NOT LISTED FOR SALE

1440 Brown Velvet Ln Apex, NC 27523

West Apex Neighborhood

Estimated Value: $1,401,000 - $1,632,000

-- Bed
1 Bath
5,320 Sq Ft
$290/Sq Ft Est. Value

About This Home

This home is located at 1440 Brown Velvet Ln, Apex, NC 27523 and is currently estimated at $1,543,395, approximately $290 per square foot. 1440 Brown Velvet Ln is a home 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
Apr 22, 2020
Sold by
Elm Street Builders Llc
Bought by
Federico Michelle and Edery Ariel
Current Estimated Value
$1,543,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$485,778
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$1,007,330

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
Federico Michelle $740,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Federico Michelle $540,000
Previous Owner Elm Street Builders Llc $538,500
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 $13,481 $1,577,201 $240,000 $1,337,201
2023 $8,560 $778,521 $140,000 $638,521
2022 $8,035 $778,521 $140,000 $638,521
2021 $7,727 $778,521 $140,000 $638,521
2020 $4,365 $778,521 $140,000 $638,521
2019 $625 $55,000 $55,000 $0
2018 $588 $55,000 $55,000 $0
2017 $0 $55,000 $55,000 $0
Source: Public Records

Map

North Carolina Wake County Apex 27523 West Apex

1440 Brown Velvet Ln, Apex, NC

Homes for Sale in Apex, NC

This home is located at 1440 Brown Velvet Ln, Apex, NC 27523 and is currently estimated at $1,543,395, approximately $290 per square foot. 1440 Brown Velvet Ln is a home with nearby schools including Olive Chapel Elementary School, Lufkin Road Middle School, and Apex Friendship High School.

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