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400 W Rosemary St Unit 401, Chapel Hill, NC, 27516

3beds
2baths
1,312sqft
$549,000
$418price/sqft
$3,754/moest. monthly cost
$150,160/yrincome needed

About This Home

Location! Location! Location! Why go to downtown when you already live in it? Why commute to the university when you're part of it? Welcome to 400 W Rosemary St., where you are truly at the center of everything Chapel Hill has to offer. Newer rood in 2023 and newer HVAC in 2024, give you peace of mind as well. Just steps from Franklin Street, you're surrounded by it all--renowned restaurants, lively breweries, unique shops, and endless entertainment. Craving even more convenience? Multiple free bus lines are right at your doorstep, making it effortless to get anywhere you need to go. This well-appointed home features 2 bedrooms plus a flexible bonus room ideal as a third bedroom or home office, along with 2 full bathrooms and a thoughtfully designed, efficient floor plan. The nicely appointed kitchen is equipped with stainless steel appliances and custom cabinetry, including a built-in china cabinet for added style and functionality. Enjoy the rare convenience of a 1-bay built-in garage, making downtown living even easier. Whether you're seeking a primary residence or a strong investment opportunity, this property checks all the boxes. Take your lifestyle to the next level with the private rooftop terrace featuring a luxury Jacuzzi--perfect for entertaining guests, enjoying your morning coffee, or simply taking in the surrounding views. Well-maintained and freshly painted, this home is truly move-in ready. Offering an exceptional combination of location, comfort, and thoughtful design, this is a rare opportunity you don't want to miss.

Getting Around

89
WalkingVery Walkable
57
TransitGood Transit
95
BikeBiker's Paradise

Schools

3/10
9/10
Chapel Hill High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 2005

Materials

  • Foundation: Permanent
  • Roof: Flat
  • Construction materials: Brick Veneer

Type & Style

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

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Dryer,Electric Cooktop,Electric Range,Free-Standing Refrigerator,Microwave,Range,Range Hood,Stainless Steel Appliance(s),Washer/Dryer,Water Heater
  • Laundry features: In Garage,In Unit,Lower Level

Bedrooms & Bathrooms

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

Features

  • Bathtub/Shower Combination,Breakfast Bar,Double Vanity,Dual Closets,Granite Counters,Living/Dining Room Combination,Natural Woodwork,Walk-In Closet(s)
  • Flooring: Carpet,Wood
  • Finished area below ground: 0
  • Finished area above ground: 1,312

Heating & Cooling

  • Heating features: Central,Fireplace(s)
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 1,312
  • Total interior livable area: 1,312 sqft

Property

Details

  • Parcel number: 9788164814.031
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Exterior features: Lighting,Rain Gutters
  • Has view: Yes
  • View description: City

Lot

  • Features: City Lot

Parking

  • Total spaces: 1
  • Parking features: Garage - Attached
  • 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 $2,776$33,312
Home Insurance *$152$1,824
Property Taxes $626$7,512
Electricity $200$2,405
Total$3,754$45,048
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$128,708/yr
40% on housing$112,620/yr
45% on housing$100,106/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

$418This 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
2026-04-03Listed for sale$588,000
2026-03-11Price change$2,800
2025-11-07Listed for rent$1,250
2021-03-24Listing removed--
2019-09-04Sold$310,000
2018-08-23Sold$295,500
2016-07-19Listing removed$319,500
2016-07-15Listed for sale$319,500
2016-05-14Listing removed$319,900
2016-04-08Price change$319,900
2016-03-23Price change$325,000
2015-12-01Listed for sale$345,000
2006-03-17Sold$355,000

For Sale by Agent

AgentXueni Chang
BrokerageCostello Real Estate & Investm

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