NOT LISTED FOR SALE

503 Oak Tree Dr Unit 503 Chapel Hill, NC 27517

The Oaks Neighborhood

Estimated Value: $295,000 - $327,000

2 Beds
2.5 Baths
1,150 Sq Ft
$395/mo HOA Fee

Last Sold October 20, 2023

Last sale price $286,500 $249 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,321/month

48 Days on Market

Highlights

  • Clubhouse
  • Traditional Architecture
  • Home Office
  • Rashkis Elementary School Rated A
  • Community Pool
  • Covered patio or porch

About This Home

As of October 2023

Prime location in Chapel Hill, two miles from campus, with nearby bus stop only steps away for free Chapel Hill Transit. Nearby restaurants, stores, banks etc.. Close to community pool and clubhouse. New luxury vinyl entire downstairs and in full baths up. New, extra padded carpet, on stairway and upstairs hallway and bedrooms. Kitchen updated several years ago with new cabinets and Corian counters and sink. New HVAC in March 2023. Nice room on main, to the right at entrance, that would make a great office or dining area. Both bedrooms up. One with full in-suite bath and the other a full hall bath. Nice sized closets in bedrooms.

Last Agent to Sell the Property

Mike Mauriello

Coldwell Banker - HPW License #195676 Listed on: 07/26/2023

Coldwell Banker - HPW

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,617

Year Built

  • Built in 1974

Lot Details

  • 1

HOA Fees

  • $395 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 1,150 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Home Office
  • Pull Down Stairs to Attic

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Accessible Home Design

  • Accessible Washer and Dryer

Outdoor Features

  • Covered patio or porch
  • Rain Gutters

Schools

  • Rashkis Elementary School
  • Grey Culbreth Middle School
  • East Chapel Hill High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, sewer, trash, water
  • Cas Association, Phone Number (919) 403-1400
  • The Oaks Condos Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,617

Year Built

Built in 1974

Lot Details

0

HOA Fees

$395 per month

Listing Details

  • Year Built: 1974
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
  • Subdivision Name: The Oaks Condos
  • Above Grade Finished Sq Ft: 1150.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Condominium
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Interior Features BathtubShower Combination: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: 2
  • Room Types Living Room2: Yes
  • General Property Information Association Phone: 919-403-1400
  • General Property Information Above Grade Finished Area: 1150.0
  • General Property Information Carport YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Luxury Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Entrance Foyer
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 5
  • Community Features:Pool2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Community Features:Street Lights: Yes
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Type: Brick, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio, Porch
  • Accessibility Features:Accessible WasherDryer: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Pool, Street Lights
  • Association Fee: 395.0
  • Association Fee Frequency: Monthly
  • Association Name: CAS
  • Phone: 919-403-1400
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: CAS
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: 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 YN: Yes
  • General Property Information:Association Fee: 395.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: CH/Carrboro - East Chapel Hill
  • Middle Or Junior School: CH/Carrboro - Grey Culbreth

Lot Info

  • Lot Dimensions: 0

Tax Info

  • Tax Annual Amount: 2617.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: CH/Carrboro - Rashkis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 1995
Bought by
Mount
Current Estimated Value
$309,186
Source: Public Records

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 Buyer Sale Price Title Company
Mount $201,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mount Loretta Jane $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $286,500 -- --
10/20/2023 10/20/23 Sold $286,500 -6.1% $249 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $305,000 +6.5% $265 / Sq Ft
07/26/2023 07/26/23 Off Market $286,500 -- --
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 $2,796 $157,000 $0 $157,000
2023 $2,726 $157,000 $0 $157,000
2022 $2,617 $157,000 $0 $157,000
2021 $2,585 $157,000 $0 $157,000
2020 $2,314 $130,700 $0 $130,700
2018 $2,255 $130,700 $0 $130,700
2017 $2,601 $130,700 $0 $130,700
2016 $2,601 $151,910 $42,098 $109,812
2015 $2,601 $151,910 $42,098 $109,812
2014 $2,542 $151,910 $42,098 $109,812
Source: Public Records

Agents Affiliated with this Home

  • Mike Mauriello

    Seller's Agent in 2023

    Mike Mauriello

    Coldwell Banker - HPW

    (919) 619-2918

    2 in this area

    20 Total Sales

    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non Member Office

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Map

Source: Doorify MLS

MLS Number: 2523639

Doorify MLS

APN: 9798451394.028

North Carolina Orange County Chapel Hill 27517 The Oaks

503 Oak Tree Dr Unit 503, Chapel Hill, NC

This home is located at 503 Oak Tree Dr Unit 503, Chapel Hill, NC 27517 since 26 July 2023 and is currently estimated at $311,676, approximately $271 per square foot. This property was built in 1974. 503 Oak Tree Dr Unit 503 is a home located in Orange County with nearby schools including Rashkis Elementary School, Culbreth Middle School, and East Chapel Hill High School.

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