1320 Formal Garden Way Raleigh, NC 27603
Renaissance Park NeighborhoodEstimated Value: $545,000 - $598,000
3
Beds
3
Baths
2,180
Sq Ft
$259/Sq Ft
Est. Value
Highlights
- Clubhouse
- Wood Flooring
- Granite Countertops
- Charleston Architecture
- Loft
- Community Pool
About This Home
As of March 2023Renaissance Park Beauty! This Charleston Style Home features 3 bedrooms, 3 full baths, open kitchen, fenced in backyard with hardscaping, built in grill with permanent gas line and its mini refrigerator. New roof in 2020! Detached two car garage with insulated walls and prepped to be a playroom or an office. Plantation shutters throughout carry the southern charm! Hardwoods beam in the natural light! Grow your own vegetables in the existing garden space! Directly behind the house is an open green space the community maintains for you to enjoy! Home sits on a corner lot! Community includes a pool, gym, lighted tennis, sand volleyball, two playgrounds and clubhouse. The home is located within 2.5 miles from downtown Raleigh!
Last Agent to Sell the Property
Erin Wheeler
Insight Real Estate License #327868 Listed on: 02/03/2023
Last Buyer's Agent
Erie Fullam
DASH Carolina License #318006
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,437
Year Built
- Built in 2010
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 46 x 60 x 35 x 24 x 34 x 110
HOA Fees
- $82 Monthly HOA Fees
Parking
- 2 Car Garage
- Front Facing Garage
Home Design
- Charleston Architecture
Interior Spaces
- 2,180 Sq Ft Home
- 1.5-Story Property
- Tray Ceiling
- Smooth Ceilings
- Ceiling Fan
- Blinds
- Family Room with Fireplace
- Home Office
- Loft
- Laundry on main level
Kitchen
- Built-In Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Soaking Tub
- Walk-in Shower
Outdoor Features
- Covered patio or porch
Schools
- Wake County Schools Elementary And Middle School
- Wake County Schools High School
Utilities
- Zoned Heating and Cooling
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
Overview
- Renaissance Park Subdivision
Amenities
- Clubhouse
Recreation
- Tennis Courts
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 3, 2023
Closed on
Mar 21, 2023
Sold by
Joshi Ankit and Joshi Patrizia
Bought by
Ali Irfan
Seller's Agent
Erin Wheeler
Insight Real Estate
Buyer's Agent
Erie Fullam
DASH Carolina
List Price
$535,000
Sold Price
$525,000
Premium/Discount to List
-$10,000
-1.87%
Total Days on Market
21
Views
82
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
$40,584
Avg. Annual Appreciation
3.43%
Original Mortgage
$475,000
Outstanding Balance
$463,234
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$102,350
Purchase Details
Closed on
Sep 28, 2018
Sold by
Phillips Katie and Phillips Stephen
Bought by
Joshi Ankit
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,200
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 22, 2010
Sold by
Winstar Homes Inc
Bought by
Simpler Katie and Phillips Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,835
Interest Rate
4.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 15, 2009
Sold by
Amelia Park Llc
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
$62,164
Interest Rate
4.75%
Mortgage Type
Commercial
Similar Homes in Raleigh, NC
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 |
|---|---|---|---|
| Ali Irfan | $525,000 | -- | |
| Joshi Ankit | $335,000 | None Available | |
| Simpler Katie | $264,000 | None Available | |
| Winstar Homes Inc | -- | None Available | |
| Winstar Homes At Renaissance Park Llc | $120,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ali Irfan | $475,000 | |
| Previous Owner | Joshi Ankit | $263,200 | |
| Previous Owner | Phillips Katie Simpler | $237,000 | |
| Previous Owner | Winstar Homes Inc | $263,835 | |
| Previous Owner | Winstar Homes At Renaissance Park Llc | $62,164 | |
| Previous Owner | Winstar Homes At Renaissance Park Llc | $62,164 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Off Market | $525,000 | -- | -- |
| 03/27/2023 03/27/23 | Sold | $525,000 | -1.9% | $241 / Sq Ft |
| 02/24/2023 02/24/23 | Pending | -- | -- | -- |
| 02/03/2023 02/03/23 | For Sale | $535,000 | -- | $245 / 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 | $4,491 | $514,743 | $110,000 | $404,743 |
| 2023 | $3,699 | $337,483 | $65,000 | $272,483 |
| 2022 | $3,437 | $337,483 | $65,000 | $272,483 |
| 2021 | $3,304 | $337,483 | $65,000 | $272,483 |
| 2020 | $3,244 | $337,483 | $65,000 | $272,483 |
| 2019 | $3,113 | $266,922 | $60,000 | $206,922 |
| 2018 | $2,936 | $266,922 | $60,000 | $206,922 |
| 2017 | $2,797 | $266,922 | $60,000 | $206,922 |
| 2016 | $2,739 | $266,922 | $60,000 | $206,922 |
| 2015 | $2,940 | $268,141 | $60,000 | $208,141 |
| 2014 | $2,653 | $268,141 | $60,000 | $208,141 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2023
Erin Wheeler
Insight Real Estate
(919) 559-8219
1 in this area
6 Total Sales
-
Buyer's Agent in 2023
Erie Fullam
DASH Carolina
(919) 746-2691
1 in this area
26 Total Sales
Map
Source: Doorify MLS
MLS Number: 2493469
APN: 1702.13-13-1704-000
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