NOT LISTED FOR SALE

1511 Graduate Ln Unit 202 Raleigh, NC 27606

Estimated Value: $243,000 - $288,000

4 Beds
4 Baths
1,177 Sq Ft
$210/mo HOA Fee

Last Sold October 21, 2024

Last sale price $286,000 $243 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,919/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • 1-Story Property
  • A. B. Combs Magnet Elementary School Rated A
  • Laundry closet
  • Forced Air Heating and Cooling System

About This Home

As of October 2024

Don't miss this exceptional investment opportunity! This spacious 4-bedroom, 4-bathroom condo is a true gem, located just 5 minutes from NC State and all that Raleigh has to offer. This 2nd-floor unit has been recently updated with fresh paint, new carpet in select areas, and a 2021 HVAC system, ensuring low maintenance costs for years to come. The carpets have been professionally cleaned, and the condo is empty and move-in ready.

Condos in this area lease for $2,100 during the off-season and up to $2,700 during pre-leasing season, providing strong rental income potential. The HOA takes care of exterior maintenance, roof, grounds, and garbage disposal, making this property an easy, hassle-free investment.
Seize this opportunity now and secure a great return on investment!

Last Listed By

Naama Shaked

Berkshire Hathaway HomeService License #284026 Listed on: 09/12/2024

Berkshire Hathaway HomeService

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,227

Year Built

  • Built in 1996

HOA Fees

  • $210 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,177 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room

Kitchen

  • Electric Range
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Open Parking Spaces
  • Parking Lot
  • Unassigned Parking

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 03

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, trash
  • Wilson Property Mangement Association, Phone Number (919) 782-1717
  • University Commons Condos Subdivision
  • Maintained Community

Amenities

  • Trash Chute

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,227

Year Built

Built in 1996

Lot Details

0

HOA Fees

$210 per month

Listing Details

  • Year Built: 1996
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Trash
  • Subdivision Name: University Commons Condos
  • Above Grade Finished Sq Ft: 1177.0
  • 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
  • Flooring Carpet: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: Main
  • Flooring Vinyl: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: 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: 210.0
  • Roof:Shingle: Yes
  • Utilities Water Connected: Yes
  • General Property Information Above Grade Finished Area: 1177.0
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Dryer, Electric Range, Range Hood, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Total Bedrooms: 7
  • Appliances:Range Hood: Yes
  • Appliances:Electric Range: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Parking Lot, Unassigned
  • Total Parking Spaces: 2.0
  • Parking Features:Parking Lot: Yes
  • Parking Features:Unassigned: Yes
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 210.0
  • Association Fee Frequency: Monthly
  • Association Name: Wilson Property Mangement
  • Phone: 919-782-1717
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Wilson Property Mangement
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Amenities:Maintenance Structure: Yes
  • Association Amenities:Trash: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 210.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Parcel #: 03

Tax Info

  • Tax Annual Amount: 2226.57
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Oct 5, 2024
Sold by
Sun And Wang Family Trust and Sun Yi
Bought by
Baradi Deepti and Baradi Narsimha Reddy
Seller's Agent
Naama Shaked
Berkshire Hathaway HomeService
Buyer's Agent
Anusha Patibandla
AVIAN REALTY GROUP LLC
List Price
$285,000
Sold Price
$286,000
Premium/Discount to List
$1,000
0.35%
Total Days on Market
5
Views
8
Current Estimated Value
$273,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,758
Avg. Annual Appreciation
-8.72%
Original Mortgage
$214,500
Outstanding Balance
$209,818
Interest Rate
5.47%
Mortgage Type
New Conventional
Estimated Equity
$63,424

Purchase Details

Closed on
Apr 6, 2021
Sold by
Klyukhina Liliya and Klyukhina Volodymyr
Bought by
Sun Yi and Wang Guixiang

Purchase Details

Closed on
Nov 1, 2019
Sold by
Polovko Diana
Bought by
Klyukhina Liliya

Purchase Details

Closed on
Aug 14, 2018
Sold by
Stephenson William Boyd and Stephenson Diane M
Bought by
Polovko Diana

Purchase Details

Closed on
May 19, 2006
Sold by
Baucom Crane Iv George William and Baucom Crane Tanya
Bought by
Stephenson William Boyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Baradi Deepti $286,000 Market Title
Sun Yi $215,000 None Available
Klyukhina Liliya -- None Available
Polovko Diana $167,500 None Available
Stephenson William Boyd $103,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baradi Deepti $214,500
Previous Owner Stephenson William Boyd $86,500
Previous Owner Stephenson William Boyd $92,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2024 10/21/24 Sold $286,000 +0.4% $243 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $285,000 -- $242 / 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 $2,227 $254,067 $0 $254,067
2023 $1,813 $164,473 $0 $164,473
2022 $1,685 $164,473 $0 $164,473
2021 $1,620 $164,473 $0 $164,473
2020 $1,591 $164,473 $0 $164,473
2019 $1,354 $115,078 $0 $115,078
2018 $0 $115,078 $0 $115,078
2017 $1,217 $115,078 $0 $115,078
2016 $1,192 $115,078 $0 $115,078
2015 $1,081 $102,460 $0 $102,460
2014 -- $102,460 $0 $102,460
Source: Public Records

Agents Affiliated with this Home

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Source: Doorify MLS

MLS Number: 10052089

Doorify MLS

APN: 0793.09-16-8405-036