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5500 Old Chapel Hill Road

5500 Old Chapel Hill Road, Durham, NC 27707
House in Durham
This has been categorized as a vacant property type. The linear feet across the front of the lot is 1,030 ft and the linear feet between the front and back of the lot is 4,200. In total, the area measurement of the land is 43,560 square feet.

Learn more about the property and building on this page. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. 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, 5500 Old Chapel Hill Road was last sold in Nov 7, 2023 for $790,000. Prior to that sales transaction, the property was sold for $14,000 in Aug 28, 2019. Current property owners are expected to pay $794 in taxes per year. The property on 5500 Old Chapel Hill Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $59,940. To break that down further, the land itself was valued at $59,940. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

Building Features

Parking

Carport
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 4,200
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: PROPERTY OF LUTHER L RILEY
  • Land Acres: 1
  • Standard Land Use Code: Residential-vacant land
  • Legal Description 1: PROP-RILEY LUTHER L PT PL000063-000058

Ownership

  • Current Owner : NC CHAPEL HILL 5500 OLD CHAPEL HILL RD LLC
  • Previous Owner : BENFORADO JOHN ALLEN
  • Previous Owner 2: BENFORADO TERRI TURNER
  • Owner Before Previous Owner: TURNER JUDY STRADER
  • Owner Before Previous Owner 2: TURNER CHARLES DANIEL
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Durham Public Schools
  • School Tax District Code 2: CTY CHAPEL HILL
  • Census Tract: 002033

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: BK 63 PG 58
  • Parcel: 140196
  • Municipality: CITY OF CHAPEL HILL
  • Latitude: 35.9461
  • Longitude: -78.9976

    Address

  • Full Address: 5500 Old Chapel Hill Rd
  • Address - House Number: 5500
  • Address - Street Name: Old Chapel Hill
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Durham
  • Carrier Code: R007
  • 4-Digit Zip Code: 5267
  • Zip Code: 27707

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $794

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,500,000
  • First Open Lien Mortgage Lender: TOWNEBANK
  • First Open Lien Mortgage Recording Date: Nov 07, 2023
  • First Open Lien Mortgage Loan Amount: $2,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $59,940
  • Market Land Value: $59,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $59,940
  • Assessed Land Value: $59,940

    Sales

  • Current Sale Contract Date: Nov 07, 2023
  • Current Sale Recording Date: Nov 07, 2023
  • Current Sale Transaction ID: 11915476216
  • Current Sale Price: $790,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 79046
  • Previous Sale Recording Date: Oct 14, 2019
  • Previous Sale Contract Date: Aug 28, 2019
  • Previous Sale Amount: $14,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK
  • First Mortgage Transaction Date: Nov 07, 2023
  • First Mortgage Loan Amount: $2,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Chapel Hill



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Frequently Asked Questions

What neighborhood is 5500 Old Chapel Hill Road located in?
The 5500 Old Chapel Hill Road is a house located in the neighborhood of Durham in Chapel Hill, Durham.
What is the average sales price for listings in 5500 Old Chapel Hill Road?
The average sales price for units in 5500 Old Chapel Hill Road is $0 currently.

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