INNOVATE Real Estate
UMSTEAD1 - 500 Umstead Drive 208, Chapel Hill, NC 27516, Chapel Hill
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UMSTEAD2 - 500 Umstead Drive 208, Chapel Hill, NC 27516, Chapel Hill
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UMSTEAD5 - 500 Umstead Drive 208, Chapel Hill, NC 27516, Chapel Hill
41 photos

$214,900

500 Umstead Drive 208, Chapel Hill, NC 27516
Chapel Hill, NC 27516
Listed by Gene Pitzer · Real Broker, LLC - Carolina Collective Realty
Bedrooms
3
Bathrooms
2
Living area
N/A
Year built
1972

About this home

Extremely convenient three-bedroom, two full bath condo with minimal stairs! open concept living and dining areas that open to patio through large sliding glass doors. Spacious primary suite with full bath. Many updates in 2018 including kitchen cabs, appliances, counters, laminate flooring throughout the unit, and updated baths. Beds, dressers, and larger furniture conveys. Community pool just steps away. Excellent rental history and income currently but would also make a great individual use home! So much here, come and see it!

Property details

MLS #
10152574
Property type
Condominium
Subdivision
Bolinwood Condominiums
Status
Active
Days on market
210
On market date
March 13, 2026
Stories
N/A
Total bathrooms
2
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 210 days -- 84 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

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

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Est. monthly payment
$1,444/mo
$42,980 down
$171,920 loan
Principal & interest$1,115
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 September 3, 2026.

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.