$569,000

508 Colony Woods Dr Chapel Hill, NC 27517

$6,757
Closing credit¹
5 beds
4 full
2,241 sqft
0.3 acres
$254 / sqft
House

Property details

About 508 Colony Woods Dr

Cozy Chapel Hill cottage meets spacious 2 level on the edge of Durham. Truly a blend of both worlds in this charmer and the perfect location! Tucked into the quiet tree-lined streets of sweet, sweet Colony Woods! Down the street from Trader Joe's, Wegmans, Whole Foods, shops & restaurants. 3 Miles to UNC and 6 to Duke. Only a skip to I-40, RTP and RDU! And the home has so much to offer! 5 bedrooms total with the main level a modernized 3 bed & 2 bath ranch, updated to an open floor plan, added skylights, stylish finishes and just refinished hardwood floors. But there is SO MUCH more! The lower level expands and just keeps on going! An in-law or teen dream, there are 2 bedrooms, 2 baths, 2 living areas one with bar (formerly a full kitchenette and could be again), AND 2 HUGE storage areas. All high-quality vintage construction, made with solid lumber, solid surfaces and to last the ages! Updated to be light and airy, connected but with enough room for everyone to have their own space to retreat. Yard and lot also a great combo, beautiful hardwoods and a big fig tree out front, established shrubs and open yard to play. One side is town greenspace for privacy but no maintenance. Hard to find home with so much charm and flexibility, inside & out and location is unbeatable! Get anywhere in the Triangle fast! Come stroll the quaint neighborhood streets by day, take five to go out on the town at night and return home for a star gaze off the big back deck. All the reasons we love it here and more!

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size2,241 sqft
BasementYes
Lot size0.29 Acres
Year built1973
ParkingConcrete, Driveway
MLS #10091795

Summary

  • MLS Number: 10091795
  • MLS Name: Doorify MLS
  • Office Name: Chapel Hill Realty Group, Inc.
  • Office Phone: (919) 942-4149
  • Listing Agent: Alexis Rudolph

IDX Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2025, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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ranch-style house with covered porch and brick siding

$569,000

508 Colony Woods Dr

$6,757

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 19, 2009
Home Sold
$233,000
Jul 17, 2002
Home Sold
$203,000

Tax history

YearAssessmentProperty Tax
2024$252,563$3,512
2023$252,563$3,344
2022$252,563$3,142
2021$252,563$3,122
2020$252,563$3,172
2019$252,563$3,172
2018$245,003$3,199
2017$245,003$3,126

History based on county public records data.

Nearby schools

5

Creekside Elementary School

Public District KG-5

0.5 mi

5321 Ephesus Church Rd

7

Ephesus Elementary School

Public District KG-5

0.8 mi

1495 Ephesus Church Rd

7

Rashkis Elementary School

Public District KG-5

1.3 mi

601 Meadowmont Ln

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $89,563. Residents of Chapel Hill, NC typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

19%
<35k
38%
35k-100k
26%
100k-200k
17%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

50%
Single, No Kids
4%
Single, with Kids
35%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

9%
<11 yrs old
4%
12-17 yrs old
21%
18-34 yrs old
34%
35-64 yrs old
32%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Men's TennisMen's Tennis
  • Skiing/snowboardingSkiing/snowboarding

Where do the neighbors shop?

  • Chico'sChico's
  • Stein MartStein Mart
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • California Pizza KitchenCalifornia Pizza Kitchen
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • CadillacCadillac
  • LincolnLincoln
  • LexusLexus

What do the neighbors listen to?

  • ClassicalClassical
  • NewsNews
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

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Frequently asked questions

About 508 Colony Woods Dr

This home is located at 508 Colony Woods Dr in Chapel Hill, NC and zip code 27517 in the Colony Woods neighborhood. This 2,241 square foot home, which was built in 1973, sits on a 0.29 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 25, 2025 and is currently priced at $569,000.

In March 2025 more than 33 listings in Chapel Hill, NC were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 63 were sold below. The number of homes for sale in Chapel Hill, NC increased by 37.3% between February and March 2025. Listings spent 41 days on the market in March 2025, and had a median list price of $656,708 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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