When was property at 3 Bypass Lane built and last sold?

The property at 3 Bypass Lane was built in 1950 and last sold on Sep 3, 2019 for $260,000.

How much is this home worth?

The estimated value of the home located at 3 Bypass Lane is $0.

What are some comparable homes to 3 Bypass Lane?

There are currently no comparable homes to 3 Bypass Lane.

Chapel Hill

27517

3 Bypass Lane

$260,000

● Land - Off Market

3 Bypass Lane

Chapel Hill, NC 27517

Studio

0 Bath

$476,330

RealtyHop Estimate

46.56%

Since Oct 1, 2019

National-US

Primary Model

About This Property

Great opportunity to own some of Chapel Hill's hottest real estate. Sitting inside the Blue Hill District, pre-determined design guidelines are in place to streamline the process for development and to promote creativity + walkability. Potential to assemble with adjacent lots 1 +2 Bypass Ln. Property is located adjacent to where the town plans for the Elliot Road extension to pass through to Ephesus Church Rd. Future plans are for large dense multi-family project immediately behind this property.

Unit Size

Days on Market

Land Size

0.37 acres

Price per sqft

Property Type

Land

Property Taxes

HOA Dues

Year Built

1950

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (TMLS #2227403)

Price History

Date / Event	Date	Event
Sep 3, 2019	Sold	Premium
Sold
Dec 7, 2018	Listed by Real Estate Associates, Inc.	$325,000
Listed by Real Estate Associates, Inc.
Aug 25, 2003	Sold	Premium
Sold

Property Highlights

Building Info

Overview

General

Year Built: 1950

Effective Year Built: 1950
Total Rooms: 7
Bedroom Count: 3
Bathroom Count: 1
Full Bathrooms: 1
Partial Bathrooms: 1
Building Condition: 0
Building Quality: 0
Construction Type: 6
Building Style: 15
Exterior Walls Type: 15
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 20
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 2
Basement Area: 0
Garage Type: 3
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 16,117

Lot Size Depth Feet: 1,600
Lot Size Frontage Feet: 1,000
Total Building Area: 1,400
Gross Building Area: 3,440
Building Area: 1,400
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 0
Heating: 4
Heated Square Feet: 1,400
Heating Fuel Type: 3

Utilities

Sewer System: 0

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: PROPERTY OF W G FIELDS
Land Acres: 0000000370
Standard Land Use Code: 1001
County Land Use Code: 1001
Legal Description 1: 3 W G FIELDS P66/248 & P124/19-22

Neighborhood

School District Name: Chapel Hill-Carrboro Schools

School Tax School District: CH-CARR SCHOOL
Census Tract: 012102

Zoning

Zoning: R2

Geography

Assessors Map Reference: 3170/132

District: 7
Parcel: 9799-34-0349
Municipality: CHAPEL HILL
Latitude: 35.9329
Longitude: -79.0233

Address

Full Address: 3 Bypass Ln

Legal Unit: 3
Address - House Number: 3
Address - Street Name: Bypass
Address - Suffix Type: Ln
State: NC
City Name: Chapel Hill
Carrier Code: C055
4-Digit Zip Code: 5807
Zip Code: 27517

Valuation

Tax

Tax Year: 2023

Tax Amount: $359,557
Initial Tax Delinquent Year: 2022
Tax Rate Code Area: CHSC,ORAG,

Appraisal Valuation

Standard Deviation: 0.1894

Valuation Date: Jan 31, 2024
Confidence Score: 75
Final Value: 393,818
High Value: 468,413
Low Value: 319,224

Market Valuation

Market Total Value: $208,600

Market Land Value: $149,900
Market Improvement Value: $58,700

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $208,600
Assessed Land Value: $149,900
Assessed Improvements Value: $58,700

Sales

Current Sale Contract Date: Sep 03, 2019

Current Sale Recording Date: Sep 03, 2019
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 30006847
Previous Sale Recording Date: Aug 25, 2003
Previous Sale Contract Date: Aug 25, 2003
Previous Sale Amount: $125,000
Previous Sale Document Type: 71

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Chapel Hill

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$294

Below Asking

0.02%

Average Days on Market

Average Home Size

2069 ft²

Average Home Age

39.8 years

Currently For Sale

213 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 220 Elizabeth Street, Chapel Hill, NC, 27514

$1,800 /mo

2 Beds
2 Baths
1,083 ft²

220 Elizabeth Street #APTA18, Chapel Hill, NC, 27514 Listing by Javad Neakta

Unit for rent at 904 E Franklin Street, Chapel Hill, NC, 27514

$1,595 /mo

1 Bed
1 Bath
500 ft²

904 E Franklin Street, Chapel Hill, NC, 27514 Listing by Andrew Bennett

Unit for rent at 1102 E Franklin Street, Chapel Hill, NC, 27514

$1,450 /mo

2 Beds
1 Bath
800 ft²

1102 E Franklin Street #A, Chapel Hill, NC, 27514 Listing by Mark Heizer

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Johnny Wehmann, Real Estate Associates, Inc.
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2227403

Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

3 Bypass Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Chapel Hill

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions