NOT LISTED FOR SALE

2502 New Hope Dr Chapel Hill, NC 27514

New Hope Neighborhood

Estimated Value: $379,547 - $416,000

3 Beds
1 Bath
1,302 Sq Ft
$310/Sq Ft Est. Value

Last Sold November 21, 2022

Last sale price $315,000 $242 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,301/month

18 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Granite Countertops
  • Cedar Ridge High Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of November 2022

The pictures tell the whole story of a meticulously renovated brick ranch, in a quiet neighborhood on a half acre, providing an easy commute to Chapel Hill, Hillsborough, Durham, or Mebane. Perfectly located between Highways 40 and 85. Updates include new HVAC, hot water heater, granite counter tops, stainless appliances and range hood, luxury vinyl kitchen and bath flooring, paint and floor trim, light fixtures, vapor barrier crawl space, and driveway enlargement with new gravel. Beautiful kitchen with plenty of counter space, hardwood flooring in the main rooms, three nice sized bedrooms, a living room, and family room with a fireplace. A nice deck provides outdoor space, as well as shed for additional storage. Washer and dryer included, so just bring yourself and a few things and it's done.

Last Agent to Sell the Property

Muffin Dixon

Hodge&KittrellSothebysIntlRlty License #86063 Listed on: 09/28/2022

Hodge&KittrellSothebysIntlRlty

Last Buyer's Agent

Armand Lenchek

EXP Realty LLC License #208093

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,640

Year Built

  • Built in 1963

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 104 x 261 x 114 x 267
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,302 Sq Ft Home
  • Smooth Ceilings
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Storage
  • Crawl Space
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Electric Range
  • Range Hood
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Garage
  • Front Facing Garage
  • Gravel Driveway

Outdoor Features

  • Deck
  • Porch

Schools

  • New Hope Elementary School
  • A L Stanback Middle School
  • Cedar Ridge High School

Utilities

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

Community Details

  • No Home Owners Association
  • Hills Of New Hope Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,640

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Year Built: 1963
  • Prop. Type: Residential
  • Subdivision Name: Hills of New Hope
  • Above Grade Finished Sq Ft: 1302.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 1302.0
  • General Property Information Total Unfinished Area2: 1302.0
  • General Property Information Lot Size Dimensions: 104 x 261 x 114 x 267
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Architectural Style Ranch: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Cooling:Electric: Yes
  • Flooring Hardwood: Yes
  • Interior Features Smooth Ceilings: Yes
  • Lot Features Hardwood Trees: Yes
  • Water Source Well: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Room Types Breakfast Room: Yes
  • Laundry Features Laundry Closet: Yes
  • General Property Information Above Grade Finished Area: 1302.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 25700.4
  • General Property Information Lot Size Acres: 0.59
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Luxury Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Eat-in Kitchen, Granite Counters, Smooth Ceilings, Storage
  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Range Hood, Refrigerator, Self Cleaning Oven, Washer
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Granite Counters: Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Storage3: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.59
  • Construction Type: Brick
  • Patio And Porch Features: Deck, Porch
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Garage Faces Front, Gravel
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Gravel: Yes

Utilities

  • Heating: Electric, Forced Air, Heat Pump
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Orange - Cedar Ridge
  • Middle Or Junior School: Orange - A L Stanback

Lot Info

  • Lot Dimensions: 104 x 261 x 114 x 267
  • Lot Size Sq Ft: 25700.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1640.0

MLS Schools

  • Elementary School: Orange - New Hope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Nov 17, 2022
Sold by
Kirkland Donna G and Kirkland Steven Long
Bought by
Grewen Karen
Seller's Agent
Muffin Dixon
Hodge&KittrellSothebysIntlRlty
Buyer's Agent
Armand Lenchek
EXP Realty LLC
List Price
$320,000
Sold Price
$315,000
Premium/Discount to List
-$5,000
-1.56%
Views
15
Current Estimated Value
$386,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,917
Avg. Annual Appreciation
7.08%
Original Mortgage
$250,000
Outstanding Balance
$243,717
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$136,265

Purchase Details

Closed on
Jan 18, 2000
Bought by
Gordon
Source: Public Records

Range of Values:

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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
Grewen Karen $315,000 --
Gordon $256,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grewen Karen $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $315,000 -- --
11/21/2022 11/21/22 Sold $315,000 -1.6% $242 / Sq Ft
10/16/2022 10/16/22 Pending -- -- --
09/28/2022 09/28/22 For Sale $320,000 -- $246 / 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 $2,311 $221,100 $45,000 $176,100
2023 $2,210 $221,100 $45,000 $176,100
2022 $1,822 $180,500 $45,000 $135,500
2021 $1,782 $180,500 $45,000 $135,500
2020 $1,825 $174,500 $50,000 $124,500
2018 $0 $174,500 $50,000 $124,500
2017 $1,453 $174,500 $50,000 $124,500
2016 $1,453 $140,564 $34,351 $106,213
2015 $1,453 $140,564 $34,351 $106,213
2014 $1,433 $140,564 $34,351 $106,213
Source: Public Records

Agents Affiliated with this Home

  • Muffin Dixon

    Seller's Agent in 2022

    Muffin Dixon

    Hodge&KittrellSothebysIntlRlty

    (919) 210-5237

    1 in this area

    17 Total Sales

    Section Image
  • Armand Lenchek

    Buyer's Agent in 2022

    Armand Lenchek

    EXP Realty LLC

    (919) 624-3692

    3 in this area

    247 Total Sales

    Section Image
  • Michelle Lytle-Westrom

    Buyer Co-Listing Agent in 2022

    Michelle Lytle-Westrom

    EXP Realty LLC

    (919) 636-9024

    1 in this area

    51 Total Sales

    Section Image
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Map

Source: Doorify MLS

MLS Number: 2476409

Doorify MLS

APN: 9882116653

North Carolina Orange County Chapel Hill 27514 New Hope

2502 New Hope Dr, Chapel Hill, NC

This home is located at 2502 New Hope Dr, Chapel Hill, NC 27514 since 28 September 2022 and is currently estimated at $403,887, approximately $310 per square foot. This property was built in 1963. 2502 New Hope Dr is a home located in Orange County with nearby schools including New Hope Elementary School, A.L. Stanback Middle School, and Cedar Ridge High.

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.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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