$165,000
SOLD JUL 8, 2022

500 Umstead Dr Unit 102 Chapel Hill, NC 27516

3 Beds
2 Baths
1,212 Sq Ft
$243/mo HOA Fee

Recently Sold

$136 Per Sq Ft

6% Below List Price

9 Days on Market

Highlights

  • Traditional Architecture
  • End Unit
  • Tennis Courts
  • Seawell Elementary School Rated A+
  • Community Pool
  • Cooling Available

About This Home

As of July 2022

First floor corner condo unit 3bd/2ba. Enjoy private patio overlooking heavily treed community property featuring walking trails, bball court, tennis, & pool. Bus stop access. Walkable to Bolin Creek Trail. 1.5mi to downtown Franklin St & UNC-Chapel Hill campus. Perfect for investors! No w/d in unit; on-site laundry. One-owner investor divesting multiple units. Great rental history, tenants vacating mid-July.

Last Agent to Sell the Property

Amy Gretenstein

Real Estate By Design License #286227

Last Buyer's Agent

Amy Shyshnyak

Costello Real Estate & Investm License #336479

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,807

Year Built

  • Built in 1972

Lot Details

  • End Unit

HOA Fees

  • $243 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Masonite

Interior Spaces

  • 1,212 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Seawell Elementary School
  • Smith Middle School
  • Chapel Hill High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, trash, water
  • Cedar Management Group Association
  • Bolinwood Condominiums Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,807

Year Built

Built in 1972

Lot Details

0

HOA Fees

$243 per month

Listing Details

  • Year Built: 1972
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Trash, Water
  • Subdivision Name: Bolinwood Condominiums
  • Above Grade Finished Sq Ft: 1212.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Condominium
  • General Property Information Lot Size Dimensions: see plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Vinyl: Yes
  • Common Walls End Unit: Yes
  • General Property Information Above Grade Finished Area: 1212.0
  • General Property Information Carport YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: 2nd Floor
  • Total Bedrooms: 6
  • Community Features:Street Lights: Yes
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Common Walls: End Unit
  • Construction Type: Brick, Masonite
  • Construction Materials:Masonite: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Parking Features:Assigned: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 243.13
  • Association Fee Frequency: Monthly
  • Association Name: Cedar Management Group
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Cedar Management Group
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 243.13
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: see plat

Tax Info

  • Tax Annual Amount: 1807.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: CH/Carrboro - Seawell

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $165,000 -- --
07/08/2022 07/08/22 Sold $165,000 -5.7% $136 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
06/18/2022 06/18/22 For Sale $175,000 -- $144 / Sq Ft
Source: Doorify MLS

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 $1,161 $105,500 $0 $105,500
2023 $1,888 $105,500 $0 $105,500
2022 $1,815 $105,500 $0 $105,500
2021 $1,794 $105,500 $0 $105,500
2020 $1,405 $75,000 $0 $75,000
2018 $1,366 $75,000 $0 $75,000
2017 $1,460 $75,000 $0 $75,000
2016 $1,460 $81,580 $24,356 $57,224
2015 $1,460 $81,580 $24,356 $57,224
2014 $1,402 $81,580 $24,356 $57,224
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $73,600 Adjustable Rate Mortgage/ARM
Previous Owner $68,400 Fannie Mae Freddie Mac
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed -- Becton Marcus
Warranty Deed $123,000 None Available
Warranty Deed $92,000 None Available
Warranty Deed $76,000 --
Source: Public Records

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Source: Doorify MLS

MLS Number: 2456849

Doorify MLS

APN: 9789014199.098