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2157 Rainy Lake Street

2157 Rainy Lake Street, Wake Forest, NC 27587
Sold Apr 09, 2020
$405,000
$364,500 by North State Bank
Mortgage Due May 01, 2050
Sold Oct 11, 2013
$338,800
$270,690 by Freedom Mortgage Corp
Mortgage Due Nov 01, 2043
2157 Rainy Lake Street has been categorized by the local assessors in Wake Forest, NC as a residential type of property. The building on the property was first built in 2013 and is 11 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2157 Rainy Lake Street has 3,460 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 10,890 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 94 sqft. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. 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. 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, 2157 Rainy Lake Street sold most recently in Mar 23, 2020 for a total of $405,000. If you work out the math, that's approximately a cost of $117.05 per sqft. Before that, the property was also sold for $338,800 in Oct 1, 2013. 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 $4,262 in taxes each year. 2157 Rainy Lake Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $380,643. If we break it down further, the land itself was valued at $70,000. Improvements to the property, however, were assessed at a total of $310,643. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 2013
  • Effective Year Built: 2013
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 94
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 3,460
  • Building Area: 3,460
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,460
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: STONEGATE AT ST ANDREWS
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO224 STONEGATE AT ST. ANDREWS PH1 SE3 BM2005-02259

Ownership

  • Current Owner : COLLINS CHRISTOPHER MICHAEL
  • Current Owner 2: COLLINS STACY ANN
  • Previous Owner : WOERNER NICHOLAS J
  • Previous Owner 2: WOERNER BRITTANY A
  • Owner Before Previous Owner: DAN RYAN BUILDERS NORTH CAROLINA LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 054209

Zoning

  • Zoning: GR5

Geography

  • Account Number: 0338891
  • District: 19
  • Section: 3
  • Subdivision Phase Number: 1
  • Parcel: 1748.02-58-0357 0338891
  • Lot: 224
  • Municipality: WAKE FOREST
  • Latitude: 35.9151
  • Longitude: -78.5101

    Address

  • Full Address: 2157 Rainy Lake St
  • Address - House Number: 2157
  • Address - Street Name: Rainy Lake
  • Address - Suffix Type: St
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R004
  • 4-Digit Zip Code: 3422
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,262

    Appraisal Valuation

  • Standard Deviation: 0.1307
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 650,664
  • High Value: 735,741
  • Low Value: 565,586

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $364,500
  • First Open Lien Mortgage Lender: NORTH STATE BANK
  • First Open Lien Mortgage Recording Date: Apr 09, 2020
  • First Open Lien Mortgage Loan Amount: $364,500
  • 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: May 01, 2050

    Market Valuation

  • Market Total Value: $380,643
  • Market Land Value: $70,000
  • Market Improvement Value: $310,643

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $380,643
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $310,643

    Sales

  • Current Sale Contract Date: Mar 23, 2020
  • Current Sale Recording Date: Apr 09, 2020
  • Current Sale Transaction ID: 11761586608
  • Current Sale Price: $405,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 11, 2013
  • Previous Sale Contract Date: Oct 01, 2013
  • Previous Sale Amount: $338,800
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTH STATE BANK
  • First Mortgage Transaction Date: Apr 09, 2020
  • First Mortgage Loan Amount: $364,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FREEDOM MORTGAGE CORP
  • Previous Mortgage Transaction Date: Oct 11, 2013
  • Previous Mortgage Loan Amount: $270,690
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2043

About Stonegate at St. Andrews



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Frequently Asked Questions

What neighborhood is 2157 Rainy Lake Street located in?
The 2157 Rainy Lake Street is a located in the neighborhood of Stonegate at St. Andrews in Stonegate at St. Andrews, Wake Forest.
What is the average sales price for listings in 2157 Rainy Lake Street?
The average sales price for units in 2157 Rainy Lake Street is $0 currently.

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