$1,250,000
●
House -
Off Market
204 Madera Lane
Chapel Hill, NC 27517
4 Beds
4 Baths
4,657 Ft²
$7,207
Est. Monthly
$21
HOA / Fees
1.64%
Cap Rate
About This Property
Marvelous on Madera! The perfect kiss of contemporary architecture
expertly sited on 4 private acres, experience the feeling of
seclusion whilst enjoying the benefits of The Reserve neighborhood.
Custom built by Crist-Chapman with an eye for captivating
floor-to-ceiling windows. Harmonious and convenient main-level
layout features a welcoming foyer with immediate views of the
breathtaking family room and lines of sight to the dining room,
living room and kitchen. Main floor primary bedroom, home office
and secondary bedroom. The lower level offers two secondary
bedrooms + bathrooms, a versatile flex space, unfinished area
offers room for expansion and is thoughtfully pre-plumbed, or
utilize as a workshop or ample storage space. Whether you are
bathing in dappled sunlight in the family room or cozying up with
friends in the den, whatever your mood - this house feels like
home.
Unit Size
4,657 Ft²
Days on Market
-
Land Size
3.87 acres
Price per sqft
$279
Property Type
House
Property Taxes
$802
HOA Dues
$21
Year Built
1997
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #10036814)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Nest Realty of the Triangle | $1,300,000 | |
| Listed by Nest Realty of the Triangle | |||
| | |||
|
Marvelous on Madera! The perfect kiss of contemporary architecture expertly sited on 4 private acres, experience the feeling of seclusion whilst enjoying the benefits of The Reserve neighborhood. Custom built by Crist-Chapman with an eye for captivating floor-to-ceiling windows. Harmonious and convenient main-level layout features a welcoming foyer with immediate views of the breathtaking family room and lines of sight to the dining room, living room and kitchen. Main floor primary bedroom, home office and secondary bedroom. The lower level offers two secondary bedrooms + bathrooms, a versatile flex space, unfinished area offers room for expansion and is thoughtfully pre-plumbed, or utilize as a workshop or ample storage space. Whether you are bathing in dappled sunlight in the family room or cozying up with friends in the den, whatever your mood - this house feels like home.
| |||
| Sep 18, 1995 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
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 The Reserve
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jeanie Stasko, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10036814
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10036814
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017