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Chapel Hill 27516 Arlen Park
407 Parkside Circle
$510,000
● House - Off Market

407 Parkside Circle

Chapel Hill, NC 27516
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,556 Ft²
$914,770
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

Gorgeous Charleston-style home~Soft, Neutral Palette~Stunning Heart Pine Flooring~Possible 2 Owner Suites~Double Porches~Private, Landscaped Courtyard~Bright, Well-Placed Windows~Open Living & Dining Rooms~FR with Gas Starter opens to Kitchen with granite, stainless, walk-in pantry, breakfast room~Lovely Deck Overlooks Fenced Yard~Walk to Shops, Schools, Restaurants, Theater & Walking Trails~Close to UNC.
Unit Size
2,556 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$203
Property Type
House
Property Taxes
-
HOA Dues
$28
Year Built
1995

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Cap Rate Calculator

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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 #2049815)

Price History

Date / Event Date Event Price
Feb 23, 2016 Sold
Premium
Sold
Feb 15, 2016 Listed by Tony Hall & Associates $520,000
Listed by Tony Hall & Associates
Jan 25, 2011 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2010
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 8
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Total Building Area: 2,614
  • Gross Building Area: 4,918
  • Building Area: 2,614
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,614
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARLEN PARK
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 1001
  • Legal Description 1: 73 ARLEN PARK AT SOUTHERN VILLAGE P74/33

Neighborhood

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

Zoning

  • Zoning: R5C

Geography

  • Assessors Map Reference: 6080/276
  • District: 7
  • Parcel: 9787-06-3510
  • Municipality: CHAPEL HILL
  • Latitude: 35.8837
  • Longitude: -79.0663

    Address

  • Full Address: 407 Parkside Cir
  • Address - House Number: 407
  • Address - Street Name: Parkside
  • Address - Suffix Type: Cir
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: R025
  • 4-Digit Zip Code: 9179
  • Zip Code: 27516

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $876,784
  • 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: 858,358
  • High Value: 1,019,007
  • Low Value: 697,709

    Market Valuation

  • Market Total Value: $530,800
  • Market Land Value: $205,000
  • Market Improvement Value: $325,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $530,800
  • Assessed Land Value: $205,000
  • Assessed Improvements Value: $325,800

    Sales

  • Current Sale Contract Date: Feb 02, 2016
  • Current Sale Recording Date: Feb 23, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20160223000034990
  • Previous Sale Recording Date: Jan 25, 2011
  • Previous Sale Contract Date: Jan 06, 2011
  • Previous Sale Amount: $490,000
  • Previous Sale Document Type: 71
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 Arlen Park

Stats & Trends

Median Asking:

$787,000

Sale Price/ft²

$306

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2583 ft²

Average Home Age

29.5 years

Currently For Sale

0 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 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
Unit for rent at 109 Weatherhill Point, Carrboro, NC, 27510

$2,700 /mo

  • 4 Beds
  • 2 Baths
109 Weatherhill Point, Carrboro, NC, 27510 Listing by Rudra Seegobin

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# 2049815
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 407 Parkside Circle built and last sold?
The property at 407 Parkside Circle was built in 1995 and last sold on Feb 2, 2016 for $510,000.
How much is this home worth?
The estimated value of the home located at 407 Parkside Circle is $0.
What are some comparable homes to 407 Parkside Circle?
There are currently no comparable homes to 407 Parkside Circle.
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