NOT LISTED FOR SALE

Estimated Value: $419,000 - $462,000

4 Beds
2 Baths
1,344 Sq Ft
$330/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $455,000 $339 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,896/month

31 Days on Market

Highlights

  • 0.65 Acre Lot
  • Ranch Style House
  • Luxury Vinyl Tile Flooring
  • McDougle Middle School Rated A
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of June 2024

Discover a unique investment or living opportunity with this spacious duplex located on a double lot within walking distance to downtown Carrboro. This property offers flexibility and potential, whether you're looking to invest, develop, or find a personalized residence close to all local amenities. The duplex is currently zoned for two units but has potential for rezoning to single-family, which would allow the construction of an additional home behind the existing structure. Alternatively, the existing duplex could be replaced with two new homes, optimizing the extensive space available.

The property features two units, with Side A recently upgraded to include new flooring and a modern kitchen outfitted with new cabinets and countertops. Side B is currently rented for $1350/month, which is below market value, indicating potential for increased revenue. Both sides benefit from recent renovations including a fresh coat of paint and a new roof, ensuring a move-in-ready status and minimal maintenance for new owners.

Nestled at the end of a quiet street, 109 Colson offers a tranquil and picturesque backyard, ideal for relaxation or enjoying outdoor activities with family, pets, or simply savoring a moment of peace. The inclusion of a large shed provides ample storage space or could be converted into a creative space or workshop.

This duplex presents a rare opportunity to capitalize on the growing demand for properties in Carrboro, known for its vibrant community and proximity to urban conveniences while maintaining a peaceful, residential feel. Don't miss out on the chance to make 109 Colson Street your new investment or dream home!

Last Listed By

James Lafferty

My Dog Tess, Inc. License #315557 Listed on: 04/25/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,028

Year Built

  • Built in 1979

Lot Details

  • 0.65

Home Design

  • 1,344 Sq Ft Home
  • Ranch Style House
  • Traditional Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Wood Siding

Flooring

  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Open Parking Spaces

Schools

  • Carrboro Elementary School
  • Mcdougle Middle School
  • Chapel Hill High School

Additional Features

  • 0.65 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Bert Colson Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9778465140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,028

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Year Built: 1979
  • Prop. Type: Residential
  • Subdivision Name: Bert Colson
  • Above Grade Finished Sq Ft: 1344.0
  • Architectural Style: Ranch, Traditional
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Architectural Style Traditional: Yes
  • Flooring Laminate: Yes
  • Foundation Details Block3: Yes
  • General Property Information Enhanced Accessible2: No
  • Contract Information Lease Term: Month To Month
  • General Property Information Above Grade Finished Area: 1344.0
  • Roof Architectural Shingle: Yes
  • General Property Information Lot Size Square Feet2: 28314.0
  • General Property Information Lot Size Acres: 0.65
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Luxury Vinyl
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Roof: Architectural Shingle
  • Acres: 0.65
  • Construction Type: Wood Siding
  • Foundation Details: Block
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Open Parking Spaces: 5.0
  • Open Parking: Yes
  • Total Parking Spaces: 5.0
  • General Property Information:Parking Total: 5.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 5.0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: CH/Carrboro - Chapel Hill
  • Middle Or Junior School: CH/Carrboro - McDougle

Lot Info

  • Lot Size Sq Ft: 28314.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 9778465140
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month

Tax Info

  • Tax Annual Amount: 5028.34
  • Tax Year: 2023

MLS Schools

  • Elementary School: CH/Carrboro - Carrboro

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
Jun 28, 2024
Sold by
Beattie Hunter and Beattie Veronica
Bought by
Derberry Logan Lewis
Seller's Agent
James Lafferty
My Dog Tess, Inc.
Buyer's Agent
Non Member
Non Member Office
List Price
$499,000
Sold Price
$455,000
Premium/Discount to List
-$44,000
-8.82%
Total Days on Market
31
Views
51
Current Estimated Value
$443,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,405
Avg. Annual Appreciation
-2.28%
Original Mortgage
$444,723
Outstanding Balance
$442,136
Interest Rate
7.02%
Mortgage Type
FHA
Estimated Equity
$4,238

Purchase Details

Listed on
Jun 17, 2021
Closed on
Oct 20, 2021
Sold by
Hoopes Ingram W and Hoopes Sara
Bought by
Beattie Hunter and Beattie Veronica
Seller's Agent
Stacie Dye
Your Connection Realty LLC
Buyer's Agent
Glenn Wallace
My Dog Tess, Inc.
List Price
$285,000
Sold Price
$240,000
Premium/Discount to List
-$45,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.30%
Original Mortgage
$192,000
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2009
Sold by
Gorfkle Kenneth
Bought by
Ingram W M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,924
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 2004
Sold by
Wootton Clyde A and Wootton Sandra M
Bought by
Gorfkle Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,400
Interest Rate
1.62%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Derberry Logan Lewis $455,000 None Listed On Document
Beattie Hunter $480 Kendall H Page Pllc
Ingram W M $225,000 None Available
Gorfkle Kenneth $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derberry Logan Lewis $444,723
Previous Owner Beattie Hunter $192,000
Previous Owner Ingram W M $220,924
Previous Owner Gorfkle Kenneth $99,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $455,000 -5.0% $339 / Sq Ft
05/27/2024 05/27/24 Pending -- -- --
05/13/2024 05/13/24 Price Changed $479,000 -4.0% $356 / Sq Ft
04/25/2024 04/25/24 For Sale $499,000 +107.9% $371 / Sq Ft
12/15/2023 12/15/23 Off Market $240,000 -- --
11/05/2021 11/05/21 Sold $240,000 -15.8% $179 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $285,000 0.0% $212 / Sq Ft
09/04/2021 09/04/21 Pending -- -- --
08/13/2021 08/13/21 Price Changed $285,000 -4.7% $212 / Sq Ft
08/05/2021 08/05/21 Price Changed $299,000 -6.6% $222 / Sq Ft
07/16/2021 07/16/21 Price Changed $320,000 -3.0% $238 / Sq Ft
07/06/2021 07/06/21 Price Changed $330,000 -8.3% $246 / Sq Ft
06/17/2021 06/17/21 For Sale $360,000 -- $268 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,102 $281,000 $138,000 $143,000
2023 $5,028 $281,000 $138,000 $143,000
2022 $4,922 $281,000 $138,000 $143,000
2021 $4,887 $281,000 $138,000 $143,000
2020 $4,303 $235,400 $91,000 $144,400
2018 $4,215 $235,400 $91,000 $144,400
2017 $3,447 $235,400 $91,000 $144,400
2016 $3,447 $192,921 $100,366 $92,555
2015 $3,447 $192,921 $100,366 $92,555
2014 $3,367 $192,921 $100,366 $92,555
Source: Public Records

Agents Affiliated with this Home

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Source: Doorify MLS

MLS Number: 10025269

Doorify MLS

APN: 9778465140