NOT LISTED FOR SALE

118 Ridge Lake Dr Apex, NC 27539

Estimated Value: $396,000 - $423,836

4 Beds
2.5 Baths
1,747 Sq Ft
$236/Sq Ft Est. Value

Last Sold June 29, 2021

Last sale price $354,000 $203 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,491/month

2 Days on Market

Highlights

  • Vaulted Ceiling
  • Traditional Architecture
  • Screened Porch
  • Lufkin Road Middle School Rated A
  • Granite Countertops
  • Community Pool

About This Home

As of June 2021

Investor Opportunity in beautiful well-maintained home in sought after Sunset Hills subdivision. 4BR, 2.5BA and 2 car garage! High quality LVP floors throughout first floor, kitchen with granite countertops and TWO pantries. Custom finished screened porch with large fenced yard. Spacious master with vaulted ceilings and 3 add’l BR. Great tenant with lease ending June 2022. Showings only on Sat 6/5 and Sun 6/6 starting @10am. Please provide your highest and best offers by Monday 6/7 at noon.

Last Agent to Sell the Property

Kelly Lam

Triangle Pros Realty, LLC License #288962 Listed on: 06/02/2021

Co-Listed By

Jan Mitchell

Triangle Pros Realty, LLC License #233843

Last Buyer's Agent

Diane Donnelly

RE/MAX United License #237569

RE/MAX United

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,363

Year Built

  • Built in 1998

Lot Details

  • 0.3 Acre Lot
  • Privacy Fence

HOA Fees

  • $37 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,747 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Screened Porch
  • Pull Down Stairs to Attic

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Laundry on upper level
  • Washer

Schools

  • Oakview Elementary School
  • Apex Friendship Middle School
  • Apex Friendship High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • Towne Properties Association
  • Sunset Hills Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,363

Year Built

Built in 1998

Lot Details

0

HOA Fees

$37 per month

Parking

2

Listing Details

  • Year Built: 1998
  • Prop. Type: Residential
  • Co List Office Mls Id: 71697
  • Co List Office Phone: 919-621-0154
  • Subdivision Name: Sunset Hills
  • Above Grade Finished Sq Ft: 1747.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 80.0
  • General Property Information Total Unfinished Area2: 80.0
  • General Property Information Lot Size Dimensions: see survey
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Interior Features BathtubShower Combination: Yes
  • Structure Type Site Built: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Washers: Yes
  • General Property Information Senior Community YN: No
  • Fencing Privacy: Yes
  • General Property Information Above Grade Finished Area: 1747.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 13068.0
  • General Property Information Lot Size Acres: 0.3
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Luxury Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Granite Counters, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Cooktop, Microwave, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Wood Burning
  • Fireplaces: 1
  • Total Bedrooms: 8
  • Appliances Dishwasher: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Cooktop: Yes
  • Fireplace Features:Wood Burning: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Fencing: Privacy
  • Acres: 0.3
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Porch, Screened
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage, Garage Door Opener
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 112.0
  • Association Fee Frequency: Quarterly
  • Association Name: Towne Properties
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Towne Properties
  • Association Amenities:Pool: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 112.0
  • General Property Information:Association Fee Frequency: Quarterly

Schools

  • Ninth Grade High School: Wake - Apex Friendship
  • Middle Or Junior School: Wake - Apex Friendship

Lot Info

  • Lot Dimensions: see survey
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2363.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Wake - Oakview

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jul 25, 2021
Sold by
Desai Ankit and Desai Ankit
Bought by
Desai Ankit and Desai Mruga Ankit
Seller's Agent
Kelly Lam
Triangle Pros Realty, LLC
Buyer's Agent
Diane Donnelly
RE/MAX United
List Price
$309,900
Sold Price
$354,000
Premium/Discount to List
$44,100
14.23%
Current Estimated Value
$412,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,959
Avg. Annual Appreciation
3.63%
Original Mortgage
$254,925
Outstanding Balance
$231,305
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$181,654

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jun 29, 2021
Sold by
Gilpatrick Adam
Bought by
Desai Ankit
Seller's Agent
Kelly Lam
Triangle Pros Realty, LLC
Buyer's Agent
Diane Donnelly
RE/MAX United
List Price
$309,900
Sold Price
$354,000
Premium/Discount to List
$44,100
14.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,925
Outstanding Balance
$231,305
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$181,654

Purchase Details

Closed on
Jun 28, 2017
Sold by
Paladeni Josh D
Bought by
Gilpatrick Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,150
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2007
Sold by
Scales Russell James and Scales Priscilla
Bought by
Paladeni Josh D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2002
Sold by
Rose Rusty W and Rose Suzanne W
Bought by
Scales Russell James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,777
Interest Rate
6.18%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 6, 2000
Sold by
Rose Rusty W
Bought by
Rose Rusty W

Purchase Details

Closed on
Aug 31, 1998
Sold by
D R Horton Inc Torrey Homes
Bought by
Rose Rusty W and Rose Susan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,800
Interest Rate
6.92%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Desai Ankit -- None Listed On Document
Desai Ankit $354,000 None Available
Gilpatrick Adam $237,000 None Available
Paladeni Josh D $195,000 None Available
Scales Russell James $147,500 --
Rose Rusty W $6,000 --
Rose Rusty W $141,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desai Ankit $254,925
Previous Owner Gilpatrick Adam $225,150
Previous Owner Paladeni Josh D $195,000
Previous Owner Scales Russell James $144,777
Previous Owner Rose Rusty W $133,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $354,000 -- --
06/29/2021 06/29/21 Sold $354,000 +14.2% $203 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
06/05/2021 06/05/21 For Sale $309,900 -- $177 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,252 $370,229 $168,000 $202,229
2024 $3,180 $370,229 $168,000 $202,229
2023 $2,643 $239,109 $70,000 $169,109
2022 $2,482 $239,109 $70,000 $169,109
2021 $2,387 $239,109 $70,000 $169,109
2020 $2,363 $239,109 $70,000 $169,109
2019 $2,192 $191,263 $62,000 $129,263
2018 $2,065 $191,263 $62,000 $129,263
2017 $1,923 $191,263 $62,000 $129,263
2016 $1,895 $191,263 $62,000 $129,263
2015 $1,753 $172,570 $42,000 $130,570
2014 $1,690 $172,570 $42,000 $130,570
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kelly Lam

    Triangle Pros Realty, LLC

    (617) 943-8748

    2 in this area

    11 Total Sales

    Kelly Lam
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jan Mitchell

    Triangle Pros Realty, LLC

    (919) 621-0154

    4 in this area

    46 Total Sales

    Jan Mitchell
    Section Image
  • Diane Donnelly

    Buyer's Agent in 2021

    Diane Donnelly

    RE/MAX United

    (919) 740-6518

    7 in this area

    107 Total Sales

    Diane Donnelly
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2386970

Doorify MLS

APN: 0750.03-12-6585-000

North Carolina Wake County Apex 27539

118 Ridge Lake Dr, Apex, NC

This home is located at 118 Ridge Lake Dr, Apex, NC 27539 since 02 June 2021 and is currently estimated at $412,959, approximately $236 per square foot. This property was built in 1998. 118 Ridge Lake Dr is a home located in Wake County with nearby schools including Lufkin Road Middle School, Apex Friendship High School, and Pine Springs Prep Academy.

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