$616,000 - $828,000
RENTED SEP 9, 2024

221 Towne Ridge Ln Chapel Hill, NC 27516

Lake Hogan Farms Neighborhood
4 Beds
3 Baths
3,301 Sq Ft
$204 Price per Sq Ft

Last Sold September 02, 2020

Last sale price $400,000 $121 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,268/month

Highlights

  • Attached Garage
  • Living Room
  • Central Heating and Cooling System
  • Morris Grove Elementary School Rated A
  • Laundry Room
  • Dining Room

About This Home

As of September 2024

Available April 1 this luxury townhome nestled in a cul-de-sac overlooking a creek. Lake Hogan Farms is a 300 acre community that features: private community pool, basketball and tennis courts, playground, walking and biking trails, a 12 acre lake and clubhouse.

Features include: Granite countertops and open floor plan. Four bedrooms and 3.5 baths on four levels. Hardwood floors throughout main level. Large walk out basement that leads out to a patio entertaining area. Fresh paint between occupancy. Tons of storage!

Close proximity to both Durham and Chapel Hill, this townhome will not last. Leasing special! Sign a lease by 2/1 and receive half off April Rent!

Offered for lease by Park Real Estate Management - Nicole Galiger & Shannon Mahoney.

Last Agent to Rent the Property

Nicole Galiger

Park Real Estate Management License #289671 Listed on: 09/02/2024

Park Real Estate Management

Last Renter's Agent

Errin Humbert

Park Real Estate Management License #345867

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,903

Year Built

  • Built in 2005

Parking

  • Attached Garage

Interior Spaces

  • 3,301 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $3,000
  • Property Available on 10/1/24
  • Tenant pays for electricity, gas
  • The owner pays for association fees
  • 12 Month Lease Term

Community Details

Overview

  • Property has a Home Owners Association

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,903

Year Built

Built in 2005

Lot Details

0

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: 12 Months
  • Owner Pays: Association Fees
  • Available Date: 2024-10-01

Listing Details

  • Year Built: 2005
  • Prop. Type: Residential Lease
  • Above Grade Finished Sq Ft: 3301.0
  • Unit Levels: Three Or More
  • Cooling Central Air: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Living Room2: Yes
  • Levels Three Or More: Yes
  • Contract Information Lease Term: 12 Months
  • Contract Information Availability Date: 2024-10-01
  • Contract Information Security Deposit2: 3000.0
  • General Property Information Above Grade Finished Area: 3301.0
  • Room Types Laundry2: Yes
  • General Property Information Lot Size Square Feet2: 1.0
  • Pets Allowed Yes2: Yes
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Laundry Features:In Unit: Yes

Garage/Parking

  • Attached Garage: Yes
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Owner Pays:Association Fees: Yes
  • General Property Information:Association YN: Yes

Lot Info

  • Lot Size Sq Ft: 1.0
  • ResoLotSizeUnits: Square Feet
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2020
Closed on
Aug 19, 2020
Sold by
Baldwin Pamela Monique
Bought by
Berlatt Stacy and Berlatt Jason
Seller's Agent
Kelly Wirt
Kelly Wirt Realty Group, LLC
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%
Current Estimated Value
$674,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,585
Avg. Annual Appreciation
11.16%
Original Mortgage
$360,000
Outstanding Balance
$323,624
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$350,961

Purchase Details

Closed on
Jan 28, 2017
Sold by
Deemer Russel C and Paranova Deemer Vanya V
Bought by
Baldwin Pamela Monique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,550
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2010
Sold by
Bannout Issam Ali and Bannout Debbie Jean
Bought by
Deemer Russelo C and Parvanova Deemer Vanya V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,014
Interest Rate
4.74%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 5, 2005
Sold by
Homescape Building Co
Bought by
Bannout Issam Ali and Bannout Debbie Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,600
Interest Rate
5.71%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 27, 2005
Sold by
Homescape Development Co Inc
Bought by
Homescape Building Co
Source: Public Records

Range of Values:

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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
Berlatt Stacy $400,000 None Available
Baldwin Pamela Monique $389,000 None Available
Deemer Russelo C $315,000 None Available
Bannout Issam Ali $319,500 --
Homescape Building Co $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berlatt Stacy $360,000
Previous Owner Bladwin Pamela M $354,875
Previous Owner Baldwin Pamela Monique $369,550
Previous Owner Deemer Russel C $286,000
Previous Owner Deemer Russelo C $307,014
Previous Owner Bannout Issam Ali $255,600
Closed Bannout Issam Ali $43,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 Rented $3,000 0.0% --
09/02/2024 09/02/24 For Rent $3,000 +11.1% --
01/24/2024 01/24/24 Rented $2,700 0.0% --
01/18/2024 01/18/24 For Rent $2,700 0.0% --
09/02/2020 09/02/20 Sold $400,000 -4.8% $622 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
03/25/2020 03/25/20 For Sale $420,000 -- $653 / 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 $6,903 $400,200 $75,000 $325,200
2023 $6,786 $400,200 $75,000 $325,200
2022 $6,710 $400,200 $75,000 $325,200
2021 $6,660 $400,200 $75,000 $325,200
2020 $6,239 $359,900 $75,000 $284,900
2018 $6,133 $359,900 $75,000 $284,900
2017 $5,649 $359,900 $75,000 $284,900
2016 $5,649 $330,700 $59,600 $271,100
2015 $4,995 $291,707 $59,558 $232,149
2014 $4,955 $291,707 $59,558 $232,149
Source: Public Records

Agents Affiliated with this Home

  • N

    Landlord's Agent in 2024

    Nicole Galiger

    Park Real Estate Management

    (919) 307-6242

    2 Total Sales

    Section Image
  • Errin Humbert

    Tenant's Agent in 2024

    Errin Humbert

    Park Real Estate Management

    (919) 236-9551

    9 Total Sales

    Section Image
  • Claire Pope

    Buyer's Agent in 2024

    Claire Pope

    Hodge&KittrellSothebysIntlRlty

    (919) 530-9415

    5 in this area

    66 Total Sales

    Section Image
  • Kelly Wirt

    Seller's Agent in 2020

    Kelly Wirt

    Kelly Wirt Realty Group, LLC

    (336) 213-0936

    2 in this area

    266 Total Sales

    Section Image
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Map

Source: Doorify MLS

MLS Number: 10050204

Doorify MLS

APN: 9870123734

North Carolina Orange County Chapel Hill 27516 Lake Hogan Farms

221 Towne Ridge Ln, Chapel Hill, NC

This home is located at 221 Towne Ridge Ln, Chapel Hill, NC 27516 since 02 September 2024 and is currently priced at $674,585. This property was built in 2005. 221 Towne Ridge Ln is a home located in Orange County with nearby schools including Morris Grove Elementary School, McDougle Middle School, and Chapel Hill High School.

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