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1021 Reaves Dr, Chapel Hill, NC, 27516

$990,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
3,922 SqFt
$252/SqFt
House

Location

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1021 Reaves Dr, Chapel Hill$990,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCircular Driveway, Garage
Attached Garage3 spaces
Year Built2005
HeatingCentral, Electric, Gas Pack, Heat Pump, Propane
CoolingCentral Air, Gas Pack, Heat Pump, Multi Unit(s), Ceiling Fan(s)
FireplaceFamily Room, Free Standing, Prefabricated, Propane
ViewRural
MLS #10062408
Lot Size1.60 Acres
StatusActive

About 1021 Reaves Dr

Expansive and architecturally interesting, this custom built home is on the market for the first time. The floorplan is flooded with natural light from expansive windows and skylights. The floorplan offers superb flexability with the Primary BR on the main level, two laundry rooms, bonus rooms in opposite wings and a suite of rooms that can easily serve as a teen wing or for multi-generational living. Located off Neville Rd in a small, 7 home subdivision, this home on 1.6 ac is tucked in the trees and feels very private. The lots are unrestricted so you can have a clothesline or raise some chickens. Come see it!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, Transitional
  • Year Built: 2005
  • Living Area: 3,922 SqFt

Listing Office:

  • Office Name: Weaver Street Realty & Auction
  • Office Phone: (919) 929-5658
  • Listing Agent: Terri Turner

Interior Features

Interior Information:

  • Appliances: Electric Oven, Propane Cooktop, Range Hood, Refrigerator, Oven
  • Basement: No
  • Flooring Type: Carpet, Combination, Hardwood, Linoleum
  • Interior: Cathedral Ceiling(s), Ceiling Fan(s), Entrance Foyer, In-Law Floorplan, Kitchen Island, Laminate Counters, Pantry, Primary Downstairs, Room Over Garage, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower
  • Fireplace: Family Room, Free Standing, Prefabricated, Propane

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Rural
  • Exterior: None, Deck, Porch Front, Private Yard, Gutters

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Circular Driveway, Garage

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Level, Secluded
  • Lot Size: 1.60 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Gas Pack, Heat Pump, Propane
  • Cooling: Central Air, Gas Pack, Heat Pump, Multi Unit(s), Ceiling Fan(s)

Other

Directions Information:

  • Directions: Hwy 54 West of Carrboro to left on Neville Road. Reaves Dr is first road on the left just past the White Cross Volunteer FD. Reaves Dr is a private, gravel road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $990,000
  • Price Per SqFt: $252/SqFt

Tax Information:

  • Annual Amount: $7,055
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Chapel Hill, NC.

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Chapel Hill, NC

City

Med. Sold Price

$685.3K

Med. Price/SqFt

$278

Avg. Days On Market

31

# of Sold Homes

68

1021 Reaves Dr vs Chapel Hill

40 DAYS ON ROCKET

+9 Days

$990,000

+$304.6K More

$252/SqFt

-$26 Less

KEY TAKEAWAY

This property is $304.6K more than the Median Sold Price and $26/SqFt less than other homes in Chapel Hill, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Doorify MLS
  • MLS Number: #10062408

Listing Office:

  • Office Name: Weaver Street Realty & Auction
  • Office Phone: (919) 929-5658
  • Listing Agent: Terri Turner

IDX Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:21:09 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 31, 2005Home Sold
$37,500

Tax History

YEARPROP. TAXASSESSMENT
2020$7,055$579,300
2019$7,055$579,300
2018$6,886$579,300

History based on county public records data.

Payment Calculator

$5,009

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,035

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4476765
7
/10

  • McDougle Elementary School

  • 890 Old Fayetteville Rd

  • 2.13 miles

  • Public District Grades KG-5

school-card-donut-4476766
6
/10

  • Carrboro Elementary School

  • 400 Shelton St

  • 3.03 miles

  • Public District Grades KG-5

school-card-donut-4476767
8
/10

  • Seawell Elementary School

  • 9115 Seawell School Rd

  • 3.47 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,835. The majority of Chapel Hill, NC residents have income between $35k-100k annually. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1021 Reaves Dr

What is the listing price of this property?

The listing price of 1021 Reaves Dr property is $990,000.

What type of property is this?

The property 1021 Reaves Dr is a house located in Chapel Hill, North Carolina, 27516.

Is this property for sale now?

Active Listing: 1021 Reaves Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,055 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 31, 2005 for $37,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1021 Reaves Dr has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 1021 Reaves Dr is 3,922 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1021 Reaves Dr is 2005.

Rocket Homes›North Carolina›Orange County›Chapel Hill›27516›1021 Reaves Dr

This home is located at 1021 Reaves Dr in Chapel Hill, NC and zip code 27516. This 3,922 square foot home, which was built in 2005, sits on a 1.60 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $990,000.

In November 2024, from all listings sold in Chapel Hill, NC there were more than 21 sold above asking price, over 35 sold below and more than 12 were sold right at the asked price. The inventory of homes for sale in Chapel Hill, NC between October 2024 and November 2024 decreased by 8.6%. While the average time on the market in November 2024 was 31 days, the median list price was $685,380.

From Rocket Homes Real Estate and based on county public records data.

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