115 Gristmill Ln, Chapel Hill, NC, 27514
About This Home
Tucked into the desirable Summerfield community, this beautifully updated one-story townhome offers the perfect blend of comfort, convenience, and low-maintenance living. Featuring 2 spacious bedrooms and 2 full bathrooms, the thoughtfully designed layout includes an open-concept family and dining area anchored by a cozy wood-burning fireplace--ideal for both relaxing evenings and entertaining guests. Recent upgrades include durable luxury vinyl plank flooring and energy-efficient windows, bringing a fresh, modern feel throughout the home. The HVAC system, approximately 5 years old, adds peace of mind for years to come. Step outside to a private, wooded backyard--your own quiet retreat for morning coffee or unwinding after a long day. With easy, single-level living and minimal upkeep, this home is perfect for a variety of lifestyles. Located just minutes from downtown Chapel Hill, UNC, top-rated medical facilities, shopping, and dining, this move-in ready home offers unbeatable convenience in a serene setting. A rare find you won't want to miss!
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1983
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Fiber Cement
Type & Style
- Home type: Townhouse
- Architectural style: Traditional
- Property subType: Townhouse,Residential
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Vinyl
- Finished area below ground: 0
- Finished area above ground: 1,187
Heating & Cooling
- Heating features: Central,Heat Pump
- Cooling features: Ceiling Fan(s),Central Air,Heat Pump
Interior Area
- Total structure area: 1,187
- Total interior livable area: 1,187 sqft
Property
Details
- Parcel number: 9799283135
- Zoning: R-4
- Special condition: Seller Licensed Real Estate Professional
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Lot size: 1,742 sqft
Parking
- Total spaces: 2
- Parking features: Open
- Has uncovered spaces: Yes
- Uncovered spaces: 2
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
- Inland Flooding
- Winter Weather
- Heat Wave
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,966 | $23,592 |
| Home Insurance * | $109 | $1,308 |
| Property Taxes | $437 | $5,244 |
| Electricity | $200 | $2,405 |
| Total | $2,712 | $32,544 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Price change | $384,000 |
| 2026-04-14 | Price change | $389,000 |
| 2026-04-02 | Listed for sale | $399,900 |
| 2026-02-06 | Sold | $260,000 |
| 2026-01-28 | Pending sale | $300,000 |
| 2025-12-08 | Listed for sale | $300,000 |
| 2003-05-20 | Sold | $132,500 |
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