2224 Olive Chapel Rd Apex, NC 27502
West Apex NeighborhoodEstimated Value: $557,000 - $671,000
3
Beds
2
Baths
2,093
Sq Ft
$295/Sq Ft
Est. Value
Highlights
- Finished Room Over Garage
- 2 Acre Lot
- Recreation Room
- Olive Chapel Elementary School Rated A
- Secluded Lot
- Wooded Lot
About This Home
As of September 2023Secluded bungalow with no city tax nestled on a beautiful 2 acre property lot in a prime Apex location! Extensive updates inside and out with character and charm throughout the cedar cottage! New 2018 roof, brand new upstairs HVAC installed in August, new 2023 water heater, water tank & well pump, vapor barrier added in crawl space, grid-less windows and skylights allow natural light to shine in, enclosed front porch, formal dining room adjacent to the spacious kitchen with expansive island, prep sink, double ovens, new floors & fresh paint. Two living room spaces, one showcasing a wood burning fireplace. First floor owners suite with WIC and two additional bedrooms upstairs. Fabulous screened porch links the main house to a 2-car detached garage with 600sqft of future expansion.
Last Agent to Sell the Property
Team Anderson Realty License #266838 Listed on: 08/21/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,864
Year Built
- Built in 1981
Lot Details
- 2 Acre Lot
- Lot Dimensions are 199 x 435 x 202 x 437
- Secluded Lot
- Wooded Lot
- Landscaped with Trees
Parking
- 2 Car Detached Garage
- Finished Room Over Garage
- Workshop in Garage
- Front Facing Garage
- Garage Door Opener
- Gravel Driveway
Home Design
- Transitional Architecture
- Traditional Architecture
- Block Foundation
- Cedar
Interior Spaces
- 2,093 Sq Ft Home
- 1.5-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Wood Burning Fireplace
- Screen For Fireplace
- Entrance Foyer
- Family Room with Fireplace
- Living Room
- Breakfast Room
- Combination Kitchen and Dining Room
- Den
- Recreation Room
- Bonus Room
- Screened Porch
- Storage
- Utility Room
- Crawl Space
- Unfinished Attic
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Self-Cleaning Oven
- Induction Cooktop
- Range Hood
- Microwave
- Plumbed For Ice Maker
- Dishwasher
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub with Shower
- Shower Only
Laundry
- Laundry on main level
- Electric Dryer Hookup
Accessible Home Design
- Accessible Washer and Dryer
Outdoor Features
- Patio
- Separate Outdoor Workshop
Schools
- Olive Chapel Elementary School
- Lufkin Road Middle School
- Apex Friendship High School
Utilities
- Forced Air Heating System
- Well
- Electric Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Association fees include unknown
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 21, 2023
Closed on
Sep 21, 2023
Sold by
Borden Christopher P
Bought by
Govindasamy Leena
Seller's Agent
Erica Anderson
Team Anderson Realty
Buyer's Agent
Olumide Olurinmade
Covenant Realty
List Price
$575,000
Sold Price
$600,000
Premium/Discount to List
$25,000
4.35%
Total Days on Market
1
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,302
Avg. Annual Appreciation
1.77%
Original Mortgage
$480,000
Outstanding Balance
$472,738
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$145,564
Purchase Details
Closed on
Dec 13, 2019
Sold by
Williamson Daniel R and Williamson Shirley H
Bought by
Williamson Jonathan T and Williamson Daniel R
Purchase Details
Closed on
Jun 29, 2007
Sold by
Borden Christopher P and Borden Monica Lewis
Bought by
Borden Christopher
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.35%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 27, 1992
Bought by
Borden Christopher
Similar Homes in the area
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Govindasamy Leena | $600,000 | None Listed On Document | |
| Williamson Jonathan T | -- | None Available | |
| Borden Christopher | -- | None Available | |
| Borden Christopher | $137,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Govindasamy Leena | $480,000 | |
| Previous Owner | Borden Christopher P | $166,000 | |
| Previous Owner | Borden Christopher P | $170,000 | |
| Previous Owner | Borden Christopher P | $40,000 | |
| Previous Owner | Borden Christopher P | $140,000 | |
| Previous Owner | Borden Christopher P | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/25/2023 09/25/23 | Sold | $600,000 | +4.3% | $287 / Sq Ft |
| 08/25/2023 08/25/23 | Pending | -- | -- | -- |
| 08/24/2023 08/24/23 | For Sale | $575,000 | -- | $275 / Sq Ft |
Source: Doorify MLS
Tax History Compared to Growth
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 | $3,876 | $620,941 | $340,000 | $280,941 |
| 2023 | $3,089 | $393,668 | $205,000 | $188,668 |
| 2022 | $2,863 | $393,668 | $205,000 | $188,668 |
| 2021 | $2,786 | $393,668 | $205,000 | $188,668 |
| 2020 | $2,740 | $393,668 | $205,000 | $188,668 |
| 2019 | $2,977 | $362,008 | $195,000 | $167,008 |
| 2018 | $2,737 | $362,008 | $195,000 | $167,008 |
| 2017 | $2,594 | $362,008 | $195,000 | $167,008 |
| 2016 | $2,541 | $362,008 | $195,000 | $167,008 |
| 2015 | $2,156 | $307,501 | $152,000 | $155,501 |
| 2014 | $2,043 | $307,501 | $152,000 | $155,501 |
Source: Public Records
Agents Affiliated with this Home
-
Erica Anderson
Seller's Agent in 2023
Erica Anderson
Team Anderson Realty
(919) 376-5051
18 in this area
1,163 Total Sales
-
Olumide Olurinmade
Buyer's Agent in 2023
Olumide Olurinmade
Covenant Realty
(919) 699-2200
4 in this area
58 Total Sales
Map
Source: Doorify MLS
MLS Number: 2528130
APN: 0722.04-70-2657-000
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