For sale

$160,000

1231 Teakwood Pl #1231, Raleigh, NC 27606

2beds

1,262sqft

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Condominium, Residential

Built in 1972

-- sqft lot

$154,500 Zestimate^®

$127/sqft

$293/mo HOA

What's special

Opportunity awaits at 1231 Teakwood Place! Located in desirable West Raleigh, this 2-bedroom, 3-bathroom two-story condominium offers an excellent opportunity for buyers looking to add their personal touch and build equity. Featuring a functional floor plan and a private wooded backdrop, this home provides a solid foundation for renovation and customization. Conveniently situated near NC State University, the Wolfline, shopping, dining, and major routes to both Raleigh and Cary, the location is hard to beat. Whether you're a first-time buyer, investor, or someone looking for a project with great potential, this property presents a rare chance to create value in a sought-after area. As an added benefit, the preferred lender is offering up to $1,600 toward the buyer's closing costs, making homeownership even more attainable.

37 days

566

39

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Electric

Cooling

Central Air

Appliances

Included: Electric Range, Electric Water Heater, Range Hood
Laundry: Electric Dryer Hookup, In Hall, Laundry Closet, Upper Level

Features

Flooring: Carpet, Hardwood, Tile
Has fireplace: No
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 1,262
Total interior livable area: 1,262 sqft
Finished area above ground: 1,149
Finished area below ground: 113

Property

Parking

Total spaces: 2
Parking features: Open
Uncovered spaces: 2

Features

Levels: Two
Stories: 2
Pool features: Community
Has view: Yes

Details

Parcel number: 078307792872224 0146196
Zoning: RX-3
Special conditions: Standard

Construction

Type & style

Home type: Condo
Architectural style: Traditional
Property subtype: Condominium, Residential
Attached to another structure: Yes

Materials

Brick, Cedar
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 1972

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Pool
Subdivision: Driftwood Manor

HOA

Has HOA: Yes
Amenities included: Pool
Services included: Maintenance Grounds, Water
HOA fee: $293 monthly

Location

Region: Raleigh

Financial & listing details

Price per square foot: $127/sqft
Annual tax amount: $1,670
Date on market: 6/4/2026

Estimated market value

$154,500

$147,000 - $162,000

$1,574/mo

Price history

Date	Event	Price
6/4/2026	Listed for sale	$160,000+122.2%$127/sqft
Source: Doorify MLS #10171795 Report a problem
5/5/2017	Sold	$72,000$57/sqft
Source: Doorify MLS #2114142 Report a problem

Public tax history

Tax history is unavailable.

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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