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111 Friendly Dr; Raleigh, NC Property Details

111 Friendly Dr, Raleigh, NC is a Apt House 100+ Units that was built in 1988. This property is currently a cash purchase and is not for sale. Our records show that 111 Friendly Dr has 2 bedrooms, and 1 bathroom, and a total of 213,318 square feet. The lot size of 111 Friendly Dr is 76,230 square feet.

Off market
111 Friendly Dr Raleigh, NC 27607
$7,500,000 Listing Price
2 Beds
1 Baths
213,318 SqFt
Property Type
Apt House 100+ Units
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Corporate
  • Owner Status: Corporate
  • Year Built: 1988
  • Purchase Price: $75,000,000
  • APN: 0794.19-62-2053-000
  • Situs County: Wake
  • Length Of Ownership: 13 years, 8 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Total Rooms: 464

Structure

  • Building Style: Concrete
  • Stories: 5
  • Exterior Wall Type: Brick
  • Pool Type: Yes
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 213,318/SqFt
  • Lot: 76,230/SqFt
  • Gross: 213,318/SqFt
  • Living: 213,318/SqFt
  • Building: 213,318/SqFt
  • Price Per Square Foot: $351.59

Legal Description

  • Description: LO1 UNIVERSITY TOWERS BM2011-00896
Building Insights

Land Information

  • Property Type: Apt House 100+ Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wake County Schools
  • Lat / Lon: 35.78839 / -78.675446
  • Subdivision: University Towers
  • Property Class: Residential
  • Zoning: OX-12
  • County Use Code: 100

Amenities

  • Heating Fuel Type: Gas
  • Pool: true
  • Plus Four: 5463
  • Cooling: Central
  • Heating: Forced air unit

Ownership Info

111 Friendly Dr has no associated ownership info
111 Friendly Dr has no associated ownership info.

Taxes

111 Friendly Dr has 10 associated Taxes items

111 Friendly Dr, Raleigh, NC pays taxes in Wake County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $37,995,466. The APN we've located for 111 Friendly Dr is 0794.19-62-2053-000.

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Taxes
  • Assessed Value:  $37,995,466
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  0794.19-62-2053-000
  • Assessed Land Value:  22050000
  • Market Land Value:  22050000
  • Tax Amount:  387784.73
  • Tax Year:  2024
  • Market Value:  37995466
  • Market Year:  2025

Tax History

111 Friendly Dr has 12 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $37,995,466 Land Value $22,050,000 Improvement Value $15,945,466 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $37,995,466 Land Value $22,050,000 Improvement Value $15,945,466 Tax Amount $387,784.72 Change Rate -0.348044% Assessed CR Tax Rate +0.010206%
Year 2023 Assessed Value $47,290,491 Land Value $18,900,000 Improvement Value $28,390,491 Tax Amount $594,802.12 Change Rate +0.065663% Assessed CR Tax Rate +0.012578%
Year 2022 Assessed Value $47,290,491 Land Value $18,900,000 Improvement Value $28,390,491 Tax Amount $558,151.94 Change Rate +0.085536% Assessed CR Tax Rate +0.011803%
Year 2021 Assessed Value $47,290,491 Land Value $18,900,000 Improvement Value $28,390,491 Tax Amount $514,171.81 Change Rate -0.279301% Assessed CR Tax Rate +0.010873%
Year 2020 Assessed Value $67,037,633 Land Value $18,720,000 Improvement Value $48,317,633 Tax Amount $713,434.81 Change Rate +0.635773% Assessed CR Tax Rate +0.010642%
Year 2019 Assessed Value $32,606,416 Land Value $3,735,270 Improvement Value $28,871,146 Tax Amount $436,145.38 Change Rate +0.052151% Assessed CR Tax Rate +0.013376%
Year 2018 Assessed Value $32,606,416 Land Value $3,735,270 Improvement Value $28,871,146 Tax Amount $414,527.31 Change Rate +0.042904% Assessed CR Tax Rate +0.012713%
Year 2017 Assessed Value $32,606,416 Land Value $3,735,270 Improvement Value $28,871,146 Tax Amount $397,474.16 Change Rate +0.017954% Assessed CR Tax Rate +0.01219%
Year 2016 Assessed Value $34,008,407 Land Value $3,735,270 Improvement Value $30,273,137 Tax Amount $390,463.78 Change Rate +1.370502% Assessed CR Tax Rate +0.011481%
Year 2015 Assessed Value $13,076,148 Land Value $571,725 Improvement Value $12,504,423 Tax Amount $164,717.73 Change Rate +0.044528% Assessed CR Tax Rate +0.012597%
Year 2014 Assessed Value $13,076,148 Land Value $571,725 Improvement Value $12,504,423 Tax Amount $157,695.84 Change Rate Assessed CR Tax Rate +0.01206%
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