For sale

$262,000

1231 University Ct APT 304, Raleigh, NC 27606

4beds

1,219sqft

$1,797/mo

Get pre-qualified

Condominium, Residential

Built in 1997

-- sqft lot

$253,300 Zestimate^®

$215/sqft

$202/mo HOA

What's special

Basketball courtsGalley kitchenWood laminate flooring throughoutLaundry closetWalk-in closetNewer appliances

INVESTOR ALERT!! Prime investment opportunity - 4 bedroom/ 4 bathroom with large living area, galley kitchen, balcony, laundry closet - the perfect set up for roommates! Each bedroom has a full en suite bathroom and walk-in closet. No carpet! Wood laminate flooring throughout. Newer appliances. HVAC 2022. Washer and Dryer are included. Walking/biking distance to NC State campus, Lake Johnson, hiking trails/greenway, Village District, Farmers Market, downtown Raleigh. WOLFLINE bus route. The Lake Park amenities include: swimming pool, volleyball, basketball courts, playground. Currently ALL 4 bedrooms are leased through July 2027. Steady income of $2300 per month. Wilson Property Management is onsite or you can hire your own management co.

19 days

373

16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

None

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Electric Oven, Electric Range, Free-Standing Electric Range, Oven, Range, Range Hood, Refrigerator, Washer, Washer/Dryer, Water Heater
Laundry: Laundry Closet

Features

Apartment/Suite, Bathtub/Shower Combination, Breakfast Bar, Ceiling Fan(s), Laminate Counters, Living/Dining Room Combination
Flooring: Laminate, Simulated Wood, Vinyl
Common walls with other units/homes: 1 Common Wall

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: 10
Parking features: Common, On Site, Parking Lot, Unassigned
Uncovered spaces: 4

Features

Levels: Three Or More
Stories: 1
Patio & porch: Covered, Porch
Exterior features: Balcony, Lighting, Private Entrance
Pool features: Community
Has view: Yes

Details

Parcel number: 078316823950024 0235620
Zoning: R-10
Special conditions: Trust

Construction

Type & style

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

Materials

Vinyl Siding
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 1997

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Community & HOA

Community

Features: Playground, Pool, Sidewalks
Subdivision: Lake Park

HOA

Has HOA: Yes
Amenities included: Landscaping, Maintenance Grounds, Maintenance Structure, Management, Parking, Pool, Roof Deck, Trash
Services included: Maintenance Grounds, Maintenance Structure, Road Maintenance, Sewer, Trash
HOA fee: $202 monthly

Location

Region: Raleigh

Financial & listing details

Price per square foot: $215/sqft
Tax assessed value: $265,680
Annual tax amount: $2,336
Date on market: 7/25/2026
Lease term: 12 Months

Estimated market value

$253,300

$241,000 - $266,000

$1,912/mo

Price history

Date	Event	Price
7/25/2026	Listed for sale	$262,000+178.7%$215/sqft
Source: Doorify MLS #10182546 Report a problem
11/19/2010	Sold	$94,000$77/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	$98,111
2014	--	$98,111
2013	--	$98,111
2012	--	$98,111
2011	--	$98,111
2010	--	$98,111
2009	--	$98,111
2008	--	--
2007	--	--
2006	--	--