Price Reduction
Address
6329 New Market Way, Raleigh, NC
Price
$ 270,000
Property Attributes
  • MLS#10030718
  • TypeCondos
  • CountyWAKE
  • CityRaleigh
  • AreaWake
  • NeighborhoodNorth Ridge Condominiums
  • Zip27615
  • StyleTraditional
  • Year Built1969
  • Taxes$ 1956
  • Price$ 270,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage1393
Data Source:
Triangle MLS (TMLS)
Property Description

Calling all investors! Tremendous North Raleigh condo in popular Northridge Country Club location. The property is already leased for $1850 a month through May 31, 2025. This is a 7.4% annual return against the purchase price—tremendous margins! The current tenant is nearly moved out, and the newest tenant takes occupancy on June 1. The property can be shown up until that point. The home has been dramatically updated and shows extremely well with updated kitchens, baths, flooring, fixtures—you name it! The property is currently investor-owned and was purchased sight unseen, exempt from disclosures. Buyers are advised to do their own diligence prior to presenting offers. This will move quickly!

Elementary School Middle School High School
Wake - North Ridge Elementary School Wake - West Millbrook Middle School Wake - Millbrook High School
Price History
5/22/2024 Listed $300,000
6/12/2024 10% - $270,000

General Features

Interior Features Bathtub/Shower Combination,Ceiling Fan(s),Double Vanity
Sewer Public Sewer
Heating Fireplace(s),Heat Pump
Cooling Ceiling Fan(s),Central Air
Roof Shingle
Appliances Electric Cooktop,Microwave,Water Heater
HOA 286.23
Association Fee Includes Maintenance Grounds,Road Maintenance
Architectural Style Traditional
Construction Materials Brick,Vinyl Siding
Year Built 1969
Stories 2
Levels Two
Rooms {u'RoomType': u'Entrance Hall',u'RoomDescription': None,u'RoomLevel': u'Main',u'RoomKey': u'20240522154720684530000000',u'RoomWidth': 6,u'RoomFeatures': [],u'RoomLength': 8.6,u'RoomDimensions': u'8.6
Property SubType Condominium
Community Features Pool
Assoc Fee Paid Per Monthly
County Wake
New Construction No
Property Type Residential
HOA / Comm Assn Yes
Attached Garage No
Subdivision Name North Ridge Condominiums
Garage Y/N No
Total Rooms 7
Status Active
Directions From 440: Go north on Falls of Neuse Rd. Right on Spring Forest Rd. Left on New Market Way. Left at the last cul-de-sac. From 540: Go south on Falls of Neuse Rd. Left on Spring Forest Rd. Left on
ModificationTimestamp 2024-06-12T22:31:14.000Z
High School Wake - Millbrook
City Raleigh
Buyer Agent Compensation 2.40
View Y/N No
Senior Community Y/N No
Open Parking Spaces 1
Waterfront Y/N No
Carport Y/N No
Elementary School Wake - North Ridge
Property Attached Y/N Yes
Tax Annual Amount 1956.93
Middle/Junior High School Wake - West Millbrook
Ok to Lease 12 Months
Lease Considered Y/N No
Days on Market 22
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Flooring Laminate
Common Walls 1 Common Wall,End Unit
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 1393
Full Baths 2
Half Baths 1
Laundry Features Upper Level
Total Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 3

Exterior Features

Parking Features Open,Parking Lot
Water Source Public
Foundation Details Slab
Spa No
Building Area Total 1393
Open Parking Y/N Yes
Horse Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 27615

Price
AVG $270K
$270K
Taxes
AVG $1,685
$1,956
Visits
AVG 233
288
Data Provided by Inside Real Estate®
Year Built
AVG 1987
1969