724 Reserve Estates Dr
Wake Forest, NC 27587
6 bd 5 ba 4,777 sqft Built 2014 Lot 86,249 sqft single_family
Most recent sale
$790,000
Jun 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 12, 2024 | Listed | $1,050,000 | TriangleAreaNC |
| Jun 1, 2022 | Sold | $790,000 | Public Record |
| Oct 8, 2014 | Sold | $651,000 | Public Record |
| Sep 16, 2014 | Listing removed | $650,142 | TriangleAreaNC |
| Sep 9, 2014 | Listed | $650,142 | TriangleAreaNC |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $707,642 | $270,000 | $977,642 | $9,181 |
| 2024 | $598,218 | $270,000 | $868,218 | $8,124 |
| 2023 | $526,417 | $156,000 | $682,417 | $7,949 |
| 2022 | $526,417 | $156,000 | $682,417 | $7,625 |
| 2021 | $526,417 | $156,000 | $682,417 | $7,492 |
| 2020 | $526,417 | $156,000 | $682,417 | $7,492 |
| 2019 | $477,027 | $169,000 | $646,027 | $8,050 |
| 2018 | $477,027 | $169,000 | $646,027 | $7,606 |
| 2017 | $477,027 | $169,000 | $646,027 | $7,352 |
| 2016 | $477,027 | $169,000 | $646,027 | $7,258 |
| 2015 | $427,612 | $135,000 | $562,612 | $6,402 |
| 2014 | — | $135,000 | $135,000 | $1,482 |
Property facts
Year built
2014
Property type
single_family
Stories
2
Beds
6
Baths
5
Living area
4,777 sqft
Lot size
86,249 sqft
ZIP code
27587
City
Wake Forest
Street
Reserve Estates Dr
Coordinates
35.97902, -78.47292
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$6,449
Gross rental yield
9.80%
Implied cap rate
6.37%
Trend-extrapolated value
—
Frequently asked questions
When did 724 Reserve Estates Dr last sell?
724 Reserve Estates Dr most recently sold on Jun 1, 2022 for $790,000.
What is the current tax assessment for 724 Reserve Estates Dr?
The most recent total assessment for 724 Reserve Estates Dr (year 2025) is $977,642 with $9,181 in property tax.
How does 724 Reserve Estates Dr's assessment compare to its last sale price?
The current assessment is 23.8% above the last sale price of $790,000.
When was 724 Reserve Estates Dr built?
724 Reserve Estates Dr was built in 2014.
How does 724 Reserve Estates Dr compare to others on Reserve Estates Dr?
We track 1 other property on Reserve Estates Dr. Browse the list under "Other properties on Reserve Estates Dr" to compare beds, baths, and sale history.
What are the property facts for 724 Reserve Estates Dr?
724 Reserve Estates Dr is a 6 bed, 5 bath, 4,777 sqft, 86,249 sqft lot single_family.
Is 724 Reserve Estates Dr a flip candidate?
No — 724 Reserve Estates Dr does not appear in our flips dataset.
Is 724 Reserve Estates Dr a tax-appeal candidate?
Yes — 724 Reserve Estates Dr appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly 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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