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802 Laurel Gate Drive

802 Laurel Gate Drive, Wake Forest, NC 27587
Townhouse in Wake
1 Units For Sale
Unit for sale at 802 Laurel Gate Drive, Wake Forest, NC 27587

$370,000

  • 3 Beds
  • 2.5 Baths
  • 1,880 ft²
802 Laurel Gate Drive, Wake Forest, NC 27587 Listing by Hensley Scott

802 Laurel Gate Drive 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 2022 and is 2 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, 802 Laurel Gate Drive has 1,883 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 1,307 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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. 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. 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, 802 Laurel Gate Drive sold most recently in Sep 19, 2023 for a total of $375,000. If you work out the math, that's approximately a cost of $199.15 per sqft. 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 $2,110 in taxes each year. 802 Laurel Gate Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $261,882. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $221,882. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!

Building Features

Condition

New Construction

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220110
01/10/2022
3 Bed
2.5 Bath
1800 ft²
$375,000
bedrooms
3 Bed
bathrooms
2.5 Bath
square feet
1800 ft²
-
-
-
Marc Iafrate
Capital City Real Estate Group

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Townhouse
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,307
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,883
  • Building Area: 1,883
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,883
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FRANKLIN STREET TOWN HOMES
  • Land Acres: 0.03
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LO41 FRANKLIN STREET TOWNHOMES BL8 BM2021-01478

Ownership

  • Current Owner : BOTTA SIMRAN KAUR
  • Previous Owner : FRANKLIN STREET TOWNES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: WMD
  • Census Tract: 054224

Zoning

  • Zoning: RMX

Geography

  • Account Number: 0488220
  • District: 19
  • Parcel: 1840.11-57-1269 0488220
  • Lot: 41
  • Municipality: WAKE FOREST
  • Latitude: 35.9668
  • Longitude: -78.5095

    Address

  • Full Address: 802 Laurel Gate Dr
  • Address - House Number: 802
  • Address - Street Name: Laurel Gate
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: C003
  • 4-Digit Zip Code: 2887
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,110

    Appraisal Valuation

  • Standard Deviation: 0.068
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 96
  • Final Value: 365,274
  • High Value: 390,137
  • Low Value: 340,410

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $281,250
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 26, 2023
  • First Open Lien Mortgage Loan Amount: $281,250
  • 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: Oct 01, 2053

    Market Valuation

  • Market Total Value: $261,882
  • Market Land Value: $40,000
  • Market Improvement Value: $221,882

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $261,882
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $221,882

    Sales

  • Current Sale Contract Date: Sep 19, 2023
  • Current Sale Recording Date: Sep 26, 2023
  • Current Sale Transaction ID: 11914021840
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 26, 2023
  • First Mortgage Loan Amount: $281,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2053

About Wake Forest



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Frequently Asked Questions

What neighborhood is 802 Laurel Gate Drive located in?
The 802 Laurel Gate Drive is a townhouse located in the neighborhood of Wake in Wake Forest, Wake Forest.
How many listings are currently for sale in 802 Laurel Gate Drive?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 802 Laurel Gate Drive?
The average sales price for units in 802 Laurel Gate Drive is $370,000 , or $197/sqft. currently.

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