tomo logo

$687,000

Beds
3
Baths
2.5
sq ft
2,241

308 Sylvan Way, Chapel Hill, NC 27516

308 Sylvan Way

Chapel Hill, NC 27516

  • Pending
Prime Chapel Hill area location close to schools, retail, medical and restaurants. Chapel Hill schools - no city taxes. Lovely 2 story home with private fenced backyard, peaceful pond view and 993 square feet of basement space ready to be finished. Adorned with hardwood floors, natural light and plenty of usable space. Open kitchen/living area with breakfast nook and deck overlooking the view. Primary with trey ceiling, spacious bathroom and large walk-in closets. The walk-out basement provides the opportunity to add bonus living area, have tons of storage or a workshop. Fence was installed in 2022 and is sealed. Well maintained - Water heater 2021, Furnace/HVAC 2018/2021. Gutter Guards and most appliances 2022. And a special treat - garden beds and producing fruit trees - fig, pear, apple and blueberries!

Details

Property type

Single Family Residence

Est. home value

$601,361

Lot size

9,147.6 sq ft

Price per sq ft

$307

Year built

2000

Annual property taxes

$4,353.46

Monthly HOA fee

$25

Price History

03/30/2025
TriangleMLS

TriangleMLS #10085171

Pending
$687,000
03/27/2025
TriangleMLS

TriangleMLS #10085171

Listed
$687,000
+41.07%
06/08/2021
TriangleMLS

TriangleMLS #2382487

Sold
$487,000
+23.29%

Schools & Community

Elementary school: 

CH/Carrboro - Morris Grove

Middle school: 

CH/Carrboro - Smith

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

$197,974
Asking price
$687,000
Closing costs (~8% of asking)
-$54,960
Est. remaining loan balance
-$434,066
Cash to seller
$197,974

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

Seller’s Loan History

Lender

Resource Financial Services Inc

Loan start date

June 2021

Original loan amount

$472,390

Est. remaining balance

$434,066

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

James P Kemp Jr and Hui Chia Yu Kemp

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: 03/30/2025 at 7:45 PM

Listing updated: 03/30/2025 at 4:06 PM

Listed by: Mary Kathleen Shell, Ride Realty, LLC Phone #: (828) 781-0033

MLS: TriangleMLS #10085171

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