NOT LISTED FOR SALE

499 Olives Chapel Rd Apex, NC 27502

Estimated Value: $1,170,970

12.62 Acres
$92,787 Price per Acre
549,727 Sq Ft Lot

Last Sold September 08, 2023

Last sale price $1,100,000

Est. 6% increase in value since last sale

Current estimated payment $6,513/month

426 Days on Market

Highlights

  • Wooded Lot
  • Grass Field
  • Level Lot

About This Lot

As of September 2023

This remarkable acreage property is ideal for an estate home or small residential subdivision. Maintained by the same family for decades, it is a unique mix of mature hardwoods, tall pines & open fields. The rolling-mostly level topo makes this ideal for one or more spectacular homesites. This unrestricted land is available as an equestrian property, home w/shop & garage. No covenants/no HOA/no preferred builder/no ARB. Close to intersection of Hwy 751 & 64/RTP/RDU/Beaver Creek & recreational Jordan Lake.

Last Agent to Sell the Property

Eric Andrews

Realty World Carolina Prop License #177746 Listed on: 04/29/2022

Realty World Carolina Prop

Last Buyer's Agent

Eric Andrews

Realty World Carolina Prop License #177746 Listed on: 04/29/2022

Realty World Carolina Prop

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,664

Lot Details

  • 12.62 Acre Lot
  • Lot Dimensions are 355x229x200x1273x264x1487
  • Level Lot
  • Wooded Lot

Schools

  • Moncure Elementary And Middle School
  • Seaforth High School

Horse Facilities and Amenities

  • Grass Field

Utilities

  • Well Required
  • Septic Needed

Property Details

Property Type

Land

Est. Annual Taxes

$3,664

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • General Property Information Lot Size Dimensions: 355x229x200x1273x264x1487
  • Sewer Septic Needed: Yes
  • Vegetation Wooded2: Yes
  • Vegetation Wooded Description: Hardwoods
  • Utilities Electricity Available: Yes
  • Water Source Need Well: Yes
  • Vegetation Grassed: Yes
  • General Property Information Lot Size Square Feet2: 549684.0
  • General Property Information Lot Size Acres: 12.619
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 12.62
  • Lot Features:Level: Yes
  • Lot Features:Rolling Slope: Yes

Utilities

  • Utilities: Electricity Available
  • Water Source: Need Well

Schools

  • Ninth Grade High School: Chatham - Seaforth
  • Middle Or Junior School: Chatham - Moncure

Lot Info

  • Zoning: R-1
  • Current Use: Vacant
  • Lot Dimensions: 355x229x200x1273x264x1487
  • Lot Size Sq Ft: 549684.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: Parcel 0072616

MLS Schools

  • Elementary School: Chatham - Moncure

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Sep 8, 2023
Sold by
Wester Johnnie A and Wester Patricia G
Bought by
Daniel J Kugler Revocable Trust
Seller's Agent
Eric Andrews
Realty World Carolina Prop
Buyer's Agent
Eric Andrews
Realty World Carolina Prop
List Price
$1,750,000
Sold Price
$1,100,000
Premium/Discount to List
-$650,000
-37.14%
Views
321
Current Estimated Value
$1,170,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,970
Avg. Annual Appreciation
3.10%

Purchase Details

Closed on
Jan 14, 2000
Sold by
Wester Patricia G
Bought by
Wester Patricia G and Wester Johnnie A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Daniel J Kugler Revocable Trust -- None Listed On Document
Daniel J Kugler Revocable Trust $1,100,000 None Listed On Document
Wester Patricia G -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $1,100,000 -- --
09/08/2023 09/08/23 Sold $1,100,000 -26.7% --
06/29/2023 06/29/23 Pending -- -- --
03/27/2023 03/27/23 Price Changed $1,500,000 -14.3% --
04/29/2022 04/29/22 For Sale $1,750,000 -- --
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 $3,664 $429,570 $429,570 $0
2023 $3,664 $7,746 $7,746 $0
2022 $61 $7,746 $7,746 $0
2021 $565 $88,101 $88,101 $0
2020 $565 $77,334 $77,334 $0
2019 $602 $77,334 $77,334 $0
2018 $0 $77,334 $77,334 $0
2017 $565 $77,334 $77,334 $0
2016 $439 $59,514 $59,514 $0
2015 $431 $59,514 $59,514 $0
2014 -- $59,514 $59,514 $0
2013 -- $59,514 $59,514 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2445586

Doorify MLS

APN: 72616