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!
Sold for $286,000
$286,000
1511 Graduate Ln APT 202, Raleigh, NC 27606
4beds
1,177sqft
Condominium, Residential
Built in 1996
-- sqft lot
$266,200 Zestimate®
$243/sqft
$2,684 Estimated rent
Home value
$266,200
$245,000 - $287,000
$2,684/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 01, 2025 at 08:06am
Listed by:
Naama Shaked 919-670-6380,
Berkshire Hathaway HomeService
Bought with:
Anu Patibandla, 325471
AVIAN REALTY GROUP LLC
Source: Doorify MLS,MLS#: 10052089
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Range, Range Hood, Refrigerator, Washer
- Laundry: In Unit, Laundry Closet
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 1,177
- Total interior livable area: 1,177 sqft
- Finished area above ground: 1,177
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Parking Lot, Unassigned
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Has view: Yes
Details
- Parcel number: 03
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium, Residential
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1996
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Raleigh
- Subdivision: University Commons Condos
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $210 monthly
- Amenities included: Maintenance Grounds, Maintenance Structure, Trash
- Services included: Maintenance Grounds, Maintenance Structure, Trash
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2024 | Sold | $286,000+0.4%$243/sqft |
Source:  Doorify MLS #10052089 Report a problem | ||
| 9/19/2024 | Pending sale | $285,000$242/sqft |
Source: Doorify MLS #10052089 Report a problem | ||
| 9/12/2024 | Listed for sale | $285,000+32.6%$242/sqft |
Source: Doorify MLS #10052089 Report a problem | ||
| 4/8/2021 | Sold | $215,000+2.6%$183/sqft |
Source: Doorify MLS #2372747 Report a problem | ||
| 3/22/2021 | Pending sale | $209,500$178/sqft |
Source: Doorify MLS #2372747 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,236 +0.4% | $254,067 |
| 2024 | $2,227 +22.8% | $254,067 +54.5% |
| 2023 | $1,813 +7.6% | $164,473 |
Find assessor info on the county website
Neighborhood: West Raleigh
Nearby schools
GreatSchools rating
- 9/10Combs ElementaryGrades: PK-5Distance: 0.6 mi
- 2/10Centennial Campus MiddleGrades: 6-8Distance: 2.5 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$266,200