NCR_5387 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5377 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
DJI_20260924090710_0057_D - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5427 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5444 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5432 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5507 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5492 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5472 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5477 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5462 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5487 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5482 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5457 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5467 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5577 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5597 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5589 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5584 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5562 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5527 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5567 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5554 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5539 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5547 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5542 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5559 (1) - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5449 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5572 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5522 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
NCR_5504 - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
DJI_20260924090309_0012_D - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
DJI_20260924090225_0002_D - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
DJI_20260924090538_0039_D - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
DJI_20260924090613_0042_D - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
DJI_20260924090329_0017_D - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
DJI_20260924090441_0029_D - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
DJI_20260924090402_0022_D - 369 Papyrus Place, Hillsborough, NC 27278, Hillsborough
38 photos

$620,000

369 Papyrus Place, Hillsborough, NC 27278
Hillsborough, NC 27278
Listed by Lara Moussa · Coldwell Banker HPW
Bedrooms
5
Bathrooms
3.5
Living area
N/A
Year built
2018

About this home

Come discover this charming Craftsman-style home in the sought-after Waterstone neighborhood, where it enjoys exceptional curb appeal and neighbors on only one side. Conveniently located between I-40 and I-85, the home is just minutes from historic downtown Hillsborough and about 20 minutes from Duke University and UNC-Chapel Hill. Designed for comfortable everyday living and easy entertaining, the open-concept kitchen and family room create a warm, inviting gathering space. A sliding glass door leads to the spacious, fenced backyard—ideal for outdoor dining, play, pets, or simply relaxing at home. The kitchen is the heart of the home, with stainless steel appliances, abundant cabinetry, and plenty of storage. A first-floor guest bedroom with an adjacent walk-in shower offers flexibility for visitors or multigenerational living. Upstairs, the laundry room is conveniently located near the bedrooms, and the washer and dryer convey. Waterstone's amenities include a pool, a skate park, and several small neighborhood parks. Don't miss the opportunity to own this nearly new home in a prime Hillsborough location! Recent inspection report is included

Highlights

Fireplace

Property details

MLS
Doorify MLS
MLS #
10194878
Property type
Single Family Residence
Subdivision
Waterstone
Status
Active
Days on market
24
On market date
September 25, 2026
Stories
N/A
Total bathrooms
3.5
Garage spaces
2
Parking spaces
4
Lot size
0.23 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.

Elementary
Hillsborough Elementary
2.52 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
422
Student:teacher ratio
13.6:1
District
Orange County Schools
Middle
A L Stanback Middle
1.59 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
636
Student:teacher ratio
13.5:1
District
Orange County Schools
High
Cedar Ridge High
2.14 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,039
Student:teacher ratio
15.7:1
District
Orange County Schools

Walkability

Blended score for Hillsborough'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).

37
Car-dependent
out of 100
EPA National Walkability Index
8.2 / 20 -- Below average walkable
Google Places amenity density
30 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools2
Transit stops8
Pharmacies1

Market position

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

On the market 24 days -- 117 fewer days than Hillsborough's current average of 141 days.
For reference, the median list price across 167 active listings in Hillsborough right now is $449,900.

Mortgage calculator

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

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Est. monthly payment
$3,884/mo
$124,000 down
$496,000 loan
Principal & interest$3,217
Property tax (est.)$517
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 11 hr 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.