$385,000
●
House -
Off Market
2201 Copeland Way
Chapel Hill, NC 27517
5 Beds
2 Baths,
1
Half Bath
2,508 Ft²
$556,274
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Wonderful 4/5 bedroom home in popular Downing Creek. Waterfront
views, first floor hardwoods, 9 foot ceilings, granite counters,
vaulted ceiling in MBR, remodeled large tile walk-in shower in MBR,
fenced back yard, rocking chair front porch, recently replaced all
hardboard/masonite with Hardiplank fiber cement, new gutters. Walk
to pool and tennis courts.
Unit Size
2,508 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$155
Property Type
House
Property Taxes
$375
HOA Dues
$37
Year Built
1997
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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 #2273972)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 11, 2024 | No longer available | - | |
| No longer available | |||
| May 30, 2024 | Listed by Chapel Hill Realty Group | $625,000 | |
| Listed by Chapel Hill Realty Group | |||
| | |||
|
**Sellers plans changed and they are no longer moving at this time*** Sweet Downing Creek! Charming and updated, with open living, new roof and hardi-plank siding; this home has it all! Chapel Hill but Durham County, minutes to UNC, Duke and everything the area has to offer. This light filled beauty has a flowing floor plan, open family & kitchen area with serene pond views, separate dining and living room all with gleaming hardwoods, details & flexibility. A drop dead gorgeous primary bathroom with marble tile & stone and spacious bedrooms abound. Beloved neighborhood with picturesque landscapes, walking trails and community pool & recreation ($125/year for pool) all as friendly as it is stunning! Come see this modern traditional with updated kitchen and spa, tucked on the prettiest street in the neighborhood! Backyard path to the neighborhood pool and amenities too!! The manager has listed the unit size as 2580 square feet.
| |||
| Mar 16, 2020 | Sold | ||
| Sold | |||
| Aug 20, 2019 | Listed by The Chesson Agency | $389,000 | |
| Listed by The Chesson Agency | |||
| Jul 22, 2011 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Downing Creek
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Listed by: Will Winslow, The Chesson Agency
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2273972
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2273972
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