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Off market
  • $786,800

    506 Bayberry Dr, Chapel Hill, NC 27517

    4beds
    2,815sqft
    Single Family Residence
    Built in 1974
    0.76 Acres Lot
    $786,800 Zestimate®
    $280/sqft
    $4,250 Estimated rent

    Home value

    $786,800

    $747,000 - $826,000

    $4,250/mo

    Zestimate® history
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    What's special

    Gas fireplaceThoughtfully updated homeElevated lotDedicated officeHardieplank sidingTwo ensuite bedroomsFlexible living

    ****Property available for sale or rent. Rare Chapel Hill home near UNC offering flexible living, expansive outdoor space, and no HOA--ideally located in the Chapel Hill school district with the advantage of lower county taxes. Set on an elevated lot just minutes from the NC Botanical Garden and UNC campus and hospital, this thoughtfully updated home offers a unique blend of functionality, privacy, and character that stands apart from typical neighborhood properties. The reworked main level centers around a bright, open kitchen and living space, flowing seamlessly to two front decks with built-in seating--ideal for everyday living or entertaining. The kitchen features an induction cooktop, steam oven, warmer drawer, and a refrigerator that produces sparkling water. A large island which anchors the kitchen and opens to the dining area, includes a built-in beverage refrigerator. A gas line is available under the house for future use. The home's flexible layout provides multiple options for work-from-home, guest space, or multi-generational living, including a well-loved lower level that buyers consistently gravitate toward. The spacious family room comfortably accommodates 2 separate seating areas, one centered around a gas fireplace. The home offers 4 bedrooms and three and a half baths, along with a dedicated office and flexible additional room currently used as a home gym. A unique feature of the layout is the presence of two ensuite bedrooms, offering the flexibility of a primary suite on either the main floor or the second floor. The main floor bedroom is adjacent to the flex space and could serve as a nursery, office, gym, or additional living space. Upstairs you will find three additional bedrooms and a versatile bonus room currently used as a home office. One of the upstairs bedrooms also includes a Murphy bed, adding further flexibility to the space. Outdoors, the property truly shines.The expansive yard, set on a natural knoll, offers multiple usable zones for play, relaxation, or gardening along with a fully built treehouse tha can serve as a creative retreat, office, or play space. With no HOA and a rare sense of privacy, this is a property that invites you to live both inside and out. A storage building also conveys with the property. Extensive upgrades provide long-term peace of mind, including a 2019 metal shingle roof, HardiePlank siding , sealed attic and crawlspace, tankless water heaters, updated windows, and interior improvements throughout--delivering durability and low maintenance for years to come. The home also offers flexibility for future customization. Buyers seeking a dedicated laundry room or expanded primary suite will find multiple layout option to tailor the space to their needs over time. A rare opportunity to own a distinctive Chapel Hill home that balances location, lifestyle, and long-term potential.

    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.

    Zillow last checked:

    Source: Coldwell Banker Advantage,MLS#: 10152244MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Features
    • Basement: Yes
    Interior area
    • Total structure area: 2,815
    • Total interior livable area: 2,815 sqft

    Property

    Lot
    • Size: 0.76 Acres
    Details
    • Parcel number: 9787771886

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1974

    Community & HOA

    Location
    • Region: Chapel Hill

    Financial & listing details

    • Price per square foot: $280/sqft
    • Tax assessed value: $647,200
    • Annual tax amount: $5,971
    • Date on market: 8/4/2026
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    7/27/2026Listing removed$3,000$1/sqft
    Source: Zillow Rentals Report a problem
    7/20/2026Price change$3,000-14.3%$1/sqft
    Source: Zillow Rentals Report a problem
    5/27/2026Price change$3,500-7.9%$1/sqft
    Source: Zillow Rentals Report a problem
    5/18/2026Listed for rent$3,800+8.7%$1/sqft
    Source: Zillow Rentals Report a problem
    4/28/2026Price change$809,000-3.1%$287/sqft
    Source: Doorify MLS #10152244 Report a problem
    4/1/2026Price change$835,000-1.7%$297/sqft
    Source: Doorify MLS #10152244 Report a problem
    3/12/2026Listed for sale$849,500+233.1%$302/sqft
    Source: Doorify MLS #10152244 Report a problem
    5/31/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    5/18/2021Price change$3,495-5.5%$1/sqft
    Source: Zillow Rental Manager Report a problem
    5/3/2021Listed for rent$3,700+23.5%$1/sqft
    Source: Zillow Rental Manager Report a problem
    2/27/2019Listing removed$2,995$1/sqft
    Source: Acorn + Oak Property Management Report a problem
    1/8/2019Price change$2,995-0.2%$1/sqft
    Source: Acorn + Oak Property Management Report a problem
    11/30/2018Listed for rent$3,000$1/sqft
    Source: Acorn + Oak Property Management Report a problem
    10/31/2011Sold$255,000-15%$91/sqft
    Source: Public Record Report a problem
    2/12/2011Price change$300,000-14.3%$107/sqft
    Source: Prudential Real Estate #1693126 Report a problem
    4/3/2010Price change$350,000-11.4%$124/sqft
    Source: Prudential Real Estate #1693126 Report a problem
    11/4/2009Listed for sale$395,000$140/sqft
    Source: Prudential Real Estate #1693126 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,971 +25.4%$647,200 +68%
    2024$4,760 +2.2%$385,300
    2023$4,658 +2.2%$385,300 +0.6%
    2022$4,556 +1.1%$382,900
    2021$4,509 +1.3%$382,900 +8.3%
    2020$4,452 $353,600
    2018$4,452 +1.6%$353,600
    2017$4,380 -4.6%$353,600 -2.5%
    2016$4,589 $362,500
    2015$4,589 +0.4%$362,500
    2014$4,569 $362,500
    2013-- $362,500
    2012-- $362,500 -4.9%
    2011-- $381,079
    2010-- $381,079
    2009-- $381,079 +19.6%
    2008$3,978 +5.5%$318,636
    2007$3,771 +5.8%$318,636
    2006$3,564 $318,636
    2005$3,564 +16.7%$318,636 +22.3%
    2004$3,054 +3.1%$260,599
    2003$2,963 +2.7%$260,599
    2002$2,885 +2%$260,599
    2001$2,829 +15.2%$260,599 +24.6%
    2000$2,455 $209,146
    Find assessor info on the county website

    Neighborhood: Farrington Hills

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $786,800
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    Estimated market value
    $786,800