NOT LISTED FOR SALE

2433 Olive Chapel Rd Apex, NC 27502

West Apex Neighborhood

Estimated Value: $752,000 - $1,139,000

3 Beds
2.5 Baths
2,754 Sq Ft
$351/Sq Ft Est. Value

Last Sold November 02, 2023

Last sale price $975,000 $354 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,592/month

Highlights

  • Docks
  • Spa
  • Community Lake
  • Olive Chapel Elementary School Rated A
  • 2.14 Acre Lot
  • Deck

About This Home

As of August 2024

Experience a private lake house on over 2 acres with a pond in Apex, a prime location with outstanding Wake County schools.
This property is a true oasis. The outdoor space features a huge fenced yard complete with an expansive deck, jacuzzi, fire pit, and a personal gazebo. The highlight is the pond with private access - perfect for paddleboarding, kayaking, canoeing, or simply relaxing and enjoying the serene views. A shorter-term rental option is available (minimum of 3 months) and can be fully furnished for a higher, negotiable rent. Most of the furniture is newly purchased and has never been used.
The vaulted ceilings and many skylights create a bright and airy atmosphere, while the post-and-beam walls provide a warm and cozy feel. The entire home was just re-painted and upgraded! The kitchen is a chef's dream, equipped with upgraded appliances, four ovens (two wall ovens and two in the stove), double dishwashers, double sinks, and a 60" Wolf gas range.
Don't miss the finished workspace with its own HVAC unit off the garage, and a fully insulated and painted garage with plenty of natural light. No HOA to worry about and no water and sewer bills to pay. The solar panel system installed significantly reduces electricity costs by 30-50%, depending on the time of year. High-speed internet service is available through Spectrum.
Additional features include a metal roof with a 40-year warranty, a newer HVAC system, encapsulated crawl space, new Marvin windows in most of the house, and renovated bathrooms.
Located in Wake County, this unique property offers seclusion, privacy, and breathtaking views while being conveniently close to shopping, nature trails,
and parks.

Dont miss this opportunity!

Last Agent to Rent the Property

Raju Gadiraju

RG Realty Services LLC License #261904 Listed on: 08/09/2024

Last Renter's Agent

Raju Gadiraju

Macro Holdings Prop. Dev., LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,830

Year Built

  • Built in 1989

Lot Details

  • 2.14 Acre Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 2,754 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Skylights
  • Fireplace
  • Family Room
  • Home Office
  • Wood Flooring
  • Laundry Room

Kitchen

  • Double Oven
  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Gazebo

Utilities

  • Central Air
  • Heating System Uses Propane
  • Vented Exhaust Fan

Community Details

  • Property has a Home Owners Association
  • Community Lake

Listing and Financial Details

  • Security Deposit $3,990
  • Property Available on 8/10/24
  • Tenant pays for electricity, gas, hot water, trash collection
  • The owner pays for sewer, water
  • 6 Month Lease Term
  • Assessor Parcel Number 0721.02-59-8726 0122187

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,830

Year Built

Built in 1989

Lot Details

0

Parking

2

Rental Info

  • Tenant Pays: Electricity, Gas, Hot Water, Trash Collection
  • Lease Term: 6 Months
  • Owner Pays: Sewer, Water
  • Available Date: 2024-08-10

Listing Details

  • Year Built: 1989
  • Prop. Type: Residential Lease
  • Above Grade Finished Sq Ft: 2754.0
  • Unit Levels: One
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Appliances Refrigerators: Yes
  • Flooring Wood: Yes
  • General Property Information Spa YN: Yes
  • Contract Information Lease Term: 6 Months
  • Contract Information Availability Date: 2024-08-10
  • Contract Information Security Deposit2: 3990.0
  • General Property Information Above Grade Finished Area: 2754.0
  • Room Types Laundry2: Yes
  • Owner Pays:Sewer2: Yes
  • General Property Information Lot Size Square Feet2: 93218.0
  • Other Structures Gazebo: Yes
  • General Property Information Lot Size Acres: 2.14
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Stone, Wood
  • Interior Amenities: Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
  • Private Spa: Yes
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Oven, Range, Refrigerator, Vented Exhaust Fan
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Appliances Dishwasher: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Appliances:Double Oven: Yes
  • Appliances:Gas Range: Yes
  • Appliances Range: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Oven: Yes
  • Appliances:Vented Exhaust Fan: Yes
  • Interior Features:Kitchen Island: Yes
  • Community Features:Lake: Yes
  • Appliances:Gas Oven: Yes

Exterior Features

  • Exterior Features: Dock
  • Acres: 2.14
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Skylight(s): Yes
  • Exterior Features:Dock: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Propane
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Propane2: Yes

Condo/Co-op/Association

  • Community Features: Lake
  • HOA Rent Includes: Sewer, Water
  • Association Name: None
  • Association: Yes
  • Fees Pet Deposit: 400.0

Association/Amenities

  • General Property Information:Association Name: None
  • General Property Information:Association YN: Yes

Lot Info

  • Lot Size Sq Ft: 93218.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0721.02-59-8726 0122187
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Nov 1, 2023
Sold by
Green Andrew Scott and Green Angela Vaughn
Bought by
Rr Capital Group Llc
Seller's Agent
Britney Kensmoe
Coldwell Banker HPW
Buyer's Agent
Raju Gadiraju
RG Realty Services LLC
List Price
$915,000
Sold Price
$975,000
Premium/Discount to List
$60,000
6.56%
Views
61
Current Estimated Value
$966,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,060
Avg. Annual Appreciation
-2.19%

Purchase Details

Closed on
Sep 22, 2005
Sold by
Putnam Robert D and Putnam Sylvia J
Bought by
Green Andrew Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
5.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 3, 2000
Sold by
Mcknight Michael J
Bought by
Putnam Robert D and Putnam Sylvia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,300
Interest Rate
7.94%
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
Rr Capital Group Llc -- None Listed On Document
Green Andrew Scott $386,000 None Available
Putnam Robert D $243,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Green Andrew Scott $386,000
Previous Owner Putnam Robert D $194,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2024 08/18/24 Rented $4,500 +12.8% --
08/09/2024 08/09/24 For Rent $3,990 0.0% --
11/02/2023 11/02/23 Sold $975,000 +6.6% $373 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
09/28/2023 09/28/23 For Sale $915,000 -- $350 / 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 $5,830 $908,389 $327,680 $580,709
2024 $5,661 $908,389 $327,680 $580,709
2023 $3,678 $469,156 $198,400 $270,756
2022 $3,408 $469,156 $198,400 $270,756
2021 $3,317 $469,156 $198,400 $270,756
2020 $3,262 $469,156 $198,400 $270,756
2019 $3,329 $405,154 $188,840 $216,314
2018 $3,060 $405,154 $188,840 $216,314
2017 $2,901 $405,154 $188,840 $216,314
2016 $2,842 $405,154 $188,840 $216,314
2015 $2,746 $392,476 $159,280 $233,196
2014 $2,602 $392,476 $159,280 $233,196
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10046196

Doorify MLS

APN: 0721.02-59-8726-000