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For sale by owner
  • $402,000

    1023 Tea Time Trl, Morrisville, NC 27560

    3beds
    1,832sqft
    : 
    $2,898/mo
    Get pre-qualified
    Townhouse
    Built in 2024
    1,742 Square Feet Lot
    $-- Zestimate®
    $219/sqft
    $232/mo HOA

    What's special

    Large community swimming poolModern ev chargingLarge dog parkTesla wall charger
    Prime RTP Investment Opportunity – Morrisville, NC Welcome to 1023 Tea Time Trail, Morrisville, NC 27560, located in the highly desirable Tanglewood community, right off Page Road and in the heart of the Research Triangle Park (RTP) area. This property offers an exceptional combination of location, convenience, rental income, and investment potential. It is just approximately 2 minutes from Briar Creek, providing easy access to excellent shopping, dining, entertainment, and everyday amenities. The home is also conveniently located near RTP's major technology and corporate employers, making it highly attractive to professionals and long-term renters. One of the property's biggest advantages for investors is that a tenant is already secured with a signed two-year lease through July 2028, providing the potential for stable rental income from day one. The location is hard to beat. RDU International Airport is approximately 5 minutes away, making the property extremely convenient for frequent business and leisure travelers. Major highways and roadways also provide easy access to Raleigh, Durham, Cary, RTP, and surrounding areas. The home includes a Tesla Wall Charger, an excellent modern feature for EV owners and technology-focused renters. Tanglewood Community Amenities The secure and well-maintained Tanglewood community offers attractive amenities, including: A large community swimming pool, typically open for approximately 8 months of the year, with seasonal closure during winter. A large dog park, ideal for pet owners. A welcoming and convenient community environment. Easy access to shopping, restaurants, employment centers, and entertainment. Why This Is a Great Investment This property is particularly attractive because of its strategic location near RTP, major technology companies, RDU Airport, Briar Creek, shopping, dining, and major transportation routes. The existing long-term lease through July 2028 adds additional appeal for investors seeking an established rental property. Reason for Selling The property is being sold only because of a professional relocation to Texas. There is no other reason behind the sale. The property, tenant situation, community, and location have been excellent; the sale is simply due to my career-related move. 1023 Tea Time Trail is a fantastic opportunity for an investor or homeowner looking for a property in one of the most strategically located areas of Morrisville and RTP — combining an excellent location, established rental income, modern EV charging, community amenities, and outstanding access to everything the Triangle has to offer.
    What the owner loves about this home
    Corner Unit, Premium Blinds and lot of natural light inside the home, and EV charging setup in-place for Tesla and can be used for other EVs as well, woods in the back of Master bedroom view, so kind of privacy for any owners. Note: Wall Charger EV Tesla, All Appliances Including Refrigerator, Washer, Dryer everything is included in sale prices.
    42 days
    190
    4
    Listed by:

    Property Owner (361) 228-3891

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3.5
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Gas
      Cooling
      • Central
      Interior area
      • Total interior livable area: 1,832 sqft

      Property

      Lot
      • Size: 1,742 Square Feet
      Details
      • Parcel number: 234028

      Construction

      Type & style
      • Home type: Townhouse
      Condition
      • New construction: No
      • Year built: 2024

      Community & HOA

      HOA
      • Has HOA: Yes
      • HOA fee: $232 monthly
      Location
      • Region: Morrisville

      Financial & listing details

      • Price per square foot: $219/sqft
      • Tax assessed value: $396,281
      • Annual tax amount: $3,928
      • Date on market: 8/25/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,338/mo

        Price history

        DateEventPrice
        8/25/2026Listed for sale$402,000$219/sqft
        Source: Owner Report a problem
        6/25/2026Listing removed$2,050$1/sqft
        Source: Zillow Rentals Report a problem
        6/9/2026Price change$2,050-2.1%$1/sqft
        Source: Zillow Rentals Report a problem
        5/19/2026Price change$2,095-3.7%$1/sqft
        Source: Zillow Rentals Report a problem
        4/28/2026Listed for rent$2,175+6.1%$1/sqft
        Source: Zillow Rentals Report a problem
        3/12/2026Listing removed$2,050$1/sqft
        Source: Zillow Rentals Report a problem
        3/2/2026Price change$2,050-4.7%$1/sqft
        Source: Zillow Rentals Report a problem
        2/6/2026Listed for rent$2,150-4.4%$1/sqft
        Source: Zillow Rentals Report a problem
        12/10/2025Listing removed$2,249$1/sqft
        Source: Zillow Rentals Report a problem
        11/24/2025Price change$2,2490%$1/sqft
        Source: Zillow Rentals Report a problem
        11/20/2025Price change$2,250-0.5%$1/sqft
        Source: Zillow Rentals Report a problem
        11/19/2025Price change$2,2610%$1/sqft
        Source: Zillow Rentals Report a problem
        11/17/2025Price change$2,2620%$1/sqft
        Source: Zillow Rentals Report a problem
        11/11/2025Price change$2,2630%$1/sqft
        Source: Zillow Rentals Report a problem
        11/6/2025Price change$2,2640%$1/sqft
        Source: Zillow Rentals Report a problem
        10/20/2025Price change$2,265-0.4%$1/sqft
        Source: Zillow Rentals Report a problem
        10/10/2025Listed for rent$2,275$1/sqft
        Source: Zillow Rentals Report a problem
        8/9/2024Sold$402,000$219/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,928 $396,281 +119.3%
        2024-- $180,690 +201.1%
        2023$786 $60,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 27560

        Getting around

        9 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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