5241 Mill Dam Rd, Wake Forest, NC 27587
OFF MARKET

$730,600

Trulia Estimate
  • 4 Beds
  • 3.5 Baths
  • 3,024 sqft (on 1.44 acres)

5241 Mill Dam Rd, Wake Forest, NC 27587

Est. Refi. Payment $4,401/mo*
Refinance Your Home
Currently Off Market - Sold Sep 15, 2025 for $750,000

Home Value

Trulia Estimate
$731K
Since last month
Decreased$13K (-1.8%)
Since last year
Decreased$20K (-2.6%)
Since last sale
Decreased$20K (-2.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +73% in the last 10 years
MonthEstimated value
2026
September 2026$730K
August 2026$744K
July 2026$748K
June 2026$747K
May 2026$745K
April 2026$739K
March 2026$743K
February 2026$743K
January 2026$744K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5228 Mill Dam Rd, Wake Forest, NC
0.15
Single-Family Home
$1,000,000
05/29/26
3
3.5
3,045
5373 Mill Dam Rd, Wake Forest, NC
0.38
Single-Family Home
$800,000
01/27/26
4
3
3,247
5316 Mill Dam Rd, Wake Forest, NC
0.27
Single-Family Home
$1,325,000
02/26/26
4
4
4,614
2117 Averette Rd, Wake Forest, NC
0.53
Single-Family Home
$900,000
11/10/25
3
4.5
2,730
5205 Mill Dam Rd, Wake Forest, NC
0.40
Single-Family Home
$1,200,000
04/28/26
4
5
7,789
309 Toadstool Trl, Wake Forest, NC
0.46
Single-Family Home
$620,000
03/17/26
5
4
3,288
140 Rivers Edge Dr, Youngsville, NC
1.06
Single-Family Home
$775,000
09/18/26
4
3
3,180
313 Toadstool Trl, Wake Forest, NC
0.47
Single-Family Home
$627,000
06/10/26
5
4
3,545
813 Precipice Way, Wake Forest, NC
0.51
Single-Family Home
$515,000
08/24/26
4
3
2,856
5416 Mill Dam Rd, Wake Forest, NC
0.53
Single-Family Home
$610,000
08/03/26
5
4
3,555

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5228 Mill Dam Rd, Wake Forest, NC 27587
0.15
$1,000,000
3
3.5
3,045
Recently Sold
5300 Mill Dam Rd, Wake Forest, NC 27587
0.19
$1,325,000
4
3.5
4,348
For Sale
5301 Mill Dam Rd, Wake Forest, NC 27587
0.23
$919,800
4
3.5
3,868
Off Market
5316 Mill Dam Rd, Wake Forest, NC 27587
0.27
$1,325,000
4
4
4,614
Recently Sold
5344 Mill Dam Rd, Wake Forest, NC 27587
0.26
$920,800
4
4.5
4,144
Off Market
5340 Mill Dam Rd, Wake Forest, NC 27587
0.29
$1,150,000
4
3.5
3,721
For Sale
5024 Grove Crossing Way, Wake Forest, NC 27587
0.36
$729,200
4
3
3,287
Off Market
5361 Mill Dam Rd, Wake Forest, NC 27587
0.32
$941,500
4
3
3,576
Off Market
2312 Averette Rd #1, Wake Forest, NC 27587
0.34
-
-
-
-
Off Market
5905 Tranquil Cv, Youngsville, NC 27596
0.38
$875,000
4
3.5
3,365
For Sale
2224 Averette Rd, Wake Forest, NC 27587
0.35
$327,700
3
2
1,525
Off Market

Local Information

  • Map ViewExplore the area around 5241 Mill Dam Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1996
1.44 acre lot
3,024 sqft
$242/sqft
Garage
HOA $33/mo

About this House

Stunning Retreat in Sought-After Millrace Subdivision
Welcome to your dream home in Millrace, one of Wake Forest's most coveted luxury communities. Known for its peaceful atmosphere and private pond views, this neighborhood blends serenity and convenience just minutes from local amenities.
This beautiful 4-bedroom home offers a spacious and thoughtful layout with the primary suite on the main floor. The owner's retreat features light-toned luxury vinyl plank flooring and room for a king-sized bed. The en-suite bath includes a jetted tub, large ceramic-tiled shower, dual vanities, white cabinetry, and an oversized mirror.
The heart of the home is a soaring living room with vaulted ceilings, a dramatic stone hearth wood-burning fireplace, and glass doors that open to an expansive, multi-level deck. Whether you're hosting a gathering or enjoying a quiet evening, the flow of this home is perfect for entertaining.
The gourmet kitchen includes high-end granite countertops, hardwood floors, an electric cooktop, a large refrigerator, and generous cabinet space. Enjoy your morning coffee in the breakfast nook while taking in serene views of the pond from the front porch.
Need a quiet escape? The cozy sunroom is surrounded by windows and includes a mini-split system for year-round comfort—ideal for unwinding with a book or soaking up natural light.
Upstairs, you'll find two spacious bedrooms, ample storage, and a versatile bonus room—perfect for a playroom, home office, or guest space.
Outside, a long gravel driveway leads to a detached two-car garage with a fully finished apartment above. This bonus space includes a full bath with a walk-in shower, making it a great option for guests, a teen suite, or even a private game room.
Don't miss your chance to own a slice of paradise in Wake Forest. With scenic surroundings, custom features, and flexible living space, this home truly has it all.
5241 Mill Dam Rd, Wake Forest, NC 27587 is a 4 bedroom, 4 bathroom, 3,024 sqft single-family home built in 1996. It last sold for the $750,000 asking price on Sep 15, 2025. More recently, it was listed as a rental in May 2011 with an asking price of $2,795 per month. That rental listing was removed on July 1, 2011. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $730,600, with a rent estimate of $3,393/month.
Last check for updates: about 11 hours ago
Listed by Brian Pate, (919) 669-4575
Pate Realty Group
Bought with: Shahla Rezvani, (919) 960-6302, Coldwell Banker - HPW
Source: Doorify MLS, MLS#10094667

Home Details for 5241 Mill Dam Rd

Interior Features

Interior Details
Number of Rooms: 10Types of Rooms: Master Bedroom, Bedroom 2, Bathroom 3, Bathroom 4, Kitchen, Laundry, Living Room, Other, Sunroom
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 3024 Square Feet
Appliances & Utilities
Utilities: Cable Connected, Electricity Connected, Water Connected, Septic ConnectedAppliances: Dishwasher, Electric Cooktop, Electric Oven, Gas Water HeaterDishwasherLaundry: Laundry Room,Main Level
Heating & Cooling
Heating: Central,Electric,Forced Air,Heat PumpHas CoolingAir Conditioning: Central Air,Ceiling Fan(s),Dual,Electric,Heat PumpHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Living Room, Wood BurningNo Spa
Windows, Doors, Floors & Walls
Window: Insulated WindowsFlooring: Carpet, Ceramic Tile, Hardwood
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Carpet, Ceramic Tile, Hardwood
View
No View
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: Deck, Front PorchVegetation: Cleared, Grassed, Natural State, Partially Wooded, WoodedExterior: Private Entrance, Private Yard, Rain Gutters, Smart Lock(s)Foundation: Pillar/Post/Pier
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Open Parking Spaces: 4Has a GarageHas Open ParkingParking Spaces: 6Parking: Deck,Garage Faces Side,Garage,Garage Door Opener
Frontage
Road Frontage: State RoadResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: Asphalt
Water & Sewer
Sewer: Septic Tank
Farm & Range
Horse Amenities: None
Finished Area
Finished Area (above surface): 3024 Square Feet

Property Information

Year Built
Year Built: 1996
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: Traditional,Williamsburg,Transitional
Building
Construction Materials: CedarNot a New Construction
Property Information
Parcel Number: 1861127346

Price & Status

Price
List Price: $750,000
Status Change & Dates
Off Market Date: Sun Aug 10 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: Wake ForestCommunity: Millrace
School Information
Elementary School: Wake - Richland Creek Elementary SchoolJr High / Middle School: Wake - Wake Forest Middle SchoolHigh School: Wake - Wake Forest High School

Building

Building Area
Building Area: 3024 Square Feet

Community

Community Features: Fishing, Lake

HOA

HOA Fee Includes: Maintenance GroundsHOA Name: Millrace HOAHas an HOAHOA Fee: $400/Annually

Lot Information

Lot Area: 1.44 Acres

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

Mls Number: 10094667Above Grade Unfinished Area: 3024Start Showing Date: Thu May 15 2025

Additional Information

HOA Amenities: LandscapingSource Internet Entire Listing Display

Price and Tax history

DateEventPrice
Sep 15, 2025
Source: Doorify MLS #10094667
Sold
$750,000
Aug 11, 2025
Source: Doorify MLS #10094667
Pending
$750,000
Jul 28, 2025
Source: Doorify MLS #10094667
PriceChange
$750,000
Price decreased by 4%
Jun 20, 2025
Source: Doorify MLS #10094667
PriceChange
$785,000
Price decreased by 5%
May 15, 2025
Source: Doorify MLS #10094667
Listed For Sale
$825,000

Market trends in Wake Forest

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$540K
$8.33KMoM
Sale-to-List Price
99.2%
0.1%MoM
Price per sq ft
$213
$4MoM
Available listings
511

Around this home

What Locals Say about Wake Forest

At least 410 Trulia users voted on each feature.

  • 94 % Say car is needed

  • 93 % Say it's dog friendly

  • 87 % Say parking is easy

  • 83 % Say there's holiday spirit

  • 80 % Say people would walk alone at night

  • 79 % Say yards are well-kept

  • 76 % Say kids play outside

  • 75 % Say there are sidewalks

  • 73 % Say it's quiet

  • 68 % Say streets are well-lit

  • 64 % Say neighbors are friendly

  • 59 % Say they plan to stay for at least 5 years

  • 58 % Say there's wildlife

  • 49 % Say there are community events

  • 36 % Say it's walkable to restaurants

  • 33 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "There is a dog park and trails, also waste bag stations "
    0
    Flag
  • Elizabeth Miller
    "Dog friendly neighborhood with periodic dog cleaning stations"
    0
    Flag
  • Terri Coleman
    "I have lived in Wake Forest since 2004. Wake Forest has not done the best with infrastructure, but we have liked the neighborhoods we have lived in. "
    0
    Flag
  • Elizabeth Miller
    "Lovely town with quaint feel but near larger cities of Raleigh and Durham with loads of shops and medical resources."
    0
    Flag
  • Lou 3000
    "Everyone normally cleans after their pups and keeps them leashed. Neighborhood is normally clean and neighbors normally tend to their lawn."
    0
    Flag
  • Taliaxo194
    "So far so good. 4 months in. Everyone is super “neighborly” Would recommend to families. "
    0
    Flag
  • Itriplie94
    "I drive 18min to get to work grocery stores are nearby and fast food is nearby as well I drive 10min to closest car charger"
    0
    Flag
  • Dakotac
    "Feels like a hallmark town. Stuff around but not overcrowded feeling!! Lots of greenery & a cute downtown"
    0
    Flag
  • Lou 3000
    "The neighborhood has a lot of side walks. There are also many hills in this neighborhood. Walking trails are near so this is perfect for dog walking. "
    0
    Flag
  • Lou 3000
    "Many walking trails, libraries and other extracurricular activities available for kids. Not many sidewalk accessibility other than main neighborhood."
    0
    Flag
  • Danielle Livingston
    "I am not familiar with community events that make our neighborhood feel special. There is Friday Night on White; it is not special. "
    0
    Flag
  • Madison Smith
    "Lots of families and group events. Everyone is friendly and I feel safe in this area. Would recommend "
    0
    Flag
  • Monica.ortega70
    "Nice quiet neighborhood with well kept homes with huge property lots. Family oriented neighborhood "
    0
    Flag
  • Madison Smith
    "Very friendly neighbors, great community that respects each other. Not sure about schooling because my little is 1 but I’ve heard good things."
    0
    Flag
  • Monica.ortega70
    "Big yards for dogs to play in. Friendly neighborhood for walking your dog. Many parks and trails to take your dog on hikes. "
    0
    Flag
  • Brittany Brathwaite
    "Really nice area for family and enjoyable living. Plenty of fun things to do. You will need transportation. Some residents like to complain because the sky is blue - but other than that, great place to live outside of Raleigh. "
    0
    Flag
  • Michael Roberti
    "The commute to Morrisville and back is brutal. Lots of traffic on US 1 and 540. Accidents every day. People drive like maniacs weaving in and out of traffic. It is the only drawback to living here."
    0
    Flag
  • Vhfdbgt7kd
    "We have a neighborhood pool with snack bar and bar which families can join. Kids can then participate in swim team. "
    0
    Flag
  • Brittany Brathwaite
    "All of the people here are very friendly except for the few that seem to forget what it’s like to be a kid (or teenager) and enjoy being alive!"
    0
    Flag
  • Sally Dixon
    "Location location location! Lots of community events, town events lots to do and see. Beautiful greenway and lots of amenities! "
    4
    Flag
  • Brittany Brathwaite
    "There are great families, schools parks and resources for everyone. But not many outlets for teens. "
    0
    Flag
  • Ljaddison
    "The community is walkable and has ample walking and bike trails, a large community pool, and all grounds are well maintained. "
    1
    Flag
  • Brittany Brathwaite
    "People walk their dogs and for the most part, they’re responsible for the pet’s waste. Unfortunately, people are less tolerable of middle school age children and high schoolers simply being kids. "
    1
    Flag
  • PegH
    "A real sense of community. We all look out for each other; never is it as obvious as when the last bad storm came through. Everyone was out the next morning helping to clean up tree limbs and leaves from the entire cut-de-sac, not just their own yard, sharing tools, equipment and man power. "
    0
    Flag
  • Peggymhaas
    "We’ve lived here for 14+ years and love it. This little town has so much to offer; great restaurants, theater, parks, greenways and wonderful people! "
    9
    Flag
  • Andrew W.
    "Pools are awesome. Neighbors are awesome. Convenient to everything you need. Great community! "
    0
    Flag
  • Lwbenn
    "A bit of traffic around 4:00 to 6:00pm. My neighborhood is gated and has a very nice, exclusive Country Club. My neighborhood has it’s very own private security service and they constantly patrol the neighborhood."
    9
    Flag
  • Camcolwill
    "This is a good neighborhood to raise children. The only concern I would have as a parent of a teenager would be them learning to drive in heavy traffic"
    0
    Flag
  • Patsy
    "Schools are great. Very family oriented there is something for everyone in Wake Forest. Lots of nature & not far from Raleigh."
    0
    Flag
  • Naresh G.
    "Quiet, not crowded No traffic Nice neighbors Family friendly community Plenty of supermarkets Awesome trails for hiking "
    0
    Flag
  • Camcolwill
    "Community events in the park and on the Main Street are popular events for the community. The farmers market and the dog park are also popular"
    0
    Flag
  • Kingangel73
    "Wake Forest is warm and welcoming. It is family oriented and pet friendly. The school are great and there's tons of things to do. "
    0
    Flag
  • Patsy
    "Challenging at peak times of the day, considering I am commuting to and from Raleigh for work. Capital Blvd & Louisburg can be a nightmare."
    0
    Flag
  • Peggymhaas
    "I am retired but when I was working I worked in Cary, NC which generally required a 45 minute to 1 hour commute."
    4
    Flag
  • Peggymhaas
    "N/A. Retired but when I did work it was a 45 minute drive to Cary, NC. If I took Capital Blvd. the drive time could be an hour or more. "
    3
    Flag
  • Peggymhaas
    "I am retired. When I worked my commute was 40+ minutes. However, it was quite scenic, crossing the lake and past several horse farms. "
    1
    Flag
  • WF Resident
    "There are quite a few dog owners in my neighborhood. Most are responsible owners, but there are those that walk their dogs at night and allow them to relieve themselves in their neighbors yards. This is the part I dislike. I sit on my porch at night and you wouldn’t believe the things I see dog owners allow their dogs to do."
    10
    Flag
  • Peggym
    "Meet in the Street, Friday Night on White, MardiGras, the lighting of the Christmas Tree all make Wake Forest special. "
    4
    Flag
  • Julie B. .
    "Dog owners walk their dogs and there are trails in the common area for dogs to run. The lots sizes are big enough to have privacy from other neighbors. Fences are allowed. "
    0
    Flag
  • Kerryjuliekane
    "Ladies night out. Walking with friends. Bells lake access for fun trails. Fall pizza gathering in culdesac. "
    0
    Flag

LGBTQ Local Legal Protections

The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
Copyright 2026 Doorify MLS of North Carolina. All rights reserved.

Frequently asked questions about 5241 Mill Dam Rd

  • What is 5241 Mill Dam Rd estimated to be worth?
    Trulia's estimated value for 5241 Mill Dam Rd in Wake Forest, NC is $730,600.
  • What is the price history for 5241 Mill Dam Rd?
    5241 Mill Dam Rd in Wake Forest, NC last sold for $750,000 in September 2025.
  • Is Wake Forest a buyer's or seller's market?
    Wake Forest is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Wake Forest?
    The median sale price in Wake Forest is $540K. That is down $8.33K from the prior month.
  • Does 5241 Mill Dam Rd have air conditioning?
    Yes, 5241 Mill Dam Rd in Wake Forest, NC has air conditioning.
  • Does 5241 Mill Dam Rd have laundry facilities?
    Yes, 5241 Mill Dam Rd in Wake Forest, NC has laundry facilities.

Explore by feature - Pet Friendly

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