Discover this high-potential 2-bed, 1-bath home offering 1,492?sqft of interior space on a rare 3.01-acre lot along NC-54. Includes hardwood floors, fireplace, masonry foundation, and a durable shake-shingle roof—ideal for upgrades or expansion.
Just under 2?mi from McDougle Elementary & Middle Schools and 3.4?mi from Chapel Hill High. Quick access to I-40, UNC, and the vibrant downtown Chapel Hill area.
Investor-ready: premium lot size and prime location offer excellent upside for redevelopment or rental.
Contact info@ylpropertiesllc.com to learn more or schedule a visit!
Sold for $277,000
$277,000
981 State Highway 54 W, Chapel Hill, NC 27516
2beds
1,492sqft
SingleFamily
Built in 1892
3.01 Acres Lot
$332,000 Zestimate®
$186/sqft
$1,690 Estimated rent
Home value
$332,000
$279,000 - $392,000
$1,690/mo
Zestimate® history
Owner options
List your home for rent
$1,690/mo
Rent Zestimate®
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$1,690/mo
Rent Zestimate®
Refinance and save
$1,665/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,665/mo
Est. payment
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List your homeWhat's special
Masonry foundationHardwood floorsDurable shake-shingle roof
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other
Features
- Flooring: Hardwood
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,492 sqft
Property
Lot
- Size: 3.01 Acres
Details
- Parcel number: 9768184915
Construction
Type & style
- Home type: SingleFamily
Materials
- Frame
- Foundation: Masonry
- Roof: Shake / Shingle
Condition
- Year built: 1892
Community & HOA
Location
- Region: Chapel Hill
Financial & listing details
- Price per square foot: $186/sqft
- Tax assessed value: $374,800
- Annual tax amount: $3,609
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2025 | Sold | $277,000+0.7%$186/sqft |
Source: Public Record Report a problem | ||
| 11/5/2025 | Sold | $275,000+1.9%$184/sqft |
Source: Public Record Report a problem | ||
| 10/10/2025 | Listed for sale | $270,000-1.8%$181/sqft |
Source: Owner Report a problem | ||
| 9/11/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/7/2025 | Listed for sale | $275,000$184/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,609 +24.3% | $374,800 +62.5% |
| 2024 | $2,905 +2.1% | $230,700 |
| 2023 | $2,845 +2.8% | $230,700 |
| 2022 | $2,766 +1.1% | $230,700 |
| 2021 | $2,738 +17.7% | $230,700 +26.1% |
| 2020 | $2,326 | $183,000 |
| 2018 | $2,326 +2.7% | $183,000 |
| 2017 | $2,266 +9.8% | $183,000 +12% |
| 2016 | $2,063 | $163,457 |
| 2015 | $2,063 +1% | $163,457 |
| 2014 | $2,043 | $163,457 |
| 2013 | -- | $163,457 |
| 2012 | -- | $163,457 |
| 2011 | -- | $163,457 |
| 2010 | -- | $163,457 |
| 2009 | -- | $163,457 +98% |
| 2008 | $735 +6.2% | $82,538 |
| 2007 | $692 +6.1% | $82,538 |
| 2006 | $652 -74.5% | $82,538 |
| 2005 | $2,558 +390.7% | $82,538 +24.7% |
| 2004 | $521 +3.2% | $66,203 |
| 2003 | $505 +2.2% | $66,203 |
| 2002 | $494 +1.4% | $66,203 |
| 2001 | $487 +23.3% | $66,203 +25.5% |
| 2000 | $395 | $52,758 |
Find assessor info on the county website
Neighborhood: 27516
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Nearby schools
GreatSchools rating
- 8/10C And L McDougle Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 9/10McDougle Middle SchoolGrades: 6-8Distance: 1.9 mi
- 9/10Chapel Hill High SchoolGrades: 9-12Distance: 3.4 mi
Get a cash offer in 3 minutes
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Estimated market value
$332,000
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
$332,000
- North Carolina
- Orange County
- Chapel Hill
- 27516
- 981 State Highway 54 W
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