20 days on rocket

3 Penick Ln, Chapel Hill, NC, 27516

$998,500

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths
3,002 SqFt
$333/SqFt
House
Schools Nearby

Location

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3 Penick Ln, Chapel Hill$998,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built1959
HeatingHeat Pump
CoolingCentral Air
BasementYes
MLS #10021986
Lot Size0.60 Acres
StatusActive

About 3 Penick Ln

In the heart of Chapel Hill, walking distance to UNC and Franklin Street, nestled on over a half acre of serene wooded bliss in the prestigious enclave of Westwood, sits one of a kind gem that is more than meets the eye. Inside, you'll find vaulted ceilings and skylights, giving a sense of expansiveness and light, which are a perfect compliment to the gorgeous ever-changing wooded views out of the rear windows and balconies. Another surprise is the beautiful modern kitchen and bathrooms, and 5 bedrooms including the lavish main-level primary retreat, with its vaulted ceiling, balcony, closet with built-in organizing system, and sumptuous spa-like bath with luxurious soaker tub, oversized shower with multiple shower heads, and skylight. The original charm of this 1950's home, with its hardwoods and heart pine, has been expanded and augmented by incorporating eco-friendly materials, like bamboo and cork flooring on the lower level. The versatile living spaces, including a second living area and office or game room on the lower level mean that this home effortlessly accommodates multiple generations or hosts of guests in unparalleled comfort. And outside, the possibilities are endless! Sip lemonade on the deck saying hello to the friendly neighbors, listen to the sound of the creek and birdsong from the balconies, plan your future harvest from the raised garden beds in the fenced yard, or stroll down to Franklin Street. This centrally located retreat offers a rare opportunity to embrace a lifestyle of relaxed luxury and central living convenience. Seize the chance to make this hidden gem your own.

Property Details

Property Features

Property Information:

  • Architectural Style: Transitional
  • Year Built: 1959
  • Living Area: 3,002 SqFt

Listing Office:

  • Office Name: Keller Williams Realty United
  • Office Phone: (919) 951-1951
  • Listing Agent: Inna Shapiro

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Bamboo, Cork, Tile, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Wood Fence, Garden

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.60 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • East Chapel Hill High School, Public District Grades 9-12
  • Smith Middle School, Public District Grades 6-8
  • Fpg Elementary School, Public Magnet Grades PK-5

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $998,500
  • Price Per SqFt: $333/SqFt

Tax Information:

  • Annual Amount: $9,363
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$659.6K

Med. Price/SqFt

$268

Avg. Days On Market

58

# of Sold Homes

91

3 Penick Ln vs Chapel Hill

20 DAYS ON ROCKET

-38 Days

$998,500

+$338.9K More

$333/SqFt

+$65 More

KEY TAKEAWAY

This property is $338.9K more than the Median Sold Price and $65/SqFt more than other homes in Chapel Hill, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10021986

Listing Office:

  • Office Name: Keller Williams Realty United
  • Office Phone: (919) 951-1951
  • Listing Agent: Inna Shapiro

IDX Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. 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: 4/29/2024, 11:20:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 28, 2010Home Sold
$555,000
Oct 17, 2008Home Sold
$370,000

Tax History

YEARPROP. TAXASSESSMENT
2020$9,363$549,600
2019$9,362$549,600
2018$9,142$549,600

History based on county public records data.

Payment Calculator

$5,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,060

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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.

Elementary School

school-card-donut-3401580
7
/10
  • Fpg Elementary School

  • 101 Smith Level Rd

  • 0.64 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-3401581
6
/10
  • Smith Middle School

  • 9201 Seawell School Rd

  • 2.86 miles

  • Public District Grades 6-8

High School

school-card-donut-3401582
8
/10
  • East Chapel Hill High School

  • 500 Weaver Dairy Rd

  • 4.36 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,748. Residents of Chapel Hill, NC typically earn less than $35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3 Penick Ln

What is the listing price of this property?

The listing price of 3 Penick Ln property is $998,500.

What type of property is this?

The property 3 Penick Ln is a house located in Chapel Hill, North Carolina, 27516.

Is this property for sale now?

Active Listing: 3 Penick Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3 Penick Ln are:
Fpg Elementary School: GreatSchools Rating 7/10
Smith Middle School: GreatSchools Rating 6/10
East Chapel Hill High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,363 (source: MLS/based on county public records data).

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

The last sale was on September 28, 2010 for $555,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3 Penick Ln has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 3 Penick Ln is 3,002 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3 Penick Ln is 1959.

Rocket Homes›North Carolina›Orange County›Chapel Hill›27516›3 Penick Ln

This home is located at 3 Penick Ln in Chapel Hill, NC and zip code 27516 in the Westwood neighborhood. This 3,002 square foot home, which was built in 1959, sits on a 0.60 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $998,500.

Over 50 listings were sold over their listed price in March 2024 in Chapel Hill, NC. In the same period over 30 listings were sold below the listed price and 11 listings were sold for the listed price. In March 2024 in Chapel Hill, NC there were 12.3% more homes for sale than in February 2024. While the average time on the market in March 2024 was 58 days, the median list price was $659,600.

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

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