NOT LISTED FOR SALE

1140 Carlton Ave Unit 201 Raleigh, NC 27606

Estimated Value: $280,116 - $287,000

4 Beds
4 Baths
1,287 Sq Ft
$220/Sq Ft Est. Value

Last Sold July 24, 2025

Last sale price $278,500 $216 Per Sq Ft

About This Home

As of July 2025

Investor Special! Whether you're starting your rental portfolio, looking for passive income, or want a cost-effective housing option for a student at NC State, this is your opportunity. This second-floor, one-level 4-bedroom, 4-bathroom condo offers flexibility for both investors and owner-occupants. Live in one room, lease the other three, or rent out all four for maximum return. The unit is currently leased through July 23, 2026, with four individual residential lease agreements in place. It generates $1,975/month in rental income, with tenants responsible for their own internet. Water, parking, and trash included in HOA fee. Located within walking distance to NC State University, this property offers strong rental demand and long-term investment potential.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2025
Closed on
Jul 11, 2025
Sold by
Abu-Shaaban Fadi and Ramos Lymari Ramos
Bought by
Buxengard Lucas Daniel and Buxengard Melissa Janelle
Seller's Agent
Dona Aguayo
Keller Williams Elite Realty
Buyer's Agent
Cris Mulroy
Berkshire Hathaway HomeService
List Price
$285,000
Sold Price
$278,500
Premium/Discount to List
-$6,500
-2.28%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.01%

Purchase Details

Closed on
Jul 11, 2006
Sold by
Beach Vernard H and Beach Rebecca R
Bought by
Abu Shaaban Fadi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,300
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2003
Sold by
Furgurson Ernest W and Furgurson Linda L
Bought by
Beach Verbard H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,480
Interest Rate
5.2%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Buxengard Lucas Daniel $278,500 None Listed On Document
Abu Shaaban Fadi $120,500 None Available
Beach Verbard H $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abu Shaaban Fadi $92,500
Previous Owner Abu Shaaban Fadi $90,300
Previous Owner Beach Verbard H $109,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Sold $278,500 -2.3% $216 / Sq Ft
06/07/2025 06/07/25 Pending -- -- --
04/07/2025 04/07/25 For Sale $285,000 -- $221 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,226 $254,039 $0 $254,039
2023 $1,912 $173,548 $0 $173,548
2022 $1,777 $173,548 $0 $173,548
2021 $1,709 $173,548 $0 $173,548
2020 $1,678 $173,548 $0 $173,548
2019 $1,368 $116,327 $0 $116,327
2018 $1,291 $116,327 $0 $116,327
2017 $1,230 $116,327 $0 $116,327
2016 $1,205 $116,327 $0 $116,327
2015 $1,223 $116,130 $0 $116,130
2014 $1,160 $116,130 $0 $116,130
Source: Public Records

Agents Affiliated with this Home

  • Dona Aguayo

    Seller's Agent in 2025

    Dona Aguayo

    Keller Williams Elite Realty

    (919) 641-5819

    50 Total Sales

    Section Image
  • Cris Mulroy

    Buyer's Agent in 2025

    Cris Mulroy

    Berkshire Hathaway HomeService

    (919) 413-3435

    14 Total Sales

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Map

North Carolina Wake County Raleigh 27606

1140 Carlton Ave Unit 201, Raleigh, NC

This home is located at 1140 Carlton Ave Unit 201, Raleigh, NC 27606 and is currently estimated at $283,279, approximately $220 per square foot. 1140 Carlton Ave Unit 201 is a home located in Wake County with nearby schools including Leroy Martin Magnet, Atlas International School, and Al-Iman School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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