$318,000
●
Land -
Off Market
Lot 2 Deer Run Trail
Hillsborough, NC 27278
Studio
0 Bath
$1,600
Est. Monthly
About This Property
LAST CHANCE! One of only 2 remaining lots in the Deer Run
neighborhood can be yours for the asking. Part of the original Eno
River Farm est. 1966 in rural Orange Co., NC. Large open 10 acre
lot with potential future water view. Beautiful rolling
pastureland, with the peace and tranquility you'd expect. Come
build your dream home, with room left over for the horses. Miles of
private roads for walking, nature and wildlife viewing. Enjoy the
Fall foliage on a leisurely stroll down to the lake. Watch the
newborn fawns frolic in the Buttercup fields in the Spring. Just 10
minutes from historic Hillsborough, NC, with all it's shops and
quaint downtown eateries. Convenient to all amenities, shopping,
major medical, RDU International Airport, Interstates 40 and 85,
and Research Triangle Park. If you are a sports lover, Duke and UNC
are just down the road.. Soil test for 4-5 bedroom home. No HOA.
Neighborhood Road Maintenance agreement applies. Internet providers
are Lumos and Starlink.
Unit Size
-
Days on Market
210 days
Land Size
10.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
-
Year Built
-
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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: 24 days ago (TMLS #10150691)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Sold | ||
| Sold | |||
| Aug 27, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Peak, Swirles & Cavallito | $325,000 | |
| Listed by Peak, Swirles & Cavallito | |||
| Apr 24, 2025 | Listed | $1,184,590 | |
| Listed | |||
| | |||
|
Build your dream home! Wonderful opportunity for a buyer to work with Drees Homes! Photos and renderings are suggestive of the proposed construction. Pricing is based on proposed plan but could change if plan and finishes are modified.
Lot 2 Deer Run also offered as a land-only option. See MLS# 10079220.
| |||
| Feb 28, 2025 | Listed | $350,000 | |
| Listed | |||
| | |||
|
One of the prettiest lots still available on Deer Run Trail. Located in desirable Deer Run at Eno River Farm near Lake Orange. Formerly part of the original Eno River Farm, this is one of the last available 10 acre parcels. The open meadow will make a beautiful homesite. This lovely serene location is only 10 minutes from DT Historic Hillsborough with its charming shops, galleries and delightful eateries. Convenient to Duke, UNC and RTP with easy access to I-85 and I-40 toward Greensboro .Soil scientist evaluations are in MLS documents identifying options for 4/5 BRs depending on the system. Lumos and Starlink are internet options.
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Property Highlights
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About Orange
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Susan Peak, Peak, Swirles & Cavallito
Last Updated: 24 days ago
Data Source: TMLS, MLS# 10150691
Last Updated: 24 days ago
Data Source: TMLS, MLS# 10150691
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