This 4 bed 5 bath 5,000 sqft home, built in 2005, is a rare opportunity in the Chapel Hill area for a six figure profit. With a spacious layout and a daylight basement designed for a bar and kitchen, this home has the potential to be a high-end luxury flip. While it remains in good condition and is fully functional without any major issues at all, the interior is dated with early 2000s finishes and needs cosmetic updates to maximize its value.
The property sits on a large 10-acre lot with a small lake/pond in front of the home, adding to its desirability. The home features a finished walk out basement bonus room which includes plumbing for future kitchen or bar. It also has a spacious detached garage to attract the right buyer after the flip. The current owner is in the process of moving out, and the home will be vacant at closing.
The ARV is estimated at $1,100,000, with strong comps supporting the value.
- 4121 Mystic Ln Hillsborough 4 bed 4.5 bath 5,380 sqft home on 10 acres that sold for $3,090,000
- 5401 Nicks Rd, Mebane 4 bed 3.5 bath 3,275 sqft home on 11.4 acres that sold for $1,100,000
- 3121 Tree Farm Rd, Hillsborough 4 bed 3.5 bath 3,302 sqft home on 10.84 acres that sold for $963,000
This is a rare chance to secure a high-end deal in North Carolina with substantial equity upside.
Contact Viktor Rybachuk at 206-488-0606 to lock in this opportunity.
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