See Home Value
Orange 27514
2502 Falls Drive
$700,000
● House - Off Market

2502 Falls Drive

Chapel Hill, NC 27514
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,821 Ft²
$627,828
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Mid-century modern flair meets garden oasis in this stunning split-level home on a wooded acre. Nestled on a corner lot, there are two entrances and an abundance of parking: a circular front driveway and a scenic driveway with gated side entry. 2502 Falls is appointed with generously sized windows, French doors & sliding doors throughout the house, cascading natural light across hardwood and tile floors. The European-design Chef's kitchen features honed granite counters, SieMatic cabinets, a 5-burner gas range and slate floors. Enjoy two wood burning stoves and panoramic garden views from the patios, porches, den and balcony. New owners will love the upgrades, including a newer roof, a remodeled and generously expanded Owner's Retreat and den, spa bathrooms (including heated towel rack, tiled showers and a luxurious extra-long soaking tub), a 228-square-foot screened porch, a whole-house generator and much more. Falls is superbly located: nearly equidistant to downtown Chapel Hill-Carrboro, Durham & Hillsborough, only minutes from hiking trails, restaurants & conveniences. Voluntary HOA & County taxes!
Unit Size
2,821 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$213
Property Type
House
Property Taxes
$298
HOA Dues
$3
Year Built
1969

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Last updated: 2 years ago (TMLS #2474777)

Price History

Date / Event Date Event Price
Oct 14, 2022 Sold
Sold
Sep 17, 2022 Listed by Hodge&KittrellSothebysIntlRlty $600,000
Listed by Hodge&KittrellSothebysIntlRlty
Nov 24, 2014 Sold
Sold
Mar 30, 2007 Sold
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 2010
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 16
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,946
  • Total Building Area: 2,854
  • Gross Building Area: 5,431
  • Building Area: 2,854
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,854
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FALLS OF NEW HOPE
  • Land Acres: 0000000940
  • Standard Land Use Code: 1001
  • County Land Use Code: 1001
  • Legal Description 1: 10 BL B SEC 2 FALLS OF NEW HOPE P55/144

Neighborhood

  • School District Name: Orange County Schools
  • Census Tract: 011204

Zoning

  • Zoning: RB

Geography

  • Assessors Map Reference: 5874/58
  • District: 7
  • Section: 2
  • Parcel: 9881-29-5722
  • Municipality: CHAPEL HILL
  • Latitude: 36.0024
  • Longitude: -79.0589

    Address

  • Full Address: 2502 Falls Dr
  • Address - House Number: 2502
  • Address - Street Name: Falls
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: R002
  • 4-Digit Zip Code: 9695
  • Zip Code: 27514

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $395,720
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: ENFR,ORAG

    Appraisal Valuation

  • Standard Deviation: 0.1823
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 76
  • Final Value: 663,151
  • High Value: 784,104
  • Low Value: 542,198

    Market Valuation

  • Market Total Value: $408,000
  • Market Land Value: $85,000
  • Market Improvement Value: $323,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $408,000
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $323,000

    Sales

  • Current Sale Contract Date: Oct 11, 2022
  • Current Sale Recording Date: Oct 14, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 30080112
  • Previous Sale Recording Date: Nov 24, 2014
  • Previous Sale Contract Date: Nov 21, 2014
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Orange


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 600 Carraway Crossing, NC, 27516

$2,174 /mo

  • 2 Beds
  • 2 Baths
  • 1,209 ft²
600 Carraway Crossing #B4, NC, 27516 Listing by Ross C Rebhan


Frequently Asked Questions

When was property at 2502 Falls Drive built and last sold?
The property at 2502 Falls Drive was built in 1969 and last sold on Oct 11, 2022 for $700,000.
How much is this home worth?
The estimated value of the home located at 2502 Falls Drive is $619,600.
What are some comparable homes to 2502 Falls Drive?
There are currently no comparable homes to 2502 Falls Drive.