NOT LISTED FOR SALE

1320 Formal Garden Way Raleigh, NC 27603

Renaissance Park Neighborhood

Estimated Value: $562,287 - $620,000

3 Beds
3 Baths
2,180 Sq Ft
$266/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $525,000 $241 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,632/month

21 Days on Market

Highlights

  • Clubhouse
  • Wood Flooring
  • Granite Countertops
  • Charleston Architecture
  • Loft
  • Community Pool

About This Home

As of March 2023

Renaissance 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

DASH Carolina

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,437

Year Built

Built in 2010

Lot Details

0

HOA Fees

$82 per month

Parking

2

Listing Details

  • Year Built: 2010
  • Prop. Type: Residential
  • Subdivision Name: Renaissance Park
  • Above Grade Finished Sq Ft: 2180.0
  • Architectural Style: Charleston
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 46 x 60 x 35 x 24 x 34 x 110
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Flooring Tile: Yes
  • Laundry Features Main Level: Yes
  • Structure Type Site Built: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Room Types Loft: Yes
  • Appliances Refrigerators: Yes
  • Utilities Cable Available: Yes
  • Levels One and One Half: Yes
  • Architectural Style Charleston: Yes
  • General Property Information Above Grade Finished Area: 2180.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 5227.2
  • General Property Information Lot Size Acres: 0.12
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Pantry, Smooth Ceilings, Soaking Tub, Tray Ceiling(s), Walk-In Closet(s), Walk-In Shower
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Total Bedrooms: 7
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Interior Features:Soaking Tub: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.12
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered, Patio, Porch
  • Construction Materials:Fiber Cement: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Blinds: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Available
  • Heating: Natural Gas, Zoned
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 244.5
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Association Amenities:Pool: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association Fee: 244.5
  • 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: 46 x 60 x 35 x 24 x 34 x 110
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3437.0

MLS Schools

  • Elementary School: Wake County Schools

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%
Views
82
Current Estimated Value
$575,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,196
Avg. Annual Appreciation
3.95%
Original Mortgage
$475,000
Outstanding Balance
$463,234
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$111,962

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
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
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

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 $4,491 $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

  • E

    Seller's Agent in 2023

    Erin Wheeler

    Insight Real Estate

    Section Image

  • E

    Buyer's Agent in 2023

    Erie Fullam

    DASH Carolina

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Map

Source: Doorify MLS

MLS Number: 2493469

Doorify MLS

APN: 1702.13-13-1704-000

North Carolina Wake County Raleigh 27603 Renaissance Park

1320 Formal Garden Way, Raleigh, NC

This home is located at 1320 Formal Garden Way, Raleigh, NC 27603 since 03 February 2023 and is currently estimated at $579,572, approximately $265 per square foot. This property was built in 2010. 1320 Formal Garden Way is a home located in Wake County with nearby schools including Smith Elementary, North Garner Middle, and Garner High.

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