Cottage / Storybook home in Chapel Hill, NC
This 5,144-square-foot Cottage home in Chapel Hill, NC includes 4 bedrooms and 6 bathrooms. The Cottage styling carries through the home's design.
| Price | $2,900,000 |
|---|
| Beds | 4 |
|---|
| Baths | 6 |
|---|
| Sqft | 5144 |
|---|
| Architectural style | Cottage / Storybook (40% match) |
|---|
| Address | 977 Windy Ridge Rd, Chapel Hill, NC 27517 |
|---|
Why buy this home
- Confirmed Cottage / Storybook architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced above comparable homes.
- At $2.9M, this home is 331% above the $673K median for 80 similar Cottage / Storybook homes in Chapel Hill, NC.
- That works out to $564 per square foot, 83% above the $309 comparable rate.
- On the market 138 days, which is a long time; sellers are often flexible at this point.
| This home | $2,900,000 |
|---|
| Cottage / Storybook median in Chapel Hill, NC | $672,500 (80 homes) |
|---|
| Price per sq ft | $564 vs. $309 comps median |
|---|
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 $18,943/month with 20% down at a 7.28% 30-year fixed rate. You would need about $811,838 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $15,874/mo |
|---|
| Property tax (new-buyer reassessed rate) | $1,982/mo |
|---|
| Homeowners insurance | $1,087/mo |
|---|
| Total monthly | $18,943/mo |
|---|
| Down payment (20%) | $580,000 |
|---|
| Income needed | $811,838/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (54 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- (54/100) |
|---|
| Beats renting in | 6% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $1,188,042 |
|---|
| Range (10th to 90th pct) | $656,575 to $1,822,378 |
|---|
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 Zillow