$165,000
SOLD JUN 7, 2023

500 Umstead Dr Unit 103 Chapel Hill, NC 27516

2 Beds
1.5 Baths
885 Sq Ft
$206/mo HOA Fee

Recently Sold

$186 Per Sq Ft

10% Above List Price

5 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • Cooling Available
  • Seawell Elementary School Rated A+
  • Walk-In Closet
  • Bathtub with Shower

About This Home

As of June 2023

MOVE IN READY! Freshly painted & carpeted first-floor condo in the heart of Chapel Hill. Open LR/dining area + user-friendly kitchen. 2 BR, one full + one half bath. Repairs done. 2 assigned parking spots. Washer/dryer located in complex (not in unit). Enjoy pool, tennis, basketball courts. Close to UNC campus & downtown Chapel Hill + picturesque Umstead Park, Bolin Creek Trail, and N Bus Route. Investors welcome!

Last Agent to Sell the Property

Judy Weinstock

Keller Williams Central License #160427 Listed on: 05/05/2023

Keller Williams Central

Last Buyer's Agent

Lesly Penick

JA REALTY & CONSULTING LLC License #317718

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,639

Year Built

  • Built in 1972

HOA Fees

  • $206 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Masonite

Interior Spaces

  • 885 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Bathtub with Shower

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Bolinwood Owners Assoc Association
  • Bolinwood Condominiums Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,639

Year Built

Built in 1972

Lot Details

0

HOA Fees

$206 per month

Listing Details

  • Year Built: 1972
  • Prop. Type: Residential
  • Subdivision Name: Bolinwood Condominiums
  • Above Grade Finished Sq Ft: 885.0
  • Architectural Style: Traditional
  • 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: per survey
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Carpet: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: M
  • Interior Features LivingDining Room Combination: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • General Property Information Above Grade Finished Area: 885.0
  • General Property Information Carport YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Tile
  • Interior Amenities: Bathtub/Shower Combination, Living/Dining Room Combination, Pantry, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: 1st Floor
  • Total Bedrooms: 5
  • Appliances Dishwasher: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Construction Type: Brick, Masonite
  • Construction Materials:Masonite: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 205.67
  • Association Fee Frequency: Monthly
  • Association Name: Bolinwood Owners Assoc
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Bolinwood Owners Assoc
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 205.67
  • 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: per survey

Tax Info

  • Tax Annual Amount: 1639.0
  • Tax Year: 2022

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

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Range of Values:

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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: 2509273

Doorify MLS

APN: 9789014199.087