Homes/North Carolina/Wake Forest/1401 Freshwater Ct
CompCasa Property Analysis · single_family

1401 Freshwater Ct

Cul-de-Sac 5BR Home Backing to Protected Woods Near Falls Lake

Finished basement suite, private lot, steps from Neuse River Trail

5 beds6 baths3,555 sq ftBuilt 20190.25 acres2-car attached
CompCasa valuation analysis
Estimated market value
$700,000
Low $675,000 · Midpoint $700,000 · High $725,000
Confidence85%Sales comparison approach
Last recorded sale$20,000Feb 26, 2014
Assessed value$588,8482025 assessment
CompCasa estimate$700,000Mar 7, 2026
Estimate vs. last recorded sale+$680,000 / +3400.0%
$675,000$700,000 midpoint$725,000
Price / sq ft$197
Median sale price$650,000
Avg days on market30 days
Inventory2.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 12 months. Adjusted for size, condition, and location. Assessed value of $588,848 appears below market.

About the property

Cul-de-Sac 5BR Home Backing to Protected Woods Near Falls Lake

There is a quiet privacy to this Freshwater Court address you notice first: the house sits at the end of a cul-de-sac and its backyard steps directly onto Corps-protected woodland, offering long views of mature trees, a seasonal creek and the kind of solitude rare inside Wake Forest. Outdoors a built-in fire pit creates an intimate gathering spot; beyond that the property essentially disappears into the green buffer that leads toward Falls Lake and the Neuse River Trail — both less than a half mile away.

Inside, the home’s transitional architecture is both modern and comfortably familiar. Hardwood runs across the main level and anchors an open living area with a fireplace and oversized windows framing the wooded outlook. The kitchen and adjoining casual dining area are sized for family meals and weekend entertaining; high-quality finishes and thoughtful storage speak to a 2019 build completed with contemporary materials and attention to detail. Upstairs, generous bedroom suites provide private retreats for family members or guests.

What sets this house apart for many buyers is the finished basement: a full secondary living area with its own kitchen, bedroom, full bath and laundry — configured and permitted as a self-contained suite ideal for in-law living, long-term guests, or a revenue-producing rental. With 3,555 square feet across three stories, the floorplan supports multi-generational households while maintaining distinct private zones.

Practical systems and construction choices matter here: fiber-cement siding, shingle roof, central HVAC and a two-car attached garage add to the low-maintenance appeal. The home shows in excellent condition and is set on a gently sloping 0.25-acre lot that balances outdoor usability with the sense of being tucked into protected land. For buyers who value active outdoor living, the proximity to Falls Lake for boating and the Neuse River Trail for running and cycling turns everyday weekends into easy escapes.

Listed at $699,000, 1401 Freshwater Ct is tailored to families, downsizers who want space for visiting relatives, and investors seeking a home with in-place accessory living. Schedule a tour to experience the quiet backyard and the flexibility that a finished lower-level suite provides — this house pairs modern construction with a rare, private setting minutes from Wake Forest amenities.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$650,000
Property address1401 Brewer Jackson Ct, Wake Forest, NC 27587
4 bed2.5 bath3,158 sq ftBuilt 20010.5 mi14,374 sq ft lot$206/SF
Sold Aug 11, 2025
Subject difference
  • 397 SF smaller
  • 1 fewer bedroom
  • 3.5 fewer bathrooms
  • 3,484 SF larger lot
  • 18 years older
Research comparison noteSimilar size and location, older construction, fewer bathrooms
02Sold price$620,000
Property address1401 Endgame Ct, Wake Forest, NC 27587
4 bed2.5 bath3,295 sq ftBuilt 20150.6 mi10,454 sq ft lot$188/SF
Sold Jan 8, 2026
Subject difference
  • 260 SF smaller
  • 1 fewer bedroom
  • 3.5 fewer bathrooms
  • Similar lot size
  • 4 years older
Research comparison noteNewer construction, slightly smaller, fewer bathrooms
03Sold price$440,000
Property address1401 Recapture Ct, Wake Forest, NC 27587
5 bed5 bath3,300 sq ftBuilt 20090.7 mi13,068 sq ft lot$133/SF
Sold Feb 28, 2020
Subject difference
  • 255 SF smaller
  • 1 fewer bathroom
  • 2,178 SF larger lot
  • 10 years older
Research comparison noteOlder construction, similar size, more bathrooms
Comp methodology: Focused on similar-sized homes within 0.7 miles in Wake Forest sold or rented in the last 12 months for maximum relevance
Property details

A 2019 transitional on 0.25 acres.

Building

Year built2019
ConstructionFiber Cement And Concrete
RoofShingle
Heatingforced air
Coolingcentral AC

Site & utilities

Lot size0.25 acres
Garage2-car attached
Stories3
ConditionExcellent
BasementFinished
FireplaceYes
Improvement notes5 bedrooms, 4 full bathrooms, 2 half bathrooms, hardwood floors on main level, finished basement with kitchen and laundry, large windows with wooded views
Lot area10,890 sq ft
TopographyGently Sloping
FrontageLocated at the end of a cul-de-sac
ParkingAttached Garage And Driveway
Parking spaces4
Parking notes2-car attached garage plus driveway parking
AccessStandard residential driveway from Freshwater Ct
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

The Falls

Researched nearby locations

Falls Lake (0.2 mi)
Neuse River Trail (0.3 mi)
Wakefield Commons Shopping Center (2 mi)
WakeMed North Hospital (5 mi)

Location

1401 Freshwater Ct, Wake Forest, NC 27587

View in Google Maps
Editorial neighborhood context

The Falls is a quietly established Wake Forest neighborhood prized for wooded lots and easy access to Falls Lake recreation. Residents enjoy short drives to Wakefield Commons for shopping and dining, while outdoor enthusiasts value the close Neuse River Trail and boat ramps into Falls Lake. Schools are part of Wake County Public Schools; middle and high schools nearby have strong reputations. The area skews family-oriented, with convenient medical centers and commuter access to Raleigh-Cary MSA employment hubs.

Nearby access summary

Exceptional access to outdoor recreation: Falls Lake and the Neuse River Trail are within a half mile, with miles of boating, fishing, hiking and biking options nearby and local greenways for daily activity.

ElementaryBrassfield Elementary (3/10)
Middle schoolWakefield Middle (8/10)
High schoolWakefield High (8/10)
School districtWake County Public School System
Market context

A factual market snapshot around 1401 Freshwater Ct.

Median sale price$650,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Wake Forest’s single-family market is currently best described as lightly supply-constrained: inventory sits near 2.5 months and median area sale price is roughly $650,000. Average days on market in the corridor are about 30 days, indicating homes in desirable pockets still move quickly when properly priced. One-year appreciation is modest (~5%), while a five-year view shows stronger cumulative gains (~25%).

For this property type — newer, detached single-family homes with multi-generational layouts and acreage adjacency — demand remains robust. Listings that offer finished accessory suites and private lots (like 1401 Freshwater Ct) typically attract both owner-occupant buyers and investors looking for rental upside; lease comps and rental estimates suggest monthly rent potential in the $3,500–3,850 range, supporting gross yields near 6% in current conditions.

This is a favorable moment to consider purchase: low inventory gives sellers leverage, but steady appreciation and fast turnover mean a competitively priced, well-presented home can still sell within a month. Buyers should be prepared with pre-approval and expect modest negotiation room; sellers should capitalize on the limited supply and highlight the finished basement, protected backyard, and lake-adjacent access in marketing materials.

Zoning & land use

Residential District

Zoning

Zoning codeR-4
DescriptionResidential District
JurisdictionTown of Wake Forest
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 30', side 10', rear 25'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$60,000
Assessed improvements$528,848
Total assessed$588,848
Assessment year2025
Annual property tax$5,155
Tax year2025

Sale history

2014-02-26$20,000 · $5.63/SF
2012-11-13$17,000
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$3,845/mo
Property address1401 Freshwater Ct, Wake Forest, NC 27587
5 bed6 bath3,555 sq ft$1.08/SF
Leased Jul 14, 2025
Subject difference
  • Same living area
Research comparison noteSame property, previous rental listing
02Monthly rent$3,500/mo
Property address1401 Brewer Jackson Ct, Wake Forest, NC 27587
4 bed2.5 bath3,158 sq ft$1.11/SF
Leased Aug 11, 2025
Subject difference
  • 397 SF smaller
  • 1 fewer bedroom
  • 3.5 fewer bathrooms
Research comparison noteSimilar size and location, fewer bedrooms and bathrooms
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Assessed value of $588,848 appears below market value
  • Located in The Falls neighborhood, known for its serene environment
  • Wakefield Middle and High schools rated 8/10
  • Median sale price in area is $650,000 with average days on market of 30

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify basement permits and code compliance
  • Review HOA covenants and restrictions
  • Professional home inspection
  • Roof condition assessment
Highlights & features

What stands out about this property.

Interior Features

  • 5 bedrooms, 6 bathrooms (4 full, 2 half)
  • 3,555 sqft across three finished levels
  • Finished basement with separate kitchen, bedroom, full bath, and laundry
  • Hardwood floors on main level
  • Fireplace in main living area
  • Large windows with wooded views
  • Central HVAC and forced air heating

Exterior & Lot

  • 0.25-acre lot at end of cul-de-sac
  • Backs to Corps-protected woodland and creek
  • Outdoor fire pit and established landscaping
  • Fiber-cement exterior and shingle roof
  • 2-car attached garage plus driveway parking
  • Gently sloping topography for yard usability

Location & Neighborhood

  • The Falls neighborhood — serene, residential setting
  • Falls Lake (0.2 mi) and Neuse River Trail (0.3 mi)
  • Wakefield Middle and Wakefield High (both rated 8/10)
  • Wakefield Commons shopping ~2 miles
  • WakeMed North within ~5 miles

Walkability & Recreation

  • Walkability Rating: 35/100 — Car-Dependent (daily errands require a car)
  • Proximity to Falls Lake and Neuse River Trail for boating and miles of trails
  • Hiking and biking trails within 0.5 miles
  • Running/walking paths on nearby greenways
  • Community recreation and neighborhood open space
  • Golf courses and larger parks within a short drive
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Zillow property listing for 1401 Freshwater CtView source
2
Raleigh Realty listing for 1401 Freshwater CtView source
3
Compass listing for 1401 Freshwater CtView source
4
Homes.com property details for 1401 Freshwater CtView source
5
Realtor.com listing for 1401 Brewer Jackson CtView source
6
Realtor.com listing for 1401 Endgame CtView source
7
Zillow property listing for 1401 Recapture CtView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.