NOT LISTED FOR SALE

402 Palace Green Cary, NC 27518

Lochmere Neighborhood

Estimated Value: $594,000 - $653,784

4 Beds
2.5 Baths
2,116 Sq Ft
$296/Sq Ft Est. Value

Last Sold August 11, 2022

Last sale price $550,000 $260 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,843/month

8 Days on Market

Highlights

  • Deck
  • Transitional Architecture
  • Granite Countertops
  • Vaulted Ceiling
  • Wood Flooring
  • 3-minute walk to Harold D Ritter Park

About This Home

As of August 2022

Absolutely charming, move-in ready Lochbain home on cul-de-sac street. 3 BR + additional bed/bonus room. Roof '14, AC '20, wtr htr '21, poly pipes replaced with PEX. True hardwoods, upgraded appliances and lighting, soaring ceilings. Large primary bdrm suite has dbl vanity & lg walk-in closet. Walk-in attic storage off bonus. Gorgeous landscaping with shade trees, deck + patio & raised garden beds. Neighborhood includes 3 pools, tennis, walking trails and ponds. Walk to Koka Booth and Waverly Place!

Last Agent to Sell the Property

Laurie Marcey

Coldwell Banker Advantage License #274959 Listed on: 06/22/2022

Coldwell Banker Advantage

Last Buyer's Agent

Renee Rogers

Keller Williams Legacy License #284433

Keller Williams Legacy

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,495

Year Built

  • Built in 1993

Lot Details

  • 0.25 Acre Lot
  • Cul-De-Sac

HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Transitional Architecture
  • Masonite

Interior Spaces

  • 2,116 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Vaulted Ceiling
  • Living Room with Fireplace
  • Crawl Space
  • Fire and Smoke Detector
  • Granite Countertops
  • Laundry on main level

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Shower Only
  • Walk-in Shower

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Gas Water Heater

Community Details

Overview

  • Hrw Association
  • Loch Bain Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,495

Year Built

Built in 1993

Lot Details

0

HOA Fees

$60 per month

Parking

2

Listing Details

  • Year Built: 1993
  • Prop. Type: Residential
  • Subdivision Name: Loch Bain
  • Above Grade Finished Sq Ft: 2116.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: irregular
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 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
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Interior Features Shower Only: Yes
  • General Property Information Above Grade Finished Area: 2116.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Lot Size Acres: 0.25
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Double Vanity, Granite Counters, High Ceilings, Pantry, Shower Only, Smooth Ceilings, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower
  • Basement: Crawl Space
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Total Bedrooms: 7
  • Interior Features:Double Vanity: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.25
  • Construction Type: Fiber Cement, Masonite
  • Patio And Porch Features: Deck, Patio
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Heat Pump, Natural Gas
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association #2 Fee: 60.0
  • Association #2 Fee Frequency: Annually
  • Association Fee: 656.0
  • Association Fee Frequency: Annually
  • Association Name: HRW
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: HRW
  • Association Amenities:Pool: Yes
  • Association Amenities:Tennis Courts: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 656.0
  • General Property Information:Association Fee Frequency: Annually
  • General Property Information:Association Fee 2: 60.0
  • General Property Information:Association Fee 2 Frequency: Annually

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Dimensions: irregular
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3495.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Aug 9, 2022
Sold by
Long and Andrea
Bought by
Chambers Timothy Blair and Chambers Julie Stout
Seller's Agent
Laurie Marcey
Coldwell Banker Advantage
Buyer's Agent
Renee Rogers
Keller Williams Legacy
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$626,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,696
Avg. Annual Appreciation
4.09%
Original Mortgage
$414,122
Outstanding Balance
$399,076
Interest Rate
5.7%
Mortgage Type
FHA
Estimated Equity
$222,890

Purchase Details

Closed on
Jun 27, 2008
Sold by
Griffo Kenneth C and Griffo Stephanie
Bought by
Long Andrea and Long Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,200
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Chambers Timothy Blair $550,000 Jackson Law Pc
Long Andrea $268,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chambers Timothy Blair $15,372
Open Chambers Timothy Blair $414,122
Previous Owner Long Richard $227,600
Previous Owner Long Andrea $243,850
Previous Owner Long Andrea $241,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $550,000 -- --
08/11/2022 08/11/22 Sold $550,000 0.0% $260 / Sq Ft
07/02/2022 07/02/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $550,000 -- $260 / 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 $4,740 $562,921 $180,000 $382,921
2023 $3,705 $367,809 $76,000 $291,809
2022 $3,568 $367,809 $76,000 $291,809
2021 $3,496 $367,809 $76,000 $291,809
2020 $3,514 $367,809 $76,000 $291,809
2019 $3,333 $309,463 $90,000 $219,463
2018 $3,128 $309,463 $90,000 $219,463
2017 $3,006 $309,463 $90,000 $219,463
2016 $2,961 $309,463 $90,000 $219,463
2015 $2,911 $293,670 $74,000 $219,670
2014 $2,745 $293,670 $74,000 $219,670
Source: Public Records

Agents Affiliated with this Home

  • Laurie Marcey

    Seller's Agent in 2022

    Laurie Marcey

    Coldwell Banker Advantage

    (919) 592-2275

    1 in this area

    59 Total Sales

    Laurie Marcey
    Section Image
  • Renee Rogers

    Buyer's Agent in 2022

    Renee Rogers

    Keller Williams Legacy

    (919) 280-3337

    1 in this area

    157 Total Sales

    Renee Rogers
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2457678

Doorify MLS

APN: 0762.19-50-7114-000

North Carolina Wake County Cary 27518 Lochmere

402 Palace Green, Cary, NC

This home is located at 402 Palace Green, Cary, NC 27518 since 22 June 2022 and is currently estimated at $626,696, approximately $296 per square foot. This property was built in 1993. 402 Palace Green is a home located in Wake County with nearby schools including Dillard Drive Magnet Elementary School, Dillard Drive Magnet Middle School, and TMSA Triangle - Triangle Math and Science Academy.

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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