The Reserve At Falls Lake Market Report

Live Wake County Data

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Download PDF Report Price Index: 99.8 · Premium-Priced (Thin data) (+46.3% vs. comparable)

$1,693,750* Median Price

$1,704,375* Avg Price

$380* Avg $/sqft

$1,605,000 Low

$1,825,000 High

4 Sales (12mo)

83 Homesites

4.8% Annual Turnover

* Pricing excludes 0 townhome sales to reflect single-family home values. All sales are included in the sales count.

$1,420,124 Median Assessed

$9,330 Est. Annual Tax

$778 Est. Monthly Tax

$0.657 Rate per $100

83.8% Assessment-to-Sale

Land 19% — $275,000 Building 81% — $1,145,124

Wake County rate: $0.657 per $100 assessed (unincorporated)

Data source: Wake County Public Records · Generated live · Prepared by Costello Real Estate & Investments Triangle, LLC

Avg $/sqft — 12-Month Trend

Location

Recent Sales

Address	Price	Sqft	$/sqft	Year Built	Sale Date
7201 SUMMER TANAGER TRL	$1,605,000	4251	$378	2021	2026-01-01
7436 SUMMER TANAGER TRL	$1,825,000	4821	$379	2025	2025-11-16
7440 SUMMER TANAGER TRL	$1,702,500	4914	$346	2024	2025-07-23
7409 SUMMER TANAGER TRL	$1,685,000	4048	$416	2024	2025-04-27

Explore the Area

About This Neighborhood

4 public · 1 private within 5 mi Grades from NC DPI (2024)

Public Schools

School	Grades	NC Grade	Enrollment	Distance
Pleasant Union Elementary	PK-5	B	542	2.1 mi
Student:Teacher 14:1 Performance Score 84/100 Math Grade A Reading Grade B Growth Exceeded Student Demographics White 74% Black 10% Hispanic 7% Asian 4% Two+ 6% View Full NC Report Card
Brassfield Elementary	K-5	C	586	3.7 mi
Student:Teacher 13:1 Performance Score 58/100 Math Grade C Reading Grade C Growth NotMet Student Demographics White 53% Black 10% Hispanic 29% Asian 5% Two+ 3% View Full NC Report Card
Magellan Charter (Charter)	3-8	A	406	4.8 mi
Student:Teacher 13:1 Performance Score 89/100 Math Grade A Reading Grade A Growth Exceeded Student Demographics White 81% Black 3% Hispanic 4% Asian 5% Two+ 6% View Full NC Report Card
Baileywick Road Elementary	PK-5	D	351	4.8 mi
Student:Teacher 11:1 Performance Score 54/100 Math Grade C Reading Grade D Growth Met Student Demographics White 38% Black 9% Hispanic 49% Asian 1% Two+ 2% View Full NC Report Card

Private Schools

School	Distance
LITTLE LAMBS LEARNING CENTER	2.6 mi

Source: National Center for Education Statistics (NCES) · NC Dept. of Public Instruction

Population

3,419

Median Age

50.0

Median HH Income

$171,027

Per Capita Income

$82,157

Median Home Value

$694,000

Median Rent

$2,114/mo

Homeownership

91.5%

Vacancy Rate

15.8%

Bachelor's+

68.2%

Work From Home

35.7%

Mean Commute

26.4 min

Source: U.S. Census Bureau, ACS 2023 5-Year Estimates (Tract 37183053804). Data reflects the surrounding census tract, which may extend beyond this neighborhood.

Medical

CVS Pharmacy 2.8 mi

Grocery

Speedway 2.9 mi

School

Pleasant Union Elementary School 2.1 mi

This report is for informational purposes only and is not a substitute for professional real estate advice. Data reflects recent sales from Wake County public records and may contain inaccuracies. Always consult a licensed real estate professional before making buying or selling decisions. Prepared by Costello Real Estate & Investments Triangle, LLC.

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