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12408 Village Gate Way

12408 Village Gate Way, Raleigh, NC 27614
Property in Stratford Hall
Sold Jun 16, 2014
$360,000
$288,000 by Cmg Mortgage Inc
Mortgage Due Jul 01, 2044
Sold Jan 17, 2012
$270,018
12408 Village Gate Way has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 2000 and is 24 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 12408 Village Gate Way has 3,028 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 13,939 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 182 sqft. The building has a hip style roof. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 12408 Village Gate Way sold most recently in Jun 13, 2014 for a total of $360,000. If you work out the math, that's approximately a cost of $118.89 per sqft. Before that, the property was also sold for $270,018 in Jan 12, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,762 in taxes each year. 12408 Village Gate Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $369,607. If we break it down further, the land itself was valued at $65,000. Improvements to the property, however, were assessed at a total of $304,607. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 182
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 3,028
  • Building Area: 3,028
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,028
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: STRATFORD HALL
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO3159 STRATFORD HALL PH3 BM2000-142

Ownership

  • Current Owner : PRICE JOSHUA LEE
  • Current Owner 2: PRICE ALLISON
  • Previous Owner : SHI HONG
  • Previous Owner 2: YAO CHENGWEI
  • Owner Before Previous Owner: ZENG TAO
  • Owner Before Previous Owner 2: ZHONG HUICAI
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054213

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: BK 2000 PG 142
  • Account Number: 0269134
  • District: 19
  • Subdivision Phase Number: 3
  • Parcel: 1830.03-00-2290 0269134
  • Lot: 3159
  • Municipality: WAKE FOREST
  • Latitude: 35.9478
  • Longitude: -78.5599

    Address

  • Full Address: 12408 Village Gate Way
  • Address - House Number: 12408
  • Address - Street Name: Village Gate
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R046
  • 4-Digit Zip Code: 6510
  • Zip Code: 27614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,762

    Appraisal Valuation

  • Standard Deviation: 0.1341
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 84
  • Final Value: 618,401
  • High Value: 701,358
  • Low Value: 535,445

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $538,000
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 16, 2014
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $288,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2044
  • Second Open Lien Mortgage Lender: COASTAL FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jul 06, 2022
  • Second Open Lien Mortgage Loan Amount: $250,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $369,607
  • Market Land Value: $65,000
  • Market Improvement Value: $304,607

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $369,607
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $304,607

    Sales

  • Current Sale Contract Date: Jun 13, 2014
  • Current Sale Recording Date: Jun 16, 2014
  • Current Sale Transaction ID: 1130768121
  • Current Sale Price: $360,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 17, 2012
  • Previous Sale Contract Date: Jan 12, 2012
  • Previous Sale Amount: $270,018
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Jun 16, 2014
  • First Mortgage Loan Amount: $288,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2044

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 12408 Village Gate Way located in?
The 12408 Village Gate Way is a located in the neighborhood of Stratford Hall in North Raleigh, Raleigh.
What is the average sales price for listings in 12408 Village Gate Way?
The average sales price for units in 12408 Village Gate Way is $0 currently.

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