tomo logo

$1,600,000

Beds
5
Baths
5.0
sq ft
5,777

500 Meadow Run, Chapel Hill, NC 27517

500 Meadow Run

Chapel Hill, NC 27517

  • 95 days on market
    • Price drop $150,000↓
Looking for a 2-million-dollar house designed by a renowned modernist architect with striking features throughout for an incredible price? Here's your chance! Fall in love with this gorgeous high-quality & meticulously maintained home in lovely Arbor Lea, minutes to UNC, a quick backroad jaunt to Duke & around the corner to shopping/restaurants. Main level living with the 1st floor hosting the primary bedroom wing, a guest suite, office, library, kitchen & social rooms, topped with an amazing screened porch overlooking the sparkling pool. 7 beautiful acres, wraparound porches & thoughtfully chosen plantings outside, enhance the natural materials of wood & stone inside, with strategically placed windows for sun & moonlight, favored by architect J. Knox Tate. Upstairs has 3 bedrooms & a fun ''bunk room''. Unfinished plumbed basement for possible expansion. A few personal updates will make this house your perfect home for celebrations large & small. Come enjoy the love & laughter this home inspires.

Details

Property type

Single Family Residence

Est. home value

$2,115,738

Lot size

7.34 acres

Price per sq ft

$277

Year built

1996

Annual property taxes

$11,653

Monthly HOA fee

$87.5

Price History

10/15/2024
TriangleMLS

TriangleMLS #10044516

Price change
$1,600,000
-8.57%
08/01/2024
TriangleMLS

TriangleMLS #10007795

Removed
$1,750,000
08/01/2024
TriangleMLS

TriangleMLS #10044516

Listed
$1,750,000

Schools & Community

Elementary school: 

Chatham - Chatham Grove

Middle school: 

Chatham - Margaret B Pollard

High school: 

Chatham - Seaforth

Community features: 

Park

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

State Employees Cu

Loan start date

May 2023

Original loan amount

$750,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Credit Line (Revolving), 3 year

Seller

James R Foster and Elaine J Foster

Lender

Cmc Funding Inc

Loan start date

December 2014

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

3.87%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

James R Foster and Elaine J Foster

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: 11/05/2024 at 9:00 AM

Listing updated: 10/24/2024 at 6:00 PM

Listed by: Steve Brauer, Coldwell Banker Advantage Phone #: (919) 967-6363

MLS: TriangleMLS #10044516

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