Grand Oak Estates is a beautiful neighborhood located just north of Chapel Hill in the nearby town of Hillsborough. Located just minutes from both I-85 and I-40, Grand Oak Estates is a popular residence for those who want access to both Durham and Chapel Hill as well as the privacy, quiet and value of a Hillsborough address.
Grand Oak Estates mainly consists of unique traditional and transitional homes that were built in the 1990's. Homes in this community generally sit on large lots between 1.5 and 2.0 acres. Homes in Grand Oak Estates feature such amenities as 10+ foot ceilings, hardwood floors, large master bed/bath suites, crown mouldings, solid surface countertops, wet bars, stone fireplaces and built-in bookshelves.
Grand Oak Estates Statistics from the Triangle Multiple List Service
In 2006, 8 houses were sold in Grand Oak Estates. Of these, the average house was a 2780 square foot, 3 bedroom 2.5 bath home selling for $339,443. Average time on market was 46 days, far below the Orange County market average of 68 days.
Orange County Statistics
In 2006, 1120 houses were sold in Orange County. Of these, the average house was an 2364 square foot, 3 bedroom 2 bath home selling for $363,480. Average time on market was 68 days.