Sold
Last Sold Price
3 beds1,393 sqft
6329 New Market Way, Raleigh, NC 27615
CondoProperty Type
1969Year Built
$179/sq ftPrice per sq ft
$286/moHOA Fees
2 carsParking Spaces

Description

Tenant occupied & can only be shown saturdays at 4pm - incredible deal at only $250k! Calling all investors! Tremendous North Raleigh condo in popular Northridge Country Club location. The property is already leased for $1850 a month through May 31, 2025. This is a 7.4% annual return against the purchase price—tremendous margins! The current tenant is nearly moved out, and the newest tenant takes occupancy on June 1. The property can be shown up until that point. The home has been dramatically updated...Tenant occupied & can only be shown saturdays at 4pm - incredible deal at only $250k! Calling all investors! Tremendous North Raleigh condo in popular Northridge Country Club location. The property is already leased for $1850 a month through May 31, 2025. This is a 7.4% annual return against the purchase price—tremendous margins! The current tenant is nearly moved out, and the newest tenant takes occupancy on June 1. The property can be shown up until that point. The home has been dramatically updated and shows extremely well with updated kitchens, baths, flooring, fixtures—you name it! The property is currently investor-owned and was purchased sight unseen, exempt from disclosures. Buyers are advised to do their own diligence prior to presenting offers.
  • Listed by: Jordan Lee 919.475.2944 Jordan@JordanLee.com Brokerage DRE #C22798 • Jordan Lee Real Estate
Listing closed: 08/01/2024 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10030718

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Location

Listing Courtesy of Jordan Lee Real Estate

Sold By EXP Realty LLC

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Payment Calculator

$1,784 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,335

Property Taxes

$163

HOA Dues

$286

The Payment Calculator is for illustrative purposes only.

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Property Information for 6329 New Market Way

Property Details
  • Taxes: $1,957 / year
  • MLS Type: Residential / Condominium
  • County: Wake County
  • Subdivision: North Ridge Condominiums
Building Information
  • Building/Complex: 6329 New Market Way
  • Stories: 2
  • Year Built: 1969
Summary
Location and General Information
  • Directions: From 440: Go north on Falls of Neuse Rd. Right on Spring Forest Rd. Left on New Market Way. Left at the last cul-de-sac. From 540: Go south on Falls of Neuse Rd. Left on Spring Forest Rd. Left on New Market Way. Left at the last cul-de-sac.
  • Subdivision Name: North Ridge Condominiums
  • Latitude: 35.870768
  • Longitude: -78.619053
Taxes and HOA Information
  • Association Fee: $286.23
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Grounds, Road Maintenance
  • Association Name: CAMS
  • Association Phone2: 919-856-1844
  • Association: Yes
  • HOA 1 Fees Required: Yes
  • Tax Annual Amount: $1,956.93
  • City Limits Of: Raleigh
  • Has City Limits: Yes
  • Has Restrictive Covenants: Yes
Contract Information
  • Lease Expiration Date: 2025-05-31
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - North Ridge Elementary
  • Middle Or Junior School: Wake - West Millbrook Middle
  • High School: Wake - Millbrook High
Parking
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Open, Parking Lot
  • Garage: No
Property
Lot Information
  • Building Area Total: 1393.0
  • Architectural Style: Traditional
  • Total Other Area Sq Ft: 0.0
  • Parcel Number: 1717.18-22-8176.065
  • Enhanced Accessible: No
  • Has Main Level Bedrooms: No
  • Has Primary Residence: No
  • Sold PriceList Price: 1.0
Property and Assessments
  • New Construction: No
  • Common Walls: 1 Common Wall, End Unit
  • Community Features: Pool
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
  • Foundation Details: Slab
  • Roof: Shingle
  • New Construction Type: Brick, Vinyl Siding
Interior Features
  • Levels: Two
  • Stories: 2
  • Master Bedroom 1st Floor: No
  • Flooring: Laminate
  • Cooling: Central Air, Ceiling Fan(s)
  • Has Cooling: Yes
  • Heating: Fireplace(s), Heat Pump
  • Has Heating: Yes
  • Appliances: Electric Cooktop, Microwave, Water Heater
  • Laundry Features: Upper Level
  • Interior Features: Ceiling Fan(s), Double Vanity, Bathtub/Shower Combination
Room Information
Room 1
  • Type: Entrance Hall
  • Level: Main
  • Length: 8.6
  • Width: 6.0
Room 2
  • Type: Kitchen
  • Level: Main
  • Length: 10.8
  • Width: 10.0
Room 3
  • Type: Dining Room
  • Level: Main
  • Length: 10.19
  • Width: 10.19
Room 4
  • Type: Family Room
  • Level: Main
  • Length: 19.39
  • Width: 14.4
Room 5
  • Type: Primary Bedroom
  • Level: Second
  • Length: 16.3
  • Width: 11.0
Room 6
  • Type: Bedroom 2
  • Level: Second
  • Length: 11.7
  • Width: 10.0
Room 7
  • Type: Bedroom 3
  • Level: Second
  • Length: 11.6
  • Width: 9.0
Rental
Rental Information
  • Lease Term: 12 Months

Property History for 6329 New Market Way

DateEvent & SourcePriceAppreciation
Aug 1, 2024

Sold

Doorify MLS (fka Triangle MLS) #10030718

$250,000—
Jul 19, 2024

Pending

Doorify MLS (fka Triangle MLS) #10030718

—
Jul 19, 2024

Listed (Active)

Doorify MLS (fka Triangle MLS) #10030718

$300,000—
DateEvent & SourcePrice
08/01/2024

Sold

Doorify MLS (fka Triangle MLS) #10030718

$250,000
07/19/2024

Pending

Doorify MLS (fka Triangle MLS) #10030718

—
07/19/2024

Listed (Active)

Doorify MLS (fka Triangle MLS) #10030718

$300,000

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

Public Records for 6329 New Market Way

Taxable ValueLand-Additions$288,730Total-
Tax Record2025$2,538 ($212 / month)
Home Facts
Beds0Baths2.5Total Finished SqFt1,480 SqFtAbove Grade Finished SqFt1,480 SqFtStories2Lot Size436 SqFtStyleCondominiumYear Built1969Year Renovated2010ZoningR-10CountyWAKEAPN1717.18-22-8176 0123232

Schools near 6329 New Market Way

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
North Ridge Elementary
PublicPK to 5

West Millbrook Middle
Public6 to 8

Millbrook High
Public9 to 12

Phillips 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 Jordan Lee 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.