NOT LISTED FOR SALE

1505 Patterson Grove Rd Apex, NC 27502

Estimated Value: $544,000 - $598,824

4 Beds
2.5 Baths
2,207 Sq Ft
$261/Sq Ft Est. Value

Last Sold March 13, 2023

Last sale price $525,000 $238 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,634/month

29 Days on Market

Highlights

  • Clubhouse
  • Transitional Architecture
  • 1 Fireplace
  • Olive Chapel Elementary School Rated A
  • Wood Flooring
  • Community Pool

About This Home

As of March 2023

Gorgeous home in desirable Pearson Farms featuring Hardwood floors and Granite Countertops. Private dining room with bay window. Separate living room. Family room w/ fireplace. Spacious kitchen w/ lots of cabinet space and center island. Tons of natural light. Master suite w/ trey ceiling, walk in closet, double vanities & whirlpool tub. Huge bonus room/4th Bedroom w/ window seat & built in bookshelves. Beautiful landscaping on over .25 acre lot w/ flat back yard space. Community pool, tennis, & walking trails.

Last Listed By

James Banks

Banks Residential License #275574 Listed on: 01/05/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,413

Year Built

  • Built in 1999

Lot Details

  • 0.28 Acre Lot

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Transitional Architecture
  • Vinyl Siding

Interior Spaces

  • 2,207 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Olive Chapel Elementary School
  • Lufkin Road Middle School
  • Apex Friendship High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

Overview

  • Ppm Association
  • Pearson Farms Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,413

Year Built

Built in 1999

Lot Details

0

HOA Fees

$35 per month

Parking

2

Listing Details

  • Year Built: 1999
  • Prop. Type: Residential
  • Subdivision Name: Pearson Farms
  • Above Grade Finished Sq Ft: 2207.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see survey attached
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Flooring Vinyl: Yes
  • General Property Information Above Grade Finished Area: 2207.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 12196.8
  • General Property Information Lot Size Acres: 0.28
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile, Vinyl
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Total Bedrooms: 8
  • Community Features:Street Lights: Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.28
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 35.0
  • Association Fee Frequency: Monthly
  • Association Name: PPM
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: PPM
  • Association Amenities:Pool: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 35.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Dimensions: see survey attached
  • Lot Size Sq Ft: 12196.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3413.0

MLS Schools

  • Elementary School: Wake - Olive Chapel

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Mar 13, 2023
Sold by
Jung Marcela and Jung Douglas
Bought by
Paganotti John Vincent and Paganotti Lisa Ann
Seller's Agent
James Banks
Banks Residential
Buyer's Agent
Sharon Evans
EXP Realty LLC
List Price
$555,000
Sold Price
$525,000
Premium/Discount to List
-$30,000
-5.41%
Total Days on Market
29
Views
68
Current Estimated Value
$576,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,206
Avg. Annual Appreciation
4.32%
Original Mortgage
$393,750
Outstanding Balance
$355,501
Interest Rate
5.17%
Mortgage Type
New Conventional
Estimated Equity
$220,705

Purchase Details

Closed on
Aug 31, 2017
Sold by
Mitchell Eric and Mitchell Morgan
Bought by
Jung Douglas and Jung Marcela

Purchase Details

Closed on
Jun 3, 2015
Sold by
Ricks Eric A and Ricks Denise E
Bought by
Mitchell Eric and Mitchell Morgan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 11, 2005
Sold by
Roach James P and Roach Ladeana M
Bought by
Ricks Eric A and Ricks Denise E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,100
Interest Rate
4.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 12, 2004
Sold by
Butler Kevin P and Butler Suzanne M
Bought by
Roach James P and Roach Ladeana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,500
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2003
Sold by
Butler Kevin P and Butler Suzanne M
Bought by
Butler Kevin P and Butler Suzanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 1999
Sold by
F & L Developers Inc
Bought by
Butler Kevin P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,450
Interest Rate
7.66%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 23, 1999
Sold by
Hhhunt Of North Carolina Inc
Bought by
F & L Developers Inc and R W Lee Homes

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in the area

  • 1420 Willow Leaf Way, Apex, NC 27502

    $649,000

    • 3 Beds
    • 2.5 Baths
    • 2,314 Sq Ft
    • 1420 Willow Leaf Way
    • Apex, NC

    Charming home in sought-after Dogwood Ridge with timeless curb appeal, white picket fence & brick sidewalk entry! 3BR, 2.5BA, 2,314 sq ft with 1st-floor owner's suite featuring jetted tub, tiled shower, dual vanity & walk-in closet. Two-story grand foyer, vaulted family room with gas fireplace & catwalk overlook. Bright kitchen with quartz counters, gas range, bar seating & breakfast nook. Formal

    Jennifer Coleman Coldwell Banker Advantage

    Section Image
  • 2008 Stanwood Dr, Apex, NC 27502

    $699,700

    • 3 Beds
    • 2.5 Baths
    • 2,600 Sq Ft
    • 2008 Stanwood Dr
    • Apex, NC

    Nestled near historic downtown Apex, discover tranquility in a charming home on a serene cul-de-sac in Salem Village. Adjacent to a scenic walking trail and pond, this property boasts mature flowering gardens and a private screened porch—perfect for savoring your morning coffee or unwinding with an evening glass of wine. Inside, an open floorplan floods with natural light, highlighting a chef's

    Patrick Cullnan eXp Realty, LLC - C

    Section Image
  • 1126 Russet Ln, Apex, NC 27523

    $625,000

    • 4 Beds
    • 4 Baths
    • 2,520 Sq Ft
    • 1126 Russet Ln
    • Apex, NC

    Back on the Market to no fault of the Sellers - the Buyer had personal reasons to terminate. Welcome to this stunning Charleston inspired 4-bedroom, 4-bath home with a huge loft in the highly sought-after Sweetwater neighborhood in Apex, NC! The covered front porch adorned with jasmine vines will be a favorite of yours! Bright and spacious, this open floor plan offers room for every need and

    Nancy Grace Choice Residential Real Estate

    Section Image
  • 1272 Brown Velvet Ln, Apex, NC 27523

    $500,000

    • 4 Beds
    • 3.5 Baths
    • 2,156 Sq Ft
    • 1272 Brown Velvet Ln
    • Apex, NC

    Welcome to 1272 Brown Velvet Lane, a beautifully maintained home in the heart of Sweetwater—one of Apex's most walkable and amenity-rich neighborhoods. Built in 2018 and thoughtfully updated, this 3-story single-family home offers 2,100 square feet of versatile living space, 4 spacious bedrooms, and 3.5 bathrooms—all nestled on a manageable 0.07-acre lot.From the moment you arrive, the home's

    Jennifer Coleman Coldwell Banker Advantage

    Section Image
  • 524 Rowanwood Way, Apex, NC 27523

    $665,000

    • 4 Beds
    • 3 Baths
    • 2,461 Sq Ft
    • 524 Rowanwood Way
    • Apex, NC

    BEAUTIFUL MIDDLETON SUBDIVISION! OFFERING 4 BEDS, 3 FULL BATH, 1ST FLOOR GUEST SUITE, HAND SCRAPED HARDWOOD FLOORS, TILE FLOORING IN THE BATHROOMS, CROWN MOLDING, TRANSOM WINDOWS, MUD ROOM WITH SEATED BENCH, MASSIVE LAUNDRY ROOM WITH STORAGE CLOSET AND CABINETS, UTILITY SINK, WHITE CABINETS, GRANITE COUNTER TOPS, UNDER CABINET LIGHTING, SS APPLIANCES, GAS COOK TOP WITH RANGE HOOD, WALL OVEN

    Alex Rivers Imagination Homes LLC

    Section Image
  • 1100 Dotson Way, Apex, NC 27523

    $715,000

    • 4 Beds
    • 4.5 Baths
    • 3,641 Sq Ft
    • 1100 Dotson Way
    • Apex, NC

    Welcome to this stunning 4-bedroom, 4.5-bath home featuring an open floor plan and and fresh paint throughout! Enjoy brand-new LVP flooring and plush new carpet, adding warmth and elegance to the space. The main-level primary suite offers convenience and privacy, while the fully finished basement provides multigenerational living potential with a flex room, recreation room (perfect as a living

    Renee Rogers Keller Williams Legacy

    Section Image
  • 2501 Impulsion Dr, New Hill, NC 27562

    $650,000

    • 3 Beds
    • 3 Baths
    • 2,410 Sq Ft
    • 2501 Impulsion Dr
    • New Hill, NC

    Immaculate, charming, and full of character, this home blends comfort with effortless style. The open-concept main-floor living layout flows seamlessly from the kitchen to the living area and sunroom—perfect for entertaining or just relaxing.Chef's kitchen: Granite counters, stainless steel appliances (gas stove, range hood, built-in microwave), and a huge island with bar seating make it a dream

    Kristine Cuddy Keller Williams Elite Realty

    Section Image
  • 2634 Turner Pines Dr, New Hill, NC 27562

    $669,000

    • 4 Beds
    • 3 Baths
    • 2,811 Sq Ft
    • 2634 Turner Pines Dr
    • New Hill, NC

    FOR JUST THE FACTS, SCROLLWANT THE STORY? Read on: NO. It's not Apex! It's NEW HILL, where residents get to enjoy all the conveniences, dining, and shopping nearby, while remaining sovereign and at peace. Tucked enough away to feel like a retreat, but close enough to the action, New Hill is making its entrance- quietly, confidently. No fanfare, no flashing lights—just big skies, peaceful vibes,

    Erin Daniel Compass -- Chapel Hill - Durham

    Section Image
  • 3727 Horton Hill Dr, New Hill, NC 27562

    $660,000

    • 4 Beds
    • 3 Baths
    • 2,733 Sq Ft
    • 3727 Horton Hill Dr
    • New Hill, NC

    Home is where the heart is at heavenly Horton Hill. This magnificent single family property, nestled deep within the coveted Jordan Pointe community, is sure to make you fall head over heels. Exquisitely fitted and meticulously maintained, options and upgrades unveil themselves at every turn. Whip up your culinary fantasies in the beautifully appointed chef's kitchen, complete with SS appliances,

    Johnny Chappell Compass -- Raleigh

    Section Image

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
Paganotti John Vincent $525,000 --
Jung Douglas $325,000 None Available
Mitchell Eric $283,000 Attorney
Ricks Eric A $239,000 --
Roach James P $234,500 --
Butler Kevin P -- --
Butler Kevin P $191,500 --
F & L Developers Inc $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paganotti John Vincent $393,750
Previous Owner Mitchell Eric $250,000
Previous Owner Ricks Eric A $188,000
Previous Owner Ricks Eric A $215,100
Previous Owner Roach James P $154,500
Previous Owner Butler Kevin P $176,000
Previous Owner Butler Kevin P $178,400
Previous Owner Butler Kevin P $35,000
Previous Owner Butler Kevin P $181,450
Closed Butler Kevin P $9,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $525,000 -- --
03/13/2023 03/13/23 Sold $525,000 0.0% $238 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
02/07/2023 02/07/23 Price Changed $525,000 -5.4% $238 / Sq Ft
01/12/2023 01/12/23 For Sale $555,000 -- $251 / 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
2024 $4,481 $522,711 $180,000 $342,711
2023 $3,636 $329,656 $88,000 $241,656
2022 $3,414 $329,656 $88,000 $241,656
2021 $3,284 $329,656 $88,000 $241,656
2020 $3,251 $329,656 $88,000 $241,656
2019 $3,172 $277,496 $88,000 $189,496
2018 $2,988 $277,496 $88,000 $189,496
2017 $2,781 $277,496 $88,000 $189,496
2016 $2,741 $277,496 $88,000 $189,496
2015 $2,644 $261,182 $72,000 $189,182
2014 $2,548 $261,182 $72,000 $189,182
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2489212

Doorify MLS

APN: 0732.03-41-5440-000