$204,204
SOLD DEC 13, 2023

500 Umstead Dr Unit 204 Chapel Hill, NC 27516

3 Beds
2 Baths
1,210 Sq Ft
$234/mo HOA Fee

Recently Sold

$169 Per Sq Ft

3% Above List Price

4 Days on Market

Highlights

  • Clubhouse
  • Transitional Architecture
  • Tennis Courts
  • Seawell Elementary School Rated A+
  • Community Pool
  • Bathtub with Shower

About This Home

As of February 2025

Well-sized, comfortable, and move in ready 3 bed, 2 bath condo in a fantastic Chapel Hill location at an affordable price. Brand new luxury vinyl plank flooring throughout. The entire unit has been freshly painted. HVAC is only 3 years old. The HOA pays for water, sewer, and trash. Enjoy easy living with amenities such as pool, tennis courts, and basketball courts. For those who want more activity - walk, run, or bike Bolin Creek Trail, enjoy the sand volleyball courts, or have a fun cook-out at the park. The property is located only a mile and a half from UNC with a bus stop to the free bus line at the front of the property.

Last Agent to Sell the Property

Carmen Vasquez

Vasquez Realty Group, LLC License #285509 Listed on: 11/11/2023

Last Buyer's Agent

Daniela De Cabrera

Danica Realty LLC License #254023

Danica Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,888

Year Built

  • Built in 1972

HOA Fees

  • $234 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Transitional Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,210 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Cooktop
  • Dishwasher

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Schools

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

Utilities

  • Heating Available
  • Electric Water Heater

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,888

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: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Storm Water Maintenance, Trash, Water
  • Subdivision Name: Bolinwood Condominiums
  • Above Grade Finished Sq Ft: 1210.0
  • Architectural Style: Transitional
  • 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: No
  • General Property Information Association Fee 2 Required YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Architectural Style Transitional: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Room Types Primary Bedroom Level: M
  • Appliances Refrigerators: Yes
  • General Property Information Above Grade Finished Area: 1210.0
  • General Property Information Carport YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Flooring: Luxury Vinyl, Tile
  • Interior Amenities: Bathtub/Shower Combination
  • Appliances: Dishwasher, Electric Cooktop, Electric Water Heater, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: 2nd Floor
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Community Features:Pool2: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Cooktop: Yes

Exterior Features

  • Construction Type: Brick, Concrete
  • Foundation Details: Concrete
  • Construction Materials:Brick: Yes
  • Construction Materials:Concrete2: Yes

Garage/Parking

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

Utilities

  • Heating: Electric
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 234.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Fee Includes:Sewer: Yes
  • General Property Information:Association Fee: 234.0
  • 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: 1888.0

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
Danica Realty LLC
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
0.91%
Original Mortgage
$153,153
Outstanding Balance
$150,980
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$56,537

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
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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 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: 2541664

Doorify MLS

APN: 9789014199.008