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For sale
  • $2,985,000

    401 Laurel Hill Rd, Chapel Hill, NC 27514

    3beds
    2,862sqft
    : 
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    Single Family Residence, Residential
    Built in 1939
    2.42 Acres Lot
    $2,705,200 Zestimate®
    $1,043/sqft
    $-- HOA

    What's special

    Terraced gardensMature landscape foundation
    Prime Development Opportunity: 2.42 Acres in the Heart of Chapel Hill. Secure a once-in-a-generation canvas in one of Chapel Hill's most storied enclaves, Rocky Ridge Farm. Spanning 2.42 pristine acres, this expansive lot offers the rare scale and seclusion required for a landmark custom estate, all within walking distance of the UNC campus. *Unrivaled Acreage: Over 300 linear feet of frontage on Laurel Hill Road, characterized by a majestic canopy of stately oaks, hickories, and established evergreens creates a peaceful setting and habitat for deer, owls, foxes, hawks, and a variety of songbirds. .*A Natural Sanctuary: The property offers a level of privacy seldom found in the campus core, bordering the 67-acre UNC Outdoor Education Center with its extensive trail network of hiking and running trails, mountain bike paths, an 18 hole disc golf course, and tennis and volleyball courts. *University Atmosphere: It's an absolute delight to sit outside and listen to the quarter-hour chimes from the Bell Tower, the sounds of the Marching Tar Heels practicing and the eruption of sound from the football and baseball games. *Development Potential -Build-to-Suit Canvas: Whether you choose to renovate and add on to the historic 1939 Dr. Harold W. Brown house or redevelop the site entirely, the lot size easily accommodates a significant architectural expansion, a modern luxury estate, or a multi-structure compound. *Existing Infrastructure: The grounds currently feature a concrete pool and terraced gardens, providing a mature landscape foundation for new construction. *Historical Prestige: Located in Rocky Ridge Farm, one of the nation's first planned subdivisions designed by Dr. W.C. Coker, this is an opportunity to own a piece of North Carolina history while defining its future. Rarely does a contiguous 2.4-acre parcel become available in this location. Bring your architect and your vision to Chapel Hill's most significant residential opening. Whether you choose to restore the historic 1939 residence or start fresh with a modern architectural masterpiece, this is the ultimate canvas for a legacy home.
    103 days
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    511
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    9
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    Zillow last checked:

    Listing updated:

    Listed by:

    Michele Burris 919-619-1870,

    Local Market Realty, LLC

    Source: Doorify MLS,MLS#: 10154602MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • Central, Forced Air, Natural Gas
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Built-In Electric Oven, Dryer, Gas Cooktop, Ice Maker, Washer
      • Laundry: In Basement
      Features
      • Bidet, Bookcases, Ceiling Fan(s), Eat-in Kitchen, High Speed Internet, Smooth Ceilings, Storage, Walk-In Shower
      • Flooring: Hardwood, Tile
      • Basement: Concrete, Interior Entry, Unfinished, Walk-Out Access
      • Number of fireplaces: 1
      • Fireplace features: Living Room, Wood Burning
      Interior area
      • Total structure area: 2,862
      • Total interior livable area: 2,862 sqft
      • Finished area above ground: 2,862
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Driveway, Paved
      Features
      • Levels: Three Or More
      • Stories: 2
      • Patio & porch: Enclosed, Glass Enclosed, Patio
      • Exterior features: Garden, Rain Gutters
      • Has private pool: Yes
      • Pool features: In Ground, Outdoor Pool, Private
      • Has view: Yes
      • View description: Garden, Pool, Trees/Woods
      Lot
      • Size: 2.42 Acres
      • Dimensions: 300 x 237 x 259 x 187 x 472
      • Features: Back Yard, Front Yard, Garden, Gentle Sloping, Hardwood Trees, Landscaped, Native Plants, Private, Wooded
      Details
      • Parcel number: 9788848122
      • Zoning: R-1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial, Cottage
      • Property subtype: Single Family Residence, Residential
      Materials
      • Brick
      • Foundation: Block, Brick/Mortar, Combination
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1939
      • Major remodel year: 1939

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: Rocky Ridge
      HOA
      • Has HOA: No
      Location
      • Region: Chapel Hill

      Financial & listing details

      • Price per square foot: $1,043/sqft
      • Tax assessed value: $1,571,500
      • Annual tax amount: $20,212
      • Date on market: 3/21/2026

        Estimated market value

        $2,705,200

        $2.57M - $2.84M

        $3,877/mo

        Price history

        DateEventPrice
        3/21/2026Listed for sale$2,985,000$1,043/sqft
        Source: Doorify MLS #10154602 Report a problem
        12/13/2025Listing removed$2,985,000$1,043/sqft
        Source: Doorify MLS #10125901 Report a problem
        10/5/2025Listed for sale$2,985,000+49.3%$1,043/sqft
        Source: Doorify MLS #10125901 Report a problem
        9/13/2022Listing removed--
        Source: Owner Report a problem
        6/15/2022Listed for sale$1,999,999+331%$699/sqft
        Source: Owner Report a problem
        4/27/1998Sold$464,000$162/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$20,592 +70.2%$1,571,500 +121.1%
        2024$12,097 +2.8%$710,800
        2023$11,762 +4.4%$710,800
        2022$11,271 +1.3%$710,800
        2021$11,125 -4.1%$710,800 +2%
        2020$11,603 $697,200
        2018$11,603 +2.3%$697,200
        2017$11,342 -11.3%$697,200 -10.3%
        2016$12,783 $777,370
        2015$12,783 +0.4%$777,370
        2014$12,734 $777,370
        2013-- $777,370
        2012-- $777,370
        2011-- $777,370
        2010-- $777,370 -28%
        2009-- $1,079,252 +74.6%
        2008$10,354 +3.8%$617,983
        2007$9,971 +4.2%$617,983
        2006$9,569 $617,983
        2005$9,569 +8.6%$617,983 +16%
        2004$8,815 +3.6%$532,625
        2003$8,511 +1.5%$532,625
        2002$8,389 +4.2%$532,625
        2001$8,048 -1.2%$532,625 +12.9%
        2000$8,148 $471,788

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Laurel Hill - Rocky Ridge

        Getting around

        18 / 100
        Car-Dependent
        50 / 100
        Good Transit
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Chapel Hill Carrboro - Glenwood Elementary School
        • Middle: Chapel Hill Carrboro - Grey Culbreth Middle School
        • High: Chapel Hill Carrboro - East Chapel Hill High School

        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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