$425,000
●
Land -
Off Market
101 Madera Lane
Chapel Hill, NC 27517
Studio
0 Bath
$2,299
Est. Monthly
About This Property
An incredible chance to design and build your ideal home in one of
Chapel Hill's most sought-after locations, experience the feeling
of seclusion whilst enjoying the benefits of The Reserve
neighborhood. This prime lot offers the perfect blend of privacy
and convenience all just minutes from everything that makes Chapel
Hill so special. Located just off Mt Carmel Church Road, and mere
moments to Southern Village, UNC, and countless shops and
restaurants, this property places you right in the center of it all
yet still offers a peaceful, residential setting. Highly desirable,
gentle topography with skyline views beyond. Tucked within the
coveted CHCCS school district, this homesite is a rare gem with
endless potential. Owasa water and sewer, Duke electric, Enbridge
gas on site. Whether you're envisioning a modern masterpiece or a
timeless classic, this is the canvas you've been waiting for. Don't
miss this opportunity to build in a location that truly has it all.
Unit Size
-
Days on Market
-
Land Size
0.99 acres
Price per sqft
-
Property Type
Land
Property Taxes
$150
HOA Dues
-
Year Built
1994
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 7 months ago (TMLS #10135446)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Price Decreased |
$437,500
↓ $38K
(7.9%) | |
| Price Decreased | |||
| Feb 11, 2026 | Price Decreased |
$475,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Dec 2, 2025 | Listed by Nest Realty of the Triangle | $495,000 | |
| Listed by Nest Realty of the Triangle | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
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ft²
Price/ft²
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Asking Price
Listed On
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Closing Price
Sold On
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HOA + Taxes
About The Reserve
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Currently no similar homes aroundNearby Rentals
Listed by: Jeanie Stasko, Nest Realty of the Triangle
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10135446
Last Updated: 7 months ago
Data Source: TMLS, MLS# 10135446
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