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1028 Margarets Lane

1028 Margarets Lane, Raleigh, NC 27614
Property in Wake
Sold Jan 22, 2021
$840,000
$630,000 by Wells Fargo Bank Na
Mortgage Due Feb 01, 2051
Sold Jun 11, 2014
$720,000
$576,000 by Fifth Third Mortgage Co
Mortgage Due Jul 01, 2044
1028 Margarets Lane in Raleigh, NC was first built in 2014 and is 10 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 conventional style. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1028 Margarets Lane has 3,965 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. In total, the area measurement of the land is 83,635 square feet.

Learn more about the property and building on this page. 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 749 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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 21, 2021 for $840,000. That's $211.85 per sqft. Prior to that sales transaction, the property was also sold in May 28, 2014 for $720,000. 1028 Margarets Lane was last assessed in 2023. The total value of the property was assessed at $849,045. Specifically, the land the property is located on was valued at $175,000. While improvements on the property were assessed at a total of $674,045. 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 $6,640. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • 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: 749
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 83,635
  • Total Building Area: 3,965
  • Building Area: 3,965
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,965
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BARTONS GROVE
  • Land Acres: 1.92
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO40 BARTONS GROVE BM2013-01350

Ownership

  • Current Owner : THOMPSON AMY
  • Current Owner 2: THOMPSON NATHAN
  • Previous Owner : DUNLEAVY JOHN P
  • Previous Owner 2: DUNLEAVY JENNIFER C
  • Owner Before Previous Owner: HOMES BY DICKERSON INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053804

Zoning

  • Zoning: R-80W

Geography

  • Assessors Map Reference: BK 2013 PG 1350
  • Account Number: 0417843
  • District: 02
  • Parcel: 0890.02-59-8128 0417843
  • Lot: 40
  • Municipality: BARTON'S CREEK
  • Latitude: 35.9729
  • Longitude: -78.6761

    Address

  • Full Address: 1028 Margarets Ln
  • Address - House Number: 1028
  • Address - Street Name: Margarets
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R023
  • 4-Digit Zip Code: 7672
  • Zip Code: 27614

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,640

    Appraisal Valuation

  • Standard Deviation: 0.1298
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 85
  • Final Value: 1,227,219
  • High Value: 1,386,523
  • Low Value: 1,067,916

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $780,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jan 22, 2021
  • First Open Lien Mortgage Loan Amount: $630,000
  • 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: Feb 01, 2051
  • Second Open Lien Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Mar 08, 2024
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 08, 2054

    Market Valuation

  • Market Total Value: $849,045
  • Market Land Value: $175,000
  • Market Improvement Value: $674,045

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $849,045
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $674,045

    Sales

  • Current Sale Contract Date: Jan 21, 2021
  • Current Sale Recording Date: Jan 22, 2021
  • Current Sale Transaction ID: 11831569874
  • Current Sale Price: $840,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 11, 2014
  • Previous Sale Contract Date: May 28, 2014
  • Previous Sale Amount: $720,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jan 22, 2021
  • First Mortgage Loan Amount: $630,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD MORTGAGE CO
  • Previous Mortgage Transaction Date: Jun 11, 2014
  • Previous Mortgage Loan Amount: $576,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2044

About Wake



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Frequently Asked Questions

What neighborhood is 1028 Margarets Lane located in?
The 1028 Margarets Lane is a located in the neighborhood of Wake in Wake, Raleigh.
What is the average sales price for listings in 1028 Margarets Lane?
The average sales price for units in 1028 Margarets Lane is $0 currently.

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