223 Knolls Street
Chapel Hill, NC 27516
- 2 beds
- 1 bath
- 624 sqft
- ~5663 acre lot
- $400 per sqft
- 1942 build
- – on site
Investor Opportunity in Chapel Hill, NC - Prime Location & Strong Potential ***Sold As Is*** Presenting a rare investment opportunity in one of the Triangle's most sought-after markets—Chapel Hill, North Carolina. This property offers exceptional potential for investors looking to capitalize on the area's robust fix and flip, rental demand, strong appreciation trends, and proximity to major employers, universities, and amenities. Ideally situated in the heart of Chapel Hill, just minutes from the University of North Carolina (UNC), UNC Hospitals, and downtown Chapel Hill. With easy access to I-40 and a short drive to Research Triangle Park (RTP). Whether you're looking to add to your portfolio, renovate for higher returns, or acquire a high-demand rental property in an upscale neighborhood, this Chapel Hill listing is an excellent investment opportunity.
Last checked:
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Last updated Jan 24, 2025
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MLS# 10072340 —
The Building
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Year Built:1942
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:Traditional
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Structure Type:House
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Roof:Shingle
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Foundation Details:Raised
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Levels:One
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Basement:false
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Building Area Total:624
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Building Area Units:Square Feet
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Above Grade Finished Area:624
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Interior
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Rooms Total:5
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Flooring:Carpet
Room Dimensions
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Living Area:624
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Living Area Units:Square Feet
Location
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Directions:Turn right onto US-15 N/US-501 N Exit on the left onto NC-54 W toward Carrboro Merge onto NC-54 W Take the Merritt Mill Rd exit toward S Greensboro St Turn right onto S Merritt Mill Rd Turn left onto Crest Dr Turn right onto Knolls St
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Latitude:35.906022
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Longitude:-79.068336
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Coordinates:-79.068336, 35.906022
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Parcel Number:9778946579
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Lot Size Acres:5663
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Lot Size Area:5663
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Lot Size SqFt:246680280
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Lot Size Units:Acres
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (919) 616-1717
- Office phone:
- (919) 376-7193
Taxes
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Tax Annual Amount:2582
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Total Baths:1
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Total Baths:1
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Full Baths:1
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Available
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:CH/Carrboro - Northside
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Middle Or Junior School:CH/Carrboro - McDougle
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High School:CH/Carrboro - Chapel Hill
The Community
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Subdivision Name:Cole Heights
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Association:false
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Spa Features:None
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Pool Private:false
Parking
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Garage:false
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Carport:true
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Carport Spaces:1
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Open Parking:false
Monthly cost estimate
Asking price
$250,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,338
|
| Taxes | $215 |
| Insurance | $68 |
| Utilities | $128 See report |
| Total | $1,749/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/23/25
Jan 23, 2025
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Listed / Active | DMLS | $250,000 |
