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1313 Marbank Street

1313 Marbank Street, Wake Forest, NC 27587
Property in Franklin
Sold Jan 08, 2014
$176,260
$176,739 by River Community Bank Na
Mortgage Due Jun 01, 2044
Sold Jun 12, 2013
$3,000
1313 Marbank Street in Wake Forest, NC was first built in 2004 and is 20 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1313 Marbank Street has 1,385 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,385 sqft and has been categorized as a building with no basement. In total, the area measurement of the land is 9,148 square feet.

Learn more about the property and building on this page. There is a porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 441 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jan 7, 2014 for $176,260. That's $127.26 per sqft. Prior to that sales transaction, the property was also sold in Jun 7, 2013 for $3,000. 1313 Marbank Street was last assessed in 2023. The total value of the property was assessed at $292,580. Specifically, the land the property is located on was valued at $42,000. While improvements on the property were assessed at a total of $250,580. 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 $3,884. 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! 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: 2004
  • Effective Year Built: 2004
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • 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: Building with no basement
  • Basement Area: 1,385
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Porch Type: Porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,385
  • Building Area: 1,385
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,385
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RICHLAND HILLS LOT
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LADJ/SALES

Ownership

  • Current Owner : SECRETARY OF VETERANS AFFAIRS
  • Previous Owner : MAYFIELD REGINA M
  • Owner Before Previous Owner: RICHLAND HILLS HOMEOWNERS ASSOCIATION IN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R 10

Geography

  • District: 103
  • Parcel: 036724
  • Lot: 142
  • Municipality: YOUNGSVILLE
  • Latitude: 36.0098
  • Longitude: -78.5075

    Address

  • Full Address: 1313 Marbank St
  • Address - House Number: 1313
  • Address - Street Name: Marbank
  • Address - Suffix Type: St
  • State: NC
  • City Name: Wake Forest
  • Carrier Code: R021
  • 4-Digit Zip Code: 7926
  • Zip Code: 27587

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,884
  • Tax Rate Code Area: WKFS

    Appraisal Valuation

  • Standard Deviation: 0.2222
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 69
  • Final Value: 441,642
  • High Value: 539,805
  • Low Value: 343,480

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $314,769
  • First Open Lien Mortgage Lender: RIVER COMMUNITY BANK NA
  • First Open Lien Mortgage Recording Date: May 15, 2014
  • First Open Lien Mortgage Loan Amount: $176,739
  • 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: Jun 01, 2044
  • Second Open Lien Mortgage Lender: STATE OF NORTH CAROLINA
  • Second Open Lien Mortgage Recording Date: Jul 13, 2023
  • Second Open Lien Mortgage Loan Amount: $125,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jul 13, 2053
  • Third Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Third Open Lien Mortgage Recording Date: Feb 20, 2024
  • Third Open Lien Mortgage Loan Amount: $13,030
  • Third Open Lien Mortgage Term: 240
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: FHA
  • Third Open Lien Mortgage Loan Due Date: Jun 01, 2044

    Market Valuation

  • Market Total Value: $292,580
  • Market Land Value: $42,000
  • Market Improvement Value: $250,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,580
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $250,580

    Sales

  • Current Sale Contract Date: Jan 07, 2014
  • Current Sale Recording Date: Jan 08, 2014
  • Current Sale Transaction ID: 1106213017
  • Current Sale Price: $176,260
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Previous Sale Recording Date: Jun 12, 2013
  • Previous Sale Contract Date: Jun 07, 2013
  • Previous Sale Amount: $3,000
  • Previous Sale Document Type: Special Warranty Deed

About Wake Forest



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336 Natsam Woods Way, Wake Forest, NC, 27587 Listing by Aparna Ahuja

Frequently Asked Questions

What neighborhood is 1313 Marbank Street located in?
The 1313 Marbank Street is a located in the neighborhood of Franklin in Wake Forest, Wake Forest.
What is the average sales price for listings in 1313 Marbank Street?
The average sales price for units in 1313 Marbank Street is $0 currently.

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