For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Chapel Hill 27516 Highgrove
512 Highgrove Drive
$755,000
● House - Off Market

512 Highgrove Drive

Chapel Hill, NC 27516
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,655 Ft²
$657,535
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

This happy home exudes a timeless charm. Versatile, open layout inc a main level BR + open kitchen, brkfst + family rm heart center. Sun-suffused spaces are fresh, calm, airy amidst hardwoods, substantial moldings, a focal fireplace, maple cabinetry + tile BAs. Windows frame verdant village views. The rest is easy in dreamy BRs. Quiet, easygoing retreats await on the front porch, deck and in the lush-fenced garden. Few min to pocket parks, fields, swim, tennis, schools + Market St movies, munchies + more.
Unit Size
2,655 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$245
Property Type
House
Property Taxes
$675
HOA Dues
$39
Year Built
1999

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #2445497)

Price History

Date / Event Date Event Price
Jun 1, 2022 Sold
Premium
Sold
Apr 28, 2022 Listed by Berkshire Hathaway HomeService $650,000
Listed by Berkshire Hathaway HomeService
Nov 30, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2005
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 6
  • 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: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 529
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 2,596
  • Gross Building Area: 4,653
  • Building Area: 2,596
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,596
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHGROVE
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 1001
  • Legal Description 1: 611 PH 3A HIGHGROVE P84/7

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: 2166/401
  • District: 7
  • Subdivision Phase Number: 3A
  • Parcel: 9777-98-0102
  • Municipality: CHAPEL HILL
  • Latitude: 35.8879
  • Longitude: -79.0707

    Address

  • Full Address: 512 Highgrove Dr
  • Legal Unit: 611
  • Address - House Number: 512
  • Address - Street Name: Highgrove
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Chapel Hill
  • Carrier Code: R025
  • 4-Digit Zip Code: 4002
  • Zip Code: 27516

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $901,150
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: CHSC,ORAG,

    Appraisal Valuation

  • Standard Deviation: 0.2084
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 71
  • Final Value: 781,185
  • High Value: 944,048
  • Low Value: 618,321

    Market Valuation

  • Market Total Value: $543,800
  • Market Land Value: $185,000
  • Market Improvement Value: $358,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $543,800
  • Assessed Land Value: $185,000
  • Assessed Improvements Value: $358,800

    Sales

  • Current Sale Contract Date: May 27, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 30073362
  • Previous Sale Recording Date: Nov 30, 2000
  • Previous Sale Contract Date: Nov 30, 2000
  • Previous Sale Amount: $245,500
  • Previous Sale Document Type: 27
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: Erika Buchholtz, Berkshire Hathaway HomeService
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2445497
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 512 Highgrove Drive built and last sold?
The property at 512 Highgrove Drive was built in 1999 and last sold on May 27, 2022 for $755,000.
How much is this home worth?
The estimated value of the home located at 512 Highgrove Drive is $0.
What are some comparable homes to 512 Highgrove Drive?
There are currently no comparable homes to 512 Highgrove Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Chapel Hill Homes for Sale
Chapel Hill Houses for Sale
Chapel Hill Condos for Sale
Chapel Hill Townhouses for Sale
Chapel Hill Multifamily for Sale
Chapel Hill Land for Sale
Chapel Hill Commercial for Sale
Chapel Hill Homes with Basements
Nearby Cities
Durham Homes for Sale
Carrboro Homes for Sale
Hillsborough Homes for Sale
Fearrington Village Homes for Sale
Nearby Property Records
Orange County, NC Property Records
Durham County, NC Property Records
Chatham County, NC Property Records
Alamance County, NC Property Records
Wake County, NC Property Records
Person County, NC Property Records
Lee County, NC Property Records
Granville County, NC Property Records
Neighborhoods
Govs Club Real Estate
Woodcroft Real Estate
Briar Chapel Real Estate
Amberly Real Estate
Parkwood Real Estate
Fearrington Village Real Estate
Watts Hospital-Hillandale Real Estate
Downing Creek Real Estate
Nearby Counties
Orange Homes for Sale
Top Real Estate Agents
Top Agents in Highgrove
Top Agents in Chapel Hill
Top Agents in Durham
Top Agents in Orange
Top Agents in 27713
Top Agents in 27516
Top Agents in 27707
Top Agents in 27517