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$2,400,000

Beds
4
Baths
4.0
sq ft
4,284

308 N Elliott Rd, Chapel Hill, NC 27514

308 N Elliott Rd

Chapel Hill, NC 27514

  • Pending
Step into this award-winning, 4-bedroom, 4-bathroom architect built home, originally designed by Arthur Cogswell in 1969 and beautifully restored between 2015-2017. Spanning 4,284 square feet, this home has been thoughtfully updated, with new electrical, plumbing, HVAC, roof, windows, insulation offering the charm of its original design with the peace of mind of modern living. The home's interior showcases custom casework by Eidolon Designs and a seamless use of repeated materials, reflecting understated luxury and thoughtful design. Bathed in natural light, the home also features a private 1,897-square-foot private courtyard, complete with ipe wood accents, a large sweet bay magnolia, an in-ground saltwater pool, a custom planter with hidden storage and two inset hoses for easy watering—it's a space that offers a serene retreat that perfectly blends indoor and outdoor living. Many details include handmade 'black' brick by Greenleaf made from 100% recycled content, hidden cove lighting, marine-edge stainless steel countertops, custom tiled walk-in showers, two soaking tubs, linear ribbon gas fireplace, and whole-house wiring for sound and security. Whether you're an art enthusiast attracted to the drywall backed by plywood for easy gallery installation, or someone who values the security of a backup generator, this home has been designed with a variety of needs in mind. Set on a landscaped 0.75-acre lot, the property also features a large custom-built storage outbuilding and a modern treehouse, blending function with creativity. This home is not just a place to live—it's an experience.

Details

Property type

Single Family Residence

Est. home value

$2,262,759

Property condition

Updated/Remodeled

Lot size

0.74 acres

Price per sq ft

$561

Year built

1969

Annual property taxes

$13,391.89

Price History

09/17/2024
TriangleMLS

TriangleMLS #10052552

Pending
$2,400,000
09/13/2024
TriangleMLS

TriangleMLS #10052552

Listed
$2,400,000
+540%
11/13/2014
TriangleMLS

TriangleMLS #1970076

Sold
$375,000

Schools & Community

Elementary school: 

CH/Carrboro - Estes Hills

Middle school: 

CH/Carrboro - Guy Phillips

High school: 

CH/Carrboro - East 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

$643,267
Asking price
$2,400,000
Closing costs (~8% of asking)
-$192,000
Est. remaining loan balance
-$1,564,733
Cash to seller
$643,267

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

November 2022

Original loan amount

$1,599,760

Est. remaining balance

$1,564,733

Interest rate

6.29%

Loan type

New Conventional, 30 year

Seller

Adam Roberts and Ashley Roberts

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: Pending/Under Contract

Tomo last checked: 09/18/2024 at 1:00 AM

Listing updated: 09/17/2024 at 11:20 AM

Listed by: Kirsten Wikstrom Lambert, Compass -- Chapel Hill - Durham Phone #: (919) 999-8482

MLS: TriangleMLS #10052552

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