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Chapel Hill 27516 Highgrove
403 Highgrove Drive
$530,000
● House - Off Market

403 Highgrove Drive

Chapel Hill, NC 27516
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,445 Ft²
$789,465
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Under Contract~Classic Architecture~Gracious Front Porch~Beautifully Situated on Level, Fenced Yard~Open First Level Plan w/Private Study/Library & Hardwood Floors~Kitchen w/Granite, Stainless, Pantry, Lots of Storage~1st Level Laundry Center~Owner Suite on 2nd w/Granite Countertops, Semi-seamless Shower, Jetted Tub, Walk-in Closet~3rd Level Bonus & 4th Bedroom/Flex Space w/COREtec Plus Flooring~Short Stroll to Schools, Opt Swim/Tennis Club, Market Street & Walking Trails~Welcome Home to 403 Highgrove.
Unit Size
2,445 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$212
Property Type
House
Property Taxes
$675
HOA Dues
$34
Year Built
2000

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (TMLS #2184791)

Price History

Date / Event Date Event Price
May 16, 2018 Sold
Premium
Sold
Apr 13, 2018 Listed by Tony Hall & Associates $518,500
Listed by Tony Hall & Associates
Aug 14, 2015 Sold
Premium
Sold
Apr 28, 2015 Listed by Tony Hall & Associates $519,500
Listed by Tony Hall & Associates

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2010
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 250
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 520
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 2,452
  • Gross Building Area: 4,552
  • Building Area: 2,452
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,452
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHGROVE
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 1001
  • Legal Description 1: 630 PH 3A HIGHGROVE P84/8

Neighborhood

  • School District Name: Chapel Hill-Carrboro Schools
  • School Tax School District: CH-CARR SCHOOL
  • Census Tract: 012202

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 6002/1
  • District: 7
  • Subdivision Phase Number: 3A
  • Parcel: 9777-88-7565
  • Municipality: CHAPEL HILL
  • Latitude: 35.8891
  • Longitude: -79.0716

    Address

  • Full Address: 403 Highgrove Dr
  • Address - House Number: 403
  • Address - Street Name: Highgrove
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: R025
  • 4-Digit Zip Code: 4009
  • Zip Code: 27516

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $879,318
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: CHSC,ORAG,

    Appraisal Valuation

  • Standard Deviation: 0.1871
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 75
  • Final Value: 835,806
  • High Value: 992,234
  • Low Value: 679,378

    Market Valuation

  • Market Total Value: $530,200
  • Market Land Value: $185,000
  • Market Improvement Value: $345,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $530,200
  • Assessed Land Value: $185,000
  • Assessed Improvements Value: $345,200

    Sales

  • Current Sale Contract Date: Apr 25, 2018
  • Current Sale Recording Date: May 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20180516000088730
  • Previous Sale Recording Date: Aug 14, 2015
  • Previous Sale Contract Date: Jul 31, 2015
  • Previous Sale Amount: $504,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Highgrove

Stats & Trends

Median Asking:

$975,000

Sale Price/ft²

$346

Below Asking

0.01%

Average Days on Market

39

Average Home Size

2749 ft²

Average Home Age

26.7 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 737 Edwards Street, Chapel Hill, NC, 27516

$2,850 /mo

  • 4 Beds
  • 3 Baths
  • 1,408 ft²
737 Edwards Street #A, Chapel Hill, NC, 27516 Listing by Andrew Bennett
Unit for rent at 400 W Rosemary Street, Chapel Hill, NC, 27516

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
400 W Rosemary Street #107, Chapel Hill, NC, 27516 Listing by Bennett Robinson
Unit for rent at 112 Friar Lane, NC, 27510

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
112 Friar Lane, NC, 27510 Listing by Elad (Dale) Sela

Rentals Near You

Click here to view more rentals in the neighborhood.
TMLS

Listed by: Cindy Gudeman, Tony Hall & Associates
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2184791
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.

Frequently Asked Questions

When was property at 403 Highgrove Drive built and last sold?
The property at 403 Highgrove Drive was built in 2000 and last sold on Apr 25, 2018 for $530,000.
How much is this home worth?
The estimated value of the home located at 403 Highgrove Drive is $0.
What are some comparable homes to 403 Highgrove Drive?
There are currently no comparable homes to 403 Highgrove Drive.
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