1221 University Ct Unit 304 Raleigh, NC 27606
Estimated payment $1,896/month
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!
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
- Entry on the 3rd floor
- 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
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,337 | $265,680 | -- | $265,680 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | For Sale | $283,000 | -- | $232 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $95,500 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,950 | Unknown |
Source: Doorify MLS
MLS Number: 10120119
APN: 0783.16-82-3950-012
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