When was property at 1005 Wave Road built and last sold?

The property at 1005 Wave Road was built in 1972 and last sold on Apr 12, 2023 for $510,000.

How much is this home worth?

The estimated value of the home located at 1005 Wave Road is $457,503.

What are some comparable homes to 1005 Wave Road?

There are currently no comparable homes to 1005 Wave Road.

Orange

27517

Wave Road

1005 Wave Road

$510,000

● House - Off Market

1005 Wave Road

Chapel Hill, NC 27517

3 Beds

3 Baths, 1 Half Bath

2,302 Ft²

$455,805

RealtyHop Estimate

1.74%

Since May 1, 2023

National-US

Primary Model

About This Property

Perched among the trees, on a serene, private street, sits the perfect home for every season. This remarkable treehouse near the Obie Creek offers panoramic nature views from the beautifully appointed 300 square-foot sunroom with vaulted ceilings and the family room with several generously-sized windows. Light dances through the many skylights and solar tubes, glistening on the maple wood cabinets custom-designed by the owner, a master cabinetmaker. Avid gardeners will excitedly flex their green thumbs on the hills and walkways, where over 60 splendorous white, pink and red Azaleas and Rhododendrons bloom during the spring and early summer. The finished walk-out basement offers 784 square feet of opportunities for various hobbies and lifestyles, including a home office, recreational room, storage or workshop. Wave Road is superbly located! This property is across from gorgeous Southern Village, offering restaurants, markets, stores and community events; 10 minutes from downtown Carrboro-Chapel Hill; and 25 minutes from Research Triangle Park and RDU International. Enjoy Chapel Hill Schools & Orange County taxes!

Unit Size

2,302 Ft²

Days on Market

Land Size

0.47 acres

Price per sqft

$195

Property Type

House

Property Taxes

$287

HOA Dues

Year Built

1972

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (TMLS #2501892)

Price History

Date / Event	Date	Event
Apr 28, 2023	Sold	Premium
Sold
Mar 27, 2023	Listed by Hodge&KittrellSothebysIntlRlty	$448,000
Listed by Hodge&KittrellSothebysIntlRlty
Nov 24, 2022	No longer available	-
No longer available
Oct 15, 2022	Price Decreased	$478,000 ↓ $22K (4.4%)
Price Decreased
Sep 23, 2022	Relisted	$500,000
Relisted
Sep 16, 2022	In contract	-
In contract
Aug 28, 2022	Listed by Hodge&KittrellSothebysIntlRlty	$500,000
Listed by Hodge&KittrellSothebysIntlRlty

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1972

Effective Year Built: 1982
Total Rooms: 7
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Bathroom Plumbing Fixtures: 5
Building Condition: 0
Building Quality: 0
Construction Type: 6
Building Style: 15
Exterior Walls Type: 15
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 20
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 9
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 20,473

Lot Size Depth Feet: 1,920
Lot Size Frontage Feet: 1,050
Total Building Area: 2,472
Gross Building Area: 3,619
Building Area: 2,472
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 13

Heating: 24
Heated Square Feet: 2,472
Heating Fuel Type: 3

Utilities

Sewer System: 4

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: ROLLING HILLS
Land Acres: 0000000470
Standard Land Use Code: 1001
County Land Use Code: 1001
Legal Description 1: 12 ROLLING HILLS P10/39

Neighborhood

School District Name: Chapel Hill-Carrboro Schools

School Tax School District: CH-CARR SCHOOL
Census Tract: 012201

Zoning

Zoning: RLD1

Geography

Assessors Map Reference: 6057/288

District: 7
Parcel: 9787-00-7880
Municipality: CHAPEL HILL
Latitude: 35.8686
Longitude: -79.0652

Address

Full Address: 1005 Wave Rd

Address - House Number: 1005
Address - Street Name: Wave
Address - Suffix Type: Rd
State: NC
City Name: Chapel Hill
Carrier Code: R007
4-Digit Zip Code: 8047
Zip Code: 27517

Valuation

Tax

Tax Year: 2023

Tax Amount: $352,486
Initial Tax Delinquent Year: 2022
Tax Rate Code Area: CHSC,STFR,

Appraisal Valuation

Standard Deviation: 0.0824

Valuation Date: Oct 11, 2023
Confidence Score: 93
Final Value: 473,166
High Value: 512,195
Low Value: 434,137

Open Liens

Total Open Liens:

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First Open Lien Mortgage Lender:

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Market Valuation

Market Total Value: $291,300

Market Land Value: $85,000
Market Improvement Value: $206,300

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $291,300
Assessed Land Value: $85,000
Assessed Improvements Value: $206,300

Sales

Current Sale Contract Date: Apr 12, 2023

Current Sale Recording Date: Apr 28, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 30087497

Last Sale Mortgage

First Mortgage Lender:

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First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Wave Road

Stats & Trends

Median Asking:

Sale Price/ft²

Above Asking

0.00%

Average Days on Market

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 500 Market Street, Chapel Hill, NC, 27516

$2,109 /mo

2 Beds
2 Baths
1,060 ft²

500 Market Street #301, Chapel Hill, NC, 27516 Listing by Andrew Bennett

Unit for rent at 134 Channing Lane, Chapel Hill, NC, 27516

$2,195 /mo

3 Beds
2 Baths
1,832 ft²

134 Channing Lane, Chapel Hill, NC, 27516 Listing by Andrew Bennett

Unit for rent at 337 Rose Walk Lane, Carrboro, NC, 27510

$2,295 /mo

3 Beds
2 Baths
2,285 ft²

337 Rose Walk Lane, Carrboro, NC, 27510 Listing by Andrew Bennett

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Aileen Stapleton, Hodge&KittrellSothebysIntlRlty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2501892

Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. 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. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

1005 Wave Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Wave Road

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions