NOT LISTED FOR SALE

1316 Marbank St Wake Forest, NC 27587

Estimated Value: $441,000 - $477,000

4 Beds
2.5 Baths
3,087 Sq Ft
$150/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $392,000 $127 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,846/month

5 Days on Market

Highlights

  • Clubhouse
  • Wood Flooring
  • Community Pool
  • Transitional Architecture
  • Loft
  • Breakfast Room

About This Home

As of June 2021

Gorgeous! Spacious! Updated! Beautifully landscaped! Huge dining area that leads to a spacious family room with fireplace, open to an updated kitchen with granite counters and custom cabinets. The kitchen has an eat in area that looks out to a wisteria covered pergola and beautifully landscaped backyard. Upstairs the bedrooms are newly carpeted and oversized with plenty of walk in closet space. A roomy loft area makes for a great second living area or flex space. Minutes from DT Wake Forest & Joyner!

Last Agent to Sell the Property

Carolina Life & Realty, LLC

Carolina Life & Homes Realty L License #303832 Listed on: 05/10/2021

Last Buyer's Agent

Non Member

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,462

Year Built

  • Built in 2005

Lot Details

  • 6,970 Sq Ft Lot
  • Landscaped

HOA Fees

  • $44 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Transitional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 3,087 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Dining Room
  • Loft
  • Utility Room
  • Laundry on main level
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Youngsville Elementary School
  • Cedar Creek Middle School
  • Franklinton High School

Utilities

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

Community Details

Overview

  • Richland Hills Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,462

Year Built

Built in 2005

Lot Details

0

HOA Fees

$44 per month

Parking

2

Listing Details

  • Year Built: 2005
  • Prop. Type: Residential
  • Co List Office Mls Id: 75836
  • Subdivision Name: Richland Hills
  • Above Grade Finished Sq Ft: 3087.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Laundry Features Main Level: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: 2
  • Room Types Loft: Yes
  • Room Types Utility Room: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • General Property Information Above Grade Finished Area: 3087.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 6969.6
  • General Property Information Lot Size Acres: 0.16
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Eat-in Kitchen
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Total Bedrooms: 8
  • Fireplace Features:Family Room: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.16
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Lot Features:Landscaped: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

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

Utilities

  • Heating: Forced Air, 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: 531.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Association Amenities:Pool: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association Fee: 531.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Ninth Grade High School: Franklin - Franklinton
  • Middle Or Junior School: Franklin - Cedar Creek

Lot Info

  • Lot Dimensions: see plat
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3462.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Franklin - Youngsville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2021
Closed on
Jun 11, 2021
Sold by
Napolitano Mario and Napolitano Meredith Lynn
Bought by
Schlotthauer Michael and Schlotthauer Gina
Seller's Agent
Carolina Life & Realty, LLC
Carolina Life & Homes Realty L
Buyer's Agent
Non Member
Non Member Office
List Price
$400,000
Sold Price
$392,000
Premium/Discount to List
-$8,000
-2%
Current Estimated Value
$462,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,579
Avg. Annual Appreciation
4.22%
Original Mortgage
$352,800
Outstanding Balance
$320,804
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$145,438

Purchase Details

Closed on
Jul 23, 2015
Sold by
Shearer Kathryn
Bought by
Napolitano Mario and Napolitano Meredith Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,204
Interest Rate
4.08%
Mortgage Type
New Conventional
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
Schlotthauer Michael $392,000 None Available
Napolitano Mario $195,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schlotthauer Michael $352,800
Previous Owner Napolitano Mario $200,204
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $392,000 -- --
06/11/2021 06/11/21 Sold $392,000 -2.0% $127 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $400,000 -- $130 / 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 $4,165 $425,260 $115,000 $310,260
2023 $3,447 $258,650 $42,000 $216,650
2022 $3,411 $258,650 $42,000 $216,650
2021 $3,437 $258,650 $42,000 $216,650
2020 $3,446 $258,650 $42,000 $216,650
2019 $3,500 $258,650 $42,000 $216,650
2018 $3,495 $258,650 $42,000 $216,650
2017 $3,057 $211,450 $42,000 $169,450
2016 $3,135 $211,450 $42,000 $169,450
2015 $3,135 $211,450 $42,000 $169,450
2014 $2,999 $211,450 $42,000 $169,450
Source: Public Records

Agents Affiliated with this Home

  • Carolina Life & Realty, LLC

    Seller's Agent in 2021

    Carolina Life & Realty, LLC

    Carolina Life & Homes Realty L

    (919) 263-1808

    16 in this area

    79 Total Sales

    Carolina Life & Realty, LLC
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Non Member Office

See All Agents

Map

Source: Doorify MLS

MLS Number: 2382822

Doorify MLS

APN: 036761

North Carolina Franklin County Wake Forest 27587

1316 Marbank St, Wake Forest, NC

This home is located at 1316 Marbank St, Wake Forest, NC 27587 since 10 May 2021 and is currently estimated at $462,579, approximately $149 per square foot. This property was built in 2005. 1316 Marbank St is a home located in Franklin County with nearby schools including Youngsville Elementary, Cedar Creek Middle, and Franklinton High School.

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.

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