$115,000
SOLD AUG 15, 2021

500 Umstead Dr Unit 103 Chapel Hill, NC 27516

3 Beds
2 Baths
1,212 Sq Ft
$234/mo HOA Fee

Recently Sold

$95 Per Sq Ft

1 Day on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • 1-Story Property
  • Seawell Elementary School Rated A+
  • Tile Flooring
  • Forced Air Heating and Cooling System

About This Home

As of June 2023

Beautiful three-bedroom, two-bathroom unit with own balcony in the popular Bolinwood Condos, just a half-mile from downtown ChapelHill. Spacious patio and gorgeous interior. Don't miss this one!

Last Agent to Sell the Property

Bill Stevenson

Compass -- Chapel Hill - Durham License #270112 Listed on: 08/14/2021

Compass -- Chapel Hill - Durham

Last Buyer's Agent

Brittany Herman

Fathom Realty NC, LLC License #321825

Fathom Realty NC, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,020

Year Built

  • Built in 1972

HOA Fees

  • $234 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,212 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Seawell Elementary School
  • Smith Middle School
  • Chapel Hill High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, sewer, trash
  • Bolinwood Condominiums Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,020

Year Built

Built in 1972

Lot Details

0

HOA Fees

$234 per month

Listing Details

  • Year Built: 1972
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Sewer, Trash
  • Subdivision Name: Bolinwood Condominiums
  • Above Grade Finished Sq Ft: 1212.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Condominium
  • General Property Information Lot Size Dimensions: Please see public record
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Structure Type Site Built: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Laminate: Yes
  • General Property Information Above Grade Finished Area: 1212.0
  • General Property Information Carport YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 6
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Construction Type: Brick
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Parking Features:Assigned: Yes

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 234.13
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Sewer: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 234.13
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: CH/Carrboro - Chapel Hill
  • Middle Or Junior School: CH/Carrboro - Smith

Lot Info

  • Lot Dimensions: Please see public record

Tax Info

  • Tax Annual Amount: 2020.0
  • Tax Year: 1405

MLS Schools

  • Elementary School: CH/Carrboro - Seawell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2022
Sold by
King Derrick J
Bought by
King Towers Management Group Llc

Purchase Details

Listed on
Aug 14, 2021
Closed on
Aug 8, 2021
Sold by
Antonio Robert Gain and Antonio Tam N
Bought by
King Derrick J
Seller's Agent
Bill Stevenson
Compass -- Chapel Hill - Durham
Buyer's Agent
Brittany Herman
Fathom Realty NC, LLC
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.07%
Original Mortgage
$92,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2008
Sold by
Tyler E Rutland and Tyler Kimberly P
Bought by
Gain Gain Julieta Julieta and Gain Antonio Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,590
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2001
Sold by
Triplett James D
Bought by
Tyler E Rutland

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,950
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed $115,000 None Available
Warranty Deed $86,000 None Available
Warranty Deed $81,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $92,000 New Conventional
Previous Owner $76,400 New Conventional
Previous Owner $76,590 Purchase Money Mortgage
Previous Owner $29,000 Credit Line Revolving
Previous Owner $76,950 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Price Changed $193,000 -10.2% $202 / Sq Ft
07/07/2025 07/07/25 For Sale $215,000 +9.7% $177 / Sq Ft
07/02/2025 07/02/25 For Sale $196,000 +18.8% $205 / Sq Ft
12/15/2023 12/15/23 Off Market $165,000 -- --
12/15/2023 12/15/23 Off Market $115,000 -- --
06/07/2023 06/07/23 Sold $165,000 +10.0% $186 / Sq Ft
05/10/2023 05/10/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $150,000 +30.4% $169 / Sq Ft
08/15/2021 08/15/21 Sold $115,000 0.0% $95 / Sq Ft
08/14/2021 08/14/21 For Sale $115,000 -- $95 / 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 $1,935 $105,500 $0 $105,500
2023 $1,888 $105,500 $0 $105,500
2022 $1,815 $105,500 $0 $105,500
2021 $1,794 $105,500 $0 $105,500
2020 $1,405 $75,000 $0 $75,000
2018 $1,366 $75,000 $0 $75,000
2017 $1,460 $75,000 $0 $75,000
2016 $1,460 $81,580 $24,356 $57,224
2015 $1,460 $81,580 $24,356 $57,224
2014 $1,402 $81,580 $24,356 $57,224
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2401921

Doorify MLS

APN: 9789014199.087