NOT LISTED FOR SALE

720 Chapel Hill Rd Burlington, NC 27215

East Burlington Neighborhood

Estimated Value: $463,835

Studio
-- Bath
-- Sq Ft
12,937 Sq Ft Lot

Last Sold June 30, 2023

Last sale price $425,000

Est. 9% increase in value since last sale

Current estimated payment $2,494/month

4 Days on Market

About This Home

As of June 2023

Suited for a range of business activities, this spacious & versatile commercial building offers a combination of flexible space for a business seeking versatile workspace. Zoned General Business with over 5800 square feet of usable space, it is currently configured as an office. 2 separate warehouse areas with convenient roll-up doors for easy loading & unloading of goods. Featuring two generously proportioned work/reception areas that provide ample space for team operations, the floor plan includes 2 private offices, providing space for managers, directors, or other executives to work quietly on critical tasks. The building also features 3 HVAC systems, conference room, breakroom, along with control room and several other work areas divided by detachable wooden dividers, allowing for customization to suit your needs. Whether your business needs space for manufacturing, distribution, or administrative tasks, this property offers the flexibility to accommodate you.

Last Agent to Sell the Property

Heather Morton Hill

eXp Realty License #299833 Listed on: 03/16/2023

eXp Realty

Last Buyer's Agent

Ken Walker

RE/MAX DIAMOND REALTY License #218624

RE/MAX DIAMOND REALTY

Property Details

Property Type

  • Other

Year Built

  • Built in 1965

Lot Details

  • Property is zoned GB

Community Details

  • No Home Owners Association
  • 5,897 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 122570

Property Details

Property Type

Other

Year Built

Built in 1965

Lot Details

0.3 Acres

Listing Details

  • Property Sub Type: Remarks
  • Prop. Type: Commercial
  • Business Type: Remarks
  • Directions: From I85/40, take Exit 145, heading north on Maple Ave. Turn left onto Chapel Hill Rd. Property is on the right.
  • Year Built: 1965
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • Special Features: None

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 122570
  • Zoning: GB
  • TRIADMLS_AcresRange: -

Rental Info

  • Land Lease Amount: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
J Mccormack Enterprises Llc
Bought by
M & A Real Estate Investments Llc
Current Estimated Value
$463,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$332,887
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$130,948

Purchase Details

Listed on
Mar 16, 2023
Closed on
Jun 26, 2023
Sold by
T & G Llc
Bought by
J Mccormack Enterprises Llc
Seller's Agent
Heather Morton Hill
eXp Realty
Buyer's Agent
Ken Walker
RE/MAX DIAMOND REALTY
List Price
$375,000
Sold Price
$425,000
Premium/Discount to List
$50,000
13.33%
Views
89

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.27%
Original Mortgage
$340,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2018
Sold by
Miller Jane E
Bought by
Tg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,500
Interest Rate
4.5%

Purchase Details

Closed on
Aug 23, 2012
Sold by
Miller Jane E
Bought by
Miller Jane E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
M & A Real Estate Investments Llc -- None Listed On Document
J Mccormack Enterprises Llc $425,000 None Listed On Document
J Mccormack Enterprises Llc $425,000 None Listed On Document
Tg Llc $190,000 Attorney
Miller Jane E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & A Real Estate Investments Llc $340,000
Previous Owner J Mccormack Enterprises Llc $340,000
Previous Owner Tg Llc $195,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $425,000 +13.3% --
03/21/2023 03/21/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $375,000 -- --
Source: Triad MLS

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 $971 $196,494 $46,574 $149,920
2024 $922 $196,494 $46,574 $149,920
2023 $1,790 $196,494 $46,574 $149,920
2022 $2,288 $184,347 $38,811 $145,536
2021 $2,306 $184,347 $38,811 $145,536
2020 $2,325 $184,347 $38,811 $145,536
2019 $2,331 $184,347 $38,811 $145,536
2018 $1,096 $184,347 $38,811 $145,536
2017 $2,170 $184,347 $38,811 $145,536
2016 $2,159 $186,118 $38,811 $147,307
2015 $1,074 $186,118 $38,811 $147,307
2014 -- $186,118 $38,811 $147,307
Source: Public Records

Agents Affiliated with this Home

  • Heather Morton Hill

    Seller's Agent in 2023

    Heather Morton Hill

    eXp Realty

    (336) 213-8887

    15 in this area

    174 Total Sales

    Heather Morton Hill
    Section Image
  • Ken Walker

    Buyer's Agent in 2023

    Ken Walker

    RE/MAX

    (919) 304-9381

    4 in this area

    194 Total Sales

    Ken Walker
    Section Image
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Map

Source: Triad MLS

MLS Number: 1099669

Triad MLS

APN: 122570

North Carolina Alamance County Burlington 27215 East Burlington

720 Chapel Hill Rd, Burlington, NC

Not Listed for Sale

Other

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