NOT LISTED FOR SALE

Estimated Value: $1,786,000

15 Acres
$119,067 Price per Acre
653,400 Sq Ft Lot

Last Sold June 29, 2023

Last sale price $1,520,000

Est. 18% increase in value since last sale

Current estimated payment $9,477/month

310 Days on Market

Highlights

  • 15 Acre Lot
  • Morris Grove Elementary School Rated A
  • Wooded Lot

About This Lot

As of June 2023

Development opportunity. Largely undeveloped acreage. Potential for 40 Plus homes, approximately 3 per acre. All Utilities present. Potential for rezoning to Mixed-Use.

Last Agent to Sell the Property

Cowan Griffin

Carolina Realty of Chapel Hill License #130199 Listed on: 10/13/2021

Last Buyer's Agent

Alex Nickodem

Compass -- Chapel Hill - Durham License #300990

Compass -- Chapel Hill - Durham

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $100

Lot Details

  • 15 Acre Lot
  • Sloped Lot
  • Cleared Lot
  • Wooded Lot

Schools

  • Morris Grove Elementary School
  • Smith Middle School
  • Chapel Hill High School

Mobile Home

Property Details

Property Type

Land

Est. Annual Taxes

$100

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Lot Features Partially Cleared: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • Utilities Water Available: Yes
  • Vegetation Cleared2: Yes
  • Other Structures Mobile Home: Yes
  • General Property Information Lot Size Acres: 15.0
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 15.0
  • Lot Features:Sloped: Yes

Utilities

  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Schools

  • Ninth Grade High School: CH/Carrboro - Chapel Hill
  • Middle Or Junior School: CH/Carrboro - Smith

Lot Info

  • Current Use: Unimproved, Vacant
  • Lot Size Sq Ft: 653400.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: CH/Carrboro - Morris Grove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2020
Sold by
Buddha Llc
Bought by
Rogersprop Llc
Current Estimated Value
$1,786,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$444,929
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 2019
Sold by
Nickens Allonious
Bought by
Buddha Llc

Purchase Details

Closed on
Jul 12, 2007
Sold by
Neville Calvin
Bought by
Chapel Hill Family Real Estate Enterpris
Source: Public Records

Range of Values:

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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
Rogersprop Llc $710,000 None Available
Buddha Llc $5,000 None Available
Chapel Hill Family Real Estate Enterpris -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rogersprop Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $1,520,000 -- --
06/29/2023 06/29/23 Sold $1,520,000 -13.1% --
08/19/2022 08/19/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $1,750,000 0.0% --
01/18/2022 01/18/22 Pending -- -- --
10/13/2021 10/13/21 For Sale $1,750,000 -- --
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
2025 $100 $412,800 $412,800 $0
2024 $100 $161,000 $161,000 $0
2023 $2,869 $161,000 $161,000 $0
2022 $2,838 $161,000 $161,000 $0
2021 $2,818 $161,000 $161,000 $0
2020 $1,300 $64,000 $64,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2413381

Doorify MLS

APN: 9870444200