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Chapel Hill, NC, Chatham County~Governors Park

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Real Estate Agent with Triangle Area Real Estate 146786
Governors Park is one of the Governors community of neighborhoods in Chatham County with a Chapel Hill address. Chatham County taxes are quite a bit lower than the surrounding areas. With about 240 homes Governors Park is located adjacent to Governors Club and across the road from Governors Village and Governors Lake. The homes are priced somewhere between Governors Village (home prices in the upper 300's), and Governors Lake (prices in the 400,000's and low 500,000's). Governors Park prices have been solidly in the 400,000's for the past few years although in the past couple of months I have seen a couple of sales dip down into the upper 300,000's. Governors Park was developed in the late 1990's and lots were initially sold to custom builders. The planned neighborhood concept was new at that time. Governors Park would have homes with big front porches, garages behind the homes, smaller lots, and acres of community parks with amenities. The custom builders did OK with sales considering that starting a new neighborhood with a new concept takes time, but the developer had expected a quicker turnover of lots. The custom builders were pushed out when in around 2001 the remainder of the lots were sold to MI homes, a production builder, who finished up the neighborhood and later went on to build Governors Lake across the street. As you can see from the video MI did a good job of blending the new homes in with the earlier phases and property values increased. Let me know how I can help with your home search and be sure to take a look at my other neighborhood videos. Marianne Howell Wright in Chapel Hill, NC

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