Colonial home in 704 Bowden Rd Chapel Hill, NC
This 3,662-square-foot Colonial home in Chapel Hill, NC includes 4 bedrooms and 4 bathrooms. The Colonial styling carries through the home's design.
| Price | $1,195,000 |
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| Beds | 4 |
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| Baths | 4 |
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| Sqft | 3662 |
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| Architectural style | Colonial (80% match) |
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| Address | 704 Bowden Rd Chapel Hill, NC 27516 |
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Why buy this home
- Confirmed Colonial architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced above comparable homes.
- At $1.2M, this home is 59% above the $750K median for 55 similar Colonial homes in Chapel Hill, NC.
- That works out to $326 per square foot, 25% above the $261 comparable rate.
- On the market 13 days.
| This home | $1,195,000 |
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| Colonial median in Chapel Hill, NC | $749,999 (55 homes) |
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| Price per sq ft | $326 vs. $261 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $7,806/month with 20% down at a 7.28% 30-year fixed rate. You would need about $334,533 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $6,541/mo |
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| Property tax (new-buyer reassessed rate) | $817/mo |
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| Homeowners insurance | $448/mo |
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| Total monthly | $7,806/mo |
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| Down payment (20%) | $239,000 |
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| Income needed | $334,533/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (53 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C- (53/100) |
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| Beats renting in | 6% of modeled paths |
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| Modeled 5-yr equity (median) | $481,058 |
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| Range (10th to 90th pct) | $269,961 to $742,030 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Movoto