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1200 Marbank Street

1200 Marbank Street, Wake Forest, NC 27587
Property in Franklin
Sold Feb 15, 2018
$340,000
$324,073 by Broker Solutions Inc
Mortgage Due Mar 01, 2048
Sold Oct 26, 2004
$361,500
Local assessors in Wake Forest, NC have categorized 1200 Marbank Street as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 11,761 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1200 Marbank Street has a total of 1,504 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,369 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a unknown for those who need a place to park their vehicle. The garage on the property is 440 sqft. Do you like to entertain? The home has both a screened porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1200 Marbank Street was last sold in Feb 15, 2018 for $340,000. According to our calculations, that's $226.06 per sqft. Prior to that sales transaction, the property was sold for $361,500 in Oct 26, 2004. Current property owners are expected to pay $4,548 in taxes per year. The property on 1200 Marbank Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $344,040. To break that down further, the land itself was valued at $42,000. While improvements to the property were assessed at a total of $302,040. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 1,369
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,504
  • Building Area: 1,504
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,504
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RICHLAND HILLS
  • Land Acres: 0.27
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MB 2003/320B LADJ/SALES

Ownership

  • Current Owner : RUIZ JORGE D
  • Current Owner 2: CANSECO KARINA
  • Previous Owner : PEREZ RIGOBERTO S
  • Previous Owner 2: PEREZ ZORAIDA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin County Schools
  • Census Tract: 060501

Zoning

  • Zoning: RES

Geography

  • Assessors Map Reference: MB 2003/320B
  • District: 103
  • Parcel: 036743
  • Lot: 161
  • Municipality: YOUNGSVILLE
  • Latitude: 36.0081
  • Longitude: -78.5049

    Address

  • Full Address: 1200 Marbank St
  • Address - House Number: 1200
  • Address - Street Name: Marbank
  • Address - Suffix Type: St
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R021
  • 4-Digit Zip Code: 7923
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,548
  • Tax Rate Code Area: WKFS

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 78
  • Final Value: 552,617
  • High Value: 646,000
  • Low Value: 459,233

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $371,914
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Feb 15, 2018
  • First Open Lien Mortgage Loan Amount: $324,073
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2048
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Jan 05, 2022
  • Second Open Lien Mortgage Loan Amount: $47,841
  • Second Open Lien Mortgage Term: 313
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2048

    Market Valuation

  • Market Total Value: $344,040
  • Market Land Value: $42,000
  • Market Improvement Value: $302,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $344,040
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $302,040

    Sales

  • Current Sale Contract Date: Feb 15, 2018
  • Current Sale Recording Date: Feb 15, 2018
  • Current Sale Transaction ID: 11405622643
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 26, 2004
  • Previous Sale Contract Date: Oct 26, 2004
  • Previous Sale Amount: $361,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Feb 15, 2018
  • First Mortgage Loan Amount: $324,073
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2048

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Frequently Asked Questions

What neighborhood is 1200 Marbank Street located in?
The 1200 Marbank Street is a located in the neighborhood of Franklin in Wake Forest, Wake Forest.
What is the average sales price for listings in 1200 Marbank Street?
The average sales price for units in 1200 Marbank Street is $0 currently.

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