$475,000
$100K PRICE DROP

620 Martin Luther King jr Blvd Unit 502 Chapel Hill, NC 27514

Estimated payment $3,631/month

Total Views 10,074
2 Beds
2 Baths
1,445 Sq Ft
$329 Price per Sq Ft

Highlights

  • Transitional Architecture
  • Wood Flooring
  • Community Pool
  • Phillips Middle School Rated A
  • Great Room
  • Balcony

About This Home

Welcome to this beautifully maintained fifth-floor condo, perfectly positioned in one of Chapel Hill's most sought-after and private communities. Located in an exclusive, secure building with only sixteen residences, this rare offering combines comfort, convenience, and classic charm. Step inside to discover gleaming wood parquet floors flowing through the main living areas and bedrooms. The spacious, light-filled layout features two generous bedrooms and two full baths, ideal for both everyday living and entertaining. Enjoy effortless access with an elevator, assigned underground parking, and ample guest parking. Step outside to a lovely brick balcony—perfect for morning coffee or unwinding after a long day—or take advantage of the serene community pool. With prime proximity to UNC Chapel Hill and the vibrant downtown area filled with top-rated restaurants, shops, and cultural attractions, this condo offers a lifestyle that's hard to match. Homes in this building are rarely available—don't miss your chance to own this exceptional residence!

Listing Agent

Stacey Delgado

Redfin Corporation License #277520 Listed on: 05/09/2025

Redfin Corporation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,435

Year Built

  • Built in 1985

HOA Fees

  • $638 Monthly HOA Fees

Home Design

  • Transitional Architecture
  • Brick Veneer
  • Permanent Foundation
  • Shingle Roof

Interior Spaces

  • 1,445 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Recessed Lighting
  • Great Room
  • Laundry on main level

Kitchen

  • <<builtInOvenToken>>
  • Electric Cooktop
  • <<microwave>>
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity

Parking

  • 1 Parking Space
  • 1 Open Parking Space

Schools

  • Northside Elementary School
  • Guy Phillips Middle School
  • East Chapel Hill High School

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 9788394516.012

Community Details

Overview

  • Association fees include ground maintenance
  • The Gables Association
  • The Gables Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,435

Year Built

Built in 1985

Lot Details

0

HOA Fees

$638 per month

Listing Details

  • Building Name: The Gables
  • Year Built: 1985
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds
  • Subdivision Name: The Gables
  • Above Grade Finished Sq Ft: 1445.0
  • Architectural Style: Transitional
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Interior Features Smooth Ceilings: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Primary Bedroom Level: Main
  • Room Types Great Room2: Yes
  • Flooring Wood: Yes
  • General Property Information Association Phone: 0
  • Flooring Parquet: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 638.0
  • Roof:Shingle: Yes
  • General Property Information Above Grade Finished Area: 1445.0
  • Foundation Details Permanent: Yes
  • General Property Information Building Name: The Gables
  • General Property Information Stories2: 1
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Flooring: Parquet, Tile, Wood
  • Interior Amenities: Double Vanity, Recessed Lighting, Smooth Ceilings, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Cooktop, Microwave, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Cooktop: Yes
  • Interior Features:Recessed Lighting: Yes
  • Pool Features:Community: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: Balcony
  • Construction Type: Brick Veneer
  • Foundation Details: Permanent
  • Construction Materials:Brick Veneer: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Open Parking Spaces: 1.0
  • Open Parking: Yes
  • Total Parking Spaces: 1.0
  • General Property Information:Parking Total: 1.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 1.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 638.0
  • Association Fee Frequency: Monthly
  • Association Name: The Gables
  • Phone: 0
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: The Gables
  • Association Fee Includes:Maintenance Grounds2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 638.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: CH/Carrboro - East Chapel Hill
  • Middle Or Junior School: CH/Carrboro - Guy Phillips

Lot Info

  • Parcel #: 9788394516.012

Tax Info

  • Tax Annual Amount: 4434.73
  • Tax Year: 2024

MLS Schools

  • Elementary School: CH/Carrboro - Northside

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

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 $4,612 $268,300 $0 $268,300
2023 $4,488 $268,300 $0 $268,300
2022 $4,303 $268,300 $0 $268,300
2021 $4,248 $268,300 $0 $268,300
2020 $4,637 $276,100 $0 $276,100
2018 $0 $276,100 $0 $276,100
2017 $4,536 $276,100 $0 $276,100
2016 $4,536 $273,207 $109,934 $163,273
2015 $4,536 $273,207 $109,934 $163,273
2014 $4,479 $273,207 $109,934 $163,273
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Price Changed $475,000 -4.8% $329 / Sq Ft
06/03/2025 06/03/25 Price Changed $499,000 -9.1% $345 / Sq Ft
05/28/2025 05/28/25 Price Changed $549,000 -4.5% $380 / Sq Ft
05/09/2025 05/09/25 For Sale $575,000 -- $398 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $295,000 None Available
Deed $277,700 --
Warranty Deed -- --
Source: Public Records

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Source: Doorify MLS

MLS Number: 10095207

Doorify MLS

APN: 9788394516.012