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CondominiumResidential
$342,483$213 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $303,500 on Jun 26, 2023

1607 RIVER MILL DR

WAKE FOREST, NC 27587
2
Baths
1,605 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
436 ft²
Lot SizeThe size of the land the home sits on, from county records.
1995
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$342K
$315K low$370K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$303,500 · Jun 26, 2023
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$142,608
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$114,086
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.57%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$199,875
RCN CAPITAL LLC · recorded Aug 21, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,878 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$290,472 (2025)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$290,472
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$290,472
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$290,472

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.25
67
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
15
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.35 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
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
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

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 · 0.5 mi
H
Wakefield High SchoolA-
High · Grades 9–12 · 0.5 mi
E
Wakefield Elementary SchoolC+
Elementary · Grades PK–5 · 0.5 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%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.Yes

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

How this home compares

1607 River Mill Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 83% of homes in Wake Forest 27587
  • Smaller than 91% of homes in Wakefield Plantation
  • Among the smallest lots in Wake Forest 27587
  • Older than 96% of homes in Wakefield Plantation

What homes are worth in Wake Forest 27587

Each bar is how many homes fall in that price range. The marker is this home.

This home
$231K$1.4M

This home is worth more than 17% of homes in Wake Forest 27587.

How it measures up in Wake Forest 27587

The dot is this home. The mark in the middle is the typical home in Wake Forest 27587.

Estimated value$342,483
CheaperTypical $523,730Pricier

Pricier than 17% of homes nearby

Price per ft²$213
CheaperTypical $215Pricier

Pricier than 49% of homes nearby

Living area1,605 ft²
SmallerTypical 2,458 ft²Bigger

Bigger than 16% of homes nearby

Lot size436 ft²
SmallerTypical 0.31 acBigger

Smaller than almost all homes nearby

Year built1995
OlderTypical 2007Newer

Newer than 21% of homes nearby

How 1607 River Mill Dr ranks against every home in each area.
MeasureThis homeWakefield PlantationWake Forest 27587Wake County
Estimated valuepricier than$342,48320% of homes17% of homes24% of homes
Price per ft²pricier than$21352% of homes49% of homes37% of homes
Living areabigger than1,605 ft²9% of homes16% of homes26% of homes
Lot sizebigger than436 ft²3% of homesalmost no homesalmost no homes
Year builtnewer than19954% of homes21% of homes37% of homes

About 1607 River Mill Dr

How much is 1607 River Mill Dr, Wake Forest, NC worth?

The TopHap Estimate for 1607 River Mill Dr, Wake Forest, NC is $342,483 as of Jul 14, 2026. The likely range is $315,465 to $369,501. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1607 River Mill Dr, Wake Forest, NC last sell?

1607 River Mill Dr, Wake Forest, NC last sold on Jun 26, 2023 for $303,500, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 1607 River Mill Dr, Wake Forest, NC?

1607 River Mill Dr, Wake Forest, NC has 2 bathrooms and 1,605 square feet of living space.

When was 1607 River Mill Dr, Wake Forest, NC built?

1607 River Mill Dr, Wake Forest, NC was built in 1995, making it 31 years old. It is a condo/apartment home. The building has 2 stories.

What schools serve 1607 River Mill Dr, Wake Forest, NC?

1607 River Mill Dr, Wake Forest, NC is assigned to Wakefield Middle School (middle), rated A; Wakefield High School (high), rated A-; Wakefield Elementary School (elementary), rated C+. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1607 River Mill Dr, Wake Forest, NC compare to other homes in Wake Forest 27587?

Among the 30,757 homes in Wake Forest 27587, it is worth more than 17% of them ($342,483 against a typical $523,730), its price per square foot is higher than 49% of them ($213 against a typical $215), it is bigger than 16% of them (1,605 ft² against a typical 2,458 ft²), its lot is bigger than almost none of them (436 ft² against a typical 0.31 ac) and it is newer than 21% of them (1995 against a typical 2007). Measured against all of Wake County, it is worth more than 24% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1607 River Mill Dr, Wake Forest, NC?

The 2025 property tax bill for 1607 River Mill Dr, Wake Forest, NC was $1,878. The county assessed it at $290,472.

Closest homes

More homes in Wake Forest 27587

Assigned schools

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