Google street view image for 1502 Velma Rd, Chapel Hill, NC 27514

Off market nov 2023 for $950K

$1,009,338

Est. refi paymentEst. refi $6,269/mo

•

3 ba

•

2,630

sq ft

1502 Velma Rd, Chapel Hill, NC 27514

About this home

1502 Velma Rd is a 2,630 square foot house on a 0.73 acre lot with 3 bedrooms and 3 bathrooms. - it last sold on November 15, 2023 for $950,000. Based on Redfin's Chapel Hill data, we estimate the home's value is $1,009,338.

Single-familyProperty Type

1987Year Built

0.73 acresLot Size

$384Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$1,009,338

$59K since sold in November 2023$22K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 13.1% higher than the average sale price ($892K) of 6 comparable homes.

SOLD JUL 31, 2026
$903,000
A
4 beds3 baths2,782 sq ft
1504 Michaux Rd, Chapel Hill, NC 27514
SOLD SEP 18, 2026
$665,000
B
4 beds3 baths2,715 sq ft
1 Tadley Dr, Chapel Hill, NC 27514
SOLD MAY 15, 2026
$785,000
C
4 beds3 baths2,753 sq ft
104 Wilder Pl, Chapel Hill, NC 27514
SOLD AUG 20, 2026
$1,200,000
D
4 beds3 baths3,138 sq ft
2551 Owens Ct, Chapel Hill, NC 27514
SOLD AUG 7, 2026
$950,000
E
4 beds3 baths2,692 sq ft
604 Caswell Rd, Chapel Hill, NC 27514
SOLD APR 7, 2026
$850,000
F
4 beds3 baths2,709 sq ft
1600 Curtis Rd, Chapel Hill, NC 27514

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Earn from this home

Sell

$230,317

Est. take-home

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Est. cash available

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Rent

$3,998/mo

Redfin rental estimate

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Market trends in 27514, NC

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

97.8%

1.4% MoM

Median sale price

$750K

$90K MoM

Avg. days on market

51d

11 days MoM

Recently sold homes

19 MoM

New listings for sale

COMING SOON
$170,000
1 bed1 bath704 sq ft
130 S Estes Dr Bldg F, 10, Chapel Hill, NC 27514
3D WALKTHROUGH
$339,000
3 beds2.5 baths1,478 sq ft
104 Mossbark Ln, Chapel Hill, NC 27514
$239,900
2 beds2.5 baths1,166 sq ft
220 Elizabeth St Apt A2, Chapel Hill, NC 27514
OPEN SUN, 2PM TO 4PM
$1,325,000
6 beds5.5 baths4,757 sq ft
825 E Franklin St, Chapel Hill, NC 27514
OPEN SUN, 1PM TO 4PM
$1,100,000
5 beds4 baths2,345 sq ft
806 E Franklin St, Chapel Hill, NC 27514
$268,000
2 beds2 baths818 sq ft
702 Martin Luther King Jr Blvd Unit C2, Chapel Hill, NC 27514
$249,900
2 beds2.5 baths1,154 sq ft
220 Elizabeth St Apt G15, Chapel Hill, NC 27514
$369,000
3 beds2 baths1,421 sq ft
305 Mcgregor Dr Unit B, Chapel Hill, NC 27514
$98,000
1 bed1 bath668 sq ft
130 S Estes Dr Unit B-11, Chapel Hill, NC 27514
$69,000
1 bed1 bath692 sq ft
130 S Estes Dr Unit B7, Chapel Hill, NC 27514
See all

Provided by Redfin

Sale history for 1502 Velma Rd

Year

Property tax

Land + Additions

Assessment*

2025

$11,964 (+16.1%)

$450,000 + $447,500

$897,500

2024

$10,304 (+2.8%)

$250,000 + $350,200

$600,200

2023

$10,022 (+4.3%)

$250,000 + $350,200

$600,200

2022

$9,607 (+1.3%)

$250,000 + $350,200

$600,200

2021

$9,484 (+2.5%)

$250,000 + $350,200

$600,200

2020

$9,252

$180,000 + $369,400

$549,400

2019

$9,252 (+2.4%)

$180,000 + $369,400

$549,400

2018

$9,039 (+2.1%)

$180,000 + $369,400

$549,400

2017

$8,855 (−16.0%)

$180,000 + $369,400

$549,400

2016

$10,544

$180,000 + $369,400

$549,400

2015

$10,544 (+0.5%)

$164,052 + $472,699

$636,751

2014

$10,494 (+1.9%)

$164,052 + $472,699

$636,751

2013

$10,298 (+2.4%)

$164,052 + $472,699

$636,751

2011

$10,059

$164,052 + $472,699

$636,751

2010

$10,054

$164,052 + $472,699

$636,751

Tax history for 1502 Velma Rd

Year

Property tax

Land + Additions

Assessment*

2025

$11,964 (+16.1%)

$450,000 + $447,500

$897,500

2024

$10,304 (+2.8%)

$250,000 + $350,200

$600,200

2023

$10,022 (+4.3%)

$250,000 + $350,200

$600,200

2022

$9,607 (+1.3%)

$250,000 + $350,200

$600,200

2021

$9,484 (+2.5%)

$250,000 + $350,200

$600,200

2020

$9,252

$180,000 + $369,400

$549,400

2019

$9,252 (+2.4%)

$180,000 + $369,400

$549,400

2018

$9,039 (+2.1%)

$180,000 + $369,400

$549,400

2017

$8,855 (−16.0%)

$180,000 + $369,400

$549,400

2016

$10,544

$180,000 + $369,400

$549,400

2015

$10,544 (+0.5%)

$164,052 + $472,699

$636,751

2014

$10,494 (+1.9%)

$164,052 + $472,699

$636,751

2013

$10,298 (+2.4%)

$164,052 + $472,699

$636,751

2011

$10,059

$164,052 + $472,699

$636,751

2010

$10,054

$164,052 + $472,699

$636,751

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

R-1

CD-6

Residential Districts

The residential districts are intended to provide for residential development of appropriate intensities consonant with the suitability of land, availability of public services, accessibility to major activity centers and transportation systems, and compatibility with surrounding development.

Zone overlays

Coker Hills Neighborhood Conservation District Plan

Property details

Interior

Bathroom Information
# of Full Baths: 3
# of Bathroom Fixtures: 7

Fireplace Information
# of Fireplaces: 1
Has Fireplace

Room Information
# of Rooms: 8

Exterior

Exterior Information
Foundation Type: Masonry
Building Style Type: Contemporary
Exterior Wall: Frame
Roof Shape Type: Gable
Building Type: Single Family

Pool Information
Has Pool

Property Information
Subdivision Name: COKER HILLS EXT
Living Sq. Ft: 2,630
Gross Sq. Ft: 5,802
Building Sq. Ft: 3,158
# of Stories: 2
Legal Description: 54 SEC 1 SH 2 COKER HLS P9/19

Parking & Garage Information
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 528
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 31,799
Legal Lot Number: 54
Municipality Name: CHAPEL HILL TWP
Acres: 0.73
Depth Footage: 203
Front Footage: 150
Zoning Code: R-1
County Use Description: RESIDENTIAL- IMPROVED

Financial

Assessor Information
Assessment Year: 2025
Tax District County: CTY & CH SCH & CHAPEL HILL

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 2,630
Stories: 2.0
Lot Size: 0.73 acres
Style: Single Family Residential
Year Built: 1987
Year Renovated: 2002
County: Orange County
APN: 9799040920

Home facts updated by county records on Sep 8, 2026

Around this home

Schools

Estes Hills Elementary School

Public PreK-5 • Assigned • 0.6mi

9/10

Guy Phillips Middle School

Public 6-8 • Assigned • 0.8mi

9/10

East Chapel Hill High School

Public 9-12 • Assigned • 1.8mi

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)

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

Estimated sale price

$959,000 – $1.16M

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Nearby similar homes

NEW 17 HRS AGO

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2140 N Lakeshore Dr, Chapel Hill, NC 27514

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NEW CONSTRUCTION

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306 Hickory Dr, Chapel Hill, NC 27517

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Land— sq ft

2 & 3 Bypass Ln, Chapel Hill, NC 27517

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New listings for sale in 27514

COMING SOON

$170,000

1 bed1 bath704 sq ft

130 S Estes Dr Bldg F, 10, Chapel Hill, NC 27514

3D WALKTHROUGH

$339,000

3 beds2.5 baths1,478 sq ft

104 Mossbark Ln, Chapel Hill, NC 27514

$239,900

2 beds2.5 baths1,166 sq ft

220 Elizabeth St Apt A2, Chapel Hill, NC 27514

OPEN SUN, 2PM TO 4PM

$1,325,000

6 beds5.5 baths4,757 sq ft

825 E Franklin St, Chapel Hill, NC 27514

OPEN SUN, 1PM TO 4PM

$1,100,000

5 beds4 baths2,345 sq ft

806 E Franklin St, Chapel Hill, NC 27514

$268,000

2 beds2 baths818 sq ft

702 Martin Luther King Jr Blvd Unit C2, Chapel Hill, NC 27514

$249,900

2 beds2.5 baths1,154 sq ft

220 Elizabeth St Apt G15, Chapel Hill, NC 27514

$369,000

3 beds2 baths1,421 sq ft

305 Mcgregor Dr Unit B, Chapel Hill, NC 27514

$98,000

1 bed1 bath668 sq ft

130 S Estes Dr Unit B-11, Chapel Hill, NC 27514

Home values near 1502 Velma Rd

Data from public records.

Address	Redfin Estimate
204 Velma Road, Chapel Hill, NC 3 Beds \| 2 Baths \| 2531 Sq. Ft.	$780,949
205 Wood Circle, Chapel Hill, NC 3 Beds \| 2 Baths \| 2239 Sq. Ft.	$809,177

Address	Redfin Estimate
1506 Velma Road, Chapel Hill, NC 3 Beds \| 3.5 Baths \| 2600 Sq. Ft.	$1,381,260
304 Clayton Road, Chapel Hill, NC 3 Beds \| 3 Baths \| 2664 Sq. Ft.	$1,166,786

Address	Redfin Estimate
209 Wood Circle, Chapel Hill, NC 4 Beds \| 3 Baths \| 3025 Sq. Ft.	$971,807
305 N Elliott Road, Chapel Hill, NC 4 Beds \| 3.5 Baths \| 3256 Sq. Ft.	$1,358,588

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 27514, NC

Sale history for 1502 Velma Rd

Tax history for 1502 Velma Rd

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 27514

Home values near 1502 Velma Rd

More real estate resources