$777,000
●
House -
Off Market
1208 Ellen Place
Chapel Hill, NC 27514
4 Beds
3 Baths,
1
Half Bath
2,829 Ft²
$692,415
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
Exquisite on Ellen Place! Rare opportunity for lakefront living in
the heart of Chapel Hill. Super cool modernist home with 4 bedrooms
and 3.5 baths. Architecturally interesting and well designed, the
spacious living room has walls of windows that bring light and
nature inside and the woodburning stove keeps the house extra
toasty in the winter. Doors lead to a full length deck that
overlooks Lake Ellen. The kitchen has an adorable breakfast nook
and lots of cabinets. Main level primary bedroom with huge walk-in
closet. Tons of shelves and a skylight! Beautiful real hardwood
floors, new carpet. Lower level has fantastic family room, full
bath, two additional bedrooms and a cute little kitchen. So many
possibilities as an in-law suite, teen hangout or apartment. .61
acre landscaped property with plenty of room for gardening, sports,
play. Separate outbuilding and enough wood to get you through a
couple of winters! Roof, HVAC, water heater and deck all replaced
in past 5 years. Small home office with 1/2 bath and separate
entrance. Abundant wildlife, birds and fish! Chapel Hill
Schools.
Unit Size
2,829 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$246
Property Type
House
Property Taxes
$589
HOA Dues
-
Year Built
1980
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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 #2534851)
Price History
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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Asking Price
Listed On
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Sold On
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HOA + Taxes
About North Forest Hills
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Listed by: Michele Burris, Local Market Realty, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2534851
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2534851
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