1316 Formal Garden Way Raleigh, NC 27603
Renaissance Park NeighborhoodEstimated Value: $479,428 - $564,000
3
Beds
2.5
Baths
1,942
Sq Ft
$263/Sq Ft
Est. Value
Highlights
- Clubhouse
- Wood Flooring
- Community Pool
- Traditional Architecture
- 1 Fireplace
- Tennis Courts
About This Home
As of September 2021This Raleigh two-story home offers granite countertops, and a two-car garage. This home has been virtually staged to illustrate its potential.
Last Agent to Sell the Property
Verria Hairston
Opendoor Brokerage LLC License #309654 Listed on: 06/08/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,927
Year Built
- Built in 2010
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 38x110
HOA Fees
- $81 Monthly HOA Fees
Parking
- 2 Car Detached Garage
Home Design
- Traditional Architecture
- Masonite
Interior Spaces
- 1,942 Sq Ft Home
- 2-Story Property
- 1 Fireplace
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Schools
- Smith Elementary School
- North Garner Middle School
- Garner High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
Overview
- Ppm, Inc. Association
- Renaissance Park Subdivision
Amenities
- Clubhouse
Recreation
- Tennis Courts
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2021
Closed on
Sep 7, 2021
Sold by
Opendoor Property Trust I
Bought by
Brandon Charles and Brandon Charla
Seller's Agent
Verria Hairston
Opendoor Brokerage LLC
Buyer's Agent
Kathleen Carlton
Keller Williams Legacy
List Price
$415,000
Sold Price
$395,000
Premium/Discount to List
-$20,000
-4.82%
Total Days on Market
59
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,107
Avg. Annual Appreciation
6.16%
Original Mortgage
$383,150
Outstanding Balance
$351,946
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$142,589
Purchase Details
Closed on
May 17, 2021
Sold by
Pearson Richard Fletcher and Pearson Sandra Westbrook
Bought by
Opendoor Property Trust I
Purchase Details
Closed on
May 27, 2016
Sold by
Heath Douglas Bowen and Heath Mcagan Carol
Bought by
Avedet Sara P and Pearson Richard F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,100
Interest Rate
3.58%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 18, 2010
Sold by
Winstar Homes Inc
Bought by
Heath Douglas Bowen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,420
Interest Rate
4.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 18, 2010
Sold by
Amelia Park L L C
Bought by
Winstar Homes At Renaissance Park Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,777
Interest Rate
5.02%
Mortgage Type
Commercial
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brandon Charles | $395,000 | None Available | |
| Opendoor Property Trust I | $385,500 | None Available | |
| Avedet Sara P | $284,000 | Tryon Title Agency Llc | |
| Heath Douglas Bowen | $249,500 | None Available | |
| Winstar Homes Inc | -- | None Available | |
| Winstar Homes At Renaissance Park Llc | $121,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brandon Charles | $383,150 | |
| Previous Owner | Avedet Sara P | $253,100 | |
| Previous Owner | Winstar Homes Inc | $249,420 | |
| Previous Owner | Vinstar Homes At Renaissance Park Llc | $61,777 | |
| Previous Owner | Winstar Homes At Renaissance Park Llc | $61,777 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Off Market | $395,000 | -- | -- |
| 09/07/2021 09/07/21 | Sold | $395,000 | -4.8% | $203 / Sq Ft |
| 08/06/2021 08/06/21 | Pending | -- | -- | -- |
| 06/08/2021 06/08/21 | For Sale | $415,000 | -- | $214 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $4,006 | $458,904 | $110,000 | $348,904 |
| 2023 | $3,338 | $304,416 | $65,000 | $239,416 |
| 2022 | $3,102 | $304,416 | $65,000 | $239,416 |
| 2021 | $2,982 | $304,416 | $65,000 | $239,416 |
| 2020 | $2,928 | $304,416 | $65,000 | $239,416 |
| 2019 | $2,830 | $242,436 | $60,000 | $182,436 |
| 2018 | $2,669 | $242,436 | $60,000 | $182,436 |
| 2017 | $2,542 | $242,436 | $60,000 | $182,436 |
| 2016 | $2,490 | $242,436 | $60,000 | $182,436 |
| 2015 | $2,677 | $256,609 | $60,000 | $196,609 |
| 2014 | $2,539 | $256,609 | $60,000 | $196,609 |
Source: Public Records
Agents Affiliated with this Home
-
V
Seller's Agent in 2021
Verria Hairston
Opendoor Brokerage LLC
-
Kathleen Carlton
Buyer's Agent in 2021
Kathleen Carlton
Keller Williams Legacy
(919) 623-8624
4 in this area
326 Total Sales
Map
Source: Doorify MLS
MLS Number: 2388523
APN: 1702.13-13-1737-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
Nearby Homes
- 1304 Revolution Cir
- 1328 Palace Garden Way
- 1322 Regulator St
- 412 Stone Flower Ln
- 1120 Renewal Place Unit 111
- 1108 Renewal Place
- 704 Moonbeam Dr
- 886 Cupola Dr
- 1109 Renewal Place
- 1621 Bruce Cir
- 613 Peach Rd
- 714 Cupola Dr
- 1625 Bruce Cir
- 2824 Wyncote Dr
- 500 E Tryon Rd
- 1020 Harper Rd
- 1024 Harper Rd
- 1032 Harper Rd
- 1036 Harper Rd
- 2626 Crestline Ave
- 1316 Formal Garden Way
- 1320 Formal Garden Way
- 1312 Formal Garden Way
- 1308 Formal Garden Way
- 1317 Formal Garden Way
- 1315 Formal Garden Way
- 1321 Formal Garden Way
- 1309 Formal Garden Way
- 1304 Formal Garden Way
- 1325 Formal Garden Way
- 1307 Formal Garden Way
- 811 Chapanoke Rd
- 800 Historian St
- 804 Historian St
- 808 Historian St
- 812 Historian St
- 1329 Formal Garden Way
- 1305 Formal Garden Way
- 813 Chapanoke Rd
- 1300 Formal Garden Way