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Garner 27529 Forest Hills
1001 Park Avenue
$377,500
● House - Off Market

1001 Park Avenue

Garner, NC 27529
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,563 Ft²
$338,883
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Completely updated ranch in the heart of Garner, just a short drive from Downtown Raleigh.  Fully renovated w/ permits in 2014 including new kitchen cabinets, granite, S/S appliances, tile floor & walk-in pantry. Kitchen opens to family room w/ stacked stone fireplace & built-ins. Wood floors throughout.  Enormous primary bedroom opens to screened porch.  Beautifully updated bathrooms.  New roof, vinyl windows, brick exterior, garage, large fenced yard.  Trane HVAC 2013.  Shows great! Walk to Jaycee Park.
Unit Size
1,563 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$214
Property Type
House
Property Taxes
$204
HOA Dues
-
Year Built
1959

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (TMLS #2449661)

Price History

Date / Event Date Event Price
Jun 21, 2022 Sold
Premium
Sold
May 17, 2022 Listed by Coldwell Banker HPW $335,000
Listed by Coldwell Banker HPW
Dec 11, 2014 Sold
Premium
Sold
Sep 12, 2013 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1995
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 294
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 1,502
  • Building Area: 1,502
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,502
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOREST HILLS
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO4 FOREST HILLS BLS

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052801

Zoning

  • Zoning: R-12

Geography

  • Account Number: 0063721
  • District: 16
  • Parcel: 1710.05-18-9725 0063721
  • Lot: 4
  • Municipality: ST MARY'S
  • Latitude: 35.6969
  • Longitude: -78.623

    Address

  • Full Address: 1001 Park Ave
  • Address - House Number: 1001
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Garner
  • Carrier Code: C008
  • 4-Digit Zip Code: 4163
  • Zip Code: 27529

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $258,362

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 372,958
  • High Value: 423,727
  • Low Value: 322,190

    Market Valuation

  • Market Total Value: $218,813
  • Market Land Value: $56,000
  • Market Improvement Value: $162,813

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $218,813
  • Assessed Land Value: $56,000
  • Assessed Improvements Value: $162,813

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 11, 2014
  • Previous Sale Contract Date: Dec 10, 2014
  • Previous Sale Amount: $172,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Forest Hills

Stats & Trends

Median Asking:

$333,750

Sale Price/ft²

$189

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1451 ft²

Average Home Age

55 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 200 Coachman Drive, Garner, NC, 27529

$1,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
200 Coachman Drive, Garner, NC, 27529 Listing by Johnna Spivey
Unit for rent at 331 White Oak Ridge Drive, Garner, NC, 27529

$1,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,516 ft²
331 White Oak Ridge Drive, Garner, NC, 27529 Listing by Dana Jones
Unit for rent at 1009 Vandora Springs Road, Garner, NC, 27529

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 2,004 ft²
1009 Vandora Springs Road, Garner, NC, 27529 Listing by Dameion Tarique Moore

Rentals Near You

Click here to view more rentals in the neighborhood.
TMLS

Listed by: Tim Mock, Coldwell Banker HPW
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2449661
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Frequently Asked Questions

When was property at 1001 Park Avenue built and last sold?
The property at 1001 Park Avenue was built in 1959 and last sold on Jun 15, 2022 for $377,500.
How much is this home worth?
The estimated value of the home located at 1001 Park Avenue is $343,298.
What are some comparable homes to 1001 Park Avenue?
There are currently no comparable homes to 1001 Park Avenue.
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