See Home Value
$660,000
● House - Off Market

16 Davie Circle

Chapel Hill, NC 27514
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,886 Ft²
$4,015
Est. Monthly

About This Property

Investment Opportunity in One of Chapel Hill's Most Desirable Rental Corridors - Currently rented through July 28, 2026 at $3800 a month. Then July 28 2026-2027 for $3875. Positioned approximately one mile from the University of North Carolina at Chapel Hill, this property offers the combination investors seek most: a high-demand location, functional floor plan, and significant recent capital improvements that reduce near-term ownership costs. Located on Davie Circle, a well-established neighborhood with consistent demand from faculty, graduate students, medical professionals, and long-term residents, this property is strategically positioned to benefit from Chapel Hill's limited housing inventory and enduring rental market fundamentals. The versatile layout includes four bedrooms, creating multiple opportunities for maximizing rental income, accommodating work-from-home tenants, or supporting multi-generational living arrangements. The open design and abundant natural light enhance tenant appeal while supporting strong occupancy potential. Recent improvements provide a compelling deferred-maintenance story. Major updates include a screened porch and storage room addition (2016), roof replacement with skylight (2018), new deck (2019), water heater (2022), and HVAC heat pump system (2023). The kitchen has also been upgraded with quartz countertops, delivering the modern finishes today's tenants expect while minimizing future capital expenditures. Outdoor amenities further strengthen the property's rental profile. The screened porch, deck, and fully fenced private yard offer desirable lifestyle features that can support premium rents, improve tenant retention, and differentiate the asset from competing inventory near campus. For investors seeking immediate income potential, the property is move-in ready with no significant renovation bridge period required. The combination of location, flexible square footage, private outdoor space, and substantial system upgrades creates a well-positioned asset in one of North Carolina's most resilient university-driven housing markets. Strong location. Proven demand. Capital improvements already completed. A turnkey opportunity for investors focused on long-term appreciation, stable occupancy, and reduced maintenance exposure.
Unit Size
1,886 Ft²
Days on Market
76 days
Land Size
0.25 acres
Price per sqft
$358
Property Type
House
Property Taxes
$700
HOA Dues
-
Year Built
1978

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Last updated: 3 months ago (TMLS #10171683)

Price History

Date / Event Date Event Price
Aug 19, 2026 Sold
Sold
Jul 21, 2026 In contract -
In contract
Jun 24, 2026 Price Decreased $675,000
↓ $25K (3.6%)
Price Decreased
Jun 3, 2026 Listed by Compass -- Raleigh $699,900
Listed by Compass -- Raleigh
Jul 3, 2024 Sold
Sold
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,853
  • Gross Building Area: 2,604
  • Building Area: 1,853
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,853
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DAVIE WOODS
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 1001
  • Legal Description 1: 4 BL B DAVIE WOODS

Neighborhood

  • School District Name: Chapel Hill-Carrboro Schools
  • School Tax School District: CH-CARR SCHOOL
  • Census Tract: 011500

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 5202/509
  • District: 7
  • Parcel: 9788-88-8848
  • Municipality: CHAPEL HILL
  • Latitude: 35.9178
  • Longitude: -79.0373

    Address

  • Full Address: 16 Davie Cir
  • Address - House Number: 16
  • Address - Street Name: Davie
  • Address - Suffix Type: Cir
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: C003
  • 4-Digit Zip Code: 5900
  • Zip Code: 27514

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $653,843
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: CHSC,ORAG,

    Appraisal Valuation

  • Standard Deviation: 0.1586
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 80
  • Final Value: 625,974
  • High Value: 725,257
  • Low Value: 526,691

    Market Valuation

  • Market Total Value: $394,100
  • Market Land Value: $230,000
  • Market Improvement Value: $164,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,100
  • Assessed Land Value: $230,000
  • Assessed Improvements Value: $164,100

    Sales

  • Current Sale Contract Date: Aug 08, 2011
  • Current Sale Recording Date: Aug 08, 2011
  • Current Sale Price:
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Davie Circle


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Nearby Rentals

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Unit for rent at 111 Isley Street, Chapel Hill, NC, 27516

$1,650 /mo

  • 2 Beds
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111 Isley Street, Chapel Hill, NC, 27516 Listing by Andrew Bennett
Unit for rent at 405 Ransom Street, Chapel Hill, NC, 27516

$1,400 /mo

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405 Ransom Street, Chapel Hill, NC, 27516 Listing by Kent Wiles


Frequently Asked Questions

When was property at 16 Davie Circle built and last sold?
The property at 16 Davie Circle was built in 1978 and last sold on Aug 8, 2011 for $325,000.
How much is this home worth?
The estimated value of the home located at 16 Davie Circle is $716,235.
What are some comparable homes to 16 Davie Circle?
There are currently no comparable homes to 16 Davie Circle.

Nearby Counties