NOT LISTED FOR SALE

1420 Collegiate Cir Unit 104 Raleigh, NC 27606

Estimated Value: $264,000 - $286,000

4 Beds
4 Baths
1,200 Sq Ft
$184/mo HOA Fee

Last Sold November 25, 2024

Last sale price $298,000 $248 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,925/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • 1-Story Property
  • A. B. Combs Magnet Elementary School Rated A
  • Laundry Room
  • 5-minute walk to Walnut Creek Wetland Park Trailhead

About This Home

As of November 2024

Excellent Investment Opportunity!
4 Bedrooms, 4 Full Bathrooms | First-Floor Condo. Monthy rent income of
$2,400, long-Term Leases. This spacious first-floor condo offers an incredible investment opportunity with a solid long-term lease in place. Each of the four bedrooms includes its own private full bathroom and walk-in closet, providing privacy and convenience for tenants. Recent upgrades include new laminate flooring throughout and brand-new appliances, ensuring a modern and fresh living space. Walking distance to Lake Johnson Close to scenic walking trails and North Carolina State University (NCSU)
Convenient access to the NC State WolfLine bus route. Quick access to downtown Raleigh, I-40, and major commuting routes
Community Amenities include, Pool
Volleyball and basketball courts
Walking trails leading to the lake
This is a fantastic opportunity for a reliable rental income in a desirable location!

Last Listed By

Daxay Malkan

Esteem Properties License #231461 Listed on: 10/10/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,367

Year Built

  • Built in 1998

HOA Fees

  • $184 Monthly HOA Fees

Parking

  • Open Parking

Home Design

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

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Primary bathroom on main floor

Schools

  • Combs Elementary School
  • Centennial Campus Middle School
  • Athens Dr High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0783826312

Community Details

Overview

  • Wilson Property Mgt Association, Phone Number (919) 782-1717
  • University Commons Lake Pk Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,367

Year Built

Built in 1998

Lot Details

0

HOA Fees

$184 per month

Listing Details

  • Year Built: 1998
  • Prop. Type: Residential
  • Reso Association Fee Includes: None
  • Subdivision Name: University Commons Lake Pk
  • Above Grade Finished Sq Ft: 1200.0
  • Architectural Style: Traditional
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Cooling Central Air: Yes
  • Foundation Details Slab: 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 Bedroom 4 Level: Main
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: Main
  • General Property Information Association Phone: (919) 782-1717
  • General Property Information Senior Community YN: No
  • Flooring Laminate: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 184.0
  • Roof:Shingle: Yes
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 1200.0
  • Room Types Primary Bathroom Level: Main
  • Room Types Laundry2: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Total Bedrooms: 11

Exterior Features

  • Roof: Shingle
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Open Parking: Yes
  • General Property Information:Open Parking YN2: Yes

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 184.0
  • Association Fee Frequency: Monthly
  • Association Name: Wilson Property Mgt
  • Phone: 919-782-1717
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Wilson Property Mgt
  • Association Amenities:Pool: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 184.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Parcel #: 0783826312

Rental Info

  • Lease Term: 12 Months

Tax Info

  • Tax Annual Amount: 2367.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - Combs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2021
Sold by
Hao Zisu and Li Qian
Bought by
Smva Investments Llc
Total Days on Market
2
Current Estimated Value
$277,251

Purchase Details

Closed on
Nov 23, 2020
Sold by
Isra Properties Llc
Bought by
Hao Zisu and Li Qian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,400
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2019
Sold by
Jafri Saima
Bought by
Aydin Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2019
Sold by
Luo Cong and Zhu Hong
Bought by
Jafri Saima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2016
Sold by
Berger John R and Berger Catherine L
Bought by
Luo Cong and Zhu Hong

Purchase Details

Closed on
Apr 12, 2013
Sold by
Etheridge James Timothy and Etheridge Victoria
Bought by
Berger John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,600
Interest Rate
3.52%
Mortgage Type
New Conventional

Range of Values:

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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
Smva Investments Llc $218,000 None Available
Hao Zisu $201,000 None Available
Aydin Properties Llc -- None Available
Jafri Saima $165,000 None Available
Luo Cong $115,000 None Available
Berger John R $97,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hao Zisu $160,400
Previous Owner Isra Properties Llc $400,000
Previous Owner Jafri Saima $123,750
Previous Owner Berger John R $77,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Sold $298,000 -2.3% $248 / Sq Ft
10/12/2024 10/12/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $305,000 -- $254 / 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 $2,368 $270,312 $0 $270,312
2023 $1,902 $172,657 $0 $172,657
2022 $1,768 $172,657 $0 $172,657
2021 $1,700 $172,657 $0 $172,657
2020 $1,669 $172,657 $0 $172,657
2019 $1,284 $109,107 $0 $109,107
2018 $0 $109,107 $0 $109,107
2017 $0 $109,107 $0 $109,107
2016 -- $109,107 $0 $109,107
2015 $1,046 $99,123 $0 $99,123
2014 -- $99,123 $0 $99,123
Source: Public Records

Agents Affiliated with this Home

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Source: Doorify MLS

MLS Number: 10057404

Doorify MLS

APN: 0783.16-82-6312-007