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$390,000

240 Jay Street, Chapel Hill, NC 27516
Chapel Hill, NC 27516
Listed by Danielle Weeks · NextHome Turn Key Realty
Bedrooms
3
Bathrooms
2.5
Living area
N/A
Year built
2001

About this home

Great investment property---ideal for UNC students!! Discover your own private, mountain-like retreat in the heart of Chapel Hill! Perfectly positioned adjacent to the Bland Creek Trail and Tanner Branch Trail, this home offers exceptional access to nature while providing easy walking and biking to both downtown Chapel Hill and Carrboro. This charming 3-bedroom, 2.5-bath home features a welcoming covered front porch, bamboo flooring throughout the main level, and a functional floor plan with all bedrooms conveniently located upstairs. The kitchen is equipped with granite countertops, stainless steel appliances, and plenty of workspace for everyday living and entertaining. Enjoy a low-maintenance yard that lets you spend more time exploring the nearby trails, parks, restaurants, shops, and everything this highly desirable location has to offer. Whether you're seeking peaceful surroundings with no HOA, outdoor adventure, or convenient access to UNC, downtown Chapel Hill, and Carrboro, this home offers the best of all worlds.

Property details

MLS #
10183253
Property type
Single Family Residence
Subdivision
Not in a Subdivision
Status
Active
Days on market
71
On market date
July 30, 2026
Stories
N/A
Total bathrooms
2.5
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.16 acres
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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
0.71 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
1.77 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
2.07 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 71 days -- 55 fewer 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
$2,499/mo
$78,000 down
$312,000 loan
Principal & interest$2,024
Property tax (est.)$325
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 24 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.