Back 303C/500 Umstead Drive
Off Market

303C/500 Umstead Drive

Chapel Hill NC 27516

2
2
923 sq. ft.
Condo
Last sold for $125,000
Phil PattersonPhil Patterson, last sold this property on 07 February 2022 after 4 days on market.

Overview

Investors Take Notice: Occupied with long term tenant - leased thru 11-1-2022 @ $900/mo. 1.5 miles from UNC main campus , 2 min to downtown Chapel Hill, across from Bolin Creek Trail & Bolin Creek Park. Real Estate Associates - HOA Manager: for Add'l $75/mo; REA manages rentals with onsite maintenance. WD located in complex(not in unit). New HW heater Mar '21, interior painted Oct '21, new carpet Oct '21, new range Nov '21. SELLING "AS IS"

Features

2 bedrooms
2 bathrooms
923 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Chapel Hill over the last 12 months, the estimated median property value of 303C/500 Umstead Drive is $469.5k.

Median value
$469.5k
Estimated value range
$168.75k - $1.1m
Median days on market
31
Estimated value trend
-19%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Chapel Hill. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 303C/500 Umstead Drive

2022
Sold
$125,000
07 Feb 2022 by Phil Patterson, of Hodge & Kittrell Sotheby's International Realty

Happy sellers in Chapel Hill

87%
87% of sellers in Chapel Hill reported that their sale price either exceeded or met their price expectations.

Chapel Hill stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Chapel Hill over the last 12 months.

Local market activity for 2 bedroom condos in Chapel Hill

In the last 12 months, 24 two-bedroom condos similar to 303C/500 Umstead Drive, have been sold.

This represents a 23% increase in two-bedroom condos sales when compared to the previous 12 months.

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