NOT LISTED FOR SALE

508 Lafayette Dr Hillsborough, NC 27278

Estimated Value: $429,627 - $463,000

3 Beds
2.5 Baths
1,560 Sq Ft
$284/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $385,000 $247 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,787/month

1 Day on Market

Highlights

  • Deck
  • Traditional Architecture
  • 1 Fireplace
  • Cedar Ridge High Rated A-
  • Wood Flooring
  • Porch

About This Home

As of December 2022

This beautiful home with amazing curb appeal and an inviting front porch sits on a large private fenced-in lot in Hillsborough. Sprawling hardwood floors flow throughout the main level and second level. The main living area hosts a wood-burning fireplace making this a perfect room to spend time year-round. This home offers a formal dining room with elegant lighting and large windows. The light and bright kitchen featuring a butcher block countertop island and a substantial farmhouse sink is perfect for entertaining. The modern primary suite offers a dual sink vanity, a stunning walk-in shower, and a walk-in closet. Outdoor entertaining is easy thanks to the beautiful large back deck leading to a designated fire pit area and fenced-in yard.

Last Agent to Sell the Property

Anna Turpin

Hodge&KittrellSothebysIntlRlty License #281614 Listed on: 11/19/2022

Hodge&KittrellSothebysIntlRlty

Last Buyer's Agent

Nate Howard

Howard Group Real Estate LLC License #172579

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,694

Year Built

  • Built in 1990

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 102x152x100x152

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Private Driveway

Home Design

  • Traditional Architecture
  • Masonite

Interior Spaces

  • 1,560 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Storage

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Porch

Schools

  • Grady Brown Elementary School
  • A L Stanback Middle School
  • Cedar Ridge High School

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Cornwallishills.Com Association
  • Cornwallis Hills Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,694

Year Built

Built in 1990

Lot Details

0

HOA Fees

$20 per month

Parking

1

Listing Details

  • Year Built: 1990
  • Prop. Type: Residential
  • Subdivision Name: Cornwallis Hills
  • Above Grade Finished Sq Ft: 1560.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 403.0
  • General Property Information Total Unfinished Area2: 403.0
  • General Property Information Lot Size Dimensions: 102x152x100x152
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Flooring Tile: Yes
  • Structure Type Site Built: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Room Types Living Room2: Yes
  • Heating Gas Pack2: Yes
  • General Property Information Above Grade Finished Area: 1560.0
  • General Property Information Carport YN: No
  • General Property Information Carport Spaces2: 1.0
  • General Property Information Lot Size Square Feet2: 15246.0
  • General Property Information Lot Size Acres: 0.35
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Tile
  • Interior Amenities: Storage
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Interior Features:Storage3: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.35
  • Construction Type: Masonite
  • Patio And Porch Features: Deck, Porch
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Carport, Concrete, Driveway, Garage
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Carport: Yes
  • General Property Information:Garage Spaces: 1.0

Utilities

  • Heating: Gas Pack, Natural Gas
  • Cooling: Gas Pack
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 240.0
  • Association Fee Frequency: Annually
  • Association Name: cornwallishills.com
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: cornwallishills.com
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 240.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Ninth Grade High School: Orange - Cedar Ridge
  • Middle Or Junior School: Orange - A L Stanback

Lot Info

  • Lot Dimensions: 102x152x100x152
  • Lot Size Sq Ft: 15246.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3694.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Orange - Grady Brown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2022
Closed on
Dec 12, 2022
Sold by
Kimbrough Meagan T and Kimbrough Phillip M
Bought by
Gillison William G and Gillison Rebecca B
Seller's Agent
Anna Turpin
Hodge&KittrellSothebysIntlRlty
Buyer's Agent
Nate Howard
Howard Group Real Estate LLC
List Price
$365,000
Sold Price
$385,000
Premium/Discount to List
$20,000
5.48%
Views
17
Current Estimated Value
$443,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,657
Avg. Annual Appreciation
4.42%
Original Mortgage
$387,000
Outstanding Balance
$377,292
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$54,622

Purchase Details

Closed on
Jul 9, 2019
Sold by
Hays Melissa
Bought by
Kimbrough Meagan T and Kimbrough Philip M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2014
Sold by
Kim David and Kim Christina M
Bought by
Hays Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2008
Sold by
Murray W Kent and Murray Margaret S
Bought by
Kim Christina M and Kim David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,651
Interest Rate
5.97%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Gillison William G $385,000 --
Kimbrough Meagan T $272,500 None Available
Hays Melissa $212,500 None Available
Kim Christina M $210,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillison William G $387,000
Previous Owner Kimbrough Meagan T $201,250
Previous Owner Kimbrough Meagan T $202,500
Previous Owner Hays Melissa $191,250
Previous Owner Kim Christina M $208,651
Previous Owner Kent Kent W $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $385,000 -- --
12/15/2022 12/15/22 Sold $385,000 +5.5% $247 / Sq Ft
11/19/2022 11/19/22 Pending -- -- --
11/18/2022 11/18/22 For Sale $365,000 -- $234 / 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 $4,057 $260,500 $60,000 $200,500
2023 $3,922 $260,500 $60,000 $200,500
2022 $3,911 $260,500 $60,000 $200,500
2021 $3,879 $260,500 $60,000 $200,500
2020 $3,415 $214,900 $45,000 $169,900
2018 $3,367 $214,900 $45,000 $169,900
2017 $3,396 $214,900 $45,000 $169,900
2016 $3,396 $206,300 $55,300 $151,000
2015 $3,321 $206,300 $55,300 $151,000
2014 -- $206,300 $55,300 $151,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2484206

Doorify MLS

APN: 9863768057