$546,000
SOLD JAN 9, 2025

1700 New Hill Olive Chapel Rd Apex, NC 27502

3 Beds
2 Baths
1,282 Sq Ft
3.02 Acres

Recently Sold

$426 Per Sq Ft

1% Below List Price

12 Days on Market

Highlights

  • 3.02 Acre Lot
  • Deck
  • 1 Fireplace
  • Apex Friendship Middle School Rated A
  • Traditional Architecture
  • No HOA

About This Home

As of January 2025

Welcome to this beautifully updated single-family home nestled on a spacious 3-acre lot in Apex. This home boasts a modern open-concept floor plan that seamlessly connects the living room, kitchen, and dining areas, creating a bright and inviting atmosphere perfect for both daily living and entertaining.
The living room serves as a warm, cozy centerpiece of the home with a wood-burning fireplace, ideal for relaxing evenings. The adjoining kitchen is thoughtfully designed with ample counter space, making it a dream for any chef. Its open layout with the dining area allows for easy hosting and fun gatherings, keeping everyone connected while enjoying meals or conversation.
The 3-acre lot provides ample space for outdoor activities, gardening, and future expansions. With its prime location, updated interiors, and excellent school district of Apex Friendships school, this Apex home is a rare find that combines modern amenities with tranquil living.

Last Agent to Sell the Property

Lili Ball

Allen Tate/Raleigh-Glenwood License #259545 Listed on: 11/09/2024

Allen Tate/Raleigh-Glenwood

Last Buyer's Agent

Raghava Nalamada

RTP REALTY ASSOCIATES LLC License #333818

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,791

Year Built

  • Built in 1976

Lot Details

  • 3.02 Acre Lot
  • Northeast Facing Home

Home Design

  • Traditional Architecture
  • Brick Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,282 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Family Room
  • Luxury Vinyl Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Primary bathroom on main floor

Parking

  • 4 Parking Spaces
  • 4 Open Parking Spaces

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Apex Friendship Elementary And Middle School
  • Apex Friendship High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • New Hope Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0711617855

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,791

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Year Built: 1976
  • Prop. Type: Residential
  • Subdivision Name: New Hope Estates
  • Above Grade Finished Sq Ft: 1282.0
  • Architectural Style: Traditional
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Levels One: Yes
  • Cooling:Electric: Yes
  • Water Source Well: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: Main
  • Other Structures Outbuilding: Yes
  • General Property Information Senior Community YN: No
  • Foundation Details BrickMortar: Yes
  • General Property Information Enhanced Accessible2: No
  • Roof:Shingle: Yes
  • General Property Information Spa YN: No
  • General Property Information Above Grade Finished Area: 1282.0
  • Room Types Primary Bathroom Level: Main
  • Room Types Laundry2: Yes
  • General Property Information Lot Size Square Feet2: 131551.0
  • General Property Information Lot Size Acres: 3.02
  • General Property Information Stories2: 1
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Luxury Vinyl
  • Private Spa: No
  • Appliances: Free-Standing Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Main Level Bathrooms: 3
  • Total Bedrooms: 7
  • Stories: 1
  • Fireplace Features:Fireplaces Total: 1
  • Appliances:Free-Standing Refrigerator: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 3.02
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Direction Faces: Northeast
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Deck
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Total Parking Spaces: 4.0
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 131551.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0711617855
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2791.1
  • Tax Year: 2024
  • Tax Map Number: 5

MLS Schools

  • Elementary School: Wake - Apex Friendship

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2024
Closed on
Nov 14, 2024
Sold by
Rush Virginia and Rush Derek
Bought by
Nalamada Raghava Reddy and Kambalapally Preethi Reddy
Seller's Agent
Lili Ball
Allen Tate/Raleigh-Glenwood
Buyer's Agent
Raghava Nalamada
RTP REALTY ASSOCIATES LLC
List Price
$550,000
Sold Price
$546,000
Premium/Discount to List
-$4,000
-0.73%
Views
30
Current Estimated Value
$542,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,128
Avg. Annual Appreciation
-2.67%
Original Mortgage
$431,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 11, 2022
Closed on
Nov 8, 2022
Sold by
Our Town Capital Llc
Bought by
Rush Virginia and Rush Derek
Seller's Agent
Shanda Heller
RE/MAX United
Buyer's Agent
Tricia Sloan
Berkshire Hathaway HomeService
List Price
$459,000
Sold Price
$455,000
Premium/Discount to List
-$4,000
-0.87%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%
Original Mortgage
$446,827
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2022
Sold by
Degusipe & Harlow Properties Llc
Bought by
Our Town Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,827
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2021
Sold by
Rowe Janet H and Rowe Donald L
Bought by
Degusipe & Harlow Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,900
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 1976
Bought by
Rowe Donald L and Rowe Janet H
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $546,000 None Listed On Document
Warranty Deed $546,000 None Listed On Document
Warranty Deed $455,000 --
Warranty Deed $375,000 --
Warranty Deed $200,000 Accommodation
Deed $36,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $431,000 New Conventional
Previous Owner $446,827 New Conventional
Previous Owner $262,500 Construction
Previous Owner $280,000 New Conventional
Previous Owner $254,900 Commercial
Previous Owner $44,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2025 01/09/25 Sold $546,000 -0.7% $426 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
11/09/2024 11/09/24 For Sale $550,000 +20.9% $429 / Sq Ft
12/15/2023 12/15/23 Off Market $455,000 -- --
11/10/2022 11/10/22 Sold $455,000 -0.9% $355 / Sq Ft
10/25/2022 10/25/22 Pending -- -- --
10/11/2022 10/11/22 For Sale $459,000 -- $358 / 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 $2,791 $446,231 $249,000 $197,231
2023 $1,967 $249,754 $140,000 $109,754
2022 $1,824 $249,754 $140,000 $109,754
2021 $1,775 $249,754 $140,000 $109,754
2020 $1,746 $249,754 $140,000 $109,754
2019 $1,867 $226,102 $140,000 $86,102
2018 $1,717 $226,102 $140,000 $86,102
2017 $1,628 $226,102 $140,000 $86,102
2016 $1,595 $226,102 $140,000 $86,102
2015 $1,363 $193,405 $110,000 $83,405
2014 $1,293 $193,405 $110,000 $83,405
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10062701

Doorify MLS

APN: 0711.04-61-7855-000