NOT LISTED FOR SALE

741 E Franklin St Chapel Hill, NC 27514

Estimated Value: $2,237,000 - $3,038,536

5 Beds
5.5 Baths
5,859 Sq Ft
$456/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $3,625,000 $619 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $16,447/month

67 Days on Market

Highlights

  • Two Primary Bedrooms
  • Craftsman Architecture
  • Wood Flooring
  • Phillips Middle School Rated A
  • Fireplace in Bedroom
  • Main Floor Primary Bedroom

About This Home

As of June 2022

A Rare "Blue Diamond" - Sitting just east of town and less than a mile from the heart of Chapel Hill is this stunning 1920 residence masterfully restored with the guidance of an architectural historian in 2016/17 - 3 parcels being sold as one ~ 1.88 acres - This distinctive gem is a unique opportunity to own a piece of Chapel Hill history. A flexible floor plan with attention to detail at every turn this home will take your breath away - Just steps away from all a college town has to offer! Welcome Home!

Last Agent to Sell the Property

Amy Guskiewicz

Dwell Real Estate License #280478 Listed on: 04/07/2022

Dwell Real Estate

Last Buyer's Agent

Laura Lennon

RE/MAX Capital License #199104

RE/MAX Capital

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,962

Year Built

  • Built in 1920

Lot Details

  • 1.88 Acre Lot
  • Corner Lot
  • Landscaped with Trees

Parking

  • 1 Car Garage
  • Front Facing Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Craftsman Architecture
  • Transitional Architecture
  • Traditional Architecture
  • Farmhouse Style Home
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Coffered Ceiling
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Den with Fireplace
  • 2 Fireplaces
  • Bonus Room
  • Utility Room
  • Basement
  • Crawl Space
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Bedroom
  • Double Master Bedroom
  • Walk-In Closet

Laundry

  • Laundry in multiple locations
  • Dryer
  • Washer

Outdoor Features

  • Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,962

Year Built

Built in 1920

Lot Details

1.88 Acres

Parking

1

Listing Details

  • Year Built: 1920
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 5122.0
  • Architectural Style: Craftsman, Farm House, Traditional, Transitional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 1403.0
  • General Property Information Below Grade Unfinished Area: 1498.0
  • General Property Information Total Unfinished Area2: 2901.0
  • General Property Information Lot Size Dimensions: see survey
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Laundry Features Main Level: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Architectural Style Farm House: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Bonus Room: Yes
  • Room Types Den2: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Laundry Features Upper Level: Yes
  • Room Types Bedroom 5 Level: 3
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Remarks and Miscellaneous Syndication Remarks2: A Rare "Blue Diamond" - Sitting just east of town and less than a mile from the heart of Chapel Hill is this stunning 1920 residence masterfully restored with the guidance of an architectural historian in 2016/17 - 3 parcels being sold as one ~ 1.88 acres - This distinctive gem is a unique opportunity to own a piece of Chapel Hill history. A flexible floor plan with attention to detail at every turn this home will take your breath away - Just steps away from all a college town has to offer! Welcome Home!
  • Security Features Security System: Yes
  • Architectural Style Craftsman: Yes
  • Levels Three Or More: Yes
  • Laundry Features Multiple Locations: Yes
  • Interior Features Second Primary Bedroom: Yes
  • General Property Information Above Grade Finished Area: 5122.0
  • General Property Information Below Grade Finished Area: 737.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 81892.8
  • General Property Information Lot Size Acres: 1.88
  • General Property Information:Living Area3: 5859.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Ceiling Fan(s), Coffered Ceiling(s), Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, Primary Downstairs, Second Primary Bedroom, Walk-In Closet(s)
  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Washer
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 737.0
  • Fireplace Features: Bedroom, Den, Gas Log, Gas Starter, Wood Burning
  • Fireplaces: 2
  • Appliances Dishwasher: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Tankless Water Heater: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Coffered Ceiling(s): Yes
  • Appliances:Gas Range: Yes
  • Fireplace Features:Gas Starter: Yes
  • Fireplace Features:Den: Yes
  • Fireplace Features:Bedroom: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Acres: 1.88
  • Construction Type: Wood Siding
  • Patio And Porch Features: Porch
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Circular Driveway, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front, Garage Faces Rear
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Circular Driveway: Yes
  • Parking Features:Garage Faces Rear: Yes
  • General Property Information:Garage Spaces: 1.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Dimensions: see survey
  • Lot Size Sq Ft: 81892.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 31962.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: CH/Carrboro - Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Jun 17, 2022
Sold by
Vernon And Carol Grizzard Community Prop
Bought by
Murabito Joseph Anthony and White Amanda Taylor
Seller's Agent
Amy Guskiewicz
Dwell Real Estate
Buyer's Agent
Laura Lennon
RE/MAX Capital
List Price
$4,900,000
Sold Price
$3,625,000
Premium/Discount to List
-$1,275,000
-26.02%
Current Estimated Value
$2,732,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$892,949
Avg. Annual Appreciation
-7.88%

Purchase Details

Listed on
Apr 7, 2022
Closed on
Apr 25, 2022
Sold by
Clark Grizzard Carol
Bought by
Vernon And Carol Grizzard Tennessee Community
Seller's Agent
Amy Guskiewicz
Dwell Real Estate
Buyer's Agent
Laura Lennon
RE/MAX Capital
List Price
$4,900,000
Sold Price
$3,625,000
Premium/Discount to List
-$1,275,000
-26.02%

Purchase Details

Closed on
Apr 25, 2016
Sold by
Barker Catherine D and Estate Of Caroline Dehaven Lam
Bought by
D And B Projects Inc

Purchase Details

Closed on
Apr 22, 2016
Sold by
D And B Projects Inc
Bought by
Grizzard Carol
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Murabito Joseph Anthony $3,625,000 Tanner Law Firm Pllc
Vernon And Carol Grizzard Tennessee Community -- Chambliss Bahner & Stophel Pc
D And B Projects Inc $386,500 None Available
Grizzard Carol $486,500 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $3,625,000 -- --
06/24/2022 06/24/22 Sold $3,625,000 -13.7% $619 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
05/18/2022 05/18/22 Price Changed $4,200,000 -14.3% $717 / Sq Ft
04/07/2022 04/07/22 For Sale $4,900,000 -- $836 / Sq Ft
Source: Doorify 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 $28,644 $2,175,600 $350,000 $1,825,600
2024 $25,542 $1,520,000 $325,500 $1,194,500
2023 $24,822 $1,520,000 $325,500 $1,194,500
2022 $21,180 $1,351,300 $325,500 $1,025,800
2021 $20,903 $1,351,300 $325,500 $1,025,800
2020 $22,347 $1,358,700 $375,000 $983,700
2018 $0 $1,428,400 $375,000 $1,053,400
2017 -- $825,300 $375,000 $450,300
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Guskiewicz

    Seller's Agent in 2022

    Amy Guskiewicz

    Dwell Real Estate

    (919) 302-6682

    119 Total Sales

    Amy Guskiewicz
    Section Image
  • Laura Lennon

    Buyer's Agent in 2022

    Laura Lennon

    RE/MAX

    (919) 758-8817

    149 Total Sales

    Laura Lennon
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2441207

Doorify MLS

APN: 9788799130

North Carolina Orange County Chapel Hill 27514

741 E Franklin St, Chapel Hill, NC

Not Listed for Sale

Detached

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