NOT LISTED FOR SALE

1206 Patterson Grove Rd Apex, NC 27502

Estimated Value: $505,000 - $593,000

3 Beds
3 Baths
1,742 Sq Ft
$322/Sq Ft Est. Value

About This Home

This home is located at 1206 Patterson Grove Rd, Apex, NC 27502 and is currently estimated at $561,220, approximately $322 per square foot. 1206 Patterson Grove Rd is a home located in Wake County with nearby schools including Olive Chapel Elementary School, Lufkin Road Middle School, and Apex Friendship High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2025
Sold by
Otte Martin J
Bought by
Otte Martin J and Bartlett Denise M
Current Estimated Value
$561,220

Purchase Details

Closed on
Sep 19, 2013
Sold by
Spero Tanya L and Otte Tanya
Bought by
Otte Martin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2011
Sold by
Otte Martin J and Otte Tanya L
Bought by
Otte Martin J and Otte Tanya L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 1998
Sold by
F & L Developers Inc
Bought by
Otte Martin J and Spero Tanya L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,555
Interest Rate
7.14%

Purchase Details

Closed on
Oct 16, 1997
Sold by
Snyder Hunt Of North Carolina Inc
Bought by
F & L Developers Inc and R W Lee Homes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,179
Interest Rate
7.55%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Otte Martin J -- None Listed On Document
Otte Martin J -- None Listed On Document
Otte Martin J -- None Available
Otte Martin J -- None Available
Otte Martin J $174,000 --
F & L Developers Inc $37,000 --
F & L Developers Inc $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Otte Martin J $200,000
Previous Owner Otte Martin J $111,000
Previous Owner Otte Martin J $100,000
Previous Owner Otte Martin J $151,000
Previous Owner Otte Martin J $156,555
Previous Owner F & L Developers Inc $338,179
Previous Owner F & L Developers Inc $37,817
Source: Public Records

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
2024 $4,422 $515,809 $180,000 $335,809
2023 $3,611 $327,365 $88,000 $239,365
2022 $3,390 $327,365 $88,000 $239,365
2021 $3,261 $327,365 $88,000 $239,365
2020 $3,228 $327,365 $88,000 $239,365
2019 $3,123 $273,213 $88,000 $185,213
2018 $2,942 $273,213 $88,000 $185,213
2017 $2,738 $273,213 $88,000 $185,213
2016 $2,699 $273,213 $88,000 $185,213
2015 $2,622 $259,049 $72,000 $187,049
2014 -- $259,049 $72,000 $187,049
Source: Public Records

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