NOT LISTED FOR SALE

5234 Osprey Dr Unit 30 Mebane, NC 27302

Estimated Value: $541,000 - $662,000

1.01 Acres
$605,536 Price per Acre
43,996 Sq Ft Lot

Last Sold November 18, 2022

Last sale price $70,000

Est. 774% increase in value since last sale

Current estimated payment $3,643/month

1,172 Days on Market

About This Lot

As of November 2022

The Duchy is a gated airpark community that features a 3,500' paved runway that has recently been repaired and repaved.

Lot 32 is a runway lot in a gated airpark community in Alamance County NC. Lot 32 conveys together with an off-site septic lot, Lot 32A.

Lots at the Duchy need a septic and a well, but it is one of the few airparks subdivisions that have natural gas. All utilities are underground.

The Duchy is currently experiencing exceptional growth with homes being built on many vacant lots. Only a few lots remain available for resale.

The Duchy Owners Association maintains both the runway and the streets in this private community. Aviators must have permission to land on the airport runway. if driving DO NOT drive on the runway and remember that on the streets at the Duchy aircraft have the right-of-way.

Last Agent to Sell the Property

Geneva Allen

Allen & Allen, Inc. License #210408 Listed on: 05/21/2019

Last Buyer's Agent

Geneva Allen

Allen & Allen, Inc. License #210408 Listed on: 05/21/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,931

Lot Details

  • Possible uses of the property include Residential
  • Zoning described as unzoned

HOA Fees

  • $153 Monthly HOA Fees

Schools

  • Garrett Elementary School
  • Hawfields Middle School
  • Southern High School

Utilities

  • Well Required
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 162457

Community Details

Overview

  • Anne Dill Association, Phone Number (919) 636-0810
  • The Duchy At Chapel Hill Subdivision
  • Mandatory home owners association

Amenities

  • Airport or Runway

Property Details

Property Type

Land

Est. Annual Taxes

$2,931

Lot Details

0

HOA Fees

$153 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 69306.93
  • Restrictions: Architectural Review,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Frontage Type: County Road
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Tax Location: No City Taxes Paid

Utilities

  • Sewer: Septic Needed
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Airport/Runway
  • Association Fee: 1835
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Anne Dill
  • Phone: 919-636-0810
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Hawfields
  • HOA Subject To: Required
  • HOA Email: anne.dill@triad.rr.com
  • CAR_YearlyHOAExpense: 1835.00

Lot Info

  • Lot Features: Runway Lot
  • Lot Size Area: 1.01
  • Lot Size Units: Acres
  • Parcel Number: 162457
  • Out Buildings Yn: 0
  • Can Be Subdivided: 0
  • Zoning Description: unzoned
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.18462

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Garrett
  • High School: Southern

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2019
Closed on
Oct 19, 2022
Sold by
Arnold Frank W and Arnold Nancy G
Bought by
Russo Christopher C and Russo Emily K
Seller's Agent
Geneva Allen
Allen & Allen, Inc.
Buyer's Agent
Geneva Allen
Allen & Allen, Inc.
List Price
$77,000
Sold Price
$70,000
Premium/Discount to List
-$7,000
-9.09%
Current Estimated Value
$611,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,591
Avg. Annual Appreciation
118.28%
Source: Public Records

Range of Values:

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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
Russo Christopher C $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russo Christopher C $726,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $70,000 -9.1% --
08/05/2022 08/05/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $77,000 +10.0% --
05/16/2022 05/16/22 Off Market $70,000 -- --
10/12/2021 10/12/21 Price Changed $77,000 +40.0% --
05/21/2021 05/21/21 For Sale $55,000 -21.4% --
05/03/2021 05/03/21 Off Market $70,000 -- --
05/02/2020 05/02/20 For Sale $55,000 -21.4% --
05/01/2020 05/01/20 Off Market $70,000 -- --
05/21/2019 05/21/19 For Sale $55,000 -- --
Source: Canopy MLS (Canopy Realtor® Association)

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 $2,931 $553,971 $69,768 $484,203
2023 $342 $69,768 $69,768 $0
2022 $479 $65,000 $65,000 $0
2021 $485 $65,000 $65,000 $0
2020 $492 $65,000 $65,000 $0
2019 $494 $65,000 $65,000 $0
2018 $0 $65,000 $65,000 $0
2017 $436 $65,000 $65,000 $0
2016 $513 $76,500 $76,500 $0
2015 $510 $76,500 $76,500 $0
2014 -- $76,500 $76,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3512227

Canopy MLS (Canopy Realtor® Association)

APN: 162457