$700,000
●
House -
Off Market
128 Dixie Drive
Chapel Hill, NC 27514
3 Beds
4 Baths
2,937 Ft²
$4,135
Est. Monthly
2.38%
Cap Rate
About This Property
Fabulous Chapel Hill location and income producing potential! This
beautiful home can be your residence AND provide rental income. In
one of Chapel Hill's most convenient neighborhoods, this mid
century brick ranch with a daylight, walk-out basement is close to
everything this area has to offer. Near UNC, Franklin Street,
medical, retail, dining, schools, trails and easy interstate access
yet nestled on a private, buffered lot surrounded by lovely
hardwoods and borders Bolin Creek. Open living space, guest/in-law
apartment with separate entrance, and a huge multi-level deck
overlooking the creek. The spacious main level apartment is ready
for your guests or tenants with a full kitchen and bath, separate
HVAC and entrance. Walk-out basement has a full bath, fireplace,
large patio and is set-up for a kitchen to provide a second living
space or an additional apartment. Main floor has a large kitchen
with huge island - perfect for gathering, stainless appliances,
ample cabinets and counter space, comfortable family room with
built-ins, open dining area overlooking the amazing deck and
hardwood flooring. Bring an Offer!
Unit Size
2,937 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$249
Property Type
House
Property Taxes
$550
HOA Dues
-
Year Built
1967
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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 #10054674)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2025 | Sold | ||
| Sold | |||
| May 2, 2025 | In contract | - | |
| In contract | |||
| Mar 2, 2025 | Price Decreased |
$730,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
| Jan 17, 2025 | Price Decreased |
$750,000
↓ $45K
(5.7%) | |
| Price Decreased | |||
| Nov 23, 2024 | Price Decreased |
$795,000
↓ $53K
(6.3%) | |
| Price Decreased | |||
Show More
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 North Forest Hills
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Listed by: Mary Kathleen Shell, Ride Realty, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10054674
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10054674
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