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Sold for $875,000
    • $875,000

    408 Cotton St, Chapel Hill, NC 27516

    8beds
    1,988sqft
    Single Family Residence, Multi Family
    Built in 1932
    -- sqft lot
    $933,200 Zestimate®
    $440/sqft
    $1,797 Estimated rent

    Home value

    $933,200

    $877,000 - $999,000

    $1,797/mo

    Zestimate® history
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    $5,227/mo

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    What's special

    Rarely-on-the-market, downtown-Chapel Hill rental property! Excellent lease & income history. Popular, student favorite; lease renews quickly and in advance. GREAT proximity to Campus & Franklin St. Eight bedrooms, with closets and work space, four full baths, good-sized living/dining room, nice, attractive kitchen and HUGE backyard & parking lot! Classic, original Northside bungalow, completely remodeled and expanded in 2010. Additional upgrades made in 2015 & 2016. Covered front porch, side yard & patio for additional charm. Tile floors, natural light, well kept property. Strong, solid investment. Potential for increased rents and returns, if desired. Contact agent for details.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jan Butta 919-434-5975,

    Coldwell Banker - HPW

    Bought with:

    Patrick Shin, 252812

    Long & Foster Real Estate INC

    Source: Doorify MLS,MLS#: 10014497MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Has cooling: Yes
    Interior area
    • Total structure area: 1,988
    • Total interior livable area: 1,988 sqft
    • Finished area above ground: 1,988
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 4
    • Parking features: Open
    • Uncovered spaces: 4
    Features
    • Stories: 1
    • Has view: Yes
    Lot
    • Size: 8,276 Square Feet
    Details
    • Parcel number: 9788176649
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Single Family Residence, Multi Family
    Condition
    • New construction: No
    • Year built: 1932

    Community & HOA

    Community
    • Subdivision: Not in a Subdivision
    Location
    • Region: Chapel Hill

    Financial & listing details

    • Price per square foot: $440/sqft
    • Tax assessed value: $826,400
    • Annual tax amount: $5,698
    • Date on market: 3/6/2024
    • Lease term: 12 Months

    Price history

    DateEventPrice
    11/18/2025Listing removed$6,300$3/sqft
    Source: Zillow Rentals Report a problem
    11/3/2025Listed for rent$6,300$3/sqft
    Source: Zillow Rentals Report a problem
    10/17/2025Listing removed$6,300$3/sqft
    Source: Zillow Rentals Report a problem
    9/25/2025Listed for rent$6,300+31.3%$3/sqft
    Source: Zillow Rentals Report a problem
    4/23/2024Sold$875,000$440/sqft
    Source: Doorify MLS #10014497 Report a problem
    3/6/2024Pending sale$875,000$440/sqft
    Source: Doorify MLS #10014497 Report a problem
    3/1/2024Listed for sale$875,000+139.7%$440/sqft
    Source: Doorify MLS #10014497 Report a problem
    10/5/2019Listing removed$4,800$2/sqft
    Source: Acorn + Oak Property Management Report a problem
    9/25/2019Listed for rent$4,800$2/sqft
    Source: Acorn + Oak Property Management Report a problem
    1/23/2014Sold$365,000+204.2%$184/sqft
    Source: Public Record Report a problem
    3/16/2006Sold$120,000$60/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,009 +77.1%$826,400 +132.8%
    2024$6,216 +2.7%$355,000
    2023$6,051 +4.2%$355,000
    2022$5,805 -15.3%$355,000
    2021$6,851 +10.2%$355,000 -2.3%
    2020$6,218 $363,500
    2018$6,218 +2.5%$363,500
    2017$6,069 +46.6%$363,500 +51.1%
    2016$4,139 $240,600
    2015$4,139 +2.7%$240,600
    2014$4,030 $240,600
    2013-- $240,600 +42%
    2012-- $169,479
    2011-- $169,479
    2010-- $169,479
    2009-- $169,479 +44.1%
    2008$1,971 $117,622
    2007-- $117,622 +47.5%
    2006$1,239 $79,727
    2005$1,239 +36.4%$79,727 +45.8%
    2004$908 +3.6%$54,687
    2003$877 +1.5%$54,687
    2002$864 +4.2%$54,687
    2001$829 -7%$54,687 +6.3%
    2000$892 $51,427
    Find assessor info on the county website

    Neighborhood: Northside

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    Estimated market value
    $933,200
    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
    $933,200

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