Sold
Last Sold Price
4 beds1,177 sqft$243/sqft
1511 Graduate Ln, Unit 202, Raleigh, NC 27606
CondoProperty Type
1996Year Built
$243/sq ftPrice per sq ft
$210/moHOA Fees

Description

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...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!
  • Listed by: Naama Shaked • Berkshire Hathaway HomeService
Listing closed: 10/22/2024 08:52 AM • Source: TRIANGLEMLS, MLS#: 10052089

Recent comparable sales

Median sold price

$272,500

Avg days on market

43

Sale-to-list ratio

97.1%

Raleigh, NC

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Location

Listing Courtesy of Berkshire Hathaway HomeService

Sold By AVIAN REALTY GROUP LLC

Add your commute

Payment Calculator

$1,849 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,454

Property Taxes

$186

HOA Dues

$210

The Payment Calculator is for illustrative purposes only.

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Property Information for 1511 Graduate Lane, Unit 202

Property Details
  • Taxes: $2,227 / year
  • MLS Type: Residential / Condominium
  • County: Wake County
  • View: Yes
  • Subdivision: University Commons Condos
Building Information
  • Building/Complex: 1511 Graduate Ln
  • Floor: 2
  • Year Built: 1996
Summary
Location and General Information
  • Directions: From Gorman Street turn into Graduate Lane. Condo is ahead, unit 1511.
  • Subdivision Name: University Commons Condos
  • Latitude: 35.773138
  • Longitude: -78.69027
Taxes and HOA Information
  • Association Fee Includes: Maintenance Grounds, Maintenance Structure, Trash
  • Association: Yes
  • Total HOA Dues: $210.00
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $2,226.57
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 03
  • Restrictive Covenants YN: Yes
Contract Information
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake County Schools
  • Middle Or Junior School: Wake County Schools
  • High School: Wake County Schools
Parking
  • Open Parking: Yes
  • Parking Features: Parking Lot, Unassigned
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 1177.0
  • Architectural Style: Traditional
  • Total Other Area Sq Ft: 0
  • Parcel Number: 03
  • Enhanced Accessible: No
  • Primary Residence YN: No
  • Sold PriceList Price: 1
Property and Assessments
  • New Construction: No
  • Photos Count: 16
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Electricity Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Slab
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Vinyl Siding
Interior Features
  • Levels: One
  • Flooring: Carpet, Vinyl
  • Cooling: Central Air
  • Cooling?: Yes
  • Heating: Forced Air
  • Heating?: Yes
  • Appliances: Dryer, Electric Range, Range Hood, Refrigerator, Washer
  • Laundry Features: In Unit, Laundry Closet
  • Equipment Appliances: Dryer, Electric Range, Range Hood, Refrigerator, Washer
  • Interior: Electricity Connected, Sewer Connected, Water Connected, Parking Lot, Unassigned, Vinyl Siding, In Unit, Laundry Closet
  • Equipment: Dryer, Electric Range, Range Hood, Refrigerator, Washer, In Unit, Laundry Closet, Parking Lot, Unassigned
Room Information
Room Information
  • Rooms Total: 7.0
Room 1
  • Room Dimensions: 11.5 x 9.2
  • Room Width: 9.2
  • Room Length: 11.5
  • Room Level: Main
  • Room Type: Dining Room
Room 2
  • Room Dimensions: 11.5 x 15.3
  • Room Width: 15.3
  • Room Length: 11.5
  • Room Level: Main
  • Room Type: Living Room
Room 3
  • Room Dimensions: 11.4 x 9.8
  • Room Width: 9.8
  • Room Length: 11.4
  • Room Level: Main
  • Room Type: Primary Bedroom
Room 4
  • Room Dimensions: 11.4 x 9.9
  • Room Width: 9.9
  • Room Length: 11.4
  • Room Level: Main
  • Room Type: Bedroom 2
Room 5
  • Room Dimensions: 11.5 x 10
  • Room Width: 10.0
  • Room Length: 11.5
  • Room Level: Main
  • Room Type: Bedroom 3
Room 6
  • Room Dimensions: 11.5 x 12.1
  • Room Width: 12.1
  • Room Length: 11.5
  • Room Level: Main
  • Room Type: Bathroom 4
Room 7
  • Room Dimensions: 7.5 x 8.8
  • Room Width: 8.8
  • Room Length: 7.5
  • Room Level: Main
  • Room Type: Kitchen
Agent
Sale and Listing
  • Property Type: Residential
  • Property Class Name: CrossProperty

Property History for 1511 Graduate Lane, Unit 202

DateEvent & SourcePriceAppreciation
Oct 22, 2024

Sold

TRIANGLEMLS #10052089

Oct 22, 2024

Pending

TRIANGLEMLS #10052089

Oct 21, 2024

Sold

TRIANGLEMLS #10052089

$286,000
DateEvent & SourcePrice
10/22/2024

Sold

TRIANGLEMLS #10052089

10/22/2024

Pending

TRIANGLEMLS #10052089

10/21/2024

Sold

TRIANGLEMLS #10052089

$286,000

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

Public Records for 1511 Graduate Lane, Unit 202

Taxable ValueLand-Additions$254,067Total-
Tax Record2025$2,236 ($186 / month)
Home Facts
Beds0Baths3.5Total Finished SqFt1,224 SqFtAbove Grade Finished SqFt1,224 SqFtStories1Lot Size436 SqFtStyleCondominiumYear Built1996ZoningR-10CountyWAKEAPN0793.09-16-8405 0226569

Schools near 1511 Graduate Lane, Unit 202

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

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1511 Graduate Lane, Unit 202, Raleigh, NC 27606
$286,000
4
1,177
$260,000
4
1,177
$286,000
1,224
$210,500
4
1,240
1,224
1,224
435

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 Berkshire Hathaway HomeService

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