tomo logo

$3,200,000

Beds
5
Baths
8.5
sq ft
12,382

1820 Oatlands Court, Wake Forest, NC 27587

1820 Oatlands Court

Wake Forest, NC 27587

  • 132 days on market
    • Price drop $400,000↓
It's here, at the end of a quiet cul-de-sac, you immediately know you're someplace special. This beautiful, spacious estate has an extraordinary setting with nearly two acres bordering protected parkland and private access to Falls Lake, just a short walk through the woods, for fishing and paddle boarding or sipping a cold drink while you soak in the natural beauty. This stately home itself is also a place to retreat from work and the world, where there's everything you need, and more, with elegant and expansive gathering spaces, and 12 and 14-foot ceilings on the main level, this home is also warm, and filled with personality with a 2-story foyer, floating staircase and open custom kitchen, and inviting spots to gather by one of the seven fireplaces. This is also a home that knows how to have fun, whether playing pool in your very own pub, or having a movie night in a real theatre modeled after the Fox in Atlanta - complete with a ticket booth and concession stand. Work out in the large gym with outdoor access, then hit the sauna, and afterward reward yourself with something out of the massive climate-controlled wine cellar. This home has plenty of room and all the amenities, including generous spaces for multi-generational living and many updates including a remodeled master suite, updated bathrooms, freshly painted interior, newer roof and HVAC, etc. Throughout this thoughtfully designed home by award-winning Atlanta architects Spitzmiller and Norris, there are beautiful details, sunken rooms, built-ins and window benches, all in a brick-clad home with huge verandas, patios, and a screened-in porch for outdoor living. It all overlooks a fenced backyard where dogs can run, kids can play, and adults can entertain or relax alongside gorgeous, mature private gardens. Nearby are even more amenities, including biking trails, a park, and the Country Club at Wakefield Plantation, a place to make new friends through golf, racquet sports, aquatics, and dining.

Details

Property type

Single Family Residence

Est. home value

$2,265,677

Lot size

1.87 acres

Price per sq ft

$259

Year built

2001

Annual property taxes

$13,733

HOA fee

$495

Price History

08/21/2024
TriangleMLS

TriangleMLS #10037826

Price change
$3,200,000
-11.11%
06/26/2024
TriangleMLS

TriangleMLS #10037826

Listed
$3,600,000
+83.67%
07/16/2021
TriangleMLS

TriangleMLS #2280100

Sold
$1,960,000

Schools & Community

Elementary school: 

Wake - Wakefield

Middle school: 

Wake - Wakefield

High school: 

Wake - Wakefield

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Huntington National Bank

Loan start date

July 2021

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

1.72%

Loan type

New Conventional, 30 year

Seller

Gary P Mcdermott and Jeannie Mcdermott

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 7:05 PM

Listing updated: 08/23/2024 at 9:34 AM

Listed by: Siobhan Finnamore, Allen Tate/Raleigh-Glenwood Phone #: (919) 719-2900

MLS: TriangleMLS #10037826

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