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Off market
    • $402,300

    408 Ray Rd, Chapel Hill, NC 27516

    3beds
    2baths
    1,321sqft
    SingleFamily
    Built in 1983
    1.32 Acres Lot
    $402,300 Zestimate®
    $305/sqft
    $2,118 Estimated rent

    Home value

    $402,300

    $370,000 - $434,000

    $2,118/mo

    Zestimate® history
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    $2,459/mo

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    $2,459/mo

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    What's special

    RENT FREE for MARCH! Are you ready to live in your private and serene cozy cabin surrounded by trees and magnificent views? Welcome to this 3 Bed, 2 full bath home. New carpeting installed and decks re-finished. Microwave, electric range and newer dishwasher. Abundant storage in cellar, attic and walk in closets- A special place to call home. 3 miles to downtown Carrboro. NO water bills - Adjacent to wooded undeveloped OWASA and UNC property. Minimum of 12 month lease. No more than 2 pets allowed.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Heating
    • Heat pump, Electric
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Range / Oven, Refrigerator
    Features
    • Flooring: Other, Carpet, Hardwood
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,321 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Exterior features: Wood
    Lot
    • Size: 1.32 Acres
    Details
    • Parcel number: 9777393331

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Foundation: Masonry
    • Roof: Other
    Condition
    • Year built: 1983

    Community & HOA

    Location
    • Region: Chapel Hill

    Financial & listing details

    • Price per square foot: $305/sqft
    • Tax assessed value: $329,500
    • Annual tax amount: $2,998

    Price history

    DateEventPrice
    4/12/2021Sold$25,000-89.1%$19/sqft
    Source: Agent Provided Report a problem
    3/28/2021Listing removed--
    Source: Coldwell Banker Advantage Report a problem
    3/20/2021Price change$2,000-9.1%$2/sqft
    Source: Coldwell Banker Advantage #2365315 Report a problem
    2/6/2021Listed for rent$2,200$2/sqft
    Source: Coldwell Banker Advantage #2365315 Report a problem
    2/27/2015Sold$230,000-4.2%$174/sqft
    Source: Public Record Report a problem
    12/26/2014Pending sale$240,000$182/sqft
    Source: Coldwell Banker Howard Perry and Walston #1973534 Report a problem
    10/8/2014Listed for sale$240,000$182/sqft
    Source: Coldwell Banker Howard Perry and Walston #1973534 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,998 +5%$329,500 +39.7%
    2024$2,854 +2.2%$235,800
    2023$2,793 +1.6%$235,800
    2022$2,748 +1.1%$235,800
    2021$2,718 -0.3%$235,800 +6.5%
    2020$2,726 $221,500
    2018$2,726 +1.8%$221,500
    2017$2,677 +23.8%$221,500 +27.9%
    2016$2,162 $173,226
    2015$2,162 +0.9%$173,226
    2014$2,142 $173,226
    2013-- $173,226
    2012-- $173,226
    2011-- $173,226
    2010-- $173,226
    2009-- $173,226 +17.6%
    2008$1,838 +5.5%$147,246
    2007$1,743 +5.8%$147,246
    2006$1,647 $147,246
    2005$1,647 +5.4%$147,246 +10.4%
    2004$1,563 +3.1%$133,344
    2003$1,516 +2.7%$133,344
    2002$1,476 +2%$133,344
    2001$1,447 +12%$133,344 +27.8%
    2000$1,293 $104,327
    Find assessor info on the county website

    Neighborhood: 27516

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: CH/Carrboro - Northside
    • Middle: CH/Carrboro - Grey Culbreth
    • High: CH/Carrboro - Carrboro

    Source: The 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
    $402,300
    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
    $402,300

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