10-Acre Lot Near University
For Sale
$617,500
Pending
896 Monterey Valley, Chapel Hill, NC 27516
Build your dream home near UNC and University Lake.
Property SizeContact for details
Lot Size10.01 Acres
Days on Market167
Property Features for 896 Monterey Valley
General Information
Standard status
Pending
Lot size
10.01 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$4,675
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICE
(919) 929-7100
Listed By:
TONY HALL
Source:
Corcoran
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOMESERVICE
Investment Insights
Based on property information with market context.
This 10-acre lot offers a setting that combines a sense of mountain tranquility with convenient access to UNC, downtown Chapel Hill, and Carrboro, all within a 10-minute drive. Situated at the end of the neighborhood, the property provides a private and peaceful location. It borders the UNC-owned University Lake property, which spans 626 acres and includes a recreational lake and protected, wooded forests. The building site features mature trees, native plants, rock outcroppings, and gentle slopes. The neighborhood consists of custom-built homes on multi-acre lots and has a private, paved road. The surrounding area is characterized by rolling countryside with farms and forests.
Key Highlights
- 10‑acre lot bordering UNC‑owned 626‑acre University Lake property.
- Conveniently located: 10 minutes to UNC, downtown Chapel Hill, and Carrboro.
- Private and peaceful setting at the end of the neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 27516, NC
45,841
Population
18,684
Households
2.5
Avg Household Size
35
Median Age
72%
College-Educated
96%
High-School Grad
93.5 sq mi
ZIP Area
490
Density / Sq Mi
$100,788
Median Household Income
$48,638
Median Earnings
$1,446
Median Rent
$508,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Build your dream home near UNC and University Lake.
Where is this residential land & home lot located?
The property is located at 896 Monterey Valley Chapel Hill, NC.
What is the asking price?
The asking price for this property is $617,500.
What are key features of this property?
This property features: 10‑acre lot bordering UNC‑owned 626‑acre University Lake property.; Conveniently located: 10 minutes to UNC, downtown Chapel Hill, and Carrboro.; Private and peaceful setting at the end of the neighborhood.
