NOT LISTED FOR SALE

1502 Oak Tree Dr Unit 1502 Chapel Hill, NC 27517

The Oaks Neighborhood

Estimated Value: $321,000 - $367,767

3 Beds
2.5 Baths
1,320 Sq Ft
$428/mo HOA Fee

Last Sold May 31, 2023

Last sale price $346,000 $262 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,587/month

3 Days on Market

Highlights

  • Clubhouse
  • Traditional Architecture
  • Community Pool
  • Rashkis Elementary School Rated A
  • Granite Countertops
  • Covered patio or porch

About This Home

As of May 2023

Welcome to this beautiful 3 bedroom, 2 1/2 bath condo located in The Oaks! As you enter this condo, you are greeted with an open living & dining space that offers plenty of natural light and a cozy fireplace, perfect for relaxing evenings with friends and family. The kitchen features white cabinets, granite countertops & subway tile. Neutral luxury vinyl flooring just installed in kitchen, dining & 1/2 bath! Upstairs, you will find three bedrooms, each with plenty of closet space & 2 updated baths. Enjoy your morning coffee or unwind at the end of the day on the private patio! Additionally, this condo sits directly across from the community pool & clubhouse! Location cannot be beat- 1 mile to UNC campus, walking distance to Fresh Market, restaurants & more!

Last Agent to Sell the Property

Beth Creaghan

EXP Realty LLC License #275438 Listed on: 05/04/2023

EXP Realty LLC

Last Buyer's Agent

Josie Hall

Berkshire Hathaway HomeService License #44097

Berkshire Hathaway HomeService

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,904

Year Built

  • Built in 1974

Lot Details

  • Landscaped

HOA Fees

  • $428 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 1,320 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Storage

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered patio or porch
  • Rain Gutters

Schools

  • Rashkis Elementary School
  • Grey Culbreth Middle School
  • East Chapel Hill High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, sewer, trash, water
  • The Oaks Owners Assoc Association
  • The Oaks Condos Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,904

Year Built

Built in 1974

Lot Details

0

HOA Fees

$428 per month

Listing Details

  • Year Built: 1974
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
  • Subdivision Name: The Oaks Condos
  • Above Grade Finished Sq Ft: 1320.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Condominium
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Laundry Features Main Level: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Interior Features Bathtub Only: Yes
  • General Property Information Above Grade Finished Area: 1320.0
  • General Property Information Carport YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Luxury Vinyl, Tile
  • Interior Amenities: Bathtub Only, Ceiling Fan(s), Granite Counters, Storage, Walk-In Shower
  • Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: 1st Floor
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Cooktop: Yes
  • Fireplace Features:Wood Burning: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Type: Brick, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio, Porch
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 428.0
  • Association Fee Frequency: Monthly
  • Association Name: The Oaks Owners Assoc
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: The Oaks Owners Assoc
  • Association Amenities:Pool: Yes
  • Association Amenities:Trail(s): Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Fee Includes:Sewer: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 428.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: 0

Tax Info

  • Tax Annual Amount: 2904.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: CH/Carrboro - Rashkis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2023
Closed on
May 17, 2023
Sold by
Alexander Reed Austin and Cullinan Kelsey
Bought by
Kilpatrick Thomas C and Kilpatrick Samantha B
Seller's Agent
Beth Creaghan
EXP Realty LLC
Buyer's Agent
Josie Hall
Berkshire Hathaway HomeService
List Price
$330,000
Sold Price
$346,000
Premium/Discount to List
$16,000
4.85%
Views
45
Current Estimated Value
$344,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,808
Avg. Annual Appreciation
1.09%
Original Mortgage
$301,500
Outstanding Balance
$294,706
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$59,587

Purchase Details

Closed on
Sep 5, 2019
Sold by
Tuttle Leslie and Zorzi Gaeton
Bought by
Cullinan Reed Austin Alexander and Cullinan Reed Kelsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,400
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2016
Sold by
Husted Cassasndra J and Husted Robert L
Bought by
Tuttle Leslie and Zorzi Gaeton

Purchase Details

Closed on
Jun 27, 2005
Sold by
Lucier Thomas Stephen and Lucier Suzanne
Bought by
Husted Robert L and Husted Cassandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 22, 2002
Sold by
Gordon Charles S and Gordon Colette G
Bought by
Lucier Thomas Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Kilpatrick Thomas C $346,000 None Listed On Document
Cullinan Reed Austin Alexander $193,000 None Available
Tuttle Leslie $161,000 None Available
Husted Robert L $147,500 --
Lucier Thomas Stephen $135,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kilpatrick Thomas C $301,500
Previous Owner Cullinan Reed Austin Alexander $154,400
Previous Owner Husted Robert L $120,000
Previous Owner Lucier Thomas Stephen $135,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $346,000 -- --
05/31/2023 05/31/23 Sold $346,000 +4.8% $262 / Sq Ft
05/07/2023 05/07/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $330,000 -- $250 / 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 $3,109 $175,700 $0 $175,700
2023 $3,026 $175,700 $0 $175,700
2022 $2,904 $175,700 $0 $175,700
2021 $2,868 $175,700 $0 $175,700
2020 $2,794 $160,400 $0 $160,400
2018 $0 $160,400 $0 $160,400
2017 $2,763 $160,400 $0 $160,400
2016 $2,763 $159,511 $42,098 $117,413
2015 $2,739 $159,511 $42,098 $117,413
2014 $2,700 $159,511 $42,098 $117,413
Source: Public Records

Agents Affiliated with this Home

  • Beth Creaghan

    Seller's Agent in 2023

    Beth Creaghan

    EXP Realty LLC

    (336) 213-7625

    1 in this area

    47 Total Sales

    Section Image

  • J

    Buyer's Agent in 2023

    Josie Hall

    Berkshire Hathaway HomeService

    (919) 280-3200

    1 in this area

    15 Total Sales

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2508685

Doorify MLS

APN: 9798451394.097

North Carolina Orange County Chapel Hill 27517 The Oaks

1502 Oak Tree Dr Unit 1502, Chapel Hill, NC

This home is located at 1502 Oak Tree Dr Unit 1502, Chapel Hill, NC 27517 since 04 May 2023 and is currently estimated at $344,192, approximately $260 per square foot. This property was built in 1974. 1502 Oak Tree Dr Unit 1502 is a home located in Orange County with nearby schools including Rashkis Elementary School, Culbreth Middle School, and East Chapel Hill High School.

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