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505 Meadowmont Lane

505 Meadowmont Lane, Chapel Hill, NC 27517
Property in Meadowmont
Sold Jul 24, 2017
$950,000
$650,000 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2047
Sold Jun 26, 2008
$1,256,000
$417,000 by Bank Of America Na
Mortgage Due Jul 01, 2038
505 Meadowmont Lane in Chapel Hill, NC was first built in 2007 and is 17 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 6 partial bathrooms. 505 Meadowmont Lane has 4,104 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. In total, the area measurement of the land is 19,166 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of shingle (not wood). For those who need parking, there is a attached garage. The exterior walls of the home are made of materials we are unsure of. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. 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, 505 Meadowmont Lane was last sold in Jul 24, 2017 for $950,000. According to our calculations, that's $231.48 per sqft. Prior to that sales transaction, the property was sold for $1,256,000 in Jun 2, 2008. Current property owners are expected to pay $17,234 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 505 Meadowmont Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,053,800. To break that down further, the land itself was valued at $345,000. While improvements to the property were assessed at a total of $708,800. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2007
  • Effective Year Built: 2007
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 10
  • Building Style: Conventional
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 4,104
  • Gross Building Area: 8,438
  • Building Area: 4,104
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 4,104
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEADOWMONT
  • Land Acres: 0.44
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: 333 PH 3 MEADOWMONT P93/67-71

Ownership

  • Current Owner : WANLESS MORGAN GALE
  • Current Owner 2: LOFLIN JOHN CHRISTOPHER
  • Previous Owner : MUNN MICHAEL J
  • Previous Owner 2: MUNN SUSAN B
  • Owner Before Previous Owner: POYTHRESS CONSTRUCTION CO INC
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chapel Hill-Carrboro Schools
  • School Tax School District: CH-CARR SCHOOL
  • Census Tract: 012103

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 6340/35
  • District: 7
  • Subdivision Phase Number: 3
  • Parcel: 9798-77-5044
  • Municipality: CHAPEL HILL
  • Latitude: 35.9124
  • Longitude: -79.0083

    Address

  • Full Address: 505 Meadowmont Ln
  • Address - House Number: 505
  • Address - Street Name: Meadowmont
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: R033
  • 4-Digit Zip Code: 8129
  • Zip Code: 27517

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,234
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: CHSC,ORAG,

    Appraisal Valuation

  • Standard Deviation: 0.1822
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 76
  • Final Value: 1,513,404
  • High Value: 1,789,160
  • Low Value: 1,237,648

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,050,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 24, 2017
  • First Open Lien Mortgage Loan Amount: $650,000
  • 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: Aug 01, 2047
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • Second Open Lien Mortgage Recording Date: Nov 13, 2018
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $400,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Dec 02, 2048

    Market Valuation

  • Market Total Value: $1,053,800
  • Market Land Value: $345,000
  • Market Improvement Value: $708,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,053,800
  • Assessed Land Value: $345,000
  • Assessed Improvements Value: $708,800

    Sales

  • Current Sale Contract Date: Jul 24, 2017
  • Current Sale Recording Date: Jul 24, 2017
  • Current Sale Transaction ID: 1732183811
  • Current Sale Price: $950,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20170724000145630
  • Previous Sale Recording Date: Jun 26, 2008
  • Previous Sale Contract Date: Jun 02, 2008
  • Previous Sale Amount: $1,256,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jul 24, 2017
  • First Mortgage Loan Amount: $650,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jun 26, 2008
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2038

About Meadowmont



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Frequently Asked Questions

What neighborhood is 505 Meadowmont Lane located in?
The 505 Meadowmont Lane is a located in the neighborhood of Meadowmont in Meadowmont, Chapel Hill.
What is the average sales price for listings in 505 Meadowmont Lane?
The average sales price for units in 505 Meadowmont Lane is $0 currently.

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