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
Map
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Home Values in the Area
Average Home Value in this Area
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 |
| 01/31/2025 01/31/25 | For Rent | $600 | +4.3% | -- |
| 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
| 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
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
Deed 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
Similar Homes in Raleigh, NC
Source: Doorify MLS
MLS Number: 10078627
APN: 0792.05-07-7812-031
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