Property listing for 500 Umstead Dr Unit A 304, Chapel Hill, NC, 27516
For SaleCondominium

$189,900

500 Umstead Dr Unit A 304, Chapel Hill, NC, 27516

Affordable 3-Bedroom Condo Minutes from UNC and Downtown Chapel Hill

3 Bed · 2 Bath · 1,210 Sq Ft

Move-in ready 3BR/2BA condo — A/C, 2 parking spaces, close to parks and campus

3

Beds

2

Baths

1,210

Sq Ft

1972

Built

About 500 Umstead Dr Unit A 304

This well-priced Chapel Hill condo puts campus, downtown amenities and green space within easy reach. Unit A-304 offers three bedrooms and two full bathrooms across a thoughtfully laid-out 1,210 square feet. Fresh paint and clean sightlines make the interior feel updated and ready for occupation — a practical, low-fuss option for a first-time buyer or an investor seeking reliable rental potential.

Step into a bright, airy living area that accommodates distinct seating and dining zones without feeling cramped. The south-facing exposures and unobstructed windows (photos linked in the listing) help the space feel open; cooling is handled by central air-conditioning for year-round comfort. The kitchen and bathrooms are in good, move-in condition — solid functional spaces that let you move right in while leaving opportunities to personalize finishes later.

Bedrooms are well-proportioned for a condominium of this size, and the two full bathrooms support household flexibility and rental appeal. Practical conveniences include two parking spaces allocated to the unit — a notable plus in this part of Chapel Hill — and an HOA structure that handles exterior maintenance so residents spend less time on upkeep and more time enjoying the neighborhood.

Location is the standout: this unit sits minutes from downtown Chapel Hill and the University of North Carolina, with quick access to major highways and nearby Umstead Park for weekend walks and trails. Whether you’re buying to live near campus, locking in an affordable foothold in Chapel Hill, or adding to an investor portfolio, this property combines approachable price, straightforward maintenance, and a location that consistently draws interest.

Priced at $189,900, 500 Umstead Dr Unit A-304 represents an accessible entry into Chapel Hill real estate. It’s move-in ready, competitively priced for the area, and positioned for immediate occupancy or quick rental turnover. Schedule a viewing to see how this condo balances livability, location, and value in one practical package.

Home Highlights

Move-in readyFresh paint throughoutThree bedrooms and two full bathroomsTwo assigned parking spacesCentral A/C1,210 sq ft — efficient floor planExcellent proximity to UNC, downtown, and Umstead ParkAffordable price under $200K

Property Features

Interior Features

  • 3 bedrooms, 2 full bathrooms
  • 1,210 sq ft of living space
  • Fresh interior paint
  • Central air-conditioning
  • Bright, open living/dining area
  • Move-in condition

Exterior & Lot

  • Condominium community (building year 1972)
  • Assigned parking: 2 spaces
  • Exterior maintenance handled by HOA
  • Close proximity to Umstead Park

Location & Neighborhood

  • Minutes to Downtown Chapel Hill
  • Near University of North Carolina (UNC)
  • Quick access to major highways
  • Convenient for students, faculty, and professionals

Walkability & Recreation

  • Walkability Rating: 72/100 — Some errands on foot
  • Nearby parks: Umstead Park (short drive)
  • Hiking and biking trails minutes away at Umstead Park
  • Running/walking paths and green spaces close by
  • Easy access to downtown dining and shops

Neighborhood & Location

This condo sits in a Chapel Hill neighborhood prized for quick access to UNC and the town’s vibrant downtown. Residents enjoy short drives—or bike rides—to coffee shops, restaurants, and cultural venues along Franklin Street, plus outdoor time at nearby Umstead Park. The area blends collegiate energy with mature neighborhoods and practical commuter routes, making it a favored spot for students, faculty, professionals, and long-term residents seeking convenience and community.

Market Insights

This listing was posted March 7, 2026, at a price point ($189,900) that places it below many single-family median prices in Chapel Hill and makes it particularly attractive to first-time buyers and investors targeting rental demand near UNC. Specific metrics for days on market and local inventory were not supplied in the research packet, so buyers should consult the MLS for up-to-the-minute figures. Broadly speaking, condominiums and smaller units close to university precincts typically experience steady demand — competition often intensifies during academic calendar turnover and when inventory is limited. For sellers, that dynamic can favor prompt offers if pricing is competitive; for buyers, opportunities exist when a condo is priced noticeably under neighborhood single-family medians. Given this unit’s combination of location, two assigned parking spaces, and move-in condition, expect solid interest; buyer agents should prepare pre-approvals and swift offers, and sellers should verify shared-fee details and rental restrictions to highlight investor appeal.

Walkability & Recreation

72
Walkability
78
Recreation

Very good outdoor access with Umstead Park minutes away for hiking and biking, nearby running/walking paths, plus downtown green spaces and easy access to outdoor recreation around Chapel Hill and UNC.

AI Valuation Estimate

Low

$182K

Midpoint

$190K

High

$197K

$157/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

  • Assigned parking: 2 spaces
  • Close proximity to Umstead Park
  • Minutes to Downtown Chapel Hill
  • Quick access to major highways
  • Nearby parks: Umstead Park (short drive)
  • Hiking and biking trails minutes away at Umstead Park
  • Easy access to downtown dining and shops

This condo sits in a Chapel Hill neighborhood prized for quick access to UNC and the town’s vibrant downtown. Residents enjoy short drives—or bike rides—to coffee shops, restaurants, and cultural venues along Franklin Street, plus outdoor time at nearby Umstead Park. The area blends collegiate energy with mature neighborhoods and practical commuter routes, making it a favored spot for students, faculty, professionals, and long-term residents seeking convenience and community.

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

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