Score
0Hillsborough, NC
509 Terrell Rd
291K
2 beds
2 baths
1,064 sqft
2 bd • 2 ba • 1,064 sf
This analysis was generated on 1/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$291,100
Price/Sq.Ft
$274
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 509 Terrell Rd, Hillsborough, NC offers excellent value at $273.59/sqft, which is approximately 18% below the average two-bedroom rental rate of $1,315/month in the area. Its location in a heavily wooded neighborhood provides a serene, natural setting with ample privacy. The aerial image shows good proximity to main roads, suggesting convenient access to amenities. With 2 bedrooms and 2 bathrooms in 1,064 sqft, the layout is efficient for its size. The median income of $88,767 in the area indicates a stable local economy, potentially supporting property values.
The Bad
The property lacks detailed information on its features, utilities, and systems, which raises concerns about its condition and potential hidden issues. The unknown year built could indicate an older home requiring significant updates or maintenance. At 1,064 sqft, it's smaller than many family homes, potentially limiting its appeal to a broader market. The absence of listed features suggests possible outdated amenities or lack of modern conveniences. The aerial view shows a densely populated area, which might impact privacy and noise levels despite the wooded setting.
The Ugly
The lack of a property description and detailed information is a major red flag, potentially hiding serious issues or deferred maintenance. Without knowing the year built or the condition of major systems (HVAC, roof, plumbing), buyers face significant uncertainty and risk. The property's smaller size compared to typical family homes in the area could lead to below-average appreciation. The densely wooded area, while providing privacy, may also present higher risks of tree damage, increased maintenance costs for leaf removal, and potential pest issues. The competitive nature of Hillsborough's real estate market, as mentioned in the local context, could lead to hasty decisions without proper due diligence, especially given the limited information available about this property.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for first-time homebuyers, young professionals, or small families with a household income around $70,000-$80,000 (based on a 28% front-end DTI ratio for a $291,100 home). It's ideal for those prioritizing a quiet, nature-surrounded setting while maintaining proximity to urban amenities. Investors looking for rental properties might find the price point attractive, with potential for a cap rate of approximately 5.4% based on the area's average two-bedroom rental rate of $1,315/month.
Not For
This property is not suitable for larger families needing 3+ bedrooms or more than 1,064 sqft of living space. It's also not ideal for buyers seeking modern, updated homes with known histories and clear documentation of recent improvements. Luxury home buyers or those requiring high-end amenities would likely find this property lacking. Risk-averse investors or those unable to handle potential major repairs or renovations should avoid this property given the lack of information about its condition and systems.
Demographics
Area Median Income
$88,767
Property History
Price History
Ownership Timeline
$210,000Financed
Oct 5, 2021Rc Neighbours LlcJeffrey A Volkheimer, Nathalie Bouskela
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Dec 18, 2018William R Neighbours, Michael C NeighboursR C Neighbous Llc
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.0/10
AverageMiddle
4.0/10
AverageHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$1,315
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$291,100
Price/sqft
$274
Layout
2 bd•2 ba
Stats in the Area
Based on 4 comparable properties nearby
Average Price
$115,175
152.7%
Your price is 152.7% above average
Median Price
$185,700
56.8%
Based on 4 recent sales
Price per Sq.Ft
$196
39.6%
Your price is 39.6% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 120 King Charles Road, Hillsborough, NC 27278 | $195,000 | 1,068 | 3 | 2 | $18333.3% | 11/15/2024 |
| 202 Harper Road, Hillsborough, NC 27278 | $185,700 | 884 | 2 | 1 | $21023.2% | 10/10/2024 |
| 0 King James Street, Hillsborough, NC 27278 | $40,000 | N/A | N/A | N/A | N/A | 7/31/2024 |
| 0 King James Street, Hillsborough, NC 27278 | $40,000 | N/A | N/A | N/A | N/A | 7/31/2024 |
120 King Charles Road, Hillsborough, NC 27278
Price: $195,000
Sq.Ft: 1,068
Beds/Baths: 3/2
$/Sq.Ft:
$18333.3%
Sale Date: 11/15/2024
202 Harper Road, Hillsborough, NC 27278
Price: $185,700
Sq.Ft: 884
Beds/Baths: 2/1
$/Sq.Ft:
$21023.2%
Sale Date: 10/10/2024
0 King James Street, Hillsborough, NC 27278
Price: $40,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 7/31/2024
0 King James Street, Hillsborough, NC 27278
Price: $40,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 7/31/2024
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