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    557 Olives Chapel Rd Apex, NC 27502

    Sponsored
    For Sale
    $2,500,000

    Prime Chatham County land, unrestricted, near RDU.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12.8-acre estate lot in Apex, North Carolina, presents a rare opportunity for discerning buyers. Located at 557 Olives Chapel Road, this property boasts a generous 2,690 square foot lot size and is zoned R-1, offering a multitude of development possibilities. The land features open fields and a tranquil pond, creating a picturesque setting ideal for a hobby farm, equestrian pursuits, or simply enjoying the peace and quiet of country living. The property's unrestricted nature, coupled with the absence of a homeowner's association (HOA) and covenants, provides unparalleled freedom and flexibility. Imagine parking boats or RVs without restrictions. This location offers the best of both worlds: the convenience of proximity to major urban centers like Raleigh-Durham International Airport (RDU), Research Triangle Park (RTP), Downtown Cary, and Apex, while enjoying the lower taxes of Chatham County. The property is situated a few hundred yards from Army Corps land and less than a mile from the shores of Jordan Lake, providing additional recreational opportunities. The existing three-bedroom, three-bathroom home and outbuildings offer potential for renovation or serve as temporary accommodations while building your dream home. This is a truly unique opportunity to own a substantial piece of land in a highly desirable location. Asking price is $2,500,000. The property's zip code is 27502.

    Property Features for 557 Olives Chapel Rd

    General Information

    Property type
    Land

    HighLights

    • 12.8‑acre estate lot in Apex, NC, zoned R‑1.
    • 2,690 sq ft lot size with open fields and a pond.
    • Unrestricted, no HOA, offering flexibility for various uses (hobby farm, equestrian, etc.).
    • Convenient to RDU, RTP, Downtown Cary, and Apex, yet enjoys lower Chatham County taxes.
    • Near Jordan Lake and Army Corps land; existing 3‑bed/3‑bath home and outbuildings.
    • Asking price: $2,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Chatham
    State
    North Carolina
    Longitude
    -78.9636682
    Latitude
    35.7309942

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    FAQs

    What type of property is this?
    Land - Prime Chatham County land, unrestricted, near RDU.
    Where is this land located?
    The property is located at 557 Olives Chapel Rd Apex, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 12.8-acre estate lot in Apex, NC, zoned R-1.; 2,690 sq ft lot size with open fields and a pond.; Unrestricted, no HOA, offering flexibility for various uses (hobby farm, equestrian, etc.).
    (919) 542-0523
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    557 Olives Chapel Rd Apex, NC 27502
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    Apex, NC 27502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    557 Olives Chapel Rd Apex, NC 27502
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