$314,000
●
House -
Off Market
537 Lashley Road
Chapel Hill, NC 27516
3 Beds
2 Baths,
1
Half Bath
1,386 Ft²
$1,699
Est. Monthly
7.59%
Cap Rate
About This Property
This adorable home is nestled on nearly an acre of land, offering
the embodiment of country living. Located just minutes away from
the scenic Haw River, Pittsboro, and Chapel Hill, this property
combines the tranquility of rural life with the convenience of
nearby amenities. The house boasts several recent upgrades,
including a new HVAC system installed less than three years ago, a
brand-new roof, and a hot water heater. With low-maintenance vinyl
siding and a detached storage shed, upkeep is made easy. Notably,
despite having a Chapel Hill address, this property falls within
Chatham County, which means you'll benefit from lower county taxes.
Furthermore, the sale includes essential appliances such as a
washer, dryer, and refrigerator, enhancing the convenience of
moving in. With its modern systems and attractive features, this
property holds strong investment potential, making it a wise choice
for those seeking both comfort and long-term value. Roof 0-5 years.
Heat 0-3 years A/C 0-3 years
Unit Size
1,386 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$231
Property Type
House
Property Taxes
$127
HOA Dues
-
Year Built
1997
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Cap Rate Calculator
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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 #10000545)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 19, 2024 | Sold | ||
| Sold | |||
| Dec 2, 2023 | Listed by Coldwell Banker Advantage | $320,000 | |
| Listed by Coldwell Banker Advantage | |||
| Nov 9, 2023 | No longer available | - | |
| No longer available | |||
| Nov 3, 2023 | Listed by Coldwell Banker Advantage | $320,000 | |
| Listed by Coldwell Banker Advantage | |||
| Apr 28, 2022 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Thompson Wood
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Listed by: Barbara B Pater, Coldwell Banker Advantage
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10000545
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10000545
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.
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