NOT LISTED FOR SALE

1506 Velma Rd Chapel Hill, NC 27514

Coker Hills Neighborhood

Estimated Value: $920,000 - $1,459,000

3 Beds
4 Baths
2,600 Sq Ft
$499/Sq Ft Est. Value

About This Home

This home is located at 1506 Velma Rd, Chapel Hill, NC 27514 and is currently estimated at $1,297,081, approximately $498 per square foot. 1506 Velma Rd is a home located in Orange County with nearby schools including Estes Hills Elementary School, Phillips Middle School, and East Chapel Hill High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2021
Sold by
Mcdonald Michael John and Mcdonald Matthew Dale
Bought by
Mcdonald Michael John and Li Wei
Current Estimated Value
$1,297,081

Purchase Details

Closed on
Jul 30, 2014
Sold by
Mcdonald Eugene J
Bought by
Mcdonald Eugene John

Purchase Details

Closed on
Jun 10, 2011
Sold by
Rhein James B and Reid Elizabeth
Bought by
Mcdonald Barbara C and Mcdonald Eugene J

Purchase Details

Closed on
Mar 17, 2011
Sold by
White Raymond P and White Betty
Bought by
Reid Elizabeth and Rhein James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
4.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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

Date Buyer Sale Price Title Company
Mcdonald Michael John $950,000 None Available
Mcdonald Eugene John -- None Available
Mcdonald Barbara C $500,000 None Available
Reid Elizabeth $450,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reid Elizabeth $27,000
Source: Public Records

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
2025 $18,754 $1,412,900 $450,000 $962,900
2024 $17,105 $1,003,200 $250,000 $753,200
2023 $16,631 $1,003,200 $250,000 $753,200
2022 $15,938 $1,003,200 $250,000 $753,200
2021 $15,732 $1,003,200 $250,000 $753,200
2020 $16,299 $977,400 $180,000 $797,400
2018 $15,931 $977,400 $180,000 $797,400
2017 $15,117 $977,400 $180,000 $797,400
2016 $15,117 $914,200 $216,200 $698,000
2015 $15,117 $914,200 $216,200 $698,000
2014 $15,062 $914,200 $216,200 $698,000
Source: Public Records

Map

North Carolina Orange County Chapel Hill 27514 Coker Hills

1506 Velma Rd, Chapel Hill, NC

This home is located at 1506 Velma Rd, Chapel Hill, NC 27514 and is currently estimated at $1,297,081, approximately $498 per square foot. 1506 Velma Rd is a home located in Orange County with nearby schools including Estes Hills Elementary School, Phillips Middle School, and East Chapel Hill High School.

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