NOT LISTED FOR SALE

715 N Columbia St Chapel Hill, NC 27516

Estimated Value: $1,041,000 - $1,296,289

2 Beds
8 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold June 04, 2021

Last sale price $990,000

Est. 18% increase in value since last sale

Current estimated payment $7,286/month

7 Days on Market

Highlights

  • Wood Flooring
  • Phillips Middle School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of June 2021

This is a Class A top producing rental property within walking distance to UNC. Consistently leased a year in advance. 2022 leases in place and rents increased to $3,300 / $3280 per unit. This duplex has 2 - 4 bedroom / 4 bath apartments with each bedroom having its own private bathroom. Kitchen has SS appliances, granite and high ceilings, washer/dryer and hardwoods in common areas. Off street parking, large deck and large covered porch. Do not disturb the tenants. Appointment only showings.

Last Agent to Sell the Property

Jens Hoeg

Fathom Realty NC, LLC License #160572 Listed on: 04/15/2021

Last Buyer's Agent

Jay Parker

Weaver Street Realty & Auction License #144291

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,495

Year Built

  • Built in 2016

Lot Details

  • 10,019

Parking

  • Off-Street Parking

Flooring

  • Wood
  • Carpet
  • Tile

Schools

  • Northside Elementary School
  • Guy Phillips Middle School
  • East Chapel Hill High School

Additional Features

  • Crawl Space
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,495

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Year Built: 2016
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Flooring Wood: Yes
  • General Property Information Carport YN: No
  • General Property Information Number Of Units Total3: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Combination, Hardwood, Tile, Wood
  • Basement: Crawl Space
  • Basement:Crawl Space: Yes

Exterior Features

  • Construction Type: Fiber Cement
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street: Yes

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Schools

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

Rental Info

  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 3495.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: CH/Carrboro - Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2023
Sold by
Magnuson Alice P and Magnuson Carrie L
Bought by
715 N Columbia St Trust and Affinity Consultants Llc
Total Days on Market
7
Current Estimated Value
$1,167,322

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jun 3, 2021
Sold by
711 N Columbia Llc
Bought by
Magnuson Alice P and Magnuson Carrie L
Seller's Agent
Jens Hoeg
Fathom Realty NC, LLC
Buyer's Agent
Jay Parker
Weaver Street Realty & Auction
List Price
$990,000
Sold Price
$990,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.47%
Original Mortgage
$693,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2014
Sold by
Rubo Brothers Llc
Bought by
711 N 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
$925,000
Interest Rate
4.16%
Mortgage Type
Construction
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
715 N Columbia St Trust -- None Listed On Document
Magnuson Alice P $990,000 None Available
711 N Columbia Llc $435,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magnuson Alice P $693,000
Previous Owner 711 N Columbia Llc $1,327,500
Previous Owner 711 N Columbial Llc $1,200,000
Previous Owner 711 N Columbia Llc $925,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Off Market $990,000 -- --
06/04/2021 06/04/21 Sold $990,000 0.0% --
04/22/2021 04/22/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $990,000 -- --
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 $13,089 $760,600 $360,000 $400,600
2023 $12,754 $760,600 $360,000 $400,600
2022 $12,217 $760,600 $360,000 $400,600
2021 $11,602 $760,600 $360,000 $400,600
2020 $3,496 $188,200 $120,000 $68,200
2018 $3,646 $188,200 $120,000 $68,200
2017 $3,404 $188,200 $120,000 $68,200
2016 $3,404 $193,200 $107,100 $86,100
2015 $3,404 $193,200 $107,100 $86,100
2014 -- $193,200 $107,100 $86,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jens Hoeg

    Fathom Realty NC, LLC

  • J

    Buyer's Agent in 2021

    Jay Parker

    Weaver Street Realty & Auction

    (919) 225-6773

    34 Total Sales

    Jay Parker
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Map

Source: Doorify MLS

MLS Number: 2378038

Doorify MLS

APN: 9789205261

North Carolina Orange County Chapel Hill 27516

715 N Columbia St, Chapel Hill, NC

This home is located at 715 N Columbia St, Chapel Hill, NC 27516 since 15 April 2021 and is currently estimated at $1,167,322. This property was built in 2016. 715 N Columbia St is a home located in Orange County with nearby schools including Northside Elementary School, Phillips Middle School, and East Chapel Hill High School.

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