NOT LISTED FOR SALE

505 Monroe St Unit B Chapel Hill, NC 27516

Estimated Value: $475,000 - $602,000

3 Beds
2.5 Baths
1,576 Sq Ft
$350/Sq Ft Est. Value

Highlights

  • Deck
  • Vaulted Ceiling
  • No HOA
  • Smith Middle School Rated A
  • Wood Flooring
  • Skylights

About This Home

As of May 2024

Townhome, duplex style. Near campus. Living room: sloped ceiling, skylights, fireplace. Kitchen: white cabinets, high ceiling, backsplash, stainless appliances, center island, open to kitchen. Washer/dryer on 1st. Hardwoods in living, dining, kitchen; carpet in bedrooms, tile in baths. Bedrooms: mirrored closets. Master on 1st: double door closet, walk-in closet, bathroom- tile surround shower. 2 bedrooms up. 2nd Bath up: tub-shower. Deck. Fenced yard. Storage shed. Pet w/fee, approval. $15/mo filter fee.

Last Agent to Rent the Property

Philip Guin

Louise Beck Properties, Inc License #287645 Listed on: 04/22/2024

Last Renter's Agent

Philip Guin

Louise Beck Properties, Inc License #287645 Listed on: 04/22/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,187

Year Built

  • Built in 1994

Lot Details

  • 8,712

Parking

  • Private Driveway

Home Design

  • Duplex

Interior Spaces

  • 1,576 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • Fireplace
  • Living Room
  • Laundry in unit

Kitchen

  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Security Deposit $3,400
  • Property Available on 8/9/24
  • 12 Month Lease Term

Community Details

Overview

  • No Home Owners Association
  • Forest Hills Place Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,187

Year Built

Built in 1994

Lot Details

0

Rental Info

  • Tenant Pays: Other
  • Lease Term: 12 Months
  • Available Date: 2024-08-09

Listing Details

  • Year Built: 1994
  • Prop. Type: Residential Lease
  • Subdivision Name: Forest Hills Place
  • Above Grade Finished Sq Ft: 1576.0
  • Unit Levels: Two
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Levels Two: Yes
  • Flooring Vinyl: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Flooring Wood: Yes
  • Flooring Laminate: Yes
  • Contract Information Lease Term: 12 Months
  • Contract Information Availability Date: 2024-08-09
  • Contract Information Security Deposit2: 3400.0
  • General Property Information Above Grade Finished Area: 1576.0
  • Structure Type Duplex: Yes
  • Pets Allowed Yes2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Tile, Vinyl, Wood
  • Interior Amenities: Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Appliances Dishwasher: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Skylight(s): Yes

Garage/Parking

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

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2000
Bought by
Bush and Bush
Current Estimated Value
$551,525
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
Bush $241,700 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2024 05/06/24 Rented $3,400 0.0% --
04/22/2024 04/22/24 For Rent $3,400 +21.4% --
12/18/2023 12/18/23 Off Market $2,800 -- --
04/27/2023 04/27/23 Rented $2,800 0.0% --
04/18/2023 04/18/23 For Rent $2,800 -- --
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
2025 $6,187 $461,400 $270,000 $191,400
2024 $6,035 $350,800 $198,000 $152,800
2023 $5,872 $350,800 $198,000 $152,800
2022 $5,630 $350,800 $198,000 $152,800
2021 $5,558 $350,800 $198,000 $152,800
2020 $5,768 $342,500 $198,000 $144,500
2018 $0 $342,500 $198,000 $144,500
2017 $5,176 $342,500 $198,000 $144,500
2016 $5,176 $310,165 $101,255 $208,910
2015 $5,176 $310,165 $101,255 $208,910
2014 $5,128 $310,165 $101,255 $208,910
Source: Public Records

Agents Affiliated with this Home

  • P

    Landlord's Agent in 2024

    Philip Guin

    Louise Beck Properties, Inc

    (919) 401-9300

    Philip Guin
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Map

Source: Doorify MLS

MLS Number: 10024615

Doorify MLS

APN: 9788108810

North Carolina Orange County Chapel Hill 27516

505 Monroe St Unit B, Chapel Hill, NC

This home is located at 505 Monroe St Unit B, Chapel Hill, NC 27516 since 22 April 2024 and is currently priced at $551,525. This property was built in 1994. 505 Monroe St Unit B is a home located in Orange County with nearby schools including Smith Middle School, East Chapel Hill High School, and St. Thomas More Catholic School.

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