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212 Whirlaway Lane
Chapel Hill, NC 27516
Cary Greenleaf with Hodge&KittrellSothebysIntlRlty, original listing - (919) 800-0799
$1,950,000
Conventional
Property
Bedroom
5
Bathroom
Full: 6, ½: 1
Property Type
Conventional
Square ft
9067.7 Square Feet
Property Description
Timeless Elegance in Triple Crown Estates A Masterpiece of Refined Living - 9,000 Square Feet of Uncompromising Luxury in the coveted Chapel Hill- Carrboro school system. Nestled on just over three meticulously manicured acres within the prestigious Triple Crown Estates, this magnificent all-brick manor stands as a testament to extraordinary craftsmanship and discerning taste. The residence commands attention with its intelligent yet cozy design, soaring 10-foot ceilings, exquisite architectural moldings, and sumptuous finishes that marry elegance with warmth throughout its 9,068 square feet of living space. The estate's grounds present a serene sanctuary, where a covered deck with graceful arbor and an expansive back patio illuminated by extensive landscape lighting overlook a verdant landscape. The park-like setting features countless specimen trees and shrubbery representing more than 30 botanical varieties, creating a seamless harmony between architectural grandeur and natural beauty. Upon crossing the threshold, guests are welcomed by a breathtaking double-height foyer with a sweeping dual staircase adorned with detailed wood and iron balustrades. The main level unfolds where formal living and dining areas flow effortlessly into an expansive family gathering space with convenient access to both the rear stairwell and outdoor entertaining areas. A secluded main-level guest suite offers the versatility of a secondary primary retreat, while a stately office showcases bespoke built-in cabinetry. The culinary heart of the home reveals GE Monogram and Miele appliances, complemented by an impressive center island with bar seating for four. Level 5 custom cabinetry with intuitive pull-out storage, a generous breakfast area, and a dedicated walk-in pantry define this gourmet kitchen designed for both everyday living and sophisticated entertaining. The upper level houses a magnificent owner's retreat featuring a private sitting room, trio of walk-in closets (one with integrated wall safe), and versatile flex space ideal for a nursery, second office, art studio, or meditation sanctuary. The lavish primary bath offers dual vanities, separate water closets, a therapeutic spa tub, and an oversized shower with dual fixtures. Three additional ensuite bedrooms with high end finishes and a generous bonus room which can function as a playroom, complete this level. Descending to the 3,000 square foot lower level reveals entertainment spaces of distinction—a game room with fireplace accommodating billiards, cards, and foosball; a theater room with luxurious theater-style seating for twelve; a fitness center with adjoining sauna; and a full bath. Practical considerations include a workshop/utility area and a security command center with interior and exterior monitoring systems. The residence's infrastructure reflects an unwavering commitment to excellence: whole house spray foam insulation, comprehensive drainage with dual sump pumps, Carrier furnaces, Rheem air conditioning, a Honeywell Total Dry whole-house dehumidification system, and programmable Nest climate controls. In addition, the house has been equipped with a 22kW Generac generator, ethernet cabling, and a ready-to-use Ubiquiti Unifi WiFi system. The oversized garage features an 8,000 lb. car lift expanding parking capacity to four vehicles, pristine epoxy flooring, custom storage solutions, and an electric vehicle charging station is installed adjacent to the garage at the top of the exposed aggregate concrete driveway. . This rare offering masterfully balances grandeur with intimacy, luxury with functionality—an ideal setting for multi-generational living and sophisticated entertaining. A legacy estate awaiting its next steward.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2009
MLS Number
--
Location
Address
212 Whirlaway Lane
City
Chapel Hill
State
NC
Zip Code
27516
County
ORANGE
Listing
Name
Phone
(919) 904-1789
Office Name
Office Phone
(919) 800-0799
Agent Name
Cary Greenleaf
Agency Phone
(919) 800-0799

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.