NOT LISTED FOR SALE

355 Cedar Lake Rd Unit A Chapel Hill, NC 27516

Estimated Value: $181,915 - $221,000

2 Beds
1 Bath
860 Sq Ft
$180/mo HOA Fee

Last Sold May 11, 2022

Last sale price $182,900 $213 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,358/month

4 Days on Market

Highlights

  • Waterfront
  • Ranch Style House
  • End Unit
  • Margaret B. Pollard Middle School Rated A-
  • 1 Fireplace
  • Porch

About This Home

As of May 2022

Sit on your patio overlooking Cedar Lake. One of Chapel Hill's best kept secrets! Updated one level condo in Chapel Hill, minutes to everything. In a peaceful setting, this home has an open floor plan, a brick wood burning fireplace, all new flooring, newer roof and is freshly painted thru out. All appliances remain. Affordable living in the heart of it all. Great opportunity! Showings begin Friday 4/22 at 4:00.

Last Agent to Sell the Property

Katy McReynolds

Chatham Homes Realty License #248498 Listed on: 04/22/2022

Co-Listed By

Allie Russell

Hodge&KittrellSothebysIntlRlty License #311580

Last Buyer's Agent

Alex Nickodem

Compass -- Chapel Hill - Durham License #300990

Compass -- Chapel Hill - Durham

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,019

Year Built

  • Built in 1977

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $180 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Bungalow
  • Entry on the 1st floor
  • Wood Siding

Interior Spaces

  • 860 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Luxury Vinyl Tile Flooring
  • Water Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio
  • Porch

Schools

  • Chatham Grove Elementary School
  • Margaret B Pollard Middle School
  • Northwood High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Association fees include ground maintenance, maintenance structure, sewer, water
  • Cedar Lake Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,019

Year Built

Built in 1977

Lot Details

0

HOA Fees

$180 per month

Listing Details

  • Year Built: 1977
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Sewer, Water
  • Co List Office Mls Id: 70980
  • Co List Office Phone: 919-545-2333
  • Subdivision Name: Cedar Lake
  • Above Grade Finished Sq Ft: 860.0
  • Architectural Style: Bungalow, Ranch
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Condominium
  • General Property Information Lot Size Dimensions: see condo plat 1/21
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Levels One: Yes
  • Structure Type Site Built: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Living Room2: Yes
  • Architectural Style Bungalow: Yes
  • Common Walls End Unit: Yes
  • Lot Water Features Water View: Yes
  • Lot Water Features Waterfront3: Yes
  • General Property Information Above Grade Finished Area: 860.0
  • General Property Information Carport YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Luxury Vinyl
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: 1st Floor
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Water Body Name: Cedar Lake
  • Waterfront: Yes
  • Common Walls: End Unit
  • Construction Type: Wood Siding
  • Patio And Porch Features: Patio, Porch
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

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

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association Fee: 180.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Fee Includes:Sewer: Yes
  • General Property Information:Association Fee: 180.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Chatham - Northwood
  • Middle Or Junior School: Chatham - Margaret B Pollard

Lot Info

  • Lot Dimensions: see condo plat 1/21

Tax Info

  • Tax Annual Amount: 1019.0

MLS Schools

  • Elementary School: Chatham - Chatham Grove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2022
Closed on
May 9, 2022
Sold by
Sheila Kendrick
Bought by
Difranco Ricardo and Deocampo Gabriella De
Seller's Agent
Katy McReynolds
Chatham Homes Realty
Buyer's Agent
Alex Nickodem
Compass -- Chapel Hill - Durham
List Price
$164,000
Sold Price
$182,900
Premium/Discount to List
$18,900
11.52%
Current Estimated Value
$203,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,829
Avg. Annual Appreciation
3.21%

Purchase Details

Closed on
Aug 26, 2015
Sold by
Banks Matthew Richard and Banks Norja H
Bought by
Kendrick Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,100
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 18, 2000
Bought by
Banks Matthew Richard and Banks Norja H
Source: Public Records

Range of Values:

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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
Difranco Ricardo $366 None Listed On Document
Kendrick Sheila $83,000 Attorney
Banks Matthew Richard $84,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kendrick Sheila $50,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $182,900 -- --
05/11/2022 05/11/22 Sold $182,900 +11.5% $213 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $164,000 -- $191 / 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 $1,124 $115,668 $22,500 $93,168
2023 $1,124 $115,668 $22,500 $93,168
2022 $1,031 $115,668 $22,500 $93,168
2021 $1,019 $115,668 $22,500 $93,168
2020 $844 $92,387 $20,000 $72,387
2019 $844 $92,387 $20,000 $72,387
2018 $800 $92,387 $20,000 $72,387
2017 $800 $92,387 $20,000 $72,387
2016 $806 $92,387 $20,000 $72,387
2015 $795 $92,387 $20,000 $72,387
2014 $781 $92,387 $20,000 $72,387
2013 -- $92,387 $20,000 $72,387
Source: Public Records

Agents Affiliated with this Home

  • Katy McReynolds

    Seller's Agent in 2022

    Katy McReynolds

    Chatham Homes Realty

    (919) 444-1900

    11 in this area

    64 Total Sales

    Katy McReynolds
    Section Image
  • Allie Russell

    Seller Co-Listing Agent in 2022

    Allie Russell

    Hodge&KittrellSothebysIntlRlty

    (919) 624-6919

    9 in this area

    46 Total Sales

    Allie Russell
    Section Image

  • A

    Buyer's Agent in 2022

    Alex Nickodem

    Compass -- Chapel Hill - Durham

    (440) 796-0350

    6 in this area

    76 Total Sales

    Alex Nickodem
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2443828

Doorify MLS

APN: 75711

North Carolina Chatham County Chapel Hill 27516

355 Cedar Lake Rd Unit A, Chapel Hill, NC

This home is located at 355 Cedar Lake Rd Unit A, Chapel Hill, NC 27516 since 22 April 2022 and is currently estimated at $203,729, approximately $236 per square foot. This property was built in 1977. 355 Cedar Lake Rd Unit A is a home located in Chatham County with nearby schools including Margaret B. Pollard Middle School, Woods Charter, and Holy Youth Christian Academy.

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