NOT LISTED FOR SALE

118 Palace Green Cary, NC 27518

Lochmere Neighborhood

Estimated Value: $557,000 - $587,000

3 Beds
2.5 Baths
1,815 Sq Ft
$314/Sq Ft Est. Value

Last Sold June 07, 2023

Last sale price $530,000 $292 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,510/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Corner Lot
  • Deck
  • Sun or Florida Room
  • High Ceiling

About This Home

As of June 2023

Rare Ranch Home in the Desirable Williamsburg Commons subdivision! New cedar roof (2020), True Heart Pine floors, Extensive Crown Moldings/Chair Rail & Plantation Shutters! Open dining room/living room combo is perfect for entertaining! Large FF Owner’s suite features 2 closets, dual sinks, & Jacuzzi tub w/sep walk in shower. 3 Season Porch ideal to watch the birds or enjoy the peaceful brick courtyard. Lots of storage space above the garage. Easy access to great walking, biking trails, & Hemlock Bluffs!

Last Agent to Sell the Property

William Buffaloe

EXP Realty LLC License #279136 Listed on: 05/03/2023

EXP Realty LLC

Last Buyer's Agent

Linda Trevor

Compass -- Cary License #190844

Compass -- Cary

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,275

Year Built

  • Built in 1988

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Landscaped with Trees
  • Garden

HOA Fees

  • $134 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Ranch Style House
  • Williamsburg Architecture
  • Masonite

Interior Spaces

  • 1,815 Sq Ft Home
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Entrance Foyer
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Sun or Florida Room
  • Screened Porch
  • Utility Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Shower Only in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Association fees include ground maintenance, road maintenance
  • Williamsburg Commons Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,275

Year Built

Built in 1988

Lot Details

0

HOA Fees

$134 per month

Parking

1

Listing Details

  • Year Built: 1988
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Road Maintenance
  • Subdivision Name: Williamsburg Commons
  • Above Grade Finished Sq Ft: 1815.0
  • Architectural Style: Colonial, Ranch, Williamsburg
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 300.0
  • General Property Information Total Unfinished Area2: 300.0
  • General Property Information Lot Size Dimensions: See GIS
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Shower Only: Yes
  • Utilities Cable Available: Yes
  • Room Types Sunroom: Yes
  • Architectural Style Colonial: Yes
  • Heating Gas Pack2: Yes
  • Architectural Style Williamsburg: Yes
  • General Property Information Above Grade Finished Area: 1815.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 6534.0
  • General Property Information Lot Size Acres: 0.15
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Ceilings, Primary Downstairs, Quartz Counters, Separate Shower, Shower Only, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
  • Basement: Crawl Space
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Living Room: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Fenced Yard, Rain Gutters
  • Acres: 0.15
  • Construction Type: Masonite
  • Patio And Porch Features: Covered, Deck, Patio, Porch, Screened
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck2: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Lot Features:Garden2: Yes
  • Construction Materials:Masonite: Yes
  • Lot Features:Corner Lot: Yes
  • Window Features:Skylight(s): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage, Garage Door Opener
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • General Property Information:Garage Spaces: 1.0

Utilities

  • Utilities: Cable Available
  • Heating: Forced Air, Gas Pack, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 403.03
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Maintenance Grounds2: Yes
  • General Property Information:Association Fee: 403.03
  • General Property Information:Association Fee Frequency: Quarterly

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Dimensions: See GIS
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3275.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Jun 5, 2023
Sold by
Atkinson Siephen S and Atkinson Joan B
Bought by
Mckinney Carol G
Seller's Agent
William Buffaloe
EXP Realty LLC
Buyer's Agent
Linda Trevor
Compass -- Cary
List Price
$500,000
Sold Price
$530,000
Premium/Discount to List
$30,000
6%
Views
25
Current Estimated Value
$569,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,476
Avg. Annual Appreciation
3.06%

Purchase Details

Closed on
Sep 28, 2017
Sold by
James Steven Wolverton
Bought by
Edwards Clara and Wolverton James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
3.83%

Purchase Details

Closed on
Aug 10, 2017
Sold by
Wolverton James Steven and Edwards Clara Baisey
Bought by
Atkinson Stephen S and Atkinson Joan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
3.83%

Purchase Details

Closed on
Aug 23, 2016
Sold by
Kovacik Thomas A and Kovacik Bonnie H
Bought by
Wolverton James Steven and Edwards Clara Baisey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 1998
Sold by
Albertini James A and Albertini Kelly
Bought by
Kovacik Thomas A and Kovacik Bonnie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,050
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 1997
Sold by
Cott Craig John
Bought by
Albertini James M and Albertini Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,300
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mckinney Carol G $530,000 None Listed On Document
Edwards Clara -- --
Atkinson Stephen S $300,000 None Available
Wolverton James Steven $288,000 None Available
Kovacik Thomas A $184,500 --
Albertini James M $174,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edwards Clara $113,600
Previous Owner Edwards Clara --
Previous Owner Wolverton James Steven $216,000
Previous Owner Kovacik Thomas A $166,050
Previous Owner Albertini James M $165,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $530,000 -- --
06/07/2023 06/07/23 Sold $530,000 +6.0% $292 / Sq Ft
05/12/2023 05/12/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $500,000 -- $275 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $520,756 $180,000 $340,756
2024 $4,387 $520,756 $180,000 $340,756
2023 $3,406 $337,919 $76,000 $261,919
2022 $3,275 $337,481 $76,000 $261,481
2021 $3,209 $337,481 $76,000 $261,481
2020 $3,226 $337,481 $76,000 $261,481
2019 $3,200 $297,041 $76,000 $221,041
2018 $3,003 $297,041 $76,000 $221,041
2017 $2,886 $297,041 $76,000 $221,041
2016 -- $297,041 $76,000 $221,041
2015 $2,565 $258,535 $56,000 $202,535
2014 $2,419 $258,535 $56,000 $202,535
Source: Public Records

Agents Affiliated with this Home

  • William Buffaloe

    Seller's Agent in 2023

    William Buffaloe

    EXP Realty LLC

    (919) 438-9739

    5 in this area

    72 Total Sales

    William Buffaloe
    Section Image
  • Linda Trevor

    Buyer's Agent in 2023

    Linda Trevor

    Compass -- Cary

    (919) 730-7746

    10 in this area

    982 Total Sales

    Linda Trevor
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2508489

Doorify MLS

APN: 0761.07-59-3382-000

North Carolina Wake County Cary 27518 Lochmere

118 Palace Green, Cary, NC

This home is located at 118 Palace Green, Cary, NC 27518 since 03 May 2023 and is currently estimated at $569,476, approximately $313 per square foot. This property was built in 1988. 118 Palace Green is a home located in Wake County with nearby schools including Dillard Drive Magnet Elementary School, Dillard Drive Magnet Middle School, and TMSA Triangle - Triangle Math and Science Academy.

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