$400,000
●
House -
Off Market
282 Granite Mill Boulevard
Chapel Hill, NC 27516
3 Beds
2 Baths,
1
Half Bath
1,607 Ft²
$2,377
Est. Monthly
$200
HOA / Fees
5.66%
Cap Rate
About This Property
Location, lifestyle, and charm-welcome to Briar Chapel! Nestled in
one of the Triangle's most sought-after communities, this
beautifully maintained 3-bedroom, 2.5-bath home is just a short
stroll from Great Meadow Park-the heart of Briar Chapel's vibrant
lifestyle. From food trucks to festivals, this neighborhood is
known for its strong sense of community and endless activities!
The home itself offers bright, open living spaces with granite countertops, stainless steel appliances, and a functional kitchen island-perfect for entertaining or everyday living. All bedrooms are upstairs for privacy, and the backyard opens to a large greenspace.
Certified for energy efficiency by Southern Energy Management, this home blends comfort and sustainability, offering lower utility bills and peace of mind.
You'll also enjoy access to Briar Chapel's unmatched amenities: a resort-style pool, clubhouse, fitness center, dog parks, walking trails, tennis courts, and more.
Whether you're strolling to brunch, joining a yoga class, or enjoying an evening concert in the park, life at Briar Chapel isn't just about where you live-it's about how you live. Don't miss the opportunity to be part of it!
The home itself offers bright, open living spaces with granite countertops, stainless steel appliances, and a functional kitchen island-perfect for entertaining or everyday living. All bedrooms are upstairs for privacy, and the backyard opens to a large greenspace.
Certified for energy efficiency by Southern Energy Management, this home blends comfort and sustainability, offering lower utility bills and peace of mind.
You'll also enjoy access to Briar Chapel's unmatched amenities: a resort-style pool, clubhouse, fitness center, dog parks, walking trails, tennis courts, and more.
Whether you're strolling to brunch, joining a yoga class, or enjoying an evening concert in the park, life at Briar Chapel isn't just about where you live-it's about how you live. Don't miss the opportunity to be part of it!
Unit Size
1,607 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$249
Property Type
House
Property Taxes
$212
HOA Dues
$200
Year Built
2017
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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 #10098464)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2025 | Sold | ||
| Sold | |||
| May 26, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Listed by Keller Williams Elite Realty | $400,000 | |
| Listed by Keller Williams Elite Realty | |||
| Apr 30, 2025 | Price Decreased |
$432,000
↓ $7K
(1.6%) | |
| Price Decreased | |||
| Apr 12, 2025 | Listed | $439,000 | |
| Listed | |||
| | |||
|
Imagine strolling to the heart of Briar Chapel's vibrant community from your doorstep! This freshly updated and charming craftsman-style home offers an unbeatable location, a mere 3-minute walk to Great Meadow Park, the neighborhood's hub for events and recreation. Sunlight streams through this move in ready open floor plan, highlighting custom-built storage and creating an inviting ambiance. The stylish kitchen boasts granite countertops, stainless steel appliances, and a convenient island perfect for gatherings. Upstairs, find three comfortable bedrooms. This energy-efficient home, certified by Southern Energy Management for sustainable living and great value, also features practical front and rear entries, a fenced yard that extends to a large activity green space on two sides, ample extra parking, and a detached 2-car garage. Enjoy Briar Chapel's exceptional amenities, including a resort-style pool, clubhouse, tennis/basketball/pickleball courts, and 12+ miles of walking trails - all within easy reach. This is your chance to embrace modern living and community charm in a prime location!
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Briar Chapel
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sharon Hocker, Keller Williams Elite Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10098464
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10098464
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.
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