See Home Value
Hillsborough 27278
306 Papyrus Place
$630,000
● House - Off Market

306 Papyrus Place

Hillsborough, NC 27278
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,180 Ft²
$4,428
Est. Monthly
$623
HOA / Fees

About This Property

Welcome to this exceptional home in the highly sought-after Waterstone community of Hillsborough! Meticulously maintained and thoughtfully designed, this spacious residence offers an open-concept main level that seamlessly connects the kitchen, dining, and family rooms-perfect for everyday living and effortless entertaining. Large windows fill the home with natural light and open to a screened porch and adjoining deck overlooking a private, fenced backyard with peaceful wooded views. The modern kitchen is a chef's delight, featuring a center island with granite countertops, stainless steel appliances, and a classic subway tile backsplash. Just off the foyer, a dedicated home office with French doors provides the ideal space for working remotely or quiet study. Upstairs, you'll find three secondary bedrooms, a convenient laundry room, and a luxurious owner's suite complete with a tray ceiling, dual-sink vanity, garden tub, separate tiled shower, and two walk-in closets. The versatile third floor offers the perfect flex space for a bonus room, media room, playroom, or fifth bedroom. The finished basement expands the living space even further with an additional bedroom, bonus room, full bathroom, and abundant storage. Residents of Waterstone enjoy outstanding community amenities, including a swimming pool, playground, and picnic area, along with convenient access to I-40/I-85, shopping, dining, and all that Hillsborough has to offer. Don't miss the opportunity to own this beautifully appointed home in one of Hillsborough's most desirable neighborhoods!
Unit Size
3,180 Ft²
Days on Market
141 days
Land Size
0.20 acres
Price per sqft
$203
Property Type
House
Property Taxes
$642
HOA Dues
$623
Year Built
2017

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Last updated: 2 months ago (TMLS #10163776)

Price History

Date / Event Date Event Price
Sep 18, 2026 Sold
Sold
Aug 11, 2026 In contract -
In contract
Jul 20, 2026 Price Decreased $644,000
↓ $5K (0.8%)
Price Decreased
Jun 27, 2026 Price Decreased $649,000
↓ $26K (3.9%)
Price Decreased
Jun 3, 2026 Price Decreased $675,000
↓ $5K (0.7%)
Price Decreased
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 250
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 3,147
  • Gross Building Area: 6,326
  • Building Area: 3,147
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 3,147
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATERSTONE
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 1001
  • Legal Description 1: 9 PH 2 WATERSTONE ESTATES P115/118

Neighborhood

  • School District Name: Orange County Schools
  • Census Tract: 010902

Geography

  • Assessors Map Reference: 6296/64
  • District: 4
  • Subdivision Phase Number: 2
  • Parcel: 9873-36-2611
  • Municipality: HILLSBOROUGH
  • Latitude: 36.0487
  • Longitude: -79.0906

    Address

  • Full Address: 306 Papyrus Pl
  • Address - House Number: 306
  • Address - Street Name: Papyrus
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Hillsborough
  • Carrier Code: R007
  • 4-Digit Zip Code: 9878
  • Zip Code: 27278

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $615,652
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: ORAG,HILL

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 74
  • Final Value: 665,481
  • High Value: 792,100
  • Low Value: 538,862

    Market Valuation

  • Market Total Value: $417,600
  • Market Land Value: $65,000
  • Market Improvement Value: $352,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $417,600
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $352,600

    Sales

  • Current Sale Contract Date: May 22, 2023
  • Current Sale Recording Date: Jun 02, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 30089058
  • Previous Sale Recording Date: Feb 12, 2018
  • Previous Sale Contract Date: Feb 12, 2018
  • Previous Sale Amount: $384,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hillsborough


Similar Homes for Sale

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Nearby Rentals

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$2,150 /mo

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  • 1 Bath
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144 E Tryon Street #3, Hillsborough, NC, 27278 Listing by Michael Sullivan
Unit for rent at 2108 Summit Drive, Hillsborough, NC, 27278

$2,650 /mo

  • 4 Beds
  • 2 Baths
2108 Summit Drive, Hillsborough, NC, 27278 Listing by Bennett Robinson
Unit for rent at 2315 Red Oak Court, Hillsborough, NC, 27278

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,469 ft²
2315 Red Oak Court, Hillsborough, NC, 27278 Listing by Johnathan D Howard


Frequently Asked Questions

When was property at 306 Papyrus Place built and last sold?
The property at 306 Papyrus Place was built in 2017 and last sold on May 22, 2023 for $647,000.
How much is this home worth?
The estimated value of the home located at 306 Papyrus Place is $648,104.
What are some comparable homes to 306 Papyrus Place?
There are currently no comparable homes to 306 Papyrus Place.