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1023 Wave Road

1023 Wave Road, Chapel Hill, NC 27517
Property in Wave Road
Sold Mar 31, 2015
$185,000
$181,845 by Primelending
Mortgage Due Apr 01, 2045
Sold Aug 12, 2009
$165,000
Local assessors in Chapel Hill, NC have categorized 1023 Wave Road as a residential type of property. The home was built in 1964 and is 60 years old. It was most recently renovated and altered in 1979. The property's lot size has been calculated to be 23,958 square feet. The linear feet between the front and back of the lot was measured at 2,100 ft and the front of the lot was measured at 1,290 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1023 Wave Road has a total of 1,500 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. The building has a gable style roof that was made of shingle (not wood). Lots of masonry were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1023 Wave Road was last sold in Mar 24, 2015 for $185,000. According to our calculations, that's $123.33 per sqft. Prior to that sales transaction, the property was sold for $165,000 in Aug 12, 2009. Current property owners are expected to pay $2,578 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 1023 Wave Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $209,800. To break that down further, the land itself was valued at $85,000. While improvements to the property were assessed at a total of $124,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1979
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Masonry
  • Building Style: Conventional
  • Exterior Walls Type: Masonry
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 23,958
  • Lot Size Depth Feet: 2,100
  • Lot Size Frontage Feet: 1,290
  • Total Building Area: 1,500
  • Gross Building Area: 3,000
  • Building Area: 1,500
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,500
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ROLLING HILLS
  • Land Acres: 0.55
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: 21 P/O 20 ROLLING HILLS

Ownership

  • Current Owner : MENDEZ MANUEL EXAU
  • Current Owner 2: MENDEZ TERESA DE JESUS
  • Previous Owner : NEWNAM CAROL S
  • Owner Before Previous Owner: DUNLAP BENJAMIN WITHERSPOON
  • Owner Before Previous Owner 2: DUNLAP JAMIE NEWNAM
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chapel Hill-Carrboro Schools
  • School Tax School District: CH-CARR SCHOOL
  • Census Tract: 012201

Zoning

  • Zoning: RLD1

Geography

  • Assessors Map Reference: 5928/501
  • District: 7
  • Parcel: 9777-91-8595
  • Municipality: CHAPEL HILL
  • Latitude: 35.8707
  • Longitude: -79.0684

    Address

  • Full Address: 1023 Wave Rd
  • Address - House Number: 1023
  • Address - Street Name: Wave
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: R007
  • 4-Digit Zip Code: 8047
  • Zip Code: 27517

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,578
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: CHSC,STFR,

    Appraisal Valuation

  • Standard Deviation: 0.209
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 71
  • Final Value: 414,358
  • High Value: 501,000
  • Low Value: 327,716

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $181,845
  • First Open Lien Mortgage Lender: PRIMELENDING
  • First Open Lien Mortgage Recording Date: Mar 31, 2015
  • First Open Lien Mortgage Loan Amount: $181,845
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2045

    Market Valuation

  • Market Total Value: $209,800
  • Market Land Value: $85,000
  • Market Improvement Value: $124,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $209,800
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $124,800

    Sales

  • Current Sale Contract Date: Mar 24, 2015
  • Current Sale Recording Date: Mar 31, 2015
  • Current Sale Transaction ID: 1216551514
  • Current Sale Price: $185,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20150331000058360
  • Previous Sale Recording Date: Aug 12, 2009
  • Previous Sale Contract Date: Aug 12, 2009
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMELENDING
  • First Mortgage Transaction Date: Mar 31, 2015
  • First Mortgage Loan Amount: $181,845
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2045

About Wave Road



Similar Buildings

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Nearby Rentals

Unit for rent at 108 W Carr Street, Carrboro, NC, 27510

$1,345 /mo

  • 2 Beds
  • 1 Bath
  • 989 ft²
108 W Carr Street #APTD, Carrboro, NC, 27510 Listing by Evi Rasmussen

Frequently Asked Questions

What neighborhood is 1023 Wave Road located in?
The 1023 Wave Road is a located in the neighborhood of Wave Road in Wave Road, Chapel Hill.
What is the average sales price for listings in 1023 Wave Road?
The average sales price for units in 1023 Wave Road is $0 currently.

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