16 Davie Cir, Chapel Hill, NC

House

For Sale

Listed price in listed location currency (USD).

$699,900

420

MLS® 10171683

Open House

Sat Jun 6, 11:00 AM - 1:00 PM EDT

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size 1886 sqft

Garage

Taxes $8,398

Days Active 0

Lot Size

Approx. Age 1978

Avg. Price Per Sqft $371

MLS® Number 10171683

Property Address: 16 Davie Cir, Chapel Hill, NC, 27514-5900

Average square foot calculated using Size range provided by listing agent.

Description

Investment Opportunity in One of Chapel Hill's Most Desirable Rental Corridors - Currently rented through July 28, 2026 at $3800 a month. Then July 28 2026-2027 for $3875. Positioned approximately one mile from the University of North Carolina at Chapel Hill, this property offers the combination investors seek most: a high-demand location, functional floor plan, and significant recent capital improvements that reduce near-term ownership costs. Located on Davie Circle, a well-established neighborhood with consistent demand from faculty, graduate students, medical professionals, and long-term residents, this property is strategically positioned to benefit from Chapel Hill's limited housing inventory and enduring rental market fundamentals. The versatile layout includes four bedrooms, creating multiple opportunities for maximizing rental income, accommodating work-from-home tenants, or supporting multi-generational living arrangements. The open design and abundant natural light enhance tenant appeal while supporting strong occupancy potential. Recent improvements provide a compelling deferred-maintenance story. Major updates include a screened porch and storage room addition (2016), roof replacement with skylight (2018), new deck (2019), water heater (2022), and HVAC heat pump system (2023). The kitchen has also been upgraded with quartz countertops, delivering the modern finishes today's tenants expect while minimizing future capital expenditures. Outdoor amenities further strengthen the property's rental profile. The screened porch, deck, and fully fenced private yard offer desirable lifestyle features that can support premium rents, improve tenant retention, and differentiate the asset from competing inventory near campus. For investors seeking immediate income potential, the property is move-in ready with no significant renovation bridge period required. The combination of location, flexible square footage, private outdoor space, and substantial system upgrades creates a well-positioned asset in one of North Carolina's most resilient university-driven housing markets. Strong location. Proven demand. Capital improvements already completed. A turnkey opportunity for investors focused on long-term appreciation, stable occupancy, and reduced maintenance exposure.

MLS® Number10171683

Laundry LevelLower

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1978

BasementDaylight, Finished, Full

DrivewayDriveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Rooms

Change to metres

Bedroom 2:Lower Level14.7 × 13.7 ft

Dining Room:Upper Level10 × 7 ft

Kitchen:Upper Level10.6 × 8.4 ft

Bedroom 4:Upper Level11.6 × 9.8 ft

Family Room:Upper Level18.3 × 16.6 ft

Other:Upper Level8 × 8 ft

Other:Upper Level7 × 7 ft

Other:Lower Level13.6 × 13 ft

Bedroom 3:Upper Level14 × 11 ft

Price History

Last Sold Price

$631,000$631K

Appreciation

Avg. Days Listed

0 days

Today, For Sale for $699,900

For Sale · 0 days

$699,900

MLS® 10171683

4 hours ago

Not Sold Yet

June 2026, For Sale for $699,900

For Sale · 0 days

$699,900

MLS® 10171683

4 hours ago

Not Sold Yet

July 2024, Sold for $631,000

Sold · 0 days

$631,000$629,000

MLS® 10032217

2 years ago

Sold on Jul 3, 2024

Home Estimate Zoopraisal®

This property is estimated to sell between: $699,000 and $858,000.

Similar properties in this area sold on average for: $805,000

Expected to sell in 88 days. Similar properties sold in 88 days. This home has been on Zoocasa for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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