NOT LISTED FOR SALE

5517 Colonial Oaks Dr Apex, NC 27539

Middle Creek Neighborhood

Estimated Value: $703,000 - $766,000

4 Beds
2.5 Baths
3,346 Sq Ft
$219/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $558,000 $167 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,429/month

4 Days on Market

Highlights

  • 0.69 Acre Lot
  • Deck
  • Bonus Room
  • Holly Springs Elementary School Rated A
  • Traditional Architecture
  • High Ceiling

About This Home

As of June 2021

WOW. Just WOW. Over 3300 SF on HUGE .69 acre lot. Step inside to Brand New LVP flooring throughout the first floor. Open-Concept Living as the Brand New Kitchen with Painted Cabinets, New Stainless Appliances, and Quartz Countertops overlooks the expansive Family Room. Upstairs you'll find the Master plus 3 additional bedrooms PLUS bonus. Don't miss the Walk-in Storage! Outside has UNLIMITED possibilities. Pool, garden, or family Football games are just some options. No City Taxes!! NEW ROOF May 2021.

Last Listed By

Mike Proctor

Triangle Home Team Realty License #277511 Listed on: 05/12/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 2003

Lot Details

  • 0.69 Acre Lot
  • Landscaped

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Front Facing Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 3,346 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Dining Room
  • Bonus Room
  • Storage
  • Utility Room
  • Crawl Space
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Butlers Pantry
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Schools

  • Holly Springs Elementary School
  • Holly Ridge Middle School
  • Apex Friendship High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic Tank

Community Details

  • Fair Oaks Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,961

Year Built

Built in 2003

Lot Details

0

HOA Fees

$29 per month

Parking

2

Listing Details

  • Year Built: 2003
  • Prop. Type: Residential
  • Subdivision Name: Fair Oaks
  • Above Grade Finished Sq Ft: 3346.0
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See Plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Primary Bedroom Level: 2
  • Room Types Utility Room: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • Water Source Community Water: Yes
  • General Property Information Above Grade Finished Area: 3346.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 30056.4
  • General Property Information Lot Size Acres: 0.69
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Luxury Vinyl, Tile
  • Interior Amenities: Bathtub/Shower Combination, Butler's Pantry, Ceiling Fan(s), Entrance Foyer, Granite Counters, High Ceilings, Pantry, Quartz Counters, Soaking Tub, Storage, Tray Ceiling(s), Walk-In Closet(s), Walk-In Shower, Wet Bar
  • Basement: Crawl Space
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Total Bedrooms: 11
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Quartz Counters: Yes
  • Interior Features:Storage3: Yes
  • Interior Features:Tray Ceiling(s): Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Interior Features:Wet Bar: Yes
  • Interior Features:Butler_squote_s Pantry: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.69
  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Deck, Porch
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association Fee: 352.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 352.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Dimensions: See Plat
  • Lot Size Sq Ft: 30056.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2961.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Wake - Holly Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Jun 15, 2021
Sold by
Astolfi Glenn and Astolfi Pamela J
Bought by
Gu Hanghui and Wang Ziwei
Seller's Agent
Mike Proctor
Triangle Home Team Realty
Buyer's Agent
Emma Ma
EXP Realty LLC
List Price
$499,900
Sold Price
$558,000
Premium/Discount to List
$58,100
11.62%
Total Days on Market
4
Current Estimated Value
$733,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,325
Avg. Annual Appreciation
7.22%
Original Mortgage
$400,000
Outstanding Balance
$366,849
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$366,476

Purchase Details

Closed on
Dec 13, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Astolfi Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2012
Sold by
Gibbs Raymond E and Gibbs Chelsea R
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 14, 2003
Sold by
Centex Homes
Bought by
Gibbs Raymond E and Gibbs Chelsea R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,090
Interest Rate
9.3%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Gu Hanghui $558,000 None Available
Astolfi Glenn -- None Available
Federal Home Loan Mortgage Corporation $292,557 None Available
Gibbs Raymond E $304,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gu Hanghui $400,000
Previous Owner Astolfi Glenn $231,200
Previous Owner Gibbs Raymond E $81,000
Previous Owner Gibbs Raymond E $264,000
Previous Owner Gibbs Raymond E $46,000
Previous Owner Gibbs Raymond E $308,700
Previous Owner Gibbs Raymond E $304,090
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Off Market $558,000 -- --
06/17/2021 06/17/21 Sold $558,000 +11.6% $167 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $499,900 -- $149 / 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 $3,775 $604,670 $150,000 $454,670
2023 $3,339 $425,629 $75,000 $350,629
2022 $3,094 $425,629 $75,000 $350,629
2021 $3,011 $425,629 $75,000 $350,629
2020 $2,961 $425,629 $75,000 $350,629
2019 $3,103 $377,443 $64,000 $313,443
2018 $2,852 $377,443 $64,000 $313,443
2017 $2,704 $377,443 $64,000 $313,443
2016 $2,649 $377,443 $64,000 $313,443
2015 $2,676 $382,366 $70,000 $312,366
2014 -- $382,366 $70,000 $312,366
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2383436

Doorify MLS

APN: 0750.04-52-1595-000