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Sold for $425,000
  • $425,000

    500 Market St Ste 205, Chapel Hill, NC 27516

    2beds
    1,081sqft
    Condo
    Built in 2001
    -- sqft lot
    $413,500 Zestimate®
    $393/sqft
    $2,108 Estimated rent

    Home value

    $413,500

    $393,000 - $434,000

    $2,108/mo

    Zestimate® history
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    $2,853/mo

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    What's special

    For Sale by Owner: 500 MARKET ST UNIT 205, CHAPEL HILL NC 27516. Move-in ready. Light and airy, 2nd floor 2 BR/2 bath 1081 sq ft corner condo in a secured elevator building in the heart of Southern Village. Walk everywhere! NO CARPETING: Bamboo floors. FRESHLY PAINTED w/ Zero and low VOC paints. 10-FT CEILINGS w/ 3 ceiling fans. 10 WINDOWS face in 3 directions with transoms above for abundant light. NEW SCREENS on all 10 windows for great cross-ventilation. EACH BEDROOM has en suite bathroom and spacious walk-in closet. HILLSIDE VIEWS w/ lots of privacy. FULLY-EQUIPPED KITCHEN w/ wood cabinets, solid-surface counters and a breakfast bar. APPLIANCES include a full-sized washer and dryer, refrigerator with ice-maker, dishwasher, disposal, electric stove with a self-cleaning oven, and microwave. 20-UNIT BUILDING is primarily owner-occupied and very well-maintained. ON THE VILLAGE GREEN of the award-winning Southern Village community. STROLL to the many locally-owned businesses, restaurants, sidewalk cafes, Weaver St Market (local grocery co-op), the Lumina Movie Theatre, professional offices, medical centers, banks, a pharmacy, a daycare center, gyms, Scroggs Elementary School (Chapel Hill school feeding Culbreth MS, Carrboro HS), and Christ United Methodist Church. There are often concerts (free), events and movies on the lawn in front of our building as well as a seasonal weekly farmers market. 2.5 MILES FROM UNC HOSPITALS. FREE CH TRANSIT BUSES to UNC, UNC Hospitals and the rest of Chapel Hill. WALK TO 72-ACRE SOUTHERN COMMUNITY PARK with trails, dog parks, disc golf, athletic fields, playground, water play area, etc. NEARBY HIKING / BIKING TRAILS: Paved, woodland Fan Branch Trail runs through Southern Village and connects to the Morgan Creek and Merritt Pasture trails. The $300monthly HOA fees include city water and sewer, trash and recycling pickup, and excellent maintenance of the building and its common areas. 1.5% commission for Buyers' realtor.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood, Linoleum / Vinyl
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,081 sqft

    Property

    Parking
    • Parking features: Off-street, On-street
    Features
    • Exterior features: Stucco, Brick
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 1 Acres
    Details
    • Parcel number: 9787062083205

    Construction

    Type & style
    • Home type: Condo
    Materials
    • masonry
    • Foundation: Masonry
    • Roof: Asphalt
    Condition
    • Year built: 2001

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $300 monthly
    Location
    • Region: Chapel Hill

    Financial & listing details

    • Price per square foot: $393/sqft
    • Tax assessed value: $407,900
    • Annual tax amount: $5,423

    Price history

    DateEventPrice
    11/14/2025Sold$425,000+57.4%$393/sqft
    Source: Public Record Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    4/6/2018Sold$270,000+2.3%$250/sqft
    Source: Public Record Report a problem
    11/1/2017Listing removed$264,000$244/sqft
    Source: Owner Report a problem
    9/26/2017Listed for sale$264,000+10%$244/sqft
    Source: Owner Report a problem
    9/26/2017Listing removed$1,590$1/sqft
    Source: Owner Report a problem
    9/21/2017Listed for rent$1,590+14.4%$1/sqft
    Source: Owner Report a problem
    5/14/2015Listing removed$1,390$1/sqft
    Source: Owner Report a problem
    4/27/2015Price change$1,390-0.7%$1/sqft
    Source: Owner Report a problem
    3/23/2015Listed for rent$1,400$1/sqft
    Source: Owner Report a problem
    6/1/2010Sold$240,000-4%$222/sqft
    Source: Public Record Report a problem
    4/10/2010Price change$250,000-5.7%$231/sqft
    Source: Prudential York Simpson Underwood Realty #1712696 Report a problem
    3/13/2010Listed for sale$265,000+23.3%$245/sqft
    Source: Prudential York Simpson Underwood Realty #1712696 Report a problem
    3/30/2005Sold$215,000+35.2%$199/sqft
    Source: Public Record Report a problem
    12/14/2001Sold$159,000$147/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,423 +16.4%$407,900 +50.2%
    2024$4,659 +2.8%$271,500
    2023$4,534 +4.3%$271,500
    2022$4,346 +1.3%$271,500
    2021$4,290 -0.7%$271,500 +5.7%
    2020$4,321 $256,900
    2018$4,321 +2.3%$256,900
    2017$4,222 +2.5%$256,900 +3.8%
    2016$4,118 $247,533
    2015$4,118 +1.4%$247,533
    2014$4,061 $247,533
    2013-- $247,533
    2012-- $247,533
    2011-- $247,533
    2010-- $247,533
    2009-- --
    2008$3,383 +3.8%$201,886
    2007$3,257 $201,886
    2006-- $201,886
    2005-- $201,886 +33.4%
    2004$2,505 +3.6%$151,331
    2003$2,418 $151,331
    2002-- $151,331
    Find assessor info on the county website

    Neighborhood: 27516

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $413,500
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $413,500