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Cotton Mill Condominiums

Cotton Mill Condominiums

Cotton Mill Condominiums
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

614 Capital Blvd
Raleigh, NC 27603
50 Units
2 Stories
1996 Year Built
$328K - $848K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Elevator
  • Conn Elementary Rated A-
  • Views
  • Resident Manager or Management On Site
  • 24 Hour Access
  • Community Storage Space

Historic charm meets modern living in downtown Raleigh

The Cotton Mill Condominiums, completed in 1996, stands as a testament to Raleigh's rich history and contemporary urban living. This two-story structure houses 50 unique units, blending industrial aesthetics with modern comforts. Located in the vibrant Mordecai neighborhood, the Cotton Mill offers residents a slice of downtown living with a strong sense of community. The building's symmetrical facade and central decorative element above the main entrance pay homage to its industrial roots while providing a stylish home for today's city dwellers.

Spacious lofts with character and flexibility

The Cotton Mill Condominiums offers a range of living spaces to suit various needs, from cozy one-bedroom units to expansive three-bedroom homes. The one-bedroom layouts span from 792 to 1,551 square feet, featuring one and a half to two bathrooms, with monthly rents around $1,700. Two-bedroom units, ranging from 1,019 to 1,810 square feet with up to two and a half bathrooms, have recently sold for approximately $550,000. For those requiring more space, three-bedroom options extend from 1,504 to 2,397 square feet, offering two to three bathrooms. Each unit in the Cotton Mill boasts unique characteristics that set it apart. Soaring ceilings, some reaching up to 16 feet, create an airy, open atmosphere. Large windows, often 10 feet tall, flood the spaces with natural light and offer panoramic views of the surrounding cityscape. Many units feature exposed brick walls and wood beams, adding to the industrial chic aesthetic. The open floor plans are ideal for both relaxation and entertaining, with hardwood floors throughout adding warmth and character. Kitchens are equipped with modern amenities, including stainless steel appliances and elegant marble countertops in some units. For added convenience, in-unit washers and dryers are standard. Some of the two-story lofts provide versatile spaces that can be customized to include home offices, media rooms, or additional living areas. Custom closet organizers and stylish light fixtures add both functionality and flair. The primary bedrooms in many units are spacious enough to accommodate both sleeping and work areas, with some featuring walk-in closets for ample storage.

Community-focused amenities with a nod to sustainability

The Cotton Mill Condominiums offers a range of amenities designed to enhance residents' daily lives and foster a sense of community. One of the most distinctive features is the historic tax credit, which allows owners to benefit from reduced property taxes, making urban living more affordable. In line with modern environmental concerns, the building has incorporated solar panels and EV charging stations, catering to eco-conscious residents. For those with green thumbs or an interest in sustainable living, a complimentary compost service is available. The outdoor spaces at Cotton Mill are designed for relaxation and socializing. A community grill station and patio areas provide perfect spots for weekend barbecues or casual gatherings with neighbors. For pet owners, a fenced pet park within the complex offers a safe space for furry friends to exercise and play. Storage solutions are plentiful, with options including dedicated basement storage, storage lockers, and storage cages, ensuring residents have ample space for their belongings beyond their living areas. The building also provides secure entry, adding an extra layer of safety for residents. Parking is well-accommodated with a mix of covered spots and ample outdoor parking, making it convenient for both residents and their guests. The property management team is on-site, ensuring prompt attention to any maintenance needs or resident concerns. Inside the units, comfort is key with air conditioning, heating, and ceiling fans standard in all homes. Many units boast upscale touches like granite countertops and hardwood floors, blending functionality with style.

A vibrant mix of history, culture, and urban convenience

The Mordecai neighborhood, home to the Cotton Mill Condominiums, is steeped in history and brimming with modern amenities. At its heart lies the Mordecai House, a Greek Revival mansion dating back to 1785, now serving as a museum and public green space. This historic landmark, along with the nearby cabin believed to be the birthplace of President Andrew Johnson, provides residents with a tangible connection to the area's rich past. For those who appreciate the outdoors, the neighborhood offers several green spaces. Poplar Spring Park, just a mile away, features a small stream and is perfect for spotting local wildlife. The Mordecai Mini Park, equipped with a playground and swings, is ideal for families with young children. Sports enthusiasts can head to the Halifax Community Center for soccer matches, pickup basketball games, or a workout in the indoor gym. Culinary options abound in the vicinity. Bad Daddy's Burger Bar and Logan's offer casual dining experiences, while the nearby Seaboard Station hosts a variety of eateries. For grocery needs, Publix Super Market on Peace Street is just a short five-minute walk away, ensuring easy access to daily essentials. Shopping enthusiasts will appreciate the proximity to the Shops at Village District, an enduring outdoor mall featuring over 90 boutiques, eateries with outdoor seating, and personal services. It's a perfect destination for a weekend stroll or a day of retail therapy. The neighborhood's strong sense of community is evident in the way residents interact. It's common to see neighbors chatting on front porches, walking their dogs, or cycling along the tree-lined streets. This friendly, outgoing environment creates a small-town feel within the larger urban setting of Raleigh. For cultural experiences, the area around William Peace University offers local haunts, shops, and restaurants, adding to the neighborhood's vibrant atmosphere. The mix of historic homes and modern developments in Mordecai creates a unique architectural landscape, reflecting the area's evolution over time.

Connected living with multiple transit options

The Cotton Mill Condominiums' location offers residents a variety of transportation options, making it easy to navigate both the immediate neighborhood and the greater Raleigh area. For those who prefer public transit, several bus stops are within easy walking distance. The Peace St & Seaboard Station Dr (R9) stop, just a five-minute walk away, serves the Falls of Neuse and Method lines. Similarly close is the Peace St & West St stop, which connects to the Method line. For longer journeys, the Raleigh Union Station is about a 25-minute walk or a quick 5-minute drive. This station serves the Piedmont line, providing connections to other major cities in North Carolina. For air travel, the Raleigh-Durham International Airport is conveniently located about 13 miles away, typically a 25-minute drive. The neighborhood's layout and infrastructure support active transportation as well. The area's moderate bike score suggests that while not a cycling paradise, there are viable routes for those who prefer two wheels. Many streets have sidewalks, making walking a practical option for short trips to nearby amenities. For those who rely on personal vehicles, the Cotton Mill's location provides easy access to major thoroughfares. The neighborhood runs adjacent to U.S. Route 401 and is in close proximity to Interstates 40 and 440, facilitating quick connections to other parts of Raleigh and beyond. The drive to Durham, for instance, is just 25 miles. While a car can be convenient, many daily needs can be met on foot. The high walk score of the area reflects the abundance of amenities within walking distance, from grocery stores and restaurants to parks and entertainment venues. This pedestrian-friendly environment contributes to the neighborhood's lively, community-oriented atmosphere. The combination of walkable streets, public transit options, and easy highway access makes the Cotton Mill Condominiums an excellent choice for those who value flexibility in their commute and daily travels. Whether heading to work, running errands, or exploring the city, residents have multiple transportation options at their disposal.

Building Details

Amenities

  • Views
  • Community Storage Space
  • Resident Manager or Management On Site
  • 24 Hour Access

Parking

  • 1 Garage Space Per Unit
  • 1 Car Garage
  • Off-Street Parking

Condo Association

  • Property has a Home Owners Association
  • Cotton Mill Subdivision

Building Design

  • Elevator

Unit Features

  • Laundry in unit

Unit Information

Beds
Studio
2 Beds
2 Beds
Studio
1 Bed
Studio
1 Bed
2 Beds
2 Beds
2 Beds
Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
Sq Ft
1,320
1,370
1,320
1,992
792
1,320
1,338
1,034
1,504
1,736
Status
Off Market
Off Market
Rented
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Price
--
--
$2,295/mo.
--
--
--
--
--
--
--
Estimated Value
$517,186
$552,112
$563,104
$718,345
$366,401
$564,815
$520,782
$445,734
$630,791
$653,377

Unit Size and Value Ranges

Studio Units
Sq Ft Range
887 - 1,992
Est. Values
$385,746 - $718,345
1 Bedroom Units
Sq Ft Range
792 - 1,551
Est. Values
$327,567 - $601,013
2 Bedroom Units
Sq Ft Range
850 - 1,810
Est. Values
$445,734 - $817,995
3 Bedroom Units
Sq Ft Range
1,504 - 2,397
Est. Values
$601,782 - $847,599
All Units
Sq Ft Range
792 - 2,397
Est. Values
$327,567 - $847,599

Map

Area Factors

Moderate Crime

Crime Score®

5 / 10

Bikeable

Bike Score®

63 / 100

Very Walkable

Walk Score®

82 / 100

Good Transit

Transit Score®

56 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

70 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$302K - $736K
Range of Taxes in Building
$1,436 - $3,467
Range of Taxes per Sq Ft
$1.27 - $2.07

Property Tax History

Source: Public Records
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.