NOT LISTED FOR SALE

1316 Formal Garden Way Raleigh, NC 27603

Renaissance Park Neighborhood

Estimated Value: $487,000 - $582,000

3 Beds
2.5 Baths
1,942 Sq Ft
$267/Sq Ft Est. Value

Last Sold September 07, 2021

Last sale price $395,000 $203 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,222/month

59 Days on Market

Highlights

  • Clubhouse
  • Wood Flooring
  • Community Pool
  • Traditional Architecture
  • 1 Fireplace
  • Tennis Courts

About This Home

As of September 2021

This 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

Last Buyer's Agent

Kathleen Carlton

Keller Williams Legacy License #287194

Keller Williams Legacy

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,927

Year Built

Built in 2010

Lot Details

0

HOA Fees

$81 per month

Parking

2

Listing Details

  • Year Built: 2010
  • Prop. Type: Residential
  • Subdivision Name: Renaissance Park
  • Above Grade Finished Sq Ft: 1942.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 400.0
  • General Property Information Total Unfinished Area2: 400.0
  • General Property Information Lot Size Dimensions: 38x110
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Architectural Style Traditional: Yes
  • Pool Features Swimming Pool ComFee: Yes
  • General Property Information Above Grade Finished Area: 1942.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 4356.0
  • General Property Information Lot Size Acres: 0.1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.1
  • Construction Type: Masonite
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Parking Features:Garage: Yes
  • Parking Features:Detached: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 243.5
  • Association Fee Frequency: Quarterly
  • Association Name: PPM, Inc.
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: PPM, Inc.
  • Association Amenities:Pool: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 243.5
  • General Property Information:Association Fee Frequency: Quarterly

Schools

  • Ninth Grade High School: Wake - Garner
  • Middle Or Junior School: Wake - North Garner

Lot Info

  • Lot Dimensions: 38x110
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2927.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Wake - Smith

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%
Current Estimated Value
$512,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,808
Avg. Annual Appreciation
7.14%
Original Mortgage
$383,150
Outstanding Balance
$349,654
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$167,895

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
Source: Public Records

Range of Values:

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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
Brandon Charles $395,000 None Available
Opendoor Property Trust I $385,500 None Available
Opendoor Property Trust $771 None Listed On Document
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

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
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

    3 in this area

    334 Total Sales

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Map

Source: Doorify MLS

MLS Number: 2388523

Doorify MLS

APN: 1702.13-13-1737-000

North Carolina Wake County Raleigh 27603 Renaissance Park

1316 Formal Garden Way, Raleigh, NC

This home is located at 1316 Formal Garden Way, Raleigh, NC 27603 since 08 June 2021 and is currently estimated at $517,549, approximately $266 per square foot. This property was built in 2010. 1316 Formal Garden Way is a home located in Wake County with nearby schools including Smith Elementary, North Garner Middle, and Garner High.

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.

Doorify MLS 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.

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