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240 Abbot Place

240 Abbot Place, Chapel Hill, NC 27516
Property in Orange
Sold Mar 12, 2021
$671,000
$536,356 by Lennar Mortgage Llc
Mortgage Due Apr 01, 2051
Local assessors in Chapel Hill, NC have categorized 240 Abbot Place as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 6,534 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 6 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 are 5 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 240 Abbot Place has a total of 4,208 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 property was last sold in Mar 11, 2021 for $671,000. That's $159.46 per sqft. 240 Abbot Place was last assessed in 2023. The total value of the property was assessed at $718,600. Specifically, the land the property is located on was valued at $85,000. While improvements on the property were assessed at a total of $633,600. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $11,783. The initial tax year of delinquency was in 2022. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,208
  • Building Area: 4,208
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,208
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHANDLER WOODS SUBDIVISION
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: 35 PH 1 CHANDLER WOODS P119/105-108

Ownership

  • Current Owner : CHEN GRACE
  • Previous Owner : CALATLANTIC GROUP INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chapel Hill-Carrboro Schools
  • School Tax School District: CH-CARR SCHOOL
  • Census Tract: 011208

Geography

  • Subdivision Phase Number: 1
  • Parcel: 9870-71-8716
  • Municipality: CHAPEL HILL TWP
  • Latitude: 35.9529
  • Longitude: -79.0741

    Address

  • Full Address: 240 Abbot Pl
  • Address - House Number: 240
  • Address - Street Name: Abbot
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: R039
  • 4-Digit Zip Code: 6257
  • Zip Code: 27516

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,783
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: CHSC,ORAG,

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 79
  • Final Value: 1,027,196
  • High Value: 1,192,934
  • Low Value: 861,458

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $536,356
  • First Open Lien Mortgage Lender: LENNAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 12, 2021
  • First Open Lien Mortgage Loan Amount: $536,356
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $718,600
  • Market Land Value: $85,000
  • Market Improvement Value: $633,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $718,600
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $633,600

    Sales

  • Current Sale Contract Date: Mar 11, 2021
  • Current Sale Recording Date: Mar 12, 2021
  • Current Sale Transaction ID: 11825945043
  • Current Sale Price: $671,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 30042772

    Last Sale Mortgage

  • First Mortgage Lender: LENNAR MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 12, 2021
  • First Mortgage Loan Amount: $536,356
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About Orange



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Nearby Rentals

Unit for rent at 3002 Staffield Lane, Chapel Hill, NC, 27516

$3,065 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,596 ft²
3002 Staffield Lane, Chapel Hill, NC, 27516 Listing by Philip Guin

Frequently Asked Questions

What neighborhood is 240 Abbot Place located in?
The 240 Abbot Place is a located in the neighborhood of Orange in Orange, Chapel Hill.
What is the average sales price for listings in 240 Abbot Place?
The average sales price for units in 240 Abbot Place is $0 currently.

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