381 Summerwalk Cir, Chapel Hill, NC, 27517
About This Home
*HUGE PRICE DROP! Rare opportunity to own a spacious 3-bedroom, 2.5-bath condo in highly desirable Finley Forest! This two-story home offers an ideal blend of comfort, convenience to UNC bus system, and investment potential. Enter through your private patio into an inviting living room featuring a cozy wood-burning fireplace flanked by custom built-in bookcases. The adjacent dining area provides plenty of space for entertaining and flows seamlessly into the functional kitchen BRAND NEW STOVE. A main-level laundry room offers added convenience and valuable storage space. Upstairs, you'll find three generously sized bedrooms, including a spacious primary suite with dual mirrored closets and a private en-suite bath featuring a jetted tub/shower combination. Two additional bedrooms and a second full bath complete the upper level. Fresh paint throughout makes this home move-in ready, and the HVAC has been consistently maintained through a home warranty program. New bedroom windows coming! Enjoy the community amenities including a swimming pool, playground, dog run, and scenic walking trails. Ideally located near the UNC Friday Center, Meadowmont, shopping, dining, and major commuter routes, this home offers exceptional convenience. Investor-friendly and ready for immediate occupancy, this property presents an outstanding opportunity for both homeowners and investors alike. Potential rental income available upon request.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1989
Materials
- Foundation: Slab
- Roof: Asphalt, Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: Condo
- Architectural style: Traditional
- Property subType: Condominium,Residential
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Gas Water Heater,Microwave,Refrigerator,Washer/Dryer,Water Heater
- Laundry features: Laundry Room,Lower Level
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Ceiling Fan(s),Kitchen Island,Pantry
- Door features: Sliding Doors
- Flooring: Carpet,Vinyl,Tile
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,373
- Common walls with other units/homes: 2+ Common Walls
Heating & Cooling
- Heating features: Fireplace(s),Heat Pump,None
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 1,373
- Total interior livable area: 1,373 sqft
Property
Details
- Parcel number: 142157
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: Community
- Patio & porch: Covered,Patio
- Has view: Yes
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
- Hail
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Durham 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 | $1,612 | $19,344 |
| Home Insurance * | $93 | $1,116 |
| Property Taxes | $215 | $2,580 |
| Electricity | $200 | $2,405 |
| Total | $2,120 | $25,440 |
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 |
|---|---|---|
| 2026-08-16 | Price change | $300,000 |
| 2026-07-29 | Price change | $318,900 |
| 2026-07-09 | Price change | $324,500 |
| 2026-06-12 | Listed for sale | $325,000 |
| 2021-03-07 | Listing removed | -- |
| 2021-02-17 | Listed for rent | $1,475 |
| 2020-08-06 | Listing removed | $188,900 |
| 2020-07-31 | Listed for sale | $188,900 |
| 2020-05-26 | Pending sale | $188,900 |
| 2020-05-19 | Listed for sale | $188,900 |
| 2018-05-05 | Listing removed | $1,250 |
| 2018-03-08 | Listed for rent | $1,250 |
| 2004-05-28 | Sold | $155,500 |
| 2000-05-01 | Sold | $131,000 |
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