501 Palafox Dr, Chapel Hill, NC, 27516

Location

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Property Highlights

Home TypeSingle Family Residence

Attached Garage2 spaces

Year Built2000

HeatingCentral, Fireplace(s), Forced Air, Gas Pack, Natural Gas

CoolingCentral Air, Dual, Gas Pack

MLS #10029505

Lot Size0.22 Acres

StatusSale Pending
(Pending)

About 501 Palafox Dr

Step into luxury living in this fully renovated gem nestled in the sought-after Parkside neighborhood of Chapel Hill, just a stone's throw away from the vibrant UNC campus. Boasting a myriad of upgrades, this home is the epitome of modern comfort and style. From the moment you arrive, you'll be greeted by the charm of a brand-new roof and gutters, setting the tone for the exceptional quality that awaits inside. Step through the threshold onto pristine Luxury Vinyl Plank flooring, extending seamlessly throughout the entire residence, offering both durability and elegance. Prepare to be wowed by the heart of the home—a stunning kitchen adorned with brand-new quartz countertops and a chic tile backsplash, making meal prep a delight. Entertain guests effortlessly in the spacious living areas, complete with fresh paint and new light fixtures that exude contemporary charm. This haven offers more than just surface beauty; it's equipped with practical upgrades, including a new main floor HVAC system ensuring year-round comfort, while the second-floor HVAC, just four years young, promises efficient performance. Discover versatility with a main-floor office, easily convertible to a fifth bedroom, complete with an en-suite for added convenience. Retreat to the expansive deck, where tranquility meets privacy, providing the perfect backdrop for outdoor gatherings or peaceful relaxation. Upstairs, the luxurious master suite awaits, boasting cathedral ceilings, a generous walk-in closet, and a master bath featuring a garden tub and separate shower—an oasis of serenity after a long day. With new deck boards, tile floors in all bathrooms, and meticulous attention to detail throughout, this home is truly a must-see for those seeking unparalleled quality and comfort. Don't miss your chance to experience the pinnacle of Chapel Hill living—schedule your tour today!

Property Details

Property Features

Property Information:

Architectural Style: Traditional
Year Built: 2000
Living Area: 2,443 SqFt

Listing Office:

Office Name: eXp Realty, LLC - Clayton
Office Phone: (888) 584-9431
Listing Agent: Keith Duncan

Interior Features

Interior Information:

Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave, Range Hood, Refrigerator
Flooring Type: Luxury Vinyl, Tile

Bedroom and Bathroom Information:

Full Bathrooms: 3
Total Bedroom Count: 5

Exterior Features

Parking Information:

Garage Space: 2 spaces
Attached Garage: Yes

Lot Features

Lot Information:

Lot: Back Yard, Trees, Landscaped, Many Trees, Wooded
Lot Size: 0.22 Acres

Utilities

Utilities Information:

Heating: Central, Fireplace(s), Forced Air, Gas Pack, Natural Gas
Cooling: Central Air, Dual, Gas Pack

School Info

Assigned Schools Information:

Chapel Hill High School, Public District Grades 9-12
Smith Middle School, Public District Grades 6-8
Northside Elementary School, Public District Grades PK-5
Carrboro Elementary School, Public District Grades PK-5

Other

Directions Information:

Directions: From I-40 take Exit #266 go left (south) on MLK Blvd (NC 86) go approx 1/2 mile and turn right on New Parkside Dr then right on Palafox.

Price Information

Listing Price Info

Price Summary:

List Price: Price Not Disclosed
Price Per SqFt: $266/SqFt

HOA Fees:

Amount: $184
Frequency: Annually

Tax Information:

Annual Amount: $6,168
Tax Year: 2020

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Chapel Hill, NC.

Chapel Hill, NC

City

Med. Sold Price

$653.2K

Med. Price/SqFt

$271

Avg. Days On Market

# of Sold Homes

100

501 Palafox Dr vs Chapel Hill

16 DAYS ON ROCKET

-2 Days

Price Not Disclosed

$266/SqFt

-$5 Less

KEY TAKEAWAY

This property is $5/SqFt less than other homes in Chapel Hill, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Name: Triangle MLS
MLS Number: #10029505

Listing Office:

Office Name: eXp Realty, LLC - Clayton
Office Phone: (888) 584-9431
Listing Agent: Keith Duncan

Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/31/2024, 9:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Apr 13, 2020	Apr 13, 2020Home Sold	$350,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$6,168	$366,900
2019	$6,167	$366,900
2018	$6,026	$366,900

History based on county public records data.

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

/10

Northside Elementary School
350 Caldwell Ext
Distance between this listing and this school2.91 miles
Public District Grades PK-5

/10

Carrboro Elementary School
400 Shelton St
Distance between this listing and this school3.23 miles
Public District Grades PK-5

Middle School

/10

Smith Middle School
9201 Seawell School Rd
Distance between this listing and this school1.38 miles
Public District Grades 6-8

High School

/10

Chapel Hill High School
1709 High School Rd
Distance between this listing and this school1.28 miles
Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

<35k

44%

35k-100k

40%

100k-200k

10%

200k+

What level of education do the neighbors have?

Post Secondary: 63%
Masters: 17%
Doctorate: 13%
High School: 7%

What types of families live nearby?

18%

Single, No Kids

11%

Single, with Kids

18%

Married, No Kids

53%

Married, with Kids

Are the neighbors home owners or renters?

Home Owners: 87%
Renters: 13%

How old are people in this area?

22%

<11 yrs old

14%

12-17 yrs old

12%

18-34 yrs old

47%

35-64 yrs old

65+ yrs old

What do the neighbors do for fun?

Skiing/snowboarding
PGA/LPGA
College Football

Where do the neighbors shop?

BJs Wholesale Club
Stein Mart
Express/Express For Men

Where do the neighbors go to eat?

Panera
Cracker Barrel
Sonic

What do the neighbors drive?

Infiniti
Lexus
Kia

What do the neighbors listen to?

Adult Hits
Oldies
New Country

The neighbors living near this home have an average income of $99,460. The majority of Chapel Hill, NC residents have income between $35k-100k annually. The majority of families are married, with kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 Palafox Dr

What type of property is this?

The property 501 Palafox Dr is a house located in Chapel Hill, North Carolina, 27516.

Is this property for sale now?

Sale Pending: 501 Palafox Dr is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 501 Palafox Dr are:
Northside Elementary School: GreatSchools Rating 4/10
Carrboro Elementary School: GreatSchools Rating 6/10
Smith Middle School: GreatSchools Rating 7/10
Chapel Hill High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,168 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 13, 2020 for $350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 501 Palafox Dr has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 501 Palafox Dr is 2,443 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 Palafox Dr is 2000.

Rocket Homes›North Carolina›Orange County›Chapel Hill›27516›501 Palafox Dr

This home is located at 501 Palafox Dr in Chapel Hill, NC and zip code 27516 in the Parkside neighborhood. This 2,443 square foot home, which was built in 2000, sits on a 0.22 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 15, 2024.

In April 2024, from all listings sold in Chapel Hill, NC there were more than 46 sold above asking price, over 29 sold below and more than 25 were sold right at the asked price. The inventory of homes for sale in Chapel Hill, NC between March 2024 and April 2024 increased by 2.2%. While the average time on the market in April 2024 was 18 days, the median list price was $653,219.