2020 University Woods Rd Unit 203 Raleigh, NC 27603
South Raleigh Neighborhood
4
Beds
4
Baths
1,322
Sq Ft
$235/mo
HOA Fee
Highlights
- Transitional Architecture
- Double Pane Windows
- Resident Manager or Management On Site
- Swift Creek Elementary School Rated A-
- Living Room
- Laundry Room
About This Home
As of April 2025Investor Alert! This is one of the best cash-flowing properties around—don't miss out! Serious inquiries only—viewings can be tricky, so make sure you're ready with cash or financing in place. Non-warrantable. With rental season for student housing right around the corner, now is the perfect time to jump on this opportunity! One tenant is already in place, with three additional rooms available to rent at $600/month each. Got a student starting college next year? This property offers a safe, convenient place for them to live while generating income every month. Check the documents for financials and projections. Recent updates include: Water heater 2024 and HVAC 2023. These sell quickly so jump fast!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,377
Year Built
- Built in 2000
HOA Fees
- $235 Monthly HOA Fees
Home Design
- Transitional Architecture
- Slab Foundation
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,322 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Living Room
- Dining Room
- Laundry Room
Kitchen
- Built-In Electric Range
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Parking Spaces
- 4 Open Parking Spaces
- Parking Permit Required
- Assigned Parking
Schools
- Swift Creek Elementary School
- Dillard Middle School
- Athens Dr High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Property held in a trust
- Assessor Parcel Number 0792.05-07-7812.031
Community Details
Overview
- Association fees include ground maintenance, trash
- Wilson Management Association, Phone Number (919) 782-1717
- University Woods Subdivision
- Maintained Community
- Community Parking
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2025
Closed on
Mar 28, 2025
Sold by
Hess Family Revocable Living Trust and Hess Andrew Clark
Bought by
Tenacre Llc
Seller's Agent
Armand Lenchek
EXP Realty LLC
Buyer's Agent
Carmelina Hall
Real Broker, LLC - Carolina Collective Realty
List Price
$280,000
Sold Price
$280,000
Views
15
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.04%
Original Mortgage
$182,000
Outstanding Balance
$181,692
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$97,101
Purchase Details
Listed on
Jul 21, 2023
Closed on
Aug 7, 2023
Sold by
Dekel Shoham and Dekel Elya
Bought by
Hess Family Revocable Living Trust
Seller's Agent
Naama Shaked
Berkshire Hathaway HomeService
Buyer's Agent
Robert Helbert
EXP Realty LLC
List Price
$275,000
Sold Price
$275,000
Views
90
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.13%
Purchase Details
Closed on
Jul 3, 2019
Sold by
Sheth Rishabh and Sheth Rupa Raikar
Bought by
Dekel Shoham
Purchase Details
Closed on
Oct 26, 2007
Sold by
Menzies Eric K and Menzies Allyson C
Bought by
Sheth Rishabh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,900
Interest Rate
6.27%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 12, 2004
Sold by
Olsen George and Olsen Sharon
Bought by
Menzies Eric K and Menzies Allyson C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,650
Interest Rate
5.68%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 23, 2001
Sold by
Trailwood Partners
Bought by
Olsen George and Olsen Sharon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,300
Interest Rate
7.16%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $280,000 | Attorneys Title | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $170,000 | None Available | |
| Warranty Deed | $120,000 | None Available | |
| Warranty Deed | $127,000 | -- | |
| Warranty Deed | $120,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $182,000 | New Conventional | |
| Previous Owner | $103,950 | New Conventional | |
| Previous Owner | $113,900 | Unknown | |
| Previous Owner | $204,581 | Unknown | |
| Previous Owner | $120,650 | Unknown | |
| Previous Owner | $113,831 | FHA | |
| Previous Owner | $116,300 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | Sold | $280,000 | 0.0% | $212 / Sq Ft |
| 02/28/2025 02/28/25 | Pending | -- | -- | -- |
| 02/26/2025 02/26/25 | For Sale | $280,000 | 0.0% | $212 / Sq Ft |
| 12/18/2023 12/18/23 | Off Market | $575 | -- | -- |
| 12/14/2023 12/14/23 | Off Market | $275,000 | -- | -- |
| 08/25/2023 08/25/23 | Sold | $275,000 | +47726.1% | $209 / Sq Ft |
| 07/28/2023 07/28/23 | Pending | -- | -- | -- |
| 07/24/2023 07/24/23 | Rented | $575 | 0.0% | -- |
| 07/21/2023 07/21/23 | For Sale | $275,000 | 0.0% | $209 / Sq Ft |
| 07/06/2023 07/06/23 | Under Contract | -- | -- | -- |
| 07/06/2023 07/06/23 | Rented | $575 | 0.0% | -- |
| 05/02/2023 05/02/23 | For Rent | $575 | -- | -- |
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 | $2,377 | $271,420 | $0 | $271,420 |
| 2023 | $1,915 | $173,871 | $0 | $173,871 |
| 2022 | $1,780 | $173,871 | $0 | $173,871 |
| 2021 | $1,712 | $173,871 | $0 | $173,871 |
| 2020 | $1,681 | $173,871 | $0 | $173,871 |
| 2019 | $1,263 | $107,268 | $0 | $107,268 |
| 2018 | $1,192 | $107,268 | $0 | $107,268 |
| 2017 | $1,136 | $107,268 | $0 | $107,268 |
| 2016 | $1,113 | $107,268 | $0 | $107,268 |
| 2015 | $1,276 | $121,250 | $0 | $121,250 |
| 2014 | $1,210 | $121,250 | $0 | $121,250 |
Source: Public Records
Agents Affiliated with this Home
-
Armand Lenchek
Seller's Agent in 2025
Armand Lenchek
EXP Realty LLC
(919) 624-3692
1 in this area
245 Total Sales
-
Dolly Helbert
Seller Co-Listing Agent in 2025
Dolly Helbert
EXP Realty LLC
(919) 610-1705
2 in this area
159 Total Sales
-
Carmelina Hall
C
Buyer's Agent in 2025
Carmelina Hall
Real Broker, LLC - Carolina Collective Realty
(925) 989-0099
1 in this area
73 Total Sales
-
Naama Shaked
Seller's Agent in 2023
Naama Shaked
Berkshire Hathaway HomeService
(919) 670-6380
3 in this area
273 Total Sales
-
Janet Liu
J
Seller's Agent in 2023
Janet Liu
Triangle Investment Realty
(919) 852-0510
30 Total Sales
-
R
Buyer's Agent in 2023
Robert Helbert
EXP Realty LLC
(919) 413-1397
4 in this area
60 Total Sales
Map
Source: Doorify MLS
MLS Number: 10078627
APN: 0792.05-07-7812-031
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