For sale

Price cut: $3K (5/5)

$180,000

5602 Falls Of Neuse Rd APT A, Raleigh, NC 27609

2beds

982sqft

$1,338/mo

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Condominium, Residential, Multi Family, Quadruplex

Built in 1972

-- sqft lot

$171,000 Zestimate^®

$183/sqft

$244/mo HOA

What's special

Play areaCommunity poolClub houseTiled floor bathroomsTwo bedrooms

First floor condo in central Raleigh located on bus route and close access to 440/540. Two bedrooms, two full bathrooms with open living room & dining room. Trash, water, sewer, community pool, club house and play area all included in HOA fee! New heat pump 2024, tiled floor bathrooms, oak laminate flooring in liv room, din room, hallway & kitchen. Relax on the newly floored back deck overlooking grass area. Small storage room off deck, Reserved parking space and guest parking next to building. Refrigerator, stove, washer, dryer, dishwasher included. Freshly painted, Move in ready.

254 days

236

11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric, Forced Air, Heat Pump

Cooling

Central Air, Electric, Heat Pump

Appliances

Included: Dishwasher, Electric Oven, Electric Water Heater, Range, Range Hood, Refrigerator, Washer/Dryer Stacked
Laundry: In Hall, Laundry Closet, Main Level

Features

Bathtub/Shower Combination, Laminate Counters, Living/Dining Room Combination, Open Floorplan, Pantry, Master Downstairs, Separate Shower, Smooth Ceilings, Storage, Walk-In Shower, Water Closet, See Remarks
Flooring: Carpet, Combination, Hardwood, Tile
Doors: Sliding Doors
Windows: Blinds, Double Pane Windows, Insulated Windows, Screens
Has fireplace: No
Common walls with other units/homes: End Unit, No Common Walls, No One Below

Interior area

Total structure area: 982
Total interior livable area: 982 sqft
Finished area above ground: 982
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Additional Parking, Asphalt, Guest, Off Street, On Site, Outside, Parking Lot, Paved, Private
Uncovered spaces: 1

Features

Levels: One
Stories: 1
Patio & porch: Deck
Exterior features: Lighting, Private Entrance, Storage
Has private pool: Yes
Pool features: Association, Community, Fenced, Filtered, In Ground, Outdoor Pool, Pool Cover, Private
Fencing: None
Has view: Yes
View description: Neighborhood

Lot

Features: Back Yard, Cleared, Few Trees, Gentle Sloping, Level, Near Public Transit

Details

Additional structures: See Remarks
Parcel number: Unit A
Special conditions: Standard

Construction

Type & style

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

Materials

Brick, Vinyl Siding
Foundation: Slab
Roof: Shingle, See Remarks

Condition

New construction: No
Year built: 1972

Utilities & green energy

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

Community & HOA

Community

Features: Clubhouse, Curbs, Park, Playground, Pool, Sidewalks, Street Lights
Subdivision: The Falls Condominiums

HOA

Has HOA: Yes
Amenities included: Clubhouse, Insurance, Landscaping, Maintenance, Maintenance Grounds, Management, Parking, Pool, Trash, Water
Services included: Insurance, Maintenance Grounds, Road Maintenance, Sewer, Special Assessments, Trash, Water
HOA fee: $244 monthly

Location

Region: Raleigh

Financial & listing details

Price per square foot: $183/sqft
Tax assessed value: $175,283
Annual tax amount: $1,548
Date on market: 11/18/2025
Road surface type: Asphalt, Paved

Estimated market value

$171,000

$162,000 - $180,000

$1,453/mo

Price history

Date	Event	Price
5/5/2026	Price change	$180,000-1.6%$183/sqft
Source: Doorify MLS #10133751 Report a problem
4/6/2026	Price change	$183,000-1.1%$186/sqft
Source: Doorify MLS #10133751 Report a problem
11/18/2025	Listed for sale	$185,000+15.6%$188/sqft
Source: Doorify MLS #10133751 Report a problem
11/14/2023	Sold	$160,000$163/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,549 +0.4%	$175,283
2024	$1,542 +47%	$175,283 +85.7%
2023	$1,049 +7.5%	$94,409
2022	$976 +4%	$94,409
2021	$939 +1.8%	$94,409
2020	$922 +15.6%	$94,409 +40.8%
2019	$797	$67,068
2018	$797 +11.1%	$67,068
2017	$718 +2.1%	$67,068
2016	$703 -2.8%	$67,068 -1.3%
2015	$724 +5.3%	$67,955
2014	$687	$67,955
2013	--	$67,955
2012	--	$67,955
2011	--	$67,955
2010	--	$67,955
2009	--	$67,955
2008	--	--
2007	--	--
2006	--	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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