Transition to comfort and affordability with a move to a duplex or townhome. Colony Lake offers easy living with easy access to the busline and Chapel Hill attractions. Sidewalks, greenways and the namesake lake make this subdivision a pleasant retreat. Durham, Raleigh and major thoroughfares are not far off.
Colony Lake Statistics from the Triangle Multiple List Service
In 2006, 17 houses were sold in Colony Lake. Of these, the average house was a 1194 square foot, 2 bedroom 1 bath home selling for $161,326. Average time on market was only 45 days, slightly below the Chapel Hill market average of 60 days.
Chapel Hill Statistics
In 2006, 479 condos and townhomes were sold in Chapel Hill. Of these, the average house was a 1493 square foot, 2 bedroom 1 bath home selling for $249,032. Average time on market was 60 days.