Low Chatham taxes, great investment opportunity. Walk to conveniences and the UNC Park N Ride. This property won't last long. This property is approved for HomePath Renovation Mortgage Financing. Purchase this Fannie Mae HomePath property for as little as 3% down!
Multi-familyProperty Type
1979Year Built
1 acresLot Size
$199Est. Price/Sq.Ft.
Source:AMLSNC #1843768
Redfin Estimate
$381,927
$132K since sold in August 2020$12K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 21.7% lower than the average sale price ($488K) of 6 comparable homes.
Low Chatham taxes, great investment opportunity. Walk to conveniences and the UNC Park N Ride. This property won't last long. This property is approved for HomePath Renovation Mortgage Financing. Purchase this Fannie Mae HomePath property for as little as 3% down!
Public Records
Jul 26, 2007
Sold
$166,500
$87/sq ft
Public Records
Sep 18, 2001
Sold
$142,000
$74/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,820 (+17.1%)
$60,000 + $296,985
$356,985
2024
$2,408 (+4.3%)
$60,000 + $296,985
$356,985
2023
$2,308 (+4.5%)
$50,000 + $200,164
$250,164
2022
$2,209 (+1.1%)
$50,000 + $200,164
$250,164
2021
$2,184 (+52.5%)
$50,000 + $200,164
$250,164
2020
$1,432
$50,000 + $200,164
$250,164
2019
$1,432 (+5.2%)
$42,500 + $109,414
$151,914
2017
$1,361 (−0.6%)
2016
$1,369 (+1.3%)
$42,500 + $109,414
$151,914
2015
$1,351 (+1.7%)
$42,500 + $109,414
$151,914
2014
$1,328 (+5.4%)
$42,500 + $109,414
$151,914
2013
$1,260 (−5.1%)
$42,500 + $109,414
$151,914
2012
$1,328 (+2.6%)
$42,500 + $109,414
$151,914
2011
$1,295
$42,500 + $109,414
$151,914
Tax history for 55 Cedar Terrace Rd Unit B
Year
Property tax
Land + Additions
Assessment*
2025
$2,820 (+17.1%)
$60,000 + $296,985
$356,985
2024
$2,408 (+4.3%)
$60,000 + $296,985
$356,985
2023
$2,308 (+4.5%)
$50,000 + $200,164
$250,164
2022
$2,209 (+1.1%)
$50,000 + $200,164
$250,164
2021
$2,184 (+52.5%)
$50,000 + $200,164
$250,164
2020
$1,432
$50,000 + $200,164
$250,164
2019
$1,432 (+5.2%)
$42,500 + $109,414
$151,914
2017
$1,361 (−0.6%)
2016
$1,369 (+1.3%)
$42,500 + $109,414
$151,914
2015
$1,351 (+1.7%)
$42,500 + $109,414
$151,914
2014
$1,328 (+5.4%)
$42,500 + $109,414
$151,914
2013
$1,260 (−5.1%)
$42,500 + $109,414
$151,914
2012
$1,328 (+2.6%)
$42,500 + $109,414
$151,914
2011
$1,295
$42,500 + $109,414
$151,914
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-2
Residential District
Primarily for low density residential development to protect water supply watersheds
Property details
Interior
Heating & Cooling
Air Conditioning Type: Package
Heating Type: Package
Fireplace Information
Has Fireplace
Exterior
Exterior Information
Building Style Type: Duplex
Building Construction Quality: Average
Exterior Wall: Wood
Building Type: Multi-Plex
Property Information
Subdivision Name: CEDAR TERRACE
Living Sq. Ft: 1,916
Ground Floor Sq. Ft: 1,740
Building Sq. Ft: 1,916
# of Stories: 1
Stories Type: 1
Legal Description: M1-117-18
Lot Information
# of Buildings: 1
Land Sq. Ft: 43,560
Legal Lot Number: 18
Municipality Name: BALDWIN
Acres: 1
Zoning Code: R-2
County Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2025
Tax District County: NORTH CHATHAM
Public facts
Beds: 4
Baths: —
Sq. Ft.: 1,916
Stories: 1.0
Lot Size: 1 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1979
Year Renovated: 1979
County: Chatham County
APN: 0002205
Home facts updated by county records on Jul 29, 2026
Around this home
Schools
Chatham Grove Elementary
Public PreK-5 • Assigned • 2.6mi
5/10
Margaret B. Pollard Middle School
Public 6-8 • Assigned • 2.4mi
6/10
Seaforth High
Public 9-12 • Assigned • 8.1mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
7/10 Flood Factor
Estimated 72-80% chance 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
5/10 Heat Factor
7 days above 105° 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 • 27516
Average low and high temperatures (°F)
48
27
54
34
69
43
76
52
78
57
89
66
90
71
81
66
80
60
71
50
64
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
Estimated sale price
$363,000 – $440,000
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