tomo logo

$1,090,000

Beds
3
Baths
3.0
sq ft
2,583

1601 Dairyland Road, Chapel Hill, NC 27516

1601 Dairyland Road

Chapel Hill, NC 27516

  • 74 days on market
    • Price drop $60,000↓
Welcome to your secluded retreat at 1601 Dairyland Road in Chapel Hill! This move-in ready private property sits on a sprawling 9-acre lot with private creek views. Step inside this 3-bedroom, 4-bathroom home boasting 2583 sq ft of living space. Soil suitable for a 6 bedroom expansion (see feasibility report) The airy interior features hardwood and carpet floors in bedrooms, along with tile floors in the bathrooms, plantation shutters in front windows, custom blinds in bedrooms, crown molding, fireplace in living room. Enjoy the views of the private outdoors on the 50-foot screened and enclosed back porch deck with skylights bringing natural lights into the area, all connected through the living room with French doors access, there is a beautiful relaxing waterfront setting next to the Morgan Creek. Property also includes a laundry room with sink, a 2-car garage attached, private gravel driveway, and ample additional parking space concrete next to garage. Backyard has a large irrigated organic area for your own growing. This home offers a very nice blend of tranquility and convenience. The property is also apart of the coveted Chapel Hill/Carrboro School District. Don't miss out on this rare opportunity!

Details

Property type

Single Family Residence

Est. home value

$1,116,123

Property condition

Updated/Remodeled

Lot size

9.0 acres

Price per sq ft

$422

Year built

2005

Annual property taxes

$5,015.3

Price History

06/21/2024
TriangleMLS

TriangleMLS #10027283

Price change
$1,090,000
-5.22%
05/03/2024
TriangleMLS

TriangleMLS #10027283

Listed
$1,150,000
+4.55%
03/27/2024
TriangleMLS

TriangleMLS #10001515

Removed
$1,100,000

Schools & Community

Elementary school: 

CH/Carrboro - Morris Grove

Middle school: 

CH/Carrboro - McDougle

High school: 

CH/Carrboro - Chapel Hill

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

$162,750
Asking price
$1,090,000
Closing costs (~8% of asking)
-$87,200
Est. remaining loan balance
-$840,050
Cash to seller
$162,750

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

Seller’s Loan History

Lender

Pnc Bank Na

Loan start date

March 2022

Original loan amount

$880,000

Est. remaining balance

$840,050

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Kalyan Reddy and Diana M Reddy

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: 07/17/2024 at 3:05 AM

Listing updated: 07/08/2024 at 12:04 PM

Listed by: Martin Verdi, Compass -- Raleigh Phone #: (919) 726-6548

MLS: TriangleMLS #10027283

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