$1,499,000
↓ $300K (16.7%)
●
House -
For Sale
111 Foxridge Road
Chapel Hill, NC 27514
11 Beds
11 Baths,
1
Half Bath
10,605 Ft²
$9,117
Est. Monthly
$33
HOA / Fees
About This Property
We're talking almost 2.5 acres in the heart of 27514 -- one of the
most sought-after zip codes in the Triangle -- just down the street
from Duke Forest and zoned for horses. But what really makes
this one special is the flexibility. The main home was
custom-designed and built by the owners themselves, with generous
communal spaces that were clearly thought through. And then there's
everything else: A mother-in-law suite with its own separate
entrance. A three-bedroom apartment above a four-car garage. Both
with real potential as income-producing rentals. Whether
you're looking for a multigenerational setup, a primary residence
with passive income built in, or simply a private retreat with room
to grow -- this property adapts to your life. Chapel
Hill/Carrboro schools. Duke Forest as your neighbor. 2.5 acres to
make your own. This is the kind of listing that means
something different to everyone who sees it -- and that's exactly
what makes it worth a closer look.
Unit Size
10,605 Ft²
Days on Market
225 days
Land Size
2.46 acres
Price per sqft
$141
Property Type
House
Property Taxes
$1,724
HOA Dues
$33
Year Built
1988
Listed By
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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: 3 months ago (TMLS #10154229)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2026 | Price Decreased |
$1,499,000
↓ $300K
(16.7%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$1,799,000
↓ $196K
(9.8%) | |
| Price Decreased | |||
| Mar 20, 2026 | Listed by Keller Williams Elite Realty | $1,995,000 | |
| Listed by Keller Williams Elite Realty | |||
| Sep 24, 2025 | Listed | $2,499,000 | |
| Listed | |||
| | |||
|
Almost 2.5-acre lot in Chapel Hill located in sought after 27514 zip code. This custom-built home was designed and built by the owners and has generously sized communal spaces, a mother-in-law suite with separate entrance as well as a three-bedroom apartment above the four-car garage. This property is down the street from Duke Forest and is part of the Chapel Hill/Carrboro school district. Apartment above garage and basement level suite have potential to be used as rentals for passive income opportunities. This home and acreage is also zoned for horse property. Many different options lie within this listing!! Make it your own!
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Garage, Garage Faces Front, Parking Lot
Garage Spaces: 4
Open Parking Spaces: 5
Interior Details
Half Bathrooms: 1
Full Bathrooms: 11
Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Central Vacuum, Coffered Ceiling(s), Granite Counters, Pantry, Tray Ceiling(s), Walk-In Closet(s)
Appliances: Bar Fridge, Built-In Electric Oven, Built-In Gas Range, Convection Oven, Dishwasher, Disposal, Double Oven, Dryer, Electric Water Heater, Free-Standing Refrigerator, Freezer, Microwave, Trash Compactor, Washer
Flooring Type: Carpet, Hardwood, Laminate, Tile
Door Features: French Doors, Mirrored Closet Door(s)
Laundry Features: Electric Dryer Hookup, In Basement, Inside, Laundry Room, Lower Level, Main Level, Multiple Locations, Sink, Upper Level
Rooms: 20
Has Fireplace
Fireplace Features: Bath, Great Room, Library, Living Room
Fireplaces: 4
Basement: Bath/Stubbed, Finished, Walk-Out Access, Walk-Up Access
Exterior Details
Square Footage: 10605
Security Features: Smoke Detector(s)
Architectural Style: Traditional
Year Built: 1988
Building Area Total: 10605
Levels: Three Or More
Other Structures: Gazebo
Window Features: Blinds, Double Pane Windows
Construction Materials: Fiber Cement, Stone
Patio and Porch Features: Deck, Front Porch, Porch, Screened
Lot Features: Cul-De-Sac, Hardwood Trees
Lot Size Area: 2.46
Lot Size Units: Acres
Lot Size Acres: 2.46
Lot Size Square Feet: 107157.6
Water Source: Well, Community Water
Financial Details
Tax Assessed Value: $2,239,700
Tax Annual Amount: $20,684
Utilities Details
Cooling Type: Attic Fan, Ceiling Fan(s), Central Air, Electric, Zoned
Heating Type: Heat Pump, Zoned
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Barbecue, Basketball Court, Clubhouse, Parking, Picnic Area, Playground, Pool, Tennis Court(s)
HOA Fee: $395
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Orange
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Listed by: Matt Perry, Keller Williams Elite Realty
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10154229
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10154229
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