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140 W Franklin St #415, Chapel Hill, NC, 27516

1beds
1baths
683sqft
$469,900
$688price/sqft
$3,081/moest. monthly cost
$123,240/yrincome needed

About This Home

LOCATION! LOCATION! LOCATION! Welcome Home to the iconic Tar Heel's downtown Franklin Street Chapel Hill lifestyle!! Nestled in the vibrant heart of Chapel Hill, this beautifully appointed 1-bedroom, 1-bath luxury condominium at 140 W. Franklin Street #415 was thoughtfully designed with both comfort and sophistication in mind--offering the perfect blend of modern elegance and walkable convenience. Step inside to soaring ceilings, floor-to-ceiling windows, and abundant natural light that highlight the open-concept living space. The well-designed layout creates an inviting atmosphere ideal for both relaxing and entertaining. Enjoy your private covered balcony view of Top of the Hill overlooking the energy of downtown, or step outside and find yourself just moments from UNC's campus, Chapel Hill's finest dining, boutique shopping, and cultural hotspots. Given the allure of Franklin Street, this intimate residence is an ideal haven for students, alumni, professors, investors, gamedays or anyone just seeking an exceptional downtown lifestyle. Residents of 140 West Franklin enjoy an array of premium amenities, including daily concierge service, overnight security, a state-of-the-art fitness center, and exclusive access to the rooftop club room featuring sun decks, panoramic views, grilling areas, a community garden, and regular activities like mahjong, poker, happy hours and book club gatherings. Unit #415 is an exceptional opportunity to benefit from the lowest HOA dues in the community. Additional conveniences include a private storage unit on the same floor and a dedicated secure parking space with elevator access. Come celebrate every day and experience the ultimate live-work-play lifestyle in one of Chapel Hill's most coveted addresses--just steps from everything that makes Franklin Street legendary!!

Getting Around

85
WalkingVery Walkable
60
TransitGood Transit
86
BikeVery Bikeable

Schools

5/10
9/10

Construction

Condition

  • Year built: 2013

Materials

  • Foundation: Concrete,Combination,Other
  • Roof: Flat, Other
  • Construction materials: Brick Veneer,Concrete,Stone,Other

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Condominium,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Gas Range,Microwave,Stainless Steel Appliance(s),Washer/Dryer Stacked
  • Laundry features: In Hall,Laundry Closet

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Elevator,Entrance Foyer,Granite Counters,High Ceilings,High Speed Internet,Open Floorplan,Recessed Lighting
  • Window features: Insulated Windows
  • Flooring: Hardwood,Tile
  • Finished area below ground: 0
  • Finished area above ground: 683
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Central,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 683
  • Total interior livable area: 683 sqft

Property

Accessibility

  • Accessibility features: Central Living Area,Common Area

Details

  • Parcel number: 9788278230.085
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Porch
  • Exterior features: Balcony,Lighting,Private Entrance
  • Has view: Yes
  • View description: Downtown,Panoramic,Skyline

Parking

  • Total spaces: 1
  • Parking features: Additional Parking,Assigned,Community Structure,On Site
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Lightning
Winter Weather
Heat Wave
Strong Wind
Tornado

FEMA Declared Disasters in Orange County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,376$28,512
Home Insurance *$130$1,560
Property Taxes $375$4,500
Electricity $200$2,405
Total$3,081$36,972
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$105,634/yr
40% on housing$92,430/yr
45% on housing$82,160/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$688This listing

vs Other Active Listings

Avg $/sqft

ZIP 27516$292
Orange County$273

vs Homes Sold Last Month

Median $/sqft

ZIP 27516$266
Orange County$264

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-07Price change$469,900
2026-05-01Price change$479,900
2026-04-11Price change$489,900
2026-03-31Price change$495,000
2026-03-12Listed for sale$499,000
2024-04-02Sold$420,000
2024-02-28Pending sale$429,900
2024-02-25Price change$429,900
2024-02-14Listed for sale$469,000
2024-02-06Pending sale$469,000
2024-02-02Price change$469,000
2024-01-13Listed for sale$478,000
2024-01-11Listing removed--
2023-11-17Price change$478,000
2023-09-28Listed for sale$489,000

For Sale by Agent

AgentChad Lloyd
BrokerageLong & Foster Real Estate INC

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