Colony Lake is a great little neighborhood in a great East Chapel Hill location. Convenient to UNC, Duke, I-40 and RTP, Colony Lake offer both great value and location.
Colony Lake consists primarily of starter homes between 1,200 and 1,800 square feet. These homes were constructed in the early-mid 1990's. Located in the desireable East Chapel Hill School district, Colony Lake is a great place for young families.
Colony Lake Statistics from the Triangle Multiple List Service
In 2006, 8 houses were sold in Colony Lake. Of these, the average house was a 1548 square foot, 3 bedroom 2 bath home selling for $222,312. Average time on market was 48 days, far below the Chapel Hill market average of 60 days.
Chapel Hill Statistics
In 2006, 687 homes were sold in Chapel Hill. Of these, the average house was a 2593 square foot, 3 bedroom 2 bath home selling for $440,795. Average time on market was 60 days.