Multi family construction development poised to fulfill the strong demand for student housing near the UNC Medical School. Excellent location, and steady rent growth makes this a strong investment for a contractor/developer, or a long term buy/hold investor. Seller has procured all relevant documents for this exciting project. Planning commission and Board of Adjustment cleared, Zoning plans submitted, permit projected to arrive between 1 Aug 2019 and 1 Sep 2019. Buyer to hire Builder. View doc manager
CondoProperty Type
2020Year Built
Listed by Charles Bulthuis• Reformation Asset Management
Listed by Miguel Acosta• Reformation Asset Management
Multi family construction development poised to fulfill the strong demand for student housing near the UNC Medical School. Excellent location, and steady rent growth makes this a strong investment for a contractor/developer, or a long term buy/hold investor. Seller has procured all relevant documents for this exciting project. Planning commission and Board of Adjustment cleared, Zoning plans submitted, permit projected to arrive between 1 Aug 2019 and 1 Sep 2019. Buyer to hire Builder. View doc manager
TMLS #2060608
Jul 8, 2016
Sold
$430,000
Jul 8, 2016
Sold
$430,000
Apr 13, 2016
Pending
—
Apr 12, 2016
Listed
$449,950
Apr 12, 2016
Listed
$449,950
INVESTMENT PROPERTY-4 Bedroom 2.5 bath main house rented for $2600 mo. with SEPARATE APARTMENT 1 bedroom 1 bath rented for $750 mo. . Leased through July 2017. Large 1+ Acre property. Plenty of parking. Good overall condition. Prefer 24 hour notice.
Public Records
Dec 20, 2012
Sold
$315,000
TMLS #895146
Mar 7, 2007
Sold
$352,500
Mar 7, 2007
Sold
$352,500
Feb 6, 2007
Listing Removed
—
Oct 20, 2006
Listed
$384,900
Oct 20, 2006
Listed
$384,900
TMLS #896607
Dec 8, 2006
Listing Removed
—
Oct 31, 2006
Listed
$625,000
Public Records
Mar 31, 2000
Sold
$294,500
Year
Property tax
Land + Additions
Assessment*
2020
$7,286 (−2.3%)
$225,000 + $195,900
$420,900
2019
$7,455 (+2.5%)
$225,000 + $195,900
$420,900
2018
$7,274 (+2.1%)
$225,000 + $206,400
$431,400
2017
$7,125 (+3.3%)
$225,000 + $206,400
$431,400
2016
$6,899
$225,000 + $206,400
$431,400
2015
$6,899 (+9.1%)
$188,700 + $216,700
$405,400
2014
$6,326 (+1.9%)
$188,700 + $191,200
$379,900
2013
$6,210 (−10.1%)
$188,700 + $191,200
$379,900
2011
$6,907 (+0.1%)
$188,651 + $242,449
$431,100
2010
$6,897
$188,651 + $242,449
$431,100
Tax history for 111 Purefoy Rd
Year
Property tax
Land + Additions
Assessment*
2020
$7,286 (−2.3%)
$225,000 + $195,900
$420,900
2019
$7,455 (+2.5%)
$225,000 + $195,900
$420,900
2018
$7,274 (+2.1%)
$225,000 + $206,400
$431,400
2017
$7,125 (+3.3%)
$225,000 + $206,400
$431,400
2016
$6,899
$225,000 + $206,400
$431,400
2015
$6,899 (+9.1%)
$188,700 + $216,700
$405,400
2014
$6,326 (+1.9%)
$188,700 + $191,200
$379,900
2013
$6,210 (−10.1%)
$188,700 + $191,200
$379,900
2011
$6,907 (+0.1%)
$188,651 + $242,449
$431,100
2010
$6,897
$188,651 + $242,449
$431,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
4
Baths
2.5
Stories
1
Lot width
—
Lot depth
—
Lot size
1.3 Acres
Year renovated
—
Sq. Ft.
2,524
Year built
1954
Style
Single Family Residential
County
Orange County
APN
9788419609
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Dec 22, 2024.
Jul 12, 2021 • Final
Land disturbing
Grading
May 7, 2019 • Final
Land disturbing evaluation
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: Off Street
Interior
Interior Features
Flooring: Hardwood
Exterior
Building Information
Construction Materials: Masonite
Building Features: Shared Utilities
Building Area Total: 0.0
Exterior Features
Foundation Details: Other
Lot Information
Lot Size Acres: 0.0
Lot Size Area: 0.0
Lot Size Square Feet: 0.0
Financial
Tax Information
Tax Annual Amount: 7274.0
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: Yes
Heating Information: Forced Air, Natural Gas
Cooling: Yes
Cooling Information: Central Air
Location
Multi-Family Financial Information
Number Of Units Total: 6
Owner Pays: None
School Information
Elementary School: CH/Carrboro - Glenwood
Middle Or Junior School: CH/Carrboro - Grey Culbreth
High School: CH/Carrboro - East Chapel Hill
Location Information
County Or Parish: Orange
Directions: Take S. Columbia to Purefoy Road (next to Merritt's)...go all the way to the top of the hill and property is on the right just before Mason Farm Road.
Latitude: 35.897954
Longitude: -79.05084
Postal Code: 27514
Public facts
Beds: 4
Baths: 2.5
Sq. Ft.: 2,524
Stories: 1.0
Lot Size: 1.3 acres
Style: Single Family Residential
Year Built: 1954
Year Renovated: —
County: Orange County
APN: 9788419609
Home facts updated by county records on Dec 22, 2024
Other
Listing Date Information
Contract Status Change Date: 2019-09-03
Documents Change Timestamp: 2023-11-28T22:33:58Z
Photos Change Timestamp: 2023-11-28T22:37:03Z
Around this home
Schools
Mary Scroggs Elementary School
Public PreK-5 • Assigned • 1.7mi
6/10
Grey Culbreth Middle School
Public 6-8 • Assigned • 1.1mi
6/10
East Chapel Hill High School
Public 9-12 • Assigned • 4.5mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 106° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Chapel Hill, NC • 27514
Average low and high temperatures (°F)
48
28
54
34
69
44
76
53
77
58
89
68
90
72
81
66
80
63
71
50
65
43
52
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
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