$532,500
●
House -
Off Market
1205 Willow Drive
Chapel Hill, NC 27517
4 Beds
2 Baths
1,849 Ft²
$3,046
Est. Monthly
4.90%
Cap Rate
About This Property
From the moment you arrive, you'll notice the care and love that
has gone into maintaining this home. The screened-in porch, fenced
backyard, and fire pit set the scene for summer evenings and
relaxed spring or fall gatherings with friends and family. Just
around the corner, the community pool adds to the fun!
Step inside to a beautifully updated kitchen (2023) featuring a spacious island, pot filler over the stove, and windows overlooking the backyard. The open layout flows seamlessly into the family room-ideal for everyday living and entertaining. A few steps up, you'll find the primary bedroom along with two additional bedrooms. Head a few steps down to the lower level, where the flexible space with multiple rooms offers endless possibilities: guest suite, fourth bedroom with an office, bonus room, craft/game room, extra storage-whatever fits your needs.
With a pre-listing home inspection and home warranty included, you can move in with confidence. Welcome home!
Step inside to a beautifully updated kitchen (2023) featuring a spacious island, pot filler over the stove, and windows overlooking the backyard. The open layout flows seamlessly into the family room-ideal for everyday living and entertaining. A few steps up, you'll find the primary bedroom along with two additional bedrooms. Head a few steps down to the lower level, where the flexible space with multiple rooms offers endless possibilities: guest suite, fourth bedroom with an office, bonus room, craft/game room, extra storage-whatever fits your needs.
With a pre-listing home inspection and home warranty included, you can move in with confidence. Welcome home!
Unit Size
1,849 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$292
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1962
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Cap Rate Calculator
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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: 2 years ago (TMLS #10104957)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jun 22, 2025 | Listed by Compass -- Chapel Hill - Durham | $540,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
| Dec 2, 2022 | Sold | ||
| Sold | |||
| Nov 1, 2022 | Listed by Compass -- Chapel Hill - Durham | $495,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
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Property Highlights
Air Conditioning
Fireplace
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 Ridgefield
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Listed by: Alex Nickodem, Compass -- Chapel Hill - Durham
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10104957
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10104957
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