University Commons Condos are 4 bedroom, 4 bath homes. These condos are ideal for college students or roomates because each bedroom has a full private bathroom!
These condos were constructed in the late-1990's. The community features a pool and clubhouse. This community is only minutes from the UNC Chapel Hill campus. UNC students love it because it has 2 convenient University bus line stops.
With pricing generally ranging around $110/square foot, these homes are good value for investors or parents of students since they are about $20/square foot below the average price/square foot for Chapel Hill condos and townhomes and the Community's proximity to UNC ensures a steady flow of tenants for the 4 bedroom units.
University Commons Statistics from the Triangle Multiple List Service
In 2006, 4 Condos were sold in University Commons. Of these, the average house was a 1250 square foot, 4 bedroom 4 bath home selling for $141,875. Average time on market was 20 days, well 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.