INVESTORS! NCSU PARENTS AND STUDENTS! Prime Investment Opportunity at University Commons - Lake Park. This 4 BEDROOM+ 4 BATHROOM condo is an excellent opportunity for steady rental income or as a place to call home. Each bedroom features a private en-suite bath and walk-in closet. There is a spacious living area, kitchen, in unit washer/dryer as well as a porch and additional storage outside. NEW PAINT, NEW CARPET, NEW CEILING FANS and DEEP CLEANED, READY TO ENJOY OR RENT. Water heater replaced March 2024, HVAC/Heat Pump replaced 2015, Roof replaced 2014. Walking distance to Lake Johnson Close to walking trails and North Carolina State University (NCSU). Convenient access to the NC State WolfLine bus route. Quick access to downtown Raleigh and I-40. Community Amenities include Pool, Volleyball and Basketball courts.
For sale
$265,000
1221 University Ct APT 304, Raleigh, NC 27606
4beds
1,219sqft
Condominium
Built in 1997
-- sqft lot
$240,600 Zestimate®
$217/sqft
$205/mo HOA
What's special
New paintAdditional storage outsideWalk-in closetNew carpetNew ceiling fans
- 18 days
- 145
- 10
Zillow last checked:
Listing updated:
Listed by:
Kristina Nieshalla 919-696-9622,
Dwell Raleigh Real Estate
Source: Doorify MLS,MLS#: 10191665
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 4
- Main level bedrooms: 4
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Bedroom 4
- Level: Main
Heating
- Electric, Forced Air, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer
- Laundry: In Unit
Features
- Flooring: Carpet
- Common walls with other units/homes: 1 Common Wall,No One Above
Interior area
- Total structure area: 1,219
- Total interior livable area: 1,219 sqft
- Finished area above ground: 1,219
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Common, Parking Lot, Unassigned
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 3
- Patio & porch: Covered, Rear Porch
- Exterior features: Balcony, Storage
Details
- Parcel number: 0783823950
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Pool, Sidewalks, Tennis Court(s)
- Security: Smoke Detector(s)
- Subdivision: University Commons Lake Pk
HOA
- Has HOA: Yes
- Amenities included: Basketball Court, Clubhouse, Pool, Sport Court, Tennis Court(s)
- Services included: Maintenance Grounds, Maintenance Structure, Pest Control, Trash, Road Maintenance, Storm Water Maintenance
- HOA fee: $205 monthly
- HOA name: Wilson Property Management
- HOA phone: 919-859-9552
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $217/sqft
- Tax assessed value: $265,680
- Annual tax amount: $2,435
- Date on market: 9/10/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
Estimated market value
$240,600
$224,000 - $255,000
$1,848/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Listed for sale | $265,000-6.4%$217/sqft |
Source:  Doorify MLS #10191665 Report a problem | ||
| 10/24/2025 | Listing removed | $283,000$232/sqft |
Source: Doorify MLS #10120119 Report a problem | ||
| 9/5/2025 | Listed for sale | $283,000+196.3%$232/sqft |
Source: Doorify MLS #10120119 Report a problem | ||
| 5/3/2006 | Sold | $95,500$78/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,337 +0.4% | $265,680 |
| 2024 | $2,327 +24.7% | $265,680 +56.8% |
| 2023 | $1,866 +7.6% | $169,391 |
| 2022 | $1,735 +4% | $169,391 |
| 2021 | $1,668 +1.8% | $169,391 |
| 2020 | $1,638 +30% | $169,391 +58.4% |
| 2019 | $1,260 | $106,959 |
| 2018 | $1,260 +11.2% | $106,959 |
| 2017 | $1,133 +2.1% | $106,959 |
| 2016 | $1,110 +7.1% | $106,959 +9% |
| 2015 | $1,036 +5.4% | $98,111 |
| 2014 | $983 | $98,111 |
| 2013 | -- | $98,111 |
| 2012 | -- | $98,111 |
| 2011 | -- | $98,111 |
| 2010 | -- | $98,111 |
| 2009 | -- | $98,111 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: West Raleigh
Nearby schools
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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