NOT LISTED FOR SALE

1440 Collegeview Ave Unit 202 Raleigh, NC 27606

Estimated Value: $282,000 - $307,000

4 Beds
4 Baths
1,261 Sq Ft
$250/mo HOA Fee

Last Sold September 15, 2022

Last sale price $278,000 $220 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,979/month

4 Days on Market

Highlights

  • Deck
  • Transitional Architecture
  • Bathtub with Shower
  • Weatherstone Elementary School Rated A
  • Great Room
  • 1-Story Property

About This Home

As of September 2022

Investor's dream. 4BR 4BA second floor condo. Turnkey opportunity with lease in place through 6/30/23 $1760 per month. Quiet second floor location near Centennial and Main campus. Near bus lines for NCSU. Tenants pay electric & internet. HOA covers water & trash. All appliances convey.

Last Agent to Sell the Property

Laura Bourbonnais

NorthGroup Real Estate, Inc. License #270409 Listed on: 08/11/2022

NorthGroup Real Estate, Inc.

Last Buyer's Agent

George Wilson

LPT Realty, LLC License #223959

LPT Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,619

Year Built

  • Built in 1999

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Transitional Architecture
  • Entry on the 2nd floor
  • Vinyl Siding

Interior Spaces

  • 1,261 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Great Room
  • Family Room
  • Combination Kitchen and Dining Room
  • Carpet

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Weatherstone Elementary School
  • Ledford Middle School
  • Athens Dr High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Association fees include ground maintenance, maintenance structure, water
  • University Glen Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,619

Year Built

Built in 1999

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Year Built: 1999
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Water
  • Subdivision Name: University Glen
  • Above Grade Finished Sq Ft: 1261.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features KitchenDining Room Combination: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Great Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • General Property Information Above Grade Finished Area: 1261.0
  • General Property Information Carport YN: No
  • General Property Information:Living Area3: 1261.0
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Kitchen/Dining Room Combination
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Washer
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Entry Location: 2nd Floor
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Community Features:Street Lights: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot
  • Parking Features:Parking Lot: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 250.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Water2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 250.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Athens Dr
  • Middle Or Junior School: Davidson - Ledford

Lot Info

  • Lot Dimensions: 0

Tax Info

  • Tax Annual Amount: 1619.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - Weatherstone

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Sep 15, 2022
Sold by
Greentegrity Land Investment Llc
Bought by
Rainey James Leonard
Seller's Agent
Laura Bourbonnais
NorthGroup Real Estate, Inc.
Buyer's Agent
George Wilson
LPT Realty, LLC
List Price
$275,000
Sold Price
$278,000
Premium/Discount to List
$3,000
1.09%
Current Estimated Value
$292,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,177
Avg. Annual Appreciation
1.55%
Original Mortgage
$240,000
Outstanding Balance
$228,806
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$63,371

Purchase Details

Closed on
Oct 21, 2015
Sold by
Solihin Yan and Lim Lie Hwa
Bought by
Greentegrity Land Investment Llc

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
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 16, 2006
Sold by
Irrevocable Nieto Diane and Irrevocable Frances W Ferguson
Bought by
Solihin Yan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.14%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rainey James Leonard $278,000 --
Rainey James Leonard $278,000 None Listed On Document
Greentegrity Land Investment Llc -- Attorney
Solihin Yan $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rainey James Leonard $240,000
Closed Rainey James Leonard $240,000
Previous Owner Greentegrity Land Investment Llc $80,000
Previous Owner Solihin Yan $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $278,000 -- --
09/15/2022 09/15/22 Sold $278,000 +1.1% $220 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $275,000 -- $218 / 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 $2,360 $268,348 -- $268,348
2024 $2,351 $268,348 $0 $268,348
2023 $1,812 $164,364 $0 $164,364
2022 $1,684 $164,364 $0 $164,364
2021 $1,619 $164,364 $0 $164,364
2020 $1,590 $164,364 $0 $164,364
2019 $1,485 $126,427 $0 $126,427
2018 $1,401 $126,427 $0 $126,427
2017 $1,335 $126,427 $0 $126,427
2016 $1,308 $126,427 $0 $126,427
2015 -- $123,225 $0 $123,225
2014 -- $123,225 $0 $123,225
Source: Public Records

Agents Affiliated with this Home

  • Laura Bourbonnais

    Seller's Agent in 2022

    Laura Bourbonnais

    NorthGroup Real Estate, Inc.

    (919) 576-3355

    56 Total Sales

    Laura Bourbonnais
    Section Image
  • George Wilson

    Buyer's Agent in 2022

    George Wilson

    LPT Realty, LLC

    (919) 439-0965

    115 Total Sales

    George Wilson
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2467916

Doorify MLS

APN: 0793.06-38-2541-018

North Carolina Wake County Raleigh 27606

1440 Collegeview Ave Unit 202, Raleigh, NC

Not Listed for Sale

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