INNOVATE Real Estate
20260108_150039 - 500 Umstead Drive Unit 306, Chapel Hill, NC 27516, Chapel Hill
20260108_150601 - 500 Umstead Drive Unit 306, Chapel Hill, NC 27516, Chapel Hill
20260108_150606 - 500 Umstead Drive Unit 306, Chapel Hill, NC 27516, Chapel Hill
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20260108_150536 - 500 Umstead Drive Unit 306, Chapel Hill, NC 27516, Chapel Hill
25 photos

$215,000

500 Umstead Drive Unit 306, Chapel Hill, NC 27516
Chapel Hill, NC 27516
Listed by Mark Heizer · HCO Properties
Bedrooms
2
Bathrooms
1.5
Living area
N/A
Year built
1972

About this home

Newly remodeled 2 bed 1.5 bath. 1.5mi from historic UNC Chapel Hill campus, along Bolin Creek and 2 min to downtown Chapel Hill. 2bd/1.5ba on the second floor, large balcony and assigned parking. Washer/dryer located in complex (not in unit). Minutes to Bolin Creek Trail.

Property details

MLS #
10145154
Property type
Condominium
Subdivision
Bolinwood Condominiums
Status
Active
Days on market
245
On market date
February 6, 2026
Stories
N/A
Total bathrooms
1.5
Garage spaces
N/A
Parking spaces
2
Lot size
N/A

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Carrboro Elementary
0.96 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
529
Student:teacher ratio
12.3:1
District
Chapel Hill-Carrboro City Schools
Middle
Smith Middle
1.45 mi away · Grades 6-8
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
716
Student:teacher ratio
13.8:1
District
Chapel Hill-Carrboro City Schools
High
Chapel Hill High
1.75 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
1,505
Student:teacher ratio
15.5:1
District
Chapel Hill-Carrboro City Schools

Walkability

Blended score for Chapel Hill's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

63
Walkable
out of 100
EPA National Walkability Index
10.8 / 20 -- Above average walkable
Google Places amenity density
75 / 100
Restaurants & cafes10
Grocery stores0
Parks4
Schools7
Transit stops20
Pharmacies2

Market position

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

On the market 245 days -- 119 more days than Chapel Hill's current average of 126 days.
For reference, the median list price across 634 active listings in Chapel Hill right now is $532,000.

Mortgage calculator

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Est. monthly payment
$1,445/mo
$43,000 down
$172,000 loan
Principal & interest$1,116
Property tax (est.)$179
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 25 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.