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500 Umstead Dr APT A304, Chapel Hill, NC, 27516

3beds
2baths
1,210sqft
$179,900
$149price/sqft
$1,301/moest. monthly cost
$52,040/yrincome needed

About This Home

Great location and schools in Chapel Hill, minutes to downtown, UNC, Umstead Park, and highways. Three bedrooms and two full bathrooms, a bright and airy environment with fresh paint, in move-in condition. Excellent for a first-time home buyer or investor.

Getting Around

23
WalkingCar-Dependent
37
TransitSome Transit
60
BikeBikeable

Schools

9/10
Chapel Hill High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1972

Materials

  • Foundation: None
  • Roof: Shingle
  • Construction materials: Brick Veneer

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Electric Water Heater,Oven,Range Hood

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bathtub/Shower Combination,Ceiling Fan(s),Living/Dining Room Combination
  • Flooring: Carpet,Vinyl,Tile
  • Finished area below ground: 0
  • Finished area above ground: 1,210

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total structure area: 1,210
  • Total interior livable area: 1,210 sqft

Property

Details

  • Parcel number: 9789014199.012
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes

Lot

  • Features: Near Public Transit

Parking

  • Total spaces: 2
  • Parking features: Assigned,Parking Lot

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
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Winter Weather

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 $909$10,908
Home Insurance *$49$588
Property Taxes $143$1,716
Electricity $200$2,405
Total$1,301$15,612
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,605/yr
40% on housing$39,030/yr
45% on housing$34,693/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

$149This listing

vs Other Active Listings

Avg $/sqft

ZIP 27516$294
Orange County$274

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
2026-08-07Price change$169,900
2026-06-04Price change$179,900
2026-04-10Listed for sale$189,900
2026-03-17Pending sale$189,900
2026-03-07Listed for sale$189,900
2017-02-27Sold$88,000

For Sale by Agent

AgentEric Young
BrokerageCarolina Realty One Triangle L

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