Cole Place Townhomes are a great value because they offer a nice balance between price, amenities and location.
Cole Place Townhomes are typically 2-3 bedroom, 2.5 bath homes with 1 car garages. With pricing generally ranging around $100/square foot, these homes are below the average price/square foot for Chapel Hill. In addition to their great price point, these homes were constructed very recently (2004-2005), so they require very little maintenance compared with other Townhome and Condo communities.
Located only 5 miles from the UNC campus and very close to shopping and restaurants, Cole Place offers Chapel Hill living, but with Chatham county taxes!
Cole Place Statistics from the Triangle Multiple List Service
In 2006, 18 homes were sold in Cole Place. Of these, the average house was a 1417 square foot, 2 bedroom 1 bath home selling for $152,408. Average time on market was only 60 days, right at 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.