$616,900
4 Bed · 2.5 Bath · 2,446 Sq Ft
Large level lot, hardwood floors, modern kitchen, near top schools
4
Beds
2.5
Baths
2,446
Sq Ft
2004
Built
0.92 acres
Lot
2-car attached
Garage
What stands out first at 2201 Old Forest Drive is the land — a generous, level 0.92-acre parcel that gives this contemporary-traditional home a rare sense of room to breathe inside Hillsborough’s sought-after Old Forest neighborhood. Set back from the street, the house offers privacy and outdoor flexibility: play space, gardening, and potential for an accessory building are all possibilities under R-1 zoning.
Inside, 2,446 square feet unfold across two stories of well-maintained living space. Hardwood floors run through much of the home, and a central fireplace anchors family gatherings with warmth and visual character. The kitchen has been updated with a modern sensibility — efficient layout and finishes that support everyday cooking and entertaining — while public rooms feel bright and proportioned for both weekday routines and holiday crowds. With four bedrooms and two-and-a-half baths, there’s a primary suite and plenty of room for a home office or guest room.
Practical systems and features include central heating and cooling, an asphalt shingle roof, municipal water and sewer, and a two-car attached garage with driveway parking. The level lot and straightforward driveway make ingress and outdoor maintenance convenient. There’s no basement, which simplifies access to mechanicals and makes yard-to-house transitions effortless.
Location is a strong part of the appeal. Families will appreciate proximity to New Hope Elementary (approx. 2.1 miles), A L Stanback Middle (1.6 miles) and Cedar Ridge High (3.6 miles). Downtown Hillsborough’s restaurants, galleries and seasonal events are about a 10-minute drive, while Occoneechee Mountain State Natural Area sits roughly four miles away for quick access to trails and hilltop views. Being part of the Durham–Chapel Hill MSA places employers, universities and medical centers within an easy commute.
From an investment and value perspective, recent area sales support a price range that positions this house competitively; current market analysis places fair value between approximately $580K and $654K. The property’s assessed value is notably lower than market estimates, creating potential upside for buyers mindful of long-term appreciation in a market with limited inventory. Schedule a tour to experience the scale of the lot, the quality of finishes, and the practical family layout that make this Old Forest residence a compelling choice for owners seeking space, good schools, and easy access to Hillsborough’s amenities.
Old Forest offers the calm, residential character many buyers seek while remaining close to downtown Hillsborough’s cultural and dining options. Streets are lined with single-family homes on larger lots, creating a suburban feel with quick access to the region’s parks and natural areas. Families gravitate to the neighborhood for proximity to highly rated New Hope Elementary and convenient commutes into the Durham–Chapel Hill employment centers. Community events in downtown Hillsborough, local shops and seasonal outdoor activities give residents a balance of small-town charm and regional amenities.
Orange County and the Hillsborough market currently favor sellers: inventory sits near 2.5 months and average days on market for similar single-family homes is about 30 days. Median sale prices in the immediate area trend around $500,000, and year-over-year appreciation is modest but steady (about 5% over the last 12 months and roughly 25% over five years). Comparable recent sales on Old Forest Drive show price-per-square-foot metrics ranging roughly from $223 to $263, and a local sales-comparison valuation for this 2,446 sf home centers near $252/sf. Single-family homes in neighborhoods like Old Forest move more quickly than condos or multifamily units, driven by family demand and limited lot inventory.
For buyers: expect some competition and quick decision-making windows. For sellers: the present conditions support pricing with confidence, especially for well-kept homes on larger lots. Investors looking at rental performance can expect estimated monthly rents near $2,400 (gross yield roughly 4.7%), though owner-occupant buyers will find the proximity to top elementary schools and regional job centers particularly compelling. Verify current comparable closings and days-on-market snapshots with your agent for the most up-to-date transactional context.
New Hope Elementary
Elementary · 2.1 mi
A L Stanback Middle
Middle · 1.6 mi
Cedar Ridge High
High · 3.6 mi
Very good access to outdoor recreation with Occoneechee Mountain State Natural Area about 4 miles away, downtown parks and green spaces nearby, and neighborhood streets well-suited to walking and biking.
Well-maintained 4-bedroom home in a desirable neighborhood with potential for appreciation due to below-market assessed value. Proximity to top-rated schools and amenities enhances appeal.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$580K
Midpoint
$617K
High
$654K
$252/SF estimated price per square foot
Sales comparison approach using recent sales of similar properties in the area. Adjusted for lot size, age, and condition. Assessed value of $359,700 appears below market.
As of 2026-03-08
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Hillsborough has experienced steady population growth and rising property values over the past decade.
Proximity to top-rated schools, downtown Hillsborough's amenities, and natural attractions like Occoneechee Mountain State Natural Area.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$124/SF
New construction purchase
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