R
Seller's Agent in 2024
Renee Eastman
The Virtual Realty Group INC
(520) 405-3084
26 Total Sales
705 N Columbia St Unit A/ B Chapel Hill, NC 27516
Estimated Value: $1,111,000 - $1,256,000
10
Beds
4
Baths
3,454
Sq Ft
$339/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- High Ceiling
- Phillips Middle School Rated A
- End Unit
- Granite Countertops
About This Home
As of August 2024Beautiful and Immaculate condition Duplex walking distance from UNC Chapel Hill, restaurants, shopping and bus line! Hardwood flooring in Kitchen, Dining area and Living room w/ high open ceilings which lead up to the second story with modern metal railing staircase. EACH unit has 5 Spacious Bedrooms and 2 Full baths. Charming kitchens w/granite counters and SS appliances. Large front porch with custom wood ceiling, rear deck and large parking lot. This duplex has attractive architectural detail and rare opportunity to own. This income producing property is always fully leased and is ready to go.
Last Agent to Sell the Property
The Virtual Realty Group INC License #275136 Listed on: 07/26/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,168
Year Built
- Built in 2013
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 81x138x80x134
- End Unit
- No Units Located Below
- No Unit Above or Below
- 1 Common Wall
- Southeast Facing Home
- Partially Fenced Property
- Landscaped
Home Design
- Duplex
- Block Foundation
- Shingle Roof
Interior Spaces
- 3,454 Sq Ft Home
- 2-Story Property
- High Ceiling
- Pull Down Stairs to Attic
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Full Bathrooms
- Double Vanity
Laundry
- Laundry closet
- Stacked Washer and Dryer
Parking
- 4 Parking Spaces
- 4 Open Parking Spaces
- Parking Lot
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- Northside Elementary School
- Guy Phillips Middle School
- East Chapel Hill High School
Utilities
- Central Air
- Heat Pump System
- Water Heater
Listing and Financial Details
- Tenant pays for all utilities, cable TV, electricity, gas, hot water, sewer, telephone, water
- The owner pays for common area maintenance, exterior maintenance, grounds care, HVAC maintenance, insurance, pest control, repairs, roof maintenance, snow removal, taxes
- Assessor Parcel Number 9788292954
Community Details
Overview
- No Home Owners Association
- 2 Units
Additional Features
- Gross Income $7,600
- Building Security System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 26, 2024
Closed on
Aug 16, 2024
Sold by
Columbia Villa Suites Llc
Bought by
Kim Jihwan and Yoon Mee Ok
Seller's Agent
Renee Eastman
The Virtual Realty Group INC
Buyer's Agent
Patrick Shin
Long & Foster Real Estate INC
List Price
$1,076,000
Sold Price
$1,220,000
Premium/Discount to List
$144,000
13.38%
Views
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,184
Avg. Annual Appreciation
-3.78%
Original Mortgage
$791,000
Outstanding Balance
$754,707
Interest Rate
6.05%
Mortgage Type
New Conventional
Estimated Equity
$415,109
Purchase Details
Closed on
Oct 11, 2013
Sold by
705 Columbia Llc
Bought by
Columbia Villa Suites Llc
Purchase Details
Closed on
Mar 6, 2012
Sold by
Diamant Leif Robert
Bought by
705 Columbia Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,000
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kim Jihwan | $1,130,000 | None Listed On Document | |
| Columbia Villa Suites Llc | $865,000 | None Available | |
| 705 Columbia Llc | $235,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kim Jihwan | $791,000 | |
| Previous Owner | 705 Columbia Llc | $521,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $1,220,000 | +11.4% | $353 / Sq Ft |
| 07/30/2024 07/30/24 | Pending | -- | -- | -- |
| 07/27/2024 07/27/24 | Price Changed | $1,095,000 | +1.8% | $317 / Sq Ft |
| 07/26/2024 07/26/24 | For Sale | $1,076,000 | -- | $312 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $12,509 | $731,600 | $360,000 | $371,600 |
| 2023 | $12,168 | $731,600 | $360,000 | $371,600 |
| 2022 | $11,663 | $731,600 | $360,000 | $371,600 |
| 2021 | $9,476 | $731,600 | $360,000 | $371,600 |
| 2020 | $7,669 | $449,000 | $150,000 | $299,000 |
| 2018 | $7,488 | $449,000 | $150,000 | $299,000 |
| 2017 | $7,960 | $449,000 | $150,000 | $299,000 |
| 2016 | $7,960 | $474,500 | $129,800 | $344,700 |
| 2015 | $7,960 | $474,500 | $129,800 | $344,700 |
| 2014 | $7,807 | $474,500 | $129,800 | $344,700 |
Source: Public Records
Agents Affiliated with this Home
-
Renee Eastman
-
Patrick Shin
P
Buyer's Agent in 2024
Patrick Shin
Long & Foster Real Estate INC
(919) 606-0153
105 Total Sales
Map
Source: Doorify MLS
MLS Number: 10043752
APN: 9788292954
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