Investor Opportunity in Chapel Hill, NC - Prime Location & Strong Potential ***Sold As Is*** Presenting a rare investment opportunity in one of the Triangle's most sought-after markets—Chapel Hill, North Carolina. This property offers exceptional potential for investors looking to capitalize on the area's robust fix and flip, rental demand, strong appreciation trends, and proximity to major employers, universities, and amenities. Ideally situated in the heart of Chapel Hill, just minutes from the University of North Carolina (UNC), UNC Hospitals, and downtown Chapel Hill. With easy access to I-40 and a short drive to Research Triangle Park (RTP). Whether you're looking to add to your portfolio, renovate for higher returns, or acquire a high-demand rental property in an upscale neighborhood, this Chapel Hill listing is an excellent investment opportunity.
Sold for $250,000
$250,000
223 Knolls St, Chapel Hill, NC 27516
2beds
624sqft
Single Family Residence, Residential
Built in 1942
5,662 Square Feet Lot
$241,300 Zestimate®
$401/sqft
$1,654 Estimated rent
Home value
$241,300
$217,000 - $268,000
$1,654/mo
Zestimate® history
Owner options
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$1,654/mo
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$1,654/mo
Rent Zestimate®
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$1,614/mo
Est. payment
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$1,614/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Yolanda Lennon 919-616-1717,
LPT Realty, LLC
Bought with:
Yolanda Lennon, 312963
LPT Realty, LLC
Source: Doorify MLS,MLS#: 10072340
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Carpet
Interior area
- Total structure area: 624
- Total interior livable area: 624 sqft
- Finished area above ground: 624
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
Features
- Levels: One
- Stories: 1
- Spa features: None
- Has view: Yes
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 9778946579
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Foundation: Raised
- Roof: Shingle
Condition
- New construction: No
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Subdivision: Cole Heights
HOA
- Has HOA: No
Location
- Region: Chapel Hill
Financial & listing details
- Price per square foot: $401/sqft
- Tax assessed value: $244,000
- Annual tax amount: $2,582
- Date on market: 1/23/2025
Price history
| Date | Event | Price |
|---|---|---|
| 2/14/2025 | Sold | $250,000$401/sqft |
Source:  Doorify MLS #10072340 Report a problem | ||
| 1/29/2025 | Pending sale | $250,000$401/sqft |
Source: Doorify MLS #10072340 Report a problem | ||
| 1/23/2025 | Listed for sale | $250,000$401/sqft |
Source: Doorify MLS #10072340 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,397 +31.6% | $244,000 +72.4% |
| 2024 | $2,582 +2.5% | $141,500 |
| 2023 | $2,518 +4% | $141,500 |
| 2022 | $2,421 +1.2% | $141,500 |
| 2021 | $2,392 -10.1% | $141,500 -5.4% |
| 2020 | $2,659 | $149,500 |
| 2018 | $2,659 | $149,500 |
| 2017 | -- | $149,500 +40.5% |
| 2016 | -- | $106,408 |
| 2015 | -- | $106,408 |
| 2014 | -- | $106,408 |
| 2013 | -- | $106,408 |
| 2012 | -- | $106,408 |
| 2011 | -- | $106,408 |
| 2010 | -- | $106,408 |
| 2009 | -- | $106,408 +12.7% |
| 2008 | $1,582 +3.8% | $94,428 |
| 2007 | $1,524 | $94,428 |
| 2006 | -- | $94,428 |
| 2005 | -- | $94,428 +33.1% |
| 2004 | $587 +3.6% | $70,944 |
| 2003 | $567 +1.5% | $70,944 |
| 2002 | $559 -27.4% | $70,944 |
| 2001 | $770 +164.5% | $70,944 +92.5% |
| 2000 | $291 | $36,853 |
Find assessor info on the county website
Neighborhood: Pine Knolls
Nearby homes
- $300,8003 bd1 ba885 sqft225 Knolls St, Chapel Hill, NC 27516Off Market
- $303,1003 bd1 ba1k sqft221 Knolls St, Chapel Hill, NC 27516Off Market
- $325,5002 bd2 ba1k sqft227 Knolls St, Chapel Hill, NC 27516Off Market
- $267,0002 bd1 ba648 sqft219 Knolls St, Chapel Hill, NC 27516Off Market
- $338,6003 bd2 ba1k sqft301 Knolls St, Chapel Hill, NC 27516Off Market
- $286,9003 bd1 ba884 sqft224 Knolls St, Chapel Hill, NC 27516Off Market
- $347,1002 bd2 ba1.3k sqft226 Knolls St #A, Chapel Hill, NC 27516Off Market
- $363,8003 bd2 ba1.1k sqft222 Knolls St, Chapel Hill, NC 27516Off Market
Nearby schools
GreatSchools rating
- 4/10Northside Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 9/10McDougle Middle SchoolGrades: 6-8Distance: 2.3 mi
- 9/10Chapel Hill High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: CH/Carrboro - Northside
- Middle: CH/Carrboro - McDougle
- High: CH/Carrboro - Chapel Hill
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$241,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$241,300
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