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1403 Wake Forest Road

1403 Wake Forest Road, Raleigh, NC 27604
House in Mordecai
Sold Jul 30, 2020
$850,000
$510,000 by Allen Tate Mortgage Partners L
Mortgage Due Aug 01, 2050
Sold Jul 27, 2018
$640,000
$575,936 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2048
Local assessors in Raleigh, NC have categorized 1403 Wake Forest Road as a residential type of property. The home was built in 1935 and is 89 years old. It was most recently renovated and altered in 2016. The property's lot size has been calculated to be 13,068 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 2 full bathrooms. There are also 3 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 1403 Wake Forest Road has a total of 2,925 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. The building has a hip style roof. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jul 28, 2020 for $850,000. That's $290.60 per sqft. Prior to that sales transaction, the property was also sold in Jul 20, 2018 for $640,000. 1403 Wake Forest Road was last assessed in 2022. The total value of the property was assessed at $656,034. Specifically, the land the property is located on was valued at $276,000. While improvements on the property were assessed at a total of $380,034. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $6,662. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 2016
  • Total Rooms: 10
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: Average
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 2,925
  • Building Area: 2,925
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,925
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MORDECAI PL SUB
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO124 MORDECAI PL SUB

Ownership

  • Current Owner : MCINTYRE MARITZA CHEABER
  • Previous Owner : MARQUIS PHILIP ANDRE
  • Previous Owner 2: MARQUIS KELLEY LYN
  • Owner Before Previous Owner: GRAND OAK PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 050400

Zoning

  • Zoning: R-10

Geography

  • Account Number: 0012023
  • District: 01
  • Parcel: 1704.12-95-9576 0012023
  • Lot: 124
  • Municipality: RALEIGH
  • Latitude: 35.798
  • Longitude: -78.6291

    Address

  • Full Address: 1403 Wake Forest Rd
  • Address - House Number: 1403
  • Address - Street Name: Wake Forest
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C046
  • 4-Digit Zip Code: 1328
  • Zip Code: 27604

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,662

    Appraisal Valuation

  • Standard Deviation: 0.133
  • Valuation Date: Sep 21, 2022
  • Confidence Score: 84
  • Final Value: 1,067,677
  • High Value: 1,209,768
  • Low Value: 925,586

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $764,600
  • First Open Lien Mortgage Lender: ALLEN TATE MORTGAGE PARTNERS L
  • First Open Lien Mortgage Recording Date: Jul 30, 2020
  • First Open Lien Mortgage Loan Amount: $510,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050
  • Second Open Lien Mortgage Lender: COGENT BANK
  • Second Open Lien Mortgage Recording Date: Jul 30, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $254,600
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 30, 2040

    Market Valuation

  • Market Total Value: $656,034
  • Market Land Value: $276,000
  • Market Improvement Value: $380,034

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $656,034
  • Assessed Land Value: $276,000
  • Assessed Improvements Value: $380,034

    Sales

  • Current Sale Contract Date: Jul 28, 2020
  • Current Sale Recording Date: Jul 30, 2020
  • Current Sale Transaction ID: 11781445224
  • Current Sale Price: $850,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 27, 2018
  • Previous Sale Contract Date: Jul 20, 2018
  • Previous Sale Amount: $640,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALLEN TATE MORTGAGE PARTNERS L
  • First Mortgage Transaction Date: Jul 30, 2020
  • First Mortgage Loan Amount: $510,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jul 27, 2018
  • Previous Mortgage Loan Amount: $575,936
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2048

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Frequently Asked Questions

What neighborhood is 1403 Wake Forest Road located in?
The 1403 Wake Forest Road is a house located in the neighborhood of Mordecai in Central Raleigh, Raleigh.
What is the average sales price for listings in 1403 Wake Forest Road?
The average sales price for units in 1403 Wake Forest Road is $0 currently.

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