Estimated market value
$380,000
Low $364,800 · Midpoint $380,000 · High $395,200
Confidence65%Sales comparison approach
CompCasa estimate$380,000Current analysis
$364,800$380,000 midpoint$395,200
Price / sq ft$312
Derived from Redfin listing LD+JSON
About the property
Charming 2BR Cottage on 1.3 Wooded Acres — Minutes from UNC
Step onto the oversized deck and you’ll immediately understand why this house is made for gatherings — whether it’s star-lit dinners, backyard gardening, or an afternoon spent reading among mature trees. Set on a peaceful 1.3-acre wooded parcel just under five miles from the University of North Carolina, this adorable 2-bedroom, 1-bath home pairs simple, comfortable living with the kind of privacy so rare this close to Chapel Hill.
Inside, the layout emphasizes openness and day-to-day ease. The living and dining zones flow together with clear sightlines to the kitchen — a practical, well-proportioned space for home cooking and for hosting. The home measures 1,218 finished square feet and includes in-unit laundry and central air for year-round comfort. Original details from the 1986 build blend with updates that preserve character while keeping maintenance low.
Both bedrooms are tucked away from the main living area, providing quiet and separation when you want it. The single full bath is efficiently laid out; the house’s footprint makes it ideal for downsizers, a full-time pied-à-terre for campus visitors, or buyers seeking a low-key primary residence with generous outdoor space. Light moves through the living areas throughout the day, and the large deck expands your usable living space substantially during warm months.
A distinctive opportunity comes with the seller’s intention to sell the adjoining 2.25-acre lot (MLS #10151264, offered separately at $230,000) — that parcel carries a four-bedroom perk and creates possibilities for expansion, multi-generational living, or long-term investment. Priced at $380,000, this property aligns with local valuation estimates and gives buyers immediate privacy plus optional acreage for future plans. If you’re seeking a Chapel Hill address, private outdoor acreage, and easy access to university life and area amenities, this one deserves a close look.
Location & nearby
Chapel Hill, NC
Researched nearby locations
⌖Approximately 5 miles to UNC Chapel Hill
⌖Proximity to university green spaces and town parks
Location
500 Marvin Edwards Ln, Chapel Hill, NC, 27517
Editorial neighborhood context
This property sits in a quiet Chapel Hill pocket that balances country calm with university convenience. About five miles from UNC’s campus, residents enjoy ready access to university events, cultural venues, and downtown Chapel Hill’s dining and retail corridors. The neighborhood leans toward private, tree-lined parcels rather than dense subdivisions, appealing to buyers who want space and a sense of retreat while remaining connected to town life. Local community resources include parks, recreational programming through UNC and municipal facilities, and easy commutes to adjacent towns.
Nearby access summary
Private, wooded 1.3-acre lot with a large deck for outdoor living; close enough to UNC and Chapel Hill parks for trails, green spaces, and campus recreation.
Market context
A factual market snapshot around 500 Marvin Edwards Ln.
Editorial market perspective
This Chapel Hill listing sits at $380,000, which matches the estimated value midpoint provided in the listing data and equates to roughly $312 per square foot on a 1,218 sqft home. University-adjacent neighborhoods like this one typically show steady demand because of UNC’s year-round draw of students, faculty, and staff, so homes with private lots and outdoor amenities often outperform identical interiors without land. The current listing price aligns tightly with the automated valuation range ($364,800–$395,200), suggesting the broker’s pricing strategy is competitive for buyers and attractive to motivated sellers. Specific MLS metrics such as days on market and current inventory levels were not included in the supplied research; prospective buyers should request up-to-the-minute local statistics from their agent. Given the optional adjoining 2.25-acre parcel with a 4-bedroom perk, there’s added strategic value here for buyers who want expansion potential. In short: price-per-square-foot and the valuation band indicate fair market pricing; buyer interest in Chapel Hill’s lower-inventory, university-influenced micro-markets typically moves quickly, so confirm live MLS conditions for timing opportunities.
Highlights & features
What stands out about this property.
011.3-acre private, wooded parcel
02Large entertaining deck
03Open living areas
04In-unit laundry and central A/C
05Close to UNC (approx. 5 miles)
06Adjoining 2.25-acre lot with 4-bed perk available (MLS #10151264)
07Priced at $380,000 — aligns with local valuation estimate
Interior Features
- 2 bedrooms, 1 full bathroom
- 1,218 finished square feet
- Open living and dining areas
- Functional, well-proportioned kitchen
- In-unit laundry (washer and dryer)
- Central air conditioning
Exterior & Lot
- 1.3-acre wooded lot
- Very large deck for outdoor entertaining
- Private setting with mature trees
- Adjoining 2.25-acre lot available (MLS #10151264)
- Year built: 1986
Location & Neighborhood
- Approximately 5 miles to UNC Chapel Hill
- Quiet, rural-like setting within Chapel Hill city limits
- Easy access to town amenities and university events
- Short drive to local shops, cafes, and services
Walkability & Recreation
- Walkability Rating: null — vehicle likely needed for most errands
- Private wooded lot for on-site outdoor activities
- Proximity to university green spaces and town parks
- Potential for gardening, deckside dining, and stargazing
- Nearby recreational programming at UNC and Chapel Hill community centers