$130,000
SOLD DEC 17, 2021

500 Umstead Dr Unit 204 Chapel Hill, NC 27516

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

Recently Sold

$146 Per Sq Ft

7% Above List Price

7 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • Cooling Available
  • Seawell Elementary School Rated A+
  • Tennis Courts
  • Living Room

About This Home

As of February 2025

**Offer deadline: 8p Friday November 12 (tomorrow). ** Investor alert! Great 2bd/1.5ba condo with large balcony and assigned parking minutes to UNC Chapel Hill. Bolinwood Condos includes pool, on-site laundry, tennis and is walkable to Umstead Park, Bolin Creek Trail, and N Bus Route. Optional on-site property management (add'l $75/mo).

Last Agent to Sell the Property

Amy Gretenstein

Real Estate By Design License #286227 Listed on: 11/04/2021

Last Buyer's Agent

Amy Pomerantz

Keller Williams Elite Realty License #167761

Keller Williams Elite Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,597

Year Built

  • Built in 1972

HOA Fees

  • $206 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Masonite

Interior Spaces

  • 893 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, trash, water
  • Real Estate Associates Association
  • Bolinwood Condominiums Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,597

Year Built

Built in 1972

Lot Details

0

HOA Fees

$206 per month

Listing Details

  • Year Built: 1972
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Trash, Water
  • Subdivision Name: Bolinwood Condominiums
  • Above Grade Finished Sq Ft: 893.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Condominium
  • General Property Information Lot Size Dimensions: see plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: 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
  • Flooring Vinyl: Yes
  • Room Types Living Room2: Yes
  • General Property Information Above Grade Finished Area: 893.0
  • General Property Information Carport YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: 2nd Floor
  • Total Bedrooms: 5
  • Community Features:Street Lights: Yes
  • Appliances:Electric Water Heater: 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: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 205.67
  • Association Fee Frequency: Monthly
  • Association Name: Real Estate Associates
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Real Estate Associates
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • 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: see plat

Tax Info

  • Tax Annual Amount: 1597.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: CH/Carrboro - Seawell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2023
Closed on
Dec 13, 2023
Sold by
Hall Henry Leslie Perry
Bought by
Myo Investments Llc
Seller's Agent
Carmen Vasquez
Vasquez Realty Group, LLC
Buyer's Agent
Daniela De Cabrera
HomeJoy Realty
List Price
$198,900
Sold Price
$204,204
Premium/Discount to List
$5,304
2.67%
Views
52
Current Estimated Value
$207,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,313
Avg. Annual Appreciation
0.46%
Original Mortgage
$153,153
Outstanding Balance
$151,341
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$54,504

Purchase Details

Closed on
Sep 3, 2004
Sold by
Pollitt Phoebe A
Bought by
Hall Henry Leslie Perry

Purchase Details

Closed on
Aug 14, 2003
Sold by
Paletta Douglas Randolph
Bought by
Pollitt Phoebe A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 2, 2001
Sold by
K2sd Llc
Bought by
Paletta Douglas Randolph
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
Warranty Deed $204,500 None Listed On Document
Warranty Deed $77,000 --
Warranty Deed $80,000 --
Warranty Deed $78,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $153,153 New Conventional
Previous Owner $63,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $185,000 0.0% $203 / Sq Ft
01/14/2025 01/14/25 Pending -- -- --
01/10/2025 01/10/25 For Sale $185,000 +42.3% $203 / Sq Ft
12/15/2023 12/15/23 Off Market $130,000 -- --
12/15/2023 12/15/23 Off Market $125,000 -- --
12/13/2023 12/13/23 Sold $204,204 +2.7% $169 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
11/11/2023 11/11/23 For Sale $198,900 +53.0% $164 / Sq Ft
12/17/2021 12/17/21 Sold $130,000 +4.0% $146 / Sq Ft
11/24/2021 11/24/21 Sold $125,000 +2.9% $146 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $121,500 -2.8% $136 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $125,000 -- $146 / 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: 2417290

Doorify MLS

APN: 9789014199.008