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617 Park Pl Preliminary Floor Plan - 617 Park Place, Chapel Hill, NC 27514, Chapel Hill

38 photos

$485,000

617 Park Place, Chapel Hill, NC 27514

Chapel Hill, NC 27514

Listed by Chad Lloyd · Long & Foster Real Estate INC

Bedrooms

Bathrooms

Living area

N/A

Year built

1932

About this home

Hit the jackpot at 617 PARK PLACE, with FREE PARKING and all! (Sorry, Monopoly money not accepted!) This may be one of the coolest opportunities in DOWNTOWN CHAPEL HILL, practically on the UNC CAMPUS! Quaint, cool, private, and packed with possibilities, this one-level bungalow could be an ideal fit for students, faculty, investors, a weekend getaway, Tar Heel tailgating headquarters, long-term rental, or short-term rental potential, subject to applicable regulations. And don't let the bungalow fool you, this one LIVES LARGE! The open floorplan, high ceilings, great natural light, and extra storage maximize the space, while a private deck overlooking wooded views creates a surprisingly peaceful escape right in the middle of it all. For investors, it's all about LOCATION + FLEXIBILITY + OPPORTUNITY, and 617 Park Place delivers. Whether you're looking for rental potential, a Chapel Hill home base, a place for your UNC student, or simply a unique property in an incredibly hard-to-replicate location, this one deserves a look. Walk to the action. Come home to the quiet. Own your own PARK PLACE in Chapel Hill!

Highlights

Fireplace

Property details

MLS #: 10192211
Property type: Single Family Residence
Subdivision: Not in a Subdivision
Status: Active
Days on market: 13
On market date: September 11, 2026
Stories: N/A
Total bathrooms: 1
Garage spaces: N/A
Parking spaces: 12
Lot size: 0.05 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary

FPG Elementary

1.94 mi away · Grades -1-5

Zoned school (attendance boundary, 2015-16 data)

4.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 530
Student:teacher ratio: 14.3:1
District: Chapel Hill-Carrboro City Schools

Middle

Culbreth Middle

2.23 mi away · Grades 6-8

Zoned school (attendance boundary, 2015-16 data)

3.6

Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating

State rating: C (2025)

Enrollment: 664
Student:teacher ratio: 11.6:1
District: Chapel Hill-Carrboro City Schools

High

East Chapel Hill High

3.2 mi away · Grades 9-12

Zoned school (attendance boundary, 2015-16 data)

4.4

Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating

State rating: A (2025)

Enrollment: 1,475
Student:teacher ratio: 16.4:1
District: Chapel Hill-Carrboro City Schools

Walkability

Blended score for Chapel Hill's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

Walkable

out of 100

EPA National Walkability Index

14.5 / 20 -- Above average walkable

Nearby-amenity density

90 / 100

Restaurants & cafes20

Grocery stores2

Parks11

Schools9

Transit stops20

Pharmacies3

Market position

How this listing compares to current activity in Chapel Hill, from live MLS data.

On the market 13 days -- 98 fewer days than Chapel Hill's current average of 111 days.

For reference, the median list price across 625 active listings in Chapel Hill right now is $529,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

Home price

Down payment

Interest rate

Loan term

Adjust tax / insurance estimates

Property tax

% / yr

Home insurance

/mo

Est. monthly payment

$3,071/mo

$97,000 down

$388,000 loan

Principal & interest$2,517

Property tax (est.)$404

Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 13 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.