Overview of Chapel Hill, NC for Sight Seekers and Local Real Estate
Southern Part of Heaven
Often known as the ‘Southern Part of Heaven,’ the town of Chapel Hill is named after the New Hope Chapel that once stood upon the hill at the crossing of two roads. Though the Church no longer exists anymore, the fabled Carolina Inn stands as a reminder in the same location.
Life in Chapel Hill
Chapel Hill is situated in the center of North Carolina and is home to a community where the diversity of people, ideas, and opportunities converge.
It is sometimes referred to as the ‘foodie’s paradise’. You can find a wide selection of restaurants, movie theatres, book stores, music festivals, and art shows that cover the town extensively.
Chapel Hill: The College Town
Chapel Hill is home to the renowned ‘University of the Northern Carolina’ that was founded as an affordable alternative to the Ivy League Universities.
Many of the town’s business and attractions revolve around the University which is why it has earned the title of being a ‘college town’.
Students from all over the country and from abroad come to be a part of the institution. It not only adds to the diversity of Chapel Hill but is also a center of research and innovation.
Top Spots for Vacationing
Apart from the famous university, there are numerous unique spots in the city that are worth visiting. If you have a passion for the arts, the Ackland Art Museum features an amazing collection of paintings.
On the other hand, if you’re looking to enjoy a bit of history you could check out the Carolina Basketball Museum or the Chapel Hill Museum. The Kidzu Children’s Museum is also a fun stop for anyone with kids looking for a cool weekend trip.
Real Estate Industry in Chapel Hill
Chapel Hill housing has been one of the hottest markets in North Carolina for the past few years and it looks like the trend will continue. Home prices are gradually rising which signals both potential for investors and a call to buyers to hurry up.
One point in favor of Chapel Hill’s real estate investment is the presence of a relatively young population. The town’s market is aided by the fact that a large number of graduates from all over choose to stay in the area to work after graduation.
To meet the demands of the growing population of millennials, the real estate market is undergoing development to make more houses and apartments available. This is why the Chapel Hill area is expected to have a favorable future for real estate.
If you are looking to buy the real estate, Chapel Hill in North Carolina is an ideal location.
But if you’ve already become a property owner and are now on the lookout for buyers, wait no more. Painless Home Buying, a We Buy Houses in North Carolina Service, will buy the house from you right away and ensure you get the deal you want in a hassle-free way!
Overview of Real Estate in Chapel Hill, NC
We thought it would be interesting provide an insight into the Chapel Hill, NC real estate by showing you some of our notes when reviewed some houses in the area.
Address: xxx Stone Brk, Chapel Hill, NC 27517
List Price: $590,000
Description: 3 bedrooms, 2 baths, 0.8 acre lot, 3,389 sqft
Comments: Old construction however was remodeled in 2003, meant only for a single family. Solid wood flooring. Roof needs minor repairs and basements requires remodeling.
Considerations: Large spacing allows for higher resale value. Value of homes in the neighborhood is predicted to rise steadily during the year. Town shopping center is in close proximity.
Address: xxx Big Meadows Pl, Chapel Hill, NC 27514
List Price: $690,050
Description: 4 bedrooms, 4 baths, 1 acre lot, 4,589 sqft
Comments: Floor plan is open, allowing for bright space, a corner lot, has an attic, freshly painted and recently renovated kitchen and master bath tiling. Fourth bedroom can be considered a bonus room and can be converted into a study room.
Considerations: Bustling neighborhood with multiple schools, shops, and parks. Property values has been rising fast over the past year but will slow down. Resale is expected to earn reasonable profit if sold quickly.
Address: xxx Newton Dr, Durham, NC 27707
List Price: $340,000
Description: 3 bedrooms, 2 baths, 0.4 acre lot, 2000 sqft
Comments: Ranch style construction with all brick finish. Tiled and laminated flooring. No basement or attic. Garden and ground maintenance is regularly required. Off-street parking.
Considerations: Central location, surrounded with wide streets with little traffic congestion. Prices have risen by the city average but recent developments indicate reselling will earn higher returns.
Address: xxx Summerwalk Cir No. xxx, Chapel Hill, NC 27517
List Price: $208,000
Description: 2 bedrooms, 2½ baths, 0.2 acre lot, 1,220 sqft
Comments: Marble-top kitchen and recently renovated bathrooms. Centrally heated floors. Sustainable bamboo flooring. Backyard is not fenced which allows two entrances.
Considerations: Security measures will have to be taken for back entrance. Neighborhood is relatively safe with low crime rate. Home value is uplifted by adjacent remodeled houses.
Address: xxx Nuttree Ln, Chapel Hill, NC 27516
List Price: $590,000
Description: 6 bedrooms, 3 baths, 1.2 acre lot, 3,560 sqft
Comments: A grand master bed along with a guest suite. One main and one small staircase. Covered garage in the front entrance. Large fancy yard to plant and garden, includes a pool.
Considerations: High end community with neighboring houses valued the same. Abundant choice of schools nearby. However, public transport does not facilitate within town travel much.
Address: xxx Clarence Ln, Pittsboro, NC 27312
List Price: $654,000
Description: 3 bedrooms, 2 baths, 1 acre lot, 2,560 sqft
Comments: Stone, wood, and brick exterior. Plentiful windows allowing sunlight and tranquil views. No basement but large yard and three car covered garage. Kitchen cabinets and storage need to be expanded.
Considerations: The property is located in an upcoming part of town with many people moving in. Presents a lucrative flipping opportunity along with high rates of rent. Schools and town centers have also been constructed recently.