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505 Meadowmont Ln, Chapel Hill, NC, 27517

7beds
7baths
6,028sqft
$2,045,000
$339price/sqft
$13,681/moest. monthly cost
$547,240/yrincome needed

About This Home

*** FABULOUS PRICE IMPROVEMENT***Nestled in one of Chapel Hill's most sought-after neighborhoods, this exceptional home offers an unbeatable location just moments from Rashkis Elementary School, the shops and dining of Meadowmont Village, and UNC Wellness Center. Designed with flexibility and comfort in mind, this residence truly has space for everyone--from multi-generational living to today's evolving lifestyle needs. A welcoming, stone-accented wraparound covered front porch sets the tone, leading into beautifully appointed living and dining spaces featuring coffered ceilings and rich wainscoting--perfect for entertaining or a refined home office. A thoughtfully designed butler's pantry with wet bar seamlessly connects to the expansive gourmet kitchen, complete with high-end stainless steel appliances, a large center island with abundant storage, an inviting breakfast nook, and a built-in command center for everyday organization. The family room centers around a stunning stone fireplace and opens effortlessly to a light-filled sunroom, screened porch, and deck with a permanent gas line--ideal for outdoor cooking and entertaining. Beyond, enjoy one of the largest fenced yards in the neighborhood, highlighted by a charming fire pit area. The second level features a luxurious primary suite with a spa-like bathroom and its own private screened porch. There are also three other bedrooms on the this floor- each with direct access to a Jack-n-Jill or en-suite bathroom plus a large laundry room with a sink, counter space and plenty of cabinetry. The recently finished third floor adds incredible versatility with a large bonus space, additional bedroom, and full bath. The lower level is equally impressive, offering a recreation area with wet bar, guest bedroom and full bath, a mudroom, and direct access to the three-car garage. The oversized driveway even provides space for a friendly game of basketball. There are miles of gorgeous woods and trails easily accessible from the backyard, making this one of the best lots in Meadowmont! With lush landscaping now in full bloom, this home is as beautiful outside as it is inside--don't miss your opportunity to experience it!

Getting Around

41
WalkingCar-Dependent
31
TransitSome Transit
45
BikeSomewhat Bikeable

Schools

5/10
9/10

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Fiber Cement,Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Built-In Freezer,Built-In Refrigerator,Convection Oven,Disposal,Dryer,Gas Cooktop,Microwave,Range Hood,Stainless Steel Appliance(s),Tankless Water Heater,Oven,Washer,Wine Refrigerator
  • Laundry features: Laundry Room,Sink,Upper Level

Basement

  • Has basement: Yes
  • Basement: Daylight, Exterior Entry, Finished, Full, Interior Entry, Walk-Out Access, Walk-Up Access

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1

Features

  • Bathtub/Shower Combination,Pantry,Ceiling Fan(s),Chandelier,Coffered Ceiling(s),Crown Molding,Double Vanity,Eat-in Kitchen,Entrance Foyer,Granite Counters,Kitchen Island,Recessed Lighting,Separate Shower,Shower Only,Smart Thermostat,Smooth Ceilings,Soaking Tub,Storage,Walk-In Closet(s),Walk-In Shower,Water Closet,Wet Bar
  • Flooring: Carpet,Hardwood,Tile
  • Number of fireplaces: 2
  • Fireplace features: Family Room,Gas,Gas Log,Master Bedroom,Stone
  • Fireplace: Yes
  • Finished area below ground: 1,000
  • Finished area above ground: 5,028

Heating & Cooling

  • Heating features: Central,Fireplace(s),Forced Air,Heat Pump
  • Cooling features: Ceiling Fan(s),Central Air,Multi Units

Interior Area

  • Total structure area: 6,028
  • Total interior livable area: 6,028 sqft

Property

Details

  • Parcel number: 9798775044
  • Zoning: R-1
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Covered,Deck,Front Porch,Patio,Porch,Screened
  • Exterior features: Fenced Yard,Fire Pit,Garden,Lighting,Private Yard,Rain Gutters
  • Fencing: Back Yard, Wrought Iron
  • Has view: Yes

Lot

  • Lot size: 0.44 Acres
  • Features: Back Yard,Landscaped

Parking

  • Total spaces: 3
  • Parking features: Attached,Inside Entrance
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
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 $10,340$124,080
Home Insurance *$602$7,224
Property Taxes $2,178$26,136
Electricity $561$6,737
Total$13,681$164,172
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$469,062/yr
40% on housing$410,430/yr
45% on housing$364,826/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

$339This listing

vs Other Active Listings

Avg $/sqft

ZIP 27517$263
Orange County$273

vs Homes Sold Last Month

Median $/sqft

ZIP 27517$250
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)

No zestimate history available

Price History

DateEventPrice
2026-04-26Price change$2,045,000
2026-03-25Listed for sale$2,195,000
2017-07-24Sold$950,000
2017-06-19Pending sale$980,000
2016-12-31Listing removed$1,000,000
2016-10-09Price change$1,000,000
2016-06-04Listed for sale$1,079,000
2008-06-26Sold$1,256,000
2005-01-12Sold$255,000

For Sale by Agent

AgentDebbie McCormick, Berkshire Hathaway HomeService, Mark McCormick, Berkshire Hathaway HomeService
BrokerageBerkshire Hathaway HomeService

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