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1217 Wake Forest Rd; Raleigh, NC Property Details

1217 Wake Forest Rd, Raleigh, NC is a Hotel that was built in 1945. This property is currently a cash purchase and is not for sale. Our records show that 1217 Wake Forest Rd has 19 bedrooms, and a total of 3,695 square feet. The lot size of 1217 Wake Forest Rd is 20,473 square feet.

Off market
1217 Wake Forest Rd Raleigh, NC 27604
$850,000 Listing Price
19 Beds
3,695 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1945
  • Purchase Price: $850,000
  • Open Loans / Balance: 1 / $3,945,412
  • APN: 1704.16-94-4607-000
  • Situs County: Wake
  • Length Of Ownership: 7 years, 5 months

Rooms

  • Bedrooms: 19
  • Total Rooms: 11

Structure

  • Building Style: Wood
  • Stories: 2
  • Exterior Wall Type: Stucco
  • Building Condition: Good
  • Roof Type: Gable
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 3,695/SqFt
  • Lot: 20,473/SqFt
  • Gross: 3,695/SqFt
  • Living: 3,695/SqFt
  • Building: 3,695/SqFt
  • Price Per Square Foot: $230.04

Legal Description

  • Description: LO1 RCMB GABLES LODGE LLC BM2019-02014
Building Insights

Land Information

  • Property Type: Hotel
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wake County Schools
  • Lat / Lon: 35.795547 / -78.63106
  • Subdivision: Rcmb Gables Lodge Llc
  • Property Class: Commercial
  • Zoning: PD
  • County Use Code: 32

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1350
  • Bathroom Fixtures: 11
  • Cooling: None
  • Fireplaces: 1
  • Garage: Carport
  • Heating: Forced air unit

Ownership Info

1217 Wake Forest Rd has no associated ownership info
1217 Wake Forest Rd has no associated ownership info.

Taxes

1217 Wake Forest Rd has 10 associated Taxes items

1217 Wake Forest Rd, Raleigh, NC pays taxes in Wake County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $582,275. The APN we've located for 1217 Wake Forest Rd is 1704.16-94-4607-000.

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Taxes
  • Assessed Value:  $582,275
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  1704.16-94-4607-000
  • Assessed Land Value:  552771
  • Market Land Value:  552771
  • Tax Amount:  5098.02
  • Tax Year:  2025
  • Market Value:  582275
  • Market Year:  2025

Tax History

1217 Wake Forest Rd has 6 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $582,275 Land Value $552,771 Improvement Value $29,504 Tax Amount $5,098.02 Change Rate +0.004128% Assessed CR Tax Rate +0.008755%
Year 2024 Assessed Value $582,275 Land Value $552,771 Improvement Value $29,504 Tax Amount $5,077.06 Change Rate -0.314421% Assessed CR Tax Rate +0.008719%
Year 2023 Assessed Value $677,570 Land Value $658,002 Improvement Value $19,568 Tax Amount $7,405.51 Change Rate +0.07632% Assessed CR Tax Rate +0.01093%
Year 2022 Assessed Value $677,570 Land Value $658,002 Improvement Value $19,568 Tax Amount $6,880.4 Change Rate +0.040473% Assessed CR Tax Rate +0.010155%
Year 2021 Assessed Value $677,570 Land Value $658,002 Improvement Value $19,568 Tax Amount $6,612.76 Change Rate +0.018579% Assessed CR Tax Rate +0.00976%
Year 2020 Assessed Value $677,569 Land Value $658,002 Improvement Value $19,567 Tax Amount $6,492.14 Change Rate Assessed CR Tax Rate +0.009582%