214 Hillsborough is a beautifully preserved home nestled on a premium lot in the Franklin-Rosemary Historic District of Chapel Hill. Showcasing timeless Colonial architecture, a style that has remained popular on the East Coast since the 1600s, this home seamlessly blends historic charm with modern convenience. Located in the Residential-2 zoning district, the property offers remarkable flexibility, allowing single- family with an accessory apartment, single-family with cottage, two-family attached, and two-family detached homes according to the Land Use Management Ordinance. The updated kitchen is a chef's dream, providing ample space for cooking and entertaining. The generously sized rooms, updated secondary baths, and stunning hardwood floors ensure a comfortable and elegant living experience. Additional highlights include a basement and attic for storage, generous parking, and a detached studio--ideal for exercise, creative projects, or generating rental income. This exceptional property is more than a home; it's an opportunity to enjoy a unique combination of beauty, functionality, and investment potential. A must-see!