$549,900
↓ $10K (1.8%)
●
House -
For Sale
2872 Farrington Point Road
Chapel Hill, NC 27517
3 Beds
3 Baths
1,940 Ft²
$2,935
Est. Monthly
About This Property
Enjoy the best of country living with this move-in-ready 2001 well
maintained home situated on over 3 acres! This home features 3
bedrooms, 3 full baths, a dedicated laundry room, and a spacious
primary suite complete with a huge walk-in closet. Recent
improvements include new gutter guards for added convenience and
peace of mind. Offering plenty of room to spread out, the property
also includes an impressive 1,500-square-foot garage, perfect for
vehicles, a workshop, hobbies, or extra storage, along with a
separate storage building for added convenience. Located just 5
minutes from Jordan Lake and only 10-15 minutes from shopping,
dining, and modern conveniences, this property offers the perfect
blend of peaceful country living and everyday accessibility.
Whether you're looking for room to work, play, store your toys, or
simply enjoy the outdoors, this property offers space, flexibility,
and endless possibilities!
Unit Size
1,940 Ft²
Days on Market
26 days
Land Size
3.27 acres
Price per sqft
$283
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
2001
Listed By
Stephen Satterfield
Coldwell Banker Advantage
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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: 8 days ago (TMLS #10198112)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2026 | Price Decreased |
$549,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Oct 12, 2026 | Listed by Coldwell Banker Advantage HP | $560,000 | |
| Listed by Coldwell Banker Advantage HP | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Circular Driveway, Detached, Garage
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Soaking Tub, Walk-In Shower
Appliances: Free-Standing Refrigerator
Flooring Type: Carpet, Laminate
Door Features: Sliding Doors, Storm Door(s)
Laundry Features: Laundry Room
Rooms: 1
Exterior Details
Square Footage: 1940
Property Condition: Updated/Remodeled
Architectural Style: Traditional
Year Built: 2001
Building Area Total: 1940
Levels: One
Other Structures: Garage(s), Storage
Window Features: ENERGY STAR Qualified Windows
Construction Materials: Brick, Vinyl Siding
Patio and Porch Features: Front Porch, Patio
Lot Features: Back Yard, Front Yard, Secluded
Lot Size Area: 3.27
Lot Size Units: Acres
Lot Size Acres: 3.27
Lot Size Square Feet: 142615
Water Source: Public
Financial Details
Tax Assessed Value: $393,746
Tax Annual Amount: $2,815
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Heat Pump
Sewer : Septic Tank
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
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HOA + Taxes
About Chatham
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Listed by: Stephen Christopher Satterfield, Coldwell Banker Advantage HP
Last Updated: 8 days ago
Data Source: TMLS, MLS# 10198112
Last Updated: 8 days ago
Data Source: TMLS, MLS# 10198112
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