NOT LISTED FOR SALE

2031 Wolfmill Dr Unit 303 Raleigh, NC 27603

South Raleigh Neighborhood

Estimated Value: $333,000

3 Beds
3 Baths
1,173 Sq Ft
$235/mo HOA Fee

Last Sold July 12, 2024

Last sale price $250,000 $213 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,059/month

9 Days on Market

Highlights

  • Property is near public transit
  • Transitional Architecture
  • Walk-In Closet
  • Swift Creek Elementary School Rated A-
  • Sun or Florida Room
  • Breakfast Bar

About This Home

As of July 2024

Discover an exceptional investment opportunity with this top-floor, 3-bedroom University Woods condominium, perfectly designed for NC State University students. Situated just minutes from campus and downtown Raleigh, this turnkey property promises steady rental demand and attractive returns for savvy investors. The top floor advantage offers pleasant views and added privacy from the 3rd-floor. Each spacious bedroom comes with a private bathroom, ensuring maximum convenience and privacy for tenants. Recently upgraded with luxury vinyl plank (LVP) flooring throughout—no carpet means easy maintenance. New toilets and faucets in 2021. Kitchen features painted cabinets, ample counter space, stainless steel appliances (new in 2021), and a raised bar perfect for casual dining. This unit Includes a large gathering area and an additional sunroom, ideal for socializing or studying. Fresh interior paint and ceiling fans. Washer and dryer included. It's student-friendly location is just minutes to NC State campus and downtown Raleigh, making it highly desirable for students. The low HOA fee keeps operating costs down increasing your ROI. With its modern features, private bathrooms, and prime location, expect strong rental income from a steady stream of students seeking quality housing.

Last Agent to Sell the Property

Betsy Simmons

Simmons Realty Group License #224112 Listed on: 06/13/2024

Last Buyer's Agent

Ric Fontenot

Long & Foster Real Estate INC/Raleigh License #326034

Long & Foster Real Estate INC/Raleigh

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,579

Year Built

  • Built in 2002 | Remodeled

HOA Fees

  • $235 Monthly HOA Fees

Home Design

  • Transitional Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,173 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Family Room
  • Combination Dining and Living Room
  • Sun or Florida Room

Kitchen

  • Breakfast Bar
  • Free-Standing Electric Range
  • Range Hood
  • Dishwasher

Flooring

  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry closet
  • Washer and Dryer

Parking

  • 3 Parking Spaces
  • Common or Shared Parking
  • 3 Open Parking Spaces
  • Parking Lot

Location

  • Property is near public transit

Schools

  • Swift Creek Elementary School
  • Dillard Middle School
  • Athens Dr High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater

Community Details

  • Association fees include ground maintenance, maintenance structure
  • Wilson Property Management Association, Phone Number (919) 782-1717
  • University Woods Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0782978648

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,579

Year Built

Built in 2002 | Remodeled

Lot Details

0

HOA Fees

$235 per month

Listing Details

  • Year Built: 2002
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Subdivision Name: University Woods
  • Above Grade Finished Sq Ft: 1173.0
  • Architectural Style: Transitional
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Interior Features BathtubShower Combination: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: Main
  • Flooring Vinyl: Yes
  • Interior Features LivingDining Room Combination: Yes
  • Room Types Sunroom: Yes
  • General Property Information Association Phone: (919) 782-1717
  • Laundry Features Laundry Closet: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 235.0
  • Roof:Shingle: Yes
  • Utilities Water Connected: Yes
  • General Property Information Above Grade Finished Area: 1173.0
  • Cooling Ceiling Fan(s): Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Luxury Vinyl, Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Breakfast Bar, Ceiling Fan(s), Living/Dining Room Combination, Walk-In Closet(s)
  • Appliances: Dishwasher, Free-Standing Electric Range, Free-Standing Refrigerator, Range Hood, Washer/Dryer, Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Total Bedrooms: 5
  • Appliances Dishwasher: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Community Features:Street Lights: Yes
  • Community Features:Sidewalks: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Appliances:Free-Standing Refrigerator: Yes
  • Appliances:WasherDryer: Yes
  • Laundry Features:In Unit: Yes
  • Interior Features:Breakfast Bar: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Window Features:Blinds: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Near Public Transit: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
  • Parking Features: Asphalt, Common, On Site, Parking Lot
  • Total Parking Spaces: 3.0
  • Parking Features:Asphalt2: Yes
  • Parking Features:Parking Lot: Yes
  • Parking Features:Common: Yes
  • Parking Features:On Site: Yes
  • General Property Information:Parking Total: 3.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 3.0

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Electric, Forced Air
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Water Heater: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association Fee: 235.0
  • Association Fee Frequency: Monthly
  • Association Name: Wilson Property Management
  • Phone: 919-782-1717
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Wilson Property Management
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 235.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Zoning: R-10
  • Parcel #: 0782978648

Tax Info

  • Tax Annual Amount: 1578.81
  • Tax Year: 2023

MLS Schools

  • Elementary School: Wake - Swift Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2002
Sold by
Radford Sandra Meade Gailey and Radford James Ray
Bought by
Trailwood Partners
Current Estimated Value
$333,000

Purchase Details

Closed on
Oct 24, 2001
Sold by
Radford Sandra Meade Gailey and Radford James Ray
Bought by
Trailwood Partners

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,846,039
Interest Rate
6.67%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Trailwood Partners -- --
Trailwood Partners $264,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harb George Antalios $150,000
Closed Gaceta Colette C $125,000
Previous Owner Trailwood Partners $3,846,039
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $250,000 -1.1% $213 / Sq Ft
06/23/2024 06/23/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $252,900 -- $216 / 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
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $1,054 $0 $0 $0
2019 $1,054 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $1,054 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10035511

Doorify MLS

APN: 0782.08-97-8648-000