NEW BUYER INCENTIVE! Sellers offering a 2/1 mortgage interest rate
buydown to help qualified buyers enjoy lower monthly mortgage
payments during their first two years of homeownership! Discover
flexible, multi-generational living in Governors Park, Chapel Hill!
This spacious 3,628-square-foot home offers a versatile floor plan
with a main-level primary suite, guest bedroom, dedicated home
office, two additional upstairs bedrooms and a large bonus
room-providing room to live together and room to enjoy your own
space. A welcoming wraparound porch introduces a light-filled
interior featuring hardwood floors, extensive architectural details
and inviting gathering spaces. The living room features a
fireplace, while the formal dining room with wainscoting and tray
ceiling is perfect for entertaining. The updated kitchen
offers stainless steel appliances, generous cabinetry, center
island, ample workspace and a customized pantry. The adjoining
breakfast area provides a comfortable setting for everyday dining.
The main-level primary suite features a vaulted ceiling and
private bath. A second main-level bedroom and dedicated office
offer flexibility for guests, extended family or working from home.
Upstairs, two additional bedrooms, one with an adjoining bathroom,
and a spacious bonus room provide options for recreation, hobbies,
exercise or additional living space. Enjoy outdoor living on
the distinctive wraparound porch and deck, surrounded by mature
landscaping. A two-car garage adds everyday convenience.
Located in the desirable Governors Park community in Chapel
Hill, residents enjoy convenient access to neighborhood amenities
including a pool, clubhouse, tennis courts, playground, trails and
sidewalks. Main-level living, multi-generational flexibility,
generous gathering spaces and a seller-paid mortgage rate buydown
make this home an exceptional opportunity! Ask about the available
2/1 buydown incentive and how it could reduce your initial monthly
mortgage payments. Financing incentive subject to lender approval,
buyer qualification and negotiated contract terms.
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.
Welcome home to this quintessential SOUTHERN GEM on a corner lot in Governors Park! Sit in your rocking chair on the huge WRAP AROUND FRONT PORCH with a glass of sweet tea, and enjoy the park view or chatting with your neighbors. This home's versatile floor plan includes 2 BEDROOMS ON MAIN, a beautiful formal Living Room, inviting Office/Den, Formal Dining room, and space for casual dining. FLEXIBLE FLOORPLAN; Office on main floor could be a 3rd Bedroom on Main! The 1st level features gorgeous hardwood floors and lots of light. Upstairs are 2 more bedrooms and a large Bonus/Family room (could be a 6th Bedroom). Governors Park offers many community amenities, including a pool, tennis & pickle ball courts, a clubhouse, playground, sidewalks, and more! Close to UNC, RDU, Duke, RTP, Jordan lake, and great medical.
Appliances: Built-In Electric Range, Dishwasher, Dryer, Electric Cooktop, Electric Oven, Gas Water Heater, Refrigerator, Stainless Steel Appliance(s), Washer
Flooring Type: Carpet, Hardwood, Tile
Laundry Features: Laundry Room, Main Level
Rooms: 12
Has Fireplace
Fireplace Features: Gas Log, Living Room
Fireplaces: 1
Exterior Details
Square Footage: 3628
Architectural Style: Traditional, Transitional
Year Built: 2001
Building Area Total: 3628
Levels: One and One Half
Construction Materials: Fiber Cement
Patio and Porch Features: Patio, Porch, Wrap Around
Lot Features: Back Yard, Corner Lot, Garden
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Acres: 0.26
Lot Size Square Feet: 11238
Water Source: Public
Financial Details
Tax Assessed Value: $796,672
Tax Annual Amount: $5,593
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Fireplace(s), Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Clubhouse, Maintenance Grounds, Park, Picnic Area, Playground, Pool, Tennis Court(s), Trail(s)
HOA Fee: $127
HOA Fee Frequency: Monthly
Building Info
Overview
General
Year Built:
2001
Effective Year Built:
2001
Bedroom Count:
4
Bathroom Count:
4
Full Bathrooms:
3
Partial Bathrooms:
4
Bathroom Plumbing Fixtures:
5
Building Condition:
0
Building Quality:
4
Construction Type:
17
Building Style:
15
Exterior Walls Type:
17
Interior Walls Type:
0
Roof Shape Type:
0
Roof Cover Type:
0
Floor Count:
150
Floor Cover:
0
Basement Type:
5
Basement Area:
0
Garage Type:
1
Garage Square Area:
484
Parking Space Count:
0
Patio Type:
0
Porch Type:
0
Pool Type:
0
Dimensions
Lot Size Square Feet:
11,238
Total Building Area:
3,638
Building Area:
3,638
Building Area Measurement:
L
Heating and Cooling
Fireplace Count:
1
Air Conditioning:
13
Heating:
24
Heated Square Feet:
3,638
Heating Fuel Type:
0
Utilities
Sewer System:
0
Water Service:
0
Building
Building Type:
0
Property Class:
R
Subdivision:
GOVERNORS PARK
Land Acres:
0000000258
Standard Land Use Code:
1001
County Land Use Code:
37
Legal Description 1:
O1-23-145 AC 0.25799999 BK 97 PG 349
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