$737,000
SOLD DEC 3, 2024

101 Forsyth Dr Chapel Hill, NC 27517

5 Beds
3 Baths
1,800 Sq Ft
0.35 Acres

Recently Sold

$409 Per Sq Ft

2% Below List Price

35 Days on Market

Highlights

  • RV or Boat Storage in Community
  • RV Parking in Community
  • Property is near public transit
  • Ephesus Elementary School Rated A
  • Deck
  • Private Lot

About This Home

As of December 2024

Newly Updated Duplex plus Large Shop with ensuite efficiency office. This incredible investment opportunity provides so many flexible options. *Town of Chapel Hill approved for potential 2 unit town-housing if desired ''ask for more info'.'' New survey and completed townhouse plat.Walking Distance to Wegmans and on BusLine. Close commute to RDU,- Large lot: Fully fenced private backyards- 2 decks, 1 patio - Off-street parking - 2 storage buildings- Washer/dryer in all 3 units convey- All appliances convey- New survey - New townhouse plat division available ''ask for more details''Unit A: -2bed 2 bath with full laundry room-Wood-burning fireplace $2200/mo possible *currently vacant for showingUnit B: -Furnished 2bed 1 bath -Midterm AirB&B with in-unit laundry -Wood-burning fireplace $2000-2400/mo*currently leasedShop: -Large roll-up 12'x 10' shop door-Insulated with washer dryer hook up and hot water heater-Side entrance door-Overhead lighting and upper storage loft-Mini office in front-Outdoor RV 30amp hook-up with side parking.- RV or Trailer parking *Currently renting $600/mo ''month to month''Efficiency Office: -Privately accessed -Loft Area-Efficiency office with kitchenette and washer/dryer combo-Mini-split heat and air-Not included in total square footage*Currently renting $1200/mo *month to month. Updates:2024: standing seam metal roof2024: back-yard partition fencing 2024: unit A: LVP floors, paint, trim, vanities, toilets, tile in bathrooms, dishwasher.Owner is a licensed real estate agent.

Last Agent to Sell the Property

David Cherry

Atomic Properties LLC License #276772 Listed on: 09/05/2024

Co-Listed By

Philip Kennedy

Atomic Properties LLC License #260750

Last Buyer's Agent

Amanda Baker

Allen Tate / Durham License #308299

Allen Tate / Durham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,657

Year Built

  • Built in 1984

Lot Details

  • 0.35 Acre Lot
  • Private Lot
  • Corners Of The Lot Have Been Marked
  • Back Yard Fenced and Front Yard

Parking

  • 2 Car Garage
  • Leased Parking
  • Workshop in Garage
  • Gravel Driveway
  • 6 Open Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Spray Foam Insulation
  • Batts Insulation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Shutters
  • Basement
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven
  • Free-Standing Electric Range
  • Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Concrete
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Rear Porch

Location

  • Property is near public transit

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 9799670570

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Buildings
  • 3 Units
  • Colony Lake Subdivision
  • RV Parking in Community

Amenities

  • Workshop Area
  • Laundry Facilities
  • Community Storage Space

Recreation

  • RV or Boat Storage in Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,657

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1984
  • Prop. Type: Residential Income
  • Co List Office Mls Id: 75426
  • Co List Office Phone: 984-999-0379
  • Subdivision Name: Colony Lake
  • Above Grade Finished Sq Ft: 1800.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • General Property Information Above Grade Unfinished Area: 768.0
  • General Property Information Total Unfinished Area2: 768.0
  • General Property Information Basement YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Laminate: Yes
  • Other Structures Workshop: Yes
  • Foundation Details Block3: Yes
  • Contract Information Lease Term: 6 Months
  • General Property Information Above Grade Finished Area: 1800.0
  • General Property Information Carport YN: No
  • Fencing Fenced: Yes
  • Flooring Concrete3: Yes
  • Cooling Ceiling Fan(s): Yes
  • Fencing Back Yard: Yes
  • Fencing Wood2: Yes
  • General Property Information Number Of Units Total3: 3.0
  • Structure Type Duplex: Yes
  • General Property Information Lot Size Square Feet2: 15246.0
  • General Property Information Number Of Buildings2: 2.0
  • Roof:Metal2: Yes
  • General Property Information Lot Size Acres: 0.35
  • Cooling Exhaust Fan2: Yes
  • General Property Information Stories2: 1
  • Association Amenities Workshop Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Concrete, Laminate, Luxury Vinyl, Tile
  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Water Heater, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Appliances:Range Hood: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:WasherDryer Stacked: Yes
  • Appliances Range: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Appliances:Free-Standing Refrigerator: Yes
  • Fencing Perimeter: Yes

Exterior Features

  • Roof: Metal
  • Fencing: Back Yard, Fenced, Perimeter, Wood
  • Acres: 0.35
  • Construction Type: Batts Insulation, Brick, Spray Foam Insulation, Wood Siding
  • Foundation Details: Block, Slab
  • Patio And Porch Features: Deck, Patio, Porch, Rear Porch
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Near Public Transit: Yes
  • Lot Features:Front Yard2: Yes
  • Window Features:Shutters: Yes
  • Lot Features:Private2: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Lot Features:Corners Marked: Yes
  • Construction Materials:Batts Insulation: Yes
  • Construction Materials:Spray Foam Insulation: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • Parking Features: Garage, Gravel, Leased, Workshop in Garage
  • Parking Features:Garage: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Workshop in Garage: Yes
  • General Property Information:Garage Spaces: 2.0
  • Other Structures:Garage(s): Yes
  • General Property Information:Attached Garage YN: No
  • Association Amenities:RV Parking: Yes
  • Parking Features:Leased: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 6.0

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Ceiling Fan(s), Central Air, Exhaust Fan, 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

  • Association: Yes

Association/Amenities

  • Association Amenities:Laundry: Yes
  • Association Amenities:Storage: Yes
  • Association Amenities:RVBoat Storage: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 15246.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 9799670570
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 6 Months
  • Owner Pays: See Remarks

Tax Info

  • Tax Annual Amount: 5657.49
  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Furnished: Varies By Unit

MLS Schools

  • Elementary School: CH/Carrboro - Ephesus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2024
Closed on
Dec 9, 2024
Sold by
Cirillo-Calabrese Christina
Bought by
C3 Property Holdings Llc
Seller's Agent
David Cherry
Atomic Properties LLC
Buyer's Agent
Amanda Baker
Allen Tate / Durham
List Price
$750,000
Sold Price
$737,000
Premium/Discount to List
-$13,000
-1.73%
Views
66
Current Estimated Value
$685,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,792
Avg. Annual Appreciation
-2.56%
Original Mortgage
$626,450
Outstanding Balance
$624,291
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$97,753

Purchase Details

Listed on
Sep 5, 2024
Closed on
Nov 15, 2024
Sold by
Kennedy Philip and Fischer Hollie Jeanne
Bought by
Kennedy Grace Ellen
Seller's Agent
David Cherry
Atomic Properties LLC
Buyer's Agent
Amanda Baker
Allen Tate / Durham
List Price
$750,000
Sold Price
$737,000
Premium/Discount to List
-$13,000
-1.73%
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,450
Outstanding Balance
$624,291
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$97,753

Purchase Details

Closed on
Sep 10, 2024
Sold by
Kennedy Philip and Fischer Hollie
Bought by
Kennedy Grace Ellen and Kennedy Philip

Purchase Details

Closed on
Feb 14, 2022
Sold by
Kennedy Grace Ellen
Bought by
Kennedy Philip

Purchase Details

Closed on
Nov 6, 2017
Sold by
Klarlied Llc
Bought by
Kennedy Grace and Kennedy Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.94%

Purchase Details

Closed on
Sep 28, 2017
Sold by
Klarlied Llc
Bought by
Kennedy Grace Ellen and Kennedy Philip N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.94%

Purchase Details

Closed on
Dec 19, 2016
Sold by
Oberholtzer Jason D and Oberholtzer Monika
Bought by
Klarlied Llc

Purchase Details

Closed on
Feb 6, 2007
Sold by
Prudential Relocation Inc
Bought by
Oberholtzer Jason D and Oberholtzer Monika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,910
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2007
Sold by
Guo Ming and Li Ruiqiu
Bought by
Prudential Relocation Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,910
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2005
Sold by
Bell C Ritchie and Lindsey Anne H
Bought by
Guo Ming
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed -- None Listed On Document
Warranty Deed $737,000 Chicago Title
Warranty Deed $737,000 Chicago Title
Warranty Deed -- None Listed On Document
Warranty Deed -- --
Deed -- --
Warranty Deed $122,000 None Available
Warranty Deed $212,500 None Available
Deed $190,000 None Available
Warranty Deed $190,000 None Available
Warranty Deed $166,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $626,450 New Conventional
Closed $626,450 New Conventional
Previous Owner $225,000 New Conventional
Previous Owner $125,000 No Value Available
Previous Owner -- No Value Available
Previous Owner $125,000 New Conventional
Previous Owner $187,220 FHA
Previous Owner $25,000 Credit Line Revolving
Previous Owner $170,910 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2024 12/03/24 Sold $737,000 -1.7% $409 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $750,000 -- $417 / 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 $5,657 $315,000 $95,000 $220,000
2023 $5,315 $301,400 $95,000 $206,400
2022 $5,106 $301,400 $95,000 $206,400
2021 $5,042 $301,400 $95,000 $206,400
2020 $4,637 $258,900 $68,000 $190,900
2018 $3,870 $218,000 $68,000 $150,000
2017 $3,646 $218,000 $68,000 $150,000
2016 $3,646 $204,990 $65,217 $139,773
2015 $3,646 $204,990 $65,217 $139,773
2014 $3,559 $204,990 $65,217 $139,773
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10050843

Doorify MLS

APN: 9799670570