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CondominiumResidential

1500 RIVER MILL DR

WAKE FOREST, NC 27587
0.28 ac
Lot SizeThe size of the land the home sits on, from county records.
1984
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 18544 floors35 units611–1,377 ft²
$6.5M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$294K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$317
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+45.5%vs the Wake Forest ZIP median sale $/ft² ($218)

Sales Performance

$365K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+26.8%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
5.7%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+5.6%per yeartypical hold 4.7 yrsfrom 31 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20012004200720122015201920222025
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20012004200720122015201920222025

57 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$177K$266K$356K$445K611 ft²764 ft²917 ft²1,071 ft²1,224 ft²1,377 ft²
Studio
Studio
35 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
Studio · 1 ba · 715 ft²
6 units
Studio · 3 ba · 1,020 ft²
5 units
Studio · 2 ba · 1,036 ft²
5 units
Studio · 2 ba · 1,323 ft²
4 units
Studio · 1 ba · 611 ft²
3 units
Studio · 1 ba · 672 ft²
3 units
Studio · 2 ba · 885 ft²
3 units
Studio · 2 ba · 935 ft²
3 units
Studio · 2 ba · 1,377 ft²
2 units
One-off layouts
1 unit

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$177K–$210K
2 units
$241K–$241K
4 units
$246K–$260K
2 units
$280K–$297K
4 units
$320K–$339K
6 units
$367K–$373K
2 units
$389K–$389K
1 unit
$445K–$445K
1 unit

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 1
$337/ft²
Floor 2
$366/ft²
Floor 3
$355/ft²
Floor 4
$175/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.89%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.17%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.7.4 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.60%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.32%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$298,947
Median tax billThe middle annual property tax bill among the building's units.$1,027
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 111Oct 17, 2025$289,000Unit 310Sep 8, 2025$440,000Unit 204Dec 20, 2024$287,500Unit 113Aug 2, 2024$325,000Unit 101Dec 12, 2023$282,000Unit 110Dec 8, 2023$325,000Unit 304Oct 5, 2023$300,000Unit 110Jan 27, 2023$185,000Unit 112Apr 22, 2022$311,000Unit 301Oct 29, 2021$251,500

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.31
95
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
16
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.83 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyWAKE
Lot (acres)The size of the land the home sits on, from county records.0.28
HeatingThe type of heating system in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Wakefield Middle SchoolA
Middle · Grades 6–8 · 0.6 mi
H
Wakefield High SchoolA-
High · Grades 9–12 · 0.6 mi
E
Wakefield Elementary SchoolC+
Elementary · Grades PK–5 · 0.7 mi

District: Wake County Schools

Neighborhood · ZIP 27587These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.64
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.77
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.39

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.35%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.6%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.91,264
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.814 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$123,637
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$143,750
Average tempThe average temperature here across a full year.60°F
Annual precipHow much rain and melted snow falls here in a typical year.47 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

1500 River Mill Dr
2.5 ba · 715 ft²
$384K
1500 River Mill Dr Apt 101
1 ba · 611 ft²
$280K
1500 River Mill Dr Apt 102
2 ba · 935 ft²
1500 River Mill Dr Apt 103
2 ba · 1,036 ft²
1500 River Mill Dr Apt 104
1 ba · 715 ft²
$271K
1500 River Mill Dr Apt 105
1 ba · 715 ft²
1500 River Mill Dr Apt 106
2 ba · 1,036 ft²
$327K
1500 River Mill Dr Apt 107
1 ba · 672 ft²
$289K
1500 River Mill Dr Apt 108
2 ba · 885 ft²
$241K
1500 River Mill Dr Apt 109
3 ba · 1,020 ft²
$260K
1500 River Mill Dr # 110
3 ba · 1,020 ft²
$325K
1500 River Mill Dr # 111
3 ba · 1,020 ft²
$292K
1500 River Mill Dr # 112
3 ba · 1,020 ft²
$367K
1500 River Mill Dr Apt 113
3 ba · 1,020 ft²
$336K
1500 River Mill Dr Apt 201
1 ba · 611 ft²
$177K
1500 River Mill Dr Apt 202
2 ba · 935 ft²
$368K
1500 River Mill Dr Apt 203
2 ba · 1,036 ft²
1500 River Mill Dr Apt 204
1 ba · 715 ft²
$297K
1500 River Mill Dr Apt 205
1 ba · 715 ft²
$304K
1500 River Mill Dr Apt 206
2 ba · 1,036 ft²
1500 River Mill Dr Apt 207
1 ba · 672 ft²
$248K
1500 River Mill Dr Apt 208
2 ba · 885 ft²
1500 River Mill Dr Apt 301
1 ba · 611 ft²
$312K
1500 River Mill Dr Apt 302
2 ba · 935 ft²
$241K
1500 River Mill Dr Apt 303
2 ba · 964 ft²
$246K
1500 River Mill Dr Apt 304
1 ba · 715 ft²
$320K
1500 River Mill Dr # 305
1 ba · 715 ft²
1500 River Mill Dr Apt 306
2 ba · 1,036 ft²
$389K
1500 River Mill Dr Apt 307
1 ba · 672 ft²
1500 River Mill Dr Apt 308
2 ba · 885 ft²
1500 River Mill Dr Apt 309
2 ba · 1,323 ft²
1500 River Mill Dr Apt 310
2 ba · 1,323 ft²
$445K
1500 River Mill Dr Apt 311
2 ba · 1,323 ft²
$346K
1500 River Mill Dr # 312
2 ba · 1,323 ft²
1500 River Mill Dr Apt 401
2 ba · 1,377 ft²
$241K
1500 River Mill Dr Apt 402
2 ba · 1,377 ft²
$241K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 1500 River Mill Dr

How many units are in 1500 River Mill Dr, Wake Forest, NC?

1500 River Mill Dr, Wake Forest, NC has 35 residential units across 4 floors, built in 1854, according to county assessor records.

What is a unit at 1500 River Mill Dr, Wake Forest, NC worth?

The median TopHap Estimate across the 35 units at 1500 River Mill Dr, Wake Forest, NC is $294,273. That works out to $317 per square foot. Units run from 611 to 1,377 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 1500 River Mill Dr, Wake Forest, NC expensive for Wake Forest?

Units at 1500 River Mill Dr, Wake Forest, NC carry a median of $317 per square foot, 46% above the Wake Forest median of $218 per square foot.

How often do units sell at 1500 River Mill Dr, Wake Forest, NC?

2 units at 1500 River Mill Dr, Wake Forest, NC sold in the last 12 months, out of 57 recorded arms-length sales all time. That is a turnover rate of 5.7% of the building per year. The median sale over that period was $365K.

Have units at 1500 River Mill Dr, Wake Forest, NC appreciated?

Across 31 repeat sales of the same unit, 1500 River Mill Dr, Wake Forest, NC returned a median 5.6% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 4.7 years.

What floor plans does 1500 River Mill Dr, Wake Forest, NC have?

The most common plan at 1500 River Mill Dr, Wake Forest, NC is a 0-bedroom of 715 square feet, repeated 6 times, with a median estimate of $320,100. TopHap identifies 9 recurring plans in the building.

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Assigned schools

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