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720 N Person St APT 106, Raleigh, NC, 27604

1beds
2baths
806sqft
$289,000
$359price/sqft
$1,941/moest. monthly cost
$77,640/yrincome needed

About This Home

Nestled in the heart of Downtown Raleigh sits a charming condo community called Governor's Square. Condos in this well maintained and desired community rarely come on the market so act fast. This beautiful 1st floor condo is perfect for Buyers of all ages and all physical abilities. Filled with distinctive features including: spacious 1 bedroom design with dining or office area and 1.5 baths; 9ft smooth ceilings with crown molding and recessed lighting; spacious covered deck off living room; recently refinished beautiful real hardwood flooring (2023); HVAC replaced (2025); water heater replaced (2023); windows replaced (2013); interior paint touched up (2026); refrigerator, washer and dryer convey. Secured building with key pad entry at lobby door. Beautifully landscaped and fenced community with parking. All this and within a short walk or roll to community restaurants, shops, parks, museums and more. Life is good and easy here! Attention investors, long term rentals are allowed.

Getting Around

86
WalkingVery Walkable
53
TransitGood Transit
64
BikeBikeable

Schools

5/10
Conn ElementaryGrades PK-50.8 mi
7/10
Oberlin Middle SchoolGrades 6-82.1 mi
7/10
Needham Broughton HighGrades 9-121.1 mi

Construction

Condition

  • Year built: 1998

Materials

  • Roof: Shingle
  • Construction materials: Brick Veneer,Fiber Cement

Type & Style

  • Home type: Condo
  • Architectural style: Arts & Crafts, Charleston, Traditional, Transitional
  • Property subType: Condominium,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Oven,Electric Range,Electric Water Heater,Plumbed For Ice Maker,Refrigerator,Washer
  • Laundry features: In Bathroom,Laundry Closet,Main Level

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Bathtub/Shower Combination,Bidet,Breakfast Bar,Ceiling Fan(s),Chandelier,Crown Molding,High Ceilings,High Speed Internet,Open Floorplan,Recessed Lighting,Smooth Ceilings
  • Window features: Insulated Windows
  • Flooring: Carpet,Hardwood,Tile
  • Finished area below ground: 0
  • Finished area above ground: 806
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 806
  • Total interior livable area: 806 sqft

Property

Accessibility

  • Accessibility features: Aging In Place,Level Flooring

Details

  • Parcel number: 1704825488
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Exterior features: Garden,Rain Gutters
  • Fencing: See Remarks
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Features: Hardwood Trees,Landscaped

Parking

  • Total spaces: 1
  • Parking features: Parking Lot
  • Has uncovered spaces: Yes
  • Uncovered spaces: 50

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Hail
Heat Wave
Tornado

FEMA Declared Disasters in Wake County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,461$17,532
Home Insurance *$114$1,368
Property Taxes $166$1,992
Electricity $200$2,405
Total$1,941$23,292
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$66,548/yr
40% on housing$58,230/yr
45% on housing$51,760/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 4.6%
4.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$359This listing

vs Other Active Listings

Avg $/sqft

ZIP 27604$202
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27604$212
Wake County$224

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-20Price change$289,000
2026-06-23Price change$300,000
2026-06-10Listed for sale$320,000
2011-09-16Sold$117,000

For Sale by Agent

AgentDavid Henry Johnson
BrokerageLong & Foster Real Estate INC/North Raleigh

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