NOT LISTED FOR SALE

1325 Formal Garden Way Raleigh, NC 27603

Renaissance Park Neighborhood

Estimated Value: $544,000 - $631,000

4 Beds
3 Baths
2,397 Sq Ft
$243/Sq Ft Est. Value

About This Home

This home is located at 1325 Formal Garden Way, Raleigh, NC 27603 and is currently estimated at $581,923, approximately $242 per square foot. 1325 Formal Garden Way is a home located in Wake County with nearby schools including Smith Elementary, North Garner Middle, and Garner High.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2018
Sold by
Kluth Keith Hausmann
Bought by
Franklin Casey B Franklin
Current Estimated Value
$574,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,700
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2016
Sold by
Li Zhenchuan and Yao Zhijaia
Bought by
Kluth Ketti Huausmann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,900
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 2016
Sold by
Li Meng and Wang Wei
Bought by
Li Zhenchuan and Yao Zhinia

Purchase Details

Closed on
Mar 6, 2015
Sold by
Flores Walter A and Flores Paola A
Bought by
Li Meng and Wang Wei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2013
Sold by
Amelia Park L L C
Bought by
Flores Walter A and Flores Paola A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,800
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Franklin Casey B Franklin $310,000 None Available
Kluth Ketti Huausmann $295,000 None Available
Li Zhenchuan -- None Available
Li Meng $265,000 None Available
Flores Walter A $248,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franklin Casey $267,500
Closed Franklin Casey B Franklin $269,700
Previous Owner Kluth Ketti Huausmann $284,900
Previous Owner Li Meng $198,750
Previous Owner Flores Walter A $247,800
Source: Public Records

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 $4,798 $550,189 $110,000 $440,189
2023 $3,978 $363,148 $65,000 $298,148
2022 $3,697 $363,148 $65,000 $298,148
2021 $3,553 $363,148 $65,000 $298,148
2020 $3,489 $363,148 $65,000 $298,148
2019 $3,358 $288,013 $60,000 $228,013
2018 $3,167 $288,013 $60,000 $228,013
2017 $3,016 $288,013 $60,000 $228,013
2016 $2,954 $288,013 $60,000 $228,013
2015 -- $296,365 $60,000 $236,365
2014 $2,930 $60,000 $60,000 $0
Source: Public Records

Map

North Carolina Wake County Raleigh 27603 Renaissance Park

1325 Formal Garden Way, Raleigh, NC

This home is located at 1325 Formal Garden Way, Raleigh, NC 27603 and is currently estimated at $581,923, approximately $242 per square foot. 1325 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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