Sold
Last Sold Price
4 beds1,200 sqft
1431 Collegiate Cir, Unit 302, Raleigh, NC 27606
CondoProperty Type
1998Year Built
$217/sq ftPrice per sq ft
$184/moHOA Fees
2 carsParking Spaces

Description

No showings. Tenant occupied and only can see the property once under contract. Attention seasoned investors who understand the hassles and expenses associated with the traditional rental model. This turnkey multifamily investment comes with an innovative, proven rental model that minimizes background/income check hassles as well as the high cost of marketing for tenants, vacancies and evictions while providing a service to the less fortunate! Act now and lock in an immediate and consistent return...No showings. Tenant occupied and only can see the property once under contract. Attention seasoned investors who understand the hassles and expenses associated with the traditional rental model. This turnkey multifamily investment comes with an innovative, proven rental model that minimizes background/income check hassles as well as the high cost of marketing for tenants, vacancies and evictions while providing a service to the less fortunate! Act now and lock in an immediate and consistent return on your investment. Or cancel the leases and implement your own model. Either way you win! Ask your agent to download and forward the documents in the MLS explaining this successfully proven model and current rent rolls or call the listing broker. Current monthly rent totals $2,050. Security deposits total $3,850 and convey at settlement.
  • Listed by: David Wilson 919.844.1152 david@carolinaschoice.com Brokerage DRE #C13689 • Carolina's Choice Real Estate
  • Listed by: Shelley Allen 919.736.6393 shelley@carolinaschoice.com Brokerage DRE #C13689 • Carolina's Choice Real Estate
Listing closed: 07/09/2024 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10002881

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Location

Listing Courtesy of Carolina's Choice Real Estate

Sold By Guru Realty Inc.

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Payment Calculator

$1,729 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,388

Property Taxes

$157

HOA Dues

$184

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Property Information for 1431 Collegiate Circle, Unit 302

Property Details
  • Taxes: $1,884 / year
  • MLS Type: Residential / Condominium
  • County: Wake County
  • Subdivision: University Commons Lake Pk
Building Information
  • Building/Complex: 1431 Collegiate Cir
  • Stories: 1
  • Year Built: 1998
Summary
Location and General Information
  • Directions: GPS
  • Subdivision Name: University Commons Lake Pk
  • Latitude: 35.762174
  • Longitude: -78.699823
Taxes and HOA Information
  • Association Fee: $184.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Association Name: Wilson Property Mgt
  • Association Phone2: (919) 782-1717
  • Association: Yes
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $1,883.90
  • City Limits Of: Raleigh
  • Has City Limits: Yes
  • Has Restrictive Covenants: Yes
Contract Information
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: No
  • Years Owned: 1 or More Year(s)
  • Due Diligence Expiration Date: 2024-05-13
School Information
  • Elementary School: Wake - Combs Elementary
  • Middle Or Junior School: Wake - Centennial Campus Middle
  • High School: Wake - Athens Drive High
Parking
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Parking Lot
  • Garage: No
Property
Lot Information
  • Building Area Total: 1200.0
  • Architectural Style: Traditional
  • Total Other Area Sq Ft: 0.0
  • Parcel Number: 0783.20-92-0457.009
  • Enhanced Accessible: No
  • Has Main Level Bedrooms: Yes
  • Has Primary Residence: No
  • Sold PriceList Price: 0.95
  • Unit Type: 4 Bedroom Or More
Property and Assessments
  • New Construction: No
  • Community Features: Pool
  • Property Condition: Fixer
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Association Amenities: Basketball Court, Maintenance Grounds, Maintenance Structure
  • Construction Materials: Vinyl Siding
  • Foundation Details: Permanent
  • Patio And Porch Features: Covered
  • Pool Features: Swimming Pool Com/Fee
  • Roof: Shingle
  • New Construction Type: Vinyl Siding
Interior Features
  • Levels: One
  • Stories: 1
  • Master Bedroom 1st Floor: Yes
  • Flooring: Carpet, Vinyl
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air
  • Has Heating: Yes
  • Appliances: Dryer, Dishwasher, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Laundry Features: Laundry Closet
  • Interior Features: Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen
Room Information
Room 1
  • Type: Entrance Hall
  • Level: Main
Room 2
  • Type: Living Room
  • Level: Main
Room 3
  • Type: Kitchen
  • Level: Main
Room 4
  • Type: Primary Bedroom
  • Level: Main
Room 5
  • Type: Bedroom 2
  • Level: Main
Room 6
  • Type: Bedroom 3
  • Level: Main
Room 7
  • Type: Bedroom 4
  • Level: Main

Property History for 1431 Collegiate Circle, Unit 302

DateEvent & SourcePriceAppreciation
Jul 9, 2024

Sold (Public Record)

Public Record #1535529963

$260,000

+10.4% / yr

Jul 9, 2024

Sold

Doorify MLS (fka Triangle MLS) #10002881

$260,000—
May 5, 2024

Pending

Doorify MLS (fka Triangle MLS) #10002881

—
DateEvent & SourcePrice
07/09/2024

Sold (Public Record)

Public Record #1535529963

$260,000

+10.4% / yr

07/09/2024

Sold

Doorify MLS (fka Triangle MLS) #10002881

$260,000
05/05/2024

Pending

Doorify MLS (fka Triangle MLS) #10002881

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1431 Collegiate Circle, Unit 302

Taxable ValueLand-Additions$267,996Total-
Tax Record2025$2,357 ($196 / month)
Home Facts
Beds0Baths3.5Total Finished SqFt1,219 SqFtAbove Grade Finished SqFt1,219 SqFtStories1StyleCondominiumYear Built1998ZoningR-10CountyWAKEAPN0783.20-92-0457 0245749

Schools near 1431 Collegiate Circle, Unit 302

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Combs Elementary
PublicPK to 5

Centennial Campus Middle
Public6 to 8

Athens Drive High
Public9 to 12

SCORE Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carolina's Choice Real Estate

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.