4 Bolin Heights

Chapel Hill, NC 27514

$1,450,000
Price
33,541 / 0.77
Lot Size / Acres

Description

Investors take a good look at this property ,.77 acres located approximately .6 miles to the intersection of East Franklin St. and Columbia St. in the heart of Chapel Hill N. C.and the UNC Campus. The Town of Chapel Hill wants new housing, and The Land Use Management Ordinance (LUMO)has incentives for new affordable housing. The subject property is in a R 4 zoning area and could yield 5/10 or more housing units. Think about that, new housing that is walking distance to Franklin St, UNC campus, shopping,...Investors< take a good look at this property ,.77 acres located approximately .6 miles to the intersection of East Franklin St. and Columbia St. in the heart of Chapel Hill N. C.and the UNC Campus. The Town of Chapel Hill wants new housing, and The Land Use Management Ordinance (LUMO)has incentives for new affordable housing. The subject property is in a R 4 zoning area and could yield 5/10 or more housing units. Think about that, new housing that is walking distance to Franklin St, UNC campus, shopping, and restaurants. There is a rental home on the property along with two storage buildings being sold as is. Do not disturb tenants, Property is a redevelopmeproperty.
  1. Listed by Tommy L Watts • Coldwell Banker - HPW

Property Details for 4 Bolin Heights

View
Other
View
Yes
Subdivision
Not in a Subdivision
LISTING UPDATED: 10/30/2024 11:01 AM

Property Details for 4 Bolin Heights

StatusActive
MLS #10055603
Days on Market50
Taxes$8,675 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size0.77 AC
CountyOrange County

Building Information for 4 Bolin Heights

Lot Size0.77 AC

Property Information for 4 Bolin Heights

Summary
Location and General Information
  • Zoning: R4
  • Directions: From East Franklin St. ,North on Columbia /MLK BLVD,Just befor Hillsborough St , Bolin Heights will be 0n your right Adjacent to Mill Creek Condos.From I 40,take NC 86 /MLK BLVD South ,just past the stop light at Hillsbourgh St., Bolin Heights will be on your left
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.922519
  • Longitude: -79.0539
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $8,674.71
  • City Limits Of: Chapel Hill
  • City Limits YN: Yes
  • Lot Number: 7
  • Restrictive Covenants YN: No
Contract Information
  • Lease Expiration Date: 2024-08-15
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: CH/Carrboro - Northside
  • Middle Or Junior School: CH/Carrboro - Guy Phillips
  • High School: CH/Carrboro - East Chapel Hill
Property
Lot Information
  • Lot Features: See Remarks
  • Lot Size Dimensions: 0 x 0
  • Other Structures: See Remarks
  • List PriceAcre: 1883116.88
  • Power Production YN: No
  • Road Frontage Length: 250
Property and Assessments
  • Photos Count: 27
  • Possible Use: Development, Multi-Family, Single Family, See Remarks
  • Below Grade Finished Area Units: Square Feet
  • Current Use: Multi-Family, See Remarks
  • Senior Community: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Fencing: Back Yard
  • Pool Private: No
Interior Features
  • Interior: Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Month To Month

Property History for 4 Bolin Heights

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4 Bolin Heights

Taxable ValueLand$282,000Additions$196,500Total$478,500
Tax Record2024$8,675 ($723 / month)
Home Facts
Beds5Baths2Total Finished SqFt2,372 SqFtAbove Grade Finished SqFt2,372 SqFtStories1Lot Size34,848 SqFtStyleSingle Family ResidenceYear Built1955Year Renovated1971ZoningR-4/R-6CountyORANGEAPN9789-30-9642Fireplace TypeHas Fireplace

Schools near 4 Bolin Heights

This home is within Chapel Hill-Carrboro City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Northside Elementary School
PublicPK to 5

Guy Phillips Middle School
Public6 to 8

East Chapel Hill High School
Public9 to 12

Phoenix Academy High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4 Bolin Heights is a 0.77 ac of land for sale in Chapel Hill, NC 27514. This property was listed for sale on October 1, 2024 by Coldwell Banker - HPW, it's currently listed at $1,450,000. This listing's school district is Chapel Hill-Carrboro City School District. Nearby schools include Northside Elementary School, Guy Phillips Middle School and East Chapel Hill High School. 4 Bolin Heights is a 0-bed, 0-bath, 0.77 ac of land on a 33,541 sq. ft. / 0.77 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker - HPW

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