INVESTORS ALERT! Turn-key investment property in prime location - 15 mins to downtown Chapel Hill and UNC, this property is a part of a popular & safe student neighborhood. Bus stop just downstair. It continuously rented for the last 7 years. Lease in place until July, 2025. Current rent is $1500, and will increase to $1560 from Aug, 2024. Great tenant & well maintained unit with no missed rent. Tenant pays utilities. HVAC 2017. Washer/Dryer combo 2021. Great townhouse-style layout with living/dining space and kitchen on main floor; bedrooms and baths, on 2nd floor. One bathroom in the hallway and one in the master bedroom. Building A has ~150 sq ft bigger living area than the other buildings of the similar floor plan. This particular building has copper & plastic water pipes, no polybutylene pipes issues. Pool & tennis court. Parking by permit through HOA. Please see disclosure for an association lawsuit. Unit is tenant occupied. Please do not disturb the tenant. Seller is the listing agent.
Sold for $289,250
$289,250
700 Martin Luther King Jr Blvd APT A9, Chapel Hill, NC 27514
2beds
1,001sqft
Condominium, Residential
Built in 1985
-- sqft lot
$279,600 Zestimate®
$289/sqft
$1,862 Estimated rent
Home value
$279,600
$263,000 - $296,000
$1,862/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mei Mei Ngai 510-936-2266,
Keller Williams Preferred Realty
Bought with:
Lynn Marie Roeder, 306866
Chapel Hill Realty Group, Inc.
Source: Doorify MLS,MLS#: 2539944
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Forced Air, Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer, Washer/Dryer Stacked
- Laundry: Main Level
Features
- Bathtub Only, Dining L
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,001
- Total interior livable area: 1,001 sqft
- Finished area above ground: 1,001
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony, Tennis Court(s)
- Pool features: Community
- Has view: Yes
Lot
- Features: Landscaped
Details
- Parcel number: 9788394984009
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium, Residential
Materials
- Cedar, Wood Siding
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Pool, Street Lights
- Subdivision: Mill Creek
HOA
- Has HOA: Yes
- Amenities included: Pool, Tennis Court(s)
- Services included: Maintenance Grounds, Maintenance Structure, Road Maintenance, Trash
- HOA fee: $803 quarterly
Location
- Region: Chapel Hill
Financial & listing details
- Price per square foot: $289/sqft
- Tax assessed value: $292,700
- Annual tax amount: $3,076
- Date on market: 12/4/2023
Price history
| Date | Event | Price |
|---|---|---|
| 11/30/2023 | Sold | $289,250+1.5%$289/sqft |
Source:  Doorify MLS #2539944 Report a problem | ||
| 11/7/2023 | Contingent | $285,000$285/sqft |
Source: Doorify MLS #2539944 Report a problem | ||
| 11/1/2023 | Listed for sale | $285,000+14%$285/sqft |
Source: Doorify MLS #2539944 Report a problem | ||
| 6/24/2021 | Sold | $250,000+11.1%$250/sqft |
Source: Doorify MLS #2388253 Report a problem | ||
| 6/9/2021 | Pending sale | $225,000$225/sqft |
Source: Doorify MLS #2388253 Report a problem | ||
| 6/7/2021 | Listed for sale | $225,000+64.8%$225/sqft |
Source: Doorify MLS #2388253 Report a problem | ||
| 11/9/2016 | Sold | $136,500+7.5%$136/sqft |
Source: Doorify MLS #2095735 Report a problem | ||
| 7/18/2016 | Listing removed | $1,200$1/sqft |
Source: Dunlap Lilley Properties, Inc. Report a problem | ||
| 4/12/2012 | Listing removed | $1,200$1/sqft |
Source: Dunlap Lilley Properties, Inc. Report a problem | ||
| 2/20/2012 | Price change | $1,200-4%$1/sqft |
Source: Dunlap Lilley Properties, Inc. Report a problem | ||
| 1/18/2012 | Price change | $1,250-3.8%$1/sqft |
Source: Dunlap Lilley Properties Report a problem | ||
| 1/9/2012 | Listed for rent | $1,300$1/sqft |
Source: Dunlap Lilley Properties Report a problem | ||
| 1/4/2006 | Sold | $127,000$127/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,962 +18% | $292,700 +52.8% |
| 2024 | $3,356 +2.2% | $191,600 |
| 2023 | $3,285 +4.7% | $191,600 |
| 2022 | $3,137 +31% | $191,600 +32% |
| 2021 | $2,395 -0.2% | $145,200 +6.2% |
| 2020 | $2,400 | $136,700 |
| 2018 | $2,400 +2.3% | $136,700 |
| 2017 | $2,346 -2.1% | $136,700 -2.2% |
| 2016 | $2,397 | $139,800 -1.8% |
| 2015 | $2,397 +0.7% | $142,414 |
| 2014 | $2,381 | $142,414 |
| 2013 | -- | $142,414 |
| 2012 | -- | $142,414 -10% |
| 2011 | -- | $158,238 |
| 2010 | -- | $158,238 |
| 2009 | -- | -- |
| 2008 | $1,935 +3.8% | $115,504 |
| 2007 | $1,864 | $115,504 |
| 2006 | -- | $115,504 |
| 2005 | $1,797 +4.2% | $115,504 +11.3% |
| 2004 | $1,725 +3.7% | $103,795 |
| 2003 | $1,664 +1.4% | $103,795 |
| 2002 | $1,642 +4.2% | $103,795 |
| 2001 | $1,575 -0.1% | $103,795 +14.3% |
| 2000 | $1,577 | $90,823 |
Find assessor info on the county website
Neighborhood: 27514
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Nearby schools
GreatSchools rating
- 4/10Northside Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 9/10Guy Phillips Middle SchoolGrades: 6-8Distance: 1.2 mi
- 9/10East Chapel Hill High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: CH/Carrboro - Northside
- Middle: CH/Carrboro - Guy Phillips
- High: CH/Carrboro - East Chapel Hill
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$279,600
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Estimated market value
$279,600
- North Carolina
- Orange County
- Chapel Hill
- 27514
- 700 Martin Luther King Jr Blvd Apartment A9
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