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$1,160,000

Beds
5
Baths
4.5
sq ft
3,853

116 Galway Dr, Chapel Hill, NC 27517

116 Galway Dr

Chapel Hill, NC 27517

  • 12 days on market
Beautiful home in The Oaks, one of the area's most prestigious neighborhoods. Just a short walk to the CH Country Club with swimming pool, tennis, & golf course, the home sits on a corner lot with landscaping sided by hardwood trees. The primary bedroom has cathedral ceilings & a truly exquisite custom bathroom. It feels like a luxury spa w/ skylights + honed limestone floors, includes 2 quartz top vanities, 2 amazing (his / hers) closets with custom closet systems and 2 glass doored cabinets giving everyone space, privacy & comfort. Kitchen has a Jenn-Aire range, new dishwasher, granite counters and glass doored cabinets. The breakfast area has built in banquette & bay window and the family room is warm and friendly with built-in cabinetry and gas fireplace. The idyllic screened-in porch has vaulted ceilings & skylights and a patio area designed for outdoor entertainment. Both 2nd floor bathrooms have travertine tile and quartz countertops. Lots of space for a private office in the extra bedrooms. The 3rd floor offers a great space as a large family fun room or super project room for workouts, art or hobbies; and a full bathroom. Hardwood floors throughout main level. Newly installed furnace (2025) with warranty. Garage updated (2024) with storage cabinets on two walls, clean epoxy type floor. Updated fiber cement exterior siding (2019), sealed crawl space (2016). Custom back patio w/ pavers. Easy to maintain manicured yard with irrigation system & landscape lighting.

Details

Property type

Single Family Residence

Est. home value

$1,135,377

Lot size

0.62 acres

Price per sq ft

$302

Year built

1994

Annual property taxes

$10,041.6

Monthly HOA fee

$8.33

Price History

03/21/2025
TriangleMLS

TriangleMLS #10083962

Listed
$1,160,000
+10.48%
09/26/2023
TriangleMLS

TriangleMLS #2520203

Sold
$1,050,000
+81.03%
06/29/2001
TriangleMLS

TriangleMLS #586684

Sold
$580,000

Schools & Community

Elementary school: 

Durham - Creekside

Middle school: 

Durham - Githens

High school: 

Durham - Jordan

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$352,349
Asking price
$1,160,000
Closing costs (~8% of asking)
-$92,800
Est. remaining loan balance
-$714,851
Cash to seller
$352,349

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Corporate Investors Mortgage Group Inc

Loan start date

September 2023

Original loan amount

$726,200

Est. remaining balance

$714,851

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Kenneth A Martin and The Kenneth Allen Martin Revocable Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 12:10 PM

Listing updated: 03/31/2025 at 4:06 AM

Listed by: Susan F Worthy, Fathom Realty NC, LLC Phone #: (888) 455-6040

MLS: TriangleMLS #10083962

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