404 Merritt Mill Rd
Chapel Hill, NC 27516
6 bd 4 ba 2,693 sqft Built 1987 Lot 8,712 sqft single_family
Most recent sale
$700,000
Oct 4, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 4, 2022 | Sold | $700,000 | Public Record |
| Jul 20, 2022 | Listed | $750,000 | MLS #2463388 |
| Jun 18, 1998 | Sold | $263,000 | Public Record |
| May 18, 1998 | Sold | $263,000 | DoorifyMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $388,600 | $270,000 | $658,600 | $8,729 |
| 2023 | $275,100 | $92,000 | $367,100 | $6,139 |
| 2022 | $275,100 | $92,000 | $367,100 | $5,886 |
| 2021 | $275,100 | $92,000 | $367,100 | $5,811 |
| 2020 | $254,900 | $105,000 | $359,900 | $6,055 |
| 2019 | $254,900 | $105,000 | $359,900 | $6,055 |
| 2018 | $254,900 | $105,000 | $359,900 | $5,916 |
| 2017 | $254,900 | $105,000 | $359,900 | $5,794 |
| 2016 | $279,366 | $87,104 | $366,470 | $6,087 |
| 2015 | $279,366 | $87,104 | $366,470 | $6,087 |
| 2014 | $279,366 | $87,104 | $366,470 | $6,043 |
| 2013 | $279,366 | $87,104 | $366,470 | $5,931 |
| 2012 | $279,366 | $87,104 | $366,470 | $5,822 |
| 2011 | $279,366 | $87,104 | $366,470 | $5,817 |
| 2010 | $279,366 | $87,104 | $366,470 | $5,812 |
| 2009 | $279,366 | $87,104 | $366,470 | $5,645 |
| 2008 | $241,435 | $65,988 | $307,423 | $5,561 |
| 2007 | $241,435 | $65,988 | $307,423 | $5,150 |
Property facts
Year built
1987
Property type
single_family
Stories
2
Beds
6
Baths
4
Living area
2,693 sqft
Lot size
8,712 sqft
ZIP code
27516
City
Chapel Hill
Street
Merritt Mill Rd
Coordinates
35.90668, -79.06415
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,636
Gross rental yield
6.23%
Implied cap rate
4.05%
Trend-extrapolated value
—
Frequently asked questions
When did 404 Merritt Mill Rd last sell?
404 Merritt Mill Rd most recently sold on Oct 4, 2022 for $700,000.
What is the current tax assessment for 404 Merritt Mill Rd?
The most recent total assessment for 404 Merritt Mill Rd (year 2025) is $658,600 with $8,729 in property tax.
How does 404 Merritt Mill Rd's assessment compare to its last sale price?
The current assessment is 5.9% below the last sale price of $700,000.
When was 404 Merritt Mill Rd built?
404 Merritt Mill Rd was built in 1987.
How does 404 Merritt Mill Rd compare to others on Merritt Mill Rd?
We track 8 other properties on Merritt Mill Rd. Browse the list under "Other properties on Merritt Mill Rd" to compare beds, baths, and sale history.
What are the property facts for 404 Merritt Mill Rd?
404 Merritt Mill Rd is a 6 bed, 4 bath, 2,693 sqft, 8,712 sqft lot single_family.
Is 404 Merritt Mill Rd a flip candidate?
No — 404 Merritt Mill Rd does not appear in our flips dataset.
Is 404 Merritt Mill Rd a tax-appeal candidate?
No — 404 Merritt Mill Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.4%
Implied 1-yr
-5.7%
2026 Q3
$621.9K
2026 Q4
$612.1K
ZIP 27516 — Median Price History + Forecast
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