Taxes
- Assessed Value: $27,775,192
- Assessed Year: 2025
- Assessed County: Wake
- APN: 1715.14-34-0435-000
- Assessed Land Value: 6774462
- Market Land Value: 6774462
- Tax Amount: 241994.58
- Tax Year: 2025
- Market Value: 27775192
- Market Year: 2025
1229 Wake Towne Dr; Raleigh, NC Property Details
Off market
1229 Wake Towne Dr Raleigh, NC 27609
$27,775,192 Estimated Value
93,343 SqFt
Property Type
HotelProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 2 / Mixed
- Owner Status: Mixed
- Year Built: 2019
- Purchase Price: $3,148,500
- Open Loans / Balance: 1 / $30,198,313
- APN: 1715.14-34-0435-000
- Situs County: Wake
- Length Of Ownership: 7 years, 9 months
Structure
- Building Style: Concrete
- Stories: 5
- Exterior Wall Type: Brick
- Sewer Type: Yes
- Water Source: Yes
Measurements
- Total: 93,343/SqFt
- Lot: 125,453/SqFt
- Gross: 93,343/SqFt
- Living: 93,343/SqFt
- Building: 93,343/SqFt
- Price Per Square Foot: $33.73
Legal Description
- Description: LO2 MIDTOWN EAST REGENCY-ITB BM2018-0194
Building Insights
Land Information
- Property Type: Hotel
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Wake County Schools
- Lat / Lon: 35.822376 / -78.61871
- Subdivision: Midtown East Regency
- Property Class: Commercial
- Zoning: CX-3
- County Use Code: 29
Amenities
- Plus Four: 7495
- Cooling: Central
- Heating: Forced air unit
Ownership Info
1229 Wake Towne Dr has no associated ownership info
1229 Wake Towne Dr has no associated ownership info.
Taxes
1229 Wake Towne Dr has 10 associated Taxes items
1229 Wake Towne Dr, 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 $27,775,192. The APN we've located for 1229 Wake Towne Dr is 1715.14-34-0435-000.
Unlock the full reportTax History
1229 Wake Towne Dr has 7 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $27,775,192 | Land Value $6,774,462 | Improvement Value $21,000,730 | Tax Amount $241,994.58 | Change Rate +0.087496% | Assessed CR | Tax Rate +0.008713% |
| Year 2024 | Assessed Value $27,775,192 | Land Value $6,774,462 | Improvement Value $21,000,730 | Tax Amount $222,524.59 | Change Rate +0.611805% | Assessed CR | Tax Rate +0.008012% |
| Year 2023 | Assessed Value $17,074,439 | Land Value $2,511,067 | Improvement Value $14,563,372 | Tax Amount $138,059.22 | Change Rate +0.399451% | Assessed CR | Tax Rate +0.008086% |
| Year 2022 | Assessed Value $17,074,439 | Land Value $2,511,067 | Improvement Value $14,563,372 | Tax Amount $98,652.41 | Change Rate +0.656069% | Assessed CR | Tax Rate +0.005778% |
| Year 2021 | Assessed Value $17,518,753 | Land Value $2,511,067 | Improvement Value $15,007,686 | Tax Amount $59,570.24 | Change Rate -0.565692% | Assessed CR | Tax Rate +0.0034% |
| Year 2020 | Assessed Value $14,359,440 | Land Value $2,511,067 | Improvement Value $11,848,373 | Tax Amount $137,161.38 | Change Rate +5.555165% | Assessed CR | Tax Rate +0.009552% |
| Year 2019 | Assessed Value $1,805,520 | Land Value $1,805,520 | Improvement Value | Tax Amount $20,924.17 | Change Rate | Assessed CR | Tax Rate +0.011589% |