1420 Marlin Ferry RoadUnit 12C
Garner · Raleigh, NC 27606
$232,000
$223 per sq ft
- 2bedrooms
- 1.5bathrooms
- 1,040sq ft
- —acre lot
- 1984built
- $274HOA / mo
A $232,000 two-bedroom, with the honest caveat about older condo financing
Two bedrooms up, living and kitchen down, a wood-burning fireplace and a small private patio. The price is genuinely low. The caveat: a 1984 condominium project has to meet FHA or conventional project approval for some loan types, and the reserve level matters to underwriters. We will pull the project’s approval status and the last reserve study before you spend money on an inspection, because that order saves people a lot of wasted expense.
- Lowest price per square foot on the board
- Wood-burning fireplace and private patio
- Check project approval status before ordering an inspection
- HOA $274 including water and exterior
What this house has
- Home office
- Fireplace
The numbers
| Listing ID | HS-1156 |
|---|---|
| Property type | Condo |
| Style | Two-storey condo |
| Status | Active |
| Bedrooms | 2 |
| Bathrooms | 1.5 (1 full, 1 half) |
| Interior | 1,040 sq ft |
| Price per sq ft | $223 |
| Lot | No private lot |
| Year built | 1984 |
| HOA / condo fee | $274 / month |
| Estimated tax rate | 1.0075% of value per year |
| Listed on | July 5, 2026 |
| County | Wake County, NC |
| Street | Invented — see the note below |
Garner
A town on Raleigh’s southern edge with a 1950s-to-70s core of brick ranches and split-levels, plus subdivisions and townhome clusters added steadily since the late 1990s.
- Housing stock Brick ranches and split-levels of 1,200–2,200 sq ft in the older sections; 1,700–3,000 sq ft two-storeys and 1,400–1,800 sq ft townhomes in the newer ones.
- Typical lot 0.20–0.45 acre in the core; 0.12–0.25 acre in newer sections
- Getting about About 8 miles to downtown Raleigh via US-70; roughly 22 miles to RTP.
Assigned schools
These are the base schools currently assigned to this address by Wake County Public School System. We list assignment as a fact and nothing more — we do not rate, rank or compare schools, and no one here will, because doing so is how housing discrimination happens in practice. Judge them yourself.
- ElementaryConn Elementary
- MiddleLigon Middle
- HighEnloe High
- DistrictWake County Public School System
On this demonstration site the assignment is invented, and the homes have no real address to assign. In reality attendance areas are reassigned periodically and a base assignment can change before you close — verify it directly with Wake County Public School System before you rely on it.
What this would cost a month
Change any number. Nothing here is a quote — it is arithmetic.
$1,952
estimated total monthly ·$208,800 borrowed
- Principal and interest
- $1,313
- Property tax
- $195
- Homeowner’s insurance
- $75
- HOA / condo fee
- $274
- Mortgage insurance (PMI)
- $96
Under 20% down, so private mortgage insurance is included at an estimated 0.55% of the loan a year. On a conventional loan it comes off automatically once you reach 78% loan-to-value, and you can usually request removal at 80%. On most FHA loans it stays for the life of the loan.
Over the full term you would pay about $263,844 in interest, assuming you never pay extra and never refinance.
Estimates only. Actual rates depend on credit, loan type and the day. Wake County property tax is reassessed on a four-year cycle, so a recent revaluation can move the tax line. Talk to a lender for a real quote — we can introduce you to three.
Scored on this data, not hand-picked
Homes like this one
Ranked by real similarity across price, size, bedrooms, bathrooms, property type, neighbourhood and build era. Sold homes are excluded, because offering you something you cannot buy is not a recommendation.
- Active
$279,000asking
- 1 bd
- 1 ba
- 790 sq ft
5210 Sevenwells Road · Unit 210
North Hills, Raleigh · Mid-rise flat
One bedroom, 790 square feet, and the lowest price on the board
67% matchAlso in Raleigh · Same property type
- Under contract
$342,000asking
- 2 bd
- 2 ba
- 1,290 sq ft
10430 Brambleclub Lane
Brier Creek, Raleigh · Garden condo
Ground-floor garden condo with a screened patio
64% matchAlso in Raleigh · Same property type · 2 bedrooms
- Active
$305,000asking
- 3 bd
- 2 ba
- 1,380 sq ft
1707 Reedhollow Road
Garner, Raleigh · Split-level
Split-level under $310,000 inside the Raleigh city limits
58% matchSame neighbourhood · Same attendance area