Property listing for 500 Marvin Edwards Ln, Chapel Hill, NC, 27517
For SaleSingle Family Home

$380,000

500 Marvin Edwards Ln, Chapel Hill, NC, 27517

Charming 2BR Cottage on 1.3 Wooded Acres — Minutes from UNC

2 Bed · 1 Bath · 1,218 Sq Ft

Private deck, open living, and an optional adjoining 2.25-acre lot

2

Beds

1

Baths

1,218

Sq Ft

1986

Built

1.3 acres

Lot

About 500 Marvin Edwards Ln

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.

Home Highlights

1.3-acre private, wooded parcelLarge entertaining deckOpen living areasIn-unit laundry and central A/CClose to UNC (approx. 5 miles)Adjoining 2.25-acre lot with 4-bed perk available (MLS #10151264)Priced at $380,000 — aligns with local valuation estimate

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

AI Valuation Estimate

Low

$365K

Midpoint

$380K

High

$395K

$312/SF estimated price per square foot

65% confidence

Derived from Redfin listing LD+JSON

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

Market & Area Data

Nearby Points of Interest

  • Approximately 5 miles to UNC Chapel Hill
  • Proximity to university green spaces and town parks

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.

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

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