2502 Falls Dr
Chapel Hill, NC 27514
3 bd 3 ba 2,821 sqft Built 1969 Lot 40,946 sqft single_family
Most recent sale
$700,000
Oct 14, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 14, 2022 | Sold | $700,000 | MLS #2474777 |
| Sep 17, 2022 | Listed | $600,000 | MLS #2474777 |
| Nov 24, 2014 | Sold | $300,000 | Public Record |
| Nov 21, 2014 | Sold | $300,000 | DoorifyMLS |
| Aug 22, 2014 | Listed | $300,000 | MLS #1966590 |
| Mar 30, 2007 | Sold | $265,000 | Public Record |
| Sep 29, 2000 | Sold | $180,000 | Public Record |
| Jan 31, 1997 | Sold | $150,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $515,900 | $170,000 | $685,900 | $5,113 |
| 2023 | $323,000 | $85,000 | $408,000 | $3,957 |
| 2022 | $283,700 | $85,000 | $368,700 | $3,574 |
| 2021 | $283,700 | $85,000 | $368,700 | $3,492 |
| 2020 | $262,800 | $85,000 | $347,800 | $3,497 |
| 2019 | $262,800 | $85,000 | $347,800 | $3,497 |
| 2018 | $262,800 | $85,000 | $347,800 | $3,426 |
| 2017 | $262,800 | $85,000 | $347,800 | $3,343 |
| 2016 | $259,500 | $93,500 | $353,000 | $3,488 |
| 2015 | $201,913 | $93,617 | $295,530 | $2,938 |
| 2014 | $201,913 | $93,617 | $295,530 | $2,918 |
| 2013 | $201,913 | $93,617 | $295,530 | $2,859 |
| 2012 | $201,913 | $93,617 | $295,530 | $2,808 |
| 2011 | $201,913 | $93,617 | $295,530 | $2,798 |
| 2010 | $201,913 | $93,617 | $295,530 | $2,788 |
| 2009 | $198,913 | $93,617 | $292,530 | $2,685 |
| 2008 | $174,390 | $64,145 | $238,535 | $2,517 |
| 2007 | $134,252 | $64,145 | $198,397 | $1,997 |
Property facts
Year built
1969
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,821 sqft
Lot size
40,946 sqft
ZIP code
27514
City
Chapel Hill
Street
Falls Dr
Coordinates
36.00228, -79.05894
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,808
Gross rental yield
6.53%
Implied cap rate
4.24%
Trend-extrapolated value
—
Frequently asked questions
When did 2502 Falls Dr last sell?
2502 Falls Dr most recently sold on Oct 14, 2022 for $700,000.
What is the current tax assessment for 2502 Falls Dr?
The most recent total assessment for 2502 Falls Dr (year 2025) is $685,900 with $5,113 in property tax.
How does 2502 Falls Dr's assessment compare to its last sale price?
The current assessment is 2.0% below the last sale price of $700,000.
When was 2502 Falls Dr built?
2502 Falls Dr was built in 1969.
How does 2502 Falls Dr compare to others on Falls Dr?
We track 2 other properties on Falls Dr. Browse the list under "Other properties on Falls Dr" to compare beds, baths, and sale history.
What are the property facts for 2502 Falls Dr?
2502 Falls Dr is a 3 bed, 3 bath, 2,821 sqft, 40,946 sqft lot single_family.
Is 2502 Falls Dr a flip candidate?
No — 2502 Falls Dr does not appear in our flips dataset.
Is 2502 Falls Dr a tax-appeal candidate?
No — 2502 Falls Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.1%
Implied 1-yr
-12.5%
2026 Q3
$674.5K
2026 Q4
$658.1K
ZIP 27514 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Falls Dr