1,536 Sq. Ft.
$202 / Sq. Ft.
1,536
Sq. Ft.
$202
per Sq. Ft.

Description

This is a great rental property and has a great history for being rented over the last 20 years. The townhome is in good shape and has been well taken care of. Recently has had roof replaced. 24 hour notice is required. All units are rented until end of lease term which is 7/25/2024. Three of the units are paying $525/month and one is paying $549/month. The 4 new leases have been signed and start 8/14/2024 at $600/month and end 7/25/2025. Owner pays utilities except for internet.This is a great rental property and has a great history for being rented over the last 20 years. The townhome is in good shape and has been well taken care of. Recently has had roof replaced. 24 hour notice is required. All units are rented until end of lease term which is 7/25/2024. Three of the units are paying $525/month and one is paying $549/month. The 4 new leases have been signed and start 8/14/2024 at $600/month and end 7/25/2025. Owner pays utilities except for internet.
  1. Listed by Bo Winn • TradeMark Residential

Property Details for 16 Red Lane

View
Yes
Subdivision
Red Wolf Crossing
HOA Fees
$150.00
LISTING CLOSED: 06/28/2024 11:31 AM

Property Details for 16 Red Lane

StatusClosed
MLS #10029067
Taxes$1,875 / year
HOA Fees$150 / month
Condo/Co-op Fees-
Property Type-
MLS Type-
Year Built2002
Lot Size0.02 AC / 871 SF
CountyWake County

Location

Listing Courtesy of TradeMark Residential

Sold By Redfin Corporation

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Building Information for 16 Red Lane

Stories3Residences1Year Built2002Lot Size0.02 AC / 871 SF

Payment Calculator

$1,851 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,545

Property Taxes

$156

HOA Dues

$150

The Payment Calculator is for illustrative purposes only.

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Property Information for 16 Red Lane

Summary
Location and General Information
  • Zoning: NX-3
  • Directions: Hillsborough Street towards Cary. Pass through the Hillsborough/Western intersection then cross over WEstern Blvd into Red Wolf Crossing. Take a right then take left onto Red Lane. Townhome is on the left.
  • Subdivision Name: Red Wolf Crossing
  • Latitude: 35.78528
  • Longitude: -78.725019
  • Road Surface Type: Asphalt
Taxes and HOA Information
  • Association Fee Includes: Maintenance Grounds
  • Association: Yes
  • Total HOA Dues: $150.00
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $1,875.18
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 3
  • Restrictive Covenants YN: Yes
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2024-07-25
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 21
  • Due Diligence Expiration Date: 2024-06-12
School Information
  • Elementary School: Wake County Schools
  • Middle Or Junior School: Wake County Schools
  • High School: Wake County Schools
Parking
  • Open Parking: No
  • Parking Features: Assigned, Paved, Permit Required
  • Carport: No
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 1536.0
  • Architectural Style: Transitional
  • Total Other Area Sq Ft: 0
  • Parcel Number: 0784105854
  • Structure Type: Townhouse
  • Sold PriceList Price: 1
Property and Assessments
  • New Construction: No
  • Photos Count: 24
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Common Walls: No One Above
  • Community Features: None
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Cable Available, Electricity Available, Water Available
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Fencing: None
  • Foundation Details: Slab
  • Patio And Porch Features: None
  • Pool Features: None
  • Pool Private: No
  • Roof: Asphalt
  • New Construction Type: Vinyl Siding, Townhouse
Interior Features
  • Levels: Tri-Level
  • Stories: 3
  • Fireplace Y N: No
  • Flooring: Carpet, Tile, Vinyl
  • Cooling: Central Air
  • Cooling?: Yes
  • Heating: Central
  • Heating?: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Water Heater, Refrigerator
  • Laundry Features: Laundry Closet
  • Interior Features: Bathtub/Shower Combination, Eat-in Kitchen
  • Spa Features: None
  • Spa: No
  • Equipment Appliances: Dishwasher, Electric Oven, Electric Water Heater, Refrigerator
  • Interior: Cable Available, Electricity Available, Water Available, Assigned, Paved, Permit Required, Vinyl Siding, Laundry Closet
  • Equipment: Dishwasher, Electric Oven, Electric Water Heater, Refrigerator, Laundry Closet, Assigned, Paved, Permit Required
Multi Family
Unit Information
  • Total Units: 1
Agent
Sale and Listing
  • Property Type: Residential Income
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: 3 To 6 Months
  • TenantPays: All Utilities
Units Information
Unit One
  • Unit One: Actual Rent: 600.0
  • Unit One: Baths Total: 1.0
  • Unit One: Beds Total: 1.0
  • Unit One: Garage Attached YN: false
  • Unit One: Unit Type: 1 Bedroom
Unit Two
  • Unit Two: Actual Rent: 600.0
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 1.0
  • Unit Two: Unit Type: 1 Bedroom
Unit Three
  • Unit Three: Actual Rent: 600.0
  • Unit Three: Baths Total: 1.0
  • Unit Three: Beds Total: 1.0
Unit Four
  • Unit Four: Actual Rent: 600.0
  • Unit Four: Baths Total: 1.0
  • Unit Four: Beds Total: 1.0

Property History for 16 Red Lane

DateEvent & SourcePriceAppreciation
Jun 28, 2024

Sold

TRIANGLEMLS #10029067

Jun 28, 2024

Pending

TRIANGLEMLS #10029067

Jun 27, 2024

Sold

TRIANGLEMLS #10029067

$310,000
DateEvent & SourcePrice
06/28/2024

Sold

TRIANGLEMLS #10029067

06/28/2024

Pending

TRIANGLEMLS #10029067

06/27/2024

Sold

TRIANGLEMLS #10029067

$310,000

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

Public Records for 16 Red Lane

Taxable ValueLand$55,000Additions$202,338Total$257,338
Tax Record2025$2,264 ($189 / month)
Home Facts
Beds0Baths3.5Total Finished SqFt1,536 SqFtAbove Grade Finished SqFt1,536 SqFtStories3Lot Size871 SqFtStyleTownhouseYear Built2002ZoningNX-3CountyWAKEAPN0784.17-10-5854 0301153

Schools near 16 Red Lane

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
Farmington Woods Elementary
PublicPK to 5

Martin 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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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 TradeMark Residential

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