NOT LISTED FOR SALE

2502 Jones Ferry Rd Chapel Hill, NC 27516

Estimated Value: $343,000 - $717,085

3 Beds
1.5 Baths
2,481 Sq Ft
$188/Sq Ft Est. Value

Last Sold July 31, 2024

Last sale price $375,000 $151 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,774/month

7 Days on Market

Highlights

  • Newly Remodeled
  • Wooded Lot
  • Wood Flooring
  • McDougle Middle School Rated A
  • Traditional Architecture
  • No HOA

About This Home

As of July 2024

Bring your vision to this beautiful 5.4+ acres just minutes from Carrboro and Chapel Hill. Enjoy morning strolls though the woods and entertain friends and family and bbq in the backyard. Frontage on both Jones Ferry Rd and Damascus Church Rd. Relatively flat lot with mature hardwoods. The home is over 1600 sf and is waiting for your updates or use the plans provided in the documents. Build an ADU on the property for extended family or to use as a rental (subject to county planning department approval). Tons of potential on a beautiful property in an amazing location. Hurry, this one won't last!

But wait. There's more. Basement has a separate entrance that can be added to living space.

There's a fenced area to grow veggies and a large shed for storage.

Last Agent to Sell the Property

Robert Gonzalez

NorthGroup Real Estate, Inc. License #303358 Listed on: 06/03/2024

NorthGroup Real Estate, Inc.

Co-Listed By

Joel Sivertsen

NorthGroup Real Estate, Inc. License #291927

Last Buyer's Agent

Non Member

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,692

Year Built

  • Built in 1961 | Newly Remodeled

Lot Details

  • 5.42 Acre Lot
  • Property fronts a state road
  • Brush Vegetation
  • Rectangular Lot
  • Wooded Lot
  • Many Trees

Home Design

  • Traditional Architecture
  • Bi-Level Home
  • Fixer Upper
  • Brick Veneer
  • Slab Foundation
  • Shingle Roof
  • Lead Paint Disclosure

Interior Spaces

  • Built-In Features
  • Bay Window
  • Unfinished Basement
  • Laundry in Basement
  • Washer Hookup

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Electric Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Attic

  • Attic Fan
  • Attic Floors
  • Pull Down Stairs to Attic
  • Permanent Attic Stairs

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • Gravel Driveway
  • Unpaved Parking
  • 3 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Central Air
  • No Heating
  • Vented Exhaust Fan
  • Well
  • Electric Water Heater
  • Septic Tank
  • Septic System
  • Private Sewer
  • Cable TV Available

Additional Features

  • Rear Porch
  • Agricultural

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 9767264959

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,692

Year Built

Built in 1961 | Newly Remodeled

Lot Details

0

Listing Details

  • Year Built: 1961
  • Prop. Type: Residential
  • Road Frontage Type: City Street, State Road
  • Co List Office Mls Id: 77026
  • Co List Office Phone: 704-412-2804
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1751.0
  • Architectural Style: Traditional
  • Garage Yn: No
  • Unit Levels: Bi-Level
  • New Construction: Yes
  • General Property Information Basement YN: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Attic Fan: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Structure Type Site Built: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Water Source Well: Yes
  • Architectural Style Traditional: Yes
  • Flooring Wood: Yes
  • Laundry Features In Basement: Yes
  • Property Condition Fixer: Yes
  • General Property Information Enhanced Accessible2: No
  • Vegetation Wooded2: Yes
  • Utilities Electricity Available: Yes
  • Utilities Water Available: Yes
  • Basement Unheated: Yes
  • Roof:Shingle: Yes
  • Heating None12: Yes
  • General Property Information Above Grade Finished Area: 1751.0
  • General Property Information Below Grade Finished Area: 730.0
  • Security Features Fire Alarm: Yes
  • Flooring Concrete3: Yes
  • Laundry Features Washer Hookup: Yes
  • Utilities Electricity Connected: Yes
  • Common Walls No Common Walls: Yes
  • Utilities Phone Connected: Yes
  • Vegetation Brush: Yes
  • Utilities Cable Connected: Yes
  • Road Frontage Type State Road: Yes
  • Disclosures Lead Based Paint: Yes
  • Laundry Features Lower Level: Yes
  • Cooling Window Unit(s): Yes
  • Security Features Carbon Monoxide Detector(s): Yes
  • Utilities Septic Available: Yes
  • General Property Information Lot Size Square Feet2: 236095.2
  • Levels Bi-Level: Yes
  • Sewer Private Sewer: Yes
  • General Property Information Lot Size Acres: 5.42
  • Cooling Exhaust Fan2: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Ceramic Tile, Combination, Concrete, Hardwood, Wood
  • Interior Amenities: Built-in Features, Laminate Counters
  • Basement: Unfinished, Unheated
  • Appliances: Dishwasher, Electric Oven, Electric Water Heater, Exhaust Fan, Free-Standing Electric Range, Free-Standing Gas Oven
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 730.0
  • Total Bedrooms: 2
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Attic Features:Floored: Yes
  • Basement:Unfinished: Yes
  • Attic Features:Permanent Stairs: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Appliances:Free-Standing Gas Oven: Yes
  • Interior Features:Built-in Features: Yes
  • Appliances:Exhaust Fan: Yes
  • Interior Features:Laminate Counters: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 5.42
  • Disclosures: Lead Based Paint, Seller Disclosure
  • Common Walls: No Common Walls
  • Construction Type: Brick, Brick Veneer
  • Foundation Details: Slab
  • Patio And Porch Features: Porch, Rear Porch, Side Porch
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Brick Veneer: Yes
  • Construction Materials:Brick: Yes
  • Patio and Porch Features:Side Porch: Yes
  • Lot Features:Many Trees: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Lot Features:Rectangular Lot: Yes
  • Window Features:Bay Window(s): Yes
  • Lot Features:Agricultural: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
  • Parking Features: Gravel, On Site, Outside, Unpaved
  • Total Parking Spaces: 3.0
  • Parking Features:Gravel: Yes
  • Parking Features:Unpaved: Yes
  • Parking Features:Outside3: Yes
  • Parking Features:On Site: Yes
  • General Property Information:Parking Total: 3.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 3.0

Utilities

  • Utilities: Cable Connected, Electricity Available, Electricity Connected, Phone Connected, Septic Available, Water Available
  • Heating: None
  • Cooling: Attic Fan, Central Air, Exhaust Fan, Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: No
  • Water Source: Well
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • 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 - McDougle

Lot Info

  • Lot Size Sq Ft: 236095.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 9767264959

Tax Info

  • Tax Annual Amount: 3691.77
  • Tax Year: 2023

MLS Schools

  • Elementary School: CH/Carrboro - Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Jul 11, 2024
Sold by
Valhalla Investments Llc
Bought by
Petrilli William A and Arcuri Petrilli Laura
Seller's Agent
Robert Gonzalez
NorthGroup Real Estate, Inc.
Buyer's Agent
Non Member
Non Member Office
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%
Views
30
Current Estimated Value
$465,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,521
Avg. Annual Appreciation
19.93%
Original Mortgage
$392,950
Outstanding Balance
$388,148
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
$77,373

Purchase Details

Closed on
Apr 8, 2024
Sold by
Reed Anna Loy
Bought by
Valhalla Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 1998
Bought by
Reed
Source: Public Records

Range of Values:

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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
Petrilli William A $375,000 None Listed On Document
Valhalla Investments Llc $300,000 None Listed On Document
Reed $221,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrilli William A $392,950
Previous Owner Valhalla Investments Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2024 07/31/24 Sold $375,000 -6.0% $151 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $399,000 -- $161 / 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 $3,557 $384,900 $217,900 $167,000
2024 $3,918 $317,900 $170,100 $147,800
2023 $2,638 $317,900 $170,100 $147,800
2022 $2,572 $317,900 $170,100 $147,800
2021 $2,664 $317,900 $170,100 $147,800
2020 $2,432 $277,100 $139,900 $137,200
2018 $3,339 $277,100 $139,900 $137,200
2017 $3,116 $277,100 $139,900 $137,200
2016 $3,116 $252,518 $142,112 $110,406
2015 $3,110 $252,518 $142,112 $110,406
2014 $3,053 $252,518 $142,112 $110,406
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10033221

Doorify MLS

APN: 9767264959