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223 Hillcrest Cir, Chapel Hill, NC, 27514

4beds
5baths
3,534sqft
$3,450,000
$976price/sqft
$22,518/moest. monthly cost
$900,720/yrincome needed

About This Home

Tucked quietly just off Franklin Street, 223 Hillcrest Circle offers a rare opportunity to own one of Chapel Hill's most enchanting and private settings--1.37 acres that feel more like a curated botanical garden than a residential homesite. Tulip trees, dogwoods, magnolias, crepe myrtles, and azaleas create a layered landscape of color and texture, while a charming rose garden adds to the storybook feel. With the neighborhood backing to university-owned land within Battle Forest, the property enjoys a sense of permanence and natural beauty that is nearly impossible to replicate. The home itself is a classic, mostly brick two-story with timeless appeal, offering 4 bedrooms, 3 full baths, and 1 half bath across approximately 3,500 square feet. Inside, the spaces are warm and inviting, anchored by three fireplaces that bring character and comfort to the living room, family room, and primary suite. A sunroom with ceilings crafted from reclaimed wood from an eastern North Carolina tobacco barn provides a soulful connection to the home's surroundings--an ideal place to begin the day with coffee or unwind in the afternoon light. The breakfast room is wrapped in floor-to-ceiling windows, allowing natural light to pour in while framing views of the grounds, and features a wet bar for easy entertaining. A rear deck extends the living space outdoors, offering a peaceful vantage point to enjoy the serene, park-like setting. Adding to the property's uniqueness is a detached 820-square-foot building, currently used as a light-filled art studio complete with a full bath. Whether envisioned as a creative retreat, guest space, office or future pool house, it offers incredible flexibility. Just a short walk to the University of North Carolina campus and moments from the energy of Franklin Street, this location is as special as the property itself. With its unreplicated setting and timeless structure, 223 Hillcrest Circle presents a rare canvas--move in and enjoy as is, or bring your architect to reimagine and expand into a truly extraordinary estate.

Getting Around

21
WalkingCar-Dependent
35
TransitSome Transit
31
BikeSomewhat Bikeable

Schools

3/10
5/10
9/10

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Other
  • Roof: Asphalt, Shingle
  • Construction materials: Brick,HardiPlank Type,Masonite,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Cooktop,Microwave,Stainless Steel Appliance(s),Oven,Water Heater
  • Laundry features: In Basement,Laundry Closet

Basement

  • Has basement: Yes
  • Basement: Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Bathtub/Shower Combination,Bookcases,Built-in Features,Crown Molding,Double Vanity,Granite Counters,Pantry,Recessed Lighting,Smooth Ceilings,Wet Bar
  • Flooring: Carpet,Hardwood,Tile
  • Number of fireplaces: 3
  • Fireplace features: Family Room,Gas Log,Living Room,Master Bedroom,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 440
  • Finished area above ground: 3,094

Heating & Cooling

  • Heating features: Gas Pack,Other
  • Cooling features: Gas,Other

Interior Area

  • Total structure area: 3,534
  • Total interior livable area: 3,534 sqft

Property

Details

  • Parcel number: 9789909028
  • Zoning: R-1
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 2
  • Patio & porch: Deck,Patio
  • Exterior features: Outdoor Grill
  • Has view: Yes

Lot

  • Lot size: 1.37 Acres
  • Features: Back Yard,Front Yard

Parking

  • Parking features: Driveway

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

  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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 $17,445$209,340
Home Insurance *$973$11,676
Property Taxes $3,771$45,252
Electricity $329$3,949
Total$22,518$270,216
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$772,045/yr
40% on housing$675,540/yr
45% on housing$600,480/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

$976This listing

vs Other Active Listings

Avg $/sqft

ZIP 27514$274
Orange County$270

vs Homes Sold Last Month

Median $/sqft

ZIP 27514$311
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
2026-04-08Listed for sale$3,700,000
1994-03-18Sold$322,500

For Sale by Agent

AgentMollie Owen
BrokerageHodge & Kittrell Sotheby's Int

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