Property listing for 106 Serrano Way, Chapel Hill, NC 27517
For SaleSingle Family Home

$299,900

106 Serrano Way, Chapel Hill, NC 27517

Move-In Ready 3BR Ranch on a Level 0.33-Acre Lot

3 Bed · 2 Bath · 1,172 Sq Ft

New 2026 single-story home with energy-efficient systems and 2-car garage

3

Beds

2

Baths

1,172

Sq Ft

2026

Built

0.33 acres

Lot

2-car attached

Garage

About 106 Serrano Way

What first stands out at 106 Serrano Way is the lot: a level, third-acre parcel within The Meadows at Oxford that gives this new LGI Homes build a rare feeling of space without sacrificing the convenience of a close-knit neighborhood. Built in 2026 and offered as part of LGI’s CompleteHome™ package, this single-story residence arrives fully finished — contemporary selections, energy-efficient systems and a two-car attached garage are included at list price, so you can move straight from box to welcome mat.

Inside, the 1,172-square-foot floor plan favors practical, everyday living. An open living area sits at the heart of the home, configured for flexible furniture layouts and day-to-day flow. The kitchen and dining zone are designed for easy entertaining and weekday routines; finishes and modern upgrades are installed throughout to provide a fresh, low-maintenance interior without additional remodel work.

Three bedrooms and two full bathrooms keep private quarters simple and accessible. The single-level layout makes this house easy to manage — ideal for first-time buyers, downsizers, or anyone seeking one-floor convenience. Mechanical systems reflect current building standards: central air conditioning, electric heat pump heating, and modern insulation and fixtures that contribute to lower operating costs compared with older stock.

Beyond the house, The Meadows at Oxford positions you close to what matters: downtown Oxford’s shops and restaurants are roughly two miles away, Oxford Athletic Park sits about 1.5 miles from the front door, and Granville Medical Center is within a short drive. For commuters, NC-96 is approximately one mile away, linking the neighborhood to wider Triangle routes. With a competitive list price of $299,900 (about $256 per square foot) and an assessed value aligned with the listing, this home blends new-construction warranties and energy-conscious systems with a generous lot and practical single-level living.

Home Highlights

Move-in readyNew construction (2026) — LGI Homes CompleteHome™Energy-efficient systems (electric heat pump, modern insulation)2-car attached garageSingle-story, low-maintenance layoutLot size: 0.33 acresPriced at $299,900 (~$256/sf)

Property Features

Interior Features

  • Open-concept living area
  • 1,172 sq ft single-story layout
  • 3 bedrooms, 2 full bathrooms
  • Contemporary, builder-selected finishes
  • Central air conditioning
  • Electric heat pump
  • Energy-efficient fixtures

Exterior & Lot

  • Level 0.33-acre lot (14,374 sqft)
  • 2-car attached garage with driveway
  • Shingle roof
  • Standard residential frontage
  • Public water and sewer

Location & Neighborhood

  • The Meadows at Oxford neighborhood
  • Approximately 2 miles to Downtown Oxford
  • Granville Medical Center ~2.5 miles
  • Oxford Athletic Park ~1.5 miles
  • MSA: Durham–Chapel Hill

Walkability & Recreation

  • Walkability Rating: 30/100 — Car-Dependent
  • Nearby parks and green spaces: Oxford Athletic Park (1.5 mi)
  • Hiking and biking: local trails and community paths within a short drive
  • Golf courses: regional courses available within driving distance
  • Running/walking paths and community recreation facilities nearby

Neighborhood & Location

The Meadows at Oxford is a developing residential community offering roomy lots and contemporary new-construction homes. It balances suburban quiet with easy access to downtown Oxford’s shops and dining (about two miles away), community recreation at Oxford Athletic Park, and local healthcare at Granville Medical Center. Road connections such as NC-96 are nearby for regional commuting, and the area sits within the broader Durham–Chapel Hill MSA. The neighborhood appeals to buyers seeking newer homes, modest commute times, and a neighborhood still building out its amenities and community character.

Market Insights

The local market reads as balanced with pockets of steady demand — a constructive environment for both buyers and sellers. Recent area metrics show roughly three months of inventory and an average days-on-market near 45, which historically indicates neither a deep buyer’s nor seller’s market but rather a market with measured competition. Median sale prices in the corridor sit near $275,000; recent new-construction comps on Serrano Way closed in the $290k–$305k range, supporting this listing’s $299,900 price point and its $256 per-square-foot valuation.

For buyers, new construction like this offers predictable maintenance and energy performance, plus the benefit of modern systems and finishes without needing renovations. Investors and owner-occupiers can also reference rental comps showing estimated monthly rents around $1,500 (≈$1.28/sf), yielding a rough gross return near 6% if rented. Given steady 1-year appreciation of roughly 4% and longer-term five-year growth near 15%, the property represents a competitively priced entry in a neighborhood still seeing development. Low-to-moderate inventory means well-presented homes with current finishes tend to attract timely interest; pricing aligned with nearby sales and clear disclosure of move-in-ready features will accelerate buyer confidence.

Nearby Schools

West Oxford Elementary School

Elementary

6/10

Northern Granville Middle School

Middle

5/10

Granville Central High School

High

5/10

Walkability & Recreation

30
Walkability
65
Recreation

Good local access to recreation with Oxford Athletic Park about 1.5 miles away, downtown Oxford and community amenities roughly 2 miles away, and regional trails and golf options within a short drive.

Investment Highlights

  • New construction with modern upgrades and energy-efficient features
  • Competitive pricing at $256 per square foot
  • Located in a developing neighborhood with proximity to downtown Oxford
  • Steady market appreciation with 4% growth in the past year
  • Move-in ready with LGI Homes' CompleteHome™ package

Key Findings

  • Listed at $299,900 ($256/SF) as of March 5, 2026
  • Assessed value of $300,000 with annual taxes of $3,696
  • Located 2 miles from downtown Oxford and 2.5 miles from Granville Medical Center
  • Part of The Meadows at Oxford subdivision
  • Built in 2026 with 1,172 SF, 3 bedrooms, and 2 bathrooms

Things to Consider

  • New neighborhood may have ongoing construction
  • Limited historical data on property value appreciation
  • Schools have average ratings, which may impact family buyers

Opportunity Analysis

Newly constructed, energy-efficient home in a developing community with competitive pricing and modern amenities.

Potential Use Scenarios

  • Ideal for first-time homebuyers seeking modern features
  • Potential for value appreciation as the neighborhood develops
  • Suitable for buyers looking to downsize to a manageable, efficient home

Risk Factors

  • Ongoing construction in the neighborhood may cause temporary inconveniences
  • Limited resale data due to new development
  • Average school ratings may affect desirability for families with school-aged children

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$290K

Midpoint

$300K

High

$310K

$256/SF estimated price per square foot

85% confidence

Sales comparison approach using recent new construction sales in the area. Adjusted for size, condition, and features.

As of 2026-03-09

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$275,000
Avg Days on Market45 days
Inventory3 months
1-Year Appreciation+4.0%

Demographics

Population (1 mi)5,000
Median Income (1 mi)$55,000

Steady population growth with increasing demand for new housing. Walkability Rating estimate: 30/100.

Nearby Points of Interest

  • Downtown Oxford (2 mi)
  • Granville Medical Center (2.5 mi)
  • Oxford Athletic Park (1.5 mi)

Close proximity to downtown Oxford, medical facilities, and recreational parks.

School District

DistrictGranville County Schools
ElementaryWest Oxford Elementary School (6/10)
MiddleNorthern Granville Middle School (5/10)
HighGranville Central High School (5/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2026
Constructionwood frame
Stories1
Roofshingle
Heatingelectric heat pump
Coolingcentral AC
Basementnone
FireplaceNo
Conditionnew

Lot & Site

Lot Size0.33 acres (14,374 SF)
Topographylevel
Parkingattached_garage
Parking Spaces2
FrontageStandard residential frontage

Utilities

Waterpublic
Sewerpublic
Electricavailable
Gasnot specified

Zoning & Land Use

Zoning CodeR-1
DescriptionSingle Family Residential
JurisdictionCity of Oxford

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$300,000
Land$50,000
Improvements$250,000
Annual Tax (2025)$3,696

Sale History

2026-03-05$299,900

$256/SF

New construction sale

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