🔥 West Raleigh condo steps from NC State. Comps averaging $199K. Priced to move fast. 🤝
📸 👉 CLICK HERE FOR FULL PHOTO ALBUM 👈
💰 Asking: $120,000 | Comp Average: ~$199,000 | 🔥 Spread: ~$79,000
🏠 Property Details
| Type | Condo |
| Bedrooms / Baths | 2 bed / 1.5 bath |
| Parking | 1 Carport |
| Living Area | 1,114 sq ft |
| Year Built | 1972 |
| Occupancy at Closing | ✅ VACANT |
| Closing Date | March 26, 2026 |
| HOA | $275 per month |
📊 Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft |
|---|---|---|---|
| 1200 Schaub Dr APT G, Raleigh | 1,128 | $204,000 | $181/sq ft |
| 1221 Teakwood Pl, Raleigh | 1,101 | $198,000 | $180/sq ft |
| 1110 Schaub Dr APT B, Raleigh | 917 | $196,000 | $214/sq ft |
| Comp Average | ~1,049 | ~$199,000 | ~$192/sq ft |
| 🏷️ Our Price | 1,114 | $120,000 | $108/sq ft |
| 💸 Your Spread | ~$79,000 |
💡 Why the numbers work: Our unit is actually larger than every comp — 1,114 sq ft vs a comp average of ~1,049 sq ft. Yet we’re priced at $108/sq ft vs the comp average of $192/sq ft. You’re buying more space at a fraction of the price in a West Raleigh condo market that consistently sells in the $196K–$204K range.
⚠️ DISCLAIMER — Please Read Before Submitting an Offer
📋 Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.