412 S Mercantile Street
Fuquay-Varina · Fuquay-Varina, NC 27526
$359,000
$227 per sq ft
- 3bedrooms
- 2bathrooms
- 1,580sq ft
- 0.31acre lot
- 1939built
- NoneHOA / mo
A 1939 bungalow on a third of an acre for under $360,000
Original wood floors, a brick fireplace, and a deep front porch. The kitchen was updated in 2018 and the bath in 2020. Roof 2021. Nearly a third of an acre, fenced at the rear, with two pecan trees and a detached single garage that is currently a workshop. Walking distance to the Varina side of town.
- 0.31 acre, fenced rear
- Kitchen 2018, bath 2020, roof 2021
- Detached garage used as a workshop
- No HOA
What this house has
- Hardwood floors
- No HOA
- Fenced yard
- Single storey
- Fireplace
The numbers
| Listing ID | HS-1090 |
|---|---|
| Property type | Single-family |
| Style | Bungalow |
| Status | Active |
| Bedrooms | 3 |
| Bathrooms | 2 (2 full) |
| Interior | 1,580 sq ft |
| Price per sq ft | $227 |
| Lot | 0.31 acre |
| Year built | 1939 |
| HOA / condo fee | None |
| Estimated tax rate | 1.0870% of value per year |
| Listed on | August 19, 2026 |
| County | Wake County, NC |
| Street | Invented — see the note below |
Fuquay-Varina
Two former railroad villages that merged into one town, so there are two small historic centres and a wide belt of subdivisions built since 2000 between and around them.
- Housing stock Detached two-storeys of 1,700–3,400 sq ft in the newer subdivisions; early-1900s wood-frame houses of 1,100–2,000 sq ft near the two downtown cores.
- Typical lot 0.16–0.45 acre; larger on the rural edges
- Getting about About 22 miles to downtown Raleigh via US-401; roughly 25 miles to RTP.
Assigned schools
These are the base schools currently assigned to this address by Wake County Public School System. We list assignment as a fact and nothing more — we do not rate, rank or compare schools, and no one here will, because doing so is how housing discrimination happens in practice. Judge them yourself.
- ElementaryBallentine Elementary
- MiddleFuquay-Varina Middle
- HighFuquay-Varina High
- DistrictWake County Public School System
On this demonstration site the assignment is invented, and the homes have no real address to assign. In reality attendance areas are reassigned periodically and a base assignment can change before you close — verify it directly with Wake County Public School System before you rely on it.
What this would cost a month
Change any number. Nothing here is a quote — it is arithmetic.
$2,601
estimated total monthly ·$323,100 borrowed
- Principal and interest
- $2,032
- Property tax
- $325
- Homeowner’s insurance
- $96
- HOA / condo fee
- $0
- Mortgage insurance (PMI)
- $148
Under 20% down, so private mortgage insurance is included at an estimated 0.55% of the loan a year. On a conventional loan it comes off automatically once you reach 78% loan-to-value, and you can usually request removal at 80%. On most FHA loans it stays for the life of the loan.
Over the full term you would pay about $408,276 in interest, assuming you never pay extra and never refinance.
Estimates only. Actual rates depend on credit, loan type and the day. Wake County property tax is reassessed on a four-year cycle, so a recent revaluation can move the tax line. Talk to a lender for a real quote — we can introduce you to three.
Scored on this data, not hand-picked
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