NOT LISTED FOR SALE

245 Franconia Way Apex, NC 27502

West Apex Neighborhood

Estimated Value: $1,315,372 - $1,346,000

4 Beds
4.5 Baths
5,543 Sq Ft
$240/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $1,208,072 $218 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,969/month

80 Days on Market

Highlights

  • Home Theater
  • New Construction
  • Family Room with Fireplace
  • Scotts Ridge Elementary School Rated A
  • Craftsman Architecture
  • Wood Flooring

About This Home

As of June 2023

Elegant finished basement home in highly desirable Greys Landing! First floor master bedroom with elegant bath and oversized walk in closet. Fully open concept plan with huge 10' long island, and large walk in pantry. Screen porch with custom fireplace and rocking chair front porch provide ample outdoor living opportunities. Finished basement includes large activity/game room, full bathroom, fitness center, and theater room with plenty of space left over for ample storage. Second floor includes 3 additional bedrooms, with 2 full bathrooms. Large open loft, library/study area, grand laundry & crafts room, and additional bonus room. Don't miss the custom built-ins, or walk-in attic access.

Last Agent to Sell the Property

Shaun Smith

Society Real Estate, LLC License #278806 Listed on: 12/16/2022

Co-Listed By

Michelle Smith

Society Real Estate, LLC License #277904

Last Buyer's Agent

Linda Ellison

Long & Foster Real Estate INC/Brier Creek License #261944

Long & Foster Real Estate INC/Brier Creek

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,101

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 99'x124'x30'x67'x130'
  • Landscaped

HOA Fees

  • $65 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Private Driveway

Home Design

  • Craftsman Architecture
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Smooth Ceilings
  • Screen For Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • L-Shaped Dining Room
  • Home Theater
  • Bonus Room
  • Home Gym
  • Laundry on upper level
  • Finished Basement

Kitchen

  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Private Water Closet
  • Separate Shower in Primary Bathroom
  • Walk-in Shower

Outdoor Features

  • Outdoor Fireplace
  • Rain Gutters
  • Porch

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • Association fees include insurance
  • Greys Landing Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,101

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$65 per month

Parking

2

Listing Details

  • Year Built: 2023
  • Prop. Type: Residential
  • Reso Association Fee Includes: Insurance
  • Co List Office Mls Id: 74616
  • Co List Office Phone: 919-825-0292
  • Subdivision Name: Greys Landing
  • Above Grade Finished Sq Ft: 3653.0
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Contract Information Ownership Type: Other
  • General Property Information Above Grade Unfinished Area: 561.0
  • General Property Information Total Unfinished Area2: 561.0
  • General Property Information Lot Size Dimensions: 99'x124'x30'x67'x130'
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features Water Closet: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2023-04-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bonus Room: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Laundry Features Upper Level: Yes
  • Interior Features Dining L: Yes
  • Architectural Style Craftsman: Yes
  • Fireplace Features Fireplace Screen: Yes
  • Room Types Media Room: Yes
  • Room Types Exercise Room: Yes
  • General Property Information Above Grade Finished Area: 3653.0
  • General Property Information Below Grade Finished Area: 1890.0
  • 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: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Dining L, High Speed Internet, Primary Downstairs, Separate Shower, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower, Water Closet
  • Basement: Finished
  • Appliances: Dishwasher, Gas Water Heater, Range Hood
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1890.0
  • Fireplace Features: Family Room, Fireplace Screen, Gas, Outside, Sealed Combustion
  • Fireplaces: 2
  • Total Bedrooms: 13
  • Appliances Dishwasher: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Family Room: Yes
  • Fireplace Features:Outside: Yes
  • Fireplace Features:Sealed Combustion: Yes
  • Appliances:Gas Water Heater: Yes
  • Fireplace Features:Gas4: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement Finished: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.28
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Porch
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Concrete, Driveway, Garage
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 780.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Insurance2: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 780.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Dimensions: 99'x124'x30'x67'x130'
  • Lot Size Sq Ft: 12196.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2025
Sold by
Cutrone Michael and Cutrone Mary
Bought by
Cutrone Living Trust and Cutrone
Current Estimated Value
$1,332,093

Purchase Details

Listed on
Dec 16, 2022
Closed on
Jun 14, 2023
Sold by
Pomarico Construction Corp
Bought by
Cutrone Michael and Cutrone Mary
Seller's Agent
Shaun Smith
Society Real Estate, LLC
Buyer's Agent
Linda Ellison
Long & Foster Real Estate INC/Brier Creek
List Price
$1,194,000
Sold Price
$1,208,072
Premium/Discount to List
$14,072
1.18%
Views
105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.38%
Original Mortgage
$1,200,000
Interest Rate
6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Cutrone Living Trust -- None Listed On Document
Cutrone Living Trust -- None Listed On Document
Cutrone Michael $1,208,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cutrone Michael $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $1,208,072 -- --
06/14/2023 06/14/23 Sold $1,208,072 +1.2% $218 / Sq Ft
03/05/2023 03/05/23 Pending -- -- --
12/15/2022 12/15/22 For Sale $1,194,000 -- $215 / 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 $10,101 $1,154,595 $200,000 $954,595
2024 $9,874 $1,154,595 $200,000 $954,595
2023 $8,111 $737,553 $130,000 $607,553
2022 $1,461 $141,900 $130,000 $11,900
2021 $1,287 $130,000 $130,000 $0
2020 $1,274 $130,000 $130,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Shaun Smith

    Seller's Agent in 2023

    Shaun Smith

    Society Real Estate, LLC

    (919) 249-8383

    2 in this area

    98 Total Sales

    Shaun Smith
    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Michelle Smith

    Society Real Estate, LLC

    Section Image
  • Linda Ellison

    Buyer's Agent in 2023

    Linda Ellison

    Long & Foster Real Estate INC/Brier Creek

    (919) 302-8545

    1 in this area

    29 Total Sales

    Linda Ellison
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2487337

Doorify MLS

APN: 0731.01-07-3813-000

North Carolina Wake County Apex 27502 West Apex

245 Franconia Way, Apex, NC

This home is located at 245 Franconia Way, Apex, NC 27502 since 16 December 2022 and is currently estimated at $1,332,093, approximately $240 per square foot. This property was built in 2023. 245 Franconia Way is a home located in Wake County with nearby schools including Scotts Ridge Elementary School, Apex Friendship Middle School, and Apex Friendship High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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