NOT LISTED FOR SALE

208 Jay St Chapel Hill, NC 27516

Estimated Value: $738,000 - $870,000

8 Beds
6 Baths
3,181 Sq Ft
$251/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $757,500 $238 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,993/month

3 Days on Market

Highlights

  • No HOA
  • Smith Middle School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of April 2024

An investor's home-run listed at $80K BELOW APPRAISED VALUE! Gigantic duplex with 4 bedrooms (plus office/flex room) & 2.5 bathrooms - EACH SIDE! So close to UNC Chapel Hill campus & downtown Carrboro, with access to Bus Line N. Adjacent to Umstead Park, enjoy a direct connection to Tanyard Branch Trail and walk along Bolin Creek.
Chapel Hill Carrboro City Schools. Leases in place for both units.
For those searching for a multi-unit property with equity, in an outstanding location, with tenants already in place - this is the one!

Last Agent to Sell the Property

Michael Hugelmeyer

Keller Williams Elite Realty License #299211 Listed on: 04/22/2024

Keller Williams Elite Realty

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,129

Year Built

  • Built in 2000

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Duplex
  • HardiePlank Type

Interior Spaces

  • 3,181 Sq Ft Home
  • 2-Story Property
  • Free-Standing Electric Range

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • Additional Parking
  • 4 Open Parking Spaces

Schools

  • Northside Elementary School
  • Smith Middle School
  • Chapel Hill High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 9788092562

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Tanyard Creek Subdivision

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,129

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Year Built: 2000
  • Prop. Type: Residential Income
  • Subdivision Name: Tanyard Creek
  • Above Grade Finished Sq Ft: 3181.0
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Effective Year Built: 2000
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Spa YN: No
  • Contract Information Lease Term: Month To Month
  • General Property Information Above Grade Finished Area: 3181.0
  • General Property Information Carport YN: No
  • Structure Type Duplex: Yes
  • General Property Information Lot Size Square Feet2: 7841.0
  • General Property Information Lot Size Acres: 0.18
  • General Property Information Stories2: 2
  • General Property Information:Living Area3: 3181.0
  • General Property Information Waterfront YN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Renovated: 2000

Interior Features

  • Private Spa: No
  • Appliances: Electric Range, Electric Water Heater, Free-Standing Electric Range
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Stories: 2
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Free-Standing Electric Range: Yes

Exterior Features

  • Acres: 0.18
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Home Warranty: No
  • Common Walls: 1 Common Wall
  • Construction Type: HardiPlank Type
  • Construction Materials:HardiPlank Type: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Additional Parking
  • Parking Features:Additional Parking: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 7841.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 9788092562

Rental Info

  • Lease Term: Month To Month

Tax Info

  • Tax Annual Amount: 7129.14
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Furnished: None
  • Number Of Units Leased: 2
  • Number of Month to Month Units: 1

MLS Schools

  • Elementary School: CH/Carrboro - Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Apr 24, 2024
Sold by
Jay Street Holding Llc
Bought by
Egbuna Family Living Trust and Egbuna
Seller's Agent
Michael Hugelmeyer
Keller Williams Elite Realty
Buyer's Agent
Non Member
Non Member Office
List Price
$795,000
Sold Price
$757,500
Premium/Discount to List
-$37,500
-4.72%
Views
57
Current Estimated Value
$797,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,056
Avg. Annual Appreciation
3.01%
Original Mortgage
$530,250
Outstanding Balance
$522,114
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$275,442

Purchase Details

Closed on
Nov 18, 2020
Sold by
Emami Kiarash and Nejad Sharareh
Bought by
Jay Street Holding Llc

Purchase Details

Closed on
Jul 3, 2013
Sold by
S Woodrow Investments Llc
Bought by
Emami Kiarash

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,700
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2008
Sold by
Stutz Cornelia M
Bought by
S Woodrow Investments Llc and E Jane Investments Llc

Purchase Details

Closed on
Dec 21, 2006
Sold by
Md Property Management Llc
Bought by
Stutz Cornelia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2004
Sold by
Anna Lauren & Margaret Brooke Rogers Tr
Bought by
Reinstein David and Kulp Melody N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.24%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 12, 2002
Sold by
Rogers Anna Lauren and Rogers Margaret Brooke
Bought by
Rogers Anna Lauren and Margaret Brooke Rogers Trust

Purchase Details

Closed on
Oct 7, 2002
Sold by
Anna Lauren & Margaret Brooke Rogers Tr
Bought by
Rogers Margaret Brooke and Rogers Anna Lauren
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Egbuna Family Living Trust $757,500 None Listed On Document
Jay Street Holding Llc $441,000 None Available
Emami Kiarash $323,000 None Available
S Woodrow Investments Llc $336,000 None Available
Stutz Cornelia M $345,000 None Available
Reinstein David $360,000 --
Rogers Anna Lauren -- --
Rogers Margaret Brooke -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Egbuna Family Living Trust $530,250
Previous Owner Emami Kiarash $290,700
Previous Owner Stutz Cornelia M $276,000
Previous Owner Reinstein David $288,000
Closed Reinstein David $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2024 04/26/24 Sold $757,500 -4.7% $238 / Sq Ft
04/22/2024 04/22/24 For Sale $795,000 0.0% $250 / Sq Ft
03/15/2024 03/15/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $795,000 0.0% $250 / Sq Ft
03/12/2024 03/12/24 For Sale $795,000 -- $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
2025 $10,229 $761,300 $440,000 $321,300
2024 $7,756 $444,100 $256,000 $188,100
2023 $7,553 $444,100 $256,000 $188,100
2022 $7,246 $444,100 $256,000 $188,100
2021 $7,398 $444,100 $256,000 $188,100
2020 $5,636 $323,000 $150,000 $173,000
2018 $0 $323,000 $150,000 $173,000
2017 $6,628 $323,000 $150,000 $173,000
2016 $6,628 $391,798 $66,324 $325,474
2015 $6,628 $391,798 $66,324 $325,474
2014 -- $391,798 $66,324 $325,474
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 10016067

Doorify MLS

APN: 9788092562