248 Abbot Place
About This Property
As you step inside, you'll be greeted by an abundance of natural light pouring through the large windows, highlighting the beautiful hardwood floors and creating a warm, inviting atmosphere. The spacious design offers multiple living areas, providing ample space for both relaxation and entertainment.
A well-appointed kitchen is a chef's delight, equipped with top-of-the-line appliances, large pantry, and a layout that seamlessly combines style and functionality. Whether it's a casual family meal or a grand dinner party, this open concept is primed to meet all your needs.
The 7 bedrooms provide flexibility for families of all sizes and their guests. Envision yourself retreating each evening to the owner's suite, complete with a large soaking tub, 2 generous walk-in closets, and private sitting area. An additional suite, located in the light filled walk out basement, also offers the opportunity for multi-generational living.
Step outside to the well-manicured backyard, where you'll find a tranquil oasis perfect for enjoying the Carolina sunshine or hosting gatherings with loved ones. The screened porch offers a bug-free space to enjoy the outdoors, adding to the home's allure.
This home is not only impeccably kept but also environmentally conscious, featuring solar panels and a Tesla Powerwall that significantly reduces the home's carbon footprint and energy costs, as well as providing backup power during outages. Embrace sustainable living without compromise.
Located within the highly sought-after Chapel Hill Carrboro City Schools district, this home offers access to top-rated educational opportunities, making it an ideal choice for those prioritizing education.
For outdoor enthusiasts, the Greene Tract and Carolina North are just minutes from your front door, providing hiking and mountain biking opportunities.
This home truly encapsulates the best of Chapel Hill living, with its seamless blend of modern comforts, sustainability, and timeless elegance. Don't miss the opportunity to make this your new home sweet home.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Aug 22, 2024 | Price Decreased |
$1,000,000
↓ $200K
(16.7%) | |
| Price Decreased | |||
| Aug 15, 2024 | Listed by Compass -- Chapel Hill - Durham | $1,200,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
| Oct 6, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017