NOT LISTED FOR SALE

1505 Patterson Grove Rd Apex, NC 27502

Estimated Value: $551,000 - $596,409

4 Beds
2.5 Baths
2,207 Sq Ft
$263/Sq Ft Est. Value

Last Sold March 13, 2023

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

Est. 11% increase in value since last sale

Current estimated payment $3,485/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 Agent to Sell the Property

James Banks

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

Last Buyer's Agent

Sharon Evans

EXP Realty LLC License #172983

EXP Realty LLC

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%
Views
68
Current Estimated Value
$581,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,102
Avg. Annual Appreciation
4.08%
Original Mortgage
$393,750
Outstanding Balance
$348,991
Interest Rate
5.17%
Mortgage Type
New Conventional
Estimated Equity
$232,111

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
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
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 $215,100
Previous Owner Roach James P $154,500
Previous Owner Butler Kevin P $176,000
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
2025 $4,584 $522,711 $180,000 $342,711
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

  • James Banks

    Seller's Agent in 2023

    James Banks

    Banks Residential

    (919) 916-8359

    2 in this area

    112 Total Sales

    James Banks
    Section Image
  • Sharon Evans

    Buyer's Agent in 2023

    Sharon Evans

    EXP Realty LLC

    (919) 271-3399

    20 in this area

    1,015 Total Sales

    Sharon Evans
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2489212

Doorify MLS

APN: 0732.03-41-5440-000

North Carolina Wake County Apex 27502

1505 Patterson Grove Rd, Apex, NC

This home is located at 1505 Patterson Grove Rd, Apex, NC 27502 since 05 January 2023 and is currently estimated at $581,102, approximately $263 per square foot. This property was built in 1999. 1505 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.

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