NOT LISTED FOR SALE

500 Umstead Dr Unit C301 Chapel Hill, NC 27516

Chapel Hill Area

Estimated Value: $181,000 - $219,000

3 Beds
2 Baths
1,162 Sq Ft
1972 Built

Sale Details

Date Sold: May 31, 2024

Last sale price $205,000 $176 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,612 / mo

17 Days on Market

Highlights

  • Transitional Architecture
  • End Unit
  • Tennis Courts
  • Seawell Elementary School Rated A+
  • Community Pool
  • Covered Patio or Porch

About This Home

As of May 2024

Excellent for Investors or residence. Lovely 3 bedroom 2 bathroom Bolinwood condo with a great Chapel Hill location. Very close to downtown Franklin St and UNC. One level living - the top floor of the building. Only one flight of stairs to walk up with building entry on 2nd floor. Spacious living room with 3 panel glass door opening to large covered patio with a nicely located tree offering some privacy. Upgraded, neutral carpet installed 2020 and still looks new. Soothing paint colors for overall fresh feel. Kitchen has newer dishwasher, open pantry and tile backsplash. Refrigerator is included. Three spacious bedrooms. Main with private bathroom. HVAC replaced in 2019. Bolinwood amenities include pool, tennis court, basketball court, laundry facilities and great access to Bolin Creek Park with playground and beautiful waterside trails. Sand volleyball courts also within close walking distance. Free bus route. HOA dues include water, sewer, trash and grounds maintenance.
This condo has been used by current owner as a primary residence and then mid term lease for travel nurses. Has been excellent for both uses.
Coldwell Banker Howard Perry and Walston will hold Earnest Money

Last Agent to Sell the Property

Dawn Lucas

Coldwell Banker - HPW License #165432 Listed on: 05/09/2024

Coldwell Banker - HPW

Last Buyer's Agent

Cowan Griffin

Carolina Realty Of Chapel Hill License #130199

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,888

Year Built

  • Built in 1972

HOA Fees

  • $269 Monthly HOA Fees

Home Design

  • Transitional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,162 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room

Kitchen

  • Electric Oven
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Additional Parking
  • 2 Open Parking Spaces
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • End Unit

Listing and Financial Details

  • Assessor Parcel Number 9789-01-4199.053

Community Details

Overview

  • Association fees include ground maintenance, sewer, trash, water
  • Bolinwood Home Owners Association, Phone Number (888) 565-1226
  • Bolinwood Condominiums Subdivision
  • Maintained Community
  • Community Parking

Amenities

  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,888

Year Built

Built in 1972

Lot Details

0 Sq Ft Lot

HOA Fees

$269 per month

Listing Details

  • Year Built: 1972
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Reso Association Fee Includes: Maintenance Grounds, Sewer, Trash, Water
  • Subdivision Name: Bolinwood Condominiums
  • Above Grade Finished Sq Ft: 1161.5
  • Architectural Style: Transitional
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: No
  • General Property Information Basement YN: No
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Carpet: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: Main
  • Flooring Vinyl: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Utilities Cable Available: Yes
  • General Property Information Association Phone: 888-565-1226
  • Common Walls End Unit: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 269.25
  • General Property Information Above Grade Finished Area: 1161.5
  • Laundry Features Common Area2: Yes
  • Roof Asphalt3: Yes
  • General Property Information:Living Area3: 1161.5
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Electric Oven, Ice Maker, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Ice Maker: Yes

Exterior Features

  • Roof: Asphalt
  • Common Walls: End Unit
  • Construction Type: Brick, Wood Siding, Other
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Brick: Yes
  • Construction Materials:Other8: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Additional Parking, Assigned
  • Total Parking Spaces: 2.0
  • Parking Features:Assigned: Yes
  • Association Amenities:Parking: Yes
  • Parking Features:Additional Parking: Yes
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: Monthly
  • Association Fee: 269.25
  • Association Fee Frequency: Monthly
  • Association Name: Bolinwood Home Owners Association
  • Phone: 888-565-1226
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Bolinwood Home Owners Association
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Fee Includes:Sewer: Yes
  • Association Amenities:Basketball Court: Yes
  • Association Amenities:Laundry: Yes
  • Association Amenities:Water: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 269.25
  • General Property Information:Association Fee Frequency: Monthly
  • General Property Information:Association Fee 2 Frequency: Monthly

Schools

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

Lot Info

  • Parcel #: 9789-01-4199.053

Tax Info

  • Tax Annual Amount: 1888.34
  • Tax Year: 2024

MLS Schools

  • Elementary School: CH/Carrboro - Seawell

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2024
Sold by
Bought by
Current Estimated Value
$200,481

Purchase Details

Listed on
May 9, 2024
Closed on
May 30, 2024
Sold by
Bought by
Seller's Agent
Dawn Lucas
Coldwell Banker - HPW
Buyer's Agent
Cowan Griffin
Carolina Realty Of Chapel Hill
List Price
$214,000
Sold Price
$205,000
Premium/Discount to List
-$9,000
-4.21%
Views
81

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.02%

Purchase Details

Closed on
Oct 6, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,700
Interest Rate
0.0387%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2015
Sold by
Bought by

Purchase Details

Closed on
Aug 7, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
0.0643%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
0.0643%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$205,000 None Listed On Document
$113,000 None Available
$67,500 None Available
$85,000 None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $103,000
Previous Owner $101,700
Previous Owner $73,000
Previous Owner $76,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $205,000 -4.2% $176 / Sq Ft
05/27/2024 05/27/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $214,000 -- $184 / Sq Ft
Source: Doorify MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,907 $210,600 $0 $210,600
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

  • Section Image
  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 10028109

Doorify MLS

APN: 9789014199.053

Your Personal Tour Guide

Ask me questions while you tour the home.