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$1,069,500

Beds
2
Baths
2.0
sq ft
1,091

140 W Franklin St Unit 800, Chapel Hill, NC 27516

140 W Franklin St Unit 800

Chapel Hill, NC 27516

  • 76 days on market
    • Price drop $30,000↓
Enjoy the premier downtown location and amenities of this well-designed and recently renovated condominium on the top floor of 140 West Franklin. The 8th floor condo features a newly completed kitchen renovation by local design firm Sitzer-Spuria, with new custom cabinetry by artisan Elijah Leeds and Miele appliances including a dishwasher, refrigerator, an induction cooktop and oven. There are two bedrooms and two en suite baths, as well as a living room and dining room. The spacious terrace features a custom metal work screen with climbing vines for privacy, teak flooring and an outdoor TV. The covered 220 square foot terrace is accessed from both the living room and the primary bedroom and functions as an ''extra room'' for most of the year. Additional amenities for this unit include one dedicated garage parking space (#19) with an EV charger. A separate dedicated storage unit (#5A-4) for the condo is in the building. 40 West building amenities include an exercise and yoga room, club room and adjoining sky deck with amazing views, and concierge and 24 hour security services. Savor being just a few steps away from the UNC Campus with easy access to plays, performances, art exhibits, lectures and more. Downtown Chapel Hill's restaurants and shops are within an easy walk, offering everything from casual breakfasts to award-winning fine dining. Come home to 140 West! (Floating console in living room does not convey and will be removed and repainting done prior to closing. Primary bathroom to be repainted in next few weeks.) Pre-approval or proof of funds required with offers.

Details

Property type

Condominium

Lot size

1.75 acres

Price per sq ft

$981

Year built

2012

Annual property taxes

$10,610

Monthly HOA fee

$520

Price History

01/24/2025
TriangleMLS

TriangleMLS #10066487

Price change
$1,069,500
-2.73%
12/29/2024
TriangleMLS

TriangleMLS #10066487

Listed
$1,099,500
12/17/2024
TriangleMLS

TriangleMLS #10066487

Pending
$1,099,500

Schools & Community

Elementary school: 

CH/Carrboro - Carrboro

Middle school: 

CH/Carrboro - Smith

High school: 

CH/Carrboro - East Chapel Hill

Community features: 

Fitness Center

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

$644,226
Asking price
$1,069,500
Closing costs (~8% of asking)
-$85,560
Est. remaining loan balance
-$339,714
Cash to seller
$644,226

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

July 2016

Original loan amount

$417,000

Est. remaining balance

$339,714

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Katie M Ziglar and Dickinson J Miller

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?

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Status: Active

Tomo last checked: 02/23/2025 at 6:00 AM

Listing updated: 02/18/2025 at 9:51 AM

Listed by: Katherine C Kopp, Compass -- Chapel Hill - Durham Phone #: (919) 999-8482

MLS: TriangleMLS #10066487

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