NOT LISTED FOR SALE

502 1st St Apex, NC 27502

Estimated Value: $205,000 - $304,000

2 Beds
1 Bath
1,032 Sq Ft
$254/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $185,000 $179 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,595/month

1 Day on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • 1-Story Property
  • Baucom Elementary School Rated A
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of April 2022

Fantastic Tear-Down Opportunity Near Downtown Apex! Has Lots of Potential.

Last Listed By

Lisa Southern

Compass -- Raleigh License #249352 Listed on: 03/24/2022

Compass -- Raleigh

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,147

Year Built

  • Built in 1940

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,032 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Private Driveway
  • Unpaved Parking

Schools

  • Baucom Elementary School
  • Apex Middle School
  • Apex Friendship High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,147

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1032.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See Plat Map
  • General Property Information Association Fee Required YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Wood: Yes
  • General Property Information Above Grade Finished Area: 1032.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 5227.2
  • General Property Information Lot Size Acres: 0.12
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Combination, Wood
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 3
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Acres: 0.12
  • Construction Type: Brick
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Unpaved
  • Parking Features:Driveway: Yes
  • Parking Features:Unpaved: Yes

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Dimensions: See Plat Map
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1147.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - Baucom

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Apr 4, 2022
Sold by
Chatman Paulette R and Chatman Thurman
Bought by
Zion Land Management Llc
Seller's Agent
Lisa Southern
Compass -- Raleigh
Buyer's Agent
Mike Proctor
Triangle Home Team Realty
List Price
$150,000
Sold Price
$185,000
Premium/Discount to List
$35,000
23.33%
Total Days on Market
1
Current Estimated Value
$262,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,091
Avg. Annual Appreciation
11.85%

Purchase Details

Closed on
Apr 20, 2015
Sold by
Gunter John A and Gunter Debra D
Bought by
Chatman Paulette R

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Similar Homes in Apex, NC

  • 206 Justice Heights St, Apex, NC 27502

    $300,000

    • 3 Beds
    • 1 Bath
    • 925 Sq Ft
    • 206 Justice Heights St
    • Apex, NC

    Looking for the right opportunity in a growing area close to the cutest downtown area? This 3-bedroom home has an updated kitchen and bathroom. 3 nice sized bedrooms and a large fenced in backyard all within walking distance of downtown Apex.

    Melissa McHarney Coldwell Banker Advantage-Sout

    Section Image
  • 5202 Lorbacher Rd, Apex, NC 27539

    $299,900

    • 3 Beds
    • 1 Bath
    • 1,248 Sq Ft
    • 5202 Lorbacher Rd
    • Apex, NC

    Conveniently located near schools, a community center, shopping, and grocery stores! Enjoy the charm of country living with the convenience of nearby amenities—and no city taxes. This home features a beautiful backyard, covered carport, and easy-to-maintain vinyl siding, making it a great low-maintenance option in a peaceful setting.

    R. Richardson Fonville Morisey/Cary Sales

    Section Image

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
Zion Land Management Llc $185,000 Gold Law Pa
Chatman Paulette R -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chatman Paulette R $70,327
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $185,000 -- --
04/08/2022 04/08/22 Sold $185,000 +23.3% $179 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $150,000 -- $145 / 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 $1,700 $196,824 $130,000 $66,824
2023 $1,245 $111,649 $45,000 $66,649
2022 $1,169 $111,649 $45,000 $66,649
2021 $1,125 $111,649 $45,000 $66,649
2020 $1,114 $111,649 $45,000 $66,649
2019 $870 $74,820 $27,000 $47,820
2018 $820 $74,820 $27,000 $47,820
2017 $764 $74,820 $27,000 $47,820
2016 $754 $74,820 $27,000 $47,820
2015 $658 $63,544 $14,000 $49,544
2014 -- $63,544 $14,000 $49,544
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2438407

Doorify MLS

APN: 0741.05-29-4036-000