1220 University Ct Unit 202 Raleigh, NC 27606
Estimated Value: $274,000 - $282,000
4
Beds
4
Baths
1,200
Sq Ft
$184/mo
HOA Fee
Highlights
- Deck
- Traditional 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 April 2024Attention seasoned investors who understand the hassles and expenses associated with the traditional rental model. This turnkey multifamily investment comes with an innovative, proven rental model that minimizes background/income check hassles as well as the high cost of marketing for tenants, vacancies and evictions while providing a service to the less fortunate! Act now and lock in an immediate and consistent return on your investment. Or cancel the leases and implement your own model. Either way you win! Ask your agent to download and forward the documents in the MLS explaining this successfully proven model and current rent rolls or call the listing broker. Current monthly rent totals $2,100. Security deposits total $4,200 and convey at settlement.
Last Agent to Sell the Property
Carolina's Choice Real Estate License #158379 Listed on: 02/29/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,884
Year Built
- Built in 1998
HOA Fees
- $184 Monthly HOA Fees
Home Design
- Traditional Architecture
- Fixer Upper
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,200 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Entrance Foyer
- Living Room
Kitchen
- Eat-In Kitchen
- Electric Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Parking
- 2 Parking Spaces
- 2 Open Parking Spaces
- Parking Lot
Accessible Home Design
- Accessible Common Area
Outdoor Features
- Deck
- Outdoor Grill
Schools
- Combs Elementary School
- Centennial Campus Middle School
- Athens Dr High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 0783739041
Community Details
Overview
- Association fees include ground maintenance, maintenance structure
- Wilson Property Mgt Association, Phone Number (919) 859-9552
- University Commons Lake Pk Subdivision
- Maintained Community
Recreation
- Community Basketball Court
- Community Pool
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
Total Days on Market
80
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,500
Interest Rate
6.06%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 8, 2006
Sold by
Lake Park Condos Llc
Bought by
Finlayson Alan and Finlayson Michelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,800
Interest Rate
5.25%
Mortgage Type
Unknown
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
Similar Homes in Raleigh, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | Jones Robert | $36,845 | |
| Closed | Harmer Myles G | $24,500 | |
| Open | Harmer Myles G | $73,500 | |
| Previous Owner | Finlayson Alan | $99,800 | |
| Previous Owner | Murray Donnie Jay | $80,000 | |
| Previous Owner | Mclaurin Robert D | $25,000 | |
| Previous Owner | Mcmanus Jeffrey Paul | $105,142 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2024 04/10/24 | Sold | $267,000 | -2.0% | $223 / Sq Ft |
| 03/10/2024 03/10/24 | Pending | -- | -- | -- |
| 02/29/2024 02/29/24 | For Sale | $272,500 | 0.0% | $227 / Sq Ft |
| 02/12/2024 02/12/24 | Pending | -- | -- | -- |
| 01/16/2024 01/16/24 | Price Changed | $272,500 | -0.9% | $227 / Sq Ft |
| 12/20/2023 12/20/23 | For Sale | $275,000 | -- | $229 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $2,348 | $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
-
David Wilson
Seller's Agent in 2024
David Wilson
Carolina's Choice Real Estate
(919) 412-9350
878 Total Sales
-
Shelley Buffaloe
Seller Co-Listing Agent in 2024
Shelley Buffaloe
Carolina's Choice Real Estate
(919) 325-1334
914 Total Sales
-
Phillip Singer
Buyer's Agent in 2024
Phillip Singer
Century 21 Southern Lifestyles
(919) 538-2798
58 Total Sales
Map
Source: Doorify MLS
MLS Number: 10002880
APN: 0783.16-73-9041-011
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Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
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