NOT LISTED FOR SALE

140 W Franklin St, Unit 705 Chapel Hill, NC 27516

Downtown Chapel Hill Neighborhood

Estimated Value: $898,000 - $1,160,000

2 Beds
2.5 Baths
1,903 Sq Ft
$558/Sq Ft Est. Value

Last Sold September 17, 2024

Last sale price $1,850,000 $972 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $10,285/month

42 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Electric Gate
  • Smith Middle School Rated A
  • Security Guard
  • Gated Community

About This Home

As of September 2024

Captivating Penthouse with Stunning Countryside Views in Downtown Chapel Hill. Discover an exquisite two-level Penthouse on the 7th and 8th floors, offering breathtaking long-distance views of the countryside that will leave you in awe every day. This beautifully designed 2-bedroom, 2.5-bathroom residence features an open floor plan, making it perfect for modern living. The cook's kitchen is a culinary delight, with stainless steel appliances, ample counter space, and a layout designed for entertaining. The living area, boasting a fireplace ideal for relaxing evenings, is complemented by elegant bamboo flooring throughout. Enjoy seamless indoor-outdoor living with two generous balconies, perfect for morning coffee or evening sunsets. The main bedroom suite serves as a tranquil retreat, featuring an en-suite bathroom, ample closet space for all your storage needs, and access to a private balcony. The sitting room is adaptable for use as an office, study, or TV room. The guest bedroom is equally inviting, with an en-suite bathroom and long-distance views of the Durham skyline and The Duke Chapel. Located in the heart of downtown Chapel Hill, just steps away from UNC's main campus, restaurants, and cultural attractions, this penthouse offers the perfect blend of convenience and luxury with concierge services, fitness center and owner's clubroom. A wonderful setting to call ''Home''.

Last Agent to Sell the Property

Phil Patterson

Hodge&KittrellSothebysIntlRlty License #174625 Listed on: 07/09/2024

Hodge&KittrellSothebysIntlRlty

Last Buyer's Agent

Debbie McCormick

Berkshire Hathaway HomeService License #130369

Berkshire Hathaway HomeService

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,282

Year Built

  • Built in 2013

Lot Details

  • 1.75 Acre Lot
  • Lot Dimensions are 253'x301'253'x300'
  • 1 Common Wall
  • Northeast Facing Home

HOA Fees

  • $825 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Lighted Parking
  • Rear-Facing Garage
  • Electric Gate
  • Secured Garage or Parking
  • Deeded Parking
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Permanent Foundation
  • Batts Insulation
  • Membrane Roofing
  • Rubber Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,903 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Free Standing Fireplace
  • Ventless Fireplace
  • Screen For Fireplace
  • See Through Fireplace
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments
  • Entrance Foyer
  • Combination Kitchen and Dining Room
  • Storage

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Built-In Self-Cleaning Oven
  • Electric Oven
  • Gas Cooktop
  • <<cooktopDownDraftToken>>
  • Range Hood
  • <<microwave>>
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Bamboo
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Dual Closets
  • Walk-In Closet
  • Double Vanity
  • <<tubWithShowerToken>>
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Dryer

Home Security

  • Security Lights
  • Security Gate
  • Closed Circuit Camera
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Adaptable For Elevator
  • Visitor Bathroom
  • Accessible Kitchen
  • Accessible Hallway
  • Accessible Washer and Dryer
  • Handicap Accessible
  • Accessible Doors
  • Accessible Entrance

Outdoor Features

  • Deck
  • Outdoor Storage

Location

  • Property is near public transit

Schools

  • Carrboro Elementary School
  • Smith Middle School
  • East Chapel Hill High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • Natural Gas Connected
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 97788278230.136L

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure, security, storm water maintenance, trash
  • 140 West Franklin Condominium Association, Inc Association, Phone Number (919) 537-8247
  • 140 West Franklin Condominiums
  • 140 West Franklin Condominium Subdivision
  • Maintained Community
  • Community Parking

Amenities

  • Concierge
  • Trash Chute
  • Party Room
  • Elevator

Recreation

Security

  • Security Guard
  • Resident Manager or Management On Site
  • 24 Hour Access
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,282

Year Built

Built in 2013

Lot Details

0

HOA Fees

$825 per month

Parking

2

Listing Details

  • Building Name: 140 West Franklin Condominiums
  • Year Built: 2013
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Security, Storm Water Maintenance, Trash
  • Subdivision Name: 140 West Franklin Condominium
  • Above Grade Finished Sq Ft: 1903.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Effective Year Built: 2013
  • General Property Information Lot Size Dimensions: 253'x301'253'x300'
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features KitchenDining Room Combination: Yes
  • Laundry Features Laundry Room: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Levels Two: Yes
  • Architectural Style Traditional: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Upper Level: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • General Property Information Association Phone: 919-537-8247
  • Fireplace Features Fireplace Screen: Yes
  • Flooring Bamboo: Yes
  • General Property Information Enhanced Accessible2: Yes
  • General Property Information Monthly Association Fees2: 824.73
  • Utilities Water Connected: Yes
  • Common Walls:_one_ Common Wall: Yes
  • General Property Information Above Grade Finished Area: 1903.0
  • Security Features Fire Alarm: Yes
  • Cooling Ceiling Fan(s): Yes
  • Laundry Features Washer Hookup: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Underground Utilities: Yes
  • Laundry Features Inside: Yes
  • Utilities Natural Gas Connected: Yes
  • Foundation Details Permanent: Yes
  • Security Features:_two_4 Hour Security: Yes
  • Security Features Building Security: Yes
  • Structure Type Multi Family: Yes
  • Appliances Cooktop - Down: Yes
  • Foundation Details PillarPostPier: Yes
  • Interior Features Dual Closets: Yes
  • General Property Information Lot Size Square Feet2: 76230.0
  • General Property Information Building Name: 140 West Franklin Condominiums
  • Security Features Fire Sprinkler System: Yes
  • Security Features Security Guard: Yes
  • General Property Information Lot Size Acres: 1.75
  • RoofRubber: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Security Features Closed Circuit Camera(s): Yes
  • Security Features Security Lights: Yes
  • Association Amenities Concierge: Yes
  • View Downtown: Yes
  • General Property Information Stories2: 2
  • Security Features Security Gate: Yes
  • View Skyline: Yes
  • General Property Information Direction Faces: Northeast
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Renovated: 2013

Interior Features

  • Flooring: Bamboo, Carpet, Ceramic Tile
  • Interior Amenities: Bathtub/Shower Combination, Butler's Pantry, Ceiling Fan(s), Double Vanity, Dual Closets, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Speed Internet, Kitchen/Dining Room Combination, Open Floorplan, Pantry, Recessed Lighting, Storage, Walk-In Closet(s), Walk-In Shower
  • Appliances: Cooktop - Down, Dishwasher, Disposal, Dryer, Electric Oven, Electric Water Heater, Free-Standing Refrigerator, Gas Cooktop, Ice Maker, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Wall Oven, Washer/Dryer, Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Fireplace Screen, Free Standing, Gas Log, See Through, Ventless
  • Fireplaces: 1
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Butler_squote_s Pantry: Yes
  • Community Features:Fitness Center2: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Community Features:Sidewalks: Yes
  • Security Features:Gated Community: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Appliances:Free-Standing Refrigerator: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:WasherDryer: Yes
  • Interior Features:Open Floorplan: Yes
  • Community Features:Clubhouse2: Yes
  • Community Features:Gated2: Yes
  • Interior Features:Recessed Lighting: Yes
  • Laundry Features:In Unit: Yes
  • Fireplace Features:Free Standing: Yes
  • Fireplace Features:Ventless: Yes
  • Fireplace Features:See Through: Yes

Exterior Features

  • Roof: Flat, Membrane, Rubber, Stone
  • Exterior Features: Balcony, Storage
  • Acres: 1.75
  • Disclosures: Seller Disclosure
  • Common Walls: 1 Common Wall
  • Construction Type: Batts Insulation, Block, Brick, Glass, Synthetic Stucco
  • Direction Faces: Northeast
  • Foundation Details: Concrete Perimeter, Permanent, Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Accessibility Features:Accessible Door(s): Yes
  • Accessibility Features:Accessible WasherDryer: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Insulated Windows: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Near Public Transit: Yes
  • Accessibility Features:Accessible Entrance: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Storage2: Yes
  • Accessibility Features:Accessible Hallway(s): Yes
  • Construction Materials:Block2: Yes
  • Window Features:Window Treatments: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Accessibility Features:Accessible Kitchen: Yes
  • Accessibility Features:Visitor Bathroom: Yes
  • Lot Features:Views: Yes
  • View:City3: Yes
  • Construction Materials:Glass: Yes
  • Construction Materials:Batts Insulation: Yes
  • ConstructionSiding:Roof Flat: Yes
  • Construction Materials:Synthetic Stucco: Yes
  • Accessibility Features:Adaptable For Elevator: Yes

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking: No
  • Parking Features: Assigned, Community Structure, Deeded, Electric Gate, Garage Faces Rear, Gated, Lighted, On Site, Paved
  • Total Parking Spaces: 2.0
  • Parking Features:Assigned: Yes
  • Association Amenities:Parking: Yes
  • Parking Features:Garage Faces Rear: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Paved2: Yes
  • Parking Features:Lighted: Yes
  • Security Features:Secured GarageParking: Yes
  • Parking Features:On Site: Yes
  • Parking Features:Community Structure: Yes
  • Parking Features:Gated3: Yes
  • General Property Information:Attached Garage YN: Yes
  • Parking Features:Deeded: Yes
  • General Property Information:Parking Total: 2.0
  • Parking Features:Electric Gate: Yes
  • General Property Information:Open Parking YN2: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Underground Utilities
  • Heating: Fireplace(s), Forced Air, Heat Pump, Zoned
  • Cooling: Ceiling Fan(s), Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Zoned2: Yes
  • HeatingCooling:Heat Pump: Yes
  • Water Heater: Yes
  • Heating:Fireplace(s): Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Sidewalks
  • Association Fee: 824.73
  • Association Fee Frequency: Monthly
  • Association Name: 140 West Franklin Condominium Association, Inc
  • Phone: 919-537-8247
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: 140 West Franklin Condominium Association, Inc
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Amenities:Maintenance Structure: Yes
  • Association Amenities:Insurance: Yes
  • Association Amenities:Management: Yes
  • Association Amenities:Gated: Yes
  • Association Amenities:Security: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Amenities:Party Room: Yes
  • Association Amenities:Trash: Yes
  • Association Fee Includes:Security2: Yes
  • Association Amenities:Fitness Center: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 824.73
  • Association Amenities:Storage: Yes
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: 253'x301'253'x300'
  • Lot Size Sq Ft: 76230.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 97788278230.136L
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2281.66
  • Tax Year: 2023

MLS Schools

  • Elementary School: CH/Carrboro - Carrboro

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
09/17/2024 09/17/24 Sold $1,850,000 -5.1% $972 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
07/09/2024 07/09/24 For Sale $1,950,000 -- $1,025 / 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 $12,743 $733,100 $0 $733,100
2023 $12,256 $733,100 $0 $733,100
2022 $11,891 $733,100 $0 $733,100
2021 $11,741 $733,100 $0 $733,100
2020 $12,154 $713,400 $0 $713,400
2018 $11,921 $713,400 $0 $713,400
Source: Public Records

Agents Affiliated with this Home

  • Phil Patterson

    Seller's Agent in 2024

    Phil Patterson

    Hodge&KittrellSothebysIntlRlty

    (919) 302-5260

    10 in this area

    25 Total Sales

    Phil Patterson
    Section Image

  • D

    Buyer's Agent in 2024

    Debbie McCormick

    Berkshire Hathaway HomeService

    (919) 270-2937

    3 in this area

    183 Total Sales

    Debbie McCormick
    Section Image
  • Mark McCormick

    Buyer Co-Listing Agent in 2024

    Mark McCormick

    Berkshire Hathaway HomeService

    (919) 632-6542

    2 in this area

    112 Total Sales

    Mark McCormick
    Section Image
See All Agents

About This Building

Map

Source: Doorify MLS

MLS Number: 10040038

Doorify MLS

North Carolina Orange County Chapel Hill 27516 Downtown Chapel Hill

140 W Franklin St Unit 705, Chapel Hill, NC

This home is located at 140 W Franklin St Unit 705, Chapel Hill, NC 27516 since 09 July 2024 and is currently estimated at $1,061,377, approximately $557 per square foot. This property was built in 2013. 140 W Franklin St Unit 705 is a home located in Orange County with nearby schools including Smith Middle School, East Chapel Hill High School, and St. Thomas More Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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