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$565,000

Beds
4
Baths
3.0
sq ft
2,175

307 Colony Woods Dr, Chapel Hill, NC 27517

307 Colony Woods Dr

Chapel Hill, NC 27517

  • <1 day on market
    • Open house Jan 25
Colony Woods is calling! Located in one of Chapel Hill's most beloved neighborhoods, this fully renovated 4-bedroom, 3- full bathroom home blends modern updates with classic charm. Perfect for those seeking a warm, inviting space complete with all the upgrades in a prime location. Step inside to the open-concept living area, where hardwood floors and light-filled spaces shine. The updated kitchen boasts quartz countertops, stainless steel appliances, custom cabinetry and a large sit-in island— the heart of your home. Upstairs you will find a spacious primary suite with updated en-suite bath complete with custom cabinets, quartz countertops and a walk-in shower. Enjoy an additional living space downstairs and cozy up by the fireplace in the den with your favorite book. With the opportunity to create a possible downstairs guest suite, this home provides a versatile floorplan not typically seen from this era. The expansive fenced backyard with a timeless brick lined patio is perfect for entertaining, summer barbecues, or relaxing in tranquility. This home embodies warmth and charm, offering a rare chance to enjoy the best of Chapel Hill living. With space that everyone can enjoy, don't miss your chance to make this exceptional property your own!

Details

Property type

Single Family Residence

Est. home value

$529,572

Property condition

Updated/Remodeled

Lot size

0.31 acres

Price per sq ft

$260

Year built

1971

Annual property taxes

$3,328.2

Price History

01/24/2025
TriangleMLS

TriangleMLS #10072597

Listed
$565,000
+59.15%
03/16/2020
TriangleMLS

TriangleMLS #2292901

Sold
$355,000
+115.15%
08/31/1998
TriangleMLS

TriangleMLS #482989

Sold
$165,000

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

$233,473
Asking price
$565,000
Closing costs (~8% of asking)
-$45,200
Est. remaining loan balance
-$286,327
Cash to seller
$233,473

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2021

Original loan amount

$314,400

Est. remaining balance

$286,327

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Margaret Peterson and Kyke Peterson

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: 01/24/2025 at 5:55 PM

Listing updated: 01/24/2025 at 3:11 PM

Listed by: Dave Wylie, Compass -- Chapel Hill - Durham Phone #: (919) 999-8482

MLS: TriangleMLS #10072597

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