NOT LISTED FOR SALE

1220 University Ct Unit 104 Raleigh, NC 27606

Estimated Value: $271,000 - $348,000

4 Beds
4 Baths
1,200 Sq Ft
$244/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $275,000 $229 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,910/month

34 Days on Market

Highlights

  • Lake Front
  • Transitional Architecture
  • Community Basketball Court
  • A. B. Combs Magnet Elementary School Rated A
  • Community Pool
  • 1-minute walk to Walnut Creek Wetland Park Trailhead

About This Home

As of August 2024

Great investment opportunity! 4 bedrooms, each with their own bathroom and walk in closet, rented separately. Shared living space. Close to NCSU, Meredith and walking distance to bus stop, shopping center and Lake Johnson Greenway trails and boat rentals. Fridge, Washer and Dryer included. Amenities include pool, picnic area and volleyball and basketball courts.

Last Agent to Sell the Property

Amy Scheid

JPAR Legacy Group License #330003 Listed on: 07/03/2024

Last Buyer's Agent

Colin Anderson

Compass -- Chapel Hill - Durham License #293918

Compass -- Chapel Hill - Durham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,348

Year Built

  • Built in 1998

HOA Fees

  • $184 Monthly HOA Fees

Home Design

  • Transitional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • Additional Parking
  • 50 Open Parking Spaces
  • Parking Lot
  • Outside Parking

Schools

  • Combs Elementary School
  • Centennial Campus Middle School
  • Athens Dr High School

Additional Features

  • Lake Front
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • The owner pays for association fees
  • Assessor Parcel Number 0783739041

Community Details

Overview

  • Association fees include insurance, ground maintenance, pest control, road maintenance, security, snow removal, trash
  • 4 Units
  • Wilson Properties Association, Phone Number (919) 859-9552
  • University Commons Lake Pk Subdivision
  • Maintained Community
  • Community Parking

Recreation

  • Community Basketball Court
  • Community Pool

Building Details

  • 3 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,348

Year Built

Built in 1998

Lot Details

0

HOA Fees

$184 per month

Listing Details

  • Year Built: 1998
  • Prop. Type: Residential Income
  • Road Frontage Type: Lakefront
  • Road Surface Type: Paved
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Pest Control, Road Maintenance, Security, Snow Removal, Trash
  • Subdivision Name: University Commons Lake Pk
  • Above Grade Finished Sq Ft: 1200.0
  • Unit Levels: One
  • New Construction: No
  • Effective Year Built: 1998
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • General Property Information Association Phone: 919-859-9552
  • General Property Information Senior Community YN: No
  • Flooring Laminate: Yes
  • General Property Information Spa YN: No
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 1200.0
  • Structure Type Multi Family: Yes
  • Frontage Type Lakefront: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1998

Interior Features

  • Flooring: Laminate
  • Private Spa: No
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Roof: See Remarks
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 50.0
  • Open Parking: Yes
  • Parking Features: Additional Parking, Open, Outside, Parking Lot
  • Parking Features:Parking Lot: Yes
  • Association Amenities:Parking: Yes
  • Parking Features:Additional Parking: Yes
  • Parking Features:Outside3: Yes
  • Parking Features:Open: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 50.0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 184.0
  • Association Fee Frequency: Monthly
  • Association Name: Wilson Properties
  • Phone: 919-859-9552
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Wilson Properties
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Snow Removal2: Yes
  • Association Amenities:Basketball Court: Yes
  • Association Fee Includes:Pest Control: Yes
  • Association Fee Includes:Security2: Yes
  • Owner Pays:Association Fees: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 184.0
  • Association Amenities:Maintenance: Yes
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Athens Dr
  • Middle Or Junior School: Wake - Centennial Campus

Lot Info

  • Parcel #: 0783739041

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Association Fees

Tax Info

  • Tax Annual Amount: 2347.55
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Furnished: None
  • Number Of Units Leased: 3
  • Number Of Units Vacant: 1

MLS Schools

  • Elementary School: Wake - Combs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2006
Sold by
Finlayson Michelle and Finlayson Alan
Bought by
Harmer Myles G and Harmer Lee Ellen
Current Estimated Value
$292,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Outstanding Balance
$43,573
Interest Rate
6.25%
Mortgage Type
Unknown
Estimated Equity
$248,780

Purchase Details

Closed on
May 8, 2006
Sold by
Lake Park Condos Llc
Bought by
Finlayson Alan and Finlayson Michelle

Purchase Details

Closed on
Oct 16, 2003
Sold by
Murray Donnie Jay and Murray Sondra Leiah
Bought by
Lake Park Condos Llc

Purchase Details

Closed on
Jun 10, 2003
Sold by
Mcmanus J Edward and Mcmanus Mildred B
Bought by
Murray Donnie Jay and Murray Sondra Leiah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.79%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 26, 2000
Sold by
Flagship Development Company
Bought by
D R Horton Inc Torrey

Purchase Details

Closed on
Jun 10, 1998
Sold by
Lake Park Condominium Llc
Bought by
Mcmanus Jeffrey Paul and Edward Mcmanus J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,142
Interest Rate
7.23%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Harmer Myles G $98,000 None Available
Finlayson Alan $98,000 None Available
Lake Park Condos Llc -- --
Murray Donnie Jay $100,000 --
D R Horton Inc Torrey $86,500 --
Mcmanus Jeffrey Paul $110,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harmer Myles G $73,500
Previous Owner Murray Donnie Jay $80,000
Previous Owner Mcmanus Jeffrey Paul $105,142
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $275,000 -4.8% $229 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
07/03/2024 07/03/24 For Sale $289,000 -- $241 / Sq Ft
Source: Doorify MLS

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
2025 $2,357 $267,996 -- $267,996
2024 $2,348 $267,996 $0 $267,996
2023 $1,884 $171,024 $0 $171,024
2022 $1,752 $171,024 $0 $171,024
2021 $1,684 $171,024 $0 $171,024
2020 $1,654 $171,024 $0 $171,024
2019 $1,272 $108,033 $0 $108,033
2018 $1,200 $108,033 $0 $108,033
2017 $1,144 $108,033 $0 $108,033
2016 $1,121 $108,033 $0 $108,033
2015 $1,046 $99,123 $0 $99,123
2014 $993 $99,123 $0 $99,123
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Amy Scheid

    JPAR Legacy Group

  • C

    Buyer's Agent in 2024

    Colin Anderson

    Compass -- Chapel Hill - Durham

    (919) 593-5383

    41 Total Sales

    Colin Anderson
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Map

Source: Doorify MLS

MLS Number: 10039183

Doorify MLS

APN: 0783.16-73-9041-011

North Carolina Wake County Raleigh 27606

1220 University Ct Unit 104, Raleigh, NC

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