NOT LISTED FOR SALE

2527 Creek Ridge Ln Chapel Hill, NC 27514

Estimated Value: $1,637,000 - $2,510,485

1.75 Acres
$1,154,759 Price per Acre
76,230 Sq Ft Lot

Last Sold November 15, 2021

Last sale price $585,000

Est. 245% increase in value since last sale

Current estimated payment $12,344/month

4 Days on Market

Highlights

  • Heavily Wooded Lot
  • Cedar Ridge High Rated A-
  • Level Lot

About This Lot

As of November 2021

This property is one of the last vacant lots in the desirable Creek Wood neighborhood. Lot 38 is on a 1.75-acre parcel that backs up to the Johnston Mill Nature Preserve. The lot is covered with large hardwood trees and has a level building site. Creek Wood is sought after for its beautifully designed features including stone driveway headwalls and meandering sidewalks, and its restrictive covenants protect your investment. Creek Wood is conveniently located to Duke, UNC and RTP.

Last Agent to Sell the Property

Thomas Heffner

Hodge&KittrellSothebysIntlRlty License #23926 Listed on: 09/30/2021

Last Buyer's Agent

Shannon Kennedy

Hodge & Kittrell Sotheby's International Realty License #306758

Hodge & Kittrell Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,204

Lot Details

  • 1.75 Acre Lot
  • Lot Dimensions are 158.47 x 331.52 x 272.82 x 409
  • Level Lot
  • Heavily Wooded Lot

Schools

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

Utilities

  • Shared Well
  • Septic Needed
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Creek Wood Subdivision
  • The community has rules related to alterations or architectural changes

Property Details

Property Type

Land

Est. Annual Taxes

$21,204

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Creek Wood
  • General Property Information Lot Size Dimensions: 158.47 x 331.52 x 272.82 x 409
  • Utilities Cable Available: Yes
  • Sewer Septic Needed: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • Utilities Water Available: Yes
  • Water Source Shared Well: Yes
  • Restrictions Architectural Review: Yes
  • Vegetation Heavily Wooded: Yes
  • General Property Information Lot Size Acres: 1.75
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 1.75
  • Lot Features:Wooded: Yes
  • Lot Features:Level: Yes
  • Lot Features:Rolling Slope: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes

Schools

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

Lot Info

  • Current Use: Vacant
  • Lot Dimensions: 158.47 x 331.52 x 272.82 x 409
  • Lot Size Sq Ft: 76230.0
  • ResoLotSizeUnits: Acres
  • Wooded Area: 1.75
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Orange - New Hope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Nov 2, 2021
Sold by
Mauro Matthew A and Mauro Patricia M
Bought by
Mccollum James Michael and Mccollum Valerie Marie
Seller's Agent
Thomas Heffner
Hodge&KittrellSothebysIntlRlty
Buyer's Agent
Shannon Kennedy
Hodge & Kittrell Sotheby's International Realty
List Price
$585,000
Sold Price
$585,000
Current Estimated Value
$2,020,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,435,828
Avg. Annual Appreciation
36.76%

Purchase Details

Closed on
Feb 28, 2008
Sold by
Welch Donna Jardine and Welch Larry
Bought by
Mauro Matthew A and Mauro Patricia M
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
Mccollum James Michael $585,000 None Available
Mauro Matthew A $350,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2021 11/15/21 Sold $585,000 0.0% --
10/04/2021 10/04/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $585,000 -- --
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 $21,204 $2,759,800 $625,000 $2,134,800
2024 $12,115 $1,209,900 $450,000 $759,900
2023 $4,325 $450,000 $450,000 $0
2022 $4,261 $450,000 $450,000 $0
2021 $4,140 $450,000 $450,000 $0
2020 $4,386 $450,000 $450,000 $0
2018 $0 $450,000 $450,000 $0
2017 $3,392 $450,000 $450,000 $0
2016 $3,392 $345,229 $345,229 $0
2015 $3,375 $345,229 $345,229 $0
2014 -- $345,229 $345,229 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2410866

Doorify MLS

APN: 9881325227