$2,400,000
$100K PRICE DROP

557 Olives Chapel Rd Apex, NC 27502

Estimated payment $13,796/month

Total Views 17,031
3 Beds
3 Baths
2,690 Sq Ft
$892 Price per Sq Ft

Highlights

  • Cape Cod Architecture
  • Wooded Lot
  • Loft
  • Pond
  • Main Floor Primary Bedroom
  • Mud Room

About This Home

Welcome to Olives Chapel Road. This home and outbuildings are nestled on 12.8 acres with a pond. Unrestricted, no HOA, no Covenants. This is a rare opportunity to buy an estate lot close to RDU, RTP, Downtown Cary and Apex but in Chatham County with lower taxes. Open fields. Pond. Build a hobby farm or a garage. Bring your horses. This property is a few hundred yards from Army Corp land and less than a mile from the shores of Jordan Lake. Without covenants or HOA you can park boats or an RV. Convenience and freedom.

Listing Agent

Eric Andrews

Realty World Carolina Prop License #177746 Listed on: 07/23/2024

Realty World Carolina Prop

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,497

Year Built

  • Built in 1996

Lot Details

  • 12.8 Acre Lot
  • Lot Dimensions are 474x1695x264x1488
  • Property fronts a state road
  • Rectangular Lot
  • Cleared Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Gravel Driveway
  • 10 Open Parking Spaces

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,690 Sq Ft Home
  • 2-Story Property
  • Mud Room
  • Entrance Foyer
  • Living Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Loft
  • Basement
  • Crawl Space

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Pond
  • Patio
  • Separate Outdoor Workshop

Schools

  • Moncure Elementary And Middle School
  • Seaforth High School

Horse Facilities and Amenities

  • Grass Field

Utilities

  • Central Air
  • Heat Pump System
  • Power Generator
  • Propane
  • Private Water Source
  • Well
  • Septic Tank
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0072617

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,497

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1996
  • Prop. Type: Residential
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 2690.0
  • Architectural Style: Cape Cod
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Lot Size Dimensions: 474x1695x264x1488
  • General Property Information Basement YN: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Laundry Features Main Level: Yes
  • Cooling:Electric: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Water Source Well: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Bedroom 3 Level: Second
  • Room Types Dining Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Main
  • Laundry Features Electric Dryer Hookup: Yes
  • Room Types Loft: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Room Types Breakfast Room: Yes
  • Flooring Laminate: Yes
  • Other Structures Workshop: Yes
  • Foundation Details Block3: Yes
  • General Property Information Enhanced Accessible2: No
  • Room Types Mud Room: Yes
  • Vegetation Wooded2: Yes
  • Utilities Water Connected: Yes
  • Room Types Entrance Hall: Yes
  • General Property Information Above Grade Finished Area: 2690.0
  • General Property Information Carport YN: No
  • Other Equipment Generator: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Propane3: Yes
  • Laundry Features Inside: Yes
  • Roof Architectural Shingle: Yes
  • Common Walls No Common Walls: Yes
  • Vegetation Grassed: Yes
  • Utilities Septic Connected: Yes
  • Lot Features Pond On Lot2: Yes
  • Road Frontage Type State Road: Yes
  • Water Source Private6: Yes
  • General Property Information Lot Size Square Feet2: 557655.12
  • General Property Information Lot Size Acres: 12.802
  • General Property Information Stories2: 2
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Basement: Crawl Space
  • Appliances: Dryer, Refrigerator, Washer
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Main Level Bathrooms: 2
  • Total Bedrooms: 8
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Architectural Shingle
  • Acres: 12.8
  • Home Warranty: No
  • Common Walls: No Common Walls
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Patio
  • Lot Features:Wooded: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Rectangular Lot: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front, Gravel
  • Total Parking Spaces: 10.0
  • Parking Features:Garage: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Gravel: Yes
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 10.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 10.0

Utilities

  • Utilities: Electricity Connected, Septic Connected, Water Connected, Propane
  • Heating: Heat Pump
  • Cooling: Central Air, Electric, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Private, Well
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Zoning: R-1
  • Lot Dimensions: 474x1695x264x1488
  • Lot Size Sq Ft: 557655.12
  • ResoLotSizeUnits: Acres
  • Parcel #: 0072617

Tax Info

  • Tax Annual Amount: 6497.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Chatham - Moncure

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,497 $745,556 $444,060 $301,496
2023 $6,497 $745,556 $444,060 $301,496
2022 $5,963 $745,556 $444,060 $301,496
2021 $5,888 $745,556 $444,060 $301,496
2020 $5,159 $647,049 $292,746 $354,303
2019 $5,159 $647,049 $292,746 $354,303
2018 $4,856 $647,049 $292,746 $354,303
2017 $4,856 $647,049 $292,746 $354,303
2016 $3,713 $486,966 $220,110 $266,856
2015 $3,655 $486,966 $220,110 $266,856
2014 $3,582 $486,966 $220,110 $266,856
2013 -- $486,966 $220,110 $266,856
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Price Changed $2,400,000 -4.0% $892 / Sq Ft
07/23/2024 07/23/24 For Sale $2,500,000 -- $929 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $60,000 Future Advance Clause Open End Mortgage
Closed $450,000 Unknown
Closed $100,000 Credit Line Revolving
Source: Public Records

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Source: Doorify MLS

MLS Number: 10042897

Doorify MLS

APN: 72617