NOT LISTED FOR SALE

2584 New Hope Dr Chapel Hill, NC 27514

New Hope Neighborhood

Estimated Value: $101,000 - $110,000

1.2 Acres
$87,917 Price per Acre
52,272 Sq Ft Lot

Last Sold July 16, 2024

Last sale price $100,000 $43 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $618/month

23 Days on Market

About This Lot

As of July 2024

Spacious 1.2-acre building lot in Chapel Hill with flat topography! Quiet neighborhood with no HOA and minimal restrictions allow for creative freedom to design your dream home. Lot features a natural buffer of beautiful trees for privacy while still having plenty of room for a great backyard space!

Lot percs for a 3-5 bedroom home with an engineered septic system.

Last Agent to Sell the Property

Austin Wood

Atmos Realty LLC License #285957 Listed on: 05/15/2024

Last Buyer's Agent

Matt Lunceford Blivin

Nest Realty of the Triangle License #325555

Nest Realty of the Triangle

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $505

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 98x265x335x275
  • Cleared Lot

Schools

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

Utilities

  • Well Required
  • Engineered Septic
  • Perc Test On File For Septic Tank
  • Septic Tank
  • Septic Needed

Community Details

  • No Home Owners Association
  • Hills Of New Hope Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$505

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Other
  • Road Surface Type: Asphalt
  • Subdivision Name: Hills of New Hope
  • General Property Information Lot Size Dimensions: 98X265X335X275
  • Sewer Septic Needed: Yes
  • Vegetation Cleared2: Yes
  • Water Source Need Well: Yes
  • Sewer Perc Test On File: Yes
  • Sewer Engineered Septic: Yes
  • General Property Information Lot Size Square Feet2: 52272.0
  • General Property Information Lot Size Acres: 1.2
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 1.2

Utilities

  • Utilities: See Remarks
  • Water Source: Need Well
  • 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: 98X265X335X275
  • Lot Size Sq Ft: 52272.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 505.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Orange - New Hope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jul 1, 2024
Sold by
Young Kathleen Bowler and Young Donald
Bought by
Ajibade Adebayo and Rodelyne Adebayo Rodelyne
Seller's Agent
Austin Wood
Atmos Realty LLC
Buyer's Agent
Matt Lunceford Blivin
Nest Realty of the Triangle
List Price
$120,000
Sold Price
$100,000
Premium/Discount to List
-$20,000
-16.67%
Views
13
Current Estimated Value
$105,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,500
Avg. Annual Appreciation
8.80%

Purchase Details

Closed on
May 8, 2023
Sold by
Cornett Sheryl and Cornett Thomas
Bought by
Young Kathleen Bowler and Young Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.5%
Mortgage Type
New Conventional
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
Ajibade Adebayo $100,000 None Listed On Document
Young Kathleen Bowler $90,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ajibade Adebayo $800,000
Previous Owner Young Kathleen Bowler $72,000
Previous Owner Earl Sheryl $210,000
Previous Owner Earl Sheryl $46,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2024 07/16/24 Sold $100,000 -16.7% $43 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $120,000 -- $52 / 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 $531 $54,000 $54,000 $0
2023 $505 $54,000 $54,000 $0
2022 $503 $54,000 $54,000 $0
2021 $491 $54,000 $54,000 $0
2020 $386 $40,000 $40,000 $0
2018 $379 $40,000 $40,000 $0
2017 $251 $40,000 $40,000 $0
2016 $251 $26,220 $26,220 $0
2015 $251 $26,220 $26,220 $0
2014 $251 $26,220 $26,220 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Austin Wood

    Atmos Realty LLC

    Section Image
  • Matt Lunceford Blivin

    Buyer's Agent in 2024

    Matt Lunceford Blivin

    Nest Realty of the Triangle

    (919) 323-0527

    2 in this area

    74 Total Sales

    Matt Lunceford Blivin
    Section Image
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Map

Source: Doorify MLS

MLS Number: 10029302

Doorify MLS

APN: 9882112350

North Carolina Orange County Chapel Hill 27514 New Hope

2584 New Hope Dr, Chapel Hill, NC

This home is located at 2584 New Hope Dr, Chapel Hill, NC 27514 since 15 May 2024 and is currently estimated at $105,500, approximately $45 per square foot. 2584 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.

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