2 months on rocket

1240 Teakwood Pl, Raleigh, NC, 27606

$190,000

Home List Price

$2,256*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,082 SqFt
$176/SqFt
Condo
Schools Nearby

Location

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1240 Teakwood Pl, Raleigh$190,000

Buyer Closing Credits

$2,256*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1972
HeatingForced Air
CoolingCentral Air
MLS #10019797
StatusActive

About 1240 Teakwood Pl

Investor Alert!! 2BR townhome style condo available in always popular Driftwood Manor. Currently leased for $1100/mo. Great opportunity to add an already leased up property to your portfolio!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1972
  • Living Area: 1,082 SqFt

Listing Office:

  • Office Name: V.G. Murray & Company
  • Office Phone: (919) 832-5350
  • Listing Agent: Summer Hunt-Goldstein, V.G. Murray

Interior Features

Interior Information:

  • Flooring Type: Carpet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Athens Drive High School, Public District Grades 9-12
  • Wake Early College of Health and Science, Public District Grades 9-12
  • East Cary Middle School, Public District Grades 6-8
  • Adams Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From 440 take Western Blvd toward Cary. Left on Deboy. Left on Schaub Dr. Right on Teawood Pl.

Price Information

Listing Price Info

Price Summary:

  • List Price: $190,000
  • Price Per SqFt: $176/SqFt

HOA Fees:

  • Amount: $266
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,060
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Raleigh, NC.

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Raleigh, NC

City

Med. Sold Price

$430.1K

Med. Price/SqFt

$230

Avg. Days On Market

28

# of Sold Homes

570

1240 Teakwood Pl vs Raleigh

60 DAYS ON ROCKET

+32 Days

$190,000

-$240.1K Less

$176/SqFt

-$55 Less

KEY TAKEAWAY

This property is $240.1K less than the Median Sold Price and $55/SqFt less than other homes in Raleigh, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10019797

Listing Office:

  • Office Name: V.G. Murray & Company
  • Office Phone: (919) 832-5350
  • Listing Agent: Summer Hunt-Goldstein, V.G. Murray

IDX Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 2:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,060$106,874
2020$917$106,874
2019$562$58,876
2018$537$58,876

History based on county public records data.

Payment Calculator

$1,282

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$636

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3729776
6
/10

  • Adams Elementary School

  • 805 Cary Towne Blvd

  • 3.26 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3729777
4
/10

  • East Cary Middle School

  • 1111 SE Maynard Rd

  • 3.45 miles

  • Public District Grades 6-8

High School

school-card-donut-3729778
7
/10

  • Athens Drive High School

  • 1420 Athens Dr

  • 1.16 miles

  • Public District Grades 9-12

school-card-donut-3729779
10
/10

  • Wake Early College of Health and Science

  • 2901 Holston Ln

  • 6.69 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,527. The majority of Raleigh, NC residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1240 Teakwood Pl

What is the listing price of this property?

The listing price of 1240 Teakwood Pl property is $190,000.

What type of property is this?

The property 1240 Teakwood Pl is a condo located in Raleigh, North Carolina, 27606.

Is this property for sale now?

Active Listing: 1240 Teakwood Pl is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1240 Teakwood Pl are:
Adams Elementary School: GreatSchools Rating 6/10
East Cary Middle School: GreatSchools Rating 4/10
Athens Drive High School: GreatSchools Rating 7/10
Wake Early College of Health and Science: GreatSchools Rating 10/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,060 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1240 Teakwood Pl has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1240 Teakwood Pl is 1,082 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1240 Teakwood Pl is 1972.

Rocket Homes›North Carolina›Wake County›Raleigh›27606›1240 Teakwood Pl

This home is located at 1240 Teakwood Pl in Raleigh, NC and zip code 27606 in the West Raleigh neighborhood. This 1,082 square foot home was built in 1972. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $190,000.

In April 2024 more than 197 listings in Raleigh, NC were sold above the asking price. During the same period more than 139 listings were sold at asking price, while more than 234 were sold below. Between March 2024 and April 2024, Raleigh, NC real estate market has seen increase in the number of listings by 3.7%. While the average time on the market in April 2024 was 28 days, the median list price was $430,193.

From Rocket Homes Real Estate and based on county public records data.

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