17
Map
$575,000
↓ $25K (4.2%)
●
House -
For Sale
1153 Belfair Way
Chapel Hill, NC 27517
4 Beds
2 Baths,
1
Half Bath
2,231 Ft²
$3,330
Est. Monthly
$38
HOA / Fees
About This Property
UPDATED home in Downing Creek w/NEW CARPET, fresh Paint!
BRIGHT open floor plan with updated Kitchen including
CABINETS, QUARTZ counters, huge ISLAND, STAINLESS appliances
& TILE flooring. SUNROOM off family room for extra
entertainment space. Upstairs Owners suite with updated
vanity, SOAKING TUB & TILE/WALK-IN shower! Dedicated OFFICE
with built-ins, three secondary bedrooms plus a huge WALK-IN attic
space. Large DECK overlooks the private FENCED yard.
2023 NEW WINDOWS! Community Lake, Playground, Pool &
Tennis close by. Sellers completed structural repairs - see
docs & warranty info. HWY 54/501/I-40, Downtown Chapel Hill &
Jordan Lake all close by! Assumable VA loan for BOTH
Veterans and Non-Veterans. Current rate is 2.99%-ability to assume
the loan is subject to lender/servicer approval and buyer
qualification. Buyer covers the difference between the
purchase price and the assumed loan balance, plus applicable
closing costs. Contact listing agent for details.
Unit Size
2,231 Ft²
Days on Market
44 days
Land Size
0.17 acres
Price per sqft
$258
Property Type
House
Property Taxes
$467
HOA Dues
$38
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: 7 hours ago (TMLS #10191762)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2026 | Price Decreased |
$575,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Sep 23, 2026 | Price Decreased |
$600,000
↓ $25K
(4%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by Relevate Real Estate Inc. | $625,000 | |
| Listed by Relevate Real Estate Inc. | |||
| Nov 18, 2021 | Sold | ||
| Sold | |||
| Aug 23, 2021 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front, Inside Entrance, Kitchen Level, Side By Side
Garage Spaces: 2
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Double Vanity, Entrance Foyer, Kitchen Island, Soaking Tub, Storage, Quartz Counters, Separate Shower, Walk-In Shower
Appliances: Electric Water Heater, Plumbed For Ice Maker
Flooring Type: Carpet, Hardwood
Laundry Features: In Hall, Upper Level
Rooms: 10
Has Fireplace
Fireplace Features: Family Room, See Remarks
Fireplaces: 1
Exterior Details
Square Footage: 2231
Security Features: Smoke Detector(s)
Property Condition: Updated/Remodeled
Architectural Style: Traditional, Transitional
Year Built: 1988
Building Area Total: 2231
Levels: Two
Construction Materials: Brick, Fiber Cement
Patio and Porch Features: Covered, Deck, Front Porch
Lot Features: Back Yard, Front Yard, Landscaped, Private
Lot Size Area: 0.17
Lot Size Units: Acres
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Lot Size Dimensions: 66x100x83x106
Water Source: Public
Financial Details
Tax Map Number: 06
Tax Assessed Value: $565,909
Tax Annual Amount: $5,610
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Multi Units
Heating Type: Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Unknown
HOA/Condo/Coop Amenities: Clubhouse, Playground, Pool, Tennis Court(s)
HOA Fee: $460
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 Downing Creek
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Listed by: Pete Marston, Relevate Real Estate Inc.
Last Updated: 7 hours ago
Data Source: TMLS, MLS# 10191762
Last Updated: 7 hours ago
Data Source: TMLS, MLS# 10191762
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