NOT LISTED FOR SALE

2703 Forest Creek Rd Chapel Hill, NC 27514

Estimated Value: $1,743,000 - $2,422,609

2.49 Acres
$879,600 Price per Acre
108,464 Sq Ft Lot

Last Sold May 02, 2022

Last sale price $665,000

Est. 229% increase in value since last sale

Current estimated payment $12,223/month

8 Days on Market

Highlights

  • Wooded Lot
  • Brush Vegetation
  • Level Lot
  • Cedar Ridge High Rated A-

About This Lot

As of May 2022

A Rare Find! This property is one of the last vacant lots in the coveted Creek Wood neighborhood. Lot 60 is on a 2.49-acre parcel that backs to hundreds of acres of conservation land. 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. Creek Wood is conveniently located to Duke, UNC and RTP.

Last Agent to Sell the Property

Jennifer Patterson

Keller Williams Elite Realty License #238227 Listed on: 03/24/2022

Keller Williams Elite Realty

Last Buyer's Agent

Lucia Cooke

Cooke Property License #145321

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,102

Lot Details

  • 2.49 Acre Lot
  • Property fronts a private road
  • Brush Vegetation
  • Level Lot
  • Cleared Lot
  • Wooded Lot

Schools

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

Utilities

  • Shared Well
  • Perc Test On File For Septic Tank
  • Septic Needed

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

$9,102

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Private Road
  • Subdivision Name: Creek Wood
  • Sewer Septic Needed: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Water Available: Yes
  • Water Source Shared Well: Yes
  • Restrictions Architectural Review: Yes
  • Vegetation Cleared2: Yes
  • Vegetation Brush: Yes
  • Sewer Perc Test On File: Yes
  • General Property Information Lot Size Acres: 2.49
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 2.49
  • Lot Features:Level: Yes

Utilities

  • Utilities: Water Available, None
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 108464.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Orange - New Hope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Apr 29, 2022
Sold by
Scott Albert Michell
Bought by
Annex Brian and Schildkraut Joellen
Seller's Agent
Jennifer Patterson
Keller Williams Elite Realty
Buyer's Agent
Lucia Cooke
Cooke Property
List Price
$600,000
Sold Price
$665,000
Premium/Discount to List
$65,000
10.83%
Current Estimated Value
$2,190,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,525,203
Avg. Annual Appreciation
40.71%

Purchase Details

Closed on
Oct 19, 1999
Bought by
Albert and Albert
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
Annex Brian $665,000 Lockamy Law Firm Pa
Annex Brian $665,000 None Listed On Document
Albert $236,100 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $665,000 -- --
05/02/2022 05/02/22 Sold $665,000 +10.8% --
04/01/2022 04/01/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $600,000 -- --
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 $9,102 $1,969,400 $625,000 $1,344,400
2024 $8,725 $1,452,300 $495,000 $957,300
2023 $4,757 $495,000 $495,000 $0
2022 $4,687 $495,000 $495,000 $0
2021 $4,554 $495,000 $495,000 $0
2020 $4,298 $441,000 $441,000 $0
2018 $0 $441,000 $441,000 $0
2017 $3,899 $441,000 $441,000 $0
2016 $3,899 $396,879 $396,879 $0
2015 $3,879 $396,879 $396,879 $0
2014 -- $396,879 $396,879 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2438253

Doorify MLS

APN: 9881437308