NOT LISTED FOR SALE

Estimated Value: $344,000 - $480,000

1 Bed
1.5 Baths
958 Sq Ft
$324/mo HOA Fee

Last Sold September 25, 2024

Last sale price $367,000 $383 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,787/month

13 Days on Market

Highlights

  • City View
  • Open Floorplan
  • Bamboo Flooring
  • Joyner Elementary School Rated A-
  • Contemporary Architecture
  • 4-minute walk to Moore Square

About This Home

As of September 2024

Embrace contemporary urban living at its finest! This stunning, two-level penthouse condo in the heart of Downtown Raleigh offers a perfect blend of style, comfort, and convenience. Work at Red Hat? You can live in the very same block as HQ!

Upon entering, you'll be greeted by a freshly painted modern living space, featuring an open floor plan and oversized windows that flood the recently re-sealed concrete floors with natural light. The sleek, contemporary design of this building perfectly complements the city views visible from the living room and expansive top-floor bedroom.

The kitchen is an entertainer's dream, boasting high-end appliances, ample storage, and gorgeous quartz countertops. Step out onto the private balcony to enjoy your morning coffee or evening cocktails while taking in the bustling cityscape. Leave the sliding glass doors open and enjoy every meal al-fresco!

Woven into the vibrant energy of downtown Raleigh, there's an array of dining, entertainment, and cultural options quite literally at your doorstep! Just leave the car in the secure, attached parking garage with one assigned space. Investors will enjoy no rental cap and years of recent rental history.

Last Listed By

Roy Ellis

Compass -- Chapel Hill - Durham License #294150 Listed on: 08/15/2024

Compass -- Chapel Hill - Durham

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,418

Year Built

  • Built in 2006

HOA Fees

  • $324 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Modernist Architecture
  • Brick Veneer
  • Permanent Foundation
  • Membrane Roofing

Interior Spaces

  • 958 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Bamboo
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Joyner Elementary School
  • Moore Square Museum Middle School
  • Broughton High School

Additional Features

  • Terrace
  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1703776034 034

Community Details

Overview

  • Association fees include sewer, trash, water
  • Palladium Plaza HOA, Phone Number (919) 821-1350
  • Palladium Plaza Condos
  • Palladium Plaza Subdivision
  • Community Parking

Additional Features

  • Trash Chute
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,418

Year Built

Built in 2006

Lot Details

0

HOA Fees

$324 per month

Parking

1

Listing Details

  • Building Name: Palladium Plaza
  • Year Built: 2006
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso Association Fee Includes: Sewer, Trash, Water
  • Subdivision Name: Palladium Plaza
  • Above Grade Finished Sq Ft: 958.0
  • Architectural Style: Contemporary, Modernist
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Levels Two: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • General Property Information Association Phone: 919-821-1350
  • Architectural Style Contemporary: Yes
  • Flooring Bamboo: Yes
  • Architectural Style Modernist: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 324.45
  • Utilities Water Connected: Yes
  • General Property Information Above Grade Finished Area: 958.0
  • General Property Information Carport YN: No
  • Flooring Concrete3: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Foundation Details Permanent: Yes
  • Security Features Key Card Entry: Yes
  • General Property Information Building Name: Palladium Plaza
  • General Property Information Stories2: 2
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Flooring: Bamboo, Concrete, Tile
  • Interior Amenities: Open Floorplan, Quartz Counters, Recessed Lighting
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Washer
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Recessed Lighting: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Membrane
  • Disclosures: Seller Disclosure
  • Common Walls: 2+ Common Walls
  • Construction Type: Brick Veneer
  • Foundation Details: Permanent
  • Patio And Porch Features: Terrace
  • Construction Materials:Brick Veneer: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Patio And Porch Features:Terrace: Yes
  • View:City3: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Open Parking: No
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 1.0
  • Parking Features:Garage: Yes
  • Parking Features:Assigned: Yes
  • Association Amenities:Parking: Yes
  • General Property Information:Garage Spaces: 1.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 1.0
  • General Property Information:Open Parking YN2: No

Utilities

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

Condo/Co-op/Association

  • Association Fee: 324.45
  • Association Fee Frequency: Monthly
  • Association Name: Palladium Plaza HOA
  • Phone: 919-821-1350
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Palladium Plaza HOA
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Fee Includes:Sewer: Yes
  • Association Amenities:Trash: Yes
  • Association Amenities:Water: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 324.45
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Broughton
  • Middle Or Junior School: Wake - Moore Square Museum

Lot Info

  • Parcel #: 1703776034 034

Tax Info

  • Tax Annual Amount: 3418.01
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - Joyner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Sep 23, 2024
Sold by
Faison Heather A and Mitchell Nikita
Bought by
Zadeh Sena
Seller's Agent
Roy Ellis
Compass -- Chapel Hill - Durham
Buyer's Agent
Johnny Chappell
Compass -- Raleigh
List Price
$374,900
Sold Price
$367,000
Premium/Discount to List
-$7,900
-2.11%
Total Days on Market
13
Views
24
Current Estimated Value
$390,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,862
Avg. Annual Appreciation
11.47%
Original Mortgage
$240,000
Outstanding Balance
$234,843
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$156,019

Purchase Details

Closed on
Dec 10, 2018
Sold by
Hunt Glenn R and Ortiz Herman
Bought by
Mitchell Nikita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,750
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2008
Sold by
Peterson Barry T and Peterson Mark Elizabeth
Bought by
Hunt Glenn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2007
Sold by
White Oak Palladium Llc
Bought by
Peterson Barry T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,354
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

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
Zadeh Sena $367,000 None Listed On Document
Mitchell Nikita $285,000 None Available
Hunt Glenn R $238,000 None Available
Peterson Barry T $219,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zadeh Sena $240,000
Previous Owner Mitchell Nikita $273,325
Previous Owner Mitchell Nikita $270,750
Previous Owner Hunt Glenn R $186,400
Previous Owner Hunt Glenn R $188,000
Previous Owner Peterson Barry T $207,354
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2024 09/25/24 Sold $367,000 -2.1% $383 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $374,900 -- $391 / 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 $3,418 $362,841 $0 $362,841
2023 $3,481 $296,124 $0 $296,124
2022 $3,251 $296,124 $0 $296,124
2021 $3,032 $296,124 $0 $296,124
2020 $2,979 $296,124 $0 $296,124
2019 $2,548 $206,935 $0 $206,935
2018 $2,411 $206,935 $0 $206,935
2017 $2,303 $206,935 $0 $206,935
2016 $2,258 $206,935 $0 $206,935
2015 $2,450 $218,101 $0 $218,101
2014 $2,333 $218,101 $0 $218,101
Source: Public Records

Agents Affiliated with this Home

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Source: Doorify MLS

MLS Number: 10047155

Doorify MLS

APN: 1703.43-77-6034-034