2516 Homestead Rd is a house on a 8.17 acre lot. - it last sold on June 30, 2023 for $1,530,000. Based on Redfin's Chapel Hill data, we estimate the home's value is $1,433,608.
Single-familyProperty Type
8.17 acresLot Size
Source:Public Records
Redfin Estimate
$1,433,608
$96K since sold in June 2023$19K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 53.1% higher than the average sale price ($936K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R-5-CZD
Residential Districts
The residential districts are intended to provide for residential development of appropriate intensities consonant with the suitability of land, availability of public services, accessibility to major activity centers and transportation systems, and compatibility with surrounding development.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Educational / school
Oct 4, 2028 • Active
Well permit - abandonment
Abandon an existing drilled well on the site.
Demolition
Aug 9, 2025 • Final
Land disturbing
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Exterior
Property Information
Legal Description: N/O SR 1777
Lot Information
Land Sq. Ft: 355,885
Municipality Name: CHAPEL HILL TWP
Acres: 8.17
County Use Description: RESIDENTIAL- IMPROVED
Financial
Assessor Information
Assessment Year: 2024
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 8.17 acres
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Orange County
APN: 9880028073
Home facts updated by county records on Nov 11, 2025
Around this home
Schools
Elizabeth Seawell Elementary School
Public PreK-5 • Assigned • 1.2mi
6/10
R D And Euzelle Smith Middle School
Public 6-8 • Assigned • 1.1mi
8/10
Chapel Hill High School
Public 9-12 • Assigned • 1.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Chapel Hill, NC • 27516
Average low and high temperatures (°F)
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Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.36M – $1.65M
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