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123 Mallette Street

123 Mallette Street, Chapel Hill, NC 27516
Sold Aug 05, 2015
$315,000
$252,000 by Branch Banking And Trust Co
Mortgage Due Sep 01, 2045
123 Mallette Street in Chapel Hill, NC was first built in 1932 and is 92 years old. Although, the building on the property was most recently renovated and altered in 1972. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 123 Mallette Street has 873 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 560 ft and the linear feet between the front and back of the lot is 1,240. In total, the area measurement of the land is 6,970 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of shingle (not wood). Water for the property is sourced from a municipal system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of materials we are unsure of. As for heating, the home is utilizing floor/wall heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 123 Mallette Street was last sold in Aug 5, 2015 for $315,000. According to our calculations, that's $360.82 per sqft. Current property owners are expected to pay $6,392 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 123 Mallette Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $382,500. To break that down further, the land itself was valued at $300,000. While improvements to the property were assessed at a total of $82,500. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1932
  • Effective Year Built: 1972
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 2
  • Construction Type: Frame
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 560
  • Total Building Area: 873
  • Gross Building Area: 3,482
  • Building Area: 873
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 873
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: N/S DAWSON ALLEY PA/45

Ownership

  • Current Owner : SPENCER CAROLINE REAVES
  • Current Owner 2: SPENCER JAMES CLIFFORD
  • Previous Owner : LEWIS JENNIFER MAY

Neighborhood

  • School District Name: Chapel Hill-Carrboro Schools
  • School Tax School District: CH-CARR SCHOOL
  • Census Tract: 011700

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: 5996/445
  • District: 7
  • Parcel: 9788-26-6284
  • Municipality: CHAPEL HILL
  • Latitude: 35.9105
  • Longitude: -79.0581

    Address

  • Full Address: 123 Mallette St
  • Address - House Number: 123
  • Address - Street Name: Mallette
  • Address - Suffix Type: St
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: C002
  • 4-Digit Zip Code: 2531
  • Zip Code: 27516

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,392
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: CHSC,ORAG,

    Appraisal Valuation

  • Standard Deviation: 0.1633
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 79
  • Final Value: 582,755
  • High Value: 677,960
  • Low Value: 487,550

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $252,000
  • First Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Open Lien Mortgage Recording Date: Aug 05, 2015
  • First Open Lien Mortgage Loan Amount: $252,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2045

    Market Valuation

  • Market Total Value: $382,500
  • Market Land Value: $300,000
  • Market Improvement Value: $82,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $382,500
  • Assessed Land Value: $300,000
  • Assessed Improvements Value: $82,500

    Sales

  • Current Sale Contract Date: Aug 05, 2015
  • Current Sale Recording Date: Aug 05, 2015
  • Current Sale Transaction ID: 1293155474
  • Current Sale Price: $315,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20150805000155890

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: Aug 05, 2015
  • First Mortgage Loan Amount: $252,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2045

About Downtown Chapel Hill



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Frequently Asked Questions

What neighborhood is 123 Mallette Street located in?
The 123 Mallette Street is a located in the neighborhood of Downtown Chapel Hill in Downtown Chapel Hill, Chapel Hill.
What is the average sales price for listings in 123 Mallette Street?
The average sales price for units in 123 Mallette Street is $0 currently.

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