$283,000

1221 University Ct Unit 304 Raleigh, NC 27606

Estimated payment $1,930/month

Total Views 288
4 Beds
4 Baths
1,219 Sq Ft
$232 Price per Sq Ft

Highlights

  • Outdoor Pool
  • Clubhouse
  • Tennis Courts
  • A. B. Combs Magnet Elementary School Rated A
  • Ranch Style House
  • 3-minute walk to Walnut Creek Wetland Park Trailhead

About This Home

INVESTORS! NCSU PARENTS AND STUDENTS! Prime Investment Opportunity at University Commons - Lake Park. This 4 Bedroom+ 4 Bathroom condo is an excellent opportunity for steady rental income. Currently, three bedrooms are leased through July 2026, with the fourth bedroom vacant and ready to be rented. Each bedroom features a private en-suite bath and walk-in closet. There is a shared living area, kitchen, washer/dryer as well as a porch and additional storage outside. Three bedrooms are currently leased through 7/31/26 at $625, $600, $600/month each (Potential total income of $2,400/month when fully occupied and upwards of $3200 depending on choice of management and upgrades). Utilities included in rent: Water (capped at $50/unit) and electricity (capped at $100/unit). Water heater replaced March 2024, HVAC/Heat Pump replaced 2015, Roof replaced 2014. Walking distance to Lake Johnson Close to walking trails and North Carolina State University (NCSU). Convenient access to the NC State WolfLine bus route. Quick access to downtown Raleigh and I-40. Community Amenities include Pool, Volleyball and Basketball courts. Please note that there are 3 tenants in the condo so access will be limited and at least 24hr notice is required. Enjoy!

Listing Agent

Kristina Nieshalla

Dwell Raleigh Real Estate License #204978 Listed on: 09/05/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,337

Year Built

  • Built in 1997

HOA Fees

  • $205 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,219 Sq Ft Home
  • Carpet

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • Common or Shared Parking
  • 4 Open Parking Spaces
  • Parking Lot
  • Unassigned Parking

Pool

  • Outdoor Pool

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for association fees
  • Assessor Parcel Number 0783823950

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, pest control, road maintenance, storm water maintenance, trash
  • 4 Units
  • Wilson Property Management Association, Phone Number (919) 859-9552
  • University Commons Lake Pk Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Sport Court
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,337

Year Built

Built in 1997

Lot Details

0

HOA Fees

$205 per month

Listing Details

  • Year Built: 1997
  • Prop. Type: Residential Income
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Pest Control, Road Maintenance, Storm Water Maintenance, Trash
  • Subdivision Name: University Commons Lake Pk
  • Above Grade Finished Sq Ft: 1219.0
  • Entry Level: 3
  • Unit Levels: One
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Appliances Refrigerators: Yes
  • Utilities Cable Available: Yes
  • General Property Information Association Phone: (919) 859-9552
  • General Property Information Monthly Association Fees2: 205.35
  • Roof:Shingle: Yes
  • Utilities Water Connected: Yes
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 1219.0
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Appliances Dishwasher: Yes
  • Community Features:Pool2: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Community Features:Tennis Court(s)2: Yes
  • Community Features:Sidewalks: Yes
  • Appliances:WasherDryer: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes
  • Pool Features:Outdoor Pool: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Common, Parking Lot, Unassigned
  • Parking Features:Parking Lot: Yes
  • Parking Features:Common: Yes
  • Parking Features:Unassigned: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Electric, Forced Air, Heat Pump
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Pool, Sidewalks, Tennis Court(s)
  • Association Fee: 205.35
  • Association Fee Frequency: Monthly
  • Association Name: Wilson Property Management
  • Phone: 919-859-9552
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Wilson Property Management
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Amenities:Basketball Court: Yes
  • Association Fee Includes:Pest Control: Yes
  • Owner Pays:Association Fees: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 205.35
  • Association Amenities:Sport Court: Yes
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Parcel #: 0783823950

Rental Info

  • Tenant Pays: Cable TV, See Remarks
  • Lease Term: 12 Months
  • Owner Pays: Association Fees, See Remarks

Tax Info

  • Tax Annual Amount: 2336.99
  • Tax Year: 2025

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Wake County Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,327 $265,680 $0 $265,680
2023 $1,866 $169,391 $0 $169,391
2022 $1,735 $169,391 $0 $169,391
2021 $1,668 $169,391 $0 $169,391
2020 $1,638 $169,391 $0 $169,391
2019 $1,260 $106,959 $0 $106,959
2018 $1,189 $106,959 $0 $106,959
2017 $1,133 $106,959 $0 $106,959
2016 $1,110 $106,959 $0 $106,959
2015 $1,036 $98,111 $0 $98,111
2014 $983 $98,111 $0 $98,111
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $283,000 -- $232 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $95,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $75,950 Unknown
Source: Public Records

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Source: Doorify MLS

MLS Number: 10120119

Doorify MLS

APN: 0783.16-82-3950-012