NOT LISTED FOR SALE

1506 Oak Tree Dr Chapel Hill, NC 27517

The Oaks Neighborhood

Estimated Value: $335,000 - $367,000

3 Beds
2 Baths
1,571 Sq Ft
1.42 Acre Lot

Sale Details

Date Sold: February 18, 2025

Last sale price $324,500 $207 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,690 / mo

16 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • 1-Story Property
  • Rashkis Elementary School Rated A
  • Laundry Room
  • Four Sided Brick Exterior Elevation

About This Home

As of February 2025

Welcome to 1506 Oak Tree Drive, a beautifully remodeled 3-bedroom, 2-bathroom condo nestled in the serene Oaks community of Chapel Hill. This top-floor unit boasts vaulted ceilings and a corner fireplace, creating a bright and open living space. Sunlight pours in through expansive windows, highlighting the exposed brick accents and unique architectural details. The primary suite features a spacious walk-in closet and a private bath, offering a comfortable retreat. Recent updates include new carpet, vinyl flooring, fresh paint, modern hardware, and contemporary light fixtures, ensuring a move-in-ready experience. Community has a pool and clubhouse. Landscaping is covered by the HOA and the home comes with a designated parking spot Situated in a quiet complex, this condo offers convenient access to local hotspots such as Meadowmont and East 54, as well as the University of North Carolina. Enjoy the perfect blend of tranquility and accessibility in this charming Chapel Hill home.

Last Agent to Sell the Property

Oliver Evans

LPT Realty, LLC Brokerage Email: oevans@mccluregrouprealty.com License #338737 Listed on: 01/09/2025

LPT Realty, LLC

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • 1.42

HOA Fees

  • $410 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 2nd floor
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,571 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Kitchen

  • Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Community Details

  • The Oaks Owners Association, Phone Number (910) 295-3791
  • The Oaks Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9798-45-1394-101

Property Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

1.42 Acres

HOA Fees

$410 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1974
  • Road Surface Type: None, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 206.56
  • Geocode Confidence: High
  • Attribution Contact: oevans@mccluregrouprealty.com
  • Special Features: None

Interior Features

  • Foundation Details: None
  • Entry Level: 2
  • Fireplace: Yes
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1571
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 1571
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Living Area: 1571
  • Bedroom Main: 3

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Full
  • Patio And Porch Features: Balcony, Covered

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Assigned, Parking Space(s)

Utilities

  • Heating: Forced Air, Heat Pump
  • Sewer: County Sewer
  • Laundry Features: In Unit
  • Cooling: Central Air
  • Water Source: County Water

Condo/Co-op/Association

  • Association Fee: 410
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Association Name: The Oaks Owners Association
  • Phone: 910-295-3791
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 4920.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Parcel Number: 9798-45-1394-101
  • Land Included Yn: 0
  • Zoning Specification: R-1A/R-4

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2025
Closed on
Feb 12, 2025
Sold by
Bought by
Seller's Agent
Oliver Evans
LPT Realty, LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$339,000
Sold Price
$324,500
Premium/Discount to List
-$14,500
-4.28%
Views
38
Current Estimated Value
$353,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,605
Avg. Annual Appreciation
6.17%

Purchase Details

Closed on
Sep 8, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,400
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$324,500 None Listed On Document
$166,000 None Available
$180,000 None Available
$170,500 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $148,500
Previous Owner $162,000
Previous Owner $136,400
Previous Owner $90,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/18/2025 02/18/25 Sold $324,500 -4.3% $207 / Sq Ft
01/25/2025 01/25/25 Pending -- -- --
01/09/2025 01/09/25 For Sale $339,000 -- $216 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,336 $320,700 $0 $320,700
2024 $3,266 $185,400 $0 $185,400
2023 $3,181 $185,400 $0 $185,400
2022 $3,053 $185,400 $0 $185,400
2021 $3,015 $185,400 $0 $185,400
2020 $2,895 $166,700 $0 $166,700
2018 $2,824 $166,700 $0 $166,700
2017 $2,904 $166,700 $0 $166,700
2016 $2,904 $170,761 $42,098 $128,663
2015 $2,934 $170,761 $42,098 $128,663
2014 $2,846 $170,761 $42,098 $128,663
Source: Public Records

Agents Affiliated with this Home

  • Oliver Evans

    Seller's Agent in 2025

    Oliver Evans

    LPT Realty, LLC

    (407) 433-0187

    1 in this area

    38 Total Sales

    Oliver Evans
    Section Image

  • N

    Buyer's Agent in 2025

    Non Member

    NC_CanopyMLS

See All Agents

Map

Source: Canopy MLS

MLS Number: 4211322

Canopy MLS

APN: 9798451394.101

North Carolina Orange County Chapel Hill 27517 The Oaks

1506 Oak Tree Dr, Chapel Hill, NC

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.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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