65,000 $326,545 $2,843
2022 $261,545 $65,000 $326,545 $2,378
2021 $261,545 $65,000 $326,545 $2,315
2020 $261,545 $65,000 $326,545 $2,276
2019 $202,107 $79,000 $281,107 $2,316
2018 $202,107 $79,000 $281,107 $2,129
2017 $202,107 $79,000 $281,107 $2,019
2016 $202,107 $79,000 $281,107 $1,978
2015 $239,672 $74,000 $313,672 $2,198
2014 $239,672 $74,000 $313,672 $2,084
2013 $239,672 $74,000 $313,672 $1,946
2012 $239,672 $74,000 $313,672 $1,946
2011 $239,672 $74,000 $313,672 $1,946
2010 $239,672 $74,000 $313,672 $1,946
2009 $239,672 $74,000 $313,672 $1,946
2007 $239,672 $74,000 $313,672 $1,948

Property facts

Year built
1992
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,638 sqft
Lot size
62,291 sqft
ZIP code
27587
City
Wake Forest
Street
Light Falls Dr
Coordinates
36.03768, -78.64327

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,561
Gross rental yield
8.06%
Implied cap rate
5.24%
Trend-extrapolated value

Frequently asked questions

When did 124 Light Falls Dr last sell?
124 Light Falls Dr most recently sold on Sep 23, 2022 for $530,000.
What is the current tax assessment for 124 Light Falls Dr?
The most recent total assessment for 124 Light Falls Dr (year 2025) is $529,087 with $3,404 in property tax.
How does 124 Light Falls Dr's assessment compare to its last sale price?
The current assessment is 0.2% below the last sale price of $530,000.
When was 124 Light Falls Dr built?
124 Light Falls Dr was built in 1992.
How does 124 Light Falls Dr compare to others on Light Falls Dr?
We track 5 other properties on Light Falls Dr. Browse the list under "Other properties on Light Falls Dr" to compare beds, baths, and sale history.
What are the property facts for 124 Light Falls Dr?
124 Light Falls Dr is a 3 bed, 3 bath, 2,638 sqft, 62,291 sqft lot single_family.
Is 124 Light Falls Dr a flip candidate?
Yes — 124 Light Falls Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 124 Light Falls Dr a tax-appeal candidate?
No — 124 Light Falls Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-6.4%
Implied 1-yr
-25.6%
2026 Q3
$467.5K
2026 Q4
$456.6K
ZIP 27587 — Median Price History + Forecast

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